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PUBLICATIONS
See the full catalog of Rebuilding Macroeconomics publications.
SPECIAL ISSUES
Special issues contain collections of papers on a specific topic or from a specific event. They are compiled by editors who are responsible for the selection of contributions to a special issue.
These papers have undergone an initial peer review process. They are published on an Open Access and Open Assessment E-Journal platform with capacity for comment and discussion with the authors to maximise access and engagement.
WORKING PAPERS
Our Working Papers are written by one or more authors who have received support from Rebuilding Macroeconomics or who have been active participants in our research hubs and events.
These papers have not undergone a peer review process and are published to encourage discussion and suggestions for revision before publication. Authors welcome feedback to the corresponding author listed on the cover page.
DISCUSSION PAPERS
Our Discussion Papers are written by authors who have not received support from Rebuilding Macroeconomics but have submitted papers that we welcome and are relevant to our mission.
These papers have not undergone a peer review process and are published to encourage discussion and suggestions for revision before publication. Authors welcome feedback to the corresponding author listed on the cover page.
SPECIAL ISSUES
Second Annual Research Paper Prize: Complexity in Social Macroeconomics
This special issue is a result of our second annual research paper prize competition
Deadline for Paper Submissions: June 30, 2022
Complexity in Macroeconomics
This special issue is a result of our research paper prize competition
Deadline for Paper Submissions: January 31, 2021
Bio-psycho-social foundations of macroeconomics
Editor: David Tuckett, University College London (UCL), UK; Dennis J. Snower, Kiel Institute for the World Economy, Germany; Angus Armstrong, Rebuilding Macroeconomics (NIESR)
Deadline for Paper Submissions: October 31, 2019
WORKING PAPERS
WORKING PAPERS
No.67
Thermoeconomics: An axiomatic theory of aggregate economic phenomena
Robert MacKay and Nick Chater | November 09, 2023
No.66
The Effect of Inter-Municipal Cooperation on Social Assistance Programs: Evidence from Housing Allowances in England
Thomas Elston, Germà Bel and Han Wang | May 12, 2023
No.65
If it ain’t broke, don’t fix it: When (and why) independent service delivery is preferable to collaborative public management
Thomas Elston, Germà Bel and Han Wang | March 29, 2023
No.64
Capital Demand Driven Business Cycles: Mechanism and Effects
Karl Naumann-Woleske, Michael Benzaquen, Maxim Gusev, and Dimitri Kroujiline | November 23, 2021
No.63
Opening the Black-Box of the Household in Macro-Institutional Cultures of Expertise
Johnna Montgomerie | July 29, 2021
No.62
What Do Policymakers Want from Macroeconomics? A Preliminary Exploration
Ivan Boldyrev | May 19, 2021
No.61
Shapeshifting in UK Infrastructure Finance and the Limits of Regulation
Elisa Van Waeyenberge, Kate Bayliss, and Benjamin Bowles | May 12, 2021
No.60
There is Strength in Numbers: Scientific and Professional Ties as Determinants of Citations Among UK Economists
Carlo D'Ippoliti, Lucio Gobbi, Christian A. Mongeau Ospina, and Giulia Zacchia | May 03, 2021
No.59
Assessing the Impact of the Research Excellence Framework (REF) on UK Academic Macroeconomists
Danielle Guizzo, James T. Walker, Marina Della Giusta and Rita Fontinha | April 28, 2021
No.58
Deep Reinforcement Learning in a Monetary Model
Mingli Chen, Andreas Joseph, Michael Kumhof, Xinlei Pan, Rui Shi, and Xuan Zhou | April 21, 2021
No.57
Anxiety, Expectations Stabilization and Intertemporal Markets: Theory, Evidence and Policy
Francesco Carbonero, Jeremy Davies, Ekkehard Ernst, Sayantan Ghosal, Leaza McSorley | April 9, 2021
No.56
Partial Consensus in Large Games and Markets
Gabriel Desgranges and Sayantan Ghosal | April 9, 2021
No.55
Green Product Cycles
Marion Dumas | April 9, 2021
No.54
Stranded Human and Produced Capital in a Net-Zero Transition
