|
on Macroeconomics |
| By: | Joana Sousa-Leite |
| Abstract: | This paper studies how banks’ balance sheets before the negative interest rate policy (NIRP) shaped credit supply and loan pricing around the ECB’s first move into negative territory in June 2014. We identify heterogeneous credit responses by comparing the lending decisions of different banks lending to the same firm. We find that banks with higher reliance on deposit funding prior to NIRP contract credit supply and cut loan rates more over the subsequent months, consistent with deposit rate rigidity and banks’ funding structure shaping the adjustment of both credit supply and loan pricing when policy rates turn negative. In contrast, banks with stronger liquidity positions expand credit more and cut loan rates less, suggesting that securities holdings provide a buffer that supports lending under negative policy rates. The effects on lending volumes are concentrated among ex-ante safer firms, indicating that balance sheet constraints primarily operate through credit reallocation towards borrowers with greater access to alternative funding sources. |
| Keywords: | monetary policy, negative interest rate policy, bank lending channel, deposits channel, portfolio rebalancing. |
| JEL: | E50 E52 E58 G21 |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:ise:remwps:wp04042026 |
| By: | FUJITA, Shumpei; IIBOSHI, Hirokuni; SHINTANI, Mototsugu |
| Abstract: | We evaluate the macroeconomic effects of unconventional monetary policy (UMP) in Japan, focusing in particular on the Quantitative and Qualitative Monetary Easing (QQE) implemented during Governor Haruhiko Kuroda’s tenure. To identify UMP shocks, we impose narrative sign restrictions on structural shocks and on historical decompositions, exploiting three major policy episodes that generated significant surprises in financial markets. Our results indicate that expansionary UMP shocks increase both output and the inflation rate. The exchange rates, stock prices, and bank lending also respond to the UMP shock in a manner consistent with standard macroeconomic theory. Furthermore, narrative sign restrictions resolve some puzzling responses observed with Cholesky decomposition and tighten the wide credible intervals typical of standard sign restrictions. |
| Keywords: | Monetary policy shock, narrative restrictions, structural vector autoregressive models |
| JEL: | E31 E32 E44 E52 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:hit:hiasdp:hias-e-156 |
| By: | Ricardo J. Caballero |
| Abstract: | AI technology can generate speculative-growth equilibria. These are rational but fragile: elevated valuations support rapid capital accumulation, yet persist only as long as beliefs remain coordinated. Because AI capital is labor-like, it expands effective labor and dampens the normal decline in the marginal product of capital as the capital stock grows. The gains from this expansion accrue disproportionately to capitalists, whose saving rate rises with wealth, raising aggregate saving. Building on Caballero et al (2006), I show that these features generate a funding feedback—rising capitalist wealth lowers the required return—that can produce multiple equilibria. With intermediate adjustment costs, elevated valuations are the mechanism that sustains a transition toward a high-capital equilibrium; a loss of confidence can precipitate a self-fulfilling crash and reversal. |
| JEL: | E21 E22 E24 E44 O33 O41 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:34722 |
| By: | Kohei Hasui; Tomohiro Sugo; Yuki Teranishi |
| Abstract: | This paper shows that the recent Fed's exit strategy reflects the conduct of optimal monetary policy in a liquidity trap. We use the conventional new Keynesian model for the U.S economy, incorporating recent inflation persistence. As observed in the Fed's liftoff policy, optimal monetary policy shows inflation overshooting and prolonged zero interest rate policy under high inflation beyond the 2 percent target. With greater persistence of inflation, inflation overshooting becomes larger, yielding better consistency with the data. Our analysis also indicates the presence of a forward guidance puzzle in the Fed's exit policy. Under optimal monetary policy, the discounted Euler equation successfully dampens forward guidance effects and better describes the output gap. |
| Keywords: | liquidity trap, optimal monetary policy, inflation persistence, forward guidance |
| JEL: | E31 E52 E58 E61 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:een:camaaa:2026-03 |
| By: | Elvy Maria Manurung (Parahyangan Catholic University, Indonesia); Tahta Alfina (Parahyangan Catholic University, Indonesia) |
