Levy Institute Graduate Programs in Economic Theory and Policy

Levy Institute Graduate Programs in Economic Theory and Policy The Levy Graduate programs are an alternative to mainstream graduate programs in economics and finance. Instruction and research are undertaken in the Levy Economics Institute of Bard College.

The Levy Institute M.A. and M.S programs emphasize theoretical and empirical aspects of economic policy analysis through specialization in one of the Levy Institute's main areas of research: Macroeconomic Theory, Policy, and Modeling; Monetary Policy and Financial Structure; Distribution of Income, Wealth, and Well-being; Gender Equality and Time Poverty; and Employment and Labor Markets. Both programs draw on the expertise of an extensive network of scholars at the Levy Economics Institute, an independent, nonprofit think tank with more than 25 years' experience in economic theory and public policy research. M.S. students are required to participate in a graduate research practicum on their second year carried out by Levy Institute scholars and faculty. Undergraduates in economics or related fields have an opportunity, through a 3+2 program, to earn both their B.A. and the M.S. in five years.

Levy Economics Institute of Bard College
06/01/2020

Levy Economics Institute of Bard College

Greece’s fragile economic recovery was halted by the COVID-19 pandemic: GDP, employment, exports, and investment are expected to record significantly negative trends. In their new strategic analysis, Institute President Dimitri B. Papadimitriou and Research Scholars Michalis Nikiforos and Gennaro Zezza explain why the V-shaped recovery that was projected to begin in 2021 is rather improbable and recommend measures to alleviate the shock’s impact and put Greece’s economy back on track when the epidemic has died out.

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Read more at: http://www.levyinstitute.org/publications/greeces-economy-after-covid-19

Say their names #blacklivesmatter
05/31/2020

Say their names #blacklivesmatter

We Can’t Trust the IMF and World Bank to Lead the COVID-19 Recovery
05/29/2020
We Can’t Trust the IMF and World Bank to Lead the COVID-19 Recovery

We Can’t Trust the IMF and World Bank to Lead the COVID-19 Recovery

Despite decades of protests against them, the IMF and World Bank continue to force the same discredited neoliberal policies on poor governments and their people. Countries in economic distress desperately need alternative sources of aid that won't demand adherence to free-market orthodoxy.

Read the Levy News👉🏽
05/27/2020

Read the Levy News👉🏽

Today's Levy News is now available online. This issue discusses our event in memory of Distinguished Scholar Wynne Godley, summarizes several recent publications, and celebrates the accomplishments of the Institute's Graduate Programs in Economic Theory and Policy Class of 2020.

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Read more at: http://www.levyinstitute.org/pubs/LevyNews/2020/may/may_2020.html

Bard’s 160th Commencement has been postponed to August 22nd.We’d like to congratulate the 2020 class of the M.A. in Econ...
05/23/2020

Bard’s 160th Commencement has been postponed to August 22nd.
We’d like to congratulate the 2020 class of the M.A. in Economic Theory and Policy
Eddie Dunn
Madeleine Johnsson
Wynn Miller
Max von Holtzendorff

Bard’s 160th Commencement has been postponed to August 22nd.It would have been happening right now…May 23rd, 12:30PMCong...
05/23/2020

Bard’s 160th Commencement has been postponed to August 22nd.
It would have been happening right now…May 23rd, 12:30PM
Congratulations to the M.S. class of 2020
Barkin Chinali
Esteban Rivera
Marokey Sawo
Alex Williams

We are going joining the brag ..two awesome Bard student-athletes will join the Levy Institute this fall. Congratulation...
05/16/2020

We are going joining the brag ..two awesome Bard student-athletes will join the Levy Institute this fall. Congratulations @jon_raefski and @jman_fiume! REGRAM @bardathletics @bardbaseball @bardmsoc @bardcollege #bardianandproud #levygraduateprograms #levygradstudents #levyeconomics #levyeconomicsinstitute

**The Legacy of Wynne Godley MAY 13th**The work of Prof. Godley is at the core of the Levy Graduate Programs. This confe...
05/12/2020

**The Legacy of Wynne Godley MAY 13th**
The work of Prof. Godley is at the core of the Levy Graduate Programs. This conference will take place on the Google Meet platform at Universita' degli Studi di Cassino e del Lazio Meridionale. The conference will be recorded and individual videos will be made available online on the Levy Institute's YouTube channel in the weeks following the event.

Announcing "The Legacy of Wynne Godley," a virtual conference of the Levy Institute and Universita' degli Studi di Cassino e del Lazio Meridionale, to be held on Wednesday, May 13.

