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/...

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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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...

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...

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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@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...

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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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...

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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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...

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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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...

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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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...

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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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...

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...

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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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...

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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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...

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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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...

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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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...

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...

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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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...

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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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...

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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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...

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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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...

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...

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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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...

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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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...

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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The OxREP's double issue on “The Economics of Care” has been published! Read all articles online here: academic.oup.com/oxrep/issue/...

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...

academic.oup.com

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...

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...

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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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...

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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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...

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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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...

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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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...

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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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...

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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