Lien Pham (Quantitative Easing, Honors); Yiqi Liu (Full-Reserve Banking, Independent Study); Layla Thomas (Bank Supervision, Hackman Scholar, Research Assistant); Pedro de Almeida (Bank Supervision, Research Assistant); Akshay Mehra (Special Impact Bonds, Independent Study); Niriksha Shetty (the Eurozone Crisis, Honors); Arya Bhattarai (Credit Crunches, LEC collaboration).
Yeva Nersisyan Associate Professor of Economics, Department Chair of Economics
Education
B.A., Yerevan State University (Yerevan, Armenia)
M.A., University of Missouri-Kansas City
Ph.D., University of Missouri-Kansas City
Teaching
ECO 103: Introduction to Economic Perspectives
ECO 201: Intermediate Macroeconomics
ECO 231: Money and Banking
ECO 244: Women in the Economy
ECO 275: Money and Economics Policy
ECO 315: Macroeconomic Stability
Publications
Research Scholar at the Levy Economics Institute
Peer-Reviewed Journal Articles
Does the national debt matter? (with L. Randall Wray) The Japanese Political Economy, 46(4), 2020.
鈥淩esponse to 鈥淎 Note on 鈥楻ethinking Liquidity Creation: Banks, Shadow Banks and the Elasticity of Finance鈥欌 (with Flavia Dantas), Journal of Post Keynesian Economics 41(4), 2018.''Cranks and Heretics: The importance of an Analytical Framework'' (rejoinder), Cambridge Journal of Economics, Vol. 41, Issue 6, November 2017, (with L. Randall Wray).
''Rethinking Liquidity Creation: Banks, Shadow Banks and the Elasticity of Finance'', Journal of Post Keynesian Economics, Vol. 40, Issue 3, 2017 (with Flavia Dantas).
鈥淢odern Money Theory and the Facts of Experience鈥, Cambridge Journal of Economics, Volume 40, Issue 5, September 2016 (with L. Randall Wray).
鈥淭he Repeal of the Glass-Steagall Act and the Federal Reserve鈥檚 Extraordinary Intervention during the Global Financial Crisis鈥, Journal of Post Keynesian Economics, Volume 37, Issue 4, July 2015: 545-67.
鈥淭he Global Financial Crisis and the Shift to Shadow Banking鈥, European Journal of Economics and Economic Policies, 7(2), November 2010: 377-400 (with L. Randall Wray).
Articles in Edited Volumes and Encyclopedia Entries
Sovereign nations face resource constraints, not financial constraints (with L. Randall Wray) in L. Randall Wray and the Gower Initiative for Modern Money Studies (eds), Modern Monetary Theory: Key Insights, Leading Thinkers, Edward Elgar Publishing, 2023.
Financing the Green New Deal: The Modern Monetary Theory Approach in K. Tienhaara and Joanna Robinson (eds.), The Routledge Handbook on the Green New Deal, Routledge, 2022.
Costing the Green New Deal in the United States: A Modern Money Theory Approach (with L. Randall Wray) in N. Karagiannis and John King (eds.), Visions and Strategies for a Sustainable Economy, Palgrave Macmillan, 2022.
Biden's build back better proposal and the future of secular stagnation (with L. Randall Wray) in F. Dantas and L. Randall Wray (eds.), Handbook of Secular Stagnation, Academic Press, 2022.
''Money and the Issues of the Age: The Nature of Money and Post-Crisis Proposals for Reform鈥欌 in Nelms, T. and David Pedersen (eds.), A Cultural History of Money, Bloomsbury Publishing, 2019.
鈥淎lternative Theories of Money and Macroeconomic Policy鈥 in Jacobs M. And Mariana Mazzucato (eds.), Rethinking Capitalism: Economic Policy for Sustainable and Equitable Growth. Wiley-Blackwell, August 2016 (with L. Randall Wray).
鈥淯niversal Job Guarantee Program: Towards True Full Employment鈥 (with L. R. Wray), in Robert Rycroft, (ed.), The Economics of Inequality, Poverty and Discrimination in the 21st Century, March 2013.
鈥淢oney Manager Capitalism鈥, in John King, (ed.), The Elgar Companion to Post-Keynesian Economics, 2012.
鈥淚s the U.S. on an Unsustainable Path? Lessons from the Past as Detailed by Reinhart and Rogoff鈥 (with L. Randall Wray) in Onaran, O., Torsten Niechoj, Engelbert Stockhammer, Achim Truger, and Till van Treeck (eds.) Stabilizing an Unequal Economy? Public Debt, Financial Regulation, and Income Distribution. Metropolis. Marburg, October 2011.
