Basel III is a recently-agreed regulatory standard for bank capital adequacy with focus on the macroprudential dimension of banking regulation, i.e., the system-wide implications of banks? lending and risk. An important Basel III provision is to reduce procyclicality of present banking...

The European Union welfare states can no longer ignore the environment in which individuals live (work, home, leisure) since it partly determines the factors affecting their health and wider well-being. It is therefore essential for EU member States and bodies to both adopt and adapt the...

This paper argues that the path followed by modern macroeconomic theory excludes the analysis of major endogenous movements in macroeconomic variables. Rather than persist with models based on the idea that the economy behaves like a rational individual we should build models of the economy as a...