The sovereign debt crisis, which currently affects especially the European Union, challenges on the one side the actuality of hard borders and the reexamination of soft borders (Horga & Brie, 2008), and on the other side the need for the European Union to deal with an even more complex global...

The paper analyzes the current discussions on the the state of economics with special focus on the interreletionships between key ideas of economic theories and real actions of economic policy in the course of the global economic crisis.

The paper analyzes the current discussions on the state of economics with special focus on the interrelationships between key ideas of economic theories and real actions of economic policy in the course of the global economic crisis. The global economic crisis showed the limited ability of...

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and, thus, an institutional stance. It is Post-Keynesian as long as it does not perceive any benefit in the mainstream split between monetary and fiscal policies. And it is...

Last decades have been the most turbulent in international monetary history in terms of the number, extent and severity of the economic and financial crises. There were more speculative bubbles in the period 1980-2000 than in any previous period, and Japan and Latin American countries...

The paper aims to present the efforts of the two Member States of the European Union regarding the criteria for accession in the „select club” of the Eurozone, in the current economic environment, which is characterized by uncertainty and profound turbulences. The study has pointed out that,...

This paper argues in an Austrian-Business Cycle's perspective that all the conditions are met again to have new crisis. The Federal Bank treats, always, a crisis of liquidity excess by low interest rate, i.e. "cheap money policy". When Federal Bank will have to rise its rates, the crisis will...

Abstract This paper begins with a critical presentation of Kondratiev’s (1926) seminal paper on the question of the existence as well as his theoretical explanation of long cyclical fluctuations of the level of economic activity. Furthermore we argue that a coherent explanation of long-run...

European competition policy has been one of the common policies since the beginning of European integration. The European level economic policy coordination and the customs union have required a uniform framework for competition policy covering the whole Community. Nowadays the economic...

With the economic crisis in East Asia and a continuing boom in the US, American triumphialism is in the air. The latter is perhaps not unexpected and probably does no harm. But what is more questionable is the view held in the highest circles in the US Government and international financial...