BEGIN:VCALENDAR
VERSION:2.0
PRODID:-// - ECPv6.0.8//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://politicaleconomyhub.net
X-WR-CALDESC:Events for 
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20160101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=UTC:20181017T180000
DTEND;TZID=UTC:20181017T193000
DTSTAMP:20260407T015510
CREATED:20180912T093553Z
LAST-MODIFIED:20180912T093609Z
UID:850-1539799200-1539804600@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘Scientific Macroeconomics and the Quantity Theory of Credit’ by Richard Werner
DESCRIPTION:Date: Wednesday 17 October 2018\nTime: 18:00 -19:30\nSpeaker: Richard Werner\nTalk Title: ‘Scientific Macroeconomics and the Quantity Theory of Credit’\nLocation: Ramsden Room\, St Catharine’s College \nAll are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nRichard Werner is Professor and Chair in International Banking at the University of Southampton (since 2005)\, and is founding director of the Centre for Banking\, Finance and Sustainable Development. He is a Member of Linacre College\, Oxford\, Convenor of the Association for Research on Banking and the Economy (ARBE)\, and member of the ECB Shadow Council. He is also the founding chair of Local First\, a community interest company establishing not-for-profit community banks in the UK\, starting with the Hampshire Community Bank. Richard previously was a Professor of monetary\, macro and development economics at Goethe-University Frankfurt and assistant professor at Sophia University\, Tokyo. In 1992\, as European Commission Fellow at Oxford\, Richard integrated the banking system in a macroeconomic model able to distinguish between the impact of bank credit on asset markets and economic growth (the ‘Quantity Theory of Disaggregated Credit’)\, and warned of the coming banking crisis and deep recession in Japan. In 1995 he advanced a post-banking crisis monetary policy to stimulate the economy\, which he called ‘Quantitative Easing’ (followed in 1998 by ‘Enhanced Debt Management’). In 2003 he warned of the credit-driven asset bubbles and crises in the eurozone. Richard has published in journals and in books. \nTalk Overview:\nAlison in Wonderland was not an equilibrium economist: she only believed six impossible things before breakfast (equilibrium economists need to believe at least eight impossible things). Scientific research methodology is reviewed and it is proposed to also deploy it in economics. Doing this\, key features of how actual economies work can be established. It is seen that all markets must be expected to be rationed (i.e. in disequilibrium). Scientific methodology also helps in identifying the link between the financial system and the real economy\, including sustainable development\, the role of interest rates\, money and the existence and functioning of banks. It is seen how to predict and prevent boom-bust cycles\, banking crises and subsequent recessions\, as well as how to react appropriately once they happen\, without burdening the tax payer. The role of central banks is also discussed\, as well as their reaction to the empirical refutation of their longstanding preferred narrative. \nPlease contact the seminar organisers\nPhilip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query \n  \n 
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-scientific-macroeconomics-and-the-quantity-theory-of-credit-by-richard-werner/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20181010T180000
DTEND;TZID=UTC:20181010T193000
DTSTAMP:20260407T015510
CREATED:20180912T084519Z
LAST-MODIFIED:20180912T084519Z
UID:847-1539194400-1539199800@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – “Fiscal Space: What have we learnt since the crises?" by Jagjit Chadha
DESCRIPTION:Date: Wednesday 10 October 2018\nTime: 18:00 -19:30\nSpeaker: Jagjit Chadha\nTalk Title:“Fiscal Space: What have we learnt since the crises?”\nLocation: Ramsden Room\, St Catharine’s College \nAll are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker\nJagjit Chadha is Director of the National Institute of Economic and Social Research. He is on a full time absence of leave as Professor of Economics at the University of Kent and was a part-time Professor of economics at Cambridge. He was previously Professor of Economics at the University of St Andrews and Fellow at Clare College\, Cambridge. He has worked at the Bank of England as an Official working on Monetary Policy and as Chief Quantitative Economist at BNP Paribas. He has acted as Specialist Adviser to the House of Commons Treasury Committee and academic adviser to both the Bank of England and HM Treasury. He sits on the Research Committee of the Economics and Social Research Council and on the REF2020 panel. His main research interests are developing the links between finance and macroeconomics in general equilibrium models and he has published widely in economics journals. He has just completed a British Academy Grant to study fiscal data in the 19th century. \nTalk Overview\nJagjit Chadha will talk on the traditional approach to fiscal policy\, which involves respecting the simple notion of debt sustainability. This over-riding concern has led to considerable weight being placed on cutting public expenditure following a ballooning in public debt after the great financial crisis. We have also formulated a sequence of fiscal rules and around the world observe that Councils have been developed to support the credibility of fiscal policy under uncertainty. But have we done the right thing? Jagjit will consider a number of possible extensions to the standard response of seeking to reduce debt and limiting taxation. First\, we shall examine how episodes of high public debt are successfully reversed? Secondly\, we shall consider what links between monetary and fiscal policy that are overlooked\, in particular by drawing on the experience of QE. Thirdly\, how are the prescriptions for monetary and fiscal policy affected by market incompleteness? And finally what role does the debt management of maturity and debt instruments play setting fiscal policy? Jagjit will illustrate with examples from the past and from the recent crisis in the Euro Area and suggest that our current settlement of tight monetary-fiscal policy may be responsible for the economic trap of low growth. \n\n\nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query. \n\n\n 
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-fiscal-space-what-have-we-learnt-since-the-crises-by-jagjit-chadha/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180530T180000
