In this paper we investigate the interplay between regulatory and monetary policies. We analyze how changes in institutional settings modify the functioning of various channels of monetary transmission. The paper begins with a brief presentation of the main channels of monetary transmission,...

The paper reviews 'The Economics of Good and Evil' book by T. Sedlacek. We conclude that this is a really valuable book, which interestingly reconstructs the history of economic ideas. However, we also point out that the book has some shortcomings while discussing methodological issues in...

Nowadays we observe a consensus in the development literature that the quality of governance matters for economic development. Therefore, many postulate the implementation of good governance principle, however, that very idea is not well defined and conceptualized. This paper offers some...

The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth)....

The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth)....

My purpose is to appraise the recent critique of theoretical economics by applying the methodological perspective. Therefore, I start by identifying the main lines of criticism raised against theoretical economics in the aftermath of the post-2008 global economic crisis: namely, the voices...