International Capital Markets as a Means of Financing Climate Action: Smooth Sailing or Stormy Waters? (2025)
Report
Dryden, A., & Volz, U. (2025). International Capital Markets as a Means of Financing Climate Action: Smooth Sailing or Stormy Waters?

While capital markets hold great potential for mobilising the vast sums required for climate mitigation and adaptation, their volatility presents significant risks to emerging and developing economies (EMDEs). This study examines the role that intern... Read More about International Capital Markets as a Means of Financing Climate Action: Smooth Sailing or Stormy Waters?.

Adjusting for time but not money: financial barriers to PhD study for people with long-term health conditions in the UK. (2024)
Book Chapter
Modern, J. K. (2024). Adjusting for time but not money: financial barriers to PhD study for people with long-term health conditions in the UK. In K. F. Robinson, M. Carew, & N. Groce (Eds.), Inaccessible Access: Rethinking Disability Inclusion in Academic Knowledge Creation (73-94). Rutgers University Press. https://doi.org/10.36019/9781978841482-006

Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic (2024)
Journal Article
Fattouh, B., Pisicoli, B., & Scaramozzino, P. (2024). Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic. Economic Modelling, 131, Article 106628. https://doi.org/10.1016/j.econmod.2023.106628

This paper analyses the evolution of debt of Italian firms from 2010 to 2020 with special focus on the first year of the Covid-19 pandemic. We use quantile regressions to assess the vulnerabilities of the most indebted firms. On average Italian non-f... Read More about Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic.

The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach (2023)
Journal Article
Joxhe, M., Scaramozzino, P., & Zanaj, S. (2024). The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach. Public Finance Review, 52(2), 182-221. https://doi.org/10.1177/10911421231197280

This paper contrasts the net fiscal position (NFP) of immigrants versus natives using data from the European Survey on Living Conditions for 2007-2015. By employing a quantile regression approach, we find that European and non-European migrants have... Read More about The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach.

Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (31-48). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_3

In the current age of hyper-specialisation in the economic profession, the range of interests of Giancarlo Marini stands out for their breadth and originality. Marini gave significant contributions to monetary and fiscal policy and their interactions... Read More about Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist.

Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (11-29). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_2

Monetary authorities have the advantage over the private sector because of the longevity of their institutions and their exclusive power to issue fiat money. These defining features of central banking have, however, been overlooked by much of the rec... Read More about Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy.

Introduction: Time and Economic Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Introduction: Time and Economic Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (1-8). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_1

What is the role today of monetary and fiscal policy? The past few years have seen an intensification of the debate on the scope and rationale of economic policy, stimulated by the responses to the massive economic shocks which affected the global ec... Read More about Introduction: Time and Economic Policy.

Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (2023)
Book
Imbriani, C., & Scaramozzino, P. (Eds.). (2023). Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments. Springer Nature. https://doi.org/10.1007/978-3-031-36518-8

This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007/2008 financial crisis and the COVID-19 pandemic, it discusses the relevance and effectiveness of various traditional economic poli... Read More about Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments.

The Rise of Social Protection in the Global South: The Role of Foreign Aid (2022)
Report
Niño-Zarazúa, M., Horigoshi, A., Santillán Hernández, A., & Ernesto, T. (2022). The Rise of Social Protection in the Global South: The Role of Foreign Aid

More than half of the world’s population has no access to social safety nets or social insurance. What is international development aid doing to address this? This study demonstrates that, while international aid has contributed to the expansion of s... Read More about The Rise of Social Protection in the Global South: The Role of Foreign Aid.

