Anxiety, Competing Narratives and the Macroeconomy: what is the role of policy in stabilising expect
by Francesco Carbonero, Jeremy Davies, Ekkehard Ernst, Sayantan Ghosal, Leaza McSorley “It is certain that a large part of what we...
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Welcome to the Rebuild Macro Blog
Stories and articles made for people who want to rebuild.
- Mar 24, 2021
- 3 min
How a Zero-Sum View of the World may be Hurting our Economies, our Democracies and our Health
by Patricia Andrews Fearon & David Good Back in 2004, game designer Matt Leacock and his wife had a problem. As much as they enjoyed...
- Mar 4, 2021
- 5 min
Extrapolation and House Price Cycles
by Michael Hatcher Empirical evidence shows that house price busts are less frequent than equity price busts, but last about twice as...
- Feb 19, 2021
- 4 min
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...
- Feb 1, 2021
- 5 min
Is Trophic Coherence a Structural Source of Economic and Financial Stability?
Nicholas Beale, Richard Gunton, Sam Johnson, Marcus Miller, Bazil Sansom, Robert MacKay Two things we think are crystal clear Especially...
- Jan 21, 2021
- 4 min
Macroeconomic Fluctuations as Emergent Behavior
by Paul Beaudry, Dana Galizia and Franck Portier Flocking birds is a famous natural life example of emergent phenomena —i.e. aggregate...
- Oct 20, 2020
- 5 min
Third Annual Conference: Understanding Social Macroeconomics
If we were to choose two words to summarise, they would be ‘social’ and ‘interaction’ between people...
- Aug 27, 2020
- 4 min
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..
- Aug 7, 2020
- 3 min
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...
- Jul 30, 2020
- 3 min
Institutional Supercycles: An Evolutionary Macro-Finance Approach
Yannis Dafermos, Daniela Gabor, Jo Michell - we draw on under-exploited insights from Minsky to provide an analysis of evolutionary Macro
- May 7, 2020
- 7 min
The Peters’ Paradox
Roger Farmer - Exploiting the properties of non-ergodic random variables to understand how people behave when the future cannot be predicted
- Feb 27, 2020
- 5 min
How Directed are Decentralised Economies?
R.S. MacKay, S. Johnson, and B. Sansom -- Many economic relationships have a direction: the flow of goods and services from suppliers to ...
- Jan 27, 2020
- 2 min
Macroeconomic Fluctuations as Emergent Behaviour
by Paul Beaudry, Dana Galizia and Franck Portier -- We, as human beings, like ups and downs on a roller coaster, but only on a roller coaste
- Dec 11, 2019
- 4 min
Stock Markets and the Economy
Michael Hatcher - A major challange for macroeconomics is to model the linkages between financal markets and the economy...
- Nov 29, 2019
- 4 min
Patterns in the Noise in Financial Markets: Where do they come from?
by Nick Chater, Adam Sanborn, Zhu Jianqiao & Jake Spicer - Financial markets are, of course, notable for their unpredictability...
- Jul 9, 2019
- 4 min
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...
- Jul 3, 2019
- 3 min
Does Inequality Stoke Support for Nationalism?
Steven Bosworth - It can have escaped no one that the political institutions in western democracies are going through
- May 7, 2019
- 4 min
Labour without energy is a corpse; capital without energy is a sculpture
Professor Steve Keen - With the simple insight that “labour without energy is a corpse, and capital without energy is a sculpture...
- Apr 26, 2019
- 4 min
Welcome to the Age of Anxiety
Sayantan Ghosal, Marcus Miller, Leaza McSorley & Ekkehard Ernst - Once again, the people of Britain are living in interesting times; and...
- Feb 11, 2019
- 3 min
But Why are Economies Stable?
Robert MacKay & Marcus Miller ---The question posed for the Rebuilding Macroeconomics’ Instability Hub is “Why are economies...
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