Review of World Economics

Review of World Economics
Title	Review of World Economics
Discipline	Economics
Abbreviation	Rev. World Econ.
Language	English
Publisher	Kiel Institute for the World Economy
Country	Germany
Frequency	Quarterly
History	1917–present
Issn	1610-2878

Review of World Economics

The Review of World Economics is a peer-reviewed academic journal focused on international economics, comparative analysis, and global policy debates. Established in the early twentieth century and published by the Kiel Institute for the World Economy, the journal has engaged with scholarship associated with figures and institutions such as John Maynard Keynes, Milton Friedman, Adam Smith, David Ricardo, Paul Samuelson, Amartya Sen, Joseph Stiglitz, Simon Kuznets, Robert Solow, Kenneth Arrow and organizations including International Monetary Fund, World Bank, World Trade Organization, Organisation for Economic Co-operation and Development and United Nations agencies.

Overview and Scope

The journal covers macroeconomic policy debates that intersect with the work of Bretton Woods Conference, Gold Standard (19th century), Plaza Accord, Basel Committee on Banking Supervision, Group of Seven, Group of Twenty Finance Ministers and Central Bank Governors, International Labour Organization, World Health Organization, International Energy Agency and scholarship referencing authors such as Jan Tinbergen, Raúl Prebisch, Hernando de Soto, Daron Acemoglu, Angus Deaton, Esther Duflo, Abhijit Banerjee, James Tobin and Robert Mundell. It publishes empirical work drawing on datasets linked to Penn World Table, World Development Indicators, IMF World Economic Outlook, UN Comtrade Database, OECD.Stat, Laubach and Williams dataset and theoretical contributions engaging with debates surrounding Keynesian economics, Monetarism, New Classical Economics, New Keynesian Economics, Institutional Economics and the scholarship of Douglass North.

Historical Development of World Economics

Tracing origins to publications influenced by the aftermath of World War I, the journal intersects historiographically with events like the Treaty of Versailles, Great Depression, Smoot–Hawley Tariff Act, Bretton Woods Conference, Marshall Plan, European Coal and Steel Community, Treaty of Rome and the Cold War era. Contributors have engaged with theories advanced after crises such as the 1973 oil crisis, the Latin American debt crisis, the East Asian financial crisis, the Russian financial crisis (1998), the Global Financial Crisis (2007–2008) and the COVID-19 pandemic. The intellectual lineage features debates among scholars associated with University of Chicago, Massachusetts Institute of Technology, London School of Economics, Harvard University, Princeton University, Yale University, University of Cambridge, University of Oxford and policy institutions like Federal Reserve System, Bank of England, European Central Bank.

Major Theoretical Frameworks

The journal has published work building on models from Solow growth model, IS–LM model, Mundell–Fleming model, Heckscher–Ohlin model, Ricardian comparative advantage, Edgeworth box, Arrow–Debreu model, Lucas critique, Romer endogenous growth model, Diamond–Mortensen–Pissarides model and the Overlapping generations model. It engages debates influenced by scholars such as Thomas Piketty, Gary Becker, Robert Lucas Jr., Edward Prescott, Olivier Blanchard, Ragnar Frisch, Trygve Haavelmo, Kenneth Rogoff and Carmen Reinhart, and dialogues with methodological approaches from Bayesian statistics as employed in work from Geoffrey Hinton-era genealogies and econometric traditions associated with James Heckman and John Tukey.

Global Economic Institutions and Governance

Coverage emphasizes roles of multilateral institutions including International Monetary Fund, World Bank, World Trade Organization, Bank for International Settlements, European Central Bank, Asian Development Bank, African Development Bank, Inter-American Development Bank, United Nations Conference on Trade and Development and GATT antecedents. Analyses examine governance reforms discussed at summits like Bretton Woods Conference, G20 Osaka Summit (2019), Seoul Summit and treaty negotiations akin to Trans-Pacific Partnership, North American Free Trade Agreement, European Union legislation and regional architectures such as the Association of Southeast Asian Nations and Mercosur.

International Trade and Finance

The journal publishes trade and finance research related to episodes and frameworks such as the Smoot–Hawley Tariff Act, General Agreement on Tariffs and Trade, World Trade Organization, Plaza Accord, Bretton Woods system, Gold Standard (19th century), Asian financial crisis, Latin American debt crisis and modern arrangements like the Transatlantic Trade and Investment Partnership discussions. Contributors analyze capital flows, balance of payments, currency regimes examined in work referencing Triffin dilemma, Impossible trinity (policy trilemma), Capital Asset Pricing Model and empirical series from Bank for International Settlements.

Macroeconomic Trends and Indicators

Articles address indicators and trends using data series from Penn World Table, World Development Indicators, IMF World Economic Outlook, OECD.Stat and central bank releases from Federal Reserve System, Bank of England, European Central Bank. Topics include inflation episodes such as Weimar hyperinflation, stagflation debates of the 1970s energy crisis, productivity studies linked to Solow growth model, unemployment studies invoking Phillips curve, fiscal policy episodes like Austerity in the European sovereign debt crisis and monetary policy innovations influenced by Taylor rule discussions.

Development, Inequality, and Poverty

The journal engages with development cases including East Asian Miracle, Import substitution industrialization, Washington Consensus, Structural Adjustment Programs, Millennium Development Goals, Sustainable Development Goals, and country studies of China, India, Brazil, South Africa, Mexico, Argentina and Nigeria. Scholarship draws on measures like the Gini coefficient applied in analyses influenced by Thomas Piketty, Amartya Sen and Angus Deaton, and examines policies from institutions such as World Bank, International Monetary Fund and United Nations Development Programme.

Contemporary Challenges and Future Directions

Current and prospective research areas highlighted include climate-related economic transitions referencing Paris Agreement, energy geopolitics tied to Organization of the Petroleum Exporting Countries, digital currency debates around Bitcoin, Libra (Diem), and central bank digital currency pilots by People's Bank of China, Federal Reserve System and European Central Bank. Other frontiers intersect with trade tensions such as US–China trade war, supply-chain disruptions evident in the COVID-19 pandemic, financial stability concerns post-Global Financial Crisis (2007–2008), and governance challenges debated at forums like the G20 and United Nations General Assembly.

Category:Economics journals