The Levy Economics Institute of Bard College Welcomes Pavlina R. Tcherneva as New President

ANNANDALE-ON-HUDSON, N.Y.— The Levy Economics Institute of Bard College has appointed Pavlina R. Tcherneva as its next president, succeeding Dimitri B. Papadimitriou, who has held the role since its founding in 1986.

“After 38 years as president of the Levy Institute, the time has come to pass the baton to the new generation,” Papadimitriou announced. “I can think of no one better than Pavlina to lead the Levy Institute into its next phase of development in exploring solutions to the economic challenges that lie ahead.” Papadimitriou will remain at the Institute as president emeritus and senior scholar.

Tcherneva, who first joined the Levy Institute in 1997 as a forecasting fellow, has been a scholar at the Institute since 2007, specializing in modern money and public policy. She is a professor of economics at Bard College and founding director of the Bard-OSUN Economic Democracy Initiative. Her book The Case for a Job Guarantee (Polity 2020), one of the Financial Times economics books of 2020 and published in nine languages, is a timely guide to the benefits of one of the most transformative public policies being discussed today.

“I am honored and energized to take this new role and am grateful to Dimitri Papadimitriou for building a world-class institution that has influenced economic policy in the US and abroad. I am especially excited to support the work of my colleagues whose research has placed the Levy Institute among the most-cited non-profits in the world,” stated Tcherneva. “My mission is clear: to continue to curate cutting-edge research, grow our graduate programs, and amplify the Institute's impact on policy. We have produced some of the most influential work on financial instability, money, inequality, gender, and employment policy and we will continue to make these impacts and expand the Institute's reach.”

She added, “Our work matters. Financial markets crash. Mainstream theories fail. At the Levy Economics Institute, we will continue to do what we do best: make sense of the senseless, find patterns in the chaos of global economics, and produce actionable policies for a safe, sustainable, and stable economy.”

Since 1986, the Levy Institute and its scholars have reinvigorated heterodox economics, with contributions to macroeconomic theory, modeling, and policy targeting financial and economic stability for the US economy and the rest of the world. The Levy Institute has also developed a distinct research program on the distribution of income and wealth featuring two measures of economic well-being (LIMEW) and time and income poverty (LIMTIP) that will help shift official measures of living standards in the years ahead; is one of few institutions with a focus on gender equality and the economy; and has graduated scholars from its MA and MS degree programs in Economic Theory and Policy, who go on to play significant roles in economic think tanks, international organizations, governments, and the world of finance.
About Pavlina R. Tcherneva
Institute President Pavlina R. Tcherneva is a professor of economics at Bard College and founding director of the Bard-OSUN Economic Democracy Initiative. She specializes in modern money and public policy. She previously taught at Franklin and Marshall College and the University of Missouri–Kansas City. During 2000–6, she served as the associate director for economic analysis at the Center for Full Employment and Price Stability. In the summer of 2006, she was a visiting scholar at the University of Cambridge Centre for Economic and Public Policy, UK. She first joined the Levy Economics Institute in 1997 as a forecasting fellow and became a research associate in 2007.

Tcherneva’s book The Case for a Job Guarantee (Polity 2020) is a timely guide to the benefits of one of the most transformative public policies being discussed today, recognized by the Financial Times in 2020 and published in nine languages. Her early work assessed Argentina’s adoption of a similar large-scale job creation proposal she had developed with colleagues in the United States. Tcherneva has collaborated with experts from the United Nations Human Rights Council, the International Labor Organization, members of the European Parliament, as well as policy makers from the United States and abroad on designing and evaluating employment programs. She also worked with the Sanders 2016 Presidential campaign after her research on inequality had garnered national attention. In 2020, she was invited to serve on the Biden-Harris economic policy volunteer committee, during their Presidential run.

Her areas of research include monetary and fiscal policy coordination, the Bernanke doctrine, and policy responses during the 2008 and 2020 COVID-induced economic crises. Her research has appeared in the Eastern Economic Journal, Review of Social Economy, Journal of Post Keynesian Economics, Journal of Economic Issues, International Journal of Political Economy, Revista de Economía Crítica, Revue Européenne du droit, and other journals and book volumes.

She is the coeditor of Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey (Edward Elgar 2004), a rare collection of writings on employment and inflation by the Nobel Prize–winning economist, adapted for the modern day. In 2012, Tcherneva received the Association for Social Economics’ Helen Potter Prize for the best paper in the Review of Social Economy.

Tcherneva is a two-time grantee from the Institute for New Economic Thinking for her work on rethinking fiscal policy, job creation, and public goods provisioning. She holds a BA in mathematics and economics from Gettysburg College and an MA and a Ph.D. in economics from the University of Missouri–Kansas City.


About the Levy Economics Institute
The Levy Economics Institute of Bard College, founded in 1986 through the generous support of the late Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.


About Bard College
Founded in 1860, Bard College is a four-year, residential college of the liberal arts and sciences located 90 miles north of New York City. With the addition of the Montgomery Place estate, Bard’s campus consists of nearly 1,000 parklike acres in the Hudson River Valley. It offers bachelor of arts, bachelor of science, and bachelor of music degrees, with majors in more than 40 academic programs; graduate degrees in 13 programs; eight early colleges; and numerous dual-degree programs nationally and internationally. Building on its 163-year history as a competitive and innovative undergraduate institution, Bard College has expanded its mission as a private institution acting in the public interest across the country and around the world to meet broader student needs and increase access to liberal arts education. The undergraduate program at our main campus in upstate New York has a reputation for scholarly excellence, a focus on the arts, and civic engagement. Bard is committed to enriching culture, public life, and democratic discourse by training tomorrow’s thought leaders. For more information about Bard College, visit bard.edu.

This event was last updated on 07-09-2024

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