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. …

the government through its ability to fix the real cost of capital for the firm, expenditure and monetary policy …

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 …

stimuls should be merged with monetary policy, although herewith it requires tough coordination between government-led public … tax balance, while fiscal policy should be oriented only on regulation of aggregate demand. Cutting taxes and decreasing …

We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission … structural features of Rwanda's economy and policy framework, such as the limited degree of capital mobility. A filtration of the …

a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector … economywide policies. 1 Since then, there have been nontrivial changes in macroeconomic trends and policy debates, not only …

remained dominant in mainstream economics despite recurrent policy failures, contradictory theories and inconclusive revisions … manageable by macroeconomic policy guided by this analysis. We explore why this epistemological approach of the economy has … of both theories and policies. We identify a relationship of ‘epistemic entanglement’ between economics as a discipline …

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 …