Personal profile
Research
I am interested in the role of central banks in the evolution of capitalism. I take a particular interest monetary policy and financial regulation, and the extent to which policies and practices in this area contribute in the best way possible to stability and sustainability.
Another core interest is global economic governance in the shape of efforts to reform and strengthen the international financial architecture, with a particular focus on role played by international organizations such as the World Bank and the International Monetary Fund (IMF), but also by more informal and less representative bodies, such as the G20, the Financial Stability Board (FSB) and the NGFS (Network for Greening the Financial System).
Last but not least, as a third layer of interest, I investigate how central banks and international financial institutions (such as the World Bank and the IMF) are themselves governed, through formal mandates and practices of representation in combination with informal mechanisms of accountability.
I address these different research interests drawing on historical institutionalism, institutional economics, and governance theory.
Teaching
My teaching activities and interests:
- Institutional Economics
- International Public Economics
- Global Political Economy
- History and Politics of Money and Finance
- History of Economic Thought
- Modern Economic History
I have take particular interest in supervising projects that engages with economic discourse from a constructivist perspective.
Management and Cooperation
I have experience with research management from the Danish Institute for International Studies (DIIS), where I headed the research group on global political economy and from Roskilde University, where I co-founded and headed the research group on Economic Policy, Institutions and Change (EPIC). I am currently Head of Studies for Socio-Economics at Roskilde University.
Contributing to policy debates in Denmark and abroad is an important, personal objective. I have written more than 15 op-eds for leading international media (Financial Times, New York Times, etc) and more than 60 op-eds for Danish media (Information, Weekendavisen, Berlingske, Politiken, Jyllands-Posten).
Keywords
- Economics, Politics
- Global Political Economy
- Governance
- Institutional Economics
- Economic sociology
- Financialization
- International Organizations
- Green transition
- Inequality
- Governmentality
- Monetary Policy
- Financial Regulation
- Green Central Banking
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 4 Quality Education
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SDG 8 Decent Work and Economic Growth
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SDG 10 Reduced Inequalities
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SDG 13 Climate Action
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SDG 16 Peace, Justice and Strong Institutions
Research output
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Discipline in the global economy? international finance and the end of liberalism
Vestergaard, J., 2009, London: Routledge.Research output: Book/Report › Book › Research › peer-review
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Green central banking: reorienting finance through a recalibration of monetary policy
Vestergaard, J., 2024, In: Climate Policy. 24, 7, p. 924-933 10 p.Research output: Contribution to journal › Comment/debate › Research › peer-review
Open AccessFile6 Link opens in a new tab Citations (Scopus)130 Downloads (Pure) -
Should central bank liquidity be a vehicle for fiscal disciplining?
Vestergaard, J. & Gabor, D., 2 May 2022, In: Cambridge Journal of Economics. 46, 3, p. 491-509 19 p.Research output: Contribution to journal › Journal article › Research › peer-review
Open AccessFile5 Link opens in a new tab Citations (Scopus)80 Downloads (Pure) -
Protecting power: How Western States Retain Their Dominant Voice in the World Bank's Governance
Vestergaard, J. & Wade, R., 2015, Rising Powers and Multilateral Institutions. Palgrave MacmillanResearch output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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The I.M.F. needs a reset
Wade, R. H. & Vestergaard, J., 4 Feb 2014, In: The New York Times.Research output: Contribution to journal › Contribution to newspaper - Newspaper article
Projects
- 1 Finished
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The Bank -Sovereign Nexus In Europe (BASON): Planning for growth, de-risklng the future?
Vestergaard, J. V. (Project manager) & Gabor, D. (Project participant)
05/01/2018 → 18/03/2020
Project: Research
Press/Media
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Skal grønne lån være billigere end sorte? Det siger Macron
05/01/2024
1 item of Media coverage
Press/Media: Press / Media
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RUC vil uddanne økonomer, der er i stand til at løse klimakrisen
27/10/2021
1 item of Media coverage
Press/Media: Press / Media
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RUC vil uddanne grønne økonomer, der skal udfordre de økonomiske modeller
Vestergaard, J., Jespersen, J. & Jensen, C.
19/10/2021
1 item of Media coverage
Press/Media: Press / Media
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Folketinget tillader ny version af udskældte lån, der medvirkede til finanskrisen
26/10/2018
1 item of Media coverage
Press/Media: Press / Media
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Folketinget tillader ny version af lån, der medvirkede til finanskrise
25/10/2018
2 items of Media coverage
Press/Media: Press / Media