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Dr. Steffen Murau

Steffen Murau

John F. Kennedy Institute

Sociology Department

Research Group Leader OBFA-TRANSFORM Project

Address
Lansstr. 7-9
14195 Berlin

Office hours

By arrangement.

Professional experience

Since 2024
Lecturer, John-F.-Kennedy Institute, Free University of Berlin

Since 2023
Leader of the Emmy Noether Research Group “The Political Economy of Financing Large-Scale Transformations. Off-Balance-Sheet Fiscal Agencies in Wars, Reconstruction, and the Green Transition” (OBFA-TRANSFORM), Global Climate Forum, Berlin

2022-2023
Research associate, Geschwister-Scholl-Institute for Political Science, Ludwig-Maximilians-Universität München

2019-2021
Postdoctoral fellow at Global Development Policy Center of Boston University

2017-2018
Postdoctoral fellow at Weatherhead Center for International Affairs, Harvard University

2017-2018
Research associate at Institute for Advanced Sustainability Studies, Potsdam

2014-2018
Teaching assistant in economics, University College London

2013-2016
Teaching assistant in International Relations and International Political Economy, City, University of London

Academic education

2013-2017
PhD in International Political Economy, City, University of London

2008-2011
Bachelor of Science in economics, Ludwig-Maximilians-Universität München

2006-2012
Magister Artium in political science, philosophy, and international law, Ludwig-Maximilians-Universität München

Selected articles

(2024, with Armin Haas and Andrei Guter-Sandu) ‘Monetary Architecture and the Green Transition’, Environment and Planning A: Economy and Space, 56 (2), pp. 382-401, https://doi.org/10.1177/0308518X23119729.

(2024, with Matteo Giordano) ‘Forging Monetary Unification through Novation. The TARGET System and the Politics of Central Banking in Europe’, Socio-Economic Review, 22 (3), pp. 1283-1312, https://doi.org/10.1093/ser/mwad067.

(2024, with Philipp Golka and Jan-Erik Thie) ‘Towards a Public Sustainable Finance paradigm for the Green Transition’, Finance and Society, 10 (1), pp. 38-50, https://doi.org/10.2218/fas.2023.15.

(2023, with Tobias Pforr) ‘Shadow Money in the History of Economic Thought’, Review of Political Economy, online first, pp. 1-17, https://doi.org/10.1080/09538259.2023.2272140.

(2023, with Jens van ‘t Klooster) ‘Rethinking Monetary Sovereignty. The Global Credit Money System and the State’, Perspectives on Politics, 21 (4), pp. 1319–1336, https://doi.org/10.31235/osf.io/k9qm8.

(2023, with Fabian Pape and Tobias Pforr) ‘International Monetary Hierarchy through Emergency US-Dollar Liquidity. A Key Currency Approach’, Competition and Change, 27 (3-4), pp. 495–515, https://doi.org/10.1177/10245294221118661.

(2022, with Jan-Erik Thie) ‘Für eine Ausstattung des Energie- und Klimafonds mit Kreditermächtigungen’, Wirtschaftsdienst 102 (6), pp. 449-455, https://doi.org/10.1007/s10273-022-3215-3.

(2022, with Andrei Guter-Sandu) ‘The Eurozone's Evolving Fiscal Ecosystem. Mitigating Fiscal Discipline by Governing through Off-Balance-Sheet Fiscal Agencies’ New Political Economy, 27 (1), pp. 62-80, https://doi.org/10.1080/13563467.2021.1910648.

(2021, with Benjamin Braun and Arie Krampf) ‘Financial Globalization as Positive Integration. Monetary Technocrats and the Eurodollar Market in the 1970s’, Review of International Political Economy, 28 (4), pp. 794-819, https://doi.org/10.1080/09692290.2020.1740291.

(2020, with Tobias Pforr) ‘What is Money in a Critical Macro-Finance Framework?’, Finance and Society 6 (1), pp. 56-66, https://doi.org/10.2218/finsoc.v6i1.4409.

(2020, with Joe Rini and Armin Haas) ‘The Evolution of the Offshore US-Dollar System. Past, Present and Four Possible Futures’, Journal of Institutional Economics, 16 (6), pp. 767-783, https://doi.org/10.1017/S1744137420000168.

(2017) ‘Shadow Money and the Public Money Supply. The Impact of the 2007-9 Financial Crisis on the Monetary System’, Review of International Political Economy, 24 (5), pp. 802-838, https://doi.org/10.1080/09692290.2017.1325765

Selected working papers

(2024, with Gregor Laudage, Armin Haas, and Andrei Guter-Sandu) ‘State Finance Beyond the Core Budget. Off-Balance-Sheet Fiscal Agencies in Germany’s Fiscal Ecosystem’, OBFA-TRANSFORM Working Paper No. 1-EN, July 2024, Berlin: Global Climate Forum,
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4910502.

(2024, with Alexandru-Stefan Goghie and Matteo Giordano) ‘Encumbered Security? Conceptualising Vertical and Horizontal Repos in the Euro Area’, SOAS Department of Economics Working Paper No. 262, London: SOAS University of London, https://www.soas.ac.uk/sites/default/files/2024-04/economics-wp262.pdf

(2023) ‘Sovereign Debt Issuance and the Transformation of the Monetary Architecture in Prussia and the German Empire, 1740–1914’, Dezernat Zukunft. Institute for Macrofinance, Background Paper, July 2023, https://www.dezernatzukunft.org/staatsverschuldung-und-transformation-der-monetaeren-architektur-in-preussen-und-dem-deutschen-kaiserreich-1740-1914/

(2022, with Fabian Pape and Tobias Pforr) ‘After the Allocation. What Role for the Special Drawing Rights System?’, Institute for New Economic Thinking, INET Working Paper No. 180, March 2022, https://doi.org/10.36687/inetwp180.

(2020) ‘A Macro-Financial Model of the Eurozone Architecture Embedded in the Global Offshore US-Dollar System’, Boston University, Global Development Policy Center, Global Economic Governance Initiative, GEGI Study July 2020, Boston, MA, https://doi.org/10.2312/iass.2020.041.