Skip to main content

Research Repository

Advanced Search

All Outputs (70)

A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations
Working Paper
Michell, J. (2014). A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations

Post Keynesian economics has largely forgotten Steindl's insight that monopolisation of the corporate sector redistributes profits to those firms least likely to invest them productively. Agent-based methods can be used to incorporate Steindl's insig... Read More about A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations.

Resistance to change in government: Risk, inertia and incentives
Working Paper
Ritchie, F. (2014). Resistance to change in government: Risk, inertia and incentives. Bristol

There is a popular impression that governments are resistant to change and innovation, and that this is due to a combination of overly bureaucratic processes and a culture of risk aversion. It is debatable that this is well-founded, theoretically or... Read More about Resistance to change in government: Risk, inertia and incentives.

Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources
Working Paper
Ritchie, F., & Welpton, R. (2014). Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources. Bristol

Traditional models of incentivising people suggest that positive incentives are more effective than negative ones. We argue that in data access the opposite can be true, as the assumptions made at the design stage can fundamentally change the user en... Read More about Addressing the human factor in data access: Incentive compatibility, legitimacy and cost-effectiveness in public data resources.

Operationalising ‘safe statistics’: The case of linear regression
Working Paper
Ritchie, F. (2014). Operationalising ‘safe statistics’: The case of linear regression. Bristol

The recent growth in research access to confidential government microdata has prompted the development of more general 'output-based statistical disclosure control' (OSDC) methods which go beyond tabular protection. Central to OSDC is the concept of... Read More about Operationalising ‘safe statistics’: The case of linear regression.

Analysing Finance and Production in the Contemporary Capitalist Era
Working Paper
Chester, L., & Newman, S. (2014). Analysing Finance and Production in the Contemporary Capitalist Era

here has been a dramatic restructuring of the global economy as the dictates of neoliberalism have reconfigured the contemporary capitalist system of accumulation which has involved a seismic shift from industrial to finance capital. There have been... Read More about Analysing Finance and Production in the Contemporary Capitalist Era.

Working paper no.39: Finance and crisis: Marxian, institutionalist and circuitist approaches
Working Paper
circuitist approaches. Leeds

Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of te... Read More about Working paper no.39: Finance and crisis: Marxian, institutionalist and circuitist approaches.

Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income
Working Paper
Michell, J. (2014). Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income. Leeds

The distribution of income between capital and labour has, until very recently, been ignored by the majority of the economics profession. At the same time, the rate of wage growth has systematically lagged the growth of productivity, leading to a fal... Read More about Working paper no. 41: Factors generating and transmitting the crisis: Functional distribution of income.

The role of social norms in incentivising energy reduction in organisations
Working Paper
Bradley, P., Leach, M., & Fudge, S. (2014). The role of social norms in incentivising energy reduction in organisations. Bristol, UK

This study was part of a collaborative trial for an energy feedback intervention, providing detailed individual desk based energy feedback information to help individuals reduce energy in an office environment. Although the intervention was individua... Read More about The role of social norms in incentivising energy reduction in organisations.

Financialization, price risks, and global commodity chains: Distributional implications on cotton sectors in Sub-Saharan Africa
Working Paper
in Sub-Saharan Africa. Austria

The functioning of commodity markets has changed related to processes of financialization that involve two major developments – the rise of financial interest on commodity derivative markets through the increasing presence of financial investors and... Read More about Financialization, price risks, and global commodity chains: Distributional implications on cotton sectors in Sub-Saharan Africa.

User-focused threat identification for anonymised microdata
Working Paper
Hafner, H., Lenz, R., & Ritchie, F. (2015). User-focused threat identification for anonymised microdata. Bristol

When producing anonymised microdata for research, national statistics institutes (NSIs) identify a number of 'risk scenarios' of how intruders might seek to attack a confidential dataset. This paper argues that the strategy used to identify confident... Read More about User-focused threat identification for anonymised microdata.

DSGE models and the Lucas Critique. A historical appraisal
Working Paper
Sergi, F. (2018). DSGE models and the Lucas Critique. A historical appraisal. Economics Working Papers

This contribution to the history of the economic thought aims at describing how “Econometric Policy Evaluation: A Critique” (Lucas, 1976) has been interpreted through four decades of debates. This historical appraisal clarifies how Lucas’s argument i... Read More about DSGE models and the Lucas Critique. A historical appraisal.

Urban food security in the context of inequality and dietary change: A study of schoolchildren in Accra
Working Paper
Stevano, S., Johnston, D., & Codjoe, E. (2018). Urban food security in the context of inequality and dietary change: A study of schoolchildren in Accra

Diets are changing globally, as agricultural and food systems have become globalised and created new forms of food production, distribution, and trade. Understanding how patterns of globalisation affect the welfare of populations is a key development... Read More about Urban food security in the context of inequality and dietary change: A study of schoolchildren in Accra.

Can corporate social reporting mitigate reputational risk? The role of ambivalence and attribution
Working Paper
Chen, Z., Hang, H., Pavelin, S., & Porter, L. Can corporate social reporting mitigate reputational risk? The role of ambivalence and attribution

While disclosing corporate social and environmental performance has become a common practice around the world, whether such reporting can effectively mitigate reputational risk remains unclear. The existing empirical evidence is not only indirect b... Read More about Can corporate social reporting mitigate reputational risk? The role of ambivalence and attribution.

Reacting to the Lucas Critique: The Keynesians' pragmatic replies
Working Paper
Goutsmedt, A., Pinzon-Fuchs, E., Renault, M., & Sergi, F. (2017). Reacting to the Lucas Critique: The Keynesians' pragmatic replies. Paris, France

We illustrate how the Lucas Critique was called into question by Keynesian macroeconomists during the 1970s and 1980s. Our claim is that Keynesians' reactions were carried out from a pragmatic approach, which addressed the empirical and practical rel... Read More about Reacting to the Lucas Critique: The Keynesians' pragmatic replies.

Climate change, financial stability and monetary policy
Working Paper
Dafermos, Y., Nikolaidi, M., & Galanis, G. (2017). Climate change, financial stability and monetary policy

Using a stock-flow-fund ecological macroeconomic model, we analyse (i) the effects of climate change on financial stability and (ii) the financial and global warming implications of a green quantitative easing (QE) programme. Emphasis is placed on th... Read More about Climate change, financial stability and monetary policy.