The problem of income disparities in developing countries is constantly gaining in importance. Clearly a pure growth strategy alone cannot be effective and disparities are steadily increasing. What is needed for an effective policy first of all are adequate statistics and indicators.

The growing inequality of market income has attracted considerable attention; less so the redistribution of income. This article analyses key trends and drivers of income redistribution in the EU and the world. It shows that in the EU increasing redistribution has largely stabilised the...

The current sovereign debt crisis is widely believed to have been caused by insufficient budget discipline. However, the financial sector accounts reveal that public as well as private borrowing in the euro area was dwarfed by the synchronised explosion of assets and liabilities of financial...

With rapidly rising government debt and ageing populations implying high contingent liabilities in public pension systems, the issue of longer-term fiscal developments is gaining importance. The question arises whether, and to what extent, future generations will be burdened by current policies....