New Research Directions in Money, Finance & Public Policy
After 2008, traditions emphasizing the political economy of money attracted significant attention for their insights into the unfolding crisis and the impact of stabilization policy. COVID presented another such opportunity. The extraordinary “big monetary” and “big fiscal” policy responses during these episodes offered real-world illustrations of monetary-fiscal operations, technical aspects of public finance, continued financial fragility, and a range of de-risking strategies that could only be pursued by public financing institutions. They also raised once more key questions about the nature of stabilization policy, this time including interest rate increases, industrial strategies, and policies for economic security and the green transition.
In November 2023, Economic Democracy Initiative and Levy Economics Institute welcomed scholars for a two-day, in-person workshop on new research directions in the areas of money, finance, and public policy for intersecting crises, exploring synergies between different research traditions.
All sessions of the workshop were recorded and are available to watch online.