that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet … monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more …

We study the evolution of the response of scal policy to monetary policy shocks in the EMU in the light of two … responses from a panel VAR, we nd that scal and monetary policy acted neutrally toward each other before the Maastricht Treaty …; scal and monetary policy acted as substitutes immediately after the Maastricht Treaty; and scal and monetary policy acted …

power of market forces to solve any economic problem. Neoclassical economics can be blamed for creating the ideological … economics methodology, arguing the need to approach the economy as an interactive complex system, and discussing the use of … mathematics in economics, it is argued that the main object of economists' efforts should be economic illness rather than economic …

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis … is due to a misallocation of research efforts in economics. We trace the deeper roots of this failure to the profession … economics profession has failed in communicating the limitations, weaknesses, and even dangers of its preferred models to the …