Oxford Review of Economic Policy

1985 - 2024

Current editor(s): Christopher Adam

From Oxford University Press and Oxford Review of Economic Policy Limited
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Volume 37, issue 4, 2021

Capitalism: what has gone wrong, what needs to change, and how it can be fixed (Capitalism, Laws, and the Need for Trustworthy Institutions) pp. 637-649

Paul Collier, Diane Coyle, Colin Mayer and Martin Wolf

Capitalism: worries of the 1930s for the 2020s (The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919–32) pp. 650-663

Kevin Hjortshøj O’Rourke

‘Capitalism: what has gone wrong?’: Who went wrong? Capitalism? The market economy? Governments? ‘Neoliberal’ economics? (‘It Takes a Village to Maintain a Dangerous Financial System’, ch. 13) pp. 664-677

Martin Hellwig

Capitalism, laws, and the need for trustworthy institutions (Why Not a Political Coase Theorem? Social Conflict, Commitment, and Politics) pp. 678-689

Anat R Admati

The global capital market reconsidered (The Missed Opportunity and Challenge of Capital Regulation) pp. 690-706

Maurice Obstfeld

The case for free markets (The Colonial Origins of Comparative Development: An Empirical Investigation) pp. 707-719

Thomas Philippon

Is cohesive capitalism under threat? (The European Trust Crisis and the Rise of Populism) pp. 720-733

Timothy Besley

Capitalism’s future is Africa’s future (Corruption in Bank Lending to Firms: Cross-country Micro Evidence on the Beneficial Role of Competition and Information Sharing) pp. 734-742

Vera Songwe

Capitalism: obituary and resurrection (Stability, Security, and Development: An Introduction) pp. 743-757

Célestin Monga

Capitalism needs a new social contract (Does the US Tax Code Favor Automation?) pp. 758-772

Minouche Shafik

Capitalism: what has gone wrong? how can it be fixed? (What is the Point of Equality?) pp. 773-782

Margaret Levi

The ground beneath our feet (Using the Law to Change the Custom) pp. 783-793

Kaushik Basu

Shrinking capitalism: components of a new political economy paradigm (Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?) pp. 794-810

Samuel Bowles and Wendy Carlin

Communities, the state, and markets: the case for inclusive localism (When Work Disappears: Manufacturing Decline and the Falling Marriage-market Value of Young Men) pp. 811-823

Raghuram Rajan

Fixing capitalism’s good jobs problem (Artificial Intelligence, Automation and Work) pp. 824-837

Dani Rodrik and Stefanie Stantcheva

Changing the purpose of the corporation to rebalance capitalism (Towards Collaborative Community) pp. 838-850

Rebecca M Henderson

Capitalism recoupled (The Fall of the Labor Share and the Rise of Superstar Firms) pp. 851-863

Colm Kelly and Dennis J Snower

Volume 37, issue 3, 2021

The assessment: artificial intelligence and financial services pp. 417-434

David Bholat and Daniel Susskind

Artificial intelligence and productivity: an intangible assets approach pp. 435-458

Carol Corrado, Jonathan Haskel and Cecilia Jona-Lasinio

Autonomous algorithmic collusion: economic research and policy implications pp. 459-478

Stephanie Assad, Emilio Calvano, Giacomo Calzolari, Robert Clark, Vincenzo Denicolò, Daniel Ershov, Justin Johnson, Sergio Pastorello, Andrew Rhodes, Lei Xu and Matthijs Wildenbeest

Comparing minds and machines: implications for financial stability pp. 479-508

Marcus Buckmann, Andrew Haldane and Anne-Caroline Hüser

The history and future of AI pp. 509-520

Stuart Russell

Artificial intelligence as a general-purpose technology: an historical perspective pp. 521-536

