Tag Archives: Target2

   Pubblicato su BRAVE NEW EUROPEThe endless TARGET2 saga Sergio Cesaratto, Eladio Febrero, George Pantelopoulos* TARGET2 imbalances seem to be an endless source of controversy. At the beginning of the last decade, Hans Werner Sinn claimed that T2 imbalances served to fund current account deficits forgetting the responsibility of German mercantilism. Last week Eurointelligence raised the question of presumed onerous interest payments burdening the southern countries with TARGET2...

 The November Lectures in Monetary Theory and Policy: Recent History and Contemporary Issues, given at the Higher School of Economics are now uploaded to Youtube at  https://www.youtube.com/channel/UCgRjyvJG4zZgXj8ThLBGSfg/videos  

 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...

Jean François Ponsot, Jonathan Marie and @NakedKeynesI'm in France for a talk at the Université de Paris XIII, invited by Jonathan Marie and Dany Lang. The Greek crisis looms large in everybody's minds. I gave a talk based on two papers, one published here, and the other (specifically on the Spanish crisis) just finished, which will soon come as a working paper. But I discussed to a great extent the debate between Sergio Cesaratto and Marc Lavoie on the nature of the European crisis, that is,...

Hans Werner Sinn has apost on Project Syndicate which purports to explain why the plans of Greek finance minister Yanis Varoufakis are much cleverer than anyone has realised. I don’t disagree that Mr. Varoufakis’s plans are clever: indeed I have written several posts on Forbes explaining just how clever they are. But Professor Sinn’s explanation, sadly, is very wide of the mark. Here is Professor Sinn’s description of Mr. Varofakis’s strategy: Plan B comprises two key elements. First, there...