Bulletin n. 1/2013
June 2013
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Schiaffino, Pablo
    A comment on the European Central Bank solution vs. the Keynes solution
    in Journal of Post Keynesian Economics , volume 35 n.3 ,  2013 ,  457-62
    In this paper, I discuss something obvious, and to show something obvious—at least in this case—there is no need to apply sophisticated theoretical models or fancy empirical techniques. I argue that the actual European Central Bank solution for the European countries in crisis is very far from what I call—paraphrasing Davidson—the Keynes solution. This crucial difference between the two solutions does not imply opposite ideological policies, but a severe problem that leads to a more profound crisis based on a deflation-debt problem and long-term unemployment.
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