Armon Rezai

Director of Policy

telephone: (+43-1) 533 66 10

Armon Rezai is Director of Policy at wiiw and Associate Professor of Environmental Economics at the Vienna University of Economics and Business (WU). He has published widely on macroeconomic topics, such as growth and distribution, their application to environmental problems like climate change, and economic policy, in numerous academic journals as well as the popular press. After earning a PhD in economics from The New School for Social Research, he has worked at the United Nations University's World Institute for Development Economics Research in Helsinki and provided consultations to the World Bank and the Austrian National Bank (OeNB). He has been Fulbright Fellow, Schrödinger Fellow of the Austrian Science Fund, and academic visitor at the University of California at Berkeley, CESifo, and the FGV Sao Paulo.

Austria, Vienna

External Publications

Articles in refereed journals
  • 'Economic Growth, Income Distribution, and Climate Change' (with Duncan K. Foley and Lance Taylor), Ecological Economics, Vol. 146, 2018, pp. 164-172
  • 'A Sectoral Net Lending Perspective on Europe' (with Florentin Glötzl), Cambridge Journal of Economics, 2017, forthcoming
  • 'The Simple Arithmetic of Carbon Pricing and Stranded Assets' (with Frederick van der Ploeg), Energy Efficiency, Vol. 11, No. 3, 2018, pp. 627–639
  • 'Abandoning Fossil Fuel: How Fast and How Much' (with Frederick van der Ploeg), The Manchester School, Vol. 85, No. S2, 2017, pp. e16-e44
  • 'The Euro, The Gold Standard, and German Power: A Cautionary Tale ' (with Beverly Crawford), German Politics and Society, Vol. 35, No. 4, 2017, pp. 77-104
  • 'Climate Policies under Climate Model Uncertainty: Max-Min and Min-Max Regret' (with Frederick van der Ploeg), Energy Economics, Vol. 68, Supplement 1, 2017, pp. 4-16
  • 'Wage increases, transfers, and the socially determined income distribution in the USA' (with Nelson H. Barbosa-Filho, Laura Carvalho, Rishabh Kumar and Lance Taylor), Review of Keynesian Economics, Vol. 5, No. 2, 2017, pp. 259-275
  • 'Cumulative Emissions, Unburnable Fossil Fuel, and the Optimal Carbon Tax' (with Frederick van der Ploeg), Technological Forecasting and Social Change, Vol. 116, 2017, pp. 216-222
  • 'Second-Best Renewable Subsidies to De-carbonize the Economy: Commitment and the Green Paradox' (with Frederick van der Ploeg), Environmental and Resource Economics, Vol. 66, No. 3, 2017, pp. 409-434
  • 'Intergenerational Inequality Aversion, Growth, and the Role of Damages: Occam’s Rule for the Global Carbon Tax' (with Frederick van der Ploeg), Journal of the Association of Environmental and Resource Economics, Vol. 3, No. 2, 2016, pp. 493-522
  • 'Personal Income Inequality and Aggregate Demand' (with Laura Carvalho), Cambridge Journal of Economics, Vol. 40, No. 2, 2016, pp. 491-505
  • 'Ecological Macroeconomics: Introduction and Review' (with Sigrid Stagl), Ecological Economics, Vol. 121, 2016, pp. 181-185
  • 'An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth' (with Duncan K. Foley and Lance Taylor), Ecological Economics, Vol. 121, 2016, pp. 196-205
  • 'Demand and Distribution in Integrated Economies', Cambridge Journal of Economics, Vol. 39, No. 5, 2015, pp. 1399-1414
  • 'Robustness of a Simple Rule for the Social Cost of Carbon' (with Frederick van der Ploeg), Economics Letters, Vol. 132, No. C, 2015, pp. 48-55
  • 'The Political Economy of Environmental Policy with Overlapping Generations' (with Larry Karp), International Economic Review, Vol. 55, No. 3, 2014, pp. 711-733
  • 'The Social Cost of Carbon Emissions' (with Duncan K. Foley and Lance Taylor), Economics Letters, Vol. 121, No. 1, 2013, pp. 90-97
  • 'Cycles of Demand and Distribution and Monetary Policy in the US Economy', Journal of Post Keynesian Economics, Vol. 36, No. 2, 2013, pp. 231-250
  • 'On the Economic Foundations of Green Growth Discourses: The Case of Climate Change Mitigation and Macroeconomic Dynamics in Economic Modelling' (with Reinhard Mechler and Serban Scrieciu), WIREs Energy Environ, Vol. 2, 2013, pp. 251-268
  • 'Ecological Macroeconomics: An Application to Climate Change' (with Reinhard Mechler and Lance Taylor), Ecological Economics, Vol. 85, 2013, pp. 69-76
  • 'Goodwin Cycles, Distributional Conflict and Productivity Growth', Metroeconomica, Vol. 63, No. 1, 2012, pp. 29-39
  • 'Global Warming and Economic Externalities' (with Duncan K. Foley and Lance Taylor), Economic Theory, Vol. 49, No. 2, 2012, pp. 329-351