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For more information, please visit the event page at: http://www.levyinstitute.org/news/godley-conference-2020

Jan Kregel Director Levy Graduate Programs participated in a series of online lectures about the impact of the pandemic ...
05/11/2020

Jan Kregel Director Levy Graduate Programs participated in a series of online lectures about the impact of the pandemic in India. View here:
https://coronapolicyimpact.org/

Bard College is celebrating student athletes in a virtual ceremony tonight. Levy M.S. student Esteban Rivera is among th...
05/06/2020

Bard College is celebrating student athletes in a virtual ceremony tonight. Levy M.S. student Esteban Rivera is among the awesome Bard athletes! Congratulations Estee! #regram pictures from @bardathletics @bardbaseball #bardianandproud #levyms #levygraduateprograms #levystudentsareawesome

Bard students: feeling blue about having to miss your last semester? Consider enrolling in the Levy Graduate Programs in...
05/05/2020

Bard students: feeling blue about having to miss your last semester? Consider enrolling in the Levy Graduate Programs in Economic Theory and Policy!
A Levy graduate degree combines a rigorous course of study with the exceptional opportunity to participate in advanced economics research and expand your future career options. Spend one more year Bard to earn your M.A. or two years for the M.S.
www.bard.edu/levygrad

The final M.S. thesis presentations just wrapped up. An amazing group of brilliant economist analyzing  relevant topics ...
04/30/2020

The final M.S. thesis presentations just wrapped up. An amazing group of brilliant economist analyzing relevant topics attuned to the real world. Congratulations class of 2020! #classof2020 #bardianandproud #levygraduateprograms #levyeconomicsinstitute

NPR
04/23/2020
NPR

NPR

Psychologists say "climate grief" — or feelings of anxiety and powerlessness about the state of our planet — can feel similar to other forms of grieving.

Here are some tips for processing when you feel overwhelmed ⬇

04/17/2020

"The original New Deal was also dogged by concerns about excessive government spending. The second world war eliminated that obstacle, unleashing extraordinary economic mobilization and decades of prosperity. Hopefully the coronavirus crisis will not be as destructive as the Great Depression, but if there is one thing it should destroy, it’s the myth of the deficit" Read Prof. Wray Op-Ed in The Guardian:
https://www.theguardian.com/commentisfree/2020/apr/17/coronavirus-deficit-american-economy

04/16/2020
Levy Economics Institute of Bard College

Levy Graduate Programs professor Randy Wray is one of the main proponents of MMT. https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

Quoting Senior Scholar L. Randall Wray, Research Associate Stephanie Kelton, and frequent Minsky Conference speaker, former PIMCO Chief Economist Paul McCulley, who asserts that "it's an epic moment in terms of breaking down the orthodoxy of church-and-state separation of the fiscal and monetary authority," The New York Times' Matt Phillips says MMT illustrates how we can replace "a few months of American economic activity with a flood of government money."

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Read more at: https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

Alex Williams, M.S. candidate was featured in Bloomebrg's How to Stop the Fiscal Emergency Facing the U.S. Podcast. "Wit...
04/14/2020
How To Stop The Fiscal Emergency Facing The U.S. (Podcast)

Alex Williams, M.S. candidate was featured in Bloomebrg's How to Stop the Fiscal Emergency Facing the U.S. Podcast.

"With the U.S. economy going into a deep slump, the Federal government has attempted to counteract the pain by increasing spending. But for cities and states, it’s virtually impossible for them to run counter-cyclical fiscal policy. Furthermore, the crisis is draining local coffers due to public health expenditure and the collapse of tax revenue. This has already led to the start of a state and local austerity wave (spending cuts, layoffs, etc.) that could take years to reverse".

https://www.bloomberg.com/news/audio/2020-04-12/how-to-stop-the-fiscal-emergency-facing-the-u-s-podcast

With the U.S. economy going into a deep slump, the Federal government has attempted to counteract the pain by increasing spending. But for cities and states, it’s virtually impossible for them to run counter-cyclical fiscal policy. Furthermore, the crisis is draining local coffers due to public he...

In the past days, two dear friends of the graduate programs and the Levy Institute have departed. Thandika Mkandawire an...
04/01/2020

In the past days, two dear friends of the graduate programs and the Levy Institute have departed. Thandika Mkandawire and Martin Khor.
Thandika challenged the mainstream views on African political economy. His work in UNRSID included structural adjustment and economic reform.
Martin was director of the South Center and had an invaluable role in the Third World Network.
Godspeed dear friends!

