Italy’s Debt Crisis Intensifies
Italy’s government debt yields are rising thanks to a budget standoff with Brussels, and Italian banks are looking more wobbly too.
Read more...Category Archives: Macroeconomic policy
The International Use of the Euro: What Can We Learn From Past Examples of Currency Internationalisation?
European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.
Read more...The Effectiveness of Large-Scale Asset Purchases
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Read more...Marshall Auerback: A Full Employment Economy? What Could Possibly Go Wrong?
Why Trump’s trade deals could wind up being a negative for employment.
Read more...J.D. Alt: Will the Democrats Change the Subject?
Will the Democrats get out of their own way?
Read more...Why Hysteria Over the Italian Budget Is Wrong-Headed
A critique of the bad-model-induced fear-mongering over Italy’s proposed budget deficits
Read more...Italy’s New Fiscal Plans: The Options of the European Commission
What could the European Commission do if it decided to discipline Italy for defying budget rules?
Read more...Randy Wray: Modern Monetary Theory – How I Came to MMT and What I Include in MMT
A short history of MMT and and overview of core principles.
Read more...Joseph Stiglitz and Alexandria Ocasio-Cortez Talk Social and Economic Justice
Alexandria Ocasio-Cortez continues to be in the limelight. Is she getting her political footing yet? And will she live up to her “democratic socialist” brand, or is she getting more cozy than necessary with establishment Democrats?
Read more...Why the Public Debt Should Be Treated as an Asset
Debunking the misconceptions about the role of debt of a currency issuer like the US or UK.
Read more...J.D. Alt: Paying for Hurricanes
A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.
Read more...Why Central Banks Should Not Be Inflation Nutters
Central banks need to stop fighting the last war.
Read more...Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940
An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.
Read more...Victorian Central Banks and the Myth of Independence
Central banks have not always been independent, inflation targeting bodies, and to treat them as such is to obscure their complex histories and alternative institutional constellations.
Read more...The Economy Under Trump: Business Optimism Combined with Inequality
Gerald Epstein dissects the Trump Administration happy talk about the state of the economy.
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