The run up to the euro has been characterized by soft growth especially in the largest countries of the zone. This disappointing performance is often imputed to the insufficient extent of structural reforms in labour and product markets. The ECB conduct of monetary policy, and the Stability and...

Research and teaching in economics have been characterised by a real institutionalisation, meaning that they more and more obey to established values and norms. As a consequence, technical criteria are becoming dominant in the selection process of the scholars. But also, a divorce appears...