- 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.
On May 3, 2011, Larian Angelo, deputy director of the NYC Office of Management and Budget, presented a lecture entitled "Nothing Fails Like Success: The Problem of Modern Keynesian Policy." Her presentation was part of the spring lecture series on economic recovery hosted by SCEPA and the Economics Department.
Angelo's presentation asks, "What is a Keynesian expected to do when confronted with an exploding economic crisis?" She discusses the two immediate tasks - stabilizing the financial marketshare and stabilizing effective demand - and reviews the effectiveness of the actual policy responses in the form of TARP and the stimulus program. She goes on to discuss policies and recommendations to address the underlying problems that generated the crisis, including:
1. Problems in the distribution of income,
2. Problems in the long run regulation of financial markets created by the presence of new financial instruments,
3. Problems in the architecture of the social safety net, and
4. Problems in the division of labor between national and local government.
Larian Angelo entered public service in 1990 as the first chief economist for the New York City Council. She became Deputy Director for Revenue and was the Council's Finance Director until 2006. During her tenure at the Council she created the Council's first econometric forecasting model and secured passage of the City's Earned Income Tax Credit. She also initiated a partnership between the City's science-oriented cultural institutions and the Department of Education to create the Urban Advantage program, an experiential learning program for science education. In April 2006 she became Deputy Director at the Mayor's Office of Management and Budget where her responsibilities include education, intergovernmental issues and community boards.
Prior to her work with the New York City Council she was the research director for the United Electrical Radio and Machine workers union. She received her PhD. In economics from the New School for Social Research (1990) and has published in on labor market issues in New York City and regional economic development in the American South.
On April 26, 2011, Ron Blackwell, chief economist for the AFL-CIO, gave a presentation called "Recover, Rebalance and Rebuild: A Labor Perspective on Job Creation." His presentation was part of the spring lecture series on economic recovery hosted by SCEPA and the Economics Department.
Blackwell is part of a collaborative effort entitled: Exiting From the Crisis: Towards a Model of More Equitable and Sustainable Growth. The book is a compilation of articles from economists focused on how to move forward after the financial crisis. Instead of returning to the "business as usual" approach, the authors offer alternatives to the challenges facing governments. Specifically, they address how to ensure citizens' well-being and address those who have become increasingly distrustful of banks, corporations and government officials. The book offers models of growth and suggestions for regulation and taxation, including articles on the economic challenges facing Europe, Africa, Asia, Latin America.
New York City Comptroller John Liu released a report, Municipal Employee Compensation in New York City, comparing the pay of NYC government workers and private sector workers that sets the record straight.
Although there has been much debate over the level of compensation, with public workers portrayed as a privileged class that enjoys an inequitable amount of pay and benefits, the report documents that New York City municipal employees are paid 17% less on average than their NYC private sector, for-profit counterparts. In addition, New York City employees are better educated, on average, than their private sector peers. Forty-nine percent of City workers have a bachelor's degree or higher, compared to 41% of those employed in New York's private for-profit sector.