Prof. Dr. Andrei Guter-Sandu
Senior Associate Researcher
Macro-Financial Governance
–
mail
a.guter-sandu@globalclimateforum.org
address
Global Climate Forum e.V.
Neue Promenade 6
10178 Berlin, Germany
Short Profile:
Andrei is a political economist specialized in sustainable finance and public governance.
Since 2021, he has been a faculty member in the Department of Politics, Languages & International Studies (PoLIS) at the University of Bath, where he was appointed Associate Professor of International Political Economy (IPE) in 2026. In April 2023, he joined the OBFA-TRANSFORM project as a senior associate researcher.
From 2019 to 2021, he held an Economic and Social Research Council (ESRC) Postdoctoral Fellowship in the Centre for Analysis of Risk & Regulation (CARR) and the Department of Accounting at the London School of Economics and Political Science (LSE), where he analyzed the governance of innovative forms of private financing in the social policy sector. Before, and also at the LSE, he worked as a postdoc researcher on a large international project funded via the Open Research Area for the Social Sciences (ORA), where he investigated the privatization and economization of public services (prisons, universities, hospitals) in the UK.
Andrei holds a PhD in International Political Economy from City, University of London (2018); an MA in Postcolonial Studies and Global Policy from Goldsmiths’ College, University of London (2012); an AY in Value Studies from Bard College, Berlin (2011); and a BA in European Studies and Philosophy from the University of Bucharest, Romania (2010).
Peer-reviewed Publications:
Laudage Rexroth, Gregor, Armin Haas, Andrei Guter-Sandu, and Steffen Murau (2026), State Finance Beyond the Core Budget: Off-Balance-Sheet Fiscal Agencies in Germany’s Fiscal Ecosystem, Journal of Law and Political Economy
Reimer, Friederike Andrei Guter-Sandu, Armin Haas, and Steffen Murau (2026), Schrödinger’s Off-Balance-Sheet Fiscal Agency: The Recovery and Resilience Facility and the Limits to Incremental Fiscal Integration in Europe, Journal of European Integration
Guter-Sandu, Andrei, Armin Haas, and Steffen Murau (2024), Green Macro-Financial Governance in the European Monetary Architecture. Assessing the Capacity to Finance the Net-Zero Transition, Competition and Change, online first.
Murau, Steffen, Armin Haas, and Andrei Guter-Sandu (2024), Monetary Architecture and the Green Transition, Environment and Planning A: Economy and Space, 56 (2), pp. 382-401.
Guter-Sandu, Andrei (2022), Accounting Infrastructures and the Negotiation of Social and Economic Returns Under Financialization, Competition and Change,
Guter-Sandu, Andrei and Steffen Murau (2022), The Transformation of Eurozone Governance: Navigating Fiscal Discipline through Off-Balance Sheet Fiscal Agencies, New Political Economy,
Guter-Sandu, Andrei (2021), The Governance of Social Risks: Nurturing Solidarity through Social Impact Bonds? , New Political Economy,
Guter-Sandu, Andrei and Elizaveta Kuznetsova (2020) “Theorising Resilience: Russia’s Response to US and EU Sanctions”, East European Politics
OBFA-TRANSFORM Working Papers:
Guter-Sandu, Andrei (2026), Securitising System Costs: The United Kingdom’s Arm’s-Length Derisking Regime for the Green Transition, OBFA-TRANSFORM Working Paper No. 12-EN, Berlin: Global Climate Forum.
McEvoy, Olan, Fanny Chaltiel, Andrei Guter-Sandu, and Steffen Murau (2025), A Silent Revolution in the Suburbs. Off-Balance-Sheet Fiscal Agencies in U.S. Mortgage Finance, 1932-1981, OBFA-TRANSFORM Working Paper No. 11-EN.
McEvoy, Olan, Moritz Kapff, Andrei Guter-Sandu, and Steffen Murau (2025), Mind the MacMillan Gap. Off-Balance-Sheet Fiscal Agencies in Britain’s Post-War Industrial Financing, 1945-1973, OBFA-TRANSFORM Working Paper No. 10-EN, Berlin: Global Climate Forum.
Guter-Sandu, Andrei, Verena Gradinger, Olan McEvoy, and Steffen Murau (2025), From Stabilisation to Strategic Mobilisation. The Exchange Equalisation Account as a Wartime Off-Balance-Sheet Fiscal Agency, 1932-1945, OBFA-TRANSFORM Working Paper No. 9-EN, Berlin: Global Climate Forum.
Haas, Armin, Verena Gradinger, Andrei Guter-Sandu, and Steffen Murau (2025), Après le Déluge. Managing Balance Sheet Contraction after the First World War, OBFA-TRANSFORM Working Paper No. 8-EN, Berlin: Global Climate Forum.
Haas, Armin, Andrei Guter-Sandu, Olan McEvoy, Steffen Murau (2025), All Quiet on the Fiscal Front? Off-Balance-Sheet Fiscal Agencies in the German War Economy, 1914-1918, OBFA-TRANSFORM Working Paper No. 7-EN, Berlin: Global Climate Forum.
Reimer, Friederike, Andrei Guter-Sandu, Armin Haas, and Steffen Murau (2024), Schrödinger’s Off-Balance-Sheet Fiscal Agency. The Recovery and Resilience Facility and the Limits to Incremental Fiscal Integration in Europe, OBFA-TRANSFORM Working Paper No. 3-EN.
Haas, Armin, Friederike Reimer, Andrei Guter-Sandu, and Steffen Murau (2024), The Mefo Operation. A Macro-Financial Analysis of Camouflaged Sovereign Borrowing through Off-Balance-Sheet Fiscal Agencies, 1933-1945, OBFA-TRANSFORM Working Paper No. 2-EN, Berlin: Global Climate Forum.
Gregor Laudage, Armin Haas, Andrei Guter-Sandu, and Steffen Murau (2024), State Finance Beyond the Core Budget. Off-Balance-Sheet Fiscal Agencies in Germany’s Fiscal Ecosystem, OBFA-TRANSFORM Working Paper No. 1-EN, Berlin: Global Climate Forum.
Gregor Laudage, Armin Haas, Andrei Guter-Sandu, and Steffen Murau(2024), Staatsfinanzen jenseits des Kernhaushalts. Bilanzexterne Fiskalagenturen im deutschen fiskalischen Ökosystem, OBFA-TRANSFORM Working Paper Nr. 1-DE, Berlin: Global Climate Forum.
Book Chapters:
Murau, Steffen, Armin Haas, and Andrei Guter-Sandu (2025), Theorie der monetären Architektur und die Rolle des Staates in der Finanzierung der grünen Transformation, In Huhnholz, S., Sahr, A., and Weiler, E. (2025) Politische Theorien öffentlicher Finanzen Zur (De-)Politisierung von Geld, Eigentum und Steuern. Nomos.
