See also https://ideas.repec.org/e/pva185.html
Forthcoming and 2024
Asset diversification versus climate action, International Economic Review. With Christoph Hambel and Holger Kraft. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3528239
How green capital slows down disinvestment of carbon-intensive capital in the green transition, Journal of Economic Dynamics and Control, 104857. With Wei Jin and Lin Zhang. https://www.sciencedirect.com/science/article/abs/pii/S0165188924000496
The political economy of adapting to climate change, VoxEU, 6 April 2024. With Y. van der Straten and Enrico Perotti. https://cepr.org/voxeu/columns/political-economy-adapting-climate-change
Markup matters: monetary policy works through aspirations, Bank Underground, 28 March, Bank of England. With Tim Willems. https://bankunderground.co.uk/2024/03/28/markup-matters-monetary-policy-works-through-aspirations/
Succesvol monetair beleid beslecht de strijd om de verdeling van het nationale inkomen, Economisch Statistische Berichten. With Tim Willems. https://esb.nu/succesvol-monetair-beleid-beslecht-de-strijd-om-de-verdeling-van-het-inkomen/
2023
The discounting premium puzzle: Survey evidence from professional economists, Journal of Environmental Economics and Management, 122, 102882. With Christian Gollier and Jiakun Zheng.
https://ora.ox.ac.uk/objects/uuid:f080a664-e226-4c5b-99d0-ad5792ec16a9
https://www.sciencedirect.com/science/article/abs/pii/S0095069623001006
On current and future carbon prices in a risky world, Journal of Economic Dynamics and Control, vol. 146, January, 104569. With Stan Olijslagers and Sweder van Wijnbergen. cesifo /2021/9092 tinbergen https://www.sciencedirect.com/science/article/abs/pii/S016518892200272X
Benefits of rent sharing in dynamic resource games, Dynamic Games and Applications, Special Issue in honour of Ngo Van Long. https://link.springer.com/article/10.1007/s13235-023-00528-5
Do strong oligopolies reverse Green Paradox effects?, European Journal of Political Economy. With Hassan Benchekroun, Gerard van der Meijden and Cees Withagen.
https://www.sciencedirect.com/science/article/pii/S0176268023000782
“Big push” green industrial policy, EconPol Forum, 24, 6, 32-36. With Niko Jaakkola and Tony Venables. https://www.cesifo.org/en/publications/2023/article-journal/big-push-green-industrial-policy
Fiscal costs of climate policies: role of tax, political, and behavioural distortions, European Fiscal Board’s 4th Annual Conference, Brussels, 25/2/2022, De Economist. https://ec.europa.eu/info/files/fiscal-costs-climate-policy-presentation-paper_en fiscal_costs.pdf https://link.springer.com/content/pdf/10.1007/s10645-023-09419-x.pdf
On the new geopolitics of critical earth materials and the green transition, in Peace not Pollution: How Going Green Can Tackle Climate Change and Toxic Politics, D. Rohner and C. Gollier (eds.), CEPR e-book. With Rabah Arezki.
2022
Radical climate policies, Policy Research Working Paper 10212, World Bank, Washington, D.C. Also CEPR Discussion Paper No. 17677. With Anthony J. Venables. https://openknowledge.worldbank.org/handle/10986/38185 https://cepr.org/publications/dp17677
Macro-financial risks in the fight against global warming, Review of Environmental Economics and Policy, 16, 2, 173-195. With Emanuele Campiglio. ssrn_3862256 https://www.journals.uchicago.edu/doi/10.1086/721016
Kapitalisme en vrijhandel houden dictators niet tegen (Capitalism and free trade do not stop dictators), Socialisme & Democratie, 79, 4, 39-47. https://wbs.nl/publicaties/kapitalisme-en-vrijhandel-houden-dictators-niet-tegen
Gathering support for green tax reform: surprising evidence from German Household Surveys, European Economic Review, 141, 103966. With Armon Rezai and Miguel Tovar. science/ S001429 cepr=16931
2021
The risk-adjusted carbon price, American Economic Review, 111, 9, 2782-2810. With Ton van den Bremer. cesifo aer tinbergen aer.20180517
Are economists getting climate dynamics right and does it matter?, Journal of the Association of Environmental and Resource Economists, 8, 5. With Simon Dietz, Armon Rezai and Frank Venmans. ox.climatedynamics-070220 cesifo1_wp8122.pdf uchicago10.1086/713977
No Brainers and Low-Hanging Fruits in National Climate Policies, E-book, CEPR, London (2021). With Francesco Caselli and Alex Ludwig. no-brainers-and-low-hanging-fruit
Optimal carbon pricing in general equilibrium revisited: temperature caps and stranded assets in an extended annual DSGE model, Journal of Environmental Economics and Management, 110, 102522. With Armon Rezai. cesifo/carbon-pricing science/ 875
Oil discoveries and protectionism: role of news effects, Journal of Environmental Economics and Management, 107, C, 102425 With Fidel Perez-Sebastian and Ohad Raveh. ox/wp/5242 ssrn science tinbergen
Climate policies: challenges, obstacles, and tools, National Institute Economic Review, Autumn 12-27. https://www.cambridge.org/core/journals/national-institute-economic-review/article/climate-policies-challenges-obstacles-and-tools/F5BBAC242CA8767CAC33BDA2595800FE
Carbon pricing under uncertainty, IIPF Keynote Lecture, Reykjavik, August 2020, International Tax and Public Finance, 28, 1122-1142. https://rdcu.be/cqjWe springer10.1007 springer102
Macro-financial implications of climate change and the carbon transition, pp. 90-142 in Central Banks in a Shifting World, Sintra Conference Proceedings, European Central Bank, Frankfurt. sintra/ecb
No Brainers and Low-Hanging Fruits in National Climate Policies, VoxEU, 8 October. With Francesco Caselli and Alex Ludwig. voxeu.org/no-brainers
Recycling revenue to improve political feasibility of carbon pricing in the United Kingdom, VoxEU, 4 October. With Maria Chiara Paoli. voxeu/feasibility-carbon-pricing-uk
Carbon tax recycling and popular support in Germany, VoxEU, 2 November, voxeu/Germany
The reality of climate financial risk, Project Syndicate, 13 September. With Karl Schmedders. project-syndicate2021-09
Climate policy: challenges and obstacles, chapter 18 in S. Cnossen and B. Jacobs, Tax by Design for the Netherlands, Oxford University Press, Oxford, United Kingdom.
Global carbon taxation: intuition from a back-on-the-envelope calculation & How to deal with climate deniers: price carbon!, reprinted in Combatting Climate Change: A CEPR Collection, edited by Beatrice Weder di Mauro. With Armon Rezai. https://voxeu.org/content/combatting-climate-change-cepr-collection https://cepr.org/content/new-cepr-ebook-combatting-climate-change-cepr-collection
2020
The risk of policy tipping and stranded carbon assets, Journal of Environmental Economics and Management, 100, C, 102258. With Armon Rezai. oxcarrerp2018206 science/article/S0095069618302481
Race to burn the last ton of carbon and the risk of stranded assets, European Journal of Political Economy, 64, 101915. oxcarrerp2017201 cesifo-2017-12/12012017006793 science/ /63X
Stranded assets in the transition to a carbon-free economy, Annual Review of Resource Economics, 12, 281-298. With Armon Rezai. economics.ox/working_papers/5241 cesifostranded https://www.annualreviews.org/doi/abs/10.1146/annurev-resource-110519-040938
See interview: https://arstechnica.com/science/2022/05/why-our-continued-use-of-fossil-fuels-is-creating-a-financial-time-bomb/
Discounting and climate policy, Oxford Research Encyclopedia of Economics and Finance, Oxford University Press, cesifo/2020/discount ox/5345/ oxfordre
Economic growth and the social cost of carbon: additive versus multiplicative damages, in G. Chichilnisky and A. Rezai (eds.), Chapter 9, pp. 199-223, Handbook on the Economics of Climate Change, Edward Elgar. With Armon Rezai and Cees Withagen.
Commit to a credible path of rising CO2 prices, Discussion Paper 14795, CEPR, London (2020). With Stan Olijslagers and Sweder van Wijnbergen. cepr=14795
CO2-vermeidung und Diversifikation: Wie beeinflussen finanzwirtschaftlichen Motive CO2 Emissionen?, Okonomenstimme, 5 October. 2020/10/co2-vermeidung-und-diversifikation
2019
Non-cooperative and cooperative climate policies with anticipated breakthrough technology, Journal of Environmental Economics and Management, 97, 42-66. With Niko Jaakkola. oxcarrerp2017190 S0095069616303278 cesifo-2018-04/12012018006977
Redistribution and pollution taxes with non-linear Engel curves, Journal of Environmental Economics and Management, 95, 198-226. With Bas Jacobs. CESifoWP=19343444 science/ S0095069617308549
The shifting natural wealth of nations: the role of market orientation, Journal of Development Economics, 138, 228-245. oxcarrerp2016180 Also, World Bank Policy Research Working Paper 85202018. worldbank/WPS8520 sciencedirect/07338 elsevier With Rabah Arezki and Fred Toscanini.
