• Recent Bard economics alums (Juan Bages, Stergios Mentesidis, Ahnaf Khan and Nicolai Eddy) sharing their experiences with current students at a career advising panel organized by alumni and the Career Development Office at Morningstar, World Trade Center, NYC  Sept 2017
  • Simon Simoski '17 presenting his research on household-debt driven growth.  In the fall, he will join the Masters program at the Levy Institute at Bard.
  • Professors Mike Martell, Ani Mitra and Sanjay DeSilva at the annual picnic - May 2017
  • Prof. Pavlina Tcherneva with students at the annual program picnic - May 2017
  • Prof. Olivier Giovannoni, Nathan Reece and Arielle Weiner-Bronner discussing their research poster at the Bard Summer Research Institute 2014.
  • Eva-Marie Quinones '17 (joint economics and global and international studies major) presenting her research on economic factors that enabled the spread of far-right political parties in Western Europe. She will proceed to the Ph.D. program in political science at Yale this fall.
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Program Events


Upcoming Events

The Treaty of Versailles at 100: The Consequences of the Peace

Friday, May 3, 2019


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The Hyman P. Minsky Summer Seminar

Sunday, June 16 – Saturday, June 22, 2019


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Archive of Past Events



Tuesday, February 17, 2009

Candidate for Macroeconomics Position

Room 102

Jeremiah Dittmar

Cities, Institutions, and Growth:
The Emergence of Zipf's Law


Zipf's Law characterizes city populations as obeying a distributional power law and is supposedly an economic universal.  However, this characteristic feature of urban systems only emerged in
Europe between 1500 and 1800.  Moreover, it emerged relatively slowly in Eastern Europe

This paper shows that a modern urban system emerged as international trade and rising agricultural productivity made it possible for big cities to grow as quickly as small cities. It also documents that the laws of the "second serfdom" shaped the peculiar trajectory of urban development in
Eastern Europe. These laws restricted the mobility of tenant farmers, were associated with very large distortions in city growth, and underpinned the economic divergence between Eastern and Western Europe.

Reem-Kayden Center 

Thursday, February 5, 2009

Talk by Macroeconomics Candidate

Room 102

Soon Ryoo

Long Waves and Short Cycles in a Model
of Endogenous Financial Fragility


This paper presents a stock flow consistent macroeconomic model in which financial fragility in firm and household sectors endogenously evolves through the interaction between real and financial sectors. Changes in firms’ and households’ financial practices, which are captured by the debt-capital ratio and the equitydeposit ratio, respectively, produce long waves. The Hopf bifurcation theorem is applied to clarify the conditions for the existence of limit cycles that describe the long waves, and simulations illustrate stable limit cycles. The long waves are characterized by periodic economic crises following long expansions. Short cycles, generated by the interaction between effective demand and labor market dynamics, fluctuate around the long waves.
Reem-Kayden Center 

Friday, January 30, 2009

Bard College to Host Lecture on Impact of Financial Crisis on Developing World

On Friday, January 30, Bard in China presents a lecture by Thomas B. Pepinsky, an assistant professor in the Department of Government at Cornell University. Pepinsky will discuss the impact of the global financial crisis on politics in the developing world, drawing some parallels and distinctions between the current global financial crisis and the Asian financial crisis of the late 1990s. Olin, Room 204