Keynesian vicissitudes

Kundnani, Hans. The first story I covered as a Berlin correspondent for The Observer in 1999 was the resignation of German Social Democrat leader and finance minister Oskar Lafontaine. Lafontaine was seen as a Keynesian and therefore viewed with suspicion by many Anglo-Saxons. A few months before his resignation, The Sun even famously called Lafontaine “the most dangerous […]

Euro needs a reset

Eichengreen,  Barry. Εuropean monetary union requires a reboot but hopes it can happen by the end of the year are misplaced With every day that passes, it becomes harder to deny that Europe’s leap to monetary union was a mistake.  Creating a monetary union without also creating a banking union allowed the continent’s banks to run […]

The Policy Mix and Macroeconomic Adjustment in the Euro Area

Mortensen, Jørgen,  Alcidi, Cinzia.    Against the background of the IMF’s latest global economic forecast, Jørgen Mortensen and Cinzia Alcidi raise questions in a new CEPS Commentary about the timing of the implementation and the effects of the three main categories of economic policy – fiscal, monetary and structural.  Πηγή: CEPS πλήρες κείμενο