The issue of public spending efficiency is a current one in the majority of countries, especially for those confronting large negative effects derived from recent crisis. In Romania, some arrangements were recorded lately in order to reduce costs in government sectors. Thus, we evaluated the...

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

This article challenges the claim that monetary policy neglect was responsible for the unprecedented UK inflation of the 1970s. It departs from the historiography by showing the Bank of England following money supply objectives from 1971, two years earlier than is currently acknowledged and five...

From 1960 to 1979, Prices and Incomes Policy ('PIP') was central to Labour and Tory attempts to manage the economy. Since 1979, no Government has attempted direct controls on wages or prices. The Conservatives moved away from controls in the late 1970s. This paper considers two aspects of that...

Ne úgy olvassuk ezt a könyvet, mint a marxista vagy szovjet típusú gazdaságpolitikai tévút hátterének (egyik) elméleti analízisét! Ha ugyanis így fogunk hozzá, akkor nem is látunk mást a könyvben, mint ma már többnyire vastagon poros szerzők jobb esetben csak a valóságtól...

This paper presents the first quantitative assessment of labour productivity dynamics in Italy's industrial sector between 1911 and 1951 and explores their links with changes in competition policy. It relies on a newly compiled dataset and provides fresh labour productivity estimates,...

The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...

Keynesian-inspired macro regulation gained importance in West German economic policy from the mid-1960s and was enshrined in law through the Stability and Growth Act in 1967. In the context of the legislative process, the question arose as to what extent the Deutsche Bundesbank should be given...

This article analyses the Bank of England's (BoE) involvement in UK policy towards the European Monetary System (EMS) between 1979 and 1990. It outlines how scepticism about rigid monetarist approaches influenced the institution's stance towards the EMS. Despite internal disagreements, the BoE...

This paper will put forward a number of economic considerations raised by the Russia-Ukraine conflict with the external strong participation, on the side of the latter, of the United States and its NATO allies. We begin with some observations regarding the United States, followed by the...