Jean-Francois Mercure, Daniel Chester, Cormac Lynch, Stephen Jarvis, & Andrew Jarvis | April 8, 2021
No.53
Understanding Educational Progression at the Local Level
Jo Blanden, Héctor Espinoza, Sandra McNally, and Guglielmo Ventura | March 25, 2021
No.52
Zero-Sum Mindset & Its Discontents
Patricia Andrews Fearon, Friedrich M. Götz, Gregory Serapio-García, & David Good | March 23, 2021
No.51
Economic, Social and Political Fragmentation: Linking Knowledge-Biased Growth, Identity, Populism and Protectionism
Dennis J. Snower and Steven J. Bosworth | March 19, 2021
No.50
On the Dialectical Unity of Economics - Applied Economists, Boundary Walkers and the Emergence of Macro-Finance
Matthias Thiemann | March 18, 2021
No.49
Taking Time Seriously: Implications for Optimal Climate Policy
Michael Grubb, Rutger-Jan Lange, Nicolas Gerkez, Pablo Salas, Jean-Francois Mercure, and Ida Sognnaes | March 12, 2021
No.48
Managing Multilevel Cultural Evolution in Theory and Practice
David Sloan Wilson | March 10, 2021
No.47
Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality
Jean-Philippe Bouchaud and Roger E.A. Farmer | March 04, 2021
No.46
Endogenous Extrapolation and House Price Cycles
Michael Hatcher | March 03, 2021
No.45
Shining the Light of Energy on Economic Models of Production
Tim Garrett, Matheus Graselli, Steve Keen | February 25, 2021
No.44
Six Decades of Economic Research at the Bank of England
Juan Acosta, Beatrice Cherrier, François Claveau, Clément Fontan, Aurélien Goutsmedt, Francesco Sergi | February 24, 2021
No.43
Macroeconomic Implications of the Sampling Brain
Nick Chater, Adam Sanborn, Jian-Qiao Zhu, and Jake Spicer | February 17, 2021
No.42
Tatonnement, Approach to Equilibrium and Excess Volatility in Firm Networks
Théo Dessertaine, José Moran, Michael Benzaquen, and Jean-Philippe Bouchaud | February 15, 2021
No.41
What You Exported Matters: Persistence in Productive Capabilities Across Two Eras of Globalisation
Isabella M. Weber, Gregor Semieniuk, Tom Westland, Junshang Liang | February 11, 2021
No.40
Modelling Transition Risk Towards an Agent-Based, Stock-Flow Consistent Framework
Florian Botte, Tommaso Ciarli, Tim Foxon, Andrew Jackson, Tim Jackson, Marco Valente | February 10, 2021
No.39
Trophic Incoherence Drives Systemic Risk in Financial Exposure Networks
R.S. MacKay, S. Johnson, B. Sansom | January 28, 2021
No.38
Europe in Crisis: Political Trust, Corruption and Austerity
Georgios Melios | January 25, 2021
No.37
How Effective are Political Cycles in the UK in the Micro-Level?
Georgios Melios | January 25, 2021
No.36
Identifying and Understanding Local Priorities for Developing an `Economy of Belonging': A Case Study of Eight Areas in the UK
Henrietta L. Moore, Juan M. Moreno and Georgios Melios | January 25, 2021
No.35
Dynamic Cooper and John's Economies: The Role of Coordination and Accumulation in Equilibrium Emergent Phenomena
Paul Beaudry, Dana Galizia, and Franck Portier | January 21, 2021
No.34
Emergent Equilibrium and the Role of Forward - Lookingness in a Dynamic Macroeconomic Model with Weak Complementarities
Paul Beaudry, Dana Galizia, and Franck Portier | January 21, 2021
No.33
Socio-Political Consequences of Regional Economic Divergence in Britain: 1983-2018
Stephen Fisher, Martha Kirby, Eilidh Macfarlane | January 18, 2021
No.32
Learning The Structure and Relations of Banking Systems: International Evidence on the Role of Relationship Banking, and the UK Experience in the Light of 'Levelling-UP' Challenges
Colin Mayer, Philip McCann and Jacob Schumacher | January 18, 2021
No.31
Learning from Behavioural Changes That Fail
Magda Osman, Scott McLachlan, Norman Fenton, Martin Neil, Ragnar Löfstedt, Björn Meder | January 11, 2021
No. 30
Verbal Interaction in a Social Dilemma Experiment Exertion
Agata Ludwiczak, Zoe Adams, Magda Osman, and Devyani Sharma | January 11, 2021
No. 29
Do As I Say, Not As I Do - The Role of Social Comparisons in Cooperative Effort Exertion
Agata Ludwiczak and Zoe Adams | January 11, 2021
No. 28
The Persistent Consequences of Adverse Shocks: How the 1970s Shaped UK Regional Inequality.
