- On Capitol Hill
- On Wall Street
- In the Press
- Policy Reform Work
Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
The International Monetary Fund (IMF) is ramping up its collaboration with climate change experts in the academic community - including SCEPA Economist Willi Semmler - to discuss how developing countries can meet the conditions of the United Nation’s Paris agreement.
As the director of SCEPA’s Economics of Climate Change project, which presents expert lectures and original research on the economic effects of climate policies, Semmler was invited to work with the IMF's research and policy teams. Last week, he presented two lectures before the IMF’s Division of Development Macroeconomics on modeling economic growth in the context of climate change and he is co-authoring research with New School PhD candidate Anthony Bonen and IMF staff.
Semmler is the Arnhold Professor of Economics at The New School and co-author of the Oxford Handbook of the Macroeconomics of Global Warming.
The United Nation’s 2016 Paris Agreement, negotiated by 195 countries, creates a framework for keeping global temperatures from rising more than 2 degrees celsius. The next task is determining how to pay for it.
The Paris agreement commits developed countries to a collective goal of $100 billion per year by 2020. The European Commission expects this funding goal to increase thereafter. However, this places the burden of climate change mitigation costs on the shoulders of the current generation. In 2014, economist Jeffrey Sachs proposed financing climate change mitigation through public debt as a means to share costs between current and future generations.
In a new working paper, SCEPA Economist Willi Semmler and his co-authors expand on Sachs’ plan by proposing green bonds as the long-term debt mechanism to balance intergenerational costs. In their model, climate change mitigation investments made through green bonds will yield additional capital in the future, which will in turn generate additional output to repay the green bonds. Low interest rates provide the perfect opportunity to initiate green bonds, allowing current and future generation to finance climate change debt at historically low costs.
SCEPA was proud to support the, "Debating Development," conference on April 22, 2016 on the regional challenges and competing theories behind development economics. The event is co-hosted by The New School's Economic Student Union (ESU) and the Institute for New Economic Thinking's (INET) Young Scholars Initiative (YSI).
1:00pm Introductory remarks by Sanjay Reddy, The New School
Sub-Saharan Africa by Rex McKenzie, Kingston University
Middle East and North Africa by Jennifer Olmstead, Drew University
India and China by Sanjay Ruparelia, The New School
Latin-America by Marcos Vinicius Chiliatto Leite, Inter-American Development Bank
Dependency Theory by Ian Taylor, University of St. Andrews
Classical Political Economy by Anwar Shaikh, The New School
Post-Colonial Theory by LHM Ling, The New School
Law and Development by Jamee Moudud, Sarah Lawrence College
The conference is also supported by The New School Student Senate, The Graduate Faculty Student Senate, ESU, and YSI.