Macroeconomics

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

Effective and quick federal policy response is critical to create conditions for a quick recovery.

Incomes Destroyed at the Bottom, Profits Supported at the Top

If the European Central Bank does not jump to the aid of peripheral countries weakened by the pandemic, the Eurozone could collapse.

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution

Without new economic thinking, macro policy will retain its deflationary biases and secular stagnation remains the ‘normal’.

This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.

The European Commission, the European Central Bank, and the IMF are the continent’s austerity police

A critique of Mankiw’s Macroeconomics

The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.

Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?

National States and Conflicting Economic Priorities in the Making of the European Monetary System

This paper analyzes the early stages of the formation of the Common Market.

This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System.