In the paper it is argued that Minsky's theory of financial fragility, interpreted as a the-ory of structural instability, is useful to interpret the current crisis. Structural instabilitymeans that a small event can change the qualitative characteristic of a system and thuseven its dynamic...

<span style="font-size: 9.5pt">In this work the sources of investment financing in South Korea in the period 1970-1997 are calculated following the same method used by Colin Mayer and Jenny Corbett in their influential works. An anomaly of the Korean case is stressed. In the period before the financial crisis of 1997 the...</span>

<span style="font-size: 12pt"><span style="font-size: 12pt">Fiscal reform in developing countries has succeeded in increasing tax revenue from indirect taxes. Here it is assumed that those taxes will be transferred backwards to wages rather than forward to prices. This implies a certain degree of flexibility of nominal wages, which, however is not so...</span></span>

The paper investigates whether the current decline of the Italian economy could be traced back to financialization. In principle financialization could not be so important for an economy in which many firms are not quoted in the stock exchange and for which shareholders' interests should not...

The paper aims at drawing a comparison between the reactions to the recent financial crisis by the European Central Bank and by the Federal Reserve. Though the tools used have been largely the same, the quality and quantity of the interventions has been very different depending on the different...

The paper deals with the conflicting interpretations of the monetary policy carried out by the Federal Reserve during and after the financial crisis of 2007-08. That policy has been labelled as quantitative easing. The first interpretation of that policy is that the central bank will continue to...

<span style="font-size: 12pt"><span style="font-size: 12pt">Neoclassical theory says that financial liberalization will make the cost of capital decrease, productivity increase and output grow. In reality this does not happen. A key to understanding why it is so is the link between financial liberalization and income distribution. After financial...</span></span>

<span style="color: #231f20"><span style="color: #231f20">The paper examines some trends in the distribution of income that have prevailed in thelast two decades, in particular the opposite tendencies to a fall in the wage share and an increase in the profit and rent share. Moreover both profit rates and real interest rates have increased in OECD...</span></span>

<span style="font-size: 9.5pt"><span style="font-size: 9.5pt">In this work we are going to deal with the issue of the distribution of income in an</span><span style="font-size: 9.5pt">open economy within a simplified macroeconomic model with constant prices. This type</span><span style="font-size: 9.5pt">of model could apply to middle-income developing countries, which have succeeded in</span><span style="font-size: 9.5pt">fighting inflation through a policy of high...</span></span>