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Oxford Econ Policy

@oxrepjournal.bsky.social
125 followers 179 following 88 posts

Peer-reviewed journal bridging the gap between academic economics and policy debates since 1985. RTs aren't endorsements. academic.oup.com/oxrep/issue

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Oxford Econ Policy @oxrepjournal.bsky.social · 26/08/2026
Exploiting quasi-experimental variation in Peruvian mining, Osmel Manzano and Daniela Valdivia analyse how mining and fiscal redistribution affect education. Their findings presented in the OxREP suggest that tax reforms may weaken development where they undermine human capital-intensive sectors.
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Access to critical minerals and local governance: the case of mining and education in Peru
Abstract. The global energy transition has increased the demand for critical minerals, intensifying mining activity in resource-rich countries while raisin
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Oxford Econ Policy @oxrepjournal.bsky.social · 24/08/2026
Encouraging the diversification of production of critical minerals away from few supplier countries is desirable from a public welfare perspective but is difficult in practice. Read Gabriel Felbermayr’s article to learn about an innovative solution to this conundrum: diversification tariffs (DTs).
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The economics of diversification tariffs
Abstract. Recent evidence shows that imports of critical products can be concentrated on a small number of supplier countries. Such supplies are therefore
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Oxford Econ Policy @oxrepjournal.bsky.social · 23/08/2026
In their innovative OxREP article, Thiemo Fetzer and Peter John Lambert use modern network theory to develop powerful empirical tools that allow researchers to understand the criticality of different critical minerals and the vulnerability of supply chains to interruptions in supply.
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Critical minerals and industrial policy: a network-based approach to supply chain risk
Abstract. Policy debates on ‘critical minerals’ have multiplied faster than our empirical tools for identifying which products are system-critical. Most ex
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Oxford Econ Policy @oxrepjournal.bsky.social · 22/08/2026
Expanding critical mineral supply comes at an environmental and socioeconomic cost. In the OxREP, Erik Katovich and Jonah Rexer present their finding that price booms increase deforestation, especially where corruption is widespread. But anti-corruption measures may limit local economic growth.
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The global distribution of critical mining impacts
Abstract. Critical minerals and metals are essential for the clean energy transition, but their extraction raises concerns over local environmental and soc
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Oxford Econ Policy @oxrepjournal.bsky.social · 21/08/2026
What is the impact of critical minerals price shocks? Phuong Ho, Christopher Knittel, and Adrien Concordel suggest that they are less contractionary than oil shocks, with more gradual losses in output and welfare. Nonetheless, the authors call for policies to smooth investment in their wake.
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The differential impacts of critical mineral prices and oil prices on the economy
Abstract. This paper compares the impacts of critical mineral prices and oil prices on an economy in a unified neoclassical growth model. Unlike oil price
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Oxford Econ Policy @oxrepjournal.bsky.social · 20/08/2026
Resource and energy economics often miss the mark in the analysis of critical raw materials markets. In their OxREP article, Ilenia Gaia Romani and Rod Eggert argue that an inter-disciplinary approach including insights from science and engineering can reveal supply risks, prices and life cycles.
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From ores to outcomes: lessons for economists from science and engineering in the critical minerals scramble
Abstract. Critical raw materials (CRMs) differ from bulk commodities: markets typically are smaller, costs higher, technologies more complex, and supplies
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Oxford Econ Policy @oxrepjournal.bsky.social · 17/08/2026
How should resource-rich economies reform their mining taxation systems to capture economic rents generated through critical materials? Gregoire Rota Graziosi’s intervention in the OxREP reviews China’s fiscal approach before providing five concrete policy recommendations for other countries.
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Critical minerals, critical taxation
Abstract. The surging global demand for critical minerals has sparked a renewed scramble for these strategic resources, posing significant challenges for p
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Oxford Econ Policy @oxrepjournal.bsky.social · 16/08/2026
In this OxREP paper, Paul Collier highlights key strategic challenges African countries need to confront if they are to avoid the mistakes of previous years and secure a fair share of the benefits from the ‘new scramble for Africa’ as global players seek to secure critical mineral supplies.
