1. Introduction -- Part I Growth, macroeconomic imbalances and sustainable development -- 2. Is there any evidence of a deterioration of production capacities in the advanced economies? -- 3. Hysteresis, inflation and secular stagnation -- 4. New thinking of sustainable development and growth --...

In this paper we discuss the emergence of the new European macroeconomic structure within EMU. We focus on three important elements: the wage-fixing authorities in each country, the fiscal authorities in each country, and the single European Central Bank (ECB). We identify serious problems which...

This book, focusing on the Japanese economy mainly from the 1990s to the 2010s, examines the Japanese industrial and fiscal-monetary policies and evaluates its achievements and limits from a historical perspective. Although the period that was also referred to as the "lost decade (or two, three...