Macro policy responses to natural resource windfalls and the crash in commodity prices, Journal of International Money and Finance, Keynote Lecture, BIS CCA Conference 2016, Mexico City, 96, 263-282. oxcarrerp2016178 bis.org/616.htm cepr/11520 science/S0261560617301250
The agnostic’s response to climate sceptics: price carbon!, European Economic Review, 111, 70-84. With Armon Rezai. oxcarrerp2017202 science/S0014292118301636
Pricing carbon and adjusting capital to fend off catastrophes, Environmental and Resource Economics, 72, 1, 29-50. With Aart J. de Zeeuw. oxcarrerp2018207 springer/10.1007/
Simple rules for climate policy and integrated assessment, Environmental and Resource Economics, 72, 1, 77-108. With Armon Rezai. oxcarrerp2018213 cesifo7207 springer20190124
Klimaatbeleid: uitdagingen en belemmeringen, 228-237 in S. Cnossen and B. Jacobs, Ontwerp voor een Beter Belastingstelsel, ESB. beter-belastingstelsel esb.nu/20056607/belastingstelsel
2018
Steering the climate system: an extended comment, Working Paper 7414, CESifo, Munich, INET Oxford Working Paper 2018-17, and Grantham Institute, LSE, Working Paper No. 315. With Linus Mattauch and others. cesifo1_wp7414.pdf inet.ox/Physics_matters GranthamInstitute/
Climate tipping and economic growth: precautionary capital and the social cost of carbon, Journal of the European Economic Association, 16, 5, 1577-1617. With Aart J. de Zeeuw. oxcarrerp2013118a eeassoc/20170823144101 oup/jeea/16/5/1577/ ]
Political economy of dynamic resource wars, Journal of Environmental Economics and Management, 92, 765-782. oxcarrerp201297 sciencedirect./S00950
Risk and the Point of No Return for Climate Action, Earth System Dynamics, 9, 1085-1095. With Matthias Aengenheyster, Qing Yi Feng and Henk A. Dijkstra. [ https://www.earth-syst-dynam.net/9/1085/2018/]
The safe carbon budget, Climatic Change, 147, 47-59. oxcarrerp2017195a springer/10.1007/
Breakthrough renewables and the Green Paradox, FinanzArchiv, Festschrift in honour of H.-W. Sinn), 74, 1, 52-70. oxcarrerp201291 ingentaconnect /mohr/fa/2018/
The simple arithmetic of carbon pricing and stranded assets, Energy Efficiency, 11, 3, 627-639. With Armon Rezai. oxcarrerp2017197 springer/10.1007/s12053-017-9592
Obstacles to climate policy, Environmental Scientist, August, 9-13. Policy_Papers/OxCarrePP201837 https://www.the-ies.org/unintended_consequences_18.pdf
Extractive revenues and government spending: Short- versus long-run considerations, WIDER Working Paper 2017-45, UNU-WIDER, Helsinki (2017). Chapter 9 in T. Addison and A. Roe (eds.), Extractive Industries and Development – The Management of Resources as a Driver of Sustainable Development, Oxford University Press, Oxford, U.K. With Anthony J. Venables. https://www.wider.unu.edu/publication/extractive-industries
Transitional risks and the safe carbon budget, Chapter 2, 44-56 in R. Arezki, P. Bolton, K. El Aynaoui and M. Obstfeld, Coping with the Climate Crisis: Mitigation Policies and Global Coordination Policies, International Monetary Fund, Washington, D.C and Columbia University Press, New York.
Klimaatbeleid dreigt te verzanden in de polder, 157-164 in R. Gerlagh, J.A. Smulders, D. van Soest (eds.), Preadviezen KVS.
Is there really a Green Paradox?, in R. Halvorsen (ed.), The Economics of Nonrenewable Resources, The International Library of Critical Writings in Economics, Edward Elgar, Aldershot. With Cees Withagen.
Managing oil and gas revenue before and after the crash & Three funds for managing natural resource wealth, in R. Arezki, R. Boucekkine, M. Laksaci and F. van der Ploeg (eds.), Rethinking the Macroeconomics of Resource-Rich Countries, VoxEU book, CEPR, London.
Rethinking the Macroeconomics of Resource-Rich Countries (eds.), VoxEU, CEPR Press London. With R. Arezki, R. Boucekkine and M. Laksaci. voxeu.org/content/. Also voxeu.org/rethinking.
How to deal with climate change deniers: Price carbon!, VoxEU, 5 January 2018. voxeu.carbon
2017
Climate policies under climate model uncertainty: max-min and min-max regret, Energy Economics, 68, S1, 4-16. With Armon Rezai. oxcarrerp2017187 science/S0140988317303596
Book review of BLOOD OIL – TYRANTS, VIOLENCE and the RULES That RUN the WORLD by Leif Wenar, Oxford University Press, 2016, ISBN 978-0-19-026292-1 (hardback), Economics and Philosophy, 33, 2, 320-325. Policy_Papers/OxCarrePP201736 ora.ox.ac.uk/876552c4
Second-best renewable subsidies to de-carbonize the economy: commitment and the Green Paradox, Environmental and Resource Economics, 66, 3, 409-434. With Armon Rezai. oxcarrerp2016168 OnlineFirst 10.1007/
Consequences of lower oil prices and stranded assets for Russia’s sustainable fiscal stance, Energy Policy, 105(C), 27-40. With Aleksandra Malova. OxCarrePP201633 sciencedirect/pii/S0301421517300964
Cumulative emissions, unburnable fossil fuel, and the optimal carbon tax, Technological Forecasting & Social Change, 116, 216-222. With Armon Rezai. sciencedirect Policy_Papers/OxCarrePP201736
Abandoning fossil fuel in an imperfect world: how fast and how much?, The Manchester School, S2, e16-e44, Keynote 2016 CGBCR Conference. With Armon Rezai. oxcarrerp2013123 wiley/manc.12189
Frontiers of the economics of climate change, Environmental and Resource Economics, 68, 1, 1-14. With Gerard van der Meijden and Cees Withagen. [springer/10.1007/s10640-017-0171-2 ]
Challenges in climate change economics, European Economic Review, 99, 1-4. With Cees Withagen. sciencedirect/S0014292117301034
Sustainable management of natural resource wealth, Chapter 19, pp. 431-446 in C. Hepburn and K. Hamilton (eds.), National Wealth: What is Missing, Why it Matters?, Oxford University Press, Oxford, U.K.
Harnessing hydrocarbon revenues: a Russian perspective, Vestnik SPbSU, St. Petersburg University Journal of Economic Studies, T33, 3, 4, 348-364. With Aleksandra Malova and Andrey Saltan. [vestnik.spbu.ru/html17/s05/s05v3/01]
Political economy of the West: populism versus policy wonks, Keynote Lecture, Vestnik SPbSU, St. Petersburg University Journal of Economic Studies, 33, 1, 4-16. [ POLITICAL ECONOMY OF THE WEST populists versus policy wonks SPbSU] [vestnik.spbu.ru/s05/s05v1/01.pdf]
Natural resources make rich, pp. 153-154 in B. Frey and D. Iselin (eds.), Economic Ideas You Should Forget, Springer International Publishing. [springer/book/9783319474571]
The impact of natural resources – survey of recent quantitative evidence, in E. Papyrakis (ed.), Why Does Development Fail in Resource Rich Countries: The Catch 22 of Mineral Wealth, Routledge, London. With Steven Poelhekke. Policy_Papers/OxCarrePP201524
The United Nations’ Sustainable Development Goals and the Road to Sustainability. With Partha Dasgupta, Sjak Smulders, Daan van Soest, Herman Vollebergh and Tasos Xepapadeus
2016
Intergenerational inequality aversion, growth and the role of damages: Occam’s rule for the global carbon tax, Journal of the Association of Environmental and Resource Economists, 3, 2, 493-522. With Armon Rezai. oxcarrerp2015150 uchicago.edu/doi/full/10.1086/686294 Supplementary Material: uchicago.edu/doi/suppl/10.1086/686294
Second-best carbon taxation in the global economy: the Green Paradox and carbon leakage revisited, Journal of Environmental Economics and Management, 78, 85-105. oxcarrerp2015157 sciencedirect.27
The Elephant in the ground: managing oil and sovereign wealth, European Economic Review, 82, 113-131. With Ton S. van den Bremer and Samuel Wills. oxcarrerp2013129 and cepr.discussion_papersno=10188. science/article/pii/S0014292115001543
Non-cooperative and cooperative responses to climate catastrophes in the global economy: A North-South perspective, Environmental and Resource Economics, 65, 3, 519-540. With Aart J. de Zeeuw. oxcarrerp2014149 springer springer/10640
Climate change economics: reacting to multiple tipping points, Nature Climate Change, 6, 442-443. OxCarrePP201629 nature/nclimate/journal/ncurrent/full/nclimate2962
Saving Alberta’s resource revenues: role of intergenerational and liquidity funds, Energy Policy, 99, 132-146. With Ton S. van den Bremer. [ oxcarrerp2016179 ] [sciencedirect]
Fossil fuel producers under threat, Oxford Review of Economic Policy, 32, 2, 206-222. OxCarrePP201628a oxrep
A move South, Finance & Development, 53, 1, 36-39. With Rabah Arezki and Frederik Toscani. www.imf.org/external/pubs/ft/fandd/2016/03/pdf/arezki.pdf OxCarrePP201630
The impact of natural resources – survey of recent quantitative evidence, Journal of Development Studies, 53, 2, 205-216. With Steven Poelhekke. OxCarrePP201524 tandfonline/2016
Managing the crash in commodity prices, VoxEU, 24 December. [voxeu/managing-crash-commodity-prices]
The shifting natural wealth of nations, VoxEU, 15 December. With Rabah Arezki and Fred Toscanini. [voxeu/shifting-natural-wealth] [ ftalphaville.ft.com/2016/12/16/2181416 ] [https://www.weforum.org/agenda/2016/12/global-natural-wealth-is-shifting-heres-why]
Die Potenzielle Kontraprodutivität von Second-Best-Massnahmen in der Klimapolitik (Potential counter-productivity of second-best climate policies), CESifo Forum, May, 30-31.[CESifo HWS]
Energy policy post 1973, Chapter 37, 255-260 in C. Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics Revisited, Routledge, London and New York. With J. Feddersen, Florian Habermacher and Jan Imhof.
2015
Battle for climate and scarcity rents: beyond the linear-quadratic case, Dynamic Games and Applications, 15, 4, 493-522. With Mark Kagan and Cees Withagen. oxcarrerp2015155 13235-015-0154-2?
Global warming and the Green Paradox: a review of adverse effects of climate policy, Review of Environmental Economics and Policy, 9, 2, 285-303. With Cees Withagen. oxcarrerp2013116 reep/early/2015
Green Havens and Pollution Havens, The World Economy, 38, 7, 1159-1178. With Steven Poelhekke. wiley oxcarrerp201287 onlinelibrary.wiley.10.1111
International capital markets, oil producers and the Green Paradox, European Economic Review, 76, 275-297. With Gerard van der Meijden and Cees Withagen. oxcarrerp2014130 science/S0014292115000409
Robustness of a simple rule for the social cost of carbon, Economics Letters, 132, 48-55. With Armon Rezai. OxCarrePP201526 science /S0165176515001573
Energy modeling post 1973, Journal of Natural Resources Policy, 7, 2-3, 161-166. With John Feddersen, Florian Habermacher and Jan Imhof. [ 10.1080/19390459.2015.1039238 ]
Untapped fossil fuel and the Green Paradox: a classroom calibration of the optimal carbon tax, Environmental Economics and Policy Studies, 17, 2, 185-210. oxcarrerp2013119 springer
Stranded assets, the social cost of carbon, and directed technical change: macro dynamics of optimal climate policy, CESifo Working Paper No. 5787 (2015). With Armon Rezai. CESifoWPwp_id=19195460 Updated version: oxcarrerp2016176
How do we set a price on carbon?, World Economic Forum. With Armon Rezai. weforum.org/agenda/2015/01/how-do-we-set-a-price-on-carbon
Global carbon taxation: Intuition from a back-on-the-envelope calculation, VoxEU, 15 January, and also at IIASA. With Armon Rezai. voxeu/global-carbon-taxation blog.iiasa.ac.at/2015/01/19/global-carbon-taxation-a-back-of-the-envelope OxCarrePP201523
Openbare financiën, chapter 1, pp. 13-29 in Canon van de Economie, S. Phlippen and G. Werner (eds.), ESB B.V., Rotterdam, The Netherlands, With Bas Jacobs and Ruud de Mooij.
De toekomst is aan de robots, 60-63 in Bas ter Weel (ed.), De Match tussen Mens en Machine, Preadviezen van de Koninklijke Vereniging voor de Staathuishoudkunde, Joh. Enschede, Amsterdam. With Willem Vermeend.
The Economics of Resource Rich Economies (eds.), Edward Elgar, Cheltenham, U.K., xvii+820 pp. With A.J. Venables.
2014
Growth, renewables and the optimal carbon tax, International Economic Review, 55, 1, 283-311. With Cees Withagen. oxcarrerp201055 wiley.iere.12049
Abrupt positive feedback and the social cost of carbon, European Economic Review, 67, 28-41. oxcarrerp2013122 sciencedirect/S0014292114000063
Guidelines for exploiting natural resource wealth, Oxford Review of Economic Policy, 30, 1, 145-169. oxcarrerp2013128 Wealth_OXREP
Understanding international commodity price movements, Journal of International Money and Finance, 42, April, 1-8 With R. Arezki, P. Loungani and A.J. Venables. OxCarrePP201319 sciencedirect/S0261560613001046
Digging deep for the Heritage Fund: Why the right fund for Alberta pays dividends long after oil is gone, SPP Research Papers, Volume 7, Issue 31, October, The School of Public Policy, University of Calgary. With Ton S. van den Bremer. policyschool.ucalgary.ca/]See also newswire.ca/en/story/1435299/alberta-heritage-savings-trust-fund-could-reach-200-billion-in-just-16-years-report and https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3078881 and OxCarrePP201522
Norway is right to reassess its sovereign wealth fund, VoxEU, 10 October [voxeu.norway-sovereignwealthfund] With Ton S. van den Bremer and Samuel Wills.
Dealing with the treat of climate catastrophe, VoxEU, 31 July 2014. OxCarrePP201521 voxeu.org-catastrophe With Aart J. de Zeeuw.
Climate Policy and Non-Renewable Resources – The Green Paradox and Beyond (eds.), MIT Press, Cambridge, Mass., 328 pp. With K. Pittel and C. Withagen. mitpress.mit.edu/climate-policy-and-nonrenewable-resources
Why do so many oil exporters peg their currency? Foreign reserves as a de-facto sovereign wealth fund, presented at the conference Macroeconomic Challenges facing Low-Income Countries- New Perspectives, IMF and UK Aid, Washington, D.C. (2014). With Sam Wills. [www.imf.org/external/np/seminars/eng/2014/lic/pdf/Ploeg1.pdf ]
2013
Do natural resources attract non-resource FDI?, The Review of Economics and Statistics, 95 (3), 1047-1065. With Steven Poelhekke. oxcarrerp201051 mitpress.REST thedata.restat
Absorbing a windfall of foreign exchange: Dutch disease dynamics, Journal of Development Economics, 103, 229-243. With Anthony J. Venables. oxcarrerp201052 sciencedirect
Managing and harnessing volatile oil windfalls, IMF Economic Review, 61, 1, 131-167. With Ton S. van den Bremer. oxcarrerp201285 imfer20134]
Official forecasts and management of oil windfalls, International Tax and Public Finance, 20, 5, 827-866. With Torfinn Harding. oxcarrerp200927 springer.com
Cumulative carbon emissions and the Green Paradox, Annual Review of Resource Economics, 5, 281-300. oxcarrerp2013110 annurev-resource-091912-151930
Green Growth, Green Paradox and the global economic crisis, Environmental Innovation and Societal Transitions, 6, 116-119. With Cees Withagen. OxCarrePP201216
On the relevance of Green Paradoxes, Research in Management Economics and Finance, October. With Cees Withagen. OxCarrePP201318 rimefi www.rimefi
Kenya’s resource challenge, Project Syndicate, 2 December 2013, With Samuel Wills. https://www2.project-syndicate.org/commentary/rick-van-der-ploeg-and-samuel-willsexplain-why-kenya-s-newly-discovered-oil-reserves-should-slow-east-africa-s-pursuit-of-monetary-union-2013-12
2012
Managing and harnessing volatile oil windfalls: Three funds, three countries and three stories, VoxEU, 14 December 2012 [voxeu]. With Ton S. van den Bremer.
