Benjamin Braun
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View article: Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks
Noisy Politics, Quiet Technocrats: Strategic Silence by Central Banks Open
In contrast to the “quiet” politics of the pre‐2008 period, macroeconomic policy has become “noisy”. This break raises a question: How do independent agencies designed for quiet politics react when a contentious public turns the volume up …
View article: Cam Morphology and Sex-Based Differences in the Proximal Femur Anatomy of Collegiate Athletes Without Hip Pain: A 3-Dimensional Statistical Shape Modeling Analysis
Cam Morphology and Sex-Based Differences in the Proximal Femur Anatomy of Collegiate Athletes Without Hip Pain: A 3-Dimensional Statistical Shape Modeling Analysis Open
Background: Radiographic studies have reported a high prevalence of cam morphology in athletes, especially in male athletes, suggesting these individuals are at an elevated risk of developing femoroacetabular impingement syndrome (FAIS). H…
View article: Corrections to “Spectroscopic Analysis of Candida Species, Viability, and Antifungal Drug Effects with a Microwave Flow Cytometer” [Dec 22 566-573]
Corrections to “Spectroscopic Analysis of Candida Species, Viability, and Antifungal Drug Effects with a Microwave Flow Cytometer” [Dec 22 566-573] Open
In the above-titled paper (DOI: 10.1109/JERM.2022.3201698) [1], Fig. 3 has one incorrect legend; C. albicans Non-Viable 22 Hours should be C. albicans Viable 22 Hours. Fig. 3 with correct legend is included in this correction. The descript…
View article: Structure, Agency, and Structural Reform: The Case of the European Central Bank
Structure, Agency, and Structural Reform: The Case of the European Central Bank Open
Monetary and financial integration has been shown to increase the pressure on states to liberalize social and labor market policies. If structures do not come with instruction sheets, how do monetary regime pressures translate into policy?…
View article: Asset manager capitalism: An introduction to its political economy and economic geography
Asset manager capitalism: An introduction to its political economy and economic geography Open
Asset manager capitalism; political economy; economic geography; finance
View article: Green macrofinancial regimes
Green macrofinancial regimes Open
Debates about climate policy have neglected the question of macrofinancial pathways to decarbonisation, not all of which are economically and politically viable. We propose a theory of macrofinancial regimes, understood as combinations of …
View article: Exit, Control, and Politics: Structural Power and Corporate Governance under Asset Manager Capitalism
Exit, Control, and Politics: Structural Power and Corporate Governance under Asset Manager Capitalism Open
The power of finance vis-à-vis the nonfinancial sector is changing. Macroeconomic developments and financial innovations have reduced financial actors’ exit options, thus diminishing exit-based structural power. At the same time, sharehold…
View article: The three phases of financial power: Leverage, infrastructure, and enforcement
The three phases of financial power: Leverage, infrastructure, and enforcement Open
How does global capitalism – a highly unstable system that creates vast inequalities – continue to reproduce itself? Despite the burgeoning literature on financialization, large gaps remain in our understanding of the profitability and con…
View article: Planning laissez-faire: Supranational central banking and structural reforms
Planning laissez-faire: Supranational central banking and structural reforms Open
The mandate of the European Central Bank (ECB) does not extend to labor market and social policies at the national level. Why, despite the reputational costs, did the ECB act as a staunch advocate of structural labor market reforms from 19…
View article: Firm foundations: The statistical footprint of multinational corporations as a problem for political economy
Firm foundations: The statistical footprint of multinational corporations as a problem for political economy Open
The discipline of comparative political economy (CPE) relies heavily on aggregate, country-level economic indicators. However, the practices of multinational corporations have increasingly undermined this approach to measurement. The probl…
View article: Fueling Financialization: The Economic Consequences of Funded Pensions
Fueling Financialization: The Economic Consequences of Funded Pensions Open
Keywords pension funds, financialization, asset manager capitalism, capital stewardship, labor's capital
View article: Exit, control, and politics: The structural power of finance under asset manager capitalism
Exit, control, and politics: The structural power of finance under asset manager capitalism Open
The power of finance vis-à-vis the nonfinancial sector is changing. Macroeconomic developments and financial innovations have reduced financial actors’ exit options, thus diminishing exit-based structural power. At the same time, sharehold…
View article: Central banking beyond inflation
Central banking beyond inflation Open
The world around central banks has shifted. Europe is confronting an unprecedented combination of environmental, economic, and social challenges. Reducing carbon emissions to zero fast enough to avoid catastrophic global warming is difficu…
View article: Surface-Grafted Zwitterionic Polymers Improve the Efficacy of a Single Antibiotic Injection in Suppressing <i>Staphylococcus aureus</i> Periprosthetic Infections
Surface-Grafted Zwitterionic Polymers Improve the Efficacy of a Single Antibiotic Injection in Suppressing <i>Staphylococcus aureus</i> Periprosthetic Infections Open
Implant-associated bacterial infections are difficult to treat due to the tendency of biofilm formation on implant surfaces, which protects embedded pathogens from host defense and impedes antibiotic penetration, rendering systemic antibio…
View article: Asset Manager Capitalism as a Corporate Governance Regime
Asset Manager Capitalism as a Corporate Governance Regime Open
Who holds power in corporate America? Scholars have invariably answered this question in the language of ownership and control. This paper argues that tackling this question today requires a new language. Whereas the comparative political …
View article: Socialize Central Bank Planning
Socialize Central Bank Planning Open
The standard liberal historiography asserts that, following an initial violent setback, capitalism and democracy entered a marriage.
