Professor Özlem Onaran

Teaching and administrative activities

• Director of Greenwich Political Economy Research Centre
• Co-Director of the Institute of Political Economy, Governance, Finance and Accountability
• International Macroeconomics, MSc Business and Financial Economics, Course Leader
• Dissertations Workshop, MSc Business and Financial Economics
• Labour Economics, BSc Economics, Course Leader
• MPhil/PhD supervision

MPhil/PhD supervision

• 1^st Supervisor, Ben Tippet, "Causes and consequences of wealth concentration", 2019-, University of Greenwich
• 1^st Supervisor,  Stephanie Manea, "The impact of fiscal policy, income and wealth distribution, and financilisation on growth", 2018-, University of Greenwich
• 1^st Supervisor,  Sherko Sueily, "The impact of trade on job losses, wages and inequality in UK manufacturing" 2016-, University of Greenwich
• 1st Supervisor, Thomas Obst, The interaction of income distribution, aggregate demand and economic growth in the context of European imbalances, 2013-2016, University of Greenwich
• 1st Supervisor, Shanaz Sumra, Prospects for growth with equality in sub-Saharan Africa in the age of globalization, 2013-2016, University of Greenwich
• 1st Supervisor, Daniele Tori, The Effects of Financialisation on Growth and Distribution, 2013-2016, University of Greenwich
• 1st Supervisor, Evrydiki Fotopoulou, The role of gender equality in sustainable development strategy, 2014-2018, University of Greenwich
• 1st Supervisor, Alexander Guschanski, "The causes of falling wage share and prospects for growth with equality in a globalized economy" 2015-2018, University of Greenwich
• 2nd supervisor, (with Dr. Hawkes), Sridevi Yerrabati, "FDI and Corporate Governance in Middle Income Countries", 2012-2014, University of Greenwich
• 3rd supervisor, (with Professor Greer), Maria Mantynen, "Reining in the European Welfare State – the Case of Finland", 2013-, University of Greenwich

• Excellence in Research Award, University of Greenwich, Faculty of Business, 2015
• October 2005 Dr. Heinz-Kienzl Prize, Austrian National Bank (€20000)
• May 2004 Young Economist Award, Austrian Economic Association (€700)
• May 2004 Academy of Science of Turkey, Young Scientist Award (€1500)
• Feb–Dec 2000 Post-Doctoral Research Grant, Istanbul Technical University ($12000)

• Invited by Nobel Laureate Prof. Stiglitz to the Taskforce on Employment and presented their joint research withDr. Cem Oyvat  at the meeting on Employment Prospects in Developing Countries: Implications of Technological and Demographic Trends at the Columbia University in New York on 12-13 January 2023.
• Invited to the advisory board of the Citizens' Economic Council on the cost of living
• Invited to give evidence to the public inquiry on Quantitative Easing by the House of Lords Economics Affairs Committee, 9 February 2021
• Council Member, Progressive Economy Forum, 2022
• Member of the Scientific Committee of the Foundation of European Progressive Studies
• Member of the Debt Truth Committee of the Hellenic Parliament
• Associate editor, Competition and Change
• Member of the Editorial Board, European Journal of Economics and Economic Policies
• Member of the Scientific Advisory Board of the Hans Boeckler Foundation, 2014-
• Member of the Policy Advisory Group of the Women's Budget Group, UK, December 2013-
• Member of the Coordinating Committee of the Research Network Macroeconomics and Macroeconomic Policies, 2009-present
• Member of the Organizing Committee of the Post-Keynesian Study Group, 2012-
• Research Associate of the Political Economy Research Institute, University of Massachusetts, 2007-present
• Fellow of the Global Labour University, 2010-present
• Research Fellow of the Economic Research Forum for Arab Countries, Iran and Turkey, 2011-present
• Member of Economists for Rational Economic Policies (EREP)

Özlem Onaran's research areas include globalization, crisis, income distribution, wage-led growth, employment, investment, development, and gender. Özlem's research has recently focused on five issues:

(1) the interaction of income distribution, demand, and growth,

(2) financial crises and distributional consequences,

(3) the effects of international trade and foreign direct investment on wages, employment, and investment,

(4) the gender effects of international trade and economic crisis,

(5) the effects of globalisation on the welfare states.

Özlem has articles in books and journals such as Cambridge Journal of Economics, World Development, Environment and Planning A, Public Choice, Economic Inquiry, European Journal of Industrial Relations, International Review of Applied Economics, Structural Change and Economic Dynamics, Review of Political Economy, and Eastern European Economics.

Özlem's research has been funded by the International Labour Office, Institute for New Economic Thinking, Foundation of European Progressive Studies, Austrian Science Fund, Austrian National Bank, Vienna Chamber of Labour, Korea Institute for Health and Social Affairs, Friedrich Ebert Foundation, Economic Research Forum for Arab Countries, Iran and Turkey, and the Academy of Science of Turkey.

