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All Outputs (109)

Climate Change and Fiscal Sustainability: Risks and Opportunities (2021)
Journal Article
Agarwala, M., Burke, M., Klusak, P., Mohaddes, K., Volz, U., & Zenghelis, D. (2021). Climate Change and Fiscal Sustainability: Risks and Opportunities. National Institute Economic Review, 258, 28-46. https://doi.org/10.1017/nie.2021.37

Both the physical and transition-related impacts of climate change pose substantial macroeconomic risks. Yet, markets still lack credible estimates of how climate change will affect debt sustainability, sovereign creditworthiness and the public finan... Read More about Climate Change and Fiscal Sustainability: Risks and Opportunities.

Seeing Covid-19 Through a Subprime Crisis lens: How Structural and Institutional Racism Have Shaped 21st Century Crises in the U.K. and the U.S. (2021)
Journal Article
Curry, F., Dymski, G., Lewis, T. J., & Szymborska, H. (2022). Seeing Covid-19 Through a Subprime Crisis lens: How Structural and Institutional Racism Have Shaped 21st Century Crises in the U.K. and the U.S. The Review of Black Political Economy, 49(1), 77-92. https://doi.org/10.1177/00346446211065174

This special issue aims to use historical examples to gain insight into the socio-economic impact of, and possibilities of recovery from, the Covid-19 pandemic for Black communities. We approach this question by comparing the impact of the pandemic o... Read More about Seeing Covid-19 Through a Subprime Crisis lens: How Structural and Institutional Racism Have Shaped 21st Century Crises in the U.K. and the U.S..

State Ownership and Innovations: Lessons from the Mixed-Ownership Reforms of China’s Listed Companies (2021)
Journal Article
Lo, D., Gao, L., & Lin, Y. (2022). State Ownership and Innovations: Lessons from the Mixed-Ownership Reforms of China’s Listed Companies. Structural Change and Economic Dynamics, 60, 302-314. https://doi.org/10.1016/j.strueco.2021.12.002

Mixed-ownership reforms have been the mainstay of reforming China's state-owned enterprises (SOEs) in recent years. In relation to the broader context of the continuous slowdown in economic growth under the New Normal, the reshaping of the innovative... Read More about State Ownership and Innovations: Lessons from the Mixed-Ownership Reforms of China’s Listed Companies.

London’s “Super Sewer”: A case study for the interdisciplinary possibilities of anthropologists and economists investigating infrastructure together (2021)
Journal Article
Van Waeyenberge, E., Bowles, B., & Bayliss, K. (2021). London’s “Super Sewer”: A case study for the interdisciplinary possibilities of anthropologists and economists investigating infrastructure together. Research in economic anthropology, 41, 5-30. https://doi.org/10.1108/S0190-128120210000041001

Despite the fact that recent anthropological interest in infrastructure has done much to illuminate the infrastructure asset as an assemblage of actors, technologies and ideas, an interdisciplinary approach is required to unpack how the infrastructur... Read More about London’s “Super Sewer”: A case study for the interdisciplinary possibilities of anthropologists and economists investigating infrastructure together.

Out of the window? Green monetary policy in China: window guidance and the promotion of sustainable lending and investment (2021)
Journal Article
Dikau, S., & Volz, U. (2023). Out of the window? Green monetary policy in China: window guidance and the promotion of sustainable lending and investment. Climate Policy, 23(1), 122-137. https://doi.org/10.1080/14693062.2021.2012122

Chinese monetary and financial authorities have been among the pioneers in promoting green finance. This article investigates the use of one specific monetary policy tool, namely window guidance, by the Peoples’ Bank of China (PBC) and the China Bank... Read More about Out of the window? Green monetary policy in China: window guidance and the promotion of sustainable lending and investment.

The Relevance of Financialization for African Economies: Lessons from South Africa (2021)
Preprint / Working Paper
Ashman, S., Fine, B., & Karwowski, E. The Relevance of Financialization for African Economies: Lessons from South Africa. London

While research has highlighted that financialization critically affects African economies and societies through its effect upon commodity prices, international value chain participation, and land, there are few accounts of the systemic and macroecono... Read More about The Relevance of Financialization for African Economies: Lessons from South Africa.

The Effects of Natural Disasters on Price Stability in the Euro Area (2021)
Preprint / Working Paper
Beirne, J., Dafermos, Y., Kriwoluzky, A., Renzhi, N., Volz, U., & Wittich, J. The Effects of Natural Disasters on Price Stability in the Euro Area. London

This paper investigates the impact of natural disasters on price stability in the euro area. We estimate panel and country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly data for... Read More about The Effects of Natural Disasters on Price Stability in the Euro Area.

Work in agro-industry and the social reproduction of labour in Mozambique: contradictions in the current accumulation system (2021)
Journal Article
Ali, R., & Stevano, S. (2021). Work in agro-industry and the social reproduction of labour in Mozambique: contradictions in the current accumulation system. Review of African political economy, 49(171), 67-86. https://doi.org/10.1080/03056244.2022.1990624

This article discusses the tensions between job creation and employment quality in the system of accumulation in Mozambique. Addressing job quality is central because Mozambique’s economic structure has mostly failed to generate stable work and pay a... Read More about Work in agro-industry and the social reproduction of labour in Mozambique: contradictions in the current accumulation system.