DTEND;TZID=UTC:20180530T193000
DTSTAMP:20260407T015510
CREATED:20180413T105640Z
LAST-MODIFIED:20180413T114415Z
UID:830-1527703200-1527708600@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – 'Modelling the Impacts of Brexit on Low-Income Households' by Sophie Heald\, Richard Lewney &Laurie Heykoop  
DESCRIPTION:Date: Wednesday 30 May 2018\nTime: 18:00 -19:30\nSpeaker: Sophie Heald\, Richard Lewney and Laurie Heykoop\nTalk Title: ‘Modelling the Impacts of Brexit on Low-Income Households’\nLocation: Ramsden Room\, St Catharine’s College \nAll are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeakers\nSophie Heald is a project manager and economist in the macroeconomic modelling team at Cambridge Econometrics. She specialises in the application of large-scale econometric models for scenario analysis and has several years’ experience modelling policy scenarios using E3ME\, an econometric model of the global economy. In recent months Sophie has contributed to the European Commission’s impact assessment on the macroeconomic effects of measures to improve work-life balance and\, for the European Institute for Gender Equality (EIGE)\, she managed a project to assess the wider macroeconomic effects of measures to improve gender equality. Sophie led on the economic modelling and contributed to the scenario design for this study into the impacts of Brexit on low-income households. \nRichard Lewney is Chairman of Cambridge Econometrics where he has worked since 1988. He specialises in the application of economic modelling to policy analysis\, policy evaluation and forecasting\, and he directed the study on which this seminar draws. He recently completed a two-year project for DG Energy to improve the treatment of innovation and finance in the macroeconomic modelling of decarbonisation policies. He led the macroeconomic modelling for DG Employment’s study on the feasibility of a pan-European unemployment benefit system. He is currently directing a project to extend and upgrade the economic modelling capability of Malta’s Ministry for Finance. He was the lead economist for the Northern Powerhouse Independent Economic Review. He is a Trustee of the Cambridge Trust for New Thinking in Economics which owns Cambridge Econometrics. \nLaurie Heykoop is an economist at the Joseph Rowntree Foundation. His current areas of research include analysis of potential impacts of Brexit on low-income households\, and monitoring the impact of inflation on the living standards of low-income households. Having graduated BA Economics and Politics at Manchester University in 2012\, prior to his current post Laurie spent over three years as a government economist.\nHis work included producing official gas price projections\, advising on options to reform agri-environment schemes\, and producing models to enhance targeting of fuel poverty programmes. His other research interests include the economics of land\, housing\, and inequality. \nTalk Overview\nSeveral organisations across government\, academia\, and think tanks have modelled the potential economic impacts of post-Brexit trading arrangements. These have primarily focussed on economy-wide impacts.  The research presented in this seminar focuses on analysis of impacts on low-income households. The research models a range of potential post-Brexit trading arrangements\, producing estimates for impacts on prices\, wages\, and employment and then assesses the particular implications for low-income households. \n\n\nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query. \n\n\n 
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-modelling-the-impacts-of-brexit-on-low-income-households-by-sophie-heald-richard-lewney-laurie-heykoop/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180425T180000
DTEND;TZID=UTC:20180425T193000
DTSTAMP:20260407T015510
CREATED:20180327T082329Z
LAST-MODIFIED:20180413T105334Z
UID:826-1524679200-1524684600@politicaleconomyhub.net
SUMMARY:St Catharine's Political Economy Seminar - 'Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms’ by John McCombie
DESCRIPTION:Date: Wednesday\, 25 April 2018\nTime: 18:00 -19:30\nSpeaker: John McCombie \nTalk Title: ‘Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 25 April\, 2018 – John McCombie will give a talk on “Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms”.The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nJohn McCombie is Emeritus Professor in Regional and Applied Economics\, and Senior Emeritus Fellow of the Department of Land Economy. He is a Fellow of the Academy of Social Sciences and a Fellow of the Regional Studies Association. John is Director of the Cambridge Centre for Economic and Public Policy; Emeritus Fellow in Economics\, Downing College; Director of Studies in Land Economy\, Christ’s College\, Downing College and Girton College. He was formerly a lecturer in Economics at the University of Hull and at the University of Melbourne. His interests are regional economics\, post Keynesian macroeconomics\, the causes of variations in national and regional growth rates\, income inequality\, trade and economic geography and the methodological implications for macroeconomics of the Great Financial Crisis. He is a consultant to the Asian Development Bank and the World Bank and was a Special Advisor to a House of Lords Subcommittee inquiring into the EU regional funds. He was a founding co-editor of Spatial Economic Analysis and a former editor of Regional Studies. He has recently published (with Jesus Felipe) a book entitled The Aggregate Production Function and Technical Change; ‘Not Even Wrong’. This presents a fundamental criticism of one of the central concepts of neoclassical macroeconomics. He is currently researching into the economic and philosophical issues (including Rawls’ ‘Justice as Fairness’ and the concept of ‘Just Deserts’) concerning the optimal degree of income inequality.. \nTalk Overview:\nAfter the acrimonious debates between the New Classical and Keynesian economists in the 1980s and 1990s\, a complacent New Macroeconomic Consensus was achieved and by 2006\, according to its adherents\, all the major theoretical problems were deemed solved. The sub-prime crisis exposed fundamental flaws in this approach and for a time there was a return to the putatively discredited Keynesian Economics of fifty years ago. Using this as one example\, this seminar looks at the broader question as to why competing schools of thought can\, and have persisted\, almost indefinitely in macroeconomics. This is notwithstanding the emergence of a dominant\, or mainstream\, approach. This contribution draws on Kuhn’s notion of the paradigm and the sociology of knowledge to understand why previous debates re-emerge and why some economists question whether there has been any meaningful progress in macroeconomics over the last thirty years. It also considers the strange case of the aggregate production function\, which is at the heart of both applied and theoretical neoclassical macroeconomics. This is in spite of the fact that it is logically impossible to derive the production function from micro-foundations (the aggregation problem) and why it is always possible to obtain a near perfect statistical fit to the putative production function\, although the estimates tell us nothing about the underlying economy. This raises some further important methodological issues for macroeconomics. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/826/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180314T180000