Nicholas Crafts

The impact of machine learning on UK financial services pp. 537-563

Bonnie G Buchanan and Danika Wright

Artificial intelligence research in finance: discussion and examples pp. 564-584

Manuela Veloso, Tucker Balch, Daniel Borrajo, Prashant Reddy and Sameena Shah

Algorithmic fairness in credit scoring pp. 585-617

Teresa Bono, Karen Croxson and Adam Giles

AI, ML, and competition dynamics in financial markets pp. 618-635

Paul A Grout

Volume 37, issue 2, 2021

Management practices and public policy: an overview pp. 221-230

Simon Quinn and Daniela Scur

The World Management Survey at 18: lessons and the way forward pp. 231-258

Daniela Scur, Raffaella Sadun, John van Reenen, Renata Lemos and Nicholas Bloom

The origin and development of firm management pp. 259-275

Michela Giorcelli

Small business training to improve management practices in developing countries: re-assessing the evidence for ‘training doesn’t work’ pp. 276-301

David McKenzie

Education and management practices pp. 302-322

Anna Valero

Family firms and management practices pp. 323-334

Margarita Tsoutsoura

Four lenses on people management in the public sector: an evidence review and synthesis pp. 335-366

Aisha J Ali, Javier Fuenzalida, Margarita Gómez and Martin J Williams

Management in education systems pp. 367-391

Yue-Yi Hwa and Clare Leaver

The interdependence imperative: business strategy, complementarities, and economic policy pp. 392-415

Mu-Jeung Yang

Volume 37, issue 1, 2021

Regional inequalities: causes and cures pp. 1-16

Frank Cörvers and Ken Mayhew

Regional growth and inequality in the long-run: Europe, 1900–2015 pp. 17-48

Joan Rosés and Nikolaus Wolf

Long-run analysis of regional inequalities in the US pp. 49-69

Trevon Logan, Bradley Hardy and John Parman

Regional inequalities and contributions to aggregate growth in the 2000s: an EU vs US comparison based on functional regions pp. 70-96

Enrique Garcilazo, Ana I Moreno-Monroy and Joaquim Oliveira Martins

Narratives as a coordinating device for reversing regional disequilibrium pp. 97-112

Paul Collier and David Tuckett

Demographic change and regional labour markets pp. 113-131

Michael J Böhm, Terry Gregory, Pamela Qendrai and Christian Siegel

The persistent consequences of adverse shocks: how the 1970s shaped UK regional inequality pp. 132-151

Patricia G Rice and Anthony Venables

The structure and relations of banking systems: the UK experience and the challenges of ‘levelling-up’ pp. 152-171

Colin Mayer, Philip McCann and Jacob Schumacher

Regional integration and income inequality: a synthetic counterfactual analysis of the European Monetary Union pp. 172-200

Florence Bouvet

The changing nature of regional policy in Europe pp. 201-220

Ties Vanthillo, Joris Beckers and Ann Verhetsel

Volume 36, issue Supplement_1, 2020

The economics of the COVID-19 pandemic: an assessment pp. S1-S13

Daniel Susskind and David Vines

A workable strategy for COVID-19 testing: stratified periodic testing rather than universal random testing pp. S14-S37

Matthew Cleevely, Daniel Susskind, David Vines, Louis Vines and Samuel Wills

A cost–benefit analysis of the COVID-19 disease pp. S38-S55

Robert Rowthorn and Jan Maciejowski

What is the meaning of (statistical) life? Benefit–cost analysis in the time of COVID-19 pp. S56-S63

Jonathan Colmer

International cooperation during the COVID-19 pandemic pp. S64-S76

Gordon Brown and Daniel Susskind

Adaptive targeted infectious disease testing pp. S77-S93

Maximilian Kasy and Alexander Teytelboym

Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective pp. S94-S137

R Maria del Rio-Chanona, Penny Mealy, Anton Pichler, François Lafond and J. Farmer

COVID-19 and the future of microfinance: evidence and insights from Pakistan pp. S138-S168

Kashif Malik, Muhammad Meki, Jonathan Morduch, Timothy Ogden, Simon Quinn and Farah Said

Baby steps: the gender division of childcare during the COVID-19 pandemic pp. S169-S186

Almudena Sevilla and Sarah Smith

The initial impact of COVID-19 and policy responses on household incomes pp. S187-S199

