As an answer to the looming economic crisis amid the coronavirus pandemic, several governments in the euro area announced very substantial rescue packages. As a consequence, public debt will increase strongly. For a number of countries the debt will ...

The increase of the public debt ratio in Italy as a result of measures to fight the coronavirus pandemic and of the recession will sooner or later require an intense effort to ensure the solvency of the Italian state.

The German Bundestag has accepted its gradual disempowerment through the expansion of the monetary union into a liability community for the sake of European peace. But in fact it also abdicates by surrendering the "royal right of parliament" ...

The thesis that interest rates would have been lowered by a flood of savings due to greater efforts to save for retirement is not supported by facts.

Thomas Mayer in talk with The Investor's PODCAST on questions about the euro, differences to the US dollar and digital central bank money.

In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth.