Publications

53 publications found, searching for 'Jörg Bibow '

• Working Paper No. 660
  March 21, 2011

  Financial Markets

  Jörg Bibow
  Abstract

  This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes’s path-breaking insights into the role of liquidity and finance in “monetary production…more

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• Working Paper No. 625
  October 10, 2010

  A Post Keynesian Perspective on the Rise of Central Bank Independence

  Jörg Bibow
  Abstract

  This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late…more

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• Working Paper No. 617
  September 15, 2010

  How to Sustain the Chinese Economic Miracle?

  Jörg Bibow
  Abstract

  This paper investigates China’s role in creating global imbalances, and the related call for a massive renminbi revaluation as a (supposed) panacea to forestall their reemergence as the world economy…more

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• Working Paper No. 597
  May 11, 2010

  Bretton Woods 2 Is Dead, Long Live Bretton Woods 3?

  Jörg Bibow
  Abstract

  This paper sets out to investigate the forces and conditions that led to the emergence of global imbalances preceding the worldwide crisis of 2007–09, and both the likelihood and the…more

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• Working Paper No. 591
  March 18, 2010

  Global Imbalances, the US Dollar, and How the Crisis at the Core of Global Finance Spread to “Self-Insuring” Emerging Market Economies

  Jörg Bibow
  Abstract

  This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through…more

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• Working Paper No. 584
  February 03, 2010

  The Global Crisis and the Future of the Dollar: Toward Bretton Woods III?

  Jörg Bibow
  Abstract

  This paper investigates the United States dollar’s role as the international currency of choice as a key contributing factor in critical global developments that led to the crisis of 2007–09,…more

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• Working Paper No. 583
  November 08, 2009

  The Euro and Its Guardian of Stability

  Jörg Bibow
  Abstract

  This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks,…more

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• Working Paper No. 553
  December 22, 2008

  Insuring Against Private Capital Flows

  Jörg Bibow
  Abstract

  Following an analysis of the forces behind the “global capital flows paradox” observed in the era of advancing financial globalization, this paper sets out to investigate the opportunity costs of…more

  Download Working Paper No. 553 PDF (205.72 KB)
• Working Paper No. 531
  April 23, 2008

  The International Monetary (Non-)Order and the “Global Capital Flows Paradox”

  Jörg Bibow
  Abstract

  This paper sets out to investigate the forces behind the so-called “global capital flows paradox” and related “dollar glut” observed in the era of advancing financial globalization. The supposed paradox…more

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• Working Paper No. 486
  December 21, 2006

  Global Imbalances, Bretton Woods II, and Euroland’s Role in All This

  Jörg Bibow
  Abstract

  Approaching the issue of mounting global imbalances from the perspective of the "Bretton Woods II hypothesis," this paper argues that the popular preoccupation with China’s supposed export-led development strategy is…more

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• Working Paper No. 460
  July 22, 2006

  How the Maastricht Regime Fosters Divergence As Well As Fragility

  Jörg Bibow
  Abstract

  This paper investigates the phenomenon of persistent macroeconomic divergence that has occurred across the eurozone in recent years. Optimal currency area theory would point toward asymmetric shocks and structural factors…more

  Download Working Paper No. 460 PDF (157.62 KB)
• Working Paper No. 429
  November 14, 2005

  Bad for Euroland, Worse for Germany

  Jörg Bibow
  Abstract

  This paper assesses the contribution of the European Central Bank (ECB) to Germany’s ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the…more

  Download Working Paper No. 429 PDF (564.95 KB)
• Working Paper No. 428
  August 25, 2005

  Europe’s Quest for Monetary Stability

  Jörg Bibow
  Abstract

  This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the “Eurosystem” and its central banking…more

  Download Working Paper No. 428 PDF (359.96 KB)
• Working Paper No. 427
  August 12, 2005

  Liquidity Preference Theory Revisited

  Jörg Bibow
  Abstract

  This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory’s ongoing relevance…more

  Download Working Paper No. 427 PDF (435.90 KB)
• Working Paper No. 425
  July 11, 2005

  Refocusing the ECB on Output Stabilization and Growth through Inflation Targeting?

  Jörg Bibow
  Abstract

  Challenging the conventional wisdom that structural problems are to blame for the euro area’s protracted domestic demand stagnation, this paper sets out to shed some fresh light on the role…more

  Download Working Paper No. 425 PDF (407.38 KB)
• Working Paper No. 409
  July 01, 2004

  Assessing the ECB’s Performance since the Global Slowdown

  Jörg Bibow
  Abstract

  This paper assesses the ECB’s performance, which the author finds to be seriously lacking but which is of paramount importance to understanding euroland’s ongoing stagnation and fragility. A main finding…more

  Download Working Paper No. 409 PDF (671.34 KB)
• Working Paper No. 406
  May 01, 2004

  Investigating the Intellectual Origins of Euroland’s Macroeconomic Policy Regime

  Jörg Bibow
  Abstract

  This paper investigates the (re-)establishment of central banking in West Germany after 1945 and the history of the Bundesbank Act of 1957. The main focus is on the early emphasis…more

• Working Paper No. 400
  January 01, 2004

  Fiscal Consolidation

  Jörg Bibow
  Abstract

  This paper analyzes the issues of public finance sustainability and suitability of strategies aimed at fiscal consolidation. Contrasting growth-based versus thrift-based consolidation strategies, it is argued that in the light…more

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• Policy Note No. 4
  August 20, 2003

  Pushing Germany Off the Cliff Edge

  Jörg Bibow
  Abstract

  Germany’s fiscal crisis cannot be attributed to unification per se; it arose as a consequence of ill-guided macroeconomic policies pursued in response to that event. Many structural problems that popped…more

  Download Policy Note 2003/4 PDF (312.60 KB)
• Working Paper No. 379
  May 01, 2003

  Is Europe Doomed to Stagnation?

  Jörg Bibow
  Abstract

  This paper challenges the view that external shocks caused Euroland’s 2001 slowdown and subsequent stagnation. Instead, the design of Euroland’s macro policymaking arrangements is found lacking in looking after sufficient…more

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• Working Paper No. 347
  June 01, 2002

  What Has Happened to Monetarism?

  Jörg Bibow
  Abstract

  It is widely perceived that today’s conventional monetary wisdom, and the common practice of monetary policy based thereupon, is essentially “monetarist” by nature, if not by name. One objective of…more

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• Public Policy Brief No. 67
  November 01, 2001

  The Economic Consequences of German Unification

  Jörg Bibow
  Abstract

  Although the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was anticipated to be significant, German industrial efficiency was expected to quickly overcome any challenges. Things…more

  Download Public Policy Brief No. 67, 2002 PDF (325.91 KB)
• Working Paper No. 339
  October 01, 2001

  Uncertainty, Conventional Behavior, and Economic Sociology

  Jörg Bibow, Paul Lewis, and Jochen Runde
  Abstract

  This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes’s observations on…more

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• Working Paper No. 338
  September 01, 2001

  The Monetary Policies of the European Central Bank and the Euro’s (Mal)performance

  Jörg Bibow
  Abstract

  The stability-oriented macroeconomic framework established in the Maastricht and Amsterdam Treaties on European Union (TEU), especially the unparalleled status of independence and peculiar mandate of the European Central Bank (ECB),…more

  Download Working Paper No. 338 PDF (329.83 KB)