Key details
Dr Alberto Botta
Associate Professor of Economics
Dr. Alberto Botta joined the University of Greenwich in January 2016. He is currently the Programme Leader for the MSc Economics.
Alberto holds a MA with laude in Political Sciences from the University of Pavia, and a PhD in Economics of Production and Development from the University of Insubria, Italy. He attended the Summer School on Latin American economies at ECLAC, the UN Economic Commission for Latin America and Caribbean Countries, Santiago de Chile. He also attended the Summer School on Hyman Minsky, financial Instability and post-Keynesian Economics at the Levy Economics Institute of Bard College, USA.
Alberto has been Assistant Professor of macroeconomics at the Mediterranean University of Reggio Calabria, Reggio Calabria (Italy). He also taught development economics at the Polytechnics University of Milan (Italy); monetary economics at the University of Insubria (Italy); international economics at the University of Pavia; microeconomics and development economics at the Master Programme on Cooperation and Development, University of Pavia (Italy). Alberto teaches economic integration and international cooperation at MICAD, the Master Program in Cooperation and Development in the Middle East, Bethlehem University, Bethlehem, Palestinian territories.
Posts held previously:
2010-2016, Assistant Professor, Mediterranean University of Reggio Calabria (Italy)
2007-2010, Post-Doc research fellow, University of Pavia (Italy)
Responsibilities within the university
Programme Leader of the MSc programme in Economics
Awards
CEPAL – INET award for the best paper ("The macroeconomics of the financial Dutch disease") presented at the first CEPAL workshop on "Keynes, Schumpeter and Latin American Structuralism", July 2015.
University of Greenwich Research and Enterprise award for Outstanding Achievements in Research, November 2019.
University of Greenwich Faculty of Business award for Excellence in Research, May 2020.
Kapp prize (ex-aequo) of the European Association for Evolutionary Political Economy (EAEPE) for the best paper published in 2019 ("Inequality and finance in a rent economy"), September 2020.
Recognition
Scientific Committees:
Master Programme in Cooperation and Development, University of Pavia (Italy)
Editorial boards:
PSL Quarterly Review
Reviewer for:
Structural Change and Economic Dynamics
Metroeconomica
Journal of Evolutionary Economics
Journal of post-Keynesian Economics
Economic Modelling
Review of Political Economy
Review of Radical Political Economics
Review of Keynesian Economics
International Review of Economics and Finance
Review of Social Economy
Environment and Planning
Research / Scholarly interests
Alberto's main research fields are structuralist and post-Keynesian macroeconomics, in particular as applied to the development problems of developing and emerging economies. Alberto's research activity also investigated the causes and possible economic-institutional solutions of the eurozone economic crisis, as well as the issue of financial instability in both developed and developing countries. More recently, Alberto focused his research on the description of the mechanisms characterizing the so-called shadow banking system, the interplay between financialization and inequality, and the macroeconomic effects of quantitative easing.
Recent publications
Article
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2024), Same old song: On the macroeconomic and distributional effects of leaving a Low Interest Rate Environment. Elsevier. In: , , , . Elsevier, Structural Change and Economic Dynamics, 69 . pp. 552-570 ISSN: 0954-349X (Print), 1873-6017 (Online) (doi: https://doi.org/10.1016/j.strueco.2024.03.009) NB Item availability restricted.
Botta, Alberto , Porcile, Gabriel, Spinola, Danilo, Yajima, Giuliano Toshiro (2023), Financial integration, productive development and fiscal policy space in developing countries. Elsevier. In: , , , . Elsevier, Structural Change and Economic Dynamics, 66 . pp. 175-188 ISSN: 0954-349X (Print), 1873-6017 (Online) (doi: https://doi.org/10.1016/j.strueco.2023.04.016).
Botta, Alberto , Yajima, Giuliano Toshiro, Porcile, Gabriel (2023), Structural change, productive development and capital flows: does financial “bonanza” cause premature deindustrialization?. Oxford University Press. In: , , , . Oxford University Press, Industrial and Corporate Change, 32 (2) . pp. 433-473 ISSN: 0960-6491 (Print), 1464-3650 (Online) (doi: https://doi.org/10.1093/icc/dtac056) NB Item availability restricted.
Missaglia, Marco and , Botta, Alberto (2022), Households’ liquidity preference, banks’ capitalization and the macroeconomy: a theoretical investigation. Routledge. In: , , , . Routledge, Review of Political Economy ISSN: 0953-8259 (Print), 1465-3982 (Online) (doi: https://doi.org/10.1080/09538259.2022.2100218).
