Published by De Gruyter Oldenbourg

Volume 72 Issue 2

Issue of Review of Economics

Contents
Journal Overview

Publicly Available October 27, 2021

Surveys

Publicly Available October 27, 2021

Insurance Against Extreme Weather Events: An Overview

Kati Kraehnert, Daniel Osberghaus, Christian Hott, Lemlem Teklegiorgis Habtemariam, Frank Wätzold, Lutz Philip Hecker, Svenja Fluhrer

Page range: 71-95

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Abstract

Extreme weather events increasingly threaten the economic situation of households and enterprises around the world. Insurance against extreme weather events is among the climate change adaptation instruments that are currently discussed by the policy community. This overview paper provides a synopsis of the state of research on insurance against extreme weather events, outlining advantages and limitations inherent in three main types of insurance: indemnity-based insurance, index-based insurance, and insurance-linked securities. The paper discusses issues related to insurance uptake, distributional effects, misleading incentives and potentially negative side effects, as well as the role of the state.

Publicly Available October 27, 2021

Austerity Effects on National Output and Income Inequality: A Systematic Literature Review

Angela Okeke, Constantinos Alexiou, Joseph Nellis

Page range: 97-148

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Abstract

Fiscal sustainability issues over rising national debt concerns and the consequent expansionary fiscal retrenchment hypothesis has fuelled the contentious austerity vis-à-vis stimulus debate which has spawned a large empirical literature of conflicting findings on the economic effects of austerity – with particular emphasis revolving around equity and distributional issues. In this paper we attempt to summarise the growing literature on the recent developments regarding the theoretical as well as empirical approaches on national output and distributional aspects of austerity. By exploring the existing evidence in the literature on the effect of consolidation programs, we offer a more holistic overview of the subject matter through a synthesis of the extant literature and, by so doing, propose directions for future research pertinent to both academic researchers and policymakers.

Publicly Available October 27, 2021

Reassessing the Literature on the Relationship Between Financial Structure and Economic Growth

Guangdong Xu

Page range: 149-182

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Abstract

This paper surveys the literature, particularly the empirical literature, that examines the association between financial structure and economic growth. The studies are divided into two groups depending on their research focus and research design. Whereas both strands of literature contribute to our understanding of the relationship between financial structure and growth and may also inform each other, the fundamental difference in their research questions means that they should be treated separately rather than together. Despite this difference, the two strands of literature share a common weakness: i.e. they overlook the interactions between banks and stock markets, which may lead to biased estimations.

About this journal

Welcome! As of 2016 the Review of Economics as well as all other journals of Lucius and Lucius Verlagsgesellschaft are published by De Gruyter Oldenbourg.

Aims and Scope
The Review of Economics (Jahrbuch für Wirtschaftswissenschaften) is a peer-reviewed general interest journal and publishes articles from all fields of economics.
Only articles with a strong policy focus are considered for publication. The Review of Economics will consider papers that are based on (i) a well defined theoretical model (ii) an empirical analysis or (iii) an experimental or (iv) an evidence-based framework.
The Review of Economics is also highly interested in survey articles on important policy issues.
Since the Review of Economics intends to deliver a forum for policy contributions and to influence the public debate we guarantee a quick and efficient referee process (the initial publication decision will be made within a maximum of 90 days). The editors may decide to publish papers without a referee process whenever authors send their submissions together with the referee reports and the decision letter of the previous submission and explain how they reacted to the reports. Accepted articles will be pre-published on the internet page of the journal as soon as they are accepted. Because the Review of Economics is not an e-Journal all articles also appear in a regular print version with some delay.

Partner Journal
Czech Journal of Economics and Finance

The Czech Journal of Economics and Finance (ISSN 0015-1920) is an English-language, double-blind refereed academic journal published in Prague since 1951. It devotes special attention to monetary economics, public finance, financial economics, and international economics, but it is open to high-quality papers from all fields of modern economics. The editors prefer empirically oriented papers, but do not exclude review articles or theoretical contributions provided that they are of high quality and relevant to the journal's aims.

Volume 72 Issue 2

Issue of Review of Economics

Frontmatter

Insurance Against Extreme Weather Events: An Overview

Abstract

Austerity Effects on National Output and Income Inequality: A Systematic Literature Review

Abstract

Reassessing the Literature on the Relationship Between Financial Structure and Economic Growth

Abstract