Providing a basic income to everyone, rich or poor, active or inactive, was advocated by
Paine, Mill, and Galbraith but the idea was never taken seriously. Today, with the welfare …

Creating the European monetary union between diverse and unequal nation states is
arguably one of the biggest social experiments in history. This book offers an explanation of …

We provide an overview of microsimulation approaches for assessing the effects of policy on
income distribution. We focus on the role of tax-benefit policies and review the concept of …

This chapter reviews the use of microsimulation in understanding income inequality. The
primary added value of microsimulation models is the capacity to simulate counterfactual …

After significant progress as an immediate result of the euro crisis, the drive to complete
Europe's Economic and Monetary Union (EMU) has decelerated. While there is a broad …

This is the first paper that assesses the importance of different stabilization channels of an
unemployment insurance system for the euro area (EA). We provide insights into the …

While there is ample evidence on the linkage between public debt and economic growth for
national economies, far fewer investigations have been carried out at the subnational level …

For many political economists, the loss of monetary sovereignty is the major reason why the
Southern periphery fared so badly in the Euro area crisis. Monetary sovereignty here means …

If a group of countries were to introduce a common unemployment insurance system, what
should it look like? Using a two-country business cycle model with incomplete financial …

This contribution develops a blueprint for a European fiscal union. We argue that a viable
European fiscal union can be constructed without joint liability for public debt or a …