Botta, Alberto and , Tippet, Benjamin (2021), Secular stagnation and core-periphery uneven development in post-crisis eurozone. SAGE Publications. In: , , , . SAGE Publications, Competition & Change ISSN: 1024-5294 (Print), 1477-2221 (Online) (doi: https://doi.org/10.1177/10245294211003864).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2020), Fighting the COVID-19 Crisis: Debt Monetisation and EU Recovery Bonds. Springer Verlag. In: , , , . Springer Verlag, Intereconomics, 55 . pp. 239-244 ISSN: 0020-5346 (Print), 1613-964X (Online) (doi: https://doi.org/10.1007/s10272-020-0907-z).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2020), When complexity meets finance: a contribution to the study of the macroeconomic effects of complex financial systems. Elsevier. In: , , , . Elsevier, Research Policy, 51: 103990 (8) ISSN: 0048-7333 (Print), (doi: https://doi.org/10.1016/j.respol.2020.103990).
Caverzasi, Eugenio , Botta, Alberto, Capelli, Clara (2019), Shadow banking and the financial side of financialization. Oxford University Press. In: , , , . Oxford University Press, Cambridge Journal of Economics, 43 (4) . pp. 1029-1051 ISSN: 0309-166X (Print), 1464-3545 (Online) (doi: https://doi.org/10.1093/cje/bez020).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto, Gallegati, Mauro , Stiglitz, Joseph E. (2019), Inequality and finance in a rent economy. Elsevier. In: , , , . Elsevier, Journal of Economic Behavior and Organization, 183 . pp. 998-1029 ISSN: 0167-2681 (Print), (doi: https://doi.org/10.1016/j.jebo.2019.02.013).
Botta, Alberto , Caverzasi, Eugenio, Tori, Daniele (2018), The macroeconomics of shadow banking. Cambridge University Press. In: , , , . Cambridge University Press, Macroeconomic dynamics, 24 (1) . pp. 161-190 ISSN: 1365-1005 (Print), 1469-8056 (Online) (doi: https://doi.org/10.1017/S136510051800041X).
Botta, Alberto and , Tori, Daniele (2018), The theoretical and empirical fragilities of the expansionary austerity theory. Taylor & Francis. In: , , , . Taylor & Francis, Journal of Post Keynesian Economics, 41 (3) . pp. 364-398 ISSN: 0160-3477 (Print), 1557-7821 (Online) (doi: https://doi.org/10.1080/01603477.2018.1431789).
Botta, Alberto and , (2018), The short- and long-run inconsistency of the expansionary austerity theory: a post-Keynesian/Evolutionist critique. Springer. In: , , , . Springer, Journal of Evolutionary Economics, 30 (1) . pp. 143-177 ISSN: 0936-9937 (Print), 1432-1386 (Online) (doi: https://doi.org/10.1007/s00191-018-0567-3).
Botta, Alberto and , (2017), Financial and capital account liberalisation, financial development and economic development: a review of some recent contributions. Taylor & Francis. In: , , , . Taylor & Francis, Forum for Social Economics, 47 (3-4) . pp. 362-377 ISSN: 0736-0932 (Print), 1874-6381 (Online) (doi: https://doi.org/10.1080/07360932.2017.1383286).
Botta, Alberto and , (2017), Dutch disease-cum-financialization booms and external balance cycles in developing countries. centro de economia politica. In: , , , . centro de economia politica, Brazilian Journal of Political Economy / Revista de Economia Política, 37 (3) . pp. 459-477 ISSN: 0101-3157 (Print), 1809-4538 (Online) (doi: https://doi.org/10.1590/0101-31572017v37n03a01).
Botta, Alberto , Godin, Antoine, Missaglia, Marco (2016), Finance, foreign (direct) investment, and the Dutch disease: the case of Colombia. Springer. In: , , , . Springer, Economia Politica, 33 (2) . pp. 265-289 ISSN: 1120-2890 (Print), 1973-820X (Online) (doi: http://dx.doi.org/10.1007/s************30-6).
Alberto, Botta and , (2016), The complex inequality-innovation-public investment nexus: what we (don’t) know, what we should know, and what we have to do. Taylor & Francis. In: , , , . Taylor & Francis, Forum for Social Economics, 46 (3) . pp. 275-298 ISSN: 0736-0932 (Print), 1874-6381 (Online) (doi: https://doi.org/10.1080/07360932.2016.1150867) NB Item availability restricted.
