Summary Spring 2018
This issue of the Summary opens with a policy note regarding the predictions of an impending Chinese “Minsky moment” and the far more likely prospect of another crisis in the United States. It also presents the results of a research project investigating the macroeconomic impact of a one-time cancellation of existing US student loan debt.
Working papers included in this issue examine Hyman Minsky’s and Abba Lerner’s writings on the functional finance approach to fiscal policy; the forces underlying the gender pay gap in the countries of the former Soviet Union; and the impact of corporate taxes on capital and labor in a modern, open economy. The issue closes with a look at the newest book in the Levy Institute Book Series, a compilation of essays dedicated to classical political economist, Alessandro Roncaglia.
INSTITUTE RESEARCH
Program: Monetary Policy and Financial Structure
- L. RANDALL WRAY, Does the United States Face Another Minsky Moment?
- L. RANDALL WRAY, Functional Finance: A Comparison of the Evolution of the Positions of Hyman Minsky and Abba Lerner
Program: Gender Equality and the Economy
- TAMAR KHITARISHVILI, Gender Pay Gaps in the Former Soviet Union: A Review of the Evidence
Program: Economic Policy for the 21st Century
- SCOTT FULLWILER, STEPHANIE A. KELTON, CATHERINE RUETSCHLIN, and MARSHALL STEINBAUM, The Macroeconomic Effects of Student Debt Cancellation
- SAMIKSHA AGARWAL and LEKHA S. CHAKRABORTY, Corporate Tax Incidence in India
INSTITUTE NEWS
New Books in the Levy Institute Book Series
- Classical Economics Today: Essays in Honor of Alessandro Roncaglia, edited by MARCELLA CORSI, JAN KREGEL, and CARLO D’IPPOLITI
Upcoming Events
- 27th Annual Hyman P. Minsky Conference
- The Hyman P. Minsky Summer Seminar