Received: 2016-10-31
 
 
  Revised: 2017-06-03
 
 
  Accepted: 2017-06-23
 
 
  Published Online: 2017-07-04
 
 
  Published in Print: 2017-12-01
 
© 2017 Thomas Palley, published by Sciendo
Articles in the same Issue
- Recent Developments in Applied Economics
 - Are Spanish companies involved in profit shifting? Consequences in terms of tax revenues
 - Does financial VAT affect the size of the financial sector?
 - Regular
 - On the return-volatility relationship in the Bitcoin market around the price crash of 2013
 - Private health expenditures and environmental quality
 - Testing the convergence hypothesis for OECD countries: a reappraisal
 - Reexamining the Schmalensee effect
 - A financially stressed euro area
 - Gendered economic policy making: the case of public expenditures on family allowances
 - Global shocks and their impact on the Tanzanian economy
 - Gains from trade due to within-firm productivity: does services exporting matter?
 - Exchange rate implications of Border Tax Adjustment Neutrality
 - A New Approach of Stochastic Dominance for Ranking Transformations on the Discrete Random Variable
 - Minimum Wage and Employment: Escaping the Parametric Straitjacket
 - Does rising income inequality affect mortality rates in advanced economies?
 - Foreign capital inflow and its welfare implications in a developing country context
 - A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
 - Impacts of Export-platform FDI on the production of upstream industries - Do third country size, trade agreements and local content requirement matter? Evidence from the Vietnamese supporting industries
 - Exchange rate movements and export market dynamics: evidence from China
 - Innovation and willingness to export: is there an effect of conscious self-selection?
 - Does corruption matter for the environment? Panel evidence from China
 - Spanish public hospital waiting lists: a theoretical and empirical approach
 - What determines firms’ access to credit in the absence of effective economic institutions: evidence from China
 - Catalytic effect of capital transfers in a federal context: the case of Spanish regions
 - How costly are public sector inefficiencies? A theoretical framework for rationalising fiscal consolidations
 - Policy Paper
 - “Completing Europe’s Economic and Monetary Union”. Any support from the citizens?
 - Replication Study
 - A Replication of Four Quasi-Experiments and Three Facts from ‘The Effect of File Sharing on Record Sales: An Empirical Analysis’ (Journal of Political Economy, 2007)
 - Global Solutions Paper
 - G20 safeguards digital economy vulnerabilities with a financial sector focus
 - Reconceptualising transnational governance: making global institutions fit for purpose
 - More financial burden-sharing for developing countries that host refugees
 - Civil society challenged: towards an enabling policy environment
 - Key policy actions for sustainable land and water use to serve people
 - Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance
 - The Sustainable Development Goals—Assessing interlinkages, trade-offs and synergies for policy design
 - Policy options for a socially balanced climate policy
 - An evidence-based approach to ending rural hunger
 - The Sustainable Development Goals and the systems approach to sustainability
 
Keywords for this article
                        
                            Economic policy;
                        
                            lock-in;
                        
                            hysteresis;
                        
                            globalization;
                        
                            euro;
                        
                            neoliberalism
                        
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                            Articles in the same Issue
- Recent Developments in Applied Economics
 - Are Spanish companies involved in profit shifting? Consequences in terms of tax revenues
 - Does financial VAT affect the size of the financial sector?
 - Regular
 - On the return-volatility relationship in the Bitcoin market around the price crash of 2013
 - Private health expenditures and environmental quality
 - Testing the convergence hypothesis for OECD countries: a reappraisal
 - Reexamining the Schmalensee effect
 - A financially stressed euro area
 - Gendered economic policy making: the case of public expenditures on family allowances
 - Global shocks and their impact on the Tanzanian economy
 - Gains from trade due to within-firm productivity: does services exporting matter?
 - Exchange rate implications of Border Tax Adjustment Neutrality
 - A New Approach of Stochastic Dominance for Ranking Transformations on the Discrete Random Variable
 - Minimum Wage and Employment: Escaping the Parametric Straitjacket
 - Does rising income inequality affect mortality rates in advanced economies?
 - Foreign capital inflow and its welfare implications in a developing country context
 - A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
 - Impacts of Export-platform FDI on the production of upstream industries - Do third country size, trade agreements and local content requirement matter? Evidence from the Vietnamese supporting industries
 - Exchange rate movements and export market dynamics: evidence from China
 - Innovation and willingness to export: is there an effect of conscious self-selection?
 - Does corruption matter for the environment? Panel evidence from China
 - Spanish public hospital waiting lists: a theoretical and empirical approach
 - What determines firms’ access to credit in the absence of effective economic institutions: evidence from China
 - Catalytic effect of capital transfers in a federal context: the case of Spanish regions
 - How costly are public sector inefficiencies? A theoretical framework for rationalising fiscal consolidations
 - Policy Paper
 - “Completing Europe’s Economic and Monetary Union”. Any support from the citizens?
 - Replication Study
 - A Replication of Four Quasi-Experiments and Three Facts from ‘The Effect of File Sharing on Record Sales: An Empirical Analysis’ (Journal of Political Economy, 2007)
 - Global Solutions Paper
 - G20 safeguards digital economy vulnerabilities with a financial sector focus
 - Reconceptualising transnational governance: making global institutions fit for purpose
 - More financial burden-sharing for developing countries that host refugees
 - Civil society challenged: towards an enabling policy environment
 - Key policy actions for sustainable land and water use to serve people
 - Towards a comprehensive approach to climate policy, sustainable infrastructure, and finance
 - The Sustainable Development Goals—Assessing interlinkages, trade-offs and synergies for policy design
 - Policy options for a socially balanced climate policy
 - An evidence-based approach to ending rural hunger
 - The Sustainable Development Goals and the systems approach to sustainability