鈥淎 Review essay of This Time is Different, by Reinhart and Rogoff鈥 (with L. Randall Wray), Challenge Magazine, January-February 2011.
"Shadow Banking Systems", entry in 鈥淏ooms and Busts: An Encyclopedia of Economic History from Tulipmania of the 1630s to the Global Financial Crisis of the 21st Century鈥 (James Ciment, ed.), M.E. Sharpe, August 2010.
鈥淭he Transformation of the Financial System: Financialization, Concentration and the Shift to Shadow Banking鈥 (with L. Randall Wray) in D. Tavasci and Jan Toporowski (eds.), Minsky, Crisis and Development, Palgrave Macmillan, August 2010.
Published Policy Notes and Policy Briefs
鈥淯n exc猫s de dette publique handicape-t-il r茅ellement la croissance?" (with L. Randall Wray), Revue de l'OFCE, 2011/1 n掳 116.
鈥淓ndgame for the Euro? Without major restructuring, the Eurozone is doomed鈥 (with Dimitri Papadimitriou and L. Randall Wray), Public Policy Brief No. 113, Levy Economics Institute, July 2010.
鈥淭he Trouble With the Pensions: Towards an Alternative Policy to Support Retirement鈥 (with L. Randall Wray), Public Policy Brief, Levy Economics Institute, March 2010.
Content
Presentations
2022: Allied Social Science Association Conference; Veblen-Commons Award Introduction for L. Randall Wray at ASSA; Gettysburg College (invited); OSUN-EDI Summer Workshop (invited); (invited); AFEP Conference in Amiens, France; MMT Summer School, Universidad Aut贸noma de Madrid (invited); Alternative Monetary Theories Summer School, Vienna, Austria (invited); 2nd MMT summer School in Poznan, Poland (invited).
2021: Allied Social Science Association Conference; (invited), Clers茅/University of Lille (invited), OSUN-EDI Workshop (invited); invited,)
2020: Allied Social Science Association Conference
2019: Second Heterodox Economics Conference, Universidad Nacional de Colombia, Bogota,
Colombia (invited); New Deals in Europe and America, the LBJ School of Public Affairs, University of
Texas at Austin (invited); The 3rd Modern Money Theory Conference, Stony Brook University, Long Island, NY (invited); Association Fran莽aise D鈥橢conomie Politique (AFEP) Conference, Lille, France; European
Society for the History of Economic Thought (ESHET) Conference, Lille, France.
2018: Financialisation and the Future of Money, 1st workshop of the Politics of Money Network, University of Sussex, Brighton, UK (invited); 鈥淢insky鈥檚 Money Manager Capitalism,鈥 the 2018 Hyman P. Minsky Summer Seminar, Levy
Economics Institute (invited).
2017: Eastern Economic Association Annual Conference; STOREP Conference; Modern Money
Theory Conference
2015: Association for Evolutionary Political Economy Annual Conference
2014: Workshop on Improving the Governance of the Government Safety Net in Financial
Crises, Ford Foundation funded research, Levy Economics Institute (Invited); School
of Graduate Studies, Universidad National Aut贸noma de Mexico, Mexico City (2 presentations,
invited); Allied Social Science Association Annual Conference (Discussant).
2013: Research Network Macroeconomics and Macroeconomic Policies Annual Conference
(Berlin); University of the Basque Country Annual Conference on Developments in Economic
Theory and Policy (Bilbao, Spain); Eastern Economic Association Annual Conference;
Workshop on Improving the Governance of the Government Safety Net in Financial Crises,
Ford Foundation funded research, University of Missouri-Kansas City.
2011: Post Keynesian Conference at Roskilde University (Denmark); Workshop on Improving
the Governance of the Government Safety Net in Financial Crises, Ford Foundation,
NYC (Invited).
2010: Allied Social Science Association Conference (Denver, CO); Annual Minsky Conference,
Levy Economics Institute (Annandale-on-Hudson, NY); University of Missouri-Kansas
City Department of Economics Monthly Money Seminar.
2009: Asian Development Bank Research Workshop (invited, Almaty, Kazakhstan); Research
Network on Macroeconomics and Macroeconomic Policies Annual Conference (Berlin); University
of Missouri-Kansas City, Economics Dept. Monthly Money Seminar
Media and Podcasts
(with Dean Baker, July 15, 2022)
The Rabbithole Podcast (March 30, 2022)
The MMT Podcast with Patricia Pino & Christian Reilly (March 16, 2022)
, op-ed, The Hill (March 10, 2022)
, Macro and Cheese Podcast (February 26, 2022)
, op-ed, The Guardian (April 17, 2020)
", Project Syndicate (April 20, 2020)
Student Collaborations