Mike Brewer and Laura Gardiner

COVID-19 and the financial system: a tale of two crises pp. S200-S214

Julia Giese and Andrew Haldane

COVID-19 and the UK labour market pp. S215-S224

Ken Mayhew and Paul Anand

Discretionary fiscal responses to the COVID-19 pandemic pp. S225-S241

Michael Devereux, İrem Güçeri, Martin Simmler and Eddy H F Tam

Business in times of crisis pp. S242-S255

Mary Johnstone-Louis, Bridget Kustin, Colin Mayer, Judith Stroehle and Boya Wang

COVID-19 and public-sector capacity pp. S256-S269

Mariana Mazzucato and Rainer Kattel

Reforming the UK financial system to promote regional development in post-COVID Britain pp. S270-S280

Paul Collier and Colin Mayer

Social protection response to the COVID-19 crisis: options for developing countries pp. S281-S296

Francois Gerard, Clément Imbert and Kate Orkin

Global macroeconomic cooperation in response to the COVID-19 pandemic: a roadmap for the G20 and the IMF pp. S297-S337

Warwick McKibbin and David Vines

After the lockdown: macroeconomic adjustment to the COVID-19 pandemic in sub-Saharan Africa pp. S338-S358

Christopher Adam, Mark Henstridge and Stevan Lee

Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? pp. S359-S381

Cameron Hepburn, Brian O’Callaghan, Nicholas Stern, Joseph Stiglitz and Dimitri Zenghelis

From low-skilled to key workers: the implications of emergencies for immigration policy pp. S382-S396

Mariña Fernández-Reino, Madeleine Sumption and Carlos Vargas-Silva

Trade finance matters: evidence from the COVID-19 crisis pp. S397-S408

Banu Demir and Beata Javorcik

Volume 36, issue 3, 2020

The rebuilding macroeconomic theory project part II: multiple equilibria, toy models, and policy models in a new macroeconomic paradigm pp. 427-497

David Vines and Samuel Wills

Mapping types of macromodel to types of macro user pp. 498-509

Simon Wren-Lewis

Implications of household-level evidence for policy models: the case of macro-financial linkages pp. 510-555

John Muellbauer

Some important macro points pp. 556-578

Ray C Fair

Climate change and monetary policy: issues for policy design and modelling pp. 579-603

Warwick McKibbin, Adele C Morris, Peter Wilcoxen and Augustus J Panton

Why some places are left behind: urban adjustment to trade and policy shocks pp. 604-620

Anthony Venables

Towards a dynamic disequilibrium theory with randomness pp. 621-674

Martin Guzman and Joseph Stiglitz

The importance of beliefs in shaping macroeconomic outcomes pp. 675-711

Roger Farmer

Clinical macroeconomics and differential diagnosis pp. 712-723

Jeffrey D Sachs

Volume 36, issue 1, 2020

Rethinking the economics of water: an assessment pp. 1-23

Dustin E Garrick, Michael Hanemann and Cameron Hepburn

The economics of water scarcity and variability pp. 24-44

Richard Damania

The economics of dams pp. 45-68

Marc Jeuland

Thirty years after water privatization—is the English model the envy of the world? pp. 69-85

Dieter Helm

The paradox of water pricing: dichotomies, dilemmas, and decisions pp. 86-107

R. Quentin Grafton, Long Chu and Paul Wyrwoll

Water rights reform and water marketing: Australia vs the US West pp. 108-131

Michael Hanemann and Michael Young

A tale of two water markets in Australia: lessons for understanding participation in formal water markets pp. 132-153

Sarah Wheeler and Dustin E Garrick

Beneath the surface: complexities and groundwater policy-making pp. 154-170

William Blomquist

Rethinking the economics of rural water in Africa pp. 171-190

Rob Hope, Patrick Thomson, Johanna Koehler and Tim Foster

Evidence-based policy analysis? The strange case of the randomized controlled trials of community-led total sanitation pp. 191-221

Dale Whittington, Mark Radin and Marc Jeuland