The ongoing Great Financial Crisis that began in 2007–2008 has dramatically called into question the previously dominant neoliberal approach to macroeconomic and financial policy. Unfortunately, these lessons are being learned in a highly uneven manner – and in some important circles, not at all. In light of this struggle to adopt developmentally friendly financial structures, it is critical th...

CONTEXT Despite federal regulations on faculty conflicts of interest in federally funded research, academic-industry ties are common, and evidence exists that financial considerations bias the research record. Public scrutiny of these ties is increasing, especially in cases where researchers have financial interests in the corporate sponsors of their clinical research. OBJECTIVE To review pol...

Both of these aspects are important for assessing the role of the euro in the world. Use of the euro by the international financial markets will be strengthened by further progress towards an integrated European financial market. But equally important are credible policies in the euro area, with a monetary policy geared towards price stability and fiscal and structural policies that promote sus...

We consider an insurer who faces an external jump-diffusion risk that is negatively correlated with the capital returns in the financial market. We assume not only the financial market but also the risk process depend on the regime of the economy. The insurer selects investment and liability ratio policies continuously to maximize its expected utility of terminal wealth. We obtain explicit solu...

Note. This original form of this rebuttal was submitted to Science on 3 March 2017 (limited to 300 words as per Science editorial policy) but rejected on 13 March 2017. Herein, we elaborate on our original Science submission in order to more fully address the issue without the length limitations. This rebuttal is followed by the list of the signatories who supported our original submission.

In many countries one approach to supporting family-and-friend caregivers is direct financial or monetary support. Debates about the benefits and consequences of such policies pervade the literature. Building on the premise that values underlie public policy, the paper examines four policy paradoxes in the literature and uses selected examples from an international policy analysis to illustrate...