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European economic policy and the problem of current account imbalances: the case of Germany and Spain

In: Keynes’s General Theory for Today

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  • Jorge Uxó
  • Jesús Paúl
  • Eladio Febrero

Abstract

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 today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard.

Suggested Citation

  • Jorge Uxó & Jesús Paúl & Eladio Febrero, 2012. "European economic policy and the problem of current account imbalances: the case of Germany and Spain," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Keynes’s General Theory for Today, chapter 12, pages 207-225, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15049_12
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    References listed on IDEAS

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    1. Corden, W. Max, 1995. "Economic Policy, Exchange Rates, and the International System," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226115917, April.
    2. Hans-Wener Sinn & Teresa Buchen & Timo Wollmershauser, 2011. "Trade Imbalances: Causes, Consequences, and Policy Measures," Book Chapters, in: Jack T. Boorman & André Icard (ed.), Reform of the International Monetary System: The Palais Royal Initiative, edition 1, chapter 26, pages 321-342, Emerging Markets Forum.
    3. Mr. Gian M Milesi-Ferretti & Mr. Olivier J Blanchard, 2011. "(Why) Should Current Account Balances Be Reduced?," IMF Staff Discussion Notes 2011/003, International Monetary Fund.
    4. Ozlem Onaran, 2011. "From wage suppression to sovereign debt crisis in Western Europe: who pays for the costs of the crisis?," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 7(1/2/3), pages 51-69.
    5. Engelbert Stockhammer, 2011. "Peripheral Europe's debt and German wages: the role of wage policy in the Euro area," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 7(1/2/3), pages 83-96.
    6. Gian M Milesi-Ferretti & Olivier J Blanchard, 2011. "(Why) Should Current Account Balances Be Reduced?," IMF Staff Discussion Notes 11/03, International Monetary Fund.
    7. Hans-Werner Sinn & Teresa Buchen & Timo Wollmershäuser, 2011. "Trade Imbalances – Causes, Consequences and Policy Measures: Ifo’s Statement for the Camdessus Commission," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(01), pages 47-58, March.
    8. Philip Arestis & Malcolm Sawyer, 2010. "The Problems of the Economic and Monetary Union: Is There Any Escape?," Journal of Economic Analysis, National Technical University of Athens, vol. 1(1), pages 1-14.
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