Author Archives: Dr. Dirk Ehnts

Steve Keen, Secular Stagnation and Thoughts on IS-LM

Steve Keen has produced a nice little article on secular stagnation as an explanation of the crisis, as brought up by Larry Summers and then endorsed by Paul Krugman, and its clash with the theory of endogenous money. Continue reading

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Why Doesn’t IMF Track Inflation for the Eurozone?

IMF Says Inflation Likely to Remain Stable – What About the Eurozone? by Dirk Ehnts, Econoblog101 The latest IMF Survey has this to say: Inflation barely budged during Great Recession despite rising unemployment Independent central banks reduce risk that policies … Continue reading

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An Exchange Rate Myth Puzzles the Financial Times

The Chinese yuan recent high against the dollar – a puzzle for the FT? A Very Brief Lesson in Sovereign Currencies 101 by Dirk Ehnts, Econblog 101 The Financial Times reported 12 October 2012: The renminbi has jumped to its … Continue reading

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The U.S. China Economic and Security Review Commission 2011 Annual Report to Congress

by Dirk Ehnts The U.S.-China Economic and Security Review Commission released its 2011 Annual Report to Congress on November 16, 2011.Below I discuss some paragraphs where I think the authors are mistaken in their beliefs. China’s foreign currency reserves are … Continue reading

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Why Financing is not Saving: Fable of the Breads

by Dirk Ehnts I must admit that it took me some time to understand this:  financing is not saving. You may finance all sorts of things, and savings are not a necessary part of this story.  The reason why this … Continue reading

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