Levy Economics Institute
Founded in 1986, the Levy Economics Institute of Bard College is a nonprofit, nonpartisan public policy think tank. The purpose of its research and other activities is to enable scholars and leaders in business, labor, and government to work together on problems of common interest. Its findings are disseminated—via publications, conferences, seminars, congressional testimony, and partnerships with other nonprofits—to a global audience of public officials, private sector executives, academics, and the general public. Through this process of scholarship, analysis, and informed debate, the Levy Institute generates effective public policy responses to economic problems that profoundly influence the quality of life in the United States and abroad.
The Levy Institute is housed on the campus of Bard College in Annandale-on-Hudson, New York, located 90 miles north of New York City. Blithewood, a Georgian-style manor at the campus's western edge, is the Institute's main research and conference facility. Designed as a private residence by McKim, Mead and White alumnus Francis L. V. Hoppin, it was completed in 1900. The house and grounds, which includes an Italianate garden overlooking the Hudson River, were incorporated as part of Bard College in 1951.
The Levy Institute has 18 scholars and 50 research associates. Their research focuses on such issues as stock-flow consistent macro modeling, monetary policy and financial structure, financial instability, income and wealth distribution, financial regulation and governance, gender equality and time poverty, and immigration/ethnicity and social structure.
The board of directors includes Leon Botstein, the president of Bard College; Bruce C. Greenwald and Joseph Stiglitz, both of Columbia University; Lakshman Achuthan, managing director of the Economic Cycle Research Institute; Martin L. Leibowitz, managing director of Morgan Stanley; William Julius Wilson of Harvard University; and Dimitri B. Papadimitriou, president of the Levy Institute, Jerome Levy Professor of Economics and executive vice president of Bard College, and managing director of ECLA of Bard.