Reframing incentives for climate policy action (2021)
Journal Article
Mercure, J.-F., Salas, P., Vercoulen, P., Semieniuk, G., Lam, A., Pollitt, H., Holden, P. B., Vakilifard, N., Chewpreecha, U., Edwards, N. R., & Viñuales, J. E. (2021). Reframing incentives for climate policy action. Nature Energy, 6, 1133-1143. https://doi.org/10.1038/s41560-021-00934-2

A key aim of climate policy is to progressively substitute renewables and energy efficiency for fossil fuel use. The associated rapid depreciation and replacement of fossil-fuel-related physical and natural capital entail a profound reorganization of... Read More about Reframing incentives for climate policy action.

National states, transnational institutions, and hegemony in the EU (2021)
Journal Article
Lapavitsas, C., & Cutillas, S. (2022). National states, transnational institutions, and hegemony in the EU. Evolutionary and Institutional Economics Review, 19(1), 429-448. https://doi.org/10.1007/s40844-021-00227-z

The institutional framework of the EU was altered by the pandemic shock of 2020, introducing greater discretion in both monetary and fiscal policy. The changes relate mostly to monetary policy and cast light on the theoretical debates regarding natio... Read More about National states, transnational institutions, and hegemony in the EU.

Review of: 'Gender Inequality: Socioeconomic Analysis and Developing Country Case Studies', Clement A.Tisdell, World Scientific Publishing Co. Pty. Ltd. Singapore, 2021, Pp. 363 + xxxii, ISBN 9 789 81120 082 3 (2021)
Journal Article
Booth, A. (2021). Review of: 'Gender Inequality: Socioeconomic Analysis and Developing Country Case Studies', Clement A.Tisdell, World Scientific Publishing Co. Pty. Ltd. Singapore, 2021, Pp. 363 + xxxii, ISBN 9 789 81120 082 3. Asian-Pacific Economic Literature, 35(2), 172-173. https://doi.org/10.1111/apel.12339

The Workplace at the Bottom of Global Supply Chains as a Site of Reproduction of Colonial Relations: Reflections on the Cashew-Processing Industry in Mozambique (2021)
Journal Article
Stevano, S. (2023). The Workplace at the Bottom of Global Supply Chains as a Site of Reproduction of Colonial Relations: Reflections on the Cashew-Processing Industry in Mozambique. Gender, Work and Organization, 30(2), 496-509. https://doi.org/10.1111/gwao.12757

In the context of global supply chains, the workplace is a site of realization of global–local interrelations and materialization of class, gender and race exploitation. This paper explores these relations in the Mozambican cashew-processing factory,... Read More about The Workplace at the Bottom of Global Supply Chains as a Site of Reproduction of Colonial Relations: Reflections on the Cashew-Processing Industry in Mozambique.

Sovereign credit ratings during the COVID-19 pandemic. (2021)
Journal Article
Tran, Y., Vu, H., Klusak, P., Kraemer, M., & Hoang, T. (2021). Sovereign credit ratings during the COVID-19 pandemic. International Review of Financial Analysis, 78, Article 101879. https://doi.org/10.1016/j.irfa.2021.101879

Using 603 sovereign rating actions by the three leading global rating agencies between January 2020 and March 2021, this paper shows that the severity of sovereign ratings actions is not directly affected by the intensity of the COVID-19 health crisi... Read More about Sovereign credit ratings during the COVID-19 pandemic..

China: capital flight or renminbi internationalization? (2021)
Journal Article
van Naije, P., de Conti, B., & Zucker-Marques, M. (2021). China: capital flight or renminbi internationalization?. Review of Keynesian Economics, 9(4), 552-574. https://doi.org/10.4337/roke.2021.04.06

During 2014–2016, many analysts have claimed the occurrence of a capital flight in China due to the reduction of the country's foreign reserves by over US$800 billion. This paper aims therefore to answer the question: did China really undergo a capit... Read More about China: capital flight or renminbi internationalization?.

Climate change, central banking and financial supervision: beyond the risk exposure approach (2021)
Preprint / Working Paper
Dafermos, Y. Climate change, central banking and financial supervision: beyond the risk exposure approach. London

It is now increasingly accepted that central banks and financial supervisors can no longer ignore climate change. However, there is no consensus on how they should address climate issues. On the one hand, there is a view that central banks and financ... Read More about Climate change, central banking and financial supervision: beyond the risk exposure approach.

Rwanda’s Agricultural Transformation Revisited: Stagnating Food Production, Systematic Overestimation, and a Flawed Performance Contract System (2021)
Preprint / Working Paper
Heinen, S. Rwanda’s Agricultural Transformation Revisited: Stagnating Food Production, Systematic Overestimation, and a Flawed Performance Contract System. London

Sustained productivity growth in the agricultural sector is a key component of a country’s path out of poverty. The quantitative development of Rwanda’s agriculture in recent years has been widely regarded as a success story and as further evidence f... Read More about Rwanda’s Agricultural Transformation Revisited: Stagnating Food Production, Systematic Overestimation, and a Flawed Performance Contract System.