The return of austerity imperils global health (2023)
Journal Article
Stubbs, T., Kentikelenis, A., Gabor, D., Ghosh, J., & McKee, M. (2023). The return of austerity imperils global health. BMJ Global Health, 8(2), e011620. https://doi.org/10.1136/bmjgh-2022-011620

Recognising the world's lack of preparedness for the COVID-19 pandemic, international organisations like the World Health Organization, World Bank, and International Monetary Fund are calling for extensive additional funding to strengthen pandemic pr... Read More about The return of austerity imperils global health.

Institutional supercycles: An evolutionary macro-finance approach (2023)
Journal Article
Dafermos, Y., Gabor, D., & Michell, J. (2023). Institutional supercycles: An evolutionary macro-finance approach. New Political Economy, 28(5), 693-712. https://doi.org/10.1080/13563467.2022.2161497

We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institu... Read More about Institutional supercycles: An evolutionary macro-finance approach.

Creating jobs in low- and middle-income countries through demand-side policies (2023)
Report
Michell, J., & Aboobaker, A. (2023). Creating jobs in low- and middle-income countries through demand-side policies. https://www.ilo.org: International Labour Organisation (ILO)

This brief focuses on demand-side policies for promoting employment in LMCs. The shifting consensus on macroeconomic policy in advanced economies, alongside growing acceptance of industrial policy, provides an important opportunity for reconsideratio... Read More about Creating jobs in low- and middle-income countries through demand-side policies.

Oil and US stock market shocks: Implications for Canadian equities (2023)
Journal Article
Heinlein, R., & Mahadeo, S. (2023). Oil and US stock market shocks: Implications for Canadian equities. Canadian Journal of Economics / Revue Canadienne d'Économique, 56(1), 247-287. https://doi.org/10.1111/caje.12641

Oil and US stock market shocks are relevant to Canadian equities because Canada is an oil exporter exposed to market developments in the wider continent. We evaluate how the relationship between Canadian stock market indices and such external shocks... Read More about Oil and US stock market shocks: Implications for Canadian equities.

Tracing the sources of contagion in the oil-finance nexus (2022)
Book Chapter
Mahadeo, S., Heinlein, R., & Legrenzi, G. (2022). Tracing the sources of contagion in the oil-finance nexus. In C. Floros, & I. Chatziantoniou (Eds.), Applications in Energy Finance (115-143). Springer. https://doi.org/10.1007/978-3-030-92957-2_5

We introduce an approach to trace the genesis of contagion occurring in the oil-finance nexus, which consolidates veteran non-linear oil price measures derived from the empirical oil literature, to construct a rule-based specification for filtering s... Read More about Tracing the sources of contagion in the oil-finance nexus.

Dow, Keynes and the pragmatic tradition: More in common? (2022)
Book Chapter
Churchill, J. (2022). Dow, Keynes and the pragmatic tradition: More in common?. In I. Negru, & P. Hawkins (Eds.), Economic Methodology, History and Pluralism: Expanding Economic Thought to Meet Contemporary Challenges. Taylor & Francis. https://doi.org/10.4324/9781003142324

Dow has demonstrated the significance of methodology for delineating schools of thought in macroeconomics. One methodological distinction relates to the perceived importance of uncertainty, especially for the economic theorist. Placing uncertainty ce... Read More about Dow, Keynes and the pragmatic tradition: More in common?.

Family influences on migration intentions: The role of past experience of involuntary immobility (2022)
Journal Article
Brunarska, Z., & Ivlevs, A. (2023). Family influences on migration intentions: The role of past experience of involuntary immobility. Sociology, 57(5), 1060-1077. https://doi.org/10.1177/00380385221136060

The article examines the relationship between past experience of involuntary immobility in a family and the current migration intentions of its members. While family migration experience has been shown to be positively related to migration intentions... Read More about Family influences on migration intentions: The role of past experience of involuntary immobility.

Crowding in during the Seven Years’ War (2022)
Working Paper
Sissoko, C., & Palma, N. Crowding in during the Seven Years’ War

We present a detailed study of the Seven Years’ War (1756–1763) using a new dataset based on the Bank of England minutes. We argue that the war and associated Bank of England actions led to a transformation of the financial system. Additionally, whil... Read More about Crowding in during the Seven Years’ War.

The dangerous fiction of the "fiscal black hole" (2022)
Report
Michell, J., & Calvert Jump, R. (2022). The dangerous fiction of the "fiscal black hole". Progressive Economy Forum

Media reporting of the economy and choices facing the new Prime Minister and Chancellor has focused on a supposed ‘black hole’ in the public finances, typically given as being around £50bn in five years’ time. This has been presented as an urgent pri... Read More about The dangerous fiction of the "fiscal black hole".

Do international tourist arrivals change residents’ attitudes towards immigration? A longitudinal study of 28 European countries (2022)
Journal Article
Ivlevs, A., & Smith, I. (2024). Do international tourist arrivals change residents’ attitudes towards immigration? A longitudinal study of 28 European countries. Tourism Economics, 30(1), 104-131. https://doi.org/10.1177/13548166221137950

Can international tourist arrivals change residents’ attitudes towards immigrants and immigration? We discuss possible underlying mechanisms and provide the first evidence on this question using data from the European Social Survey (2002–2019; n=333,... Read More about Do international tourist arrivals change residents’ attitudes towards immigration? A longitudinal study of 28 European countries.

Notas sobre acumulação de capital e “epidemias” contemporâneas (2022)
Journal Article
Rugitsky, F. (2022). Notas sobre acumulação de capital e “epidemias” contemporâneas. Cadernos de Saúde Pública, 38(suppl 2), Article e00081921. https://doi.org/10.1590/0102-311x00081921

Em alguns anos, quando a humanidade tiver finalmente superado o estado de calamidade causado pelo novo coronavírus, é possível que reste a sensação de que a pandemia foi uma crise pontual, um ponto fora das longas curvas de redução da taxa de mortali... Read More about Notas sobre acumulação de capital e “epidemias” contemporâneas.

Corporate mindfulness culture and neoliberalism (2022)
Journal Article
Wrenn, M. V. (2022). Corporate mindfulness culture and neoliberalism. Review of Radical Political Economics, 54(2), 153-170. https://doi.org/10.1177/04866134211063521

Corporate mindfulness is the favorite labor management technique of the neoliberal period. The formalized packaging of corporate mindfulness began in the late 1970s but was built on a long tradition of attempts to hack the minds of workers in the Uni... Read More about Corporate mindfulness culture and neoliberalism.

Should central bank liquidity be a vehicle for fiscal disciplining? (2022)
Journal Article
Vestergaard, J., & Gabor, D. (2022). Should central bank liquidity be a vehicle for fiscal disciplining?. Cambridge Journal of Economics, 46(3), 491-509. https://doi.org/10.1093/cje/beac010

With notable exceptions, central banking scholars typically pay little attention to collateral frameworks, and therein, to the haircuts applied to the collateral assets pledged to access central bank liquidity. One such exception, Kjell Nyborg (2017)... Read More about Should central bank liquidity be a vehicle for fiscal disciplining?.

Connectedness between G10 currencies: Searching for the causal structure (2022)
Journal Article
Bettendorf, T., & Heinlein, R. (2023). Connectedness between G10 currencies: Searching for the causal structure. International Journal of Finance and Economics, 28(4), 3938-3959. https://doi.org/10.1002/ijfe.2629

This paper presents a new approach for modelling the connectedness between asset returns. We adapt the measure of Diebold and Yilmaz, which is based on the forecast error variance decomposition of a VAR model. However, their connectedness measure hin... Read More about Connectedness between G10 currencies: Searching for the causal structure.

Endogenous fluctuations and international business cycles (2022)
Journal Article
McKnight, S., & Povoledo, L. (2022). Endogenous fluctuations and international business cycles. Canadian Journal of Economics / Revue Canadienne d'Économique, 55(1), 312-348. https://doi.org/10.1111/caje.12580

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition to analyze the role of self-fulfilling expectations or beliefs in explaining international business cycles. We find that, when self-fulfilling... Read More about Endogenous fluctuations and international business cycles.

Understanding modern money: When the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short (2022)
Digital Artefact
Sissoko, C. (2022). Understanding modern money: When the monetary tail is wagging the real economy dog, economic models that don’t take bank regulation into account fall short. [Roundtable publication]

Contagion testing in frontier markets under alternative stressful S&P 500 market scenarios (2022)
Journal Article
Mahadeo, S., Heinlein, R., & Legrenzi, G. (2022). Contagion testing in frontier markets under alternative stressful S&P 500 market scenarios. North American Journal of Economics and Finance, 60, Article 101629. https://doi.org/10.1016/j.najef.2021.101629

We use alternative approaches to identify stable and stressful scenarios in the S&P 500 market, to offer a new perspective for constructing contagion tests in recipient frontier markets vulnerable to disturbances from this source market. The S&P 500... Read More about Contagion testing in frontier markets under alternative stressful S&P 500 market scenarios.

Preface - Capital and social costs as outcomes of struggles WITH truth (2021)
Book Chapter
Berger, S. (2021). Preface - Capital and social costs as outcomes of struggles WITH truth. In Economics, Accounting and the True Nature of Capitalism: Capitalism, Ecology and Democracy. Routledge

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