DTEND;TZID=UTC:20180314T193000
DTSTAMP:20260407T015510
CREATED:20180122T102538Z
LAST-MODIFIED:20180122T102606Z
UID:812-1521050400-1521055800@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘‘Bank Credit Rating Changes\, Capital Structure Adjustments and Lending’’\, Claudia Girardone
DESCRIPTION:Date: Wednesday\, 14 March 2018\nTime: 18:00 -19:30\nSpeaker: Claudia Girardone\nTalk Title:‘Bank Credit Rating Changes\, Capital Structure Adjustments and Lending’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 14 March\, 2018 – Claudia Girardone will give a talk on “Bank Credit Rating Changes\, Capital Structure Adjustments and Lending”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nClaudia Girardone is Professor of Banking and Finance at Essex Business School of the University of Essex. She is also Director of the Essex Finance Centre (EFiC) and the School’s Director of Research. Professor Girardone has published over 50 articles on various aspects of banking and finance in books and peer-reviewed international journals. She is a co-author of the textbook Introduction to Banking (FT Pearson Education\, 2015). She is currently on the editorial board of several journals including the Journal of Financial Economic Policy and The European Journal of Finance. Her current research areas are on banking sector performance and stability\, bank corporate governance\, the industrial structure of banking and access to finance. \nTalk Overview:\nThis contribution examines the causal effect of bank credit rating changes on bank capital structure decisions. Banks adjust their capital structure following a credit rating downgrade. Adjustments involve: leverage\, rating sensitive liabilities and lending. Rating upgrades do not affect capital structure activities suggesting that banks target minimum rating levels. In our study\, we also exploit the asymmetric impact of downgrades of banks based in Greece\, Ireland\, Italy\, Spain and Portugal during the EU sovereign debt crisis. This asymmetric effect leads to greater capital adjustments\, reductions in long-term funding and lending of banks from those countries relative to other banks. Our results are consistent with the expectation of discrete cost (benefits) associated with rating changes. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/812/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180307T180000
DTEND;TZID=UTC:20180307T193000
DTSTAMP:20260407T015510
CREATED:20180122T101743Z
LAST-MODIFIED:20180122T102237Z
UID:808-1520445600-1520451000@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘Technological Unemployment: Myth or Reality’\, Robert Skidelsky
DESCRIPTION:Date: Wednesday\, 7 March 2018\nTime: 18:00 -19:30\nSpeaker: Robert Skidelsky\nTalk Title:‘Technological Unemployment: Myth or Reality’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 07 March\, 2018 – Robert Skidelsky will give a talk on “Technological Unemployment: Myth or Reality”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nRobert Skidelsky is Emeritus Professor of Political Economy at Warwick University. His three-volume biography of John Maynard Keynes (1983\,1992\, 2000) won five prizes and his book on the financial crisis –Keynes: The Return of the Master – was published in September 2010. He was made a member of the House of Lords in 1991 (he sits on the cross-benches) and elected a fellow of the British Academy in 1994. How Much is Enough? The Love of Money and the Case for the Good Life\, co-written with his son Edward\, was published in July 2012. He is also the author of Britain in the 20th Century: A Success? (Vintage\, 2014) and editor of The Essential Keynes (Penguin Classics\, 2015). His most recent publications are as co-editor of Who Runs the Economy? (Palgrave\, 2016) and Austerity Vs Stimulus (Palgrave\, 2017). \nTalk Overview:\nThis contribution’s starting point is Keynes’s little essay of 1930\, Economic Possibilities for our Grandchildren: ‘technological unemployment…means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour’. Two questions arise: will the future be different from the past\, when we were always able to absorb labour displaced by machines? There is no agreed view. There are many estimates of the jobs ‘at risk’ from automation by 2030\, ranging from 30% to 50%. There is no agreement on whether\, or how soon\, the jobs displaced will be replaced\, i.e. whether there will be a net job loss. The majority view is that there will be transitional job losses\, but no permanent ones. Most of the discussion treats automation as not just desirable\, but irreversible: part of the scientific momentum\, which defines modern civilisation. This needs challenging\, since it appears to leave the human future to machines. Second\, it is generally agreed that\, as in the past\, automation will enable a reduction in hours worked. However\, the argument that this will be consistent with maintaining or increasing median income needs to be challenged. Evidence is that median incomes have been stagnant and even falling\, as most productivity gains go to the rich. Extra leisure will surely be unwanted if it means lower real incomes. The response to automation cannot be left to the market. It requires a social decision concerning the speed and type of automation\, and a social response to the problems it creates. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-global-imbalances-and-greeces-exit-from-the-crisis-dimitrios-tsomocos/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180207T180000
DTEND;TZID=UTC:20180207T193000
DTSTAMP:20260407T015510
CREATED:20180122T101638Z
LAST-MODIFIED:20180122T102956Z
