Hopner’s neo-classical view of the euro crisis

Martin Höpner is head of a research group at the MPIfG (Max-Planck Institut for society studies). The research group is titled ‘political economy of European integration’. I read a short article by him (here)

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.

Keynes and the Europeans: Similarities of ICU and EMU

by Dirk Ehnts, Econoblog101 The International Clearing Union (also called Bancor plan) that Keynes proposed at the Bretton Woods conference has received some renewed interest over the years, culminating in the EMU’s macroeconomic imbalance procedure which is at least partly based on the ideas of Keynes. Countries with deficits higher than 4% of GDP or …

Central Banks are Directly Changing Income Distribution

The Supply-side, Demand-side Keynesian Split by Dirk Ehnts, Econoblog101 The fact that quantitative easing (QE) leads to a distribution of wealth has been the topic of a recent McKinsey paper, which includes the following graph: