Charlotte Rommerskirchen
@crommers.bsky.social
Senior Lecturer in International Political Economy @ University of Edinburgh | still writing a book about public debt management
Omg it’s out! Will Bateman ‘s 2026 must-read financial history page turner on the taboo of monetary financing, showing that “the Fed’s support for public investment has been the rule, rather than the exception, over its lifespan” Why do you need to read this asap?
New article just dropped in APSR! Leah Downey and yours truly on why people should stop using “democratize” when all they really mean is increasing market access. (Looking at you, economists! 👀) And, more positively, what a better vision of “democratization” looks like when applied to finance.
Cambridge University Press Political Science & IR@cambup-polsci.cambridge.org · last mo.#OpenAccess from @apsrjournal.bsky.social - What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance - https://cup.org/4hT2SwM - LEAH DOWNEY & @stefeich.bsky.social #FirstView
"Corporate rule has always coexisted with state rule, and companies don’t necessarily pursue it to advance their business interests. That means restoring the state won’t, by itself, fix the problem." On the long history of corporate power and what to do about it today: cupblog.org/2026/09/18/m...
Maha Rafi Atal on When Companies Rule - Columbia University Press Blog
Maha Rafi Atal discusses the history of corporate rule, the limits of state regulation, and what it takes to hold global companies accountable.
cupblog.org
Couldnt be more timely! In @jeppjournal.bsky.social (open access), a detailed post mortem of the 2022 inflation shock, and suggestions how to do better this time.
Isabella M. Weber@isabellamweber.bsky.social · 2mo agoJust in time for the latest oil price spike, we published our article urging the ECB not to hike rates to fight a supply shock. Europe needs a new inflation governance for shockflation. We need disaster preparedness for essentials instead of increasing investment costs.
Montagu Norman: ‘If ever you should feel downhearted just you remember that, economically speaking, there is only hope through a community of interest and co-operation between all central banks.’ Nagel: ....
Katie Martin@katie0martin.ft.com · 2mo agooooh, they are clearly still salty about this one
Put simply: the central banks are not in charge. Waltraud Schelkle once compared it to Asterix and the Romans: anarchy, aided by the occasional dose of magic (financial innovation), withstands the imposition of order. 8/n
The best new Substack you're (probably) not reading yet. @cornelban.bsky.social covers everything from ruling the winds and green central banking to kinky investments, China as the revisionist terminator, and what it takes to scale technology on geoeconomic.substack.com
Geoeconomic | Substack
Cornel Ban, associate prof at Copenhagen Business School and fellow at Boston University's China Initiative at the Global Development Program. Click to read Geoeconomic, a Substack publication with hu...
geoeconomic.substack.com
Public Investment Quality and Sovering Risk (with Amat Adarov) is now out in JIMF @gvagrad.bsky.social
Staff is currently striking here at the University of Edinburgh. Senior management is planning widespread compulsory redundancies (without a real need for the same). You can read more here @ucuedinburgh.bsky.social www.ucuedinburgh.org.uk/blog/rd72kte...
A message to our students about the upcoming strike, 17-19 November 2025 — UCU Edinburgh
Dear students, UCU Edinburgh will again be going on strike Monday 17th, Tuesday 18th and Wednesday 19th November as a result of University management’s refusal to commit to no compulsory redundancie...
ucuedinburgh.org.uk
IMF: "only about half of fiscal consolidations achieve their fiscal targets, including debt reduction. A broad range of econometric methods, based on well-established methods in the empirical literature, confirm that fiscal consolidations do not reduce debt ratios, on average."
Congratulations! and look, @fabianpape.bsky.social fresh figures for you nice dollar hegemony lecture.
Jan Fichtner@janfichtner.bsky.social · last yr.🚨New publication with Kristijan Kotarski: Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality hrcak.srce.hr/clanak/487488
Bang: "A truly healthy economy will come from a government taking responsibility for delivering meaningful change, not evoking the bond markets to avoid it."
John Hogan Morris@johnhoganmorris.bsky.social · last yr.www.theguardian.com/commentisfre...
www.theguardian.com/commentisfre...
The UK bond markets have become a political trap that strangles public spending. But there’s a way out | Sahil Dutta
With living standards falling and the far right on the rise, the chancellor has the power to make decisions, not simply accept diktats from the markets, says lecturer in political economy Sahil Dutta
theguardian.com
Paris-Berlin sleeper: low carbon, 2 years old, constantly full, but currently losing SNCF a few million EUR/yr Intl Jet fuel tax exemptions are 80 years old and cost the EU 22 million EUR/yr for the Paris-Berlin route alone. And you're cutting... the sleeper? www.theguardian.com/travel/2025/...
It’s goodnight Vienna as Paris sleeper train to Austria and Berlin hit by cuts
Some Nightjet services suspended from mid-December after French withdrawal amid public budget crisis
theguardian.com
We have a great job opportunity for an economic analyst focused on fiscal in our Brussels office BUT so far hardly any women have applied. Pls help us changed that and spread the word! Job posting: dezernatzukunft-my.sharepoint.com/:b:/g/person...
For a data collection we want to launch soon, we're looking for a German speaker who could translate our survey instrument to German. This should only take a few hours of work. Of course we are remunerating! Interested? Please reach out to @alexjabbour.bsky.social !
Domestic bond vigilantes - the unsung 'heroes' of market discipline; congratulations on this fine piece!
Juliet Johnson@excubs.bsky.social · last yr.Alison Johnston and I have a new open access article out arguing that pressure from domestic rather than foreign bondholders is most effective in forcing populist governments to rein in their economic policies. Our case studies are Italy and Hungary, but there are clear lessons for the USA.
read @alphaville.ft.com series on the crazy 'fiscal headroom' games played by the OBR and the Bank of England with QT, games with real consequences, like the two-child benefit cap, and weep for Labour's toothless governing www.ft.com/content/d593...
It’s time for yet another UK fiscal event. Will the OBR fix its BoE bond-sale projections?
MaPS, they don’t love you like we love you
ft.com
scrapping it would add GBP 2.5bn yearly to government spending. That is 25bn over ten years. Only last year, the Treasury paid the Bank of England around 40bn for its 'losses' on the QE gilt portfolio. It didnt have to. No other central bank expects to be compensated.
Ian Moody@ianmoody.bsky.social · 2y agoMinisters privately ruling out scrapping two-child benefits cap. Sources says government is ‘not going to find a way’ to ditch cap despite predictions that child poverty levels will soar. www.theguardian.com/society/2025...
A case of ‘A poor craftsman blames his tools’ fiscal rules edition? Since '05, the Stability and Growth Pact could discount spending which fostered international solidarity (‘French defense spending loophole’) or which was thought to promote the unification of Europe (German unification loophole).
Highly recommended and eminently quotable on coercive decarbonisation, credit policy, and capital controls! - looking forward to the rest of the @ripejournal.bsky.social special issue on derisking.
Daniela Gabor@danielagabor.bsky.social · 2y agoexcellent Leah Downy piece in our RIPE 'derisking' special issue on why we should talk more about coercing/disciplining finance - 'we must recognize how foundational coercive power, and thus coercive policy, is to sustaining a well-ordered democratic state' www.tandfonline.com/doi/full/10....
Blown away by this erudite book by @valentimvicente.bsky.social 🤯 An exceptional combination of theoretical sophistication and empirical breadth and depth. His theory of normalization not just helps explain recent rise of far right but also warns for overestimating strength of democracy.
congrats to my brilliant colleague & wonderful friend Saila Stausholm (sensibly not on here) for receiving with @javiergbe.bsky.social the Timothy J. Sinclair Best Article Award from @ripejournal.bsky.social for this paper! 💸 www.tandfonline.com/doi/full/10....
Unfollow the money: mapping the micro agents of international tax
Financial globalization has enabled multinational corporations to shift profits between jurisdictions to lower their tax rate, undermining public finances and concerning policy makers. While policy...
tandfonline.com
What a quote; the former UK Chancellor Hammond on the joys of contingent liabilities and why the model is not going anywhere (👋 de-risking), from Aeron Davis excellent history of the UK Treasury since 1976 (@manchesterup.bsky.social).
The World Bank calculated that the rich world earned more than $1.4tn in loan repayments from the global south world in 2023 "Colonial patterns of extraction plainly did not disappear with the withdrawal of troops, flags and bureaucrats." www.theguardian.com/commentisfre...
The Guardian view on development’s paradox: the rich benefit more than the poor | Editorial
Editorial: The global south needs a fairer deal than this one, in which it funds the lifestyle and wealth of the global north
theguardian.com
“In the years since 1982, developing countries have transferred an estimated $4200 billion in interest payments to their creditors in Europe & North America, far outstripping the official-sector development aid these countries received during the same period“ www.phenomenalworld.org/analysis/new...
⚠️ Six-year position at our department - work in lovely Vienna with a friendly team, 2 classes a term, and follow/develop your own research agenda. Feel free to ask me questions you might have. Deadline 24/01/25 jobs.univie.ac.at/job/Universi...
University Assistant (postdoc)
University Assistant (postdoc)
jobs.univie.ac.at
Happy birthday indeed - reminds me of @sarahquinn.bsky.social's debt as a time machine.
FT Alphaville@alphaville.ft.com · 2y ago[Robbie Williams voice] "And through it all, it has kept paying interest" ... on.ft.com/3OQkmL1
