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This week’s policy decision by ECB is historic. For some time now, a number of economists have suggested that dual interest rates are ..read more
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An ‘Either-Or’ approach to fiscal and monetary policy is mistaken Larry Summers has delivered a pointed and sweeping critique of the ..read more
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Should the government run a budget deficit or a budget surplus? What size should the deficit or surplus be? Devising a rule which allows ..read more
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Drobny 2012 Japan The post Japan debt monetisation (2012) appeared first on Philosophy of Money ..read more
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Only two of the world’s major economic blocks appear to have cyclical autonomy – China and the United States. For many decades now, ..read more
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Three validity claims The German social scientist, Jürgen Habermas, has just turned ninety. It is an odd reflection on our times that he ..read more
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The future of monetary policy – Dual interest rates The significance of dual interest rates remains under-appreciated. The European ..read more
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PM Europe roundtable The post Presentation on dual interest rates appeared first on Philosophy of Money ..read more
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Eurozone growth has stalled and inflation is below the ECB’s definition of price stability. As the recent actions of ECB make clear, ..read more
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The crux of the MMT debate This recent article by Stephanie Kelton is crystal clear and reveals the crux of the ‘MMT debate’. It’s ..read more

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