Rebuilding Macroeconomics held its first workshop for the Instability Hub on the 8th March 2018. Following the fruitful discussion of our discovery meeting on July 5th 2017, we agreed to establish the Instability Hub. As part of our process of incorporating different perspectives in macroeconomics, we hosted this workshop to refine our research focus for the next two years. We are now in a position to make a first call for research that highlights areas where we think there is potential for some genuinely new, policy-relevant and interdisciplinary ideas. This will be released shortly.
The overarching theme that emerged from the workshop was that of ergodicity, see Roger Farmer’s blog for a summary. The Hub introduction blog framed the discussion for the workshop and highlighted the goals of the Hub, along with the summary note and background note.
The workshop looked at four areas, with presentations given by key speakers. Links to the pdf files of the presentations and names of speakers are given below.
(1) Policies to Alleviate Financial Crises
(2) Rational Expectations: Beliefs and Narratives
(3) Equilibrium Concepts in Physics and Economics
(4) Agent Based Modelling
Rama Cont: No slides, see video once released
We are now in the position to make a first call for research, which will soon be announced.
We thank all those who attended the workshop, making it a thoroughly thoughtful meeting. And also look forward to the innovative ideas we will undoubtedly receive in the coming weeks.
Videos from the event will be uploaded soon, each covering the approximate 45-minute discussion of each section. A full list of our guests at the meeting is available here.
22 March 2018