Research Papers
-
Working Paper
Mapping Fragility – Functions of Wealth and Social Classes in US Household Finance
Jan 2024
Examining the crucial role of poverty and inequality in shaping household indebtedness.
-
Working Paper
The Art of Paradigm Maintenance: How the ‘Science of Monetary Policy’ tries to deal with the inflation of 2021-2023
Oct 2023
The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?
-
Working Paper
Precedents, Instruments and Targets that the Fed Has Used to Create and Support a Postcrisis Global Safety Net
Sep 2023
Creating the post-2008 global safety net for mega-banks
-
Working Paper
The Horizontal Merger Efficiency Fallacy
Aug 2023
By permitting business definitions of “efficiency” to leak over into the antitrust lexicon, antitrust scholars have done a great disservice
-
Working Paper
Why The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform
Aug 2023
Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.
-
Working Paper
Is “Inflation First” Really “Rentiers First”? The Taylor Rule and Rentier Income in Industrialized Countries
Jul 2023
Central banks strongly favored rentier incomes in their reaction functions
-
Working Paper
Betting on Black Gold: Oil Speculation and U.S. Inflation (2020-2022)
Jun 2023
Were the sharp increases in prices during 2020-2022 due to fundamental shifts in supply and demand or are they attributable to excessive market speculation?
-
Working Paper
The Wage Effect of Workplace Sexual Harassment: Evidence for Women in Europe
Jun 2023
Changes to deeply entrenched systems of unequal gender power dynamics, roles and relations, underpinned by patriarchal values, are part of an effective response to the prevention of sexual harassment and its economic consequences.
-
Working Paper
The Anatomy of Cyber Risk
May 2023
Does cyber risk exposure, as opposed to actual incidents, affect firm outcomes?
-
Working Paper
Where Does the Money Go? An Analysis of Revenues in the GB Power Sector During the Energy Crisis
May 2023
Revenues to GB electricity generators in 2022 increased by almost £30bn, compared to pre-COVID levels.
-
Working Paper
The Perils of Antitrust Econometrics: Unrealistic Engel Curves, Inadequate Data, and Aggregation Bias
May 2023
Antitrust econometrics relies on often-implausible assumptions
-
Working Paper
The Gift of Sanctions: An Analysis of Assessments of the Russian Economy, 2022 – 2023
Apr 2023
Despite the shock and the costs, the sanctions imposed on the Russian economy were in the nature of a gift.
-
Working Paper
Current External Challenges to the Economic Expansion of Emerging Markets
Mar 2023
A Balance-of-Payments Constrained Growth Perspective
-
Working Paper
The Pursuit of Shareholder Value: Cisco’s Transformation from Innovation to Financialization
Feb 2023
On the dereliction of key US-based business corporations to take the lead in making the investments in organizational learning required to generate cutting-edge communication-infrastructure products.
-
Working Paper
Distributive Profiles Associated with Domestic Versus International Specialization in Global Value Chains
Feb 2023
If primary commodities and mid-to-high-tech manufacturing products are produced by industries with different wage shares, there are distributive implications of deepening trade integration with certain regions with respect to others.