UID:806-1518026400-1518031800@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘Global Imbalances and Greece's Exit from the Crisis’\, Dimitrios Tsomocos
DESCRIPTION:Date: Wednesday\, 7 February 2018\nTime: 18:00 -19:30\nSpeaker: Dimitrios Tsomocos\nTalk Title: ‘Global Imbalances and Greece’s Exit from the Crisis’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 07 February\, 2018 – Dimitrios Tsomocos will give a talk on “Global Imbalances and Greece’s Exit from the Crisis”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeakers:\nGraham Gudgin is currently Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School at the University of Cambridge. He is also Chief Economic Advisor at Policy Exchange\, London\, visiting Professor at the University of Ulster and Chairman of the Advisory Board of the Ulster University Economic Policy Centre. He was senior Economic Advisor at Oxford Economics from 2007 to 2015 and was director of the Northern Ireland Economic Research Centre from 1985 to 1998 when he became Special Adviser to the First Minister in the Northern Ireland Assembly until 2002. Prior to this he was economics fellow at Selwyn College\, Cambridge and a member of the Cambridge Economic Policy Group under Wynne Godley. He is the author of a large number of books\, reports and journal articles on regional economic growth in the UK\, the growth of small firms and electoral systems. He is currently working with Ken Coutts on a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.\nKen Coutts is Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School \, Emeritus Assistant Director of Studies in the Faculty of Economics\, and Life Fellow in Economics\, Selwyn College\, at the University of Cambridge. A member of the Cambridge Economic Policy Group in his younger career\, led by the late Wynne Godley\, his main interests are in macroeconomics\, monetary and fiscal policy\, trade\, capital flows and balance of payments. He has published widely in these areas. He has also written extensively on the pricing behaviour of manufacturing industries in the UK and Australia. He is currently working with Graham Gudgin a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit. \nTalk Overview:\nThe global capital imbalances constituted a primary factor for the Eurozone debt crisis and amplified the divergence between the core countries and the periphery. For the case of Greece there exist three ‘alternative’ mainstream explanations of the crisis and the subsequent recession: The Greek (political and institutional inefficiency)\, the European (institutional incompetence and extended corruption) and the I.M.F. (debt overhang\, necessity of “hard” budget constraints\, public investments and expansionary monetary policy). The two academic strands that dominate the debate are the one of the importance of debt overhung and rational expectations and the one of heterogeneous general equilibrium models. We argue that the exit from the crisis warrants:\n1. Debt restructuring and nationalisation of N.P.L.s\n2. Reduction of public sector profligacy and institutional efficiency\n3. Public investments and investments for internationally traded goods\n4. Tax relief (corporate and property taxation); 5. Re-stabilisation of market expectations and creditworthiness. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/806/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20180131T180000
DTEND;TZID=UTC:20180131T193000
DTSTAMP:20260407T015510
CREATED:20180122T100915Z
LAST-MODIFIED:20180122T101353Z
UID:800-1517421600-1517427000@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘How Did the Economics Profession Get it Wrong on Brexit?’\, Graham Gudgin & Ken Coutts
DESCRIPTION:Date: Wednesday\, 31 January 2018\nTime: 18:00 -19:30\nSpeakers: Graham Gudgin and Ken Coutts\nTalk Title: ‘How Did the Economics Profession Get it Wrong on Brexit?’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 31 January\, 2018 – Graham Gudgin and Ken Coutts will give a talk on “How Did the Economics Profession Get it Wrong on Brexit?”.The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeakers:\nGraham Gudgin is currently Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School at the University of Cambridge. He is also Chief Economic Advisor at Policy Exchange\, London\, visiting Professor at the University of Ulster and Chairman of the Advisory Board of the Ulster University Economic Policy Centre. He was senior Economic Advisor at Oxford Economics from 2007 to 2015 and was director of the Northern Ireland Economic Research Centre from 1985 to 1998 when he became Special Adviser to the First Minister in the Northern Ireland Assembly until 2002. Prior to this he was economics fellow at Selwyn College\, Cambridge and a member of the Cambridge Economic Policy Group under Wynne Godley. He is the author of a large number of books\, reports and journal articles on regional economic growth in the UK\, the growth of small firms and electoral systems. He is currently working with Ken Coutts on a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit.\nKen Coutts is Honorary Research Associate at the Centre For Business Research (CBR) in the Judge Business School \, Emeritus Assistant Director of Studies in the Faculty of Economics\, and Life Fellow in Economics\, Selwyn College\, at the University of Cambridge. A member of the Cambridge Economic Policy Group in his younger career\, led by the late Wynne Godley\, his main interests are in macroeconomics\, monetary and fiscal policy\, trade\, capital flows and balance of payments. He has published widely in these areas. He has also written extensively on the pricing behaviour of manufacturing industries in the UK and Australia. He is currently working with Graham Gudgin a macro-economic model and forecasts for the UK economy and on the economic impact of Brexit. \nTalk Overview:\nThis contribution examines in detail the predictions of professional economic forecasters on the economic impact of Brexit. It shows how these were flawed\, and speculates on why they are no longer quoted. It begins with the frequently repeated claim\, that membership of the EEC/EU has been good for economic growth in the UK. This is followed by a brief reprise of our critique of the gravity model work of HMT and OECD. The approach of the Centre for Economic Performance at the LSE\, uses a different approach\, but again\, in our view\, is flawed. All of this work predicts that the volume of UK trade with the EU will fall substantially after Brexit\, with no offsetting gains in trade with non-EU countries. Around half of the predicted declines in GDP\, come from a calculation that trade losses will have a major negative knock-on impact on productivity. Our update of their evidence suggests that for advanced economies no such link exists between trade and productivity.\nThis is not an argument in favour of Brexit. It is instead to question the ability of the economics profession to provide high quality policy analysis on issues of national importance. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-how-did-the-economics-profession-get-it-wrong-on-brexit-graham-gudgin-ken-coutts/
