The article analyses the issue of economic inequality in the transition economies of Central, East and Southeast Europe. It consists of a literature review and a descriptive analysis as well as an econometric modelling exercise. In the first part we point at the fact that the rise in income...

When income is redistributed at national level, the minimum requirement is that the transfers should be progressive, that is flow from richer to poorer individuals. The same rule should hold at the global level: it is not sufficient that transfers be from a richer to a poorer country. But...

The paper considers the dynamic adjustments of an average opinion index that can be derived from a microfounded framework where the individual agents switch between two kinds of sentiment with certain transition probabilities. The index can thus represent a general business climate, i.e.,...

This paper presents a stock-flow consistent growth model which is set in the Post-Keynesian tradition. A key feature of the model, however, is that real government expenditures grow at a rate which is compatible over the long period with a constant rate of unemployment (at the "natural rate of...

Most Kaleckian models assume a perfectly elastic labor supply, an assumption that is questionable for many developed economies. This paper presents simple labor-constrained Kaleckian models and uses these models to compare the implications of financialization under labor-constrained and...

The paper develops a three-asset-portfolio model to analyse consequences of foreign exchange market operations by Asian central banks on the exchange rates between euro, dollar and an Asian currency. It is found that - contrary to public belief - the purchase of dollar assets by Asian central...

It is with some significant changes that the journal Intervention enters its fifth year of existence. From now on the journal will be published by Metropolis, Marburg, which is widely known in the German-speaking region for its extensive publishing programme in the area of economics. With this...

First paragraph: Professor Atkinson, does the topic of inequality get more attention today?

Erster Absatz: Ein wesentlicher Zweck staatlichen Handelns wurde bis Anfang der 1970er Jahre in vielen europäischen Ländern in der Reduktion von Unsicherheit bzw. in der Produktion von Sicherheit für soziale Situationen gesehen, die durch individuelles, gemeinschaftliches oder marktmäßiges...

Erster Absatz: Dieser Artikel widmet sich einer Vorfrage, ja Vorbedingung für die Einkommens- und Vermögensverteilung: Innerhalb des Arbeitsmarktes wird die Frage der Arbeitszeiten untersucht. Die Frauenbeschäftigung in der Europäischen Union (EU) ist gestiegen, wie von Seiten der EU...