Tag Archives: Europe

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 […]

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...

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...

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. […]

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,...

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...

 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,...

 Recensione su Brave New Europe Grazie Mat! Heterodox Challenges in Economics by Sergio Cesaratto February 24, 2021  Book Review by Mathew D. Rose I never thought that I would describe an economics book as “a delightful read”, but “Heterodox Challenges in Economics” by Sergio Cesaratto is exactly that. It is well written, often entertaining and humorous, and explains a great deal about political economy, which is then applied in an analysis of the...

Pubblicato da Brave New Europe, a breve la versione italiana. Sergio Cesaratto – The Next EU Degeneration February 2, 2021 Austerity, Economics, EU politics, EU-Institutions, Finance, Inequality, National Politics, Neo-Liberalism in the EU, Regulation, Solutions The Next Generation EU programme is full of pitfalls for many EU nations, as here in Italy. Sergio Cesaratto is Professor of Growth and Development Economics and of Monetary and Fiscal...

Just doing the local rounds and reading. One of three writers over at Naked Capitalism had this up on a small way escape the boredom of Covid.  It is more than just a promotion about chocolate and it does make you smile. When I was working in Riethim-Weilheim area of Germany near Tuttligen, on the weekend I would drive into Switzerland to a  Chocolatier in Schaffhausen and buy a nice box of chocolates to share with my German associates and then wander...