Levy Economics Institute of Bard College
03/31/2020

Levy Economics Institute of Bard College

Follow the Institute’s “Multiplier Effect” blog for our scholars’ latest takes on COVID-19’s economic and social consequences. Recent posts discuss unemployment and inequality, the increase in domestic violence in households under quarantine, and the economic impacts of nationalizing payrolls.

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http://multiplier-effect.org/

#FlattenTheCurve Flattening the curve means that all the social distancing measures now being deployed in places like It...
03/12/2020

#FlattenTheCurve Flattening the curve means that all the social distancing measures now being deployed in places like Italy and South Korea, and on a smaller scale in places like Seattle and Santa Clara County, California, aren’t so much about preventing illness but rather slowing down the rate at which people get sick.

The CDC advises that people over age 60 and people with chronic medical conditions — the two groups considered most vulnerable to severe pneumonia from Covid-19 — to “avoid crowds as much as possible.”

“If more of us do that, we will slow the spread of the disease,” Emily Landon, an infectious disease specialist and hospital epidemiologist at the University of Chicago Medicine, told Vox. “That means my mom and your mom will have a hospital bed if they need it.”

On 21 February 1848 Marx and Engels first published their remarkable text, now available in most of the world’s language...
02/21/2020

On 21 February 1848 Marx and Engels first published their remarkable text, now available in most of the world’s languages. #redbooksday

The Levy Graduate Programs are pleased to announce the new Minsky Scholarship, named for distinguished scholar Hyman P. ...
02/17/2020

The Levy Graduate Programs are pleased to announce the new Minsky Scholarship, named for distinguished scholar Hyman P. Minsky. Every applicant to the M.S. or the M.A. program is eligible! Learn more here: https://www.bard.edu/levygrad/admission/financialaid/

India’s economy is in distress. Jayati Ghosh, professor at the Jawaharlal Nehru University, thinks the government’s prop...
02/03/2020
Modi’s Budget Offers Few Solutions to Revive India’s Weak Economy

India’s economy is in distress. Jayati Ghosh, professor at the Jawaharlal Nehru University, thinks the government’s proposals are all smoke and mirrors. https://www.nytimes.com/2020/02/01/world/asia/india-modi-economy.html?smid=nytcore-ios-share

As the slowing economy threatens Prime Minister Narendra Modi’s grip on power, the government unveiled a modest budget that one economist called “smoke and mirrors.”

International students and scholars are an important part of the Levy Graduate Programs community. We are proud to annou...
01/29/2020

International students and scholars are an important part of the Levy Graduate Programs community. We are proud to announce that the M.A. is now accepting applications from international students! #youarewelcomehere #levyinstitute #levyeconomicsinstitute #levyeconomics #bardcollege #bardgraduateprograms #bardianandproud @ Levy Economics Institute of Bard College

Levy Economics Institute of Bard College
01/17/2020

Levy Economics Institute of Bard College

This month, the Bloomberg book club is focusing on two books, Distinguished Scholar Hyman Minsky’s “John Maynard Keynes” and “The Cost of Capitalism" by friend of Minsky and the Institute, Robert Barbera.

Barbera will be featured a podcast at 11am on Thursday, January 23 (accessible on Bloomberg terminals) to offer his thoughts on the two works.

Learn more about Minsky and his work at the Institute’s website http://www.levyinstitute.org/scholars/hyman-minsky

Injustice anywhere is a threat to justice everywhere (MLK 1929-1968) #letterfrombirminghamjail
01/15/2020

Injustice anywhere is a threat to justice everywhere (MLK 1929-1968) #letterfrombirminghamjail

01/15/2020
Online Info Session January 14, 2020

This is an online information session with special guest, Jan Kregel. This is your chance to get answers if you have any questions about the programs' application requirements, financial aid, elective and core courses, etc. Type your questions or comments in the comments and we will address them when the presentation is over.

Seeding sustainably to kick off Bard Citizen Science! @bardmatny @bardcep @bardgradprograms @bardcollege #levygraduatepr...
01/10/2020

Seeding sustainably to kick off Bard Citizen Science! @bardmatny @bardcep @bardgradprograms @bardcollege #levygraduateprograms #levyeconomicsinstitute #bardianandproud

01/09/2020

This is an online information session hosted by Prof. jan Kregel on January 8,2020. Please type your questions in the comments and we’ll get back to you.

Address

Blithewood Manor Levy Economics Institute
Annandale-on-Hudson, NY
12504

General information

M.A. in Economic Theory and Policy: 1 year, Final Research paper. M.S. in Economics Theory and Policy: 2 years, Thesis. All students are eligible for financial aid. Inquires: https://connect.bard.edu/register/?id=c70777bf-6d38-4817-b9ce-948b0e0f79cc

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