Staff profile

Thomas received his DPhil (PhD) from the University of Oxford, under supervision of Nobel Laureate Sir James A. Mirrlees.

Thomas is the Director of our Politics, Philosophy and Economics (PPE) programmes. He teaches MSc Advanced Macro, Public Choice, and Public Economics, and undegratuate Public Economics. Thomas is Senior Fellow of the Higher Education Academy. For more information, including CV, and PhD supervision.

visit Thomas' home page>>

Prospective PhD students are welcome to contact him directly.

Thomas' blog>>

 

• Energy Economics
• Green Finance and Socially Responsible Investment
• Optimal taxation and public economics in general (especially dynamic taxation)
• Endogenous Policy (political aspects of economic policy and public finance)
• Environmental economics
• Endogenous firm objectives
• Population economics

• 2019: Plenary talk at the Sustainable Development Goals & Governance Workshop:
• 2019: Plenary talk at The Bangladesh Energy Summit:
• 2018: Scientific Committee Member, Conference on Socially Responsible Investments:
• 2017: Plenary talk at Jean Monnet Project conference - 'Socially Responsible Investments: An International Perspective':
• 2014: Scientific Committee Member, Annual Conference of the Money, Macro, and Finance Research Group (MMF):
• 2014: Scientific Committee Member, Annual Congress of the International Institute for Public Finance (IIPF):
• 2006: Plenary talk to the Politeia Conference: "Poverty or Prosperity: What tax is best for a flourishing future?", Politeia, London, July 2006.
• 2005: Co-organiser of the European Public Choice Society Annual Conference: Durham 31 March- 3 April 2005
• 2005: The Gosnell Lecture, Rochester Institute of Technology: Rochester, USA, 2005 Title: Political Economy of Taxation.
• 2002: Visiting Assistant Professor of Political Economy, Rochester: University of RochesterW. Allen Wallis Institute of Political Economy
• 2002: Main organiser of the CEPR-IHS conference Dynamic Aspects of Policy Reforms: Vienna 27-29 September 2002
• 2001: Main organiser of the CEPR-EPRU conference on Dynamic Aspects of Public Expenditure: Copenhagen 28-30 September 2001
• 2000: Senior Fellow of Higher Education Academy:
• 2000: Associate Editor, Bulletin of Economic Research:
• 2000: Associate Editor, Review of Business and Economics Studies:

Chapter in book

• Theory of Socially Responsible Investment: A Review
  
  Marsiliani, L., Naga, L., Renström, T. I., & Spataro, L. (2023). Theory of Socially Responsible Investment: A Review. In L. Spataro, M. C. Quirici, & G. Iermano (Eds.), ESG Integration and SRI Strategies in the EU (pp. 11-45). Palgrave MacMillan (Springer). https://doi.org/10.1007/978-3-031-36457-0_2
• The Vulnerability to Oil Price Shocks of the Bangladesh Economy
  
  Amin, S., Marsiliani, L., Renström, T., & Taghizadeh-Hesary, F. (2022). The Vulnerability to Oil Price Shocks of the Bangladesh Economy. In F. Taghizadeh-Hesary & D. Zhang (Eds.), The Handbook of Energy Policy. Springer Verlag. https://doi.org/10.1007/978-981-16-9680-0_36-1
• The Case of Waste to Energy in Bangladesh
  
  Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., & Renstrom, T. (2022). The Case of Waste to Energy in Bangladesh. In L. Arthur, M. Hughes, & D. Hondo (Eds.), Prospects for Transitioning from a Linear to Circular Economy in Developing Asia (pp. 127-144). Asian Development Bank Institute.

Conference Paper

• Political institutions and redistribution.
  
  Renstrom, T. (2002). Political institutions and redistribution. Presented at Proceedings of the 2002 North American Summer Meetings of the Econometric Society: Economic Theory, US.

Journal Article

• Optimal Sovereign Debt Relief and Exclusion with Unobservable Physical Capital
  
  Marsiliani, L., Renström, T. I., & Yaisawang, N. (2024). Optimal Sovereign Debt Relief and Exclusion with Unobservable Physical Capital. Theoretical Economics Letters, 14(1), 321-349. https://doi.org/10.4236/tel.2024.141018
• Decarbonisation Policies and Energy Price Reforms in Bangladesh
  
  Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., & Renström, T. (2022). Decarbonisation Policies and Energy Price Reforms in Bangladesh. Energy Policy, 170, Article 113224. https://doi.org/10.1016/j.enpol.2022.113224
• Captive Power, Market Access and Macroeconomic Performance: Reforming the Bangladesh Electricity Sector
  
  Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., Renström, T., & Sarkar, A. (2021). Captive Power, Market Access and Macroeconomic Performance: Reforming the Bangladesh Electricity Sector. Energy Economics, 102, Article 105468. https://doi.org/10.1016/j.eneco.2021.105468
• Optimal taxation in an endogenous growth model with variable population and public expenditure
  
  Renström, T., & Spataro, L. (2021). Optimal taxation in an endogenous growth model with variable population and public expenditure. Journal of Public Economic Theory, 23(4), 639-659. https://doi.org/10.1111/jpet.12515
• Can subsidies rather than pollution taxes break the trade-off between economic output and environmental protection?
  