Recent projects

• The effects of public investment in the green and care economy on employment in emerging
  economies”, funded by the International Trade Union Confederation (ITUC), PI, 2022  https://www.ituc-csi.org/IMG/pdf/public_spending_infrastructure_en_v2.pdf
• A shorter working week as part of a green, caring economy”, funded by the Women’s Budget Group and Women’s Environmental Network, PI, 2021
• The impact of financialisation on investment in developing and developed countries”, funded by the UNCTAD, PI, 2016
• The Effect of Gender Equality and Fiscal Policy on Growth and Employment: The case of South Korea" funded by Hewlett Foundation and American University, Oyvat, C. and O. Onaran (Co-I), 2019.
• The effects of income, gender and wealth inequality and economic policies on macroeconomic performance in the UK funded by the Rebuilding Macroeconomics Network/ESRC.
• The Care Economy and Gender-Sensitive Macroeconomic Modelling for Policy Analysis, funded by the Hewlett Foundation.
• Özlem's new INET project on "The Causes of Falling Wage Share and Prospects for Growth with Equality in a Globalised Economy"
• Ozlem's project on An investment and equality-led sustainable growth programme for Europe with FEPS, ECLM and TASC
• Özlem's recent project for the ILO on "Is aggregate demand wage-led or profit-led? National and global effects".
• A recent Policy Paper on "State intervention for wage-led development" was published by the Centre for Labour and Social Studies (CLASS).
• Özlem's new project on "Wage-led growth in Europe" for FEPS
• Özlem's work has provided input to the L20 statement at the 2014 G20 meeting: "The Case for a Coordinated Policy Mix of Wage-led Recovery and Public Investment in the G20". These results have been presented to the Labour Ministers meeting of the G20 on 10 September 2014 and have been covered in the media by Sky News, Herald Sun, The Australian Business Review, NTnews and Mpeg Media.
• A video with Özlem on wage-led growth speaking at the Trade Union Advisory Committee (TUAC) to the OECD

A recent blog piece and an interview on the report "Planet Earth is Wage-Led:declining wage shares and growth".

• "Özlem's Project on "Working for the economy: the economic case for trade unions", for Union21 together with NEF

• Keynote speech at the plenary of the Forum for Macroeconomics and Macroeconomic Policies Annual Conference on "Synthesizing feminist and post-Keynesian economics for a purple green red transition" Video at https://youtu.be/JSWm0533pFY.
• Ozlem's Webinar on Rebuilding an economy for all in the aftermath of the Covid-19 pandemic: Investing in social infrastructure and equality
• Ozlem's podcast on her ESRC project: Inequality in the UK
• Ozlem spoke at the Fabian Society Annual Conference on 19 January 2019 in London.
• Ozlem spoke at the BBC on the economic crisis and interest rate increase in Turkey on 13.9.2018 at 8.30am at Business Live.
• Ozlem's interview at the South Korean radio KBS on President Moon administration's income led growth policy in the context of US-China trade wars
• Ozlem spoke at the Korea Development Institute Conference assessing the first year of "Income-led Growth Policies of Moon Administration: Evaluation and Challenges" on 29 June 2018 in Seoul.
• Ozlem's interview in the Korean daily newspaper, Hankyoreh, on 13 October 2017 with the headlines "Distribution is not the result of the growth, but the source of the growth" and "when wage is raised, productivity will also be raised".
• Ozlem's video for the Fabian Society on Reverting income inequality –a win-win for people and economic performance.
• Ozlem spoke at the State of the Economy Conference of the Shadow Chancellor (2018, 2016)
• Ozlem spoke at the Labour Party South East Regional Economics Conference.
• Ozlem spoke at the Shadow Chancellor's The Future of the Finance Sector Conference at Bloomberg
• Ozlem spoke at the Cross-government Network Exploring Economics, Department of Work and Pensions, 25 April 2018
• Ozlem Onaran's video on Gender Equality and Gender Aware Economic Policy for Growth and Development, Helsinki, 22 May 2017
• Ozlem Onaran's speech at the European Parliament: "Saving Europe: Equality and investment led recovery" 6 December 2016
• Ozlem Onaran on wage-led growth in South Korea on the Korean radio programme This Morning, 30 March 2016
• The Irish Times, 19 June 2015, Lower wages cause economic drag
• Keynote at the FMM Conference on The Spectre of Stagnation? Europe in the World Economy in Berlin, 24 October 2015
• Ozlem's interview at BBC4 and BBC World news on 17 July 2015 at 7pm on the German parliament's decision on the Greek bailout negotiations

• Interview at BBC World 28 June 2015 1pm News
• Professor Özlem Onaran has been invited by the President of the Hellenic Parliament, Zoe Konstantopoulou, to join the Debt Truth Committee, which has been recently set up as a special committee of the Parliament. Here is a piece Ozlem has written for Social Europe on the Greek Debt Truth Committee and the video of her talk at the Hellenic Parliament.
• The press conference to which Ozlem Onaran has participated at the Hellenic Parliament (in Greek)
• Ozlem Onaran's speech at the launch of the report of the Truth Committee on Public Debt on 18 June 2015 (in Greek)
• Ozlem Onaran talk at Rethinking Economics, "Must we pay our debts?" 28 June 2015
• Telesur 29 June 2015
• Radio Popolare (in Italian) 2 July 2015
• Cumhuriyet, 12 July 2015 (in Turkish)
• Özlem has talked to Share Radio on the Greek Debt Crisis
• Ozlem Onaran's recent article on the report of the Truth Committee on Public Debt in Greece

Blogs

Oyvat, C., Onaran, O., Tax wealth and profit income to fund social care and healthcare, Oct 2021, Policy Brief for Women's Budget Group

Onaran, Oyvat, Fotopolou A purple, green and red new deal after the Covid-19, 6 May 2021, Policy Brief for Women’s Budget Group

Onaran, Oyvat, Fotopolou, Equitable Sustainable Development in the Uk: A purple green red new deal, RES, EQUITABLE SUSTAINABLE DEVELOPMENT IN THE UK: A purple green red new deal (res.org.uk)

Onaran, Oyvat, Fotopolou, A new social contract for the UK post-COVID-19, LSE, A new social contract for the UK post-COVID-19 | LSE Business Review

Where are women in macroeconomic models? Rebuilding Macroeconomics Network

Class

· Fabian Society

· The Global Labour University

· LSE

· Social Europe