Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered...

Machine generated contents note: Part I. Why A New Strategy is Needed; 1. Replacing the most influential indicator in the world; 2. Why is GDP successful?; 3. What does GDP measure (and what does it not)?; 4. Why is beyond-GDP not successful?; Part II. The New Strategy: A Community for Well-being and...