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作者:Thomas I. Palley
来源:[J].European Journal of Economics and Economic Policies, 2018, Vol.15 (1), pp.32-46EE
摘要:Federal Reserve Chairman William McChesney Martin famously declared that the Federal Reserve ‘is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.’ This paper uses the punch bowl metaphor to analyse how the Fed...
作者:Trevor Evans
来源:[J].European Journal of Economics and Economic Policies, 2018, Vol.15 (1), pp.12-31EE
摘要:Since the prolonged recession in 1980–1982 which laid the basis for the emergence of finance-led capitalism in the US there have been four phases of economic expansion. The first three ended with increasingly severe recessions in 1990–1991, 2001 and 2007–2009. The most ...
作者:Sergio Cesaratto
来源:[J].Review of Keynesian Economics, 2018, Vol.6 (2), pp.240-251EE
摘要:Febrero et al. (2018) criticise the balance-of-payments (BoP) view of the European Economic and Monetary Union (EMU) crisis. I have no major objections to most of the single aspects of the crisis pointed out by these authors, except that they appear to underline specific sid...

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