Thumbnail for New Chartbook of Economic Inequality

New Chartbook of Economic Inequality

22 May 2017

We are glad to inform you that our colleagues Salvatore Morelli and Max Roser, in collaboration with the late Sir Tony Atkinson, and Joe Hasell, have just created the new 2017 version of the Chartbook of Economic...

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Thumbnail for Professor Andreas Löschel provides expert testimony to the German Parliament

Professor Andreas Löschel provides expert testimony to the German Parliament

18 May 2017

Oxford Martin Visiting fellow Professor Andreas Löschel provided an expert testimony to the finance committee of the German Parliament on 15th May 2017. He spoke about the necessity and advantages of introducing comprehensive CO2-pricing in Germany, on the occasion of planned amendments to the German energy tax law. INET Oxford's researchers Professor Cameron Hepburn and Dr Linus Mattauch (both Economics of Sustainability), as well as Oliver Kaldenegger of the University of Muenster, contributed to the preparation of the t...

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Thumbnail for Did Milton Friedman cook his numbers?

Did Milton Friedman cook his numbers?

04 May 2017

In a series of famous papers, Milton Friedman and Anna Schwartz laid out the empirical case for Friedman's monetary theory, most notably his theory on the velocity of money and its relationship to inflation.  In a recent VoxEU post INET Oxford's Prof. Sir David Hendry, and Dr. Neil Ericsson and Stedman Hood of the US Federal Reserve, analyse and question a number of adjustments and assumptions made in those canonical papers.  They report:   "the current column re-examines Milton Friedman’s em...

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Thumbnail for Symposium for the Stern Stiglitz Commission on Carbon Prices

Symposium for the Stern Stiglitz Commission on Carbon Prices

03 May 2017

INET Oxford's researchers Professor Cameron Hepburn and Dr Linus Mattauch (both Economics of Sustainability) are convening an international symposium on carbon pricing in cooperation with the French Development Bank (AFD) and the World Bank Group. The symposium will take place in the Ecole Normale Supérieure in Paris on May 17. Its rationale is to facilitate academic dialogue on carbon pricing in connection with the World Bank's High Level Commission on Carbon Prices, which will deliver its report later this month. ...

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Thumbnail for New Tools Give Better Picture, Literally, of Financial-System Risk

New Tools Give Better Picture, Literally, of Financial-System Risk

25 Apr 2017

Researchers are using network analytics and advanced data modeling to identify weak spots in the system that otherwise might go unnoticed.  This type of analysis is part of a growing area of research that is changing how regulators and banks manage financial risk. Network analytics as well as new modeling approaches, allow researchers to show how thousands or millions of iterations of apparently simple financial exchanges or actions together can create a far more complex and at times unstable financial system than tradition...

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Thumbnail for The Great Recession’s impact on children is not finished, by far

The Great Recession’s impact on children is not finished, by far

13 Apr 2017

Nearly ten years after the first financial shock waves rippled through the world economy, generating a global recession, the track record of high income countries in protecting children from its worst effects, is mixed. A new book, Children of Austerity: Impact of the Great Recession on child poverty in rich countries, published by the UNICEF Office of Research – Innocenti, in collaboration with sixteen international research institutions, provides a detailed account of the effects of the crisis, and government policy re...

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Thumbnail for INET Young Scholars Inequality Working Group Remembers Sir Tony Atkinson

INET Young Scholars Inequality Working Group Remembers Sir Tony Atkinson

03 Apr 2017

The INET Young Scholars Inequality Working Group (IWG) has recently hosted a webinar Remembering Sir Tony Atkinson with Dr. Salvatore Morelli. Members of the IWG reflected on his contribution to inequality studies during a 1.5 hour interactive webinar. Professor Sir Tony Atkinson has been involved with the working group in the past (see www.theiwg.org).    Dr. Salvatore Morelli (INET Oxford, University of Naples) gave a heartwarming presentation titled Putting people first: in memo...

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Thumbnail for As job automation marches on, how can leaders guard against mass unemployment?

As job automation marches on, how can leaders guard against mass unemployment?

27 Mar 2017

In a policy brief ahead of this year’s G20 summit in Germany, Oxford Martin Citi Fellow Carl Frey has outlined the changes needed to make ‘the digital revolution work for many’ when it comes to jobs and growth. The brief forms part of the Oxford Martin School’s contribution to the Think 20 (T20) Group, a network of organisations chosen to provide expert policy advice to the G20. The School is contributing to the work of two task forces: one on the digital economy and one on social cohesion and inequality....

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Thumbnail for Understanding the risks banks pose to the financial system

Understanding the risks banks pose to the financial system

03 Mar 2017

Systemic risk, loosely defined, describes the risk that large parts of the financial system will collapse, leading to potentially far-reaching consequences both within and beyond the financial system. Such risks can materialize following shocks to relatively small parts of the financial system and then spread through various contagion channels. Assessing the systemic risk a bank poses to the system has thus become a central part of regulating its capital requirements. INET Oxford's Christoph Siebenbrunner's work on ...

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Thumbnail for House of Lords Energy Report cites INET Oxford Research

House of Lords Energy Report cites INET Oxford Research

03 Mar 2017

The latest House of Lords Select Committee on Economic Affairs report cites research from INET Oxford's Prof Cameron Hepburn & Jacquelyn Pless. The report also mentions work by Prof Dieter Helm, Professorial Research Fellow of the Smith School of Enterprise and the Environment at the University of Oxford. The report is titled, "The Price of Power: Reforming the Electricity Market" and the full report can be read here.

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Thumbnail for Restoring trust in finance: moral obligation meets Econ 101

Restoring trust in finance: moral obligation meets Econ 101

03 Mar 2017

Dishonest practices brought to light by the 2008 crisis have raised questions about the incentives faced by bankers, and about their training. Unfortunately, the remedy of using market discipline through competition policy to make bankers 'behave' is problematic. So there have been many calls for more ethical bankers, but what might this actually look like in practice? Our answer is given by the idea of 'principled agents' who at times exhibit a high degree of concern for others in standard economic calculations ...

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Thumbnail for How can we understand our complex economy?

How can we understand our complex economy?

03 Mar 2017

Prof Farmer gave a lecture at the Mathematical Institute on “Understanding the Complex Economy” in a lecture series that has included figures such as Stephen Hawking and Sir Roger Penrose. Further details of the lecture and a full video are below. We are getting better at predicting things about our environment - the impact of climate change for example. But what about predicting our collective effect on ourselves? We can predict the small things, but we fail miserably when it comes to many of the big t...

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