Modern Monetary Theory and European Macroeconomics
Today we spoke with with Dirk H. Ehnts to talk about his new book Modern Monetary Theory and European Macroeconomics (Routledge, 2017). This is a very accessible text for those interested in discovering how monetary policy works and those interested in approaching the debate on the challenges of the Euro area. We talked about the notions of endogenous and exogenous money and how central banks and commercial banks contribute to the creation of monetary aggregates. We discussed the difficulties of the European common currency project and its future of reform or dissolution. The book introduces the reader to the many relationships between money and other economic variables. In our conversation we also discussed how contemporary politics might affect the reform of the Euro area institutions. This is a very interesting and timely book. It was published in 2016 and there might be soon need for a newer edition in both cases of success or failure of the Euro.
Carlo D'Ippoliti is associate professor of economics at Sapienza University of Rome, and is editor of the open access economics journals PSLQuarterly Review and ‘Moneta e Credito’. His recent publications include the ‘Routledge Handbook of Heterodox Economics’ (Routledge, 2017) and ‘Classical Political Economy Today’ (Anthem, 2018), both as co-editor.Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies.