The authors review from a critical perspective the ‘patrimonial capitalism’ approach, as well as its analysis of wage-labor transformations in developed economies during the last thirty years. For this purpose, they take the economies of France and the United States as study cases. According...

On the one hand, every official document about fiscal policy in Spain, and most orthodox academic papers argue that Spain has no "fiscal space" and that it should apply resolute actions to assure budget consolidation. On the other hand, Spain also had the second highest unemployment rate in the...

The fiscal governance of the EMU is in dire need of reform. Its current arrangements suff er from several shortcomings, most notably, the limitations they impose on national fiscal policies, steering them towards too restrictive or pro-cyclical stances; the absence of an unconditional lender of...