| Abstract: | The coffee drinking culture has become a part of daily life. Many studies have been conducted on the coffee business, coffee drinking culture, and technological advancements. However, there is still a lack of focus on the creativity process and the impact of the coffee drinking culture. This research focuses on the technological changes in coffee machines, especially the transition from manual to semi-automatic roasting machines, and how this affects the coffee beverage business and the coffee drinking culture. Using observation and several interviews with three entrepreneurs in the coffee drinking businesses in West Java, Indonesia, the research findings indicate that coffee machine technology has been utilized to develop the coffee beverage business and has contributed to changing the landscape of coffee drinking culture in Indonesia. Coffee drinking now serves as a beverage and a symbol of social status and individual identity. The four steps of the creativity process by Richard Florida confirmed that business continuity needs to adopt four stages: preparation, incubation, illumination, and verification. If one or several creative ethos are skipped, business sustainability will be impacted. |
| Keywords: | technology innovation, creativity process, entrepreneurship, coffee drinking culture, sustainability |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:smo:raiswp:0558 |
| By: | Artmann, Elisabeth (Institute for Employment Research (IAB), Nuremberg, Germany) |
| Abstract: | "Technological change, increasing digitalisation and demographic shifts are bringing about significant transformations in the world of work. This makes continuous training and lifelong learning increasingly important. Training measures can increase the employability of individuals without vocational qualifications, thereby improving their chances in the labour market. Nevertheless, low-skilled workers remain underrepresented in company-sponsored training, but also in programmes subsidized by the Federal Employment Agency (FEA). Retraining programmes, which are subsidised further training programmes leading to a vocational qualification, are an important form of further training offering low-skilled workers the opportunity to obtain a vocational qualification. This report is based on an ad hoc survey conducted as part of the IAB Online Panel Survey ”Working and Living in Germany” (IAB-OPAL), to which low-skilled individuals aged between 25 and 60 were invited, regardless of their employment status. About 61 percent of the participants indicated that they received citizen’s benefit. The survey first asked whether individuals without a vocational qualification know that retraining can be funded by the FEA. Knowledge of the further training bonus introduced in 2016 and the further training allowance introduced in 2023 was also surveyed. Other topics covered included respondents’ willingness to participate in retraining, the criteria they consider important for the attractiveness of retraining, and the reasons why they would reject such further training. To gain insight into the expected benefits of retraining, respondents were asked to estimate their potential income increase resulting from completing a retraining programme. Finally, a vignette study examined some of the factors influencing the probability of participating in retraining. The results show that only about 62 per cent of respondents were aware that retraining courses are funded by employment agencies and jobcenters. Of those receiving citizen’s benefit, only around half knew about this general funding option. A relatively small minority of respondents had heard of the further training bonus and allowance. Nevertheless, respondents expressed a high willingness to participate in retraining. Important criteria of further training programmes for low-skilled respondents were a training occupation that is a good fit for the individual and the prospect of better labour market opportunities. While the majority of participants rated the two incentive payments (the further training bonus and allowance) as (somewhat) important, they were least often considered to be very important compared to all other indicated attractiveness criteria. However, according to the survey responses, these financial incentives play a more important role for citizens’ benefit recipients than for people outside the citizens’ benefit system. Frequently cited reasons for rejecting possible retraining included having to forgo a regular income during retraining and its uncertain financial return. Compared to people not receiving citizens’ benefit, citizens’ benefit recipients more frequently cited care responsibilities and health problems as barriers to further training. Uncertainty about the profitability of further training was reflected in respondents’ estimates of the change in their income after completing retraining. Around 27 per cent of respondents expected no change in income, while around 18 per cent expected an increase of only up to 100 euros per month. Compared to people without this benefit, individuals receiving citizens’ benefit support were much less likely to expect no increase in income; however, the majority also estimated their potential earnings gain to be low. As the multivariate analyses based on the vignette study show, better earning prospects significantly increased the self-assessed probability of participation. The further training bonus and allowance also positively influenced the intention to participate. Conversely, longer commuting times to the training institution significantly reduced the self-assessed probability of participation. Support in