News

Jakub Steiner Appointed Editor of the Review of Economic Studies

10 June, 2025

We are proud to share that Jakub Steiner has been appointed as an editor of the Review of Economic Studies (ReStud), one of the most prestigious academic journals in economics and part of the discipline’s globally recognized Top 5.

Previously, Jakub served as an associate editor at both ReStud and the American Economic Review (AER), where he helped evaluate and guide submissions through the peer-review process. In his new editorial role, Jakub will help shape the journal’s direction, deciding which research appears in its pages—effectively influencing the global economics research agenda.

Jakub Steiner is a Senior Researcher at CERGE-EI and a Full Professor at the University of Zurich. His research focuses on economic theory and game theory, particularly on behavior in strategic settings—such as currency crises, bank runs, and revolutions—where self-fulfilling expectations play a crucial role. His work has been published in leading journals including the American Economic Review, Econometrica, Journal of Economic Theory, and Theoretical Economics.

His recent paper, “Growth and Redistribution: The Hedging Perspective,” co-authored with Larry Samuelson (Yale University) and published in American Economic Review: Insights, presents an innovative perspective on the connection between redistribution and economic growth. The research, supported by a European Research Council (ERC) grant, draws from investment theory that focuses on growing wealth over time. The authors find that the best way to support long-term growth is to shift some wealth from individuals who have been unusually successful to those who have not performed as well—not because of fairness or inequality, but because it helps the economy grow faster: “If we don't know which children will be the next Einsteins, then redistribution of wealth helps macroeconomic growth, just as diversification of investments helps personal wealth grow,” explains Jakub.

Interestingly, this approach assumes that people’s success isn't strongly tied to their starting wealth. Instead, it focuses on correcting short-term imbalances between what people started with and what they ended up with. The study shows that separating how we think about growth from how we think about wealth circulation can still lead to the most effective policies for long-term prosperity.

Jakub’s appointment to the editorial board of one of the Top 5 journals—alongside AER, Econometrica, Journal of Political Economy, and Quarterly Journal of Economics—is an outstanding recognition of his contributions to economic theory and a proud moment for the CERGE-EI community.

We warmly congratulate Jakub.