Levy Institute

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The US Supreme Court Rules and Future Prospects of Trump’s Tariff Gambit – Levy Economics Institute of Bard College The Supreme Court Strikes Down IEEPA Tariffs On February 20, 2026, the Supreme Court of the United States ruled, by a majority of six to three, that the International Emergency...more

SCOTUS' decision denying IEEPA legal basis for the Trump administration to impose sweeping tariffs has rocked financial markets and foreign capitals alike.

Scholar Yan Liang discusses the decision and its unseen implications.

www.levyinstitute.org/publications...

Want to know more about the Levy Graduate Programs in Economic Theory and Policy? We'll be holding an information session on March 6 at 12 PM EST

Drop in to ask questions and get your app fee waived!

Register at our site: www.bard.edu/levygrad/

Artificial Intelligence: Friend, Foe, Fraud – Levy Economics Institute of Bard College The over-hyped Dot.com revolution bubbled and crashed at the end of the 1990s, leaving a largely unused physical and virtual infrastructure that eventually supported the rise of social media that...mo...

What does A.I. hold for the world and the economy at large in the coming years? Is it friend, foe, or just a fraud?

Senior Scholar L. Randall Wray breaks it down in our latest working paper.

Read now: www.levyinstitute.org/publications...

Judy Shelton’s return has sparked alarm—but critics are focused on the wrong issue.

In a new piece, @ptcherneva.bsky.social and L. Randall Wray argue that reforming the Fed’s framework is imperative—and long overdue.

www.levyinstitute.org/blog/the-dar...

Judy Shelton’s return has sparked alarm—but critics are focused on the wrong issue.

In a new piece, @ptcherneva.bsky.social and L. Randall Wray argue that reforming the Fed’s framework is imperative—and long overdue.

www.levyinstitute.org/blog/the-dar...

Job openings plummeted in December, especially for service-sector roles There are now more unemployed people than job openings, which is landing particularly hard on young jobseekers.

"The labor market is just not creating enough jobs."

You can now listen to @ptcherneva.bsky.social on @marketplace.org, where she and several other economists discuss new labor market data and AI influences.

www.marketplace.org/story/2026/0...

Don't forget to register for our upcoming information session!

Learn more about the Levy Graduate Programs in Economic Theory and Policy, this Friday, Feb 6 at 12 PM!

Register: connect.bard.edu/register/Lev...

Join us Feb. 25 on Zoom for a discussion of research with Levy Scholar Giuliano Yajima.

His co-written paper discusses the dynamic interaction between private-sector financial balances, financial conditions, and the business cycle in the US.

Register: bard.zoom.us/webinar/regi...

The Fed Lowered Rates Again. Is It Really a Surprise? – Levy Economics Institute of Bard College The whole world was watching on December 10, 2025 to finally find out what the Fed was going to do. Big money bets were placed—would the Fed leave rates unchanged...more

On December 10, the Fed lowered rates—again.

Our final policy note of 2025 argues that the Fed isn’t fighting inflation; it’s managing class power. Read the latest from scholars Nersisyan and Wray, who show what the data actually say.

www.levyinstitute.org/publications...

Want to know more about the Levy Graduate Programs in Economic Theory and Policy? We'll be holding an information session on February 6 at 12 PM EST

Drop in to ask questions and get your app fee waived!

Register: connect.bard.edu/register/Lev...

Link to apply: connect.bard.edu/register/Lev...

Today is the deadline for priority scholarship consideration for the Levy Graduate Programs in Economic Theory and Policy!

Final deadline: April 15

Contact us at levygrad@bard.edu or visit our website for more information.

The Fed Lowered Rates Again. Is It Really a Surprise? – Levy Economics Institute of Bard College The whole world was watching on December 10, 2025 to finally find out what the Fed was going to do. Big money bets were placed—would the Fed leave rates unchanged...more

On December 10, the Fed lowered rates—again.

Our final policy note of 2025 argues that the Fed isn’t fighting inflation; it’s managing class power. Read the latest from scholars Nersisyan and Wray, who show what the data actually say.

www.levyinstitute.org/publications...

An Open Letter to the Indian Government in Support of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) – Levy Economics Institute of Bard College The Mahatma Gandhi Rural Employment Guarantee (MGNREGA or NREGA) is the largest rights-based public employment program in the world, signed into law in 2005. It faces imminent repeal by the...more

This piece was originally published by the Indian Express and has been cross-posted on the Levy Institute website.

Read the open letter to the Indian government in support of the MGNREGA at the link.

www.levyinstitute.org/an-open-lett...

Employment Guarantee on the Block – Levy Economics Institute of Bard College This article has been cross-posted from its original appearance in the Indian Express (published December 20, 2025). The VB-G RAM G Bill is all set to sink India’s employment guarantee in the guise of...

Twenty years ago, India launched the National Rural Employment Guarantee Act and became an inspiration for the world.

Now, the act is set to be repealed. Read the new piece by Jean Dreze to learn more.

www.levyinstitute.org/blog/employm...

"MGNREGA has captured the world’s attention with its demonstrated achievements and innovative design. To dismantle it now would be a historic error."

We have drafted a letter calling for the preservation of India's NREGA law.

Read the letter now and add your name.

levyinstitute.org?p=16777

"For decades, political parties have treated the working family as a slogan rather than the foundation of a healthy society."

Now published: Read @ptcherneva.bsky.social's keynote address from the CIRIEC and Bordeaux GSEF 2025 conferences.

Video available.

www.levyinstitute.org/publications...

The Early App deadline for Levy Grad Programs is approaching on January 15th!

Join our Application Workshop and Info Session on Monday January 12th at 12pm EST. We'll be going through the application checklist and answering any last minute questions.

connect.bard.edu/register/Lev...

Starting in 5 minutes! Join us on Zoom: bard.zoom.us/webinar/regi...

Don't forget to register for the last information session of the year! We'll be discussing and answering questions about the Levy Graduate Programs in Economic Theory and Policy.

Tomorrow at 12 PM EST -- Attendees will have their application fees waived

connect.bard.edu/register/Lev...

The 6th episode of the Levy Institute Podcast, featuring Senior Scholar Nancy Folbre, interviewed by Aashima Sinha, is now up!

Be sure to check it out on your favorite podcasting platform.

thelevypodcast.podbean.com/e/episode-6-...

TOMORROW: The latest episode of the Levy Podcast sees Scholar Aashima Sinha sitting down with U Mass Amherst Professor and Levy Sr. Scholar Nancy Folbre on integrating care and gender into macroeconomics and rethinking patriarchy’s ties to capitalism.

Stay tuned.
thelevypodcast.podbean.com

While others follow conventional wisdom, the Levy Institute challenges it.

While others cling to defunct theories, we provide the frameworks that become the new standard.

Now, more than ever, we need your support in bringing to life a new economics.

bardian.bard.edu/register/levy

Monetary Policy Transmission to Consumption: Inequalities by Gender and Race – Levy Economics Institute of Bard College Join us Thursday, December 4 at 5 PM for a discussion at Blithewood with Professor Aina Puig. This discussion explores a paper estimating the causal effects of monetary policy shocks...more

Join us this Thurs, Dec 4 @ 5 PM at Blithewood for a talk with Prof. Aina Puig on how monetary policy shocks shape household consumption.

Her findings show contractionary policy hits Black households hardest, with lasting distributional effects.

www.levyinstitute.org/events/event...

It will be! Stay tuned in the coming weeks.

Interested in studying economics in a program that goes against the mainstream grain while shaping the economics of the future?

Join us on Dec 5 at 12 PM EST for an information session on Levy Institute Graduate Programs in Economic Theory and Policy.

connect.bard.edu/register/Lev...

The Institute was pleased to host our inaugural Capitol Hill Series event in Washington this week. We heard from leading scholars discussing the independence of the Federal Reserve.

Moderated by @senojerialc.bsky.social (Financial Times)

Stay tuned for the video proceedings.

Join us today if you're in DC. Food and beverages will be available for attendees after these important discussions.

Be sure to register: connect.bard.edu/register/Lev...

We’re at SUNY New Paltz today!

The Levy Graduate team is connecting with students about how a graduate degree in economics can open new paths for research and policy work.

Catch us next at Bard College on December 10th.