The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of...

Current account imbalances within the eurozone are at the roots of its economic crisis. We argue that, though relevant, emphasis should shift from competitiveness to differential rates of growth of domestic demand as its chief explanatory factor. Euro core countries have experienced a shortage...

Starting from the view that the crises in the euro zone were basically triggered by financial markets and reinforced by a lack of instruments for effective economic policy at the EMU level (Economic and Monetary Union), this working paper contributes to the ongoing debate on how to reform the...

This paper aims to use a Taylor Rule to characterise the monetary policy applied by the ECB and to test whether there are significant differences compared to the monetary policy applied in the previous years by the central banks of the 12 countries currently forming part of the EMU. We see that...

Este trabajo analiza el programa de estímulo fiscal español, comparándolo con los planes fiscales adoptados en otros países –principalmente de la UEM- y con las características deseables recogidas en la literatura teórica respecto a su tamaño, composición, estructura temporal y...