War and natural resource exploitation, European Economic Review, 56, 8, 1714-1729. With Dominic Rohner. oxcarrerp201042 sciencedirect
Too much coal, too little oil, Journal of Public Economics, 96, 1-2, 62-77. With Cees Withagen. oxcarrerp201156 sciencedirect
Is there really a Green Paradox?, Journal of Environmental Economics and Management, 64, 3, 342-363. With Cees Withagen. oxcarrerp201035 sciencedirect
Natural resource wealth: the challenge of managing a windfall, Annual Reviews in Economics, 4, 315-337. With Anthony J. Venables. oxcarrerp201175 annurev-080511 ann080511-111003
Bottlenecks in ramping up public investment, Keynote Lecture, 2011 IIPF Congress, Ann Arbor, International Tax and Public Finance, 19, 4, 509-538. oxcarrerp201166 rd.springer
How to design a carbon tax, 27-48 in R. de Mooij, I.W.H. Parry and M. Keen (eds.), Fiscal Policy to Mitigate Climate Change – A Guide for Policymakers, IMF, Washington, D.C. With Ian W.H. Parry and Roberton Williams. OxCarrePP201214 imf/ books/2012/climate]
Oil windfalls and investing to invest in Central Africa, 89-109 in B. Aikitoby and S. Coorey (eds.), Oil in Central Africa – Policies for Inclusive Growth, IMF, Washington, D.C. Policy_Papers/OxCarrePP201215
Oil and Fiscal Policy in Iraq, report for the World Bank, Washington, D.C. With Anthony J. Venables and S. Wills. Policy_Papers/OxCarrePP201213
Europe at a cross roads: Reforming political institutions and public sectors, Chapter 6, pp. 119-153 in T. Buettner and W. Ochel (eds.), The Continuing Evolution of Europe, The MIT Press, Cambridge, Ma. With Massimo Bordignon and Thiess Buettner. [How to Construct Europe]
Making the grade: how do European higher-education systems score internationally?, CESifo Forum, 3, 21-28. [cesifo-group/1217878]
Resource wars and confiscation risk, Research Paper 97, OxCarre, Oxford (2012). [OxCarreRP201297]
Economic growth and the social cost of carbon: additive versus multiplicative damages, Research Paper 93, OxCarre, Oxford (2012). With Armon Rezai and Cees Withagen. oxcarrerp201293
2011
Natural resources: curse or blessing?, Journal of Economic Literature, 49, 2, 366-420. oxcarrerp200805 aeaweb resource curse
Harnessing windfall revenues: optimal policies for resource-rich developing economies, Economic Journal, 121, 551, 1-30. With Anthony J. Venables. oxcarrerp200809 voxwindfallrev WINDFAL Economic Journal-wiley
Harnessing oil revenues in Ghana, Policy Paper 12, OxCarre. With Radek Stefanski and Samuel Wills. Policy_Papers/OxCarrePP201112
Do natural resources depress income per capita?, Review of Development Economics, 15, 3, 504-521. With Rabah Arezki. oxcarrerp200801a wiley
Macroeconomics of sustainability transitions: second-best climate policy, Green Paradox, and renewable subsidies, Environmental Innovations and Transitions, 1, 1, 131-134. OxCarre_Policy_Papers/OxCarrePP201107 science/S2210422411000037
Fiscal policy and Dutch disease, International Economics and Economic Policy, 8, 121-131. [oxcarrepp201108] springerlink
Rapacious resource depletion, excessive investment and insecure property rights: a puzzle, Environmental and Resource Economics, 48, 1, 105-128. oxcarrerp200916a springerlink Fractionalized
Management of resource revenues: economic principles and Caspian experiences, in G. Mavrotas (ed.), Natural Resources and Development, Elgar, Aldershot, to appear. With Karly Kuralbayeva and Anthony J. Venables. Policy_Papers/OxCarrePP201006
2010
Voracious tranformation of a common natural resource into productive capital, International Economic Review, 51, 2, 365-381. oxcarrerp200802 wiley voracity
Aggressive oil extraction and precautionary saving: Coping with volatility, Journal of Public Economics, 94, 5-6, 421-433. (2010). oxcarrerp200921b sciencedirect PREC BUFFERS
The pungent smell of “red herrings”: subsoil assets, rents, volatility, and the resource curse, Journal of Environmental Economics and Management, 60, 1, 44-55 (2010). With Steven Poelhekke. oxcarrerp201033 sciencedirect BB Red Herrings
Why do many resource-rich countries have negative genuine saving rates? Anticipation of better times or rapacious rent seeking, Resource and Energy Economics, 32, 28-44 (2010). oxcarrerp200810 sciencedirect Hartwick political
Managing resource revenues in developing economies, OxCarre Research Paper 2009-14, IMF Staff Papers, 57, 1, 84-118. With Paul Collier, Michael Spence and Anthony J. Venables. oxcarrerp200915 palgrave resrev
Political economy of prudent budgetary policy, International Tax and Public Finance, 17, 3, 295-314. [springerlink] [PRUDENT]
Africa and the natural resource curse, in I. Vieira, C. Vieira, A. Caleiro and C. Richter (eds.), Globalisation, New Challenges: Macroeconomic, International Trade and Finance Issues, Lambert Academic Publishing.
Growth and volatility in developing economies, 29-51 in B. Berendsen (ed.), Economic growth and the Common Good – From Crisis to Sustainable Development, KIT publishers, Amsterdam.
