Die mangelnde Koordination von Geld-, Finanz- und Lohnpolitik hat in der Vergangenheit nicht nur das Wirtschaftswachstum behindert, sondern auch Arbeitslosigkeit produziert und die Staatsverschuldung in die Höhe getrieben. In diesem Buch wird ein institutioneller Rahmen für eine Koordination...

In 2009, just before the full outbreak of the global financial crisis, Olivier Blanchard (2009) published an article giving a favourable appraisal of the state of macroeconomics. He came to this verdict on the basis that, after a long period of fierce theoretical debate, the discipline had...

Post-apartheid South Africa is facing three major economic problems: (1) slack economic growth, (2) high and growing unemployment and (3) among the world's highest income inequality and poverty indices. South Africa is currently caught in a macro-economic straight-jacket of tight monetary,...