In this project I have developed models for understanding asset price booms and busts and their implications for the macroeconomy. The project makes two main contributions:| Rebuild Macro
Angus Armstrong explains why restoring productivity growth requires institutions that promote knowledge sharing and societal engagement...| Rebuild Macro
William Hynes “You know economists; they’re the sort of people who see something works in practice and wonder if it would work in theory”...| Rebuild Macro
Angus Armstrong Polycrisis refers to a world of multiple overlapping crises, possibly beginning in different domains – think financial,...| Rebuild Macro
Maxim Gusev and Dimitri Kroujiline Macroeconomic models rarely make explicit how people actually interact. When this is explicitly...| Rebuild Macro
A Sovereign Debt Composition Perspective on The Great Financial Crisis, the Taper Tantrum and COVID-19 By Serkan Arslanalp (IMF),...| Rebuild Macro
by Ivan Boldyrev In the midst of a pandemic, economic knowledge is a crucial factor in formulating meaningful policy responses both short...| Rebuild Macro
Kate Bayliss, Ben Bowles and Elisa Van Waeyenberge Successive governments have attached considerable weight to infrastructure spending....| Rebuild Macro
by Carlo D’Ippoliti Other social scientists accuse economists of picturing human beings as anti-social egoistic individuals – and of...| Rebuild Macro
Research evaluation exercises and metrics are an inherent part of academic life. But how do they affect individual research decisions, as...| Rebuild Macro
By Mingli Chen (University of Warwick), Andreas Joseph* (Bank of England), Michael Kumhof* (Bank of England), Xinlei Pan (UC Berkeley),...| Rebuild Macro
by Francesco Carbonero, Jeremy Davies, Ekkehard Ernst, Sayantan Ghosal, Leaza McSorley “It is certain that a large part of what we...| Rebuild Macro
by Marion Dumas Does the environmental concern of consumers stimulate firms to innovate and offer more sustainable products? Once...| Rebuild Macro
The concept of stocks and flows feels like a rare fragment of economic solidity in a sea of conceptual turbulence. Things flow, and these...| Rebuild Macro
by Claudius Gräbner and Jakob Hafele With its recently proposed €750bn recovery and resilience facility the EU aims to tackle the adverse...| Rebuild Macro
Portsmouth, The Northern City on the South Coast by Jo Blanden, Héctor Espinoza, Sandra McNally and Guglielmo Ventura In Boris Johnson’s...| Rebuild Macro
by Patricia Andrews Fearon & David Good Back in 2004, game designer Matt Leacock and his wife had a problem. As much as they enjoyed...| Rebuild Macro
by Steven Bosworth It is a strange time to be writing this. Joe Biden’s supporters are eagerly awaiting his imminent declaration as...| Rebuild Macro
Innovation and influence of applied economists in the new discourse on macro-finance by Matthias Thiemann The transatlantic financial...| Rebuild Macro
by David Sloan Wilson One of the most venerable visual metaphors of evolutionary theory is the multi-peaked adaptive landscape, where...| Rebuild Macro
by Michael Hatcher Empirical evidence shows that house price busts are less frequent than equity price busts, but last about twice as long, with severe consequences for the macroeconomy. In a typical house price bust, the economy loses around 10% of GDP, with both consumption and investment taking a hit. It is not surprising, therefore, that housing and the macroeconomy is high on policymakers’ agenda.In my Rebuilding Macroeconomics project I have developed a joint model for understanding h...| Rebuild Macro
Rebuilding Macroeconomics sees the economy as a living system for creating and using knowledge, often embedded in goods and services. Our emphasis on knowledge makes clear that we live in a world of fundamental uncertainty. Yet far from being powerless to act, it is our ability to harness uncertainty which makes us such a resourceful species.| Rebuild Macro
Professor Steve Keen - With the simple insight that “labour without energy is a corpse, and capital without energy is a sculpture...| Rebuild Macro