Author: Dan Rohde

Spring 2022 - Sovereign Debt Architecture, Suspended
A Manifesto for Going from Billions to Trillions in Climate Finance Now: Some Highlights of the Bridgetown Initiative

Avinash Persaud, Gresham College in the UK
The geography of the political economy is why climate mitigation is not happening fast enough. A coalition has developed five integrated “asks” as part of the broader 'Bridgetown Initiative’ unveiled by Prime Minister Mottley of Barbados in September. They will deliver more change to the debt, aid, and funding architecture than we have seen in a lifetime.
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A Manifesto for Going from Billions to Trillions in Climate Finance Now: Some Highlights of the Bridgetown Initiative”

Spring 2022 - Sovereign Debt Architecture, Suspended
The Depressing Tenacity of the Global Debt Architecture

Odette Lienau, Cornell University and Boston College
One silver(y) lining of a massive global crisis could have been the summoning of enough collective willpower to enact far-reaching change in international debt architecture. Instead we have seen piecemeal efforts that will prove insufficient. The international community needs to prioritize serious movement on multiple tracks to put in place a framework that embeds widely accepted sovereign debt resolution principles before it is desperately needed.
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The Depressing Tenacity of the Global Debt Architecture”

Spring 2022 - Sovereign Debt Architecture, Suspended
Sovereign Debt and Hegemonic Transitions

Juan Flores Zendejas, University of Geneva
Changes in borrowing patterns by many middle-income countries reflect ongoing changes in the economic and geopolitical context. As creditors continue to grow more heterogeneous, debt default management and creditor coordination are likely to become major challenges to global economic governance.
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Sovereign Debt and Hegemonic Transitions”

Spring 2021 - Reassessing Central Bank Independence
L. Menand, The Legality of Central Bank Independence in the United States

July 5, 2022
Central bank independence faces heightened scrutiny today, with scholars and policy experts—including several in this roundtable—questioning its desirability and legitimacy. But even its critics tend to take its legality for granted.
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L. Menand, The Legality of Central Bank Independence in the United States”

Current Scholarship
Louis-Philippe Rochon & Guillaume Vallet, The institutions of the people, by the people and for the people? Addressing central banks’ power and social responsibility in a democracy

This paper sheds light on an overlooked issue in economics, namely the social responsibility of central banks in a democracy.
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Louis-Philippe Rochon & Guillaume Vallet, The institutions of the people, by the people and for the people? Addressing central banks’ power and social responsibility in a democracy”

Current Scholarship
Katie Moore, Review of Joshua R. Greenberg, Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic

Joshua R. Greenberg’s Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic transports readers back to a time when ordinary Americans understood the rules of the monetary system because they had to.
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Katie Moore, Review of Joshua R. Greenberg, Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic”

Announcement
“Labour and Welfare in the Post COVID-19 Era” Summer School July 4-8 2022 at the University of Rome; application deadline June 6th!

The EAEPE – INET – APPEAL Summer School is open to PhD students and early-career researchers working in particular in the field of institutional and evolutionary analysis, with a special focus this year on labour economics and welfare, and the impact of Covid-19.


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“Labour and Welfare in the Post COVID-19 Era” Summer School July 4-8 2022 at the University of Rome; application deadline June 6th!”

Fall 2021 - A Symposium on: Stephen A. Marglin’s Raising Keynes: A Twenty-First Century Theory
Carolyn Sissoko, 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

February 16, 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
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Carolyn Sissoko, 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”

Current Scholarship
The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century

Nathan Tankus, Modern Money Network

For the past 40 years, there has been a global macroeconomic consensus that mon- etary policy—and specifically interest rate management policy and financial asset purchase/sale policy—should take the lead in stabilizing the domestic economy. As a factual matter, this consensus has accompanied rising inequality, weak nominal wage growth and intensifying ecological devastation.
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The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century”

Spring 2021 - Reassessing Central Bank Independence
R. Lastra and S. Dietz, Communication in Monetary Policy

May 25, 2022
Accountability is a critical corollary of central bank independence. And communication is a necessary component of accountability. A central bank that does not communicate sufficiently with political leaders, markets and the public will not be able to justify its independence from political institutions over time.
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R. Lastra and S. Dietz, Communication in Monetary Policy”