Dirk H. Ehnts, “Modern Monetary Theory and European Macroeconomics” (Routledge, 2017)
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…
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