  • 'The Opportunity Cost of Climate Policy: A Question of Reference', The Scandinavian Journal of Economics, Vol. 113, No. 4, 2011, pp. 885-903
  • 'Fiscal Policy, Public Expenditure Composition, and Growth: Theory and Empirics' (with Bobo Diallo, Anand Rajaram and Willi Semmler), AESTIMATIO, the IEB International Journal of Finance, Vol. 113, No. 2, 2011, pp. 48-89
  • 'Recast the DICE and its Policy Recommendations', Macroeconomic Dynamics, Vol. 14, No. 52, 2010, pp. 275-289
  • 'Productivity Shocks in the Short and Long-Run: An Intertemporal Model and Estimation' (with Pu Chen, Gang Gong and Willi Semmler), Investigaciones Economicas, Vol. 67, No. 264, 2008, pp. 39-61
Books (Monographs and editorship)
  • The Economics of the Global Environment. Catastrophic Risks in Theory and Policy, Graciela Chichilnisky and Armon Rezai (eds), Studies in Economic Theory, Springer, 2016
  • Social Fairness and Economics. Economic Essays in the Spirit of Duncan Foley, Thomas Michl, Armon Rezai and Lance Taylor (eds), Routledge, 2012
Articles in books
  • 'US Size Distribution and the Macroeconomy, 1986-2009' (with Nelson H. Barbosa-Filho, Laura Carvalho and Lance Taylor), in: Mario Damill, Martín Rapetti and Guillermo Rozenwurcel (eds), Macroeconomics and Development: Roberto Frenkel and the Economics of Latin America, Columbia University Press, New York, 2016
  • 'Transformationspfade' (with Angela Köppl, Kurt Kratena, Reinhard Mechler, Elke Pirgmaier, Klaus Radunsky, Niels Schulz and Sigrid Stagl), in: Austrian Panel on Climate Change (APCC) (eds), Austrian Assessment Report 2014 (AAR14), Verlag der Österreichischen Akademie der Wissenschaften, Marburg, 2014, pp. 1025-1074
  • 'Finanzierungssalden und die Krise in Europa' (with Florentin Glötzl, Markus Marterbauer and Miriam Rehm), in: Sebastian Dullien, Eckhard Hein and Achim Truger (eds), Makroökonomik, Entwicklung und Wirtschaftspolitik. Festschrift für Jan Priewe = Macroeconomics, development und economic policies, Series of the Research Network Macroeconomics and Macroeconomic Policies 16, Metropolis, Marburg, 2014, pp. 263-277
  • 'Economic Growth and Climate Change: Cap-And-Trade or Emission Tax?' (with Edward Nell and Willi Semmler), in: Elmar Altvater and Achim Brunnengräber (eds), After Cancún. Climate Governance or Climate Conflicts, VSA Verlag, Hamburg, 2011, pp. 95-110
  • 'Short and Long Run Effects of Productivity Shocks in an Intertemporal Model' (with Pu Chen, Gang Gong and Willi Semmler), in: Manon C. Fournier and Chloe S. Mercier (eds), Economics of employment and unemployment, Nova Science, New York, 2009, pp. 181-197
  • 'Wirtschaftswachstum und Globale Klimaerwärmung: Emissionshandel oder Emissionssteuer?' (with Edward Nell and Willi Semmler), in: Elmar Altvater and Achim Brunnengräber (eds), Ablasshandel gegen Klimawandel?, VSA Verlag, Hamburg, 2008, pp. 169-184
Articles in non-refereed journals
  • 'Wirtschaftswachstum und die funktionale und persönliche Verteilung von Einkommen – Überblick und neue Erkenntnisse', Der öffentliche Sektor - The Public Sector, Vol. 41, No. 2, 2015, pp. 95-98
  • 'Ist Grünes Wachstum möglich? Reflexionen und Auswirkungen auf Österreich' (with Reinhard Mechler and Sigrid Stagl), Wirtschaftspolitische Blätter, No. 4, 2010, pp. 451-465
Shorter papers and comments
  • 'Hilf dir selbst, dann hilft dir Deutschland: Fortschritt bei der Reform der Eurozone?' (with Philipp Heimberger), Der Standard, June 27th, 2018
  • 'Global carbon taxation: Intuition from a back-of-the-envelope calculation ' (with Frederick van der Ploeg),, January 15th, 2015
  • '‚Business as Usual’ is not an Environmentally Viable Option' (with Graciela Chichilnisky), Financial Times, March 3rd, 2014
Other working papers and discussion series
  • 'Productivity and Unemployment in the Short and Long Run' (with Pu Chen and Willi Semmler), SCEPA Working Papers, No. 2007-8, September 2007

wiiw Publications

wiiw Monthly Reports
  • 'Opinion corner: Reflections on the US trade policy and the rising role of China' (with Robert Stehrer), Monthly Report No. 4/2018, wiiw Monthly Report, No. 4, Vienna, April 2018, pp. 2-4
wiiw Research Reports in German Language
  • 'Die Lohnentwicklung in den mittel- und osteuropäischen Mitgliedsländern der EU' (with Vasily Astrov, Mario Holzner, Sebastian Leitner, Isilda Mara and Leon Podkaminer), wiiw Research Report in German language, No. 12, Vienna, July 2018