Patricia G. Rice and Anthony J. Venables | January 4, 2021
No. 27
Humanistic Digital Governance
Dennis J. Snower and Paul Twomey| December 23, 2020
No. 26
Recoupling Economic and Social Prosperity
Katharina Lima de Miranda, and Dennis J. Snower| December 15, 2020
No. 25
Capital Shocks, Real Estate Risks and the Effects of the Global Financial Crisis in US Cities
Michael Daams, Philip McCann, Paolo Veneri, Richard Barkham, and Dennis Schoenmaker| December 10, 2020
No. 24
Briefing Note: The Resilience of British and Towns to Economic Shocks UK
Ron Martin, and Ben Gardiner | December 10, 2020
No. 23
UK Interregional Inequality in a Historical and International Comparative Context
Andre Carrascal-Incera, Philip McCann, Raquel Ortega-Argilés, and Andrés Rodríguez-Pose | December 01, 2020
No. 22
Narratives as a Coordinating Device for Reversing Regional Disequilibrium
Paul Collier and David Tuckett | November 30, 2020
No. 21
Towards a Normative Theory of Systemic (Financial) Risk
Andrew Baker, Fabian Schuppert, and Jay Cullen | November 27, 2020
No. 20
Central Bank Money: Liability, Asset, or Equity of the Nation?
Michael Kumhof, Jason Allen, Will Bateman, Rosa Lastra, Simon Gleeson, Saule Omarova | November 25, 2020
No. 19
How Market Ecology Explains Market Malfunction
Maarten P. Scholl, Anisoara Calinescu and J. Doyne Farmer | September 28, 2020
No. 18
Is Identity-Priming a Short-Cut to Cooperation?
Yvan I. Russell | September 22, 2020
No. 17
Emergence of Core-Periphery Structures in the European Union: A Complexity Perspective
Claudius Gräbner, and Jakob Hefele | September 04, 2020
No. 16
Globalisation and Rent Sharing
Pawel Bukowski, Stephen Machin, and David Soskice | August 27, 2020
No. 15
Institutional Supercycles: An Evolutionary Macro-Finance Approach
Yannis Dafermos, Daniela Gabor, and Jo Michell | July 30, 2020
No. 14
Banks and Macroeconomic Stability. A Behavioural Macroeconomic Approach
Yuemei Ji, Paul Grauwe | July 5, 2020
No. 13
Monetary Policy and the Management of Uncertainty: a Narrative Approach
David Tuckett, Douglas Holmes, Alice Pearson and Graeme Chaplin | July 3, 2020
No. 12
A Simple Economic Model with Interactions
Maxim Gusev, Dimitri Kroujiline | June 5, 2020
No. 11
Stock Price Stabilization? Permanent vs Temporary Short-Sales Limits in a
Heterogeneous Beliefs Model
Michael Hatcher | June 1, 2020
No. 10
Production Networks and Epidemic Spreading: How to Restart the UK Economy
Anton Pichler, François Lafond, Marco Pangallo, R. Maria del Rio-Chanona, and J. Doyne Farmer | May 21, 2020
No. 9
Capability Accumulation and Product Innovation: Agent-Based Perspective
Anna Hornykewycz and Claudius Gräbner | May 5, 2020
No. 8
The Importance of Beliefs in Shaping Macroeconomic Outcomes
Roger E. A. Farmer | April 20, 2020
No. 7
Overcoming the Global Despondency Trap
Strengthening Corporate Accountability in Supply Chains
Alice Evans | April 15, 2020
No. 6
Theory and Empirics of Capability Accumulation: Implications for Macroeconomic Modelling
Matthias Aistleitner, Claudius Gräbner, Anna Hornykewycz | April 8, 2020
No. 5
How Directed is a Directed Network?
