Dr. Steffen Murau| steffenmurau.com

Author: Steffen Murau

‘What is Money in a Critical Macro-Finance Framework?’ (with Tobias Pforr)

This article explains how analyzing the creation, distribution, and destruction of contemporary credit money is placed center-stage in the emerging field of critical macro-finance. This approach involves not only traditional forms of money but also […]

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Kick-off for two-year research project at Boston University

1 Oct 2019 | Steffen Murau joins Global Development Policy Center of Boston University as postdoctoral fellow in the Global Economic Governance Initiative (GEGI). The Global Development Policy (GDP) Center of Boston University will be […]

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2020 | ‘Towards a Macro-financial Model of the Eurozone Architecture’

It is a convention to say that Eurozone architecture is ill-constructed and deficient. However, there is neither a comprehensive theoretical definition of monetary architecture in general, nor is there a precise definition of the Eurozone […]

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Accommodation theory features in report of Dutch scientific council

17 Jan 2019 | Dutch Scientific Council for Government Policy publishes report on private credit money creation and the role of the state. The Dutch Scientific Council for Government Policy (Wetenschappelijke Raad vor het Regeringsbeleid) […]

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Shadow money researcher wins award for journal article based on PhD study

9 Oct 2018 | Dr Steffen Murau has been presented with the EAEPE journal article of the year award. A researcher who completed his PhD at City has won a prestigious award for an article […]

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“Shadow money should be tamed, not banned”

15 Oct 2018 | Kapp Prize recipient Steffen Murau on what we can learn from the Financial Crisis. An interview by Dr. Bianca Schröder Congratulations on being awarded the Kapp Prize of the European Association […]

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‘Quantitative Easing, Central Bank Independence and the Seeming Fundamental Difference between Monetary and Fiscal Policy’ (with Tobias Pforr)

Quantitative Easing (QE) has become the main new central banking activity after the 2007-9 Financial Crisis. Conventionally referred to as an ‘unconventional monetary policy’, the Federal Reserve has recently called it the ‘new normal’ of […]

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‘Rethinking Monetary Sovereignty. The Global Credit Money System and the State’ (with Jens van ‘t Klooster)

This article proposes a conception of monetary sovereignty that recognizes the reality of today’s global credit money system. Monetary sovereignty is typically used in a ‘Westphalian’ sense that simply denotes the ability of states to […]

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