Book section
Botta, Alberto , Yajima, Giuliano, Porcile, Gabriel (2023), Finance-led premature de-industrialization and the role of external macroprudential policy for post-COVID-19 transformative development: Latin America in a comparative perspective. United Nations Publication - ECLAC. In: , , In: Esteban Perez Caldentey (ed.), Financial openness, financial fragility and policies for economic stability: a comparative analysis across regions of the developing world. United Nations Publication - ECLAC, Santiago, Chile (1st) . pp. 381-413 . ISBN: LC/TS.2022/139 (doi: https://repositorio.cepal.org/bitstream/handle/11362/48659/1/S2200401_en.pdf).
Botta, Alberto and , (2021), Financial liberalisation, exchange rate dynamics and the financial Dutch disease in developing and emerging economies. Routledge. In: , , In: Bruno Bonizzi, Annina Kaltenbrunner, Raquel A. Ramos (eds.), Emerging Economies and the Global Financial System: Post-Keynesian Analysis. Routledge, London (1st ed.) . pp. 181-196 . ISBN: 9780367111427 (doi: https://doi.org/10.4324/9780429025037-17) NB Item availability restricted.
Monograph
Botta, Alberto , Yajima, Giuliano, Porcile, Gabriel (2021), Productive development, structural change and international capital flows: The role of macroprudential policy for transformative post-Covid recovery. UN Commission for Latin America and the Caribbean (ECLAC). In: , , , . UN Commission for Latin America and the Caribbean (ECLAC), (doi: https://mobilizingdevfinance.org/research-material/productive-development-structural-change-and-international-capital-flows-role).
Working paper
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2023), Same old song: on the macroeconomic and distributional effects of leaving a low interest rate environment (Greenwich Papers in Political Economy #GPERC94). IPEFGA - Greenwich Papers in Political Economy. In: , , , . IPEFGA - Greenwich Papers in Political Economy, London (doi: ).
Botta, Alberto , Porcile, Gabriel, Spinola, Danilo, Yajima, Giuliano (2022), Financial integration, productive development and fiscal policy space in developing countries. Post-Keynesian Economic Society. In: , , , . Post-Keynesian Economic Society, UK (doi: https://www.postkeynesian.net/working-papers/2228/).
Botta, Alberto , Yajima, Giuliano, Porcile, Gabriel (2021), Structural change, productive development and capital flows: does financial “bonanza” cause premature de-industrialization?. Post-Keynesian Economic Society. In: , , , . Post-Keynesian Economic Society, USA (doi: http://www.postkeynesian.net/downloads/working-papers/PKWP2122.pdf).
Missaglia, Marco and , Botta, Alberto (2021), Central Bank’s power versus the tyranny of financial markets: liquidity preference and macroeconomic dynamics in a world of endogenous money. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: ).
Botta, Alberto and , Tippet, Ben (2020), The roots of a divided eurozone: rigid labour markets or asymmetric technology-macroeconomic regimes?. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: https://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2020), Fighting the COVID-19 emergency and re-launching the European economy: debt monetization and recovery bonds. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: https://www.gre.ac.uk/business/research/centres/gperc/pubreports/gperc-policy-briefs).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto (2019), When complexity meets finance: a contribution to the study of the macroeconomic effects of complex financial systems. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: https://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto , Caverzasi, Eugenio, Russo, Alberto, Gallegati, Mauro , Stiglitz, Joseph E. (2018), Inequality and finance in a rent economy. Business School. In: , , , . Business School, London (doi: https://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto , Tippet, Ben, Onaran, Özlem (2018), Divergence between the core and the periphery and secular stagnation in the Eurozone. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Caverzasi, Eugenio , Botta, Alberto, Capelli, Clara (2018), The endogeneity of money and the securitizing system. Beyond shadow banking. University of Greewich Business School. In: , , , . University of Greewich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto and , Tori, Daniele (2017), A critique to the expansionary austerity (part III): empirical counter facts beyond theoretical weaknesses. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto and , (2016), The theoretical inconsistency of the expansionary austerity doctrine (reprise): an extension to the long run. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto , Caverzasi, Eugenio, Tori, Daniele (2016), The macroeconomics of shadow banking. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc/pubreports/greenwich-papers-in-political-economy).
Botta, Alberto and , (2016), The theoretical weaknesses of the expansionary austerity doctrine. University of Greenwich Business School. In: , , , . University of Greenwich Business School, London (doi: http://www.gre.ac.uk/business/research/centres/gperc).