This collection brings together a range of leading researchers and theorists from across
Europe to advance sociological understanding of generational relations, in terms of both the …

I offer a macroeconomic perspective on the" Reserves for All"(RFA) proposal to let the
general public use electronic central bank money. After distinguishing RFA from …

Monetary policy decisions tend to be based on systematic analysis of alternative policy
choices and their associated macroeconomic impacts: this is science. Fiscal policy choices …

Fiscal illusion Taking the bite out of budget cuts Fiscal adjustment is an illusion when it
lowers the budget deficit or public debt but leaves government net worth unchanged …

Among the concepts used to assess the sustainability of fiscal policy in a changing
demographic environment, generational accounting has become the most prominent. This …

Many advocates of social security privatization argue that rates of return under a defined
contribution individual account system would be much higher for all than they are under the …

Deep systemic financial crises tend to be infrequent events, as they leave deep lasting scars
on the psyche of consumers, investors, politicians and regulators. Normally, especially given …

Die demographische Entwicklung schreitet kontinuierlich voran und der Gesundheitsmarkt
boomt. Die Frage, wie finanzierungs-und versorgungsseitig damit langfristig umzugehen ist …

According to conventional economic wisdom, capital income taxes should be low. The
purpose of this paper is to cast doubt on this general conclusion and to show that theory can …

The Spanish population will experience significant aging in coming years. This demographic
change will impose a heavy burden on the national budget. In particular, expenditure on …