Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area
In this paper we outline alternative post-Keynesian policy recommendations addressing the problems of differential inflation, divergence in competitiveness and associated current account imbalances within the Euro area. We provide a basic framework in order to systematically address the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economists' Association of Vojvodina
2015-01-01
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| Series: | Panoeconomicus |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2015/1452-595X1502217H.pdf |
| _version_ | 1819101254493667328 |
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| author | Hein Eckhard Detzer Daniel |
| author_facet | Hein Eckhard Detzer Daniel |
| author_sort | Hein Eckhard |
| collection | DOAJ |
| description | In this paper we outline alternative post-Keynesian policy recommendations
addressing the problems of differential inflation, divergence in
competitiveness and associated current account imbalances within the Euro
area. We provide a basic framework in order to systematically address the
related issues making use of Anthony P. Thirlwall’s (1979, 2002) model of a
“balance-of-payments-constrained growth rate” (BPCGR). Based on this
framework, we outline the required stance for alternative economic policies
and then we discuss the implications for alternative monetary, wage/incomes
and fiscal policies in the Euro area as a whole, as well as the consequences
for structural and regional policies in the Euro area periphery, in
particular. |
| first_indexed | 2024-12-22T01:15:45Z |
| format | Article |
| id | doaj.art-4786970ea16b4c7a89c83616880e64ae |
| institution | Directory Open Access Journal |
| issn | 1452-595X 2217-2386 |
| language | English |
| last_indexed | 2024-12-22T01:15:45Z |
| publishDate | 2015-01-01 |
| publisher | Economists' Association of Vojvodina |
| record_format | Article |
| series | Panoeconomicus |
| spelling | doaj.art-4786970ea16b4c7a89c83616880e64ae2022-12-21T18:43:52ZengEconomists' Association of VojvodinaPanoeconomicus1452-595X2217-23862015-01-0162221723610.2298/PAN1502217H1452-595X1502217HPost-Keynesian alternative policies to curb macroeconomic imbalances in the Euro areaHein Eckhard0Detzer Daniel1Berlin School of Economics and Law, Institute for International Political Economy, Berlin, GermanyBerlin School of Economics and Law, Institute for International Political Economy, Berlin, GermanyIn this paper we outline alternative post-Keynesian policy recommendations addressing the problems of differential inflation, divergence in competitiveness and associated current account imbalances within the Euro area. We provide a basic framework in order to systematically address the related issues making use of Anthony P. Thirlwall’s (1979, 2002) model of a “balance-of-payments-constrained growth rate” (BPCGR). Based on this framework, we outline the required stance for alternative economic policies and then we discuss the implications for alternative monetary, wage/incomes and fiscal policies in the Euro area as a whole, as well as the consequences for structural and regional policies in the Euro area periphery, in particular.http://www.doiserbia.nb.rs/img/doi/1452-595X/2015/1452-595X1502217H.pdfdifferential inflation ratescurrent account imbalancescompetitivenessEuro area economic policies |
| spellingShingle | Hein Eckhard Detzer Daniel Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area Panoeconomicus differential inflation rates current account imbalances competitiveness Euro area economic policies |
| title | Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area |
| title_full | Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area |
| title_fullStr | Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area |
| title_full_unstemmed | Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area |
| title_short | Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area |
| title_sort | post keynesian alternative policies to curb macroeconomic imbalances in the euro area |
| topic | differential inflation rates current account imbalances competitiveness Euro area economic policies |
| url | http://www.doiserbia.nb.rs/img/doi/1452-595X/2015/1452-595X1502217H.pdf |
| work_keys_str_mv | AT heineckhard postkeynesianalternativepoliciestocurbmacroeconomicimbalancesintheeuroarea AT detzerdaniel postkeynesianalternativepoliciestocurbmacroeconomicimbalancesintheeuroarea |