In Pakistan there is a ubiquity of firms in which there exists a controlling shareholder, usually in the form of the family. By and large this control is maintained via crossshareholding and inter-locked directorships which in turn is facilitated by the pyramidal organization of these firms....

Der vorliegende Beitrag beschäftigt sich mit der Verteilung von Vermögenswerten (Immobilien- und Sachwerten, Finanzvermögen, Netto-Vermögen/Einkommen sowie Erbe/ Schenkungen) in der österreichischen Gesellschaft aus einer klassenanalytischen Perspektive. Die Analyse wirft ein Licht auf die...

Economic policy in the EU faces a trilemma of solving three challenges simultaneously - growth, distribution, and the environment. In order to assess policies that address these issues simultaneously, economic models need to account for both sector-sector and sector-environment feedbacks within...

Economic policy in the EU faces a trilemma of solving three challenges simultaneously - growth, distribution, and the environment. In order to assess policies that address these issues simultaneously, economic models need to account for both sector-sector and sector-environment feedbacks within...

The paper presents a benchmark multi-sectoral stock-flow consistent (SFC) macro model which addresses issues of production, energy, and emissions in a demand-driven framework. The model introduces three innovations in modeling the production side of the economy. First, the firms and the energy...

Generous unemployment benefits lie at the heart of the conventional explanation for persistent high unemployment. The micro evidence suggests modest effects of changes in generosity, but there are reasons to doubt that the impacts on national unemployment rates are consequential. The authors...