This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the hands of conservatives. That framing is also largely consistent with the conventional view of the economy and of society more generally. To put it the way that economists usually...

We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...

The recent implementation of the social program "Universal Child Allocation for Social Protection” is an important step towards alleviating the children and adolescents vulnerability situation and a way to improve their household income. At the same time it set a new paradigm in the...

Przedmiotem artykulu jest rola panstwa w gospodarce rynkowej, widziana z perspektywy przeobrazen w pracy spolecznej. Ekonomiczna tresc pracy spolecznej z natury rzeczy czyni panstwo podmiotem gospodarujacym, ktory jako emanacja i reprezentant spoleczenstwa ponosi odpowiedzialnosc za jego rozwoj...

Regulatory arbitrage — defined as the manipulation of regulatory treatment for the purpose of reducing regulatory costs or increasing statutory earnings — is often seen in heavily-regulated industries. An increase in the regulatory nature of copyright, coupled with rapid technological...

Przedmiotem artykulu jest rola panstwa w gospodarce rynkowej, widziana z perspektywy przeobrazen w pracy spolecznej. Ekonomiczna tresc pracy spolecznej z natury rzeczy czyni panstwo podmiotem gospodarujacym, ktory jako emanacja i reprezentant spoleczenstwa ponosi odpowiedzialnosc za jego rozwoj...

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel regressions, vector autoregressions, and an analysis of large fiscal and external adjustments. On average, a strengthening in the fiscal...

This paper examines two main aspects of the interaction between fiscal and monetary policy in emerging market economies. First, it explores the interest rate-inflation relationship in economies with different levels of external and domestic public debt using panel- and crosssection data. The...