The new developments across the Taiwan Strait have illuminated the dilemma of the 'One China' policy, which could mislead to inconsistent or even contradictory policies, and result in devastating military confrontation between China and the U.S. and possibly Japan

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...