finding care for children and persons in need of care also increased the stated probability of participation. The report provides some insights as to which structural factors and training conditions influence the willingness of low-skilled workers to undertake further training. The survey found that many low-skilled workers face multiple barriers, meaning needs-based counselling is necessary to find a further training programme that is suitable for individuals’ circumstances and life situation. For instance, many respondents seemed unaware of the financial benefits of vocational qualifications and the necessity of further training. A significant proportion of respondents expected no or only a slight improvement in income from retraining; did not want to repeatedly start something new; or believed that their existing qualifications were (rather) sufficient. At the same time, better opportunities in the labour market and higher earning potential were frequently indicated as attractiveness criteria for retraining. However, only part of those surveyed seem to expect such improvements from subsidised retraining that would also outweigh their subjective costs of further training. Furthermore, only part of the respondents were aware of the general funding opportunities for retraining, and only a small proportion had heard of the further training bonus and allowance. The most frequently cited barrier to retraining was not being able to forgo a proper income for so long. Providing better information about the incentive payments for further training could counteract this to some extent. People receiving a citizen’s benefit frequently cited care responsibilities and/or health issues as barriers to further training. Formats such as virtual/hybrid further training or part-time measures could offer a remedy here, as they potentially allow for a better reconciliation of training and caregiving responsibilities, and may be more manageable in the event of health problems. If longer retraining is not feasible despite an interest in further training, participation in shorter, non-degree-oriented measures or partial qualifications could be an alternative." (Author's abstract, IAB-Doku) ((en)) |
| Keywords: | IAB-Befragung Arbeiten und Leben in Deutschland |
| Date: | 2026–02–03 |
| URL: | https://d.repec.org/n?u=RePEc:iab:iabfob:202601 |
| By: | Serpil Kahraman (Yasar University, Izmir, Turkiye); Merve Keser (Yasar University, Izmir, Turkiye) |
| Abstract: | Central Banks have traditionally managed and conducted monetary policy tools to achieve macroeconomic policy goals. Green Central Banking is a subset of central banking that acknowledges the profound impact of climate change on the economy. The measures undertaken by central banks to address these environmental issues are referred to as “green central banking.†Since the European Central Bank (ECB) introduced this concept in July 2021, central banks have begun to integrate this tool into monetary policy. This study provides a comprehensive overview of central banks' roles and actions in the context of environmental issues through a systematic literature review using WoS and Scopus databases. The results indicate that two main research questions are extensively examined by a large body of literature: (1) whether green monetary policies have an impact on climate change, and (2) whether climate change has an impact on green central banking as a converse causality. The existing literature tends to support the view that there is a bidirectional interaction between green central banking and climate change. It can also be said that the nascent body of literature lacks complementary research questions on how the greening of central banks, considering the costs and benefits of the policies. Thus, the literature focuses on three key rationales: the role of climate policy on green central banking and its monetary policies, the converse interaction from green central banking to climate policy, and the bidirectional interaction between the two. |
| Keywords: | monetary policy, central banking, green central banking |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:smo:raiswp:0584 |
| By: | Jason B. Cho; David S. Matteson |
| Abstract: | We introduce BASTION (Bayesian Adaptive Seasonality and Trend DecompositION), a flexible Bayesian framework for decomposing time series into trend and multiple seasonality components. We cast the decomposition as a penalized nonparametric regression and establish formal conditions under which the trend and seasonal components are uniquely identifiable, an issue only treated informally in the existing literature. BASTION offers three key advantages over existing decomposition methods: (1) accurate estimation of trend and seasonality amidst abrupt changes, (2) enhanced robustness against outliers and time-varying volatility, and (3) robust uncertainty quantification. We evaluate BASTION against established methods, including TBATS, STR, and MSTL, using both simulated and real-world datasets. By effectively capturing complex dynamics while accounting for irregular components such as outliers and heteroskedasticity, BASTION delivers a more nuanced and interpretable decomposition. To support further research and practical applications, BASTION is available as an R package at https://github.com/Jasoncho0914/BASTION |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2601.18052 |
