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After a longer summer break I am finally back with someindex news: I am very happy that Ian Bateman, the editor of the journal Environmental and Resource Economics, has asked me to be part of the editorial board. This journal is among a handful few environmental economics journals that I feel has constantly managed to attract interesting and novel articles, so it will be a pleasure to work with them.

My approach as co-editor is as follows:

  1. Have a fast reviewing process
  2. The aim is for papers at the top level in environmental and resource economics
  3. In spirit with the journal: It is not enough to have a nice paper with which nothing  is wrong, but there must be something catchy that readers will find interesting.

If you feel that your article fits these criteria, then please do not hesitate and submit!

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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.

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