Das Subsidiaritätsprinzip und seine Formulierung in "Quadragesimo anno" / Anton Rauscher -- Personal being and the principle of subsidiarity / William A. Frank -- Subsidiarität in ihrer Bedeutung für öffentliche Unternehmen / Bruno Kahl und Andreas Kerst -- Federalism and American politics :...

House price determinants in Liverpool, United Kingdom / Raymond Talinbe Abdulai and Anthony Owusu-Ansah -- Multilevel governance : participatory democracy and civil society's role in governance in the perspective of the Lisbon Treaty / Peter Herrmann -- Transatlantic regulatory cooperation :...

Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...