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20171122T180000
DTEND;TZID=UTC:20171122T193000
DTSTAMP:20260407T015510
CREATED:20170914T084631Z
LAST-MODIFIED:20170914T090609Z
UID:685-1511373600-1511379000@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – "From austerity to immigrants as ‘significant others’\, Liliana Harding
DESCRIPTION:Date: Wednesday 22 November 2017\nTime: 18:00 -19:30\nSpeaker: Liliana Harding\nTalk Title: ‘From austerity to immigrants as ‘significant others’ in economic policy changes’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 22 November\, 2017 – Liliana Harding will give a talk on “From austerity to immigrants as ‘significant others’ in economic policy changes”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nLiliana Harding is a lecturer in Economics at the University of East Anglia (UEA)\, in Norwich. Dr Liliana Harding has a long-standing research interest in the political economy of migration\, while her teaching is focussed in the areas of labour economics and European economies. She is currently the convenor of the East Anglia Research Migration Network\, an interdisciplinary research group at the UEA designed to facilitate participatory action research in topics related to international migration. Her research interests further extend to the development of economic systems\, regional economies and the implications of public arts and culture for wellbeing and urban economies. \nTalk Overview:\nIn the same way as the resolution of the financial crisis has been sought through austerity across the board\, migration policy beyond the Great Recession has focused on downward revisions of ‘acceptable levels’ of immigration.  And as concerns about the implications of austerity on rising inequalities and general access to public services are rising\, limitations to migrants’ access to the labour market and the welfare system are now sold as localised patches to society-wide challenges. In this context\, this talk proposes to explore the extent to which a long period of austerity has warranted the call for more restrictive immigration policies\, and explores the significance of distributional effects of immigration. It reviews the economic effects estimated for the UK from migration and its expected restriction linked to Brexit\, and stresses the role of skill in the economic migration debate.  Finally\, the talk reflects on the significance of mass migration flows for economies experiencing it at various points in time\, and makes a brief reference to the recent refugee crisis in Europe. \n  \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/685/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20171108T180000
DTEND;TZID=UTC:20171108T193000
DTSTAMP:20260407T015510
CREATED:20170914T082120Z
LAST-MODIFIED:20170921T120355Z
UID:681-1510164000-1510169400@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – 'The Political Economy of Brexit' Michael Kitson
DESCRIPTION:Date: Wednesday 8 November 2017\nTime: 18:00 -19:30\nSpeaker: Michael Kitson\nTalk Title: ‘The Political Economy of Brexit’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 8 November 2017 – Michael Kitson will give a talk on ‘The Political Economy of Brexit’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nMichael Kitson is a University Senior Lecturer in global macroeconomics at the Judge Business School\, Cambridge; Assistant Director of the Centre for Business Research\, Cambridge; and Fellow of St Catharine’s College\, Cambridge. Michael Kitson’s research interests include: economic policy\, regional economics\, corporate performance\, innovation and the commercialisation of science. His current work is concerned with new developments in innovation policy and assessing the factors that drive regional competiveness and growth. \n  \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-michael-kitson-title-tbc/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20171025T180000
DTEND;TZID=UTC:20171025T193000
DTSTAMP:20260407T015510
CREATED:20170914T081354Z
LAST-MODIFIED:20170914T090853Z
UID:677-1508954400-1508959800@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘How corporate governance is central to economic policy’\, Ciaran Driver
DESCRIPTION:Date: Wednesday 25 October 2017\nTime: 18:00 -19:30\nSpeaker: Ciaran Driver\nTalk Title: ‘How corporate governance is central to economic policy’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 25 October\, 2017 – Ciaran Driver will give a talk on ‘How corporate governance is central to economic policy’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nCiaran Driver is Professor of Economics in the School of Finance and Management at SOAS University of London. His research interests include capital investment\, industrial economics\, innovation and corporate governance on which he has published widely. He has held visiting posts at the Australian National University and Stellenbosch University\, has had attachments to several global business schools\, and has advised various national and international public bodies. He co-authored with Paul Temple The Unbalanced Economy: a policy appraisal\, Palgrave-Macmillan (2014) Beyond Shareholder Value (2013)\, with colleagues at the TUC and NPI; and he contributed a chapter on innovation and finance to the Sage Handbook on Corporate Governance (2012). An edited compendium on corporate governance (with Grahame Thompson) will be published by OUP in 2018. Recent journal articles deal with the effects of corporate governance on R&D (Research Policy 2012); the economics of advertising (Journal of Economic Surveys 2015) and the perverse effects of high-powered executive pay (Industrial and Corporate Change 2017). He is a Fellow of the Academy of Social Sciences and a Trustee of the New Economics Foundation. Full publications and further information can be found on Researchgate: https://www.researchgate.net/profile/Ciaran_Driver \nTalk Overview:\n \nThis talk concerns the economic effects