The article discusses the current impasse of the Eurozone in the light of Keynes’s international macroeconomics. In particular, it highlights the main faults that the European macroeconomic framework shares with the gold standard regime, and suggests that Keynes’s global reform plans can be of relevance to devising an alternative.
Keynes, the Eurozone Problem, and the Issue of Policy Space
Mario Cedrini
2019-01-01
Abstract
The article discusses the current impasse of the Eurozone in the light of Keynes’s international macroeconomics. In particular, it highlights the main faults that the European macroeconomic framework shares with the gold standard regime, and suggests that Keynes’s global reform plans can be of relevance to devising an alternative.
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