| By: | Holmberg, Johan (Department of Economics, Umeå University); Simmons, Michael (Department of Economics, Umeå University); Telemo, Paul (Department of Economics, University of Strathclyde) |
| Abstract: | We study the role of liquid wealth in job displacement costs using Swedish administrative data. Low-wealth hand-to-mouth workers experience substantially larger earnings losses after job loss than wealthier peers. Because earnings losses are largest for individuals least able to smooth consumption, standard estimates understate heterogeneity in welfare losses. The relationship between wealth and displacement costs persist after controlling for worker and employer characteristics that are highlighted in the displacement literature. Using parental death as an instrument for liquid wealth growth, we show that inheritances significantly reduce displacement costs for hand-to-mouth individuals but have no effect for wealthier workers. |
| Keywords: | Job displacement; Wealth; Hand-to-mouth; Job search; Earnings losses |
| JEL: | E24 J31 J62 J63 J64 J65 |
| Date: | 2026–02–03 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:umnees:1043 |
| By: | Johannes Langner; Gregor Svindland |
| Abstract: | This paper assumes a robust stochastic model where a set $\mathcal{P}$ of probability measures replaces the single probability measure of dominated models. We introduce and study $\mathcal{P}$-sensitive functions defined on robust function spaces of random variables. We show that $\mathcal{P}$-sensitive functions are precisely those that admit a representation via so-called functional localization. The theory is applied to solving robust optimization problems, to convex risk measures, and to the study of no arbitrage in robust one-period financial models. |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2601.19511 |
| By: | Keefer, Philip; Ronconi, Lucas |
| Abstract: | Why are inefficient policies popular? One explanation is incomplete voter information. Evidence from survey experiments in Argentina points instead to inattention. The experiments explore voter evaluations of two anti-inflation policies, price controls and limits on monetary emission. Inattentive individuals should favor policies with simple, easily validated narratives, such as price controls; survey respondents considered price controls to be at least as effective in controlling inflation as limits to monetary emission. Two experimental treatments encouraged respondents to consider more complex policy narratives. Both increased respondent evaluations of the effectiveness of monetary policy relative to price controls. Inattention better accounts for these results: effects were independent of respondent knowledge and beliefs; larger for the evaluation of the more complex policy; and strongest for respondents who were more attentive to the survey. Treatment effects are also independent of the strength of partisan identity and ideological beliefs, indicating that these are low-cost cues for inattentive voters rather than signals of immutable beliefs regarding appropriate policies. The results underscore the role of attention in the spread of political narratives and their influence on voter behavior. |
| Keywords: | rational inattention;cognitive effort;attention allocation;Voter Behavior;Populism |
| JEL: | C90 D72 D80 D83 E71 P30 P50 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:idb:brikps:14480 |
| By: | Lahcen Oulhaj |
| Abstract: | La modélisation classique de la croissance repose sur des outils – notamment la fonction de production agrégée et la comptabilité de la croissance – dont les incohérences logiques et les ambiguïtés épistémologiques sont connues depuis la Controverse de Cambridge et les travaux d’Anwar Shaikh. Pourtant, ces failles continuent d’alimenter des raisonnements fallacieux dans le débat économique et les discours institutionnels. Cet article montre que la nature tautologique de ces outils n’est pas une simple curiosité technique, mais la source même des illusions causales qui persistent dans l’analyse et la communication économique, telles que l’idée d’une « croissance tirée par la consommation » ou d’une « productivité totale des facteurs » agissant comme cause autonome. En retraçant la généalogie de ces confusions, du modèle de Solow à la comptabilité nationale, l’article démontre que le cadre néoclassique transforme des identités comptables ex post en explications causales ex ante. Ce glissement méthodologique conduit à une vision mécanique et circulaire de la croissance, où la description tient lieu d’explication. Sur cette base, l’article plaide pour une refondation de l’analyse de la croissance autour d’une approche plus réaliste, qui intègre la demande effective, le capital naturel et immatériel, ainsi que les interactions complexes entre acteurs hétérogènes. La croissance doit être pensée non comme un processus à piloter, mais comme un phénomène émergent, fruit d’un écosystème économique et institutionnel à cultiver plutôt qu’à contrôler. |
