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


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 28, 20193 min read
Do Central Bankers use Economic Analysis?
Beatrice Cherrier - Economists have recently exhibited considerable anxiety regarding their influence on policy-makers and citiz...
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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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May 7, 20194 min read
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...
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Apr 26, 20194 min read
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...
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Apr 15, 20194 min read
Why Europe is Drifting Apart and What to do About it
Claudius Gräbner - The Eurozone, once celebrated as a ‘convergence mechanism’, has instead experienced economic
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Apr 8, 20193 min read
How Do We Come to Empathise With Distant Others?
Alice Evans - How do we come to empathise with distant others: not just feel sorrow for their suffering...
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Apr 1, 20193 min read
Blowback
Henrietta Moore - The CIA use the term “blowback” to refer to the unintended consequences of an operation
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Mar 25, 20193 min read
Including Human Interaction in Macroeconomics
Maxim Gusev and Dimitri Kroujiline - Macroeconomic models rarely make explicit how people actually interact. When this
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Feb 22, 20194 min read
When Does One of the Central Ideas in Economic Theory Work?
Marco Pangallo, Torsten Heinrich, J Doyne Farmer - The concept of equilibrium is central to economics. It is one of the core assumptions...
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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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Feb 11, 20193 min read
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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Jan 28, 20193 min read
Globalisation and Labour Share
Pawel Bukowski - According to the Karabarbounis and Neiman (2014) the global labour share of output fell from 65% in 1980 to 59% in 2012.
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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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Jan 7, 20193 min read
What Drives Specialisation?
Isabella Weber - Globalisation has coincided with specialisation and wealth accumulation on unprecedented scales. By bringing togethe...
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Dec 19, 20184 min read
Women in Economics: Why it Matters – Part II
Carolina Alves - Some may think that the gender balance in economics is fine and gradually improving. Yet the proportion of women in eco
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Dec 19, 20183 min read
Women in Economics: Why it Matters – Part I
Carolina Alves & Gavin Hassall - Rebuilding Macroeconomics (RM) hosted its Women in Economics event at NIESR recently, as part of the...
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Nov 30, 20183 min read
Noisy Brains & Unsettled Markets
Nick Chater - Noise is one of the most striking and ubiquitous properties of the human brain. Each individual brain cell, or neuron,
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Nov 15, 20184 min read
Do Expectations Drive Big Events?
Michael Hatcher - A key distinction between economies and physical systems, like the weather, is that economies consist of individuals who
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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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Oct 8, 20184 min read
Social Cooperation & Economic Performance
Paul Collier & Dennis J. Snower - The social foundations of our economies are being tested. Fragmentation – by class, race, ethnicity...
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Aug 10, 20184 min read
An Introduction to the Finance Hub
Ekaterina Svetlova - Since the Global Financial Crisis, there has been a growing movement to reconsider the tools and methods used by the...
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