The paper deals with the problems of coordination between monetary and fiscal policies in the Euro area. It examines how the existing institutions handle these problems and how the literature evaluates their working, deriving from these evaluations a proposal to reorganise them. The paper points...

In 1997 the World Bank's two vice-presidents for Sub-Saharan Africa attributed a significant improvement in Africa's growth prospects to the advent of a new generation of leaders, replacing their "once largely statist and corrupt" predecessors. This paper begins by tracing the evolution of...

In 1997 the World Bank's wo vice-presidents for Sub-Saharan Africa attributed a significant improvement in Africa's growth prospects to the advent of a new generation of leaders, once largely statist and predecessors. This paper begins by tracing the evolution of African chief executives over...

In Croatia there is recognized growing interest and effort gain by authorities to give all areas equal opportunities to gain economic and social resources above all needed for EU accession. Allocation of budget which can ensure expected quick economic growth of eastern parts of Croatia justifies...

The paper surveys the ‘old’ and ‘new’ political macroeconomics. In the former we consider how governments can be seen to manipulate the economy as to satisfy opportunistic or ideological motives, thereby creating opportunistic or partisan political business cycles. We examine how the...

This paper has the main target of clarifying the costs of a fiduciary monetary system, in the economic transition process. Also the advantages of such a financial system are studied, as based upon a non-nominative silver current and guarantor of development. This is also an attempting to settle...

Debates that emphasize rapid economic recovery from major crises can extinguish progressive views that examine fundamental issues for sound economic management of present-day capitalist systems, such as: the determination of appropriate modes of cooperation including the procedures for...

The paper examines how economic policy have been carried out in Europe during the recent financial crisis. It focuses on the changes introduced in the operational procedures of monetary policy in the euro area in 2007 and 2008, pointing out that the objective of the authorities has been to...

The aim of this paper is to discuss the need for state in the economy, in an epistemological viewpoint. It presents in a critical manner the ideas on the state of the mercantilism and physiocracy representatives, of the classical and Keynesian economists and of the so-called current „the new...

The paper examines the spending preferences of local governments on land revenues by developing an indirect approach in which public sector outcomes are regressed with land revenues, the most dominant source for off-budget incomes. By doing so, we are able to overcome the issue of unavailable...