Trade policies, institutions and the natural resource curse, Applied Economics Letters, 17, 1443-1451. With Rabah Arezki. [Applied]
Management of resource revenues in the CAREC region: the many faces of the natural resource curse, prepared for the Asian Development Bank (2010). With K. Kuralbayeva and A.J. Venables. ADB Revenues5Feb 2010
Precautionary climate change policies and optimal redistribution, Research Paper 49, OXCARRE, University of Oxford (2010). With B. Jacobs. oxcarrerp201049
Partisan public investment and debt biases – Liquidity of government assets and the case for fiscal restrictions. PolEcPuInvSmpl With R.M.W.J. Beetsma. Appendix with mathematical derivations: PuInv PuInvApp
2009
Volatility and the natural resource curse, Oxford Economic Papers, 61, 4, 727-760. With Steven Poelhekke. oxcarrerp200803 oep Volatility
Foreign direct investment and urban concentrations: Unbundling spatial lags, Journal of Regional Science, 49, 4, 749-775. With Steven Poelhekke. [wiley.] [IHS Rev] [IHS EUR
Prudent monetary policy and cautious predictions of the output gap, Journal of Macroeconomics, 31, 2, 217-230. [sciencedirect] [PrudMon]
Global crisis and developing countries: Financial, environmental, resource and food perspectives (David Pearce Lecture at the 17th Annual EAERE Conference), International Review of Environmental and Resource Economics, 3, 2, 119-160. oxcarrepp200905 David Pearce Lecture 2009 https://doi.org/10.1561/101.00000023
Reinventing Europe, CESifo Economic Studies, 55, 1, 1-14. With Massimo Bordignon and Thiess Buettner. [cesifo] [Europe]
Symposium on resource rich economies – Introduction, Oxford Economic Papers, 61, 4, 625-627. With Anthony J. Venables. [oep]
The volatility curse: revisiting the paradox of plenty Research Paper 24, OxCarre, University of Oxford. See also Financial development and the volatility curse. With S. Poelhekke. oxcarrerp200924
Political economy of reinventing Europe, Schuman Lecture, University of Maastricht and Municipality of Maastricht, 7 May 2009. [Schuman Lecture 2009]
2008
Harnessing windfall revenues in developing economies, VoxEU, 2 October. With Anthony J. Venables. OxCarrepp200804 voxeu/harnessing-windfall-revenues-developing-economies
Towards evidence-based reform of European universities, VoxEU, 27 September. With Reinhilde Veugelers. [voxeu.org/article/towards-evidence-based-reform-european-universities]
Globalization and the rise of mega-cities in the developing world, Cambridge Journal of Regions, Economy and Society, 1,1-25. With Steven Poelhekke. [cjres] [Flat World]
Africa and natural resources: managing natural resources for sustainable growth, Background Paper for the African Development Bank Annual Report. PPafrica Policy_Papers/oxcarrepp200801
Reforming European Universities: Scope for an evidence-based process, 28 pp. in M. Dewatripont and F. Thys-Clement (eds.), Governance of European Universities, Editions de l’Universite de Bruxelles, Brussels. With Reinhilde Veugelers. [Reform]
Towards evidence-based reform of European universities, CESifo Economic Studies, 52, 3, 2-22. With Reinhilde Veugelers. [cesifo] [Higher]
Structural Reforms, Public Investment and the Fiscal Stance: A Prudent Approach, Rapport till Finanspolitiska radet, 2008/3, 1-36, March 2008, Swedish Fiscal Policy Council, Stockholm. [SWPC]
Taxes and the Economy, Edward Elgar, Camberley, Surrey, vii+504 pp. With J.W. Timmer and W.F. Vermeend.elgar.co.uk
2007
International aspects of pollution control, 17-29 in C. Mason and E. Bulte (eds.), Environmental Economics (Critical Concepts in the Environment), Routledge, Abingdon. With A.J. de Zeeuw.
Report for the African Development Bank, Tunis, Africa and Natural Resources: Managing Natural Resources for Sustainable Growth, August 2007. [Africa NR] [oxcarre/PPafrica]
Sustainable social spending in a greying economy with stagnant public services: Baumol’s cost disease revisited, FinanzArchiv, 63, 4, 519-547. [ingentaconnect] [Public sector Baumol]
Higher education reform and the renewed Lisbon strategy: roles of member states and the European Commission, Chapter 5, 65-96, G. Gelauff, I. Grilo and A. Lejour (eds.), Subsidiarity and Economic Reform in Europe, Kluwer. CESifo WP 1901 (2007). With R. Veugelers. [HEEconomics]
Books, in S. Durlauf and L. Blume (eds.), The New Palgrave Dictionary of Economics, second edition, MacMillan, London. [Books NP]
New Keynesian economics, in W.A. Darity et. al. (eds.), International Encyclopedia of Social Sciences, 2nd edition, MacMillan, Farmington Hills, MI. [Intl Encycl Soc Sc 2nd]
2006
Do social policies harm employment? Second-best effects of taxes and benefits on labor markets, Chapter 3, 97-144 in J. Agell and P.B. Sørensen (eds.), Tax Policy and Labor Market Performance, CESifo and MIT Press, Cambridge, Mass. [social policies]
The economics of books, 721-761, Chapter 21 in V. Ginsburgh and D. Throsby (eds.), Handbook of the Economics of Art and Culture, North-Holland, Amsterdam. With M. Canoy and J. van Ours. [sciencedirect] [ Books]
The making of cultural policy: A European perspective, 1183-1221, Chapter 34 in V. Ginsburgh and D. Throsby (eds.), Handbook of the Economics of Art and Culture, North-Holland, Amsterdam. [sciencedirect] [Making]
The welfare state, redistribution and the economy: reciprocal altruism, consumer rivalry and second best, Chapter 8, 192-222 in F. Farina and E. Savaglio (eds.), Inequality and Economic Integration, Routledge, London. [Rivalry]
Guide to reform of higher education: A European perspective. Economic Policy, 47, 535-592, July 2006, London. With B. Jacobs. [onlinelibrary.wiley] [Guide]
Getting European universities into shape, European Political Science, 52, 5, 288-303. With B. Jacobs. [palgrave] [EPS2006]. See also Free the universities from their shackles, Centerpoint, 2005. Ctp2005 Also Web Forum Transformation of Public Universities of Social Science Research Council, New York. [pubunivs].
Conditional benefits reduce equilibrium unemployment, Journal of Public Economic Theory, 8, 4, 603-610. [onlinelibrary.wiley] [conditional benefits]
L’Europe doit, a son tour, adopter un politique d’affirmative action (Affirmative action for Europe), Le Monde, 7/2. Syndicated via Project Syndicate. With H. Mees. [Affirmative action]
Rolling back the public sector: differential effects on employment, investment and growth, Oxford Economic Papers,58, 1, 103-122, [oep.oxfordjournals] [OEPF] [oep.oxjls]
2005
Macroeconomics of fiscal policy and government debt, 187-208 in P. de Gijsel and H. Schenk (eds.), Multidisciplinary Economics: The Birth of a New Economics Faculty in the Netherlands, Springer, Dordrecht. [Utrecht OECD]
Back to Keynes?, November 2004, CESifo Economic Studies, 51, 4, 777-822. [BacktoKeynes]
Culture and the creative economy, in F. van Woerden and T. de Neef (eds.), All That Dutch – International Cultural Politics, NAi Publishers, Rotterdam, 2005. [SICA]
Structural change, stagnation and uneven growth in the light of Baumol’s cost disease, presented at the 2005 Public Economic Theory Conference, Marseille, 16-18 June (2005).
2004
Comment – Convention on cultural diversity: A Trojan horse?, Journal of Cultural Economics, 28, 4, 257-261. [springerlink] [convention]
Euro: d’abord la méfiance, ensuite l’amour (Liebe auf den zweiten Blick – der Euro; The Euro: the long road to popularity), De Gids, 86-91, May/June. [De Gids]
Beyond the dogma of the fixed book price agreement, Journal of Cultural Economics, 28, 1, 1-20. [springerlink] [FBP]
Role of employers in transforming disability into ability: Learning from Dutch Mistakes, 341-348 in B. Marin, C. Prinz and M. Queisser (eds.), Transforming Disability into Ability, Ashgate, Aldershot. [Wao OECD]
2002
In art we trust?, De Economist, 150, 4, 333-362.[springerlink] [in art]
Environmental policy, public finance and the labour market in a second-best world, 112-153 and Tax reform, structural unemployment and the environment, 379-396 reprinted in L.H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, New Horizons in Environmental Economics, Edward Elgar, Cheltenham, U.K. With A.L. Bovenberg.
Copyright and the cultural industries: the policymaker’s view, in R. Towse (ed.), Copyright in the Cultural Industries, Edward Elgar, 2002. Pros and cons of basic income. With A.L. Bovenberg. [Basic income Vienna]
OLDER PAPERS IN ENVIRONMENTAL AND RESOURCE ECONOMICS:
1999
Environmental policy, tax incidence, and the cost of public funds. Environmental and Resource Economics, 13, 2, 187-207. With J.E. Ligthart. [springerlink]
1998
Tax reform, structural unemployment and the environment, The Scandinavian Journal of Economics, 100, 3, 593-610. With A.L. Bovenberg.
Consequences of environmental tax reform for involuntary unemployment and welfare, Environmental and Resource Economics, 12, 137-150. With A.L. Bovenberg. [springerlink]
1996
Optimal taxation, public goods and environmental policy with involuntary unemployment, Journal of Public Economics, 62, 59-83. [sciencedirect]
1995
Fiscal and environmental policy under monopolistic competition, De Economist, 143, 2, 217‑248. With B. Heijdra.
1994
Environmental policy, public finance and the labour market in a second-best world, Journal of Public Economics, 55, 349-390. With A.L. Bovenberg. [sciencedirect]
Pollution, the cost of public funds and endogenous growth, Economics Letters, 46, 351-361. With J.E. Ligthart. [sciencedirect]
Green policies and public finance in a small open economy, The Scandinavian Journal of Economics, 96, 3, 343-363. With A.L. Bovenberg.
Environmental policy, public goods and the marginal cost of public funds, The Economic Journal, 104, 423, 444-454. With A.L. Bovenberg. [jstor]
1993
Direct crowding out, optimal taxation and pollution abatement, Economics Letters, 43, 83-93. With A.L. Bovenberg. [sciencedirect]
1992
International aspects of pollution control, Environmental and Resource Economics, 2, 117-139. With A.J. de Zeeuw.
1991
The game of international pollution control, Systems and Control Letters, 17, 409-414. With A.J. de Zeeuw.
Pollution control and the Ramsey problem, Environmental and Resource Economics, 1, 215‑236. With C. Withagen. [springerlink]
1987
Inefficiency of credible strategies in oligopolistic resource markets with uncertainty, Journal of Economic Dynamics and Control, 11, 1, 123‑145. [sciencedirect]
1986
Inefficiency of credible strategies in renewable resource markets with iso‑elastic demand, zero extraction costs and stochastic renewal, Journal of Economic Dynamics and Control, 10, 1/2, 309‑314. [sciencedirect]