From 16 to 21 June 16 2025, Dr Sarabjeet Dhody Natesan, Associate Professor of Economics, SIAS participated in the Levy Economics Institute’s Summer Seminar at Bard College, New York. This immersive programme focused on Modern Monetary Theory (MMT), financial instability, and heterodox macroeconomic policy.
The seminar, organised by the Levy Economics Institute and led by Professors Pavlina Tcherneva and L. Randall Wray, gathered an international group of scholars and academics for a week of intense lectures, workshops, and collaborative research. During this time, participants had the privilege of engaging with distinguished thinkers like James K. Galbraith, Randall Wray, and Fadhel Kaboub, as well as prominent researchers including Scott Fullwiler, Yan Liang, Yeva Nersisyan, Ndongo Samba Sylla, and Rohan Grey.
The topics covered were diverse and complex, ranging from Minskyan approaches to financial fragility and stock-flow consistent modeling to exploring monetary sovereignty in the Global South. The participants also discussed the practical applications of Job Guarantee Schemes, public provisioning, ecological finance, industrial policy, and effective policy responses to the fractured global order. The programme offered a comprehensive blend of theoretical insights and practical policy solutions rooted in Keynesian and post-Keynesian frameworks.
The seminar also coincided with the 32nd Annual Levy Conference, which provided a valuable space to address urgent global challenges—from climate transitions to structural inequality.
This was a thoughtfully designed space for learning and collaboration, furthering our understanding of how macroeconomics intersects with public policy in meaningful and impactful ways.