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The Minsky Moment In Eastern Ukraine

The Minsky Moment In Eastern Ukraine  Oh, I cannot resist taking that phrase from a recent Economist article about the separatist Donbass republics, the Luhansk Peoples’ Republic (LPR), and the Donetsk Peoples’ Republic (DPR). The official recognition by V.V. Putin of their independence brings about the end of the Minsk II Accord negotiations that have been going on since 2015. These accords were supposed to bring peace to eastern Ukraine, but...

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Join Us for the 11th Minsky Summer Seminar

Michael Stephens | October 23, 2019 The Hyman P. Minsky Summer SeminarLevy Economics Institute of Bard CollegeBlithewoodAnnandale-on-Hudson, N.Y. June 7–13, 2020 The Levy Economics Institute of Bard College is pleased to announce the 11th Minsky Summer Seminar will be held from June 7–13, 2020. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects of Minsky’s economics, with an...

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Join Us for the 28th Annual Hyman P. Minsky Conference

Michael Stephens | March 11, 2019 This year’s Minsky conference will be a one-day affair, featuring keynote speakers that include St. Louis Fed President James Bullard, former PIMCO chief economist Paul McCulley (now Senior Fellow at Cornell Law), and First Vice President of the Minneapolis Fed, Ron Feldman. The Levy Institute’s Jan Kregel will be discussing reform of the eurozone system; Michalis Nikiforos will be...

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Modern Money Theory: How I Came to MMT and What I Include in MMT

L. Randall Wray | October 1, 2018 My remarks for the 2018 MMT Conference, September 28-30, NYC. I was asked to give a short presentation at the MMT conference. What follows is the text version of my remarks, some of which I had to skip over in the interests of time. Many readers might want to skip to the bullet points near the end, which summarize what I include in MMT. ****************************************************************************** As an undergraduate I...

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Register for the 2019 Hyman P. Minsky Summer Seminar

Michael Stephens | September 24, 2018 We are accepting applications for the 2019 Hyman P. Minsky Summer Seminar, held here at the Levy Institute and the wider Bard College campus June 16–22: The Levy Economics Institute of Bard College is pleased to announce the tenth Minsky Summer Seminar will be held from June 16–22, 2019. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects of Minsky’s...

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Corporate Debt in Latin America and its Macroeconomic Implications

New paper by Esteban Pérez and co-authors published by the Levy Institute. From the abstract: This paper provides an empirical analysis of nonfinancial corporate debt in six large Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru), distinguishing between bond-issuing and non-bond-issuing firms, and assessing the debt’s macroeconomic implications. The paper uses a sample of 2,241 firms listed on the stock markets of their respective countries, comprising 34...

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Join Us for the 2018 Minsky Summer Seminar

The Levy Economics Institute of Bard College is pleased to announce the ninth Minsky Summer Seminar will be held from June 17–23, 2018. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects of Minsky’s economics, with an examination of meaningful prescriptive policies relevant to the current economic and financial outlook. It will also provide an introduction to Wynne Godley’s stock-flow consistent modeling methods via hands-on workshops. The Summer...

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On the Concert of Interests and Unlearning the Lessons of the 1930s

Jan Kregel opened this year’s Minsky Conference (which just wrapped up yesterday) with a reminder that the broader public challenges we face today are still in many ways an echo of those that faced the nation in 1930s. What follows is an abridged version of those remarks: This year’s conference takes place in an increasingly charged and divisive economic and political atmosphere. Sharp differences in approach are present within the new administration, within the majority party, and even...

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MINSKY AND MODERN MONEY THEORY: Was Minsky a “forefather”?

By L. Randall Wray A few weeks ago, a video of a lecture that Hyman Minsky gave at Westminster College on Oct 30, 1991 was made available. Although the Levy Institute has some audio of Minsky, this is the only video I know of. The audio of this one is not great, but you will get some flavor of his style. In truth, it was always a bit hard to follow his presentations as he had a tendency to lower his voice and mumble near the end of sentences as his mind raced ahead to the next point. He...

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