Microbes and Macroeconomics: Understanding the Pandemic and the Global Slump

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.

This course will expose students to some of the key debates that link digital transformations to economic, social, and political inequalities. Students will be familiarised with a variety of theoretical movements in development studies and internet studies: exploring thinking that frames the internet as a leveller that can bridge divides vs. exploring the internet as an infrastructure that amplifies existing inequalities.

Aufbauend auf neueren und älteren Forschungsergebnissen zum Einfluss von ÖkonomInnen auf politische Entscheidungsprozesse und mediale wirtschaftspolitische Debatten wird in diesem Beitrag ein eklatantes polit-ökonomisches Machtungleichgewicht unter einflussreichen ökonomischen ExpertInnen aufgezeigt: Es kann vor allem in Deutschland eine starke Dominanz von neo- bzw. ordoliberalen Interessenskoalitionen bzw. –netzwerken gegenüber alternativen, keynesianischen oder gewerkschaftsnahen Netzwerken konstatiert werden, wohingegen in Österreich durch eine noch stärkere Bedeutung korporatistischer Strukturen dieses Ungleichgewicht zumindest schwächer ausgeprägt ist.

Le drone monétaire : un nouvel outil au service de la population ? https://www.istockphoto.com/fr/photo/quadrocopter-bourdonnement-et-de-largent-gm529916177-54325552?utm_source=pixabay&utm_medium=affiliate&utm_campaign=SRP_image_sponsored&referrer_url=https%3A%2F%2Fpixabay.com%2Fimages%2Fsearch%2Fdrone%2520money%2F&utm_term=drone+money

In this keynote lecture during the conference „The Spectre of Stagnation? Europe in the World Economy“, Till van Treek presents research on how changes in income distribution lead to macroeconomic instability and crisis, focusing on currents accounts. Treek presents the relative income hypothesis in contrast to other mainstream and Post-Keynesian explanations. The relative income hypothesis proposes that aggregate demand increases and savings decrease with rising personal income inequality due to upward looking status comparison – but effects depend on the quantile where income inequality increases. Treek points to the importance of accounting for both income and functional income distribution and underlines his arguments with data comparing different pattern in Germany and the U.S.

The article reviews the effects that the War in Ukraine will have for the global economy.