| Date: | 2025–11 |
| URL: | https://d.repec.org/n?u=RePEc:ocp:rpaeco:rp15_25 |
| By: | António Afonso; José Alves; Frederico Silva Leal |
| Abstract: | Using quarterly data for the period Q1:2000–Q4:2024, the study examines whether elections in EU-27 member states shape the composition and timing of fiscal policy strategies, and how political, fiscal and institutional constraints condition these dynamics. Employing a two-way fixed-effects framework, we find evidence that elections consistently lead to increases in primary expenditure. These effects are visible across several components, namely compensation of employees, intermediate consumption, gross fixed capital formation, and other primary expenditure. Using alternative electoral windows reveals that some adjustments begin before the electoral year, particularly in the case of GFCF and other primary expenditure, suggesting medium-term planning of politically salient spending. Importantly, these patterns emerge only around regular elections, with no evidence of political budget cycles in early elections. In addition, high-debt countries tend to adopt more restrictive electoral strategies, EU membership moderates pre-electoral spending, and coalition governments appear to impose additional fiscal discipline during election periods. Overall, the findings indicate that political budget cycles persist in the European Union, but their magnitude and composition depend critically on fiscal conditions, institutional frameworks, and governance structures. |
| Keywords: | Political Budget Cycles, Fiscal Policy, Elections, European Union. |
| JEL: | D72 E62 H60 |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:ise:remwps:wp04052026 |
| By: | Richard Disney; Tom Kirchmaier; Stephen Machin; Carmen Villa |
| Abstract: | Novel spatial data on London street gangs between 1990 and 2015 are combined with local housing characteristics to produce a newly constructed data source that shows how social housing and its architectural design relates to gang presence and neighbourhood crime. High-rise public housing estates built in the post-World War II era are much more likely to host gangs than areas without social housing. To address concerns that social housing was built in already high-crime areas, localised high-rise construction is shown to be predicted from spatial patterns of WWII bomb damage that occurred in the 1940-41 Blitz. Bomb-induced high-rise construction significantly raises gang presence and criminality, with there being especially high juvenile crime rates in gang areas. |
| Keywords: | London gangs, public housing, bombs, knife crime |
| Date: | 2026–01–28 |
| URL: | https://d.repec.org/n?u=RePEc:cep:cepdps:dp2147 |
| By: | Brandão, Tiago |
| Abstract: | This paper examines the historical and institutional evolution of Science, Technology and Innovation (STI) policies in Portugal, focusing on their continuities, ruptures, and especially their transition into the 21st century. It analyses the current characteristics of these policies —priorities, goals, instruments, and investments— in light of their historical trajectories. The central hypothesis is that technocratic management logics continue to shape public STI policies, expressed through the consolidation of a technocratic bureaucracy and the growing dominance of the innovation agenda as the main organizing principle of the system. Using a qualitative methodology, the paper combines historiographical review, documentary analysis (laws, programmes, and national plans), and statistical data on science and technology. Through a rigorous political-institutional reconstruction, it aims to understand the consolidation process of the Portuguese STI system in a country located on the periphery of the EU and the semi-periphery of the world system. The paper argues that the technocratic hegemony and the pro-innovation orientation are key to understanding both the advances and the structural limitations of the Portuguese case. |
| Date: | 2026–02–06 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:unrt3_v1 |
| By: | Lacchè, Alessio |
| Abstract: | This dissertation investigates how capitalist globalisation undermines traditional local knowledge systems, focusing on the Indian ghani, an ancient artisanal method of producing edible oil. The decline of this practice is analysed within the broader context of Western-driven development, agri-food industrialisation, and liberalisation of the edible oil sector. The study examines epistemological tensions between traditional and modern knowledge, the sociocultural and economic significance of the ghani, and the extent to which artisanal practices can coexist with industrial production in contemporary India. A hybrid deductive–inductive approach was employed, combining a literature review with fieldwork conducted in India. This comprised two surveys allowing both quantitative and qualitative analysis of contributions from a wide range of stakeholders, including civil society, ghani workers, NGOs, industry representatives, and academics. Findings reveal declining visibility and practical knowledge of the ghani, yet also a strong sociocultural resonance. This paradox reveals a fading practice that continues to embody memory, identity, and resistance to the homogenisation of global models. Economically, small producers face severe disadvantages in competing with industrial plants and cheap imports, while niche markets provide only limited opportunities for survival. The analysis shows how industrial and policy frameworks structurally marginalise artisans, relegating them to peripheral or subordinated roles, while simultaneously rebranding elements of their cultural value for urban elite markets. This process of “eliticisation” risks detaching artisanal production from its community base, transforming a once accessible tradition into a niche commodity. The study concludes that the decline of the ghani is emblematic of wider processes of epistemic injustice, whereby capitalist globalisation privileges industrial efficiency and consumerist appropriation over cultural continuity, social equity, and ecological sustainability. It calls for a reimagined food system in which artisanal and industrial modes of production are integrated on more equitable terms. Such an approach would recognise the cultural and ecological contributions of traditional practices while harnessing the capacities of modern industry, generating hybrid models that are both more socially just and environmentally resilient. Safeguarding institutions like the ghani is thus not a nostalgic exercise but a vital step towards building plural, inclusive, and sustainable futures. |
| Date: | 2026–02–05 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:th65d_v1 |
| By: | Cedric Nartey (Illinois Institute of Technology, Chicago, Illinois, United States); Samson Quaye (Illinois Institute of Technology, Chicago, Illinois, United States); Maurice Dawson (Illinois Institute of Technology, Chicago, Illinois, United States) |
| Abstract: | Given the borderless nature of cyber threats, this study examines the collaboration to combat cybercrime through legal frameworks and law enforcement in Ghana and its neighboring countries. Many West African countries still have underdeveloped cybersecurity laws or strategies. For instance, as of 2021, only 29 out of 54 African states had enacted cybersecurity legislation, and just 10 had a national cybersecurity strategy. This fluctuating landscape allows criminals to exploit jurisdictions with weaker laws. Ghana stands out as a regional leader—ranked among the top in Africa for cybersecurity maturity— taking steps in ratifying the Budapest Convention on Cybercrime and the African Union’s Malabo Convention. However, Ghanaian officials have cautioned that this progress “will be meaningless if other African countries do not develop along the same line, as cyber insecurity in one country has a real impact on another.†This study explores mechanisms to bolster regional enforcement: harmonizing laws through Economic Community of West African States (ECOWAS) initiatives, improving cross-border information sharing, and building capacity among police and judicial authorities to handle digital evidence. The topic directly engages law enforcement and democratic institutions, since a secure cyberspace is essential for stable governance. It aligns with current policy needs by offering practical recommendations—such as cooperative frameworks and mutual legal aid improvements—and theoretical grounding in how international law can be localized to enhance West Africa’s cybersecurity posture. |
| Keywords: | cybersecurity, law enforcement, ECOWAS, cybercrime |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:smo:raiswp:0561 |
| By: | Dijkhuizen, Josette (Tilburg University, School of Economics and Management); Duijvelaar, Danielle |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:tiu:tiutis:058530ef-fc81-4c0d-b0e2-adfd50aff2e2 |
| By: | Colvin, Christopher L.; Dorman, Andrew; Jordan, David; Needham, Duncan |
| Abstract: | This paper examines how applied history can contribute to policymaking when understood as a way of structuring judgement under uncertainty rather than as a source of policy lessons or predictions. It argues that economic history is particularly well suited to facilitating this role because it combines institutional analysis with disciplined comparison of plausible alternatives and close attention to temporal constraints. Distinguishing between micro-pedagogical and macro-institutional applications, the paper analyses two sites of practice: (1) a historically grounded policy simulation used to train early-career civil service economists delivered by the Centre for Economics, Policy and History, a research centre based in Belfast and Dublin; and (2) longer-term engagement between historians and policy advisers in Whitehall organised through History & Policy, an applied history forum. The paper concludes by clarifying the possibilities and limits of applied economic history as a contribution to reflective policy practice. |
| Keywords: | applied economic history, historical uncertainty, policy pedagogy, practical historicism |
| JEL: | A20 B40 N01 |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:qucehw:335908 |