Jakob Steffen

"The World Inequality Lab gathers social scientists committed to helping everyone understand the drivers of inequality worldwide through evidence-based research. The World Inequality Lab hosts the World Inequality Database, the most extensive public database on global inequality dynamics. Their main missions are:  The extension of the World Inequality Database The publication … Level: leicht WORLD INEQUALITY LAB   https://inequalitylab.world/en/ Was ist Inflation? Warum ist sie relevant? Und gibt es eine einheitliche Theorie über ihre Wurzeln und Ursachen, oder ist sie ein umstrittenes Konzept? Genau darum geht es in diesem Text: Wir definieren, was Inflation eigentlich bedeutet, bevor wir uns mit einem interdisziplinären und pluralistischen Ansatz in die theoretische Debatte stürzen: Wie entsteht sie, welche Faktoren können sie beeinflussen, und was kann man dagegen tun? 2022 Level: leicht Inflation Barta, Gerrard, Steffen & Zaspel Exploring Economics In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience. 2022 Level: schwer The pitfalls of yield curve control Reserve Bank of Australia Reserve Bank of Australia Why did inflation lift of in 2022? Are there differences between the US and the Eurozone and if so, what are they? 2022 Level: schwer The Inflation Surge of 2021-22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Infl ation Expectations Ángel Ubide ZBW – Leibniz Information Centre for Economics/CEPS – Centre for European Policy Studies Mehr Geld führt automatisch zu mehr Inflation - steht doch in allen Zeitungen! Tatsächlich handelt es sich dabei um eine längst widerlegte Doktrin, die zudem Praktiker in der Geldpolitik nie wirklich überzeugt hat. 2022 Level: mittel Der leise Tod der Geldmengensteuerung: Ende eines Irrwegs - Institut für Makrofinanzen Florian M. Kern, Max Krahé Institut für Makrofinanzen Diese Publikation der Rosa Luxemburg Stiftung erläutert grundlegende Zusammenhänge der Staatsfinanzierung und -verschuldung sowie der Zentralbankpolitik und räumt dabei euch mit Mythen der Mainstream-Ökonomik auf. 2021 Level: mittel Kredit der Macht Stephan Kaufmann, Ingo Stützle Rosa Luxemburg Stiftung Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency 2022 Level: mittel Why the war in Ukraine does not jeopardise the dollar's reserve currency status Florian M. Kern Dezernat Zukunft This episode from Odd Lost podcast with financial analyst Zoltan Pozsar features a discussion on the potential long-term financial effects of the Ukraine-Crisis on dollar and the global currency system centered around it. 2022 Level: mittel Zoltan Pozsar on Russia, Gold, and a Turning Point for the U.S. Dollar Zoltan Pozsar, Tracy Alloway, Joe Weisenthal Bloomberg The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system. 2022 Level: leicht Cryptocurrencies and the war in Ukraine Jon Danielsson Centre for Economic Policy Research The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions. 2021 Level: mittel Dollar dominance and the international adjustment to global risk Georgios Georgiadis, Gernot Müller, Ben Schumann Centre for Economic Policy Research The Federal Reserve is the world's central bank - inadvertently. Explore the reasons behind as well as the different layers of money in international finance in this article by Perry Mehrling. 2021 Level: schwer “Where’s My Swap Line?”: A Money View of International Lender of Last Resort Perry Mehrling Boston University Global Development Policy Center What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it? 2021 Level: leicht Inflation in economic theory Alexander Barta, Jorim Gerrard, Jakob Steffen & Frieder Zaspel Exploring Economics Teil 5: Keynes versus Hayek, ein Scheingefecht? Woher kommt der Kapitalismus? Ist er eine natürliche Folge der gesellschaftlichen Entwicklung? 2014 Level: leicht Der Kapitalismus – Keynes versus Hayek, ein Scheingefecht? (5/6) Bruno Nahon & Ilan Ziv YouTube (ARTE) Karl Marx was the greatest champion of the labor theory of value. The logical problems of this theory have, however, split scholars of Marx into two factions: those who regard it as an indivisible component of Marxism, and those who wish to continue the spirit of analysis begun by Marx without the labor theory of value. 1993 Level: schwer Use-Value, Exchange Value, and the Demise of Marx's Value Theory of Labor Steve Keen Journal of the History of Economic Thought, Vol. 15, Issue 1 After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed. 2021 Level: mittel Green Bonds: the Sovereign Issuers’ Perspective Raffaele Doronzo, Vittorio Siracusa and Stefano Antonelli Mercati, infrastrutture, sistemi di pagamento Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 1997 Level: mittel Time to Ditch the NAIRU James K. Galbraith American Economic Association Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2019 Level: schwer Monetary sovereignty is a spectrum: modern monetary theory and developing countries Bruno Bonizzi, Annina Kaltenbrunner, Jo Michell Post-Autistic Economics Network Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2013 Level: schwer Horizontalists, verticalists, and structuralists: The theory of endogenous money reassessed Thomas I. Palley IMK - Institut für Makroökonomie und Konjunkturforschung, Hans-Böckler-Stiftung Recording of the Workshop “The collateral supply effect on central banking”, 04.02.2021, part of the "Next Generation Central Banking - Climate Change, Inequality, Financial Instability" conference by the Heinrich-Böll-Stiftung 2021 Level: mittel NextGen Central Banking: The collateral supply effect on central banking Finanzwende e.V. & Heinrich-Böll-Stiftung, Carolyn Sissoko, UWE Bristol; Steffen Murau, Boston University; Michael Peters, Finanzwende Transformative Responses, Heinrich-Böll-Foundation & Finanzwende "Bank Underground" is the staff blog of the Bank of England, founded to publish the views and insights of the people working for one of the world's oldest central banks. The blog covers a wide range of macroeconomic topics, mostly linked to the effects of monetary policy, of course, but not all the time. It provides timely, relevant analysis of contemporary challenges in economic policy and is thus often a perfect primer. Level: mittel Bank Underground Various staff of the 'Old Lady in Threadneedle Street' Bank of England staff blog A comprehensive account of how government deficits and debt drive inflation 2023 Level: mittel The Fiscal Theory of the Price Level John Cochrane Princeton University Press Having dissected what's supposedly wrong with contemporary macroeconomics, Steve Keen, on the leading critics of the mainstream of our times and distinguished economist himself, goes on to present his idea of a New Economics: What premises it should build on, what methods it should use, and yes, what purpose it should serve. 2022 Level: leicht The New Economics Steve Keen Wiley