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

Journal title QA Rivista dell’Associazione Rossi-Doria
Author/s Mario Pianta
Publishing Year 2013 Issue 2012/4 Language Italian
Pages 19 P. 127-145 File size 801 KB
DOI 10.3280/QU2012-004005
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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.

EconLit Classification: A110, E200, E600

Keywords: Economic policy, Macroeconomics, Depression, United States

Mario Pianta, Fai la macroeconomia giusta: le molte ragioni del libro di Paul Krugman fuori da questa crisi, adesso! in "QA Rivista dell’Associazione Rossi-Doria" 4/2012, pp 127-145, DOI: 10.3280/QU2012-004005