Do the Right Macroeconomics: The Many Good Points in Paul Krugman’s End this Depression Now!

Mario Pianta

QA - Rivista dell'Associazione Rossi-Doria, 2012, issue 4

Abstract: Paul Krugman’s new book offers an analysis of the current crisis and cogent proposals for economic policy. Keynes’ approach is enriched with ideas drawn from economists such as Fisher, Kalecki and Minsky, and the book provides a con- vincing interpretation of the macroeconomic issues. The problems of demand, monetary policy and the austerity measures that have aggravated the depression in the US and Europe are examined. The issues of international openness, production capacity and income distribution, however, receive limited attention. Finally, the lessons for Europe and Italy are discussed.

Keywords: Economic policy; Macroeconomics; Depression; United States (search for similar items in EconPapers)
JEL-codes: A11 E20 E60 (search for similar items in EconPapers)
Date: 2012
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