This paper explores the nexus between the phenomenon of increasing income inequality and redistributive effects of the public sector. In an empirical analysis of seven OECD countries the redistributive effect will be examined by measuring the difference between inequality of market incomes and...

This paper analyzes the Capital Requirements Directive IV and the Capital Requirements Regulation, a new legislative package proposed by the European Commission in July 2011 which aims to strengthen the regulation of the banking sector and amend the European Union's rules on capital requirements...

In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment in capital stock, re-distribution of income at the...

This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...

This paper should be understood as a modest contribution to an emerging debate about the conclusions from the crisis and the future of the European Social Model. Inspired by the writings of Karl Polanyi, the first section of the paper discusses the nature and some of the main characteristics of...

The economic crisis in the euro zone proves that neither the creators of the euro nor today's policy-makers fully understand the functioning of a currency union. Explanations of the macroeconomic relations inside a currency union are therefore in demand. It is now clear that macroeconomic...

The negative impact of EU biofuel policy on the agricultural markets, carbon emissions and global land use has been evidenced through many studies. Besides the often affirmed negative implications, the paper suggests that in countries targeted by land investments for biofuel production, there...

Socially Responsible Investors are concerned about social, ethical and especially environmental issues in enterprises. They invest mostly through investment vehicles officially labelled SRI funds, or if not, then with clear mandates to their investment managers to invest responsibly. The...