Die Studie untersucht die Auswirkungen der Finanzmarktkrise auf die Arbeitsbeziehungen des öffentlichen Sektors in vier Ländern. Es zeigen sich deutliche Unterschiede: Der öffentliche Sektor in Großbritannien und Spanien wird nach der Krise einer ausgeprägten Sparpolitik unterzogen, die...

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...

This paper presents an agent based model that investigates the possible outcomes of different fiscal and regulatory policies in a financially fragile economy. We analyse the consequences of the attempt by the government to counteract a downturn ignoring the debt dynamics as modelled by Fisher...