View article: Financial globalization as positive integration: monetary technocrats and the Eurodollar market in the 1970s
Financial globalization as positive integration: monetary technocrats and the Eurodollar market in the 1970s Open
International political economy (IPE) has explained financial globalization as the result of states deciding to open up and liberalize domestic financial systems. Complementing this ‘negative integration’ view, we present a theory of finan…
View article: Against Amnesia: Re-Imagining Central Banking
Against Amnesia: Re-Imagining Central Banking Open
The purpose of the present paper is to identify and challenge contemporary adherence to the core of the prevailing monetary policy consensus. This consensus consists of what we call the holy trinity of the inflation targeting paradigm: pri…
View article: Strong Firms, Weak Banks: The Financial Consequences of Germany’s Export-Led Growth Model
Strong Firms, Weak Banks: The Financial Consequences of Germany’s Export-Led Growth Model Open
The financial foundation of Germany's manufacturing success, according to the comparative capitalism literature, is an ample supply of long-term capital, provided to firms by a three-pillar banking system and 'patient' domestic shareholder…
View article: Significant Suppression of <i>Staphylococcus aureus</i> Colonization on Intramedullary Ti6Al4V Implants Surface-Grafted with Vancomycin-Bearing Polymer Brushes
Significant Suppression of <i>Staphylococcus aureus</i> Colonization on Intramedullary Ti6Al4V Implants Surface-Grafted with Vancomycin-Bearing Polymer Brushes Open
Orthopedic implant-associated bacterial infection presents a major health threat due to tendency for periprosthetic bacterial colonization/biofilm formation that protects bacteria from host immune response and conventional antibiotic treat…
View article: Central banking, shadow banking, and infrastructural power
Central banking, shadow banking, and infrastructural power Open
Public monetary governance and private market practices are closely entangled. Monetary policy depends on private financial infrastructures. At the same time, central banks exert considerable influence on market structures and practices. T…
View article: Vanishing Act: The Eurogroup’s Accountability
Vanishing Act: The Eurogroup’s Accountability Open
For an institution whose decisions have had an impact on the lives of millions of Europeans, there is much about the Eurogroup that is mysterious. It rose from obscurity following the eruption of the euro crisis ten years ago to become the…
View article: Central banking and the infrastructural power of finance: the case of ECB support for repo and securitization markets
Central banking and the infrastructural power of finance: the case of ECB support for repo and securitization markets Open
The pre-crisis rise and post-crisis resilience of European repo and securitization markets represent political victories for the interests of large banks. To explain when and how finance wins, the literature emphasizes lobbying capacity (i…
View article: Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the euro area
Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the euro area Open
This paper argues that Capital Markets Union – the EU’s attempt to establish a more market-based financial system – is a result less of financial policymaking than of macroeconomic governance in a politically fractured polity. The current …
View article: Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the euro area
Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the euro area Open
This paper argues that Capital Markets Union – the EU’s attempt to establish a more market-based financial system – is a result less of financial policymaking than of macroeconomic governance in a politically fractured polity. The current …