We develop an agent-based model for the euro area that fulfils widely recommended requirements for nextgeneration macroeconomic models by i) incorporating financial frictions, ii) relaxing the requirement of rational expectations, and iii) including heterogeneous agents. Using macroeconomic and...

This article is a revised and updated version of an earlier publication2. It begins by looking at the issue of the definition of the third sector arguing in favour of a coming together of the concepts of civil society and social economy - what they share as core values outweighing their...