The Logic of Collective Action -The Need to Identify Strategic Public Finance Issues Previously Neglected (2022)
Presentation / Conference Contribution
Julies, A. (2022, May). The Logic of Collective Action -The Need to Identify Strategic Public Finance Issues Previously Neglected. Paper presented at SOAS Virtual Doctoral Conference, SOAS, University of London

Informality and Pension Reforms in Bolivia: The Case of Renta Dignidad (2022)
Journal Article
Canelas, C., & Niño-Zarazúa, M. (in press). Informality and Pension Reforms in Bolivia: The Case of Renta Dignidad. The Journal of Development Studies, 58(7), 1436-1458. https://doi.org/10.1080/00220388.2022.2061856

How social protection programmes affect work choices is a question that has been at the centre of labour economics research for decades. More recently, a scant literature has focused on the effects of social protection on work choices and informal em... Read More about Informality and Pension Reforms in Bolivia: The Case of Renta Dignidad.

Public Banks, Public Purpose, and Early Actions in the Face of Covid-19 (2022)
Journal Article
Barrowclough, D., & Marois, T. (2022). Public Banks, Public Purpose, and Early Actions in the Face of Covid-19. Review of Political Economy, 34(2), 372-390. https://doi.org/10.1080/09538259.2021.1996704

With the outbreak of the global Covid-19 pandemic and associated lockdowns, economic activity came to a grinding halt as demands for financial support in health, business, and government skyrocketed. In spring 2020 we assembled a team of experts to c... Read More about Public Banks, Public Purpose, and Early Actions in the Face of Covid-19.

COVID-19 debt relief (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 debt relief

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

COVID-19 Debt Relief in the EU (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 Debt Relief in the EU

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of the governments which were called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (CO... Read More about COVID-19 Debt Relief in the EU.

A Dynamic Theory of Public Banks (and why it matters) (2021)
Journal Article
Marois, T. (2022). A Dynamic Theory of Public Banks (and why it matters). Review of Political Economy, 34(2), 356-371. https://doi.org/10.1080/09538259.2021.1898110

Public banks are pervasive, with more than 900 worldwide, and powerful, having assets nearing $49 trillion. Yet they are too often perceived as static financial institutions, based on economic theories that begin from fixed notions of what it is to b... Read More about A Dynamic Theory of Public Banks (and why it matters).

COVID-19 debt relief (2020)
Preprint / Working Paper
Becchetti, L., & Scaramozzino, P. COVID-19 debt relief. London

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

Public Banks And Covid-19: Combatting The Pandemic With Public Finance (2020)
Book
McDonald, D. A., Marois, T., & Barrowclough, D. (Eds.). (2020). Public Banks And Covid-19: Combatting The Pandemic With Public Finance. Municipal Services Project/Eurodad/UNCTAD

Nudging and corporate environmental responsibility: A natural field experiment (2020)
Journal Article
Becchetti, L., Salustri, F., & Scaramozzino, P. (in press). Nudging and corporate environmental responsibility: A natural field experiment. Food Policy, 97, 1-17. https://doi.org/10.1016/j.foodpol.2020.101951

We devise a “nudging” natural field experiment to test the impact of a simple form of advertising on environmentally responsible products with/without the increase of the responsible product price. We find that the simple use of a small shelf poster... Read More about Nudging and corporate environmental responsibility: A natural field experiment.

The economic impacts of ocean acidification on shellfish fisheries and aquaculture in the United Kingdom (2018)
Journal Article
Mangi, S. C., Lee, J., Pinnegar, J. K., Law, R. J., & Birchenough, S. N. (2018). The economic impacts of ocean acidification on shellfish fisheries and aquaculture in the United Kingdom. Environmental Science & Policy, 86, 95-105. https://doi.org/10.1016/j.envsci.2018.05.008

Decentralization and Accountability in Authoritarian Regimes: Evidence from Rural China (2017)
Preprint / Working Paper
Pesque-Cela, V. Decentralization and Accountability in Authoritarian Regimes: Evidence from Rural China. Stockholm

Abstract: Can political decentralization and the introduction of local elections improve government accountability and public goods provision in a non-democratic regime like China? Political decentralization reforms in China have only been implemente... Read More about Decentralization and Accountability in Authoritarian Regimes: Evidence from Rural China.