Introduction.- Restoring Europe's luster.- Russian Federation: national and regional trends in regulatory burden and corruption.- Institutional creativity for happy high-income societies: can basic income-based reforms help to build them?.- Crisis in the Eurozone: some popular fallacies and a few unpleasant remarks.- Information technology and labor market polarization in Europe.- Sovereign risk, monetary policy and fiscal multipliers: a structural model-based assessment.- Perspectives for growth and income equality in the European Monetary Union: 2012-2025.- Effort and hours over the business cycle.- Policy prescriptions for a good economy.- The measurement of underground economy in Italy.- Trade relations between Latin American Countries and the European Union.