Außenansicht des D5 Gebäudes

REZAI Armon, Univ.Prof.Dr.




More Info

Welthandelsplatz 1/D5/level 3
1020 Vienna, Austria


Research Interest

  • Macroeconomics

  • Political economy

  • Climate change economics

  • Distribution and inequality

  • Environmental policy

  • Financialization

Current Projects

Recent Publications


  • Semieniuk, G., Taylor, L., Rezai, A. and D. Foley (2021) Plausible energy demand patterns in a growing global economy with climate policy, Nature Climate Change, forthcoming. preprint

  • Dietz, S., van der Ploeg, R., Rezai, A. and F. Venmans (2021). Are economists getting climate dynamics right and does it matter? Journal of the Association of Environmental and Resource Economists, forthcoming.


  • Mattauch, L., Matthews, H. D., Millar, R., Rezai, A., Solomon, S. and F. Venmans (2020). Steering the Climate System: Comment, American Economic Review, 110, 1231-37.

  • van der Ploeg, R. and A. Rezai (2020). Stranded Assets in the Transition to a Carbon-Free Economy, Annual Review of Resource Economics, 12, 281-298.

  • van der Ploeg, R. and A. Rezai (2020). The risk of policy tipping and stranded carbon assets, Journal of Environmental Economics and Management, 200, 102258. (media coverage: Financial Times)


  • Rezai, A. and R. van der Ploeg (2019). The Agnostic's Response to Climate Deniers: Price Carbon!, European Economic Review, 111, 70–84.

  • Taylor, L., Foley, D. and A. Rezai (2019). Demand drives growth all the way, Cambridge Journal of Economics, 43, 1333–1352.

  • Rezai, A. (2019). Review of Worst-Case Economics: Extreme Events in Climate and Finance, Journal of Economic Literature, LVII, 185-187.

  • van der Ploeg, R. and A. Rezai (2019). Simple rules for climate policy and integrated assessment, Environmental and Resource Economics, 72, 77–108.


  • Glötzl, F. and A. Rezai (2018). A net lending perspective on Europe, Cambridge Journal of Economics, 42, 3, 779-795.

  • Taylor, L., Rezai, A. and D. Foley (2018) Economic Growth, Income Distribution, and Climate Change, Ecological Economics, 146, 164-172.

  • van der Ploeg, R. and A. Rezai (2018). The Simple Arithmetic of Carbon Pricing and Stranded Assets, Energy Efficiency, 11, 627-639.


  • Rezai, A. and R. van der Ploeg (2017). Climate policies under climate model uncertainty: max-min and min-max regret, Energy Economics, 68, 4-16.

  • Rezai, A. and R. van der Ploeg (2017). Second-best climate policies to decarbonize the economy: commitment and the Green Paradox, Environmental and Resource Economics, 66, 409-434.

  • Crawford, B. and A. Rezai (2017). The Gold Standard, the Euro, and Leadership: A Cautionary Tale, German Society and Politics, 35, 77-104. preprint

  • Rezai, A. and R. van der Ploeg (2017). Abandoning Fossil Fuel: How much and how fast? Manchester School, 85, e16-e44.

  • van der Ploeg, R. and A. Rezai (2017). Cumulative emissions, untapped tapped fossil fuel and the optimal carbon tax, Technological Forecasting and Social Change, 116, 216-222.

  • Taylor, L., Rezai, A., Kumar, R., Barbosa, N. and L. Carvalho (2017). Wage Increases, Transfers, and the Socially Determined Income Distribution in the USA, Review of Keynesian Economics, 2, 259-275.

  • Rezai, A. and R. van der Ploeg (2016). Intergenerational inequality aversion, growth and the role of damages: Occam’s rule for the global carbon tax, Journal of the Association of Environmental and Resource Economics, 3, 493-522.

  • Rezai, A. and S. Stagl (2016). Ecological Macroeconomics: Introduction and Review, Ecological Economics, 121, 181-185.

  • Carvalho, L., Rezai, A. (2016). Personal income inequality and aggregate demand, Cambridge Journal of Economics, 40, 491-505.

  • Taylor, L. Rezai, A. and D. K. Foley (2016). An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth, Ecological Economics, 196-205.

  • Rezai, A. and R. van der Ploeg (2015). Robustness of a simple rule for the social cost of carbon, Economics Letters, 132, 48-55.

  • Rezai, A. (2015). Demand and Distribution in Integrated Economies, Cambridge Journal of Economics, 39:5, 1399-1414.

  • Karp. L. and Rezai, A. (2014). The Political Economy of Environmental Policy with Overlapping Generations, International Economic Review, 55(3), 711-733.

  • Glötzl, F., Marterbauer, M., Rehm, M., Rezai, A (2014). Finanzierungssalden und die Krise in Europa, in Dullien, S., Hein, E. and A. Truger (eds.): Makroökonomik, Entwicklung und Wirtschaftspolitik. Festschrift für Jan Priewe,Metropolis, Marburg, 263-277.

  • Stagl, S., Schulz, N., Kratena, K., Mechler, R., Pirgmaier, E., Radunsky, K., Rezai, A., Köppl, A. (2014). Transformationspfade. In: Österreichischer Sachstandsbericht Klimawandel 2014 (AAR14). Austrian Panel on Climate Change (APCC), Verlag der Österreichischen Akademie der Wissenschaften, Wien.

  • Foley, D.K., Rezai, A., Taylor, L. (2013). The social cost of carbon emissions, Economics Letters, 121, 90-97.

  • Rezai, A. (2013). Cycles of demand and distribution and monetary policy in the US economy, Journal of Post-Keynesian Economics, 36, 231-250.

  • Scrieciu, S., Rezai, A., Mechler, R. (2013). On the Economic Foundations of Green Growth Discourses: The Case of Climate Change Mitigation and Macroeconomic Dynamics in Economic Modelling, WIREs: Energy and Environment, 2, 251–268.

  • Rezai, A., Taylor, L., Mechler, R. (2013). Ecological Macroeconomics: An application to climate change, Ecological Economics, 85, 69-76.

  • Rezai, A. (2012). Goodwin Cycles, Distributional Conflict, and Productivity Growth, Metroeconomica, 63 (1), 29-39.

  • Rezai, A., Foley, D.K., Taylor, L. (2012). Global Warming and Economic Externalities, Economic Theory, 49, 329–351.

  • Rezai, A. (2011). The Opportunity Cost of Climate Policy: A Question of Reference, Scandinavian Journal of Economics, 113 (4), 885–903.

  • Semmler, W., Greiner, A., Diallo, B., Rajaram, A., Rezai, A. (2011). Fiscal Policy, Public Expenditure Composition, and Growth: Theory and Empirics, Aestimatio - the IEB International Journal of Finance, 2, 48-89 (also published as World Bank Policy Research Working Paper 4405).

  • Rezai, A. (2010). Recast the DICE and its Policy Implications, Macroeconomic Dynamics, 14 (S2) 275-289.