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Tag Archives: Europe

Advances in plague research

Few doubt that the mid-fourteenth-century Afro-Eurasian plague pandemic, the Black Death, killed tens of millions of people. In western Asia and Europe, where its spread and mortality are best understood, upwards of 50% of the population is thought to have died within approximately 5 years. …The regionality of the plague’s mortality is particularly underexplored, owing to the availability of written sources and the limits of traditional historical methods. Here we pioneer a new approach, big...

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American Exceptionalism and the Liberal Menace: the US and Ukraine

American exceptionalism is the most dangerous doctrine in the world, and it has been on full display in the current Ukraine crisis. Worse yet, the loudest advocates have been America’s elite liberal class. The doctrine of exceptionalism holds that the US is inherently different from and superior to other nations. That superiority means the US […]

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A crisis made in the USA: why Russia will likely invade Ukraine

Preamble. Living in the US and writing honestly about US-Russia relations (and China too) is very difficult. That is because the US is the aggressor, but Russia is an authoritarian country. That split is used by the US establishment to shuffle discussion away from US aggression on to Russian authoritarianism. Side-by-side, anyone calling the US […]

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On a book by ECB’s economists

An ECB’s Staff Narrative of Two Decades of European Central Banking: a critical review Working Paper n.866 Dicembre 2021Sergio Cesaratto DEPS, USiena Abstract Monetary Policy in Times of Crisis (Rostagno et al. 2021) has three relevant features. The first is its criticism of the absence of an adequate European fiscal policy during the financial crisis. This left the ECB on its own. The second feature concerns the...

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Those Italian subsidies for Germany

Sergio Cesaratto – Those Italian subsidies for Germany December 8, 2021 Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Regulation Italy has paid for certain ill-advised policies of the ECB – influenced by Berlin, the dominant power in Europe – with dozens of points of additional debt/GDP and finding itself ever poorer, while Germany symmetrically gained. Sergio Cesaratto teaches European monetary and fiscal...

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The US and Russia: beware of Neocons and liberals preaching democracy promotion

Every week my e-mail box receives a steady stream of articles aimed at cultivating public animus to Russia. The articles are always wrapped in a narrative in which Russia is a threat to democracy in Ukraine, Eastern Europe, and elsewhere. The effect is to create public support for hardline action (economic and/or military) against Russia. […]

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The hawks’ trick to make Italy fall into a trap

Sergio Cesaratto – The hawks’ trick to make Italy fall into a trap November 3, 2021 Economics, EU politics, EU-Institutions, Finance, National Politics, Regulation The future of European governance is still being discussed, but not in Italy. Italy runs the risk of being trapped in deceptively lenient rules Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union,...

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Affordable electricity Decarbonization in OECD countries? Part I

After eight extensive posts about the Ontario electricity sector, I am expanding my geographic coverage to look at the electricity sectors in selected OECD countries. My focus will be on the historical and relative performance of each country’s sector with respect to decarbonization and prices. As in the case of Ontario, whole volumes could and have been written about each of these countries, and the electricity sector in general, including with respect to current and future reliability...

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Karlsruhe in English

 New Brave Europe ha pubblicato una traduzione dell'intervista al Sussidiario.Sergio Cesaratto – Eurobond: Italy’s move to avoid austerity and debt restructuring Without Eurobonds, Italy risks a debt restructuring accompanied by austerity. The currently planned Recovery Fund is not enough to solve the EU’s problems Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal Policies in the European Monetary Union,...

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