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The opportunity for Africa presented by the scramble for critical minerals
Abstract. This article examines the scramble for Africa’s critical minerals. It argues that the surge of international interest gives African governments a
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Oxford Econ Policy @oxrepjournal.bsky.social · 15/08/2026
As the global economy enters the age of critical minerals, fossil fuel dependent economies face difficult choices whether to diversify within or outside the extractive sector. In the OxREP, Rabah Arezki, Michael L. Ross, and Rick van der Ploeg examine the challenges of diversification.
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The differential impacts of critical mineral prices and oil prices on the economy
Abstract. This paper compares the impacts of critical mineral prices and oil prices on an economy in a unified neoclassical growth model. Unlike oil price
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Oxford Econ Policy @oxrepjournal.bsky.social · 14/08/2026
In their OxREP article, Mouez Fodha, Aude Pommeret, and Francesco Ricci use a real-options framework to examine optimal investment in the mining of critical raw materials in a world characterized by heightened geoeconomic fragmentation and technical innovation, including in mineral recycling.
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Opening mines under the risk of geoeconomic fragmentation: a real-option approach
Abstract. This article examines the economic rationale for opening new mines to extract critical raw materials (CRMs) in Europe, in search of strategic aut
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Oxford Econ Policy @oxrepjournal.bsky.social · 13/08/2026
In the OxREP, Mathieu Couttenier and Dominic Rohner warn that the scramble for critical minerals may lead to a surge in armed conflict. Their analysis also suggests, however, that the green energy transition may pay ‘double dividends’: improved planetary health and reduced conflict.
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Critical minerals and conflict: a policy roadmap
Abstract. The world faces a twin crisis of surging armed conflicts and climate change. As discussed in the current article, while the much-needed green ene
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Oxford Econ Policy @oxrepjournal.bsky.social · 11/08/2026
In the OxREP, Samira Barzin, Rabah Arezki, and Frederick van der Ploeg introduce technologies combining satellite imagery with AI to monitor the supply of critical minerals. They not only identify ‘missing mines’ but also address association with misreporting. academic.oup.com/oxrep/articl...
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Detecting critical mines: a perspective from the sky
Abstract. The increased geopolitical and geoeconomic importance of critical minerals requires a clear and accurate understanding of the nature of supply. W
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Oxford Econ Policy @oxrepjournal.bsky.social · 09/08/2026
Drawing attention to the potential of saline geofluids, Jon Blundy argues that innovation in materials science and process engineering is key to improving security of supply. Read his OxREP article to learn more about this disruptive alternative CRM search space. academic.oup.com/oxrep/articl...
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Critical raw materials: geological perspectives, unconventional resources and disruptive opportunities
Abstract. Growing demand for critical raw materials (CRMs) and concerns over global supply chains raise questions about the very nature of mining and metal
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Oxford Econ Policy @oxrepjournal.bsky.social · 08/08/2026
Geopolitical deterioration leads to stockpiling of critical materials. Jamel Saadaoui, Russell Smyth, Joaquin Vespignani, and Yitian Wang argue in the OxREP that this poses a supply chain threat to the US, as diversification of refining beyond China is challenging. academic.oup.com/oxrep/articl...
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Critical minerals in an age of geopolitical rivalry: stockpiling, refining constraints, and the limits of friend-shoring
Abstract. US–China geopolitical tensions pose significant risks to global critical-mineral supply chains, particularly because refining capacity for most c
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Oxford Econ Policy @oxrepjournal.bsky.social · 07/08/2026
‘China accounts for 60–70 per cent of global processing capacity for lithium, cobalt, rare earths, and graphite’, writes Bin Hu in the OxREP. Hu explains how China’s critical minerals strategy has shifted from a strategy of ‘resource protection’ to 'system-shaping'. academic.oup.com/oxrep/articl...
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China’s critical minerals development strategy
Abstract. Critical minerals have become central to the global green transition, linking decarbonization, industrial policy, and geopolitical rivalry. This
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Oxford Econ Policy @oxrepjournal.bsky.social · 06/08/2026
‘The Scramble for Critical Minerals’ is reshaping the world economy. In their introduction to the OxREP, Chris Adam, Rabah Aretzki and Rick van der Ploeg explore the economics and politics of this global race. academic.oup.com/oxrep/articl...
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The scramble for critical minerals
Abstract. This paper examines economic and geopolitical consequences of the current phase of superpower competition to secure access to the critical minera
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Oxford Econ Policy @oxrepjournal.bsky.social · 05/08/2026
The new OxREP issue on 'The Scramble for Critical Minerals' is here! Read all articles online by clicking the link below: academic.oup.com/oxrep/issue/...
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Volume 42 Issue 1 | Oxford Review of Economic Policy | Oxford Academic
Publishes original contributions in economic policy, with a balance between macro- and microeconomics. Provides a valuable appraisal of economic policies worldwide with each issue focused on a topic o...
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Oxford Econ Policy @oxrepjournal.bsky.social · 24/03/2026
The climate and care crises are intertwined. In her OxREP article, Maria S. Floro shows how climate change heightens the demand for care and complicates the work of caregivers. Innovative efforts in building resilient care systems are necessary. doi.org/10.1093/oxre...
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Oxford Econ Policy @oxrepjournal.bsky.social · 23/03/2026
How can accessible, high-quality care be reconciled with economic sustainability? In the OxREP, Nathan Blane, Kate Harrison Brennan and @profbrendan.bsky.social argue that person-centred care can strengthen synergies between quality and robust productivity growth. doi.org/10.1093/oxre...
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Relational economics: investing in aged care R&D in Australia
Abstract. Across OECD countries, there is a conundrum in aged care policy—how to meet societal expectations of accessible, high-quality aged care, at the s
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Oxford Econ Policy @oxrepjournal.bsky.social · 22/03/2026
@katyahe.bsky.social, @lulushi.bsky.social and Lily Rodel weigh in on the debate surrounding the adoption of digital technologies as part of unpaid care in the OxREP. They argue that technological innovations are most effective where they complement human care. doi.org/10.1093/oxre...
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The risks and opportunities of adopting digital technologies as part of unpaid care
Abstract. The integration of digital technologies into unpaid care work is rapidly transforming how families provide and experience care. This paper synthe
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Oxford Econ Policy @oxrepjournal.bsky.social · 21/03/2026
In the OxREP, Elissa Braunstein applies a macro agenda to the economics of care. Her framework for integrating care into macroeconomics reconceptualises it as a productive process and public good, bridging the gap between feminist economics and policymaking. doi.org/10.1093/oxre...
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Incorporating care into economic models: a mostly macro agenda
Abstract. This article develops a comprehensive framework for integrating care into macroeconomic models. Moving beyond treating care as merely a constrain
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Oxford Econ Policy @oxrepjournal.bsky.social · 20/03/2026
The Covid-19 pandemic created real momentum for structural reform in the care sector. In the OxREP, Ipek Ilkaracan demonstrates that UN and World Bank policy frameworks have converged towards a feminist ‘transformative care agenda.’ doi.org/10.1093/oxre...
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Exploring evolving policy frameworks on the care economy: is there a convergence towards a transformative care agenda?
Abstract. In the years following the Covid-19 pandemic, multilateral organizations at both international and regional levels have issued numerous policy do
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Oxford Econ Policy @oxrepjournal.bsky.social · 19/03/2026
Applying rights-based policy frameworks can pave the way for comprehensive care systems. Examining the South American case in the OxREP, Valeria Esquivel illustrates how considering caregivers as right holders enables transformative care policies. doi.org/10.1093/oxre...
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Progress and challenges in advancing care policies in Latin America
Abstract. This article traces the evolution of care in Latin America from concept to political agenda to their institutionalization as national care system
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Oxford Econ Policy @oxrepjournal.bsky.social · 18/03/2026
Mariya Brussevich and Andrea Flores discuss policies aimed at reducing and redistributing the burden of care in their OxREP article. Parental leave and childcare, legal rights, and institutions determine the terms of female labour force participation. doi.org/10.1093/oxre...
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Policies to mitigate the burden of unpaid work on women
Abstract. This article reviews and systematizes existing evidence on policies aimed at reducing and redistributing the uneven burden of unpaid care work bo
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Oxford Econ Policy @oxrepjournal.bsky.social · 17/03/2026
How do child benefits impact time allocation patterns for South African single parents? Tanima Ahmed finds in her OxREP paper that they redistribute production work time to household maintenance and care work, coinciding with an increase in total work. doi.org/10.1093/oxre...
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Oxford Econ Policy @oxrepjournal.bsky.social · 16/03/2026
The US long-term care sector is plagued with persistent worker shortages. In the OxREP, @deliafurtado.bsky.social and Nicholas A. Jolly propose immigration policies as an effective tool for addressing labour shortages and productivity gaps. doi.org/10.1093/oxre...
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Addressing US eldercare worker shortages: the role of immigrant labour
Abstract. The United States is currently facing a worker shortage in the long-term care sector, which is only expected to worsen as the population ages. Im
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Oxford Econ Policy @oxrepjournal.bsky.social · 15/03/2026
Care in Spain has evolved in the 21st century. In the OxREP, Catalina Amuedo-Dorantes, Miriam Marcén, and Marina Morales draw attention to disparities in telecare, in-home care, daycare centres and nursing homes, and underline foreign-born workers’ role. doi.org/10.1093/oxre...
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Elderly care in Spain: regional inequities and the growing role of foreign-born workers
Abstract. Spain’s ageing population has driven significant changes in the provision of elderly care services over the past 25 years. In this paper, we expl
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Oxford Econ Policy @oxrepjournal.bsky.social · 14/03/2026
Dipa Sinha and @jayatighosh.bsky.social show how inequalities shape paid and unpaid care work in India in the latest OxREP. Patterns of care range from unrecognised informal care arrangements in families to formal employment in public and private hospitals. doi.org/10.1093/oxre...
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India’s unequal care economy
Abstract. In the context of massive care deficits and inadequate public provision of basic care services in India, there are significant inequalities not o
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Oxford Econ Policy @oxrepjournal.bsky.social · 13/03/2026
The motherhood penalty persists and deepens gender gaps. In their OxREP contribution, Pilar Cuevas-Ruiz, José Ignacio Gimenez-Nadal, Sveva Manfredi, and Almudena Sevilla highlight the impact of on-call care on long-term post-childbirth labour market outcomes. doi.org/10.1093/oxre...
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A new model of parental time investments: a paradigm shift for addressing gender inequality in the labour market
Abstract. This paper introduces a new framework for understanding the persistence of the motherhood penalty by emphasizing the role of on-call care. Using
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Oxford Econ Policy @oxrepjournal.bsky.social · 12/03/2026
In the OxREP, Benjamin Bridgman argues that household production is a key contributor to economic well-being. Tracking progress towards measuring household production within a national accounting framework, he also suggests measurements beyond GDP. doi.org/10.1093/oxre...
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Oxford Econ Policy @oxrepjournal.bsky.social · 11/03/2026
The latest OxREP assesses progress towards gender equality and women’s economic empowerment. Harnessing the potential of time-use surveys, Jacques Charmes presents a database of 44 countries, including several estimates of time use in unpaid and paid work. doi.org/10.1093/oxre...
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Trends in unpaid work across the world and progress in time-use data collection and policy use
Abstract. This paper builds on a database of 44 countries for which several estimates of time use in unpaid and paid work have been made available thanks t
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Oxford Econ Policy @oxrepjournal.bsky.social · 10/03/2026
Louis Henderson and Jane Humphries argue in the OxREP that care labour is systematically neglected in conventional economic metrics. They illustrate how breastfeeding has been historically unrecognised despite its crucial contribution to infant health. doi.org/10.1093/oxre...
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The economic history of caring labour: a case study of breastfeeding
Abstract. Caring labour, whether paid or unpaid, creates value, supports economic activity, and generates positive externalities, yet suffers neglect in co
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Oxford Econ Policy @oxrepjournal.bsky.social · 09/03/2026
In their OxREP article, Misty L. Heggeness, Joseph Bommarito, and Pilar McDonald introduce the concept of ‘care privilege’. Those with easy access to care provision often control policymaking, while caregivers struggle to influence social policies. doi.org/10.1093/oxre...
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The privilege of care and its relationship to the economy
Abstract. This paper provides a conceptual overview and exploration of formal and informal care provisions and their implications on economic measurement r
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Oxford Econ Policy @oxrepjournal.bsky.social · 08/03/2026
Care matters beyond households and state/market-coordinated paid care work. In the OxREP, Nina Banks and Anastasia Wilson analyse the origins, form and importance of unpaid collective care work performed by racialised women in the United States and Brazil. doi.org/10.1093/oxre...
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Beyond the household: racialized women’s collective community care work
Abstract. Feminist economics scholars have identified care work, in both its paid and unpaid forms, as a crucial economic activity that reproduces people’s
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Oxford Econ Policy @oxrepjournal.bsky.social · 07/03/2026
In her OxREP contribution, Naila Kabeer draws attention to a global feature of patriarchy: the asymmetrical gender division of labour. Women shoulder the burden of care and domestic work; men enjoy access to resources. This pattern genders poverty. doi.org/10.1093/oxre...
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Oxford Econ Policy @oxrepjournal.bsky.social · 05/03/2026
Public spending on care constitutes investment in social infrastructure. In her OxREP article, Susan Himmelweit argues that ignoring care’s social benefits causes systemic under-spending and leads policymakers to miss excellent multiplier opportunities. doi.org/10.1093/oxre...
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Care as investment in infrastructure
Abstract. This paper makes the case for recognizing spending on care, whether for young children, disabled adults, or the frail elderly, as an investment i
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Oxford Econ Policy @oxrepjournal.bsky.social · 04/03/2026
Care labour is productive, as evidenced by ‘outputs’, including enhanced individual and social capabilities. In the OxREP, @nancyfolbre.bsky.social proposes including non-monetary indicators such as health and life satisfaction in care provision cost-benefit analysis. doi.org/10.1093/oxre...
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What care produces
Abstract. This paper looks beyond valuation of inputs such as time and money to consider the outcomes or ‘outputs’ of care provision, which can be partiall
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Oxford Econ Policy @oxrepjournal.bsky.social · 03/03/2026
In their introduction to the OxREP’s issue on the economics of care, @profemilyjones.bsky.social , @isabel-ruiz.bsky.social, and Sarita Undurraga argue in favour of centring care in economic analysis. It is integral to the capabilities underpinning economic activity. doi.org/10.1093/oxre...
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Repositioning care in economics: concepts, measurement, and policy implications
Abstract. Care work, encompassing childcare, eldercare, disability care, household maintenance and emotional support, sustains the human capabilities upon
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Oxford Econ Policy @oxrepjournal.bsky.social · 02/03/2026
The OxREP's double issue on “The Economics of Care” has been published! Read all articles online here: academic.oup.com/oxrep/issue/...
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Volume 41 Issue 3-4 | Oxford Review of Economic Policy | Oxford Academic
Publishes original contributions in economic policy, with a balance between macro- and microeconomics. Provides a valuable appraisal of economic policies worldwide with each issue focused on a topic o...
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Oxford Econ Policy @oxrepjournal.bsky.social · 04/02/2026
How can macroeconomic models support policy during the net-zero transition? The final article in the latest OxREP outlines the structural changes necessary to mitigate climate change and identifies five criteria any model in the field should meet. doi.org/10.1093/oxre...
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Oxford Econ Policy @oxrepjournal.bsky.social · 03/02/2026
Structural economic change as dynamic resource creation – in their OxREP paper, Dimitri Zenghelis, Hector Pollitt, Jean-François Mercure, and Frank W. Geels illustrate how innovation, networks and behaviour are adopted in the global economy. doi.org/10.1093/oxre...
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Understanding and modelling structural economic change as a dynamic resource creation process—an application to low-carbon transitions
Abstract. The global economy is constantly undergoing large-scale structural change. Policy-makers face the task of deciding how technological change is di
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Oxford Econ Policy @oxrepjournal.bsky.social · 30/01/2026
In this issue of the OxREP, J. Doyne Farmer presents agent-based models (ABMs) as an alternative to mainstream macro analysis. Incorporating heuristic decision-making, myopic reasoning and/or learning algorithms, ABMs produce higher levels of realism. doi.org/10.1093/oxre...
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Quantitative agent-based models: a promising alternative for macroeconomics
Abstract. Agent-based models (ABMs) are dynamic computer simulations that abandon utility maximization and instead assume that agents are boundedly rationa
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Oxford Econ Policy @oxrepjournal.bsky.social · 29/01/2026
Supply-side forces drive structural change. Weifeng Larry Liu, Warwick McKibbin, Geoffrey Shuetrim, and Peter Wilcoxen show in the latest OxREP how asymmetric productivity growth may impact economic growth, trade, and relations in the world economy. doi.org/10.1093/oxre...
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Modelling structural change in global macroeconomic models
Abstract. The global economy has experienced significant structural change over the past several decades and is expected to continue evolving in the future
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Oxford Econ Policy @oxrepjournal.bsky.social · 28/01/2026
Introducing the Global Gaidar Model, Seth G. Benzell, @Kotlikoff, Maria Kazakova, Guillermo Lagarda, Kristina Nesterova, Victor Yifan Ye, and Andrey Zubarev explore future trajectories of convergence, global savings gluts, taxes and interest rates. doi.org/10.1093/oxre...
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The future of global economic power
Abstract. The global economy’s enormous region-specific demographic, technological, and fiscal changes raise five major questions. First, which regions wil
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Oxford Econ Policy @oxrepjournal.bsky.social · 27/01/2026
Did the 2021/22 inflation surge result from loose monetary and fiscal policy during the pandemic? Using a New Keynesian model, Andrew Hodge, Zoltan Jakab, Jesper Lindé, and Vina Nguyen show that the answer partly depends on the Phillips Curve’s slope. doi.org/10.1093/oxre...
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Did expansionary fiscal and monetary policies cause the inflation surge?
Abstract. This paper employs a two-country New Keynesian DSGE model to assess how much of the 2021–2 inflation surge in the US and the euro area is explain
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Oxford Econ Policy @oxrepjournal.bsky.social · 26/01/2026
In their OxREP response to Ben Bernanke's analysis of the BoE, Douglas Laxton, Haykaz Igityan, and Shalva Mkhatrishvili call for a rethinking of monetary policy. They emphasise the interplay between credibility, risk management, and macroeconomic stability. doi.org/10.1093/oxre...
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Monetary policy credibility, avoiding dark corners, and risk management: a response to Ben Bernanke's review of monetary policy-making at the Bank of England
Abstract. Ben Bernanke's Forecasting for Monetary Policy Making and Communication at the Bank of England: A Review (Bernanke, 2024) provides a stimulus for
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Oxford Econ Policy @oxrepjournal.bsky.social · 25/01/2026
Agents’ beliefs can change abruptly. Timo Henckel, Gordon Menzies, and Daniel J. Zizzo propose in the OxREP that such shifts in beliefs cause structural changes. While agents initially firmly defend beliefs, they might suddenly revise them. doi.org/10.1093/oxre...
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The straw that breaks the camel's back: inferential expectations and sudden belief changes
Abstract. We propose a theory of abrupt shifts in beliefs—termed inferential expectations (IE)—to explain significant structural changes observed in econom
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Oxford Econ Policy @oxrepjournal.bsky.social · 23/01/2026
Andrew Blake, Richard Dennis, Tatiana Kirsanova, and @t0nyyates.bsky.social demonstrate how multiple equilibria arise under discretionary monetary policy in a standard New Keynesian model with capital accumulation. Coordination on Pareto efficient optima is unlikely. doi.org/10.1093/oxre...
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Multiple equilibria in the absence of commitment
Abstract. This paper shows how multiple equilibria can arise under discretionary monetary policy in a standard New Keynesian model with capital accumulatio
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Oxford Econ Policy @oxrepjournal.bsky.social · 21/01/2026
Ross Garnaut notes in the OxREP that climate change mitigation seems like an unlikely aim. The difficulty of making progress towards goals is due to international trade in energy-intensive goods currently not being a feature of the zero-carbon economy. doi.org/10.1093/oxre...
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The Blair Black Hole in global climate policy
Abstract. Slow progress in reducing greenhouse gas emissions has led to comments that achievement of global climate change mitigation goals is unlikely, be
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Oxford Econ Policy @oxrepjournal.bsky.social · 18/01/2026
When should climate policies be implemented? Noting that propagation and amplification mechanisms increase effectiveness, Frederick van der Ploeg and Anthony J. Venables argue that temporary radical measures are necessary to reach key ‘tipping points’. doi.org/10.1093/oxre...
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Green transitions: complementarities, multiple equilibria, and tipping points
Abstract. With strategic complementarities stemming from peer effects in demand or technological spillovers, propagation and amplification mechanisms incre
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