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HomeSergio Cesaratto

Sergio Cesaratto

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Austerity

Sergio Cesaratto – EU SCENARIO/ Left-wing and neo-liberal delusions leave Brussels with nothing but war

January 4, 2026 MDRose 0

The currrent failure of the EU and Italy Sergio Cesaratto is Professor of European monetary and fiscal policies, International Economics, and Growth and development at the University of Siena Originally posted in Italian in Il […]

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Economics

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

August 1, 2024 MDRose 0

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 MDRose 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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Climate Crisis

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

September 18, 2022 MDRose 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 MDRose 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 MDRose 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 MDRose 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 MDRose 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 MDRose 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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Economics

Sergio Cesaratto – The hawks’ trick to make Italy fall into a trap

November 4, 2021 MDRose 0

The future of European governance is still being discussed, but not in Italy. Italy runs the risk of being trapped in deceptively lenient rules Sergio Cesaratto is Professor of Growth and Development Economics and of […]

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Book Reviews

Austerity

Reindustrialise Britain – A Strategy for Wealth Creation by Costas Lapavitsas, Larry Elliot, and Doug Nicholls

September 4, 2026 0

Book Review by Mathew D. Rose With the exception of the Epstein Class and the Professional and Managerial Caste in Britain there is now a broad consensus that neo-liberalism has failed the nation. It has […]

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Economics

Designing Global Economic Equality: The Making and Unmaking of Global Egalitarian Policies at the United Nations by Christian Christiansen

June 11, 2026 0

Reviewed by Branko Milanović The just published book by Christian Christiansen Designing Global Economic Equality: The Making and Unmaking of Global Egalitarian Policies at the United Nations provides an intellectual review of the history of […]

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