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You can now subscribe to the Environmental Economics Calendar that you find on the right hand side by copy-pasting the calendar.ics link and using it in the program of your choice.

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For everyone into general macroeconomics and those who are interested in the last sovereign crisis:
One of the main questions raised during the past years was whether the rating agencies’ downgrades of sovereigns lead to additional adverse effects on those sovereigns that have their ratings changed.

All the debating over sovereign rating made me ponder whether everyone is a hypochonder... and thus I studied this question above based on data from European countries (a panel of 26 countries and 17 years).

The main result: I found that there are two-way feedback effects between macroeconomic conditions and the sovereigns’ ratings. This, for example, means that a sovereign’s rating downgrade will lead to a reduction in economic growth, which then vice versa leads to that sovereign’s downgrade again.

This vicious cycle thus implies that rating changes can exaccerbate already existing problems of macroeconomic stability.

You can find the paper HERE, it is forthcoming in the journal Economic Modelling.

Just saw this over at The Association of Environmental and Resource Economists plans to establish a new journal. Exciting news for all environmental and resource economists.

The features:

  • Free online access to the journal for all Association members;
  • Inclusion in JSTOR, the nonprofit permanent repository of academic research;
  • An excellent portfolio fit, with immediate inclusion in a UCP package including journals of 27 academic societies and many top journals in economics, including the Journal of Political Economy, Economic Development and Cultural Change, Journal of Labor Economics, and The Journal of Law and Economics;
  • Very reasonable institutional pricing, which means worldwide access for scholars is maximized;
  • Assured immediate library acceptance through JSTOR and complete Chicago Package connection; and
  • A guaranteed minimum payment to the Association beginning in a few years, with a percentage of the revenues, if greater.

Though all this sounds exciting, I am wondering why the association does not go for some radical new approach that would be well-fitting for environmental and resource economists. There is already a number of journals in environmental and resource economics. But the question is not whether we need another one but what another one can offer that the previous one cannot!

And here are my suggestions:

1) open access – this will increase readership and spread the word, also show that the association is leading the way into a new era of open source research

2) free association membership for outstanding refereeing (fast and quality of report)

3) no submission fee but an acceptance fee. if that leads to a too high submission rate, then the editor should reject papers outright that seem to fall short of the level of the journal.

4) Online data placement. In most environmental economics journal, the data is kept secret and often not shared even upon request. This is not best practice.

5) In the website, it should be possible for others to provide comments on the articles, an overall rating, feedbacks, etc. Making the whole journal interactive would be a great way forward to get discussion and thoughts on research going!

Some more questions. Where is that journal supposed to be placed in terms of quality? Number of issues/pages? More empirical or theoretical focus?

You can also start suggesting titles HERE. The one I liked the most is Journal of the Association of Environmental and Resource Economists, short JAERE. Seems very natural and shows that this is really the journal of the association.



UPDATE 26th October 2013:

The journal will come out soon, details can be found here: Dan Phaneuf, the current editor of JEEM, will become the new editor, so expect this journal to have a slight empirical focus attached to it. Which is good!
Unfortunately, the journal become somewhat of a traditional type journal, no open access, no interesting novel way of making the refereering process anyhow faster or more transparent. So expect turnover time etc to be equivalent to that in JEEM currently. So this journal will be more of a money horse for the association instead of an inspiring, new publishing concept in environmental and resource economics. The great advantage is going to be that we will see another top quality  journal in environmental and resource economics, which will be nice to know for those who target high quality journals.

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