Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area

Autor:	Hein Eckhard, Detzer Daniel
Jazyk:	English<br />French
Rok vydání:	2015
Předmět:	differential inflation rates current account imbalances competitiveness Euro area economic policies Economic theory. Demography HB1-3840
Zdroj:	Panoeconomicus, Vol 62, Iss 2, Pp 217-236 (2015)
Druh dokumentu:	article
ISSN:	1452-595X 2217-2386
DOI:	10.2298/PAN1502217H
Popis:	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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/4786970ea16b4c7a89c83616880e64ae Zobrazit plný text záznamu View record in DOAJ