Eurobonds are needed to anchor macroeconomic stability and offer a safe path out of the coronavirus storm.
Columns & Interviews
Eurobonds: why they are needed, how they would work
By Einstein’s purported definition, madness would be repeating the errors of the eurozone crisis and expecting a different outcome—eurobonds would break with that.
Capitalism’s triple crisis
After the 2008 financial crisis, we learned the hard way what happens when governments flood the economy with unconditional liquidity, rather than laying the foundation for a sustainable and inclusive recovery.
Covid-19 crisis makes clear a new concept of ‘worker’ is overdue
The crisis has highlighted the vulnerability of those outside conventional employment. A broader concept of ‘worker’ is needed to protect them equally.
Capitalism’s mirror stage: artificial intelligence and the quantified worker
As AI enters the workplace, we need to reflect upon the criteria by which human work is evaluated and human subjectivity depicted.
Designing AI tools to benefit workers
Continuing our series on artificial intelligence, AI can augment human work—if workers’ representatives have a voice in implementing it.
Only a ‘New Deal’ can rescue the European project
If the European project is to survive it requires a plan on the scale of Roosevelt’s New Deal.
Combating Covid-19 and climate change—one fight
The same socially oriented approach must be taken to defeat the coronavirus and, over the longer run, stop climate catastrophe.
How his ‘Brexit’ project explains Johnson’s dithering on Covid-19
Paul Mason explains how Boris Johnson’s idiosyncratic initial response to the coronavirus stemmed from his particularistic empire nostalgia.
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Gabriel Zucman: tackling inequality
Friederike Otto: How is Climate Change affecting our Weather?
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Blogs
Austrian short-time work model: a labour-market policy for the many, not the few
Job retention plus well-compensated short-time work is better for employers as well as employees than redundancy. Maybe after the crisis we can reopen the debate about working time.
Households failed to absorb massive job loss during economic crisis
Vulnerable households bore the brunt of the job loss caused by the Great Recession and are ill-prepared to weather the gathering economic storm.
Reforming Europe’s fiscal rules
Why do the Maastricht criteria compare budget deficits and public debt with GDP rather than budget revenues? That’s a good question.
Coronavirus crisis: now is the hour of Modern Monetary Theory
Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge
The minimum wage in Germany five years on
When the minimum wage was introduced in Germany in 2015, there were febrile forecasts of huge job losses. These have proved minimal—while incomes and consumption have benefitted.
Fears and hopes around future minimum wages
The proposal by the European Commission to legislate on fair EU minimum wages has excited contrasting attitudes among trade unions in member states.
Time is ripe for a new ECB strategy
It’s not so much that what the European Central Bank is doing is wrong as that it is not framing public understanding. The next ECB strategy, writes Peter Bofinger, should do so.