  Renström, T. I., Spataro, L., & Marsiliani, L. (2021). Can subsidies rather than pollution taxes break the trade-off between economic output and environmental protection?. Energy Economics, 95, Article 105084. https://doi.org/10.1016/j.eneco.2020.105084
• Combining Private and Public Resources: Captive Power Plants and Electricity Sector Development in Bangladesh
  
  Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., & Renstrom, T. (2021). Combining Private and Public Resources: Captive Power Plants and Electricity Sector Development in Bangladesh. Emerging Markets Finance and Trade, 57(14), 3891-3912. https://doi.org/10.1080/1540496x.2019.1703107
• Optimal sin taxes in the presence of income taxes and health care
  
  Marsiliani, L., Renstrom, T., & Wang, J. (2020). Optimal sin taxes in the presence of income taxes and health care. Economics Letters, 186, Article 108767. https://doi.org/10.1016/j.econlet.2019.108767
• Population Growth: A Pure Welfarist Approach
  
  Renström, T., & Spataro, L. (2019). Population Growth: A Pure Welfarist Approach. Journal of Public Economic Theory, 21(1), 135-166. https://doi.org/10.1111/jpet.12337
• Optimal taxation, environment quality, socially responsible firms and investors
  
  Renstrom, T., Spatarom, L., & Marsiliani, L. (2019). Optimal taxation, environment quality, socially responsible firms and investors. International Review of Environmental and Resource Economics, 13(3-4), 339-373. https://doi.org/10.1561/101.00000112
• The Impacts of Fossil Fuel Subsidy Removal on Bangladesh Economy
  
  Amin, S., Marsiliani, L., & Renström, T. (2018). The Impacts of Fossil Fuel Subsidy Removal on Bangladesh Economy. The Bangladesh Development Studies, 41(2), 65-81.
• Population Growth and human capital: a Welfarist Approach
  
  Renström, T., & Spataro, L. (2015). Population Growth and human capital: a Welfarist Approach. Manchester School, 83(S2), 110-141. https://doi.org/10.1111/manc.12110
• Optimal taxation, critical-level utilitarianism and economic growth
  
  Spataro, L., & Renstrom, T. (2012). Optimal taxation, critical-level utilitarianism and economic growth. Journal of Public Economics, 96(9-10), 727-738. https://doi.org/10.1016/j.jpubeco.2012.05.001
• The optimum growth rate for population under critical-level utilitarianism
  
  Renström, T., & Spataro, L. (2011). The optimum growth rate for population under critical-level utilitarianism. Journal of Population Economics, 24(3), 1181-1201. https://doi.org/10.1007/s00148-010-0348-2
• Optimal dynamic labor taxation
  
  Basu, P., & Renström, T. (2007). Optimal dynamic labor taxation. Macroeconomic Dynamics, 11(5), 567-588. https://doi.org/10.1017/s1365100507060221
• Political institutions and economic growth
  
  Marsiliani, L., & Renstrom, T. (2007). Political institutions and economic growth. Economics of Governance, 8(3), 233-261. https://doi.org/10.1007/s10101-007-0038-z
• The role of government commitment for environmental policy and capital movements
  
  Marsiliani, L., & Renström, T. (2006). The role of government commitment for environmental policy and capital movements. BE Journal of Macroeconomics, 6(3), Article 8. https://doi.org/10.2202/1534-5998.1229
• Optimal dynamic taxation with indivisible labour
  
  Basu, P., Marsiliani, L., & Renström, T. (2004). Optimal dynamic taxation with indivisible labour. Manchester School, 72(s1), 34-54. https://doi.org/10.1111/j.1467-9957.2004.00418.x
• Endogenous firm objectives
  
  Renstrom, T., & Yalcin, E. (2003). Endogenous firm objectives. Journal of Public Economic Theory, 5(1), 67-94. https://doi.org/10.1111/1467-9779.00122
• Time Inconsistency in Environmental Policy: Tax Earmarking as a Commitment Solution
  
  Marsiliani, L., & Renstrom, T. I. (2000). Time Inconsistency in Environmental Policy: Tax Earmarking as a Commitment Solution. The Economic Journal, 110(462). https://doi.org/10.1111/1468-0297.00525
• Endogenous Taxation: An Overlapping Generations Approach
  
  Renstrom, T. I. (1996). Endogenous Taxation: An Overlapping Generations Approach. The Economic Journal, 106(435), 471-482. https://doi.org/10.2307/2235261

Report

• The Role of Captive Power Plants in the Bangladesh Electricity Sector
  
  Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., & Renström, T. (2021). The Role of Captive Power Plants in the Bangladesh Electricity Sector.

Working Paper

• Tax Reform, Unhealthy Commodities and Endogenous Health
  
  Wang, J., Marsiliani, L., & Renstrom, T. (2017). Tax Reform, Unhealthy Commodities and Endogenous Health.