The classical definition of inflation refers to increasing the quantity of money in circulation. However, in everyday language, inflation is seen rather through the effects of monetary expansion, i.e. increasing prices. Therefore, the term “inflation” generates a semantic confusion, for...

The structural changes that have occurred over the last decades in the highly developed countries have had direct repercussions on the ways of participating to the global labor division. The principle of labor division will be renewed. It will evolve from

The construction of European Monetary Union has raised several questions about the existence of a common business cycle, a European one. The lack of cyclical synchronization would complicate the monetary and fiscal policies in the Union, being a negative

The question standing at the base of this paper is whether an economy in recession needs more consumption or more saving. We decided to analyze the two possible answers to this question because the public opinion balance seems to incline, mainly, to the former option. We believe that saving...