The latest updates from Rebuilding Macroeconomics

Dear Colleague,

Welcome to our May newsletter.

April was a special month for us in terms of conferences and publishing research papers.

Last week we drew to a close our three week Extended Problem Solving Workshop, a two day symposium and one day conference, all exploring the concept of Systemic Recovery. The line-up included Mark Carney, Gita Gopinath and Paul Krugman and many others and you can see the videos here.

We are extremely grateful to Matheus Grasselli at the Fields Institute in Canada and William Hynes at the New Approaches to Economic Challenges (NAEC) at the OECD for their leadership and support.

We have two events this month. First, in advance of the UK chairing the G7 Meeting on Economic Resilience we will have a workshop on the 11th May on Systemic Resilience, including Lord Sedwill Chair of the G7 Panel on Economic Resilience. Full details here.

On the 21st May we have presentations by the winners of our Complexity and Macroeconomics Competition. We had 26 excellent entries and thank you to everyone who took part. Further details will follow here.

We have published seven Working Papers (we only list the project Project Leader here).

We have two papers on incentives and social networks in academic macroeconomics by Danielle Guizzo Assessing the Impact of the Research Excellence Framework (REF) on UK Academic Macroeconomists and Carlo D’Ippoliti: Scientific and professional ties as determinants of citations among UK economists.

Then there are three papers on information and co-ordination. Sayantan Ghosal published Partial Consensus in Large Games and Markets and Anxiety, Expectations Stabilization and Intertemporal Markets: Theory Evidence and Policy and Mingli Chen Deep Reinforcement Learning in a Monetary Model.

Finally, we have two papers on sustainability and macroeconomic transformation by Jean-Francois Mercure and Andrew Jarvis Stranded Human and Produced Capital in a Net-Zero Transition and Marion Dumas on Green Product Cycles.

All information and videos of past conferences are on our homepage or can be found by clicking on the links. If you would like to join any of our events, please ask Richard at r.arnold@niesr.ac.uk

Thank you for your support and best wishes,

Angus Armstrong
Director, Rebuilding Macroeconomics

Please spread the word if you know friends and colleagues who would like to engage with Rebuilding Macroeconomics by forwarding this newsletter and invite them to subscribe here. You can follow all of our news through our website, www.rebuildingmacroeconomics.ac.uk, on Twitter and YouTube.

The Covid 19 pandemic illustrates the tight interconnectedness of our social and economic systems. As communities strive towards a more optimistic future, one core question has emerged: how can the recovery be supported, while at the same time safeguarding our social and economic systems against future stresses that will inevitably occur? Stabilisation measures are very necessary, but they can become permanent and may even obscure the need for deeper and more complex underlying changes. This may leave economies more, rather than less, vulnerable and with less capacity to respond to future shocks.

This session will be chaired by William Hynes, with five speakers including Lord Sedwill, Erica Thompson, Igor Linkov, Anneke Schmider and Angus Armstrong.

Registration via email to r.arnold@niesr.ac.uk and further programme details here.

We are delighted to announce the three winning papers of our Complexity and Macroeconomics Prize Competition on May 21, 2021. We invite you to join our virtual conference and the winning paper presentations.

Registration details here.

Final Project Output:

Working Paper: Assessing the Impact of the Research Excellence Framework (REF) on UK Academic Macroeconomists

Final Blog Post (here)

Final Project Output:

Working Paper I: Partial Consensus in Large Games and Markets
Working Paper II: Anxiety, Expectations Stabilization and Intertemporal Markets: Theory, Evidence and Policy

Final Blog Post (here)

Final Project Output:

Working Paper I: Deep Reinforcement Learning in a Monetary Model

Final Blog Post (here)

Final Project Output:

Working Paper I: Stranded Human and Produced Capital in a Net-Zero Transition

Final Blog Post (here)

Final Project Output:

Working Paper I: G reen Product Cycles

Final Blog Post (here)

All our resources are now easily accessible through our homepage, including the recordings of our past events, the final outputs of our projects, working and discussion papers.

Events:

Completed Research Projects: