What stops public debt being monetised to avoid the pain of prolonged austerity after the pandemic? An obsolete economic theory of ‘credibility’.
Social Europe articles on the economy
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The financial system has turned credit intermediation into a debt mint.
The EU is reconsidering its approach to deforestation and palm oil. This could be a good thing.
Support for companies amid the pandemic must come with social and ecological strings attached.
With some bailed out companies continuing to pay dividends, the focus should shift to making big corporations contribute to the cost of recovery.
The most urgent policy priorities have been obvious since the beginning, but they will require hard choices and a show of political will.
With governments spending on a massive scale to mitigate the economic fallout from Covid-19, they should be positioning their economies for a more sustainable future.
Europe needs to do more at federal level if a recovery plan is to be successful.
Europe needs a green industrial recovery strategy to exit the pandemic.
Why would affluent northern-European taxpayers want to pour money into an Italian economy that is a basket-case? Except it isn’t.
Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.
Peter Bofinger warns especially German inflation-phobes that deflation is a greater downside risk in the aftermath of the pandemic.