have important implications for macroeconomics in terms of theory and policy. It considers the differences in macroeconomic … laws of economics are universal, the functioning of economies can be markedly different. Therefore, economic theory and … policy analysis should recognize, rather than ignore, such myriad differences. …

Purpose – The purpose of this paper is to shed some light on the role of macroeconomic policy-mix in achieving the … policy-mixes pursued by many developing countries as part of conditions to receive support from international financial … rise in inequality due to associated policy reforms promoting market liberalization and deregulation. Practical …

monetary policy in the development countries. In modern capitalist economies, more than ever, money should be viewed as an …

We analyze fiscal policy procyclicality in resource-rich countries. We obtain a strong U-shaped relationship between …

economics and reality. More precisely, it asks how reality in the form of empirical evidence does or does not influence economic … from general to specific. For the general perspective, I examine the following four points of view. First, economics is a … science. Second, economics is an art. Third, economics is a competition. Forth, economics is politics. I then examine four …