External Imbalances in the Euro Area
Chen, Ruo, Milesi-Ferretti, Gian-Maria & Tressel, Thierry. The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. Πηγή: IMF πλήρες κείμενο
What’s the use of economics?
Kirman, Alan. The economic crisis has thrown the inadequacies of macroeconomics into stark relief. This column argues that the narrow conception of the macroeconomy as a system in equilibrium is problematic. Economists should abandon entrenched theories and understand the macroeconomy as self-organising. It offers detailed suggestions on what alternative ideas economists can teach their future […]