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HomeSergio Cesaratto

Sergio Cesaratto

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Economics

Sergio Cesaratto – Sharing Central Banks’ costs and profits of monetary policy in the euro area

August 1, 2024 Mathew D. Rose 1

A closer look at an ignored aspect of eurozone monetary policy Sergio Cesaratto is Professor of European monetary and fiscal policies, International Economics, and Growth and development at the University of Siena Adapted for Brave […]

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Economics

Sergio Cesaratto, Eladio Febrero, George Pantelopoulos – The endless TARGET2 saga

May 5, 2024 Mathew D. Rose 0

TARGET2 imbalances seem to be an endless source of controversy. At the beginning of the last decade, Hans Werner Sinn claimed that T2 imbalances served to fund current account deficits forgetting the responsibility of German […]

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Economics

Sergio Cesaratto – The cat-and-mouse reform of the Stability Pact

November 26, 2023 Mathew D. Rose 0

The EU is stuck in its fiscal cul de sac and cannot find its way out. Sergio Cesaratto is Professor of European monetary and fiscal policies, International Economics, and Growth and development at the University […]

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Economics

Matías Vernengo, Sergio Cesaratto – Neoliberalism Resurgent in Argentina

November 23, 2023 Mathew D. Rose 0

The problem with politicians, especially populists, is if they actually do what they had promised. On the senselessness of dollarisation in Argentina. Matías Vernengo is Professor of Economics, Bucknell University (US) and formerly Senior Research […]

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Climate Crisis

Sergio Cesaratto – Italy: Politicians pass, the Italian impasse remains

September 18, 2022 Mathew D. Rose 0

An outstanding interview with insights into the current economic and political situation in Italy Sergio Cesaratto teaches European monetary and fiscal policies at the University of Siena. He is author of Heterodox Challenges in Economics […]

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Climate Crisis

Sergio Cesaratto – Italy: ‘Inflation will be beaten by the end of the war, not by recession’

August 6, 2022 Mathew D. Rose 0

Italy’s economic outlook is not rosy, with the US economy in recession and clouds over the German economy heavily dependent on Russian gas (with Italy heavily dependent on exports to Germany). Sergio Cesaratto teaches European […]

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Austerity

Sergio Cesaratto – The economic and social consequences of the war on Europe and Italy

May 12, 2022 Mathew D. Rose 0

Political realism offers useful keys to interpreting the international political economy, which has never been more endangered than today by the military escalation in Ukraine. The EU and Italy risk to be the pots and […]

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Austerity

Sergio Cesaratto – The anniversary of Maastricht: little to celebrate

February 2, 2022 Mathew D. Rose 0

The Maastricht Treaty was signed on 9 February 1992. Thirty years later it is responsible for much suffering, inequality, and poverty within the fragile eurozone. Sergio Cesaratto teaches European monetary and fiscal policies at the […]

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Economics

Sergio Cesaratto – Stability Pact: ‘EU and Germany must compensate us, secure our debt’

December 23, 2021 Mathew D. Rose 0

Without a serious change in governance, there is a risk that the new rules of the Stability Pact will lead to a repetition of old mistakes. Sergio Cesaratto teaches European monetary and fiscal policies at […]

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Economics

Sergio Cesaratto – Those Italian subsidies for Germany

December 8, 2021 Mathew D. Rose 0

Italy has paid for certain ill-advised policies of the ECB – influenced by Berlin, the dominant power in Europe – with dozens of points of additional debt/GDP and finding itself ever poorer, while Germany symmetrically […]

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Book Reviews

EU politics

Blitzed: Drugs in Nazi Germany by Norman Ohler

August 10, 2025 0

Book review by  Branko Milanović As I walked yesterday past the Metropolitan Museum in New York, I saw, among many stands that sell all kinds of trinkets, a table filled with books. One attracted my […]

Economics

The Spectre of State Capitalism by Ilias Alami and Adam D Dixon

July 2, 2025 0

Reviewed by J. D. Evans Alami and Dixon’s The Spectre of State Capitalism is a careful discussion of a topic often dealt with in platitudes and sound-bites. The authors cover uses of ‘state capitalism’ as […]

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