R.S. MacKay, S. Johnson, and B. Sansom | January 28, 2020
No. 4
Rational Social Man and the Compliance Problem: an Application of Identiy Economics
Paul Collier | December 16, 2019
No. 3
The Effects of Gender Inequality, Wages, Wealth Concentration and Fiscal Policy on Macroeconomic Performance in the UK
Özlem Onaran, Cem Oyvat and Eurydice Fotopoulou | November 22, 2019
No. 2
Emergent Inequality and Endogenous Dynamics in a Simple Behavioral Macroeconomic Model
Yuki M. Asano, Jakob J. Kolb, Jobst Heitzig, and J. Doyne Farmer | November 15, 2019
No. 1
The Interplay of Economic, Social and Political Fragmentation
Dennis Snower and Steven Bosworth | November 13, 2019
DISCUSSION PAPERS
DP. 21
Concentration, Stagnation and Inequality: An Agent-Based Approach
Roberta Terranova and Enrico M. Turco | July 20, 2021
DP. 20
In and Out of Lockdown: propagation of Supply and Demand Shocks in a Dynamic Input-Output Model
Anton Pichler, Marco Pangallo, Maria del Rio-Chanona, Francois Lafond, J. Doyne Farmer | May 26, 2021
DP. 19
Reddit’s Self-Organised Bull Runs: Social Contagion and Asset Pricess
Valentina Semenova and Julian Winkler | May 20, 2021
DP. 18
Economic Forecasting with an Agent-based Model
Sebastian Poledna, Michael Gregor Miess and Cars Hommes | May 20, 2021
DP. 17
The Societal Responses to COVID-19: Evidence from the G7 Countries
Katharina Lima de Miranda and Dennis J. Snower | May 26, 2021
DP. 16
Examining Sustainable Growth in Detail
Nicolas Paul Cerkez | May 25, 2021
DP. 15
News and Narratives in Financial Systems: Exploiting Big Data for Systemic Risk Assessment
Rickard Nymana, Sujit Kapadiab, and David Tuckett | May 10, 2021
DP. 14
Narrative Expectations in Financial Forecasting
Samuel G. B. Johnson and David Tuckett | May 10, 2021
DP. 13
Foundations of System-Wide financial Stress Testing with Heterogeneous Institutions
J Doyne Farmer, Alissa M Kleinnijenhuis, Paul Nahai-Williamson and Thom Wetzer | June 26, 2020
DP. 12
The Socio-Economics of Pandemics Policy
Dennis J. Snower | April 24, 2020
DP. 11
Can Stimulating Demand Drive Costs Down? World War II as a Natural Experiment
François Lafond, Diana Greenwald, and J. Doyne Farmer | April 7, 2020
DP. 10
The GFC, Systemic Legitimacy and "Rip-Off" Stories in the Daily Mail
Tony Curzon Price, Gavin Hassall, Jeremy Davies, James Couper | January 29, 2020
DP. 9
Commentary on Edmund Rolls: ‘Emotion and reason in human decision-making’
Mark Solms | July 25, 2019
DP. 8
Beyond quantified ignorance: rebuilding rationality without the bias bias
Henry Brighton | March 15, 2019
DP. 7
Escape from model-land
Erica L. Thompson and Leonard A. Smith| March 8, 2019
DP. 6
Markets are a function of language: notes on a narrative economics
Douglas R. Holmes | February 25, 2019
DP. 5
Family firms as kinship enterprises
Sylvia Yanagisako | February 11, 2019
DP. 4
Toward a cognitive science of markets: economic agents as sense-makers
Samuel G.B. Johnson | February 11, 2019
DP. 3
How everyday ethics becomes a moral economy, and vice versa
Webb Keane | February 06, 2019
DP. 2
Emotion and reasoning in human decision-making
Edmund T. Rolls | February 06, 2019
DP. 1
Confidence Collapse in a Multi-Household, Self-Reflexive DSGE Model
Morelli, Federico and Benzaquen, Michael and Tarzia, Marco and Bouchaud, Jean-Philippe | July 17, 2019