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Dimitri B. Papadimitriou
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Dimitri B. Papadimitriou is president of the Levy Economics Institute of Bard College, and executive vice president and Jerome Levy Professor of Economics at Bard.

He was a distinguished scholar at the Shanghai Academy of Social Sciences (PRC), has testified in hearings of Senate and House of Representatives Committees of the U.S. Congress, was vice-chairman of the Trade Deficit Review Commission of the U.S. Congress, and was a member of the Competitiveness Policy Council's Subcouncil on Capital Allocation.

His research includes financial structure reform, fiscal and monetary policy, community development banking, employment policy, and distribution of income, wealth, and well-being. He is the author or coauthor of numerous articles relating to Federal Reserve policy, fiscal policy, financial structure and stability, employment growth, and Social Security reform. An editor or contributor to 13 books published by Palgrave Macmillan, Edward Elgar, and McGraw-Hill, he is a member of the editorial boards of the Journal of Economic Analysis, Challenge, and the Bulletin of Political Economy. Most recently, he is co-author/editor of The Elgar Companion to Hyman Minsky.

Papadimitriou is a graduate of Columbia University and received a Ph.D. in economics from the New School for Social Research.

Entries by Dimitri B. Papadimitriou

Greek Debt: Do the Right Thing

(4) Comments | Posted March 18, 2015 | 3:57 PM

"Greece's government and people have indulged in excesses and corruption; now it is time to pay the price." The argument for full repayment of Greece's debt is well known, easily understood, and widely accepted, particularly in Germany. Sacrifice, austerity and repayment are righteous, fair, and just.

That view is...

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Hello 2015. Goodbye Austerity?

(0) Comments | Posted January 8, 2015 | 5:02 PM

Greece is facing front, looking towards the new year and the upcoming January elections. But it would be foolish not to learn from a look backwards, as well.

At the Athens economics conference, Europe At The Crossroads, the participants were a diverse collection of policymakers, overflowing with...

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Are EU Bankers Trying to Increase Unemployment in Greece?

(0) Comments | Posted August 21, 2014 | 11:42 AM

Do European lenders want unemployment to keep rising in Greece?

It looks that way. The commitment to economic austerity policies by the "troika" - the European Central Bank, the European Commission, and the International Monetary Fund - hasn't wavered. Meanwhile, the country's unemployment rate has soared to yet another...

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The Jobs-Currency Connection in Greece

(1) Comments | Posted March 25, 2014 | 2:14 PM

Negotiations between the Greek government and its international lenders were finally resolved last week, after seven long months. In January, Prime Minister Antonis Samaras made a celebratory announcement projecting a small, 2013 primary budget surplus of 1.5 billion euros. Also recently announced: European Union co-funding for a long-delayed 7.5 billion...

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Coming Soon: Another London Whale Shocker?

(3) Comments | Posted June 18, 2013 | 7:03 PM

Remember last summer? The London Whale, that blockbuster adventure thriller, triggered one chill after another as the high-risk action at JPMorgan Chase was revealed. Today, the threats posed by megabanks remain just below the surface -- no crisis at the moment -- but they're equally dangerous. A major sequel this...

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Legends of the Greek Fall

(7) Comments | Posted February 20, 2013 | 4:47 PM

Why has the world's premiere deficit-reduction laboratory produced such a dismal failure? European leadership still expects the painful über austerity measures imposed on Greece to result in a dramatic improvement of its debt to GDP ratio. But the experiment in endurance is not succeeding for an important reason: Austerity programs...

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Fiscal Cliff: Reality Show or Morality Play?

(5) Comments | Posted November 6, 2012 | 3:18 PM

The gruesome package of spending cuts and tax increases scheduled for December 31 was dubbed the "Fiscal Cliff' by Federal Reserve Chairman Ben Bernanke. It's apparent why the phrase caught on. Less understandable is the urge to jump into equally dangerous policy options.

Virtually all of Washington is unhappy...

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Dodd-Frank: Fossil of the Future?

(24) Comments | Posted July 22, 2012 | 5:15 PM

There's a sad truth about the fate of financial regulation: It's almost certain to be outmoded by the time it's introduced. This was as true of Glass-Steagall in 1933 as it is of Dodd-Frank today.

This month we begin the third year since the Dodd-Frank Wall Street reform act...

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Greece: How to Slow the Nosedive

(19) Comments | Posted February 9, 2012 | 2:36 PM

The latest negotiations between Greece and its lenders have ended, at least momentarily. Athens has agreed to endure ever-more painful pension, spending, and wage cuts, with monthly minimum salaries dropping 20 percent. The powerful leaders of 'the troika' -- the International Monetary Fund, the European Union, and the European Central...

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Endgame for the Euro

(40) Comments | Posted September 18, 2011 | 2:16 PM

The grand experiment of a unified Europe with a shared common currency has entered its endgame. If the current trajectory continues, the disintegration of the euro is inevitable. It's certainly not too early to ask: What would a post-euro Europe look like... and what are the alternatives?

Athens is, of...

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