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But unfortunately, neither Keynesian economics, supply-side economics, nor Rubinomics alone offer the kind of economic policy framework that fits the new economic realities of the twenty-first century.
Working with Mr. Heller, James Tobin (who won the Nobel economics award in 1981), Kermit Gordon, Gardner Ackley, and Arthur Okun, he helped draft the Keynesian economic policy framework that dominated American politics during the Kennedy and Johnson years.
Moves towards an integrated economic policy framework.
However, as the example of the European Economic and Monetary Union demonstrates, a centralized monetary policy may be compatible with a decentralized economic policy framework.
And can Democrats stick with the economic policy framework they adopted during the Clinton administration -- a somewhat uncomfortable marriage of fiscal responsibility and continued belief in activist government -- when the basis of that policy, the budget surplus, may be disappearing?
"Combined with a strong economic policy framework, this step should help contribute to financial stability and economic growth in El Salvador and its further integration into the global economy," Treasury Secretary Lawrence H. Summers said in a statement.
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It collects and analyzes quantitative and qualitative data relating to child poverty, deprivation, and disparities in child health, education and development that are linked to socio-economic policy framework.
The EU's biggest economies are struggling, and this is not just bad luck: the economic-policy framework that the EU put in place to oversee the new regime is a chief culprit.
But they can equally understand China's economic policy through the framework of Keynes.
"Its economic fundamentals and policy framework are strong, and the Polish authorities have demonstrated a commitment to maintaining this solid record".
A "federation by exception" merely draws the logical consequences from the ineffectiveness of the fines envisaged by the SGP, and is fully consistent with the concept of subsidiarity that has been applied since the SGP's introduction: as long as national economic policy complies with the framework, there are no sanctions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com