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Welcome to the Rebuild Macro Blog
Stories and articles made for people who want to rebuild.


May 18, 20213 min read
What Do Policymakers Have to Say?
by Ivan Boldyrev In the midst of a pandemic, economic knowledge is a crucial factor in formulating meaningful policy responses both short...
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Apr 22, 20214 min read
Artificial Intelligence in a Monetary Model
By Mingli Chen (University of Warwick), Andreas Joseph* (Bank of England), Michael Kumhof* (Bank of England), Xinlei Pan (UC Berkeley),...
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Mar 18, 20212 min read
Who is Leading the Change?
Innovation and influence of applied economists in the new discourse on macro-finance by Matthias Thiemann The transatlantic financial...
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Feb 19, 20214 min read
Psychological Origins of Market Instability
by Nick Chater, Adam Sanborn, Zhu Jianqiao and Jake Spicer The behaviour of financial markets is, of course, notoriously capricious. Who...
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Dec 21, 20204 min read
Cultures of Model Use
by Ekaterina Svetlova The Economist (14 November 2020) highlighted the, sometimes tetchy, debate between epidemiologists and economists...
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Oct 20, 20205 min read
Third Annual Conference: Understanding Social Macroeconomics
If we were to choose two words to summarise, they would be ‘social’ and ‘interaction’ between people...
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Aug 27, 20204 min read
Ethical Guidance for Systemic Risk
by Fabian Schuppert -- The emergence of COVID19 in small corner of our complex global food network and transmitted via human contamination..
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Aug 7, 20203 min read
How to Stabilize the Economy in the Presence of a Pro-Cyclical Banking System?
Yuemei Ji & Paul De Grauwe - A number of pro-cyclical features in the behaviour of banks if left unchecked can destabilize the economy...
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Jul 3, 20205 min read
System-Wide Financial Stress Testing with Heterogeneous Institutions
by A. Kleinnijenhuis, P. Nahai-Williamson, T. Wetzer & D. Farmer - seemingly localised shocks can amplify systemic importance...
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Jun 25, 20203 min read
What Do Policymakers Really Want from Macroeconomics?
Ivan Boldyrev - Policy makers’ response to COVID-19 shows how much they can depend on a scientific advice...
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Apr 9, 20204 min read
Equity Finance: Matching Liability to Power
by Charles Goodhart and Rosa Lastra - The Covid 19 pandemic has once again illustrated the dangers of excessive debt ratios...
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Jul 11, 20193 min read
So. Farewell then PFI, what next for infrastructure finance?
Elisa Van Waeyenberge, Benjamin Bowles & Kate Bayliss - The UK’s infrastructure needs investment. From potholes to HS2...
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Jul 9, 20194 min read
Can Artificial Intelligence be used to Integrate Money Creation into Macroeconomics?
Mingli Chen, Andreas Joseph*, Michael Kumhof* & Aruhan Shi - In our project for Rebuilding Macroeconomics, we bring together two princ...
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Jun 26, 20194 min read
What Is Money Today? Legal and Economic Perspectives
Rosa Lastra, Jason Grant Allen and Michael Kumhof - Money today is different to money even a decade ago. The use of cash is declining and m
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May 13, 20193 min read
Who Leads the Change in Macro-Prudential Thinking?
Matthias Thiemann
What is the role of applied economists working in central banks and international organizations?
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Feb 13, 20193 min read
Financial Regulation in Cyberspace
Ekaterina Svetlova - Rebuilding Macroeconomics’ Finance Hub held its second workshop to discuss the interdisciplinary approaches to finan...
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Jan 22, 20193 min read
Minsky Was a Shadow Banker
Daniela Gabor, Yannis Dafermos, Jo Michell - How did shadow banking contribute to the global financial crisis? Is a stable shadow ban...
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Nov 13, 20184 min read
Central Banking: When Communication is the Policy
The psychological and behavioural economics literatures have had a transformative impact on how we understand people’s financial and persona
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Nov 5, 20183 min read
Financial Resilience
Ekaterina Svetlova - Why ‘financial resilience’ rather than ‘financial stability’? We believe that resilience shows greater appreciation
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Oct 24, 20185 min read
Bringing Psychology & Social Sciences into Macroeconomics: Summary
Rebuilding Macroeconomics held its first annual conference at HM Treasury, bringing together perspectives from anthropology, maths, neur...
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