IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v35y2013i3p457-462.html
   My bibliography  Save this article

A comment on the European Central Bank solution vs. the Keynes solution

Author

Listed:
  • Pablo Schiaffino

Abstract

In this paper, I discuss something obvious, and to show something obvious—at least in this case—there is no need to apply sophisticated theoretical models or fancy empirical techniques. I argue that the actual European Central Bank solution for the European countries in crisis is very far from what I call—paraphrasing Davidson—the Keynes solution. This crucial difference between the two solutions does not imply opposite ideological policies, but a severe problem that leads to a more profound crisis based on a deflation-debt problem and long-term unemployment.

Suggested Citation

  • Pablo Schiaffino, 2013. "A comment on the European Central Bank solution vs. the Keynes solution," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 35(3), pages 457-462.
    • Handle: RePEc:mes:postke:v:35:y:2013:i:3:p:457-462
    DOI: 10.2753/PKE0160-3477350307
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/PKE0160-3477350307
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/PKE0160-3477350307?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sébastien Charles & Thomas Dallery & Jonathan Marie, 2014. "Entre tango et sirtaki : incohérence du régime monétaire et insoutenabilité de la dette publique," Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 179-224.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:35:y:2013:i:3:p:457-462. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.