Introduction: Time and Economic Policy -- Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy -- Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist -- Fiscal Policy and Sovereign Debt Dynamics: (Re-)Assessing the Intertemporal...

The paper is devoted to an analysis of the Treaty on Stability Coordination and Governance (TSCG), also known as the "Fiscal Compact" Treaty signed between the EU member states in 2012. We argue than the TSCG, instead of helping to "repair" the institutional failures on which the Euro and the...

In recent contributions, Weizsäcker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This paper argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate...