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Crude oil and stock markets in the COVID-19 crisis: Evidence from oil exporters and importers (2021)
Journal Article
Heinlein, R., Legrenzi, G., & Mahadeo, S. (2021). Crude oil and stock markets in the COVID-19 crisis: Evidence from oil exporters and importers. Quarterly Review of Economics and Finance, 82, 223-229. https://doi.org/10.1016/j.qref.2021.09.007

Financial assets tend to immediately react to the developments of a global crisis. We investigate how the relationship between crude oil and stock market returns for a heterogeneous selection of oil exporters and importers has been affected in the on... Read More about Crude oil and stock markets in the COVID-19 crisis: Evidence from oil exporters and importers.

Institutional Economics and Mythopoetics (2021)
Book Chapter
Wrenn, M. (2021). Institutional Economics and Mythopoetics. In C. Whalen (Ed.), Institutional economics: Perspectives and methods in search of a better world. Routledge

Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction (2021)
Journal Article
Sissoko, C. (2022). Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction. Economic History Review, 75(2), 601-632. https://doi.org/10.1111/ehr.13110

This paper studies in detail the changes that took place in the Bank of England’s Restriction era policies governing private sector lending. We find that the Bank was adapting to novel monetary circumstances, created both by the evolution of the Engl... Read More about Becoming a central bank: The development of the Bank of England's private sector lending policies during the Restriction.

Do financial markets respond to macroeconomic surprises? Evidence from the UK (2021)
Journal Article
Heinlein, R., & Lepori, G. M. (2022). Do financial markets respond to macroeconomic surprises? Evidence from the UK. Empirical Economics, 62, 2329–2371. https://doi.org/10.1007/s00181-021-02108-1

We investigate the response of UK asset prices to a large set of domestic scheduled macroeconomic announcements using data at a daily frequency from 1998 to 2017. Our results are mostly consistent with economic theory and follow two general patterns:... Read More about Do financial markets respond to macroeconomic surprises? Evidence from the UK.

Boss-babes and predatory optimism: Neoliberalism, gender, and multi-level marketing (2021)
Journal Article
Wrenn, M., & Waller, W. (2021). Boss-babes and predatory optimism: Neoliberalism, gender, and multi-level marketing. Journal of Economic Issues, 55(2), 423-431. https://doi.org/10.1080/00213624.2021.1908805

Abstract: Capitalism always depends on relentless sales efforts to battle against its endemic tendency toward a lack of effective demand. Multi-level marketing schemes (MLMs), which offer individuals the “opportunity” to earn income by becoming indep... Read More about Boss-babes and predatory optimism: Neoliberalism, gender, and multi-level marketing.

Pension funds and domestic bond markets in emerging economies (2021)
Book Chapter
Churchill, J., Bonizzi, B., & Kaltenbrunner, A. (2021). Pension funds and domestic bond markets in emerging economies. In N. Levy-Orlik, J. A. Bustamante-Torres, & L. Rochon (Eds.), Capital Movements and Corporate Dominance in Latin America (55–71). Cheltenham, UK; Northampton, MA, USA: Edward Elgar. https://doi.org/10.4337/9781800372146.00011

This chapter reviews the terms of engagement of foreign and domestic pension funds in the domestic financial markets of emerging economies. Given their longer-time horizon, pension funds are expected to contribute positively to the development of lar... Read More about Pension funds and domestic bond markets in emerging economies.

Progressive tax reform (2021)
Book Chapter
Michell, J. (2021). Progressive tax reform. In P. Allen, S. J. Konzelmann, & J. Toporowski (Eds.), The Return of the State - Restructuring Britain for the Common Good (208). Agenda Publishing Limited

The long expansion and the profit squeeze: Output and profit cycles in Brazil (1996–2016) (2021)
Journal Article
Martins, G. K., & Rugitsky, F. (2021). The long expansion and the profit squeeze: Output and profit cycles in Brazil (1996–2016). Review of Radical Political Economics, 53(3), 373-397. https://doi.org/10.1177/0486613420982083

The present paper argues that the recent Brazilian crisis was related to a cyclical profit squeeze that took place between 2009 and 2014, following the long expansion that started in 2003. To do so, the cyclical trajectories of the output and the pro... Read More about The long expansion and the profit squeeze: Output and profit cycles in Brazil (1996–2016).

Feminist institutionalism and neoliberalism (2021)
Journal Article
Waller, W., & Wrenn, M. (2021). Feminist institutionalism and neoliberalism. Feminist Economics, 27(3), 51-76. https://doi.org/10.1080/13545701.2021.1883194

We argue Neoliberalism is an ideology that requires that the public/private split in human affairs exists and is perceived as normal and natural. Indeed, neoliberalism as an ideology cannot be sustained without public acceptance of the reality of the... Read More about Feminist institutionalism and neoliberalism.

Individualism and attitudes towards reporting corruption: Evidence from post-communist economies (2021)
Journal Article
Amini, C., Douarin, E., & Hinks, T. (2022). Individualism and attitudes towards reporting corruption: Evidence from post-communist economies. Journal of Institutional Economics, 18(1), 85-100. https://doi.org/10.1017/s1744137420000648

Individualistic values are often presented as promoting economic development; however, their links to relevant behaviour and preferences at the micro-level remain under-explored. Here we investigate the relationship between individualistic values and... Read More about Individualism and attitudes towards reporting corruption: Evidence from post-communist economies.

How different is heterodox economists' thinking on teaching?: A contrastive evaluation of interview data (2021)
Journal Article
Mearman, A., Berger, S., & Guizzo, D. (2022). How different is heterodox economists' thinking on teaching?: A contrastive evaluation of interview data. Review of Political Economy, 34(1), 45-68. https://doi.org/10.1080/09538259.2020.1869402

This paper explores how differently heterodox and mainstream economists think about teaching. It draws on data from interviews with sixteen leading heterodox economists, which we analyse according to the principles of thematic analysis. We find consi... Read More about How different is heterodox economists' thinking on teaching?: A contrastive evaluation of interview data.

The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development? (2021)
Journal Article
Dafermos, Y., Gabor, D., & Michell, J. (2021). The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development?. Canadian Journal of Development Studies / Revue canadienne d'études du développement, 42(1-2), 238-251. https://doi.org/10.1080/02255189.2020.1865137

The COVID-19 pandemic has reinforced the dominance of what Daniela Gabor calls the Wall Street Consensus (WSC) as the hegemonic approach to sustainable development. Public commitments to “green recoveries” and climate resilience, growing fiscal defic... Read More about The Wall Street Consensus in pandemic times: What does it mean for climate-aligned development?.

Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital (2021)
Journal Article
Sissoko, C. (2021). Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital. Development and Change, 52(1), 192-201. https://doi.org/10.1111/dech.12629

This review essay of Katharina Pistor's Code of Capital summarizes her argument: legal practice is all about the design of capital assets so that their owners' interests are maximized, and so that courts will not stop these owners from taking unfair... Read More about Modern legal practice as the engine of inequality: An essay on Katharina Pistor’s The Code of Capital.