economists share common ideas about the working and financing of market economies. In particular, both Keynes and Schumpeter … reject the classical notions of the neutrality of money and the dichotomy of the real and the monetary sector, emphasising …

Consumers and organisations are increasingly considering longer term sustainability issues when they purchase or supply … purchasing and supply may provide a fruitful way of gaining a deeper understanding of the issues and of moving towards a greener …

The paper's aim is to evaluate the changing patterns of defence requirements and their implications on supply chains … that have major impacts on defence supply relationships. The authors find a consensus in the industry concerning a shift … acknowledged as requiring much closer partnerships in the defence supply chain, in which suppliers assume much greater …

expectations in the sense that any other expectations justifying his choices imply a smaller likelihood for the history he observes … with limited memory, then there are rationally formed expectations equilibria exhibiting an excess volatility that no … rational expectations equilibrium can match. Given that the limited records or finite memory case may arguably be the relevant …

-1979) classical, but restrictive, assumptions of rational expectations and perfect foresight. It deals with sequential financial …

rules and institutions they face. This allows to proxy the bailout expectations in both countries and their role in … determining soft budget spending behaviors. A larger impact of expectations is taken as evidence of greater discretion in fiscal … soft budget constraints and bailing out expectations are a quantitatively important component of local government spending …

This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using …