Updated June 14, 2013: The window for Stage 1 applications has closed
The Institute for New Economic Thinking and CIGI seek to create an environment nourished by open discourse and to empower the next generation of scholars with the necessary support to accelerate and advance new and important thinking on economic issues. Accordingly, we plan to award grants ranging in value from $25,000 - $250,000 in this fifth round of grants. Grants will be awarded primarily to individuals or teams affiliated with academic institutions, think tanks, and other centers of vital research worldwide.
We encourage scholars in economics as well as in related fields such as history, sociology, anthropology, psychology, political science and the physical sciences to submit grant proposals. We welcome submissions on any topic researchers believe is important but would like to particularly encourage explorations on the topics listed below.
Fundamentals of Macroeconomics and Macroeconomic Management
- The modeling of the macroeconomy as an unstable, open, and uncertain system
- The modeling of the macroeconomy as a system containing emotional people and social groups
- Theoretical and empirical insights on state capacities for influencing markets
- Maintaining Full Employment during global rebalancing
- Policies to promote growth and productivity in periods of macroeconomic instability and high indebtedness
- Macroeconomic policy in the presence of balance sheet overhangs
Behavior and the Economy
- Inductive vs. deductive inferences and the implications for market stability
- Formal models of economic behavior without stochastic optimization
- Models of economic behavior under radical uncertainty
- Theoretical and empirical explorations of financial contagion
- Implications for real sector externalities of financial instability
- Implications of instability for policy design and governance
- Sovereign debt management and sustainability
- Capital account convertibility in developing countries
Political Economy of Income and Wealth Distribution and Inequality Dynamics
- Income and wealth distribution and its implications for both macroeconomic and microeconomic policies and performance
- The role of policy and politics in economics and the perpetuation of inequalities, deficient skills and social fragmentation
- Effects of Monetary Policy on the distributions of income and wealth.
- The consequences of default avalanches (and bailouts) on social cohesion, political stability, and the government's capacity for implementing effective policies
- Distributional considerations in climate change policy
- The role of entrepreneurship in the innovation process
- The theory of innovation: optimization, evolution
- The history of innovation: random processes, great surges, the role of industries and firms
- The financial economics of innovation: the funding of discovery, invention, deployment, commercialization
- The political economy of innovation: the state as funder, customer, framer of IP regimes; theory and empirical evidence on what states do and do not do right over time and across countries
- The organization of innovation: large enterprises, startups.
Grant proposals are due by June 13th, 2013, and should be no longer than four pages in length, plus a one-page summary and a budget. A research jury will review first stage applications, and invitations will be issued to those applicants with the most promising proposals to submit more complete applications by early August 2013. Grants will be awarded by early November 2013.
About The Institute for New Economic Thinking
The Institute for New Economic Thinking is an organization created to promote changes in economic theory and practice through conferences, research grants, joint ventures with academic and research institutions and other education initiatives. The Institute seeks to create an environment nourished by open discourse and empower the next generation of scholars with the necessary support to accelerate and advance new and important thinking on economic issues. For more on the Institute click here.
About The Centre for International Governance Innovation (CIGI)
The Centre for International Governance Innovation (CIGI) is an independent, nonpartisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, then co-CEO of Research In Motion (BlackBerry), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information on CIGI, please visit www.cigionline.org.
The Institute does not discriminate on the basis of race, color, religion, gender and/or gender identity, pregnancy or parental status, marital or domestic partner status, national origin, ancestry, age, sexual orientation, disability or medical condition, veteran status, or any other characteristic protected by law.
Datasets or resources developed through an Institute-CIGI grant are expected to be an open source resource with due attribution, except when legally restricted in which case the data shall be available to other scholars to the maximum extent permitted by law.
The Institute will not fund proposals with greater than 10% of the budget allocated to overhead or transfers to a University or Institution that houses a scholar or team, and no overhead shall be permitted against employee benefits.
Additional FAQs can be