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"Basic public pension schemes and cut backs in earnings-related public pensions led to an increasing role of supplementary pensions such as pension funds for old-age incomes. In addition to demographic changes that challenge public pensions, private pensions face financial market risks. To what extent are the scope of pension fund capitalism and the impact of financial crises on pension funds related to different institutional arrangements? Given that different production regimes reflect different pension systems, we expect systematic diversities with regard to the public-private pension mix and the specific design of supplementary pensions. These varieties should be mirrored in different forms of vulnerability of pension funds to financial market crises. We hypothesize a higher scope of pension fund capitalism and vulnerability to financial market crises in countries with predominant market-based coordination mechanisms and short term strategies on financial markets (i.e. Liberal Market Economies)." [author's abstract]

"Preface" -- "Contents" -- "Notes on Authors" -- "List of Figures " -- "List of Tables " -- "Monetary Policy Since the Global Financial Crisis" -- "1 Introduction " -- "2 Inflation Targeting" -- "2.1 Theoretical Aspects of IT" -- "2.2 Theoretical and Empirical Problems of IT" -- "3 Monetary Policy Reactions Following the GFC and GR" -- "3.1 Reaction of the Main Central Banks" -- " US Fed Reactions" -- " UK BoE Reactions" -- " EMU ECB Reactions" -- "3.2 Unorthodox Monetary Policies" -- " Quantitative Easing" -- " Zero and Negative Interest Rates" -- "4 Financial Stability" -- "5 Summary and Conclusions" -- "References" -- "Lessons on Fiscal Policy After the Global Financial Crisis" -- "1 Introduction " -- "2 Fiscal Policy as Seen Before the Financial Crisis" -- "3 First Responses of Fiscal Policy After the Financial Crisis" -- "4 Second Rounds of Responses of Fiscal Policy" -- "5 The 'Debt Scare'" -- "6 The 'Multiplier'" -- "7 Composition of Deficit Reduction" -- "8 Structural Budgets" -- "8.1 Introduction to Structural Budgets" -- "8.2 'Potential Output'" -- "8.3 Estimating 'Potential Output'" -- "8.4 'Potential Output' and Unemployment" -- "8.5 Why Do Structural Budget Deficits Persist?" -- "9 Concluding Comments" -- "References" -- "Inequality and the Need for Relevant Policies" -- "1 Introduction " -- "2 Inequality Since 2008" -- "3 Why Is There So Much Inequality?" -- "3.1 Dimensions of Inequality" -- "3.2 Structural Factors" -- "3.3 Competitive Advantage Versus Comparative Advantage" -- "3.4 A Race to the Bottom" -- "3.5 Further Distortions" -- "3.6 Mechanisms of Rent Extraction" -- "4 Rentier Capitalism Par Excellence" -- "4.1 Rent Deflation" -- "4.2 Dominance of Financial Capital" -- "4.3 Illicit Financial Outflows

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