of corporate governance systems in advanced countries and how the design of governance interacts with economic policy. It starts off with a reprise of recent trends in corporate governance theory\, distinguishing the arguments for shareholder value (including agency theory)\, from critical stakeholder perspectives such as organization theory; property rights approaches; and externalities. The implications of the governance form for the economy are then discussed in terms of forward commitments such as capital investments and R&D and the time-horizon over which these are assessed; pay-out in the form of dividends and buybacks; and effects on labour and work commitment. The evidence for corporate governance effects on macroeconomic performance is assessed with reference to country studies and the variety of capitalism literature. Changes to the corporate governance system are considered by discussing which particular problems of economic policy are responsive to chosen governance reforms\, ranging over: managerial approaches; dual-class shares; engagement of investors; and stakeholder representation. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-how-corporate-governance-is-central-to-economic-policy-ciaran-driver/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20171011T180000
DTEND;TZID=UTC:20171011T193000
DTSTAMP:20260407T015510
CREATED:20170913T095503Z
LAST-MODIFIED:20170914T073752Z
UID:665-1507744800-1507750200@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – ‘Neoliberalism\, Institutional Blending and the Governance of Rural Land’\, Ian Hodge
DESCRIPTION:Date: Wednesday 11 October 2017\nTime: 18:00 -19:30\nSpeaker: Ian Hodge\nTalk Title: ‘Neoliberalism\, Institutional Blending and the Governance of Rural Land’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 11 October\, 2017 – Ian Hodge will give a talk on ‘Neoliberalism\, Institutional Blending and the Governance of Rural Land’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \nSpeaker:\nIan Hodge is Professor of Rural Economy in the Department of Land Economy and Fellow of Hughes Hall at the University of Cambridge\, where he has worked since 1983. He was Head of Department of Land Economy between 2002-2011. His primary research interests are in rural environmental governance\, policy and economics\, property institutions and rural development. He has previously worked at the Universities of Queensland in Australia and Newcastle upon Tyne in the UK. He has a PhD in Countryside Planning from Wye College\, University of London and a BSc from the University of Reading. \nTalk Overview:\nThere is a large literature on neoliberalism. Over time the literature has expanded to cover a variety of different issues. It is almost universally critical and has become increasingly incoherent and contradictory. One thread within neoliberalism\, focusing on property rights\, casts the debate in terms of public ownership and intervention versus private enterprise and ‘free’ markets. However\, this obscures a more significant trend towards new approaches in governance that fall between these extremes that we term institutional blending. This recognises the major role of civil society\, reallocation of property rights\, provision of assurance and of public\, private and third sector partnerships. It includes a role for an interventionist state that embraces many of the mechanisms that have been developed through neoliberal approaches. These will be illustrated taking examples from rural land management. The discussion questions whether this may represent a post-neoliberal approach to public governance. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query \n 
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-neoliberalism-institutional-blending-and-the-governance-of-rural-land-ian-hodge/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20170308T180000
DTEND;TZID=UTC:20170308T193000
DTSTAMP:20260407T015510
CREATED:20161219T122443Z
LAST-MODIFIED:20161219T123509Z
UID:550-1488996000-1489001400@politicaleconomyhub.net
SUMMARY:St Catharine's Political Economy Seminar - '‘Expansionary Fiscal Policy – Open Economy Issues’\, Jonathan Perraton
DESCRIPTION:Date: Wednesday 8 March 2017\nTime: 18:00 -19:30\nSpeaker: Jonathan Perraton\nTalk Title: ‘‘Expansionary Fiscal Policy – Open Economy Issues’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 08 March\, 2017 – Jonathan Perraton will give a talk on ‘Expansionary Fiscal Policy – Open Economy Issues’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nJonathan Perraton is Senior Lecturer in Economics at the University of Sheffield and an Associate Fellow of the Sheffield Political Economy Research Institute. He has published on economic globalisation\, balance of payments constrained growth\, political economy and economic methodology. He is a past coordinator of the Post-Keynesian Economics Study Group. \nTalk Overview:\nMuch of the recent discussion of expansionary fiscal policy has abstracted from open economy issues. The degree of openness of an economy would be expected to affect the multiplier; further\, the size\, composition and financing of any expansionary package would be expected to affect the real exchange rate. Some studies have indicated particular responses here from public infrastructure investment. The response of interest rates determined in global markets is crucial; this is related here to earlier economics and political economy work on the feasibility of Keynesian policies under globalisation. Some of this earlier work pointed to possible risk premium effects limiting the effectiveness of Keynesian policies. This work is revisited\, drawing on evidence from before and since the Global Financial Crisis. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-2/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20170222T180000
DTEND;TZID=UTC:20170222T193000
DTSTAMP:20260407T015510
CREATED:20161219T122030Z
LAST-MODIFIED:20170206T114251Z
UID:547-1487786400-1487791800@politicaleconomyhub.net
SUMMARY:St Catharine's Political Economy Seminar Series - 'Whose Recovery?’\, Andy Haldane
DESCRIPTION:Date: Wednesday 22 February 2017\nTime: 18:00 -19:30\nSpeaker: Andy Haldane\nTalk Title: ‘Whose Recovery?’\nLocation: Mill Lane Lecture Room 1 \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 22 February\, 2017 – Andy Haldane will give a talk on “Whose Recovery?”. The seminar will be held in the Mill Lane Lecture Room 1 from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker\nAndy Haldane is the Chief Economist at the Bank of England and Executive Director\, Monetary Analysis and Statistics. He is a member of the Bank’s Monetary Policy Committee. He also has responsibility for research and statistics across the Bank. In 2014\, TIME magazine named him one of the 100 most influential people in the world. Andy has written extensively on domestic and international monetary and financial policy issues. He is co-founder of ‘Pro Bono Economics’\, a charity which brokers economists into charitable projects. \nTalk overview\nAndy Haldane will talk on the issue of at an aggregate level\, there has been a strong recovery in the UK economy over the past three years and a dramatic improvement in the jobs market. For many\, the economic recovery has been visible and tangible – in sales\, in jobs\, in investment. But for others it is barely visible and for some non-existent. Put differently\, whose recovery are we actually talking about? This economic recovery has varied considerably across different dimensions depending on: where in the country you live\, how old you are\, what assets you own and your income level. For growth to be sustainable and strong it needs to be inclusive and comprehensive.\nThis talk will discuss how we might reconcile the macro data with these micro accounts\, and what role public policy should seek to play over time to close these fault-lines and achieve inclusive and sustainable rises in societal well-being. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-series-speaker-tbc/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20170208T180000
DTEND;TZID=UTC:20170208T193000
DTSTAMP:20260407T015510
CREATED:20161219T121516Z
LAST-MODIFIED:20161219T123118Z
UID:542-1486576800-1486582200@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar –  'Explaining the Euro Crisis: Current Account Imbalances\, Credit Booms and Economic Policy in Different Economic Paradigms’\, Engelbert Stockhammer
DESCRIPTION:Date: Wednesday 8 February 2017\nTime: 18:00 -19:30\nSpeaker: Engelbert Stockhammer\nTalk Title: ‘Explaining the Euro Crisis: Current Account Imbalances\, Credit Booms and Economic Policy in Different Economic Paradigms’\nLocation: Ramsden Room\, St Catharine’s College \nSt Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, a seminar will be held on 08 February\, 2017 – Engelbert Stockhammer will give a talk on ‘Explaining the Euro Crisis: Current Account Imbalances\, Credit Booms and Economic Policy in Different Economic Paradigms’. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Judge Business School. \nSpeaker:\nEngelbert Stockhammer is Professor of Economics at Kingston University London and coordinator of the Political Economy Research Group (PERG). He has worked on Post Keynesian Economics\, financialisation\, wage-led demand regimes and economic policy in Europe and is ranked among the top 5% of economists worldwide by REPEC. He has published numerous articles in international peer-refereed journals\, including the Cambridge Journal of Economics\, Oxford Review of Economic Policy\,International Review of Applied Economics\, Journal of Post Keynesian Economics\, British Journal of Industrial Relations\, Environment and Planning A\, New Political Economy\, and Socio-Economic Review. Recent books include Wage-Led Growth. An Equitable Strategy for Economic Recovery. \nTalk overview:\nThe paper proposes a post-Keynesian analysis of the Eurozone crisis and contrasts interpretations inspired by New Keynesian\, New Classical\, and Marxist theories. The origin of the crisis is the emergence of a debt-driven and an export-driven growth model\, which resulted in rapid increase in private debt ratios and current account imbalances. The reason the crisis escalated in southern Europe\, but not in other parts of the world\, lies in the unique dysfunctional economic policy regime of the Euro area. European fiscal rules and the Troika impose fiscal austerity on countries in crisis and the separation of fiscal and monetary spaces has made countries vulnerable to sovereign debt crises and forced them to comply. We analyse the role different paradigms attribute to current account imbalances\, fiscal policy and monetary policy. Remarkably\, opposing views on the relative importance of cost and demand developments in explaining current account imbalances can be found in both heterodox and orthodox economics. Regarding the assessment of fiscal and monetary policy there is a clearer polarisation\, with heterodox analysis regarding austerity as unhelpful and large parts of orthodox economics endorsing it. We conclude that there is a weak mapping between post-Keynesian\, New Classcial\, New Keynesian and Marxist theories and different economic policy strategies for the Euro area\, which we label Keynesian New Deal\, European Orthodoxy\, Moderate Reform and Progressive Exit respectively. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/542/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20170125T180000
DTEND;TZID=UTC:20170125T183000
DTSTAMP:20260407T015510
CREATED:20161219T120942Z
LAST-MODIFIED:20161219T122803Z
UID:540-1485367200-1485369000@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – 'Brexit and the Political Economy of ‘Populism’\, Yiannis Kitromilides
DESCRIPTION:Date: Wednesday 25 January 2017\nTime: 18:00 -19:30\nSpeaker: Yiannis Kitromilides\nTalk Title: ‘Brexit and the Political Economy of ‘Populism’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 25 January\, 2017 – Yiannis Kitromilides will give a talk on “Brexit and the Political Economy of ‘Populism'”. The seminar will be held in the RAMSDEN Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \nSpeaker\nYiannis Kitromilides is Associate Member of the Cambridge Centre of Economic and Public Policy\, Department of Land Economy\, University of Cambridge. He has previously taught at the University of Greenwich\, the University of Westminster\, the University of Middlesex and the School of Oriental and African Studies\, University of London. His main research interests are in the areas of European Monetary Integration\, Reform of Banking\, Economics of Climate Change and the Political Economy of Economic Policy-making. His most recent publications include papers on the political economy of the austerity strategy\, Greece and the eurozone crisis\, Technocracy and public policy-making and the EU after ‘Brexit’. \nTalk Overview\nThe unexpected electoral success of both the ‘leave’ campaign in the UK referendum and of Donald Trump in the US presidential elections has been widely attributed to the rise of right-wing ‘populism’. It is predicted that this phenomenon is likely to be repeated in other parts of Europe and the World. This is to be contrasted with left-wing ‘populism’ which produced the recent electoral successes of the anti-austerity movements of Syriza in Greece and Podemos in Spain. ‘Populism’ appears to provide an explanation for the electoral successes of both left-wing and right-wing movements. The concept of ‘populism’ is subject to many different\, often conflicting\, interpretations and definitions. The paper examines the different varieties of ‘populism’ and concludes that given its elusive nature the widespread use of the term as an explanation of recent surprising electoral outcomes is of rather limited usefulness. Regarding ‘Brexit’\nthe paper discusses an alternative explanation for the electoral outcome of the UK referendum as ‘an accident waiting to happen’. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-brexit-and-the-political-economy-of-populism-yiannis-kitromilides/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161116T180000
DTEND;TZID=UTC:20161116T193000
DTSTAMP:20260407T015510
CREATED:20161108T103246Z
LAST-MODIFIED:20161114T134410Z
UID:490-1479319200-1479324600@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – Graham Gudgin & Ken Coutts 'Can fiscal and monetary policy offset macro-economic losses from Brexit'
DESCRIPTION:Date: Wednesday 16 November 2016\nTime: 18:00 -19:30\nSpeakers: Graham Gudgin & Ken Coutts\nTalk Title: ‘Can fiscal and monetary policy offset macro-economic losses from Brexit’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the ‘Economics of Austerity’\, will be held on Wednesday 16 November 2016. Graham Gudgin & Ken Coutts will give a talk on “Can fiscal and monetary policy offset macro-economic losses from Brexit”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-graham-gudgin-ken-coutts-can-fiscal-and-monetary-policy-offset-macro-economic-losses-from-brexit/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161102T180000
DTEND;TZID=UTC:20161102T193000
DTSTAMP:20260407T015510
CREATED:20160922T110334Z
LAST-MODIFIED:20161114T134527Z
UID:465-1478109600-1478115000@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar Series – David Miles ‘Real Estate and the Financial Sector in the Short and Long Term’
DESCRIPTION:Date: Wednesday 2 November 2016\nTime: 18:00 -19:30\nSpeaker: David Miles \nTalk Title: ‘Real Estate and the Financial Sector in the Short and Long Term’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on Wednesday 24 February 2016 – Anastasia Nesvetailova will give a talk on “Shadow Banking and Financial Innovation: in Search of a Theory”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \n  \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-speaker-david-miles/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161019T180000
DTEND;TZID=UTC:20161019T193000
DTSTAMP:20260407T015510
CREATED:20160922T105907Z
LAST-MODIFIED:20161114T134624Z
UID:464-1476900000-1476905400@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – Peter Sinclair ‘In Search of Smart Fiscal Policies’
DESCRIPTION:Date: Wednesday 19 October 2016\nTime: 18:00 -19:30\nSpeaker: Peter Sinclair\nTalk Title: ‘In Search of Smart Fiscal Policies’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on Wednesday 17 February 2016. Peter Sinclair will give a talk on “In Search of Smart Fiscal Policies”. The seminar will be held in the Ramdsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-speaker-peter-sinclair/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161012T180000
DTEND;TZID=UTC:20161012T193000
DTSTAMP:20260407T015510
CREATED:20160922T105542Z
LAST-MODIFIED:20161114T140124Z
UID:463-1476295200-1476300600@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – Terry Barker ‘Financialisation of the Global Economic System Past\, Present and Future@ its Relevance to Austerity Economics’
DESCRIPTION:Date: Wednesday 12 October 2016\nTime: 18:00 -19:30\nSpeaker: Terry Barker\nTalk Title: ‘Financialisation of the Global Economic System Past\, Present and Future@ its Relevance to Austerity Economics’\nLocation: Ramsden Room\, St Catharine’s College \nThe next St Catharine’s Political Economy Seminar in the series on the ‘Economics of Austerity’\, will be held on Wednesday 12 October 2016. Terry Barker will give a talk on “Financialisation of the Global Economic System Past\, Present and Future@ its Relevance to Austerity Economics”. The seminar will be held in the Ramsden Room at St Catharine’s College from 6.00-7.30 pm. All are welcome. The seminar series is supported by the Cambridge Journal of Economics and the Economics and Policy Group at the Cambridge Judge Business School. \nPlease contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (mk24@cam.ac.uk) in the event of a query. \n 
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-speaker-terry-barker/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:StCatzS
ATTACH;FMTTYPE=image/png:https://politicaleconomyhub.net/wp-content/uploads/2015/01/ST_Catz_shield.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160504T180000
DTEND;TZID=UTC:20160504T193000
DTSTAMP:20260407T015510
CREATED:20151203T133952Z
LAST-MODIFIED:20160920T111513Z
UID:352-1462384800-1462390200@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – Speaker: Paul De Grauwe
DESCRIPTION:The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 4 May 2016 – Paul De Grauwe will give a talk on ‘’Flexibility versus Stability. A Difficult Trade off in the Euro Area’’. The seminar will be held in the Ramsden Room\, St Catharine’s College from 6.00-7.30 pm. All are welcome.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-speaker-paul-de-grauwe/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:Seminar,StCatzS
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160420T180000
DTEND;TZID=UTC:20160420T193000
DTSTAMP:20260407T015510
CREATED:20151203T133748Z
LAST-MODIFIED:20160920T112123Z
UID:351-1461175200-1461180600@politicaleconomyhub.net
SUMMARY:St Catharine’s Political Economy Seminar – Speaker: Richard Murphy
DESCRIPTION:The next St Catharine’s Political Economy Seminar in the series on the Economics of Austerity\, will be held on 20 April 2016 – Richard Murphy will give a talk on ‘’Will austerity work?’’. The seminar will be held in the Ramsden Room\, St Catharine’s College from 6.00-7.30 pm. All are welcome.
URL:https://politicaleconomyhub.net/event/st-catharines-political-economy-seminar-speaker-richard-murphy/
LOCATION:Ramsden Room\, St Catharine’s College\, St Catharine's College\, Cambridge\, cb21rl\, United Kingdom
CATEGORIES:Seminar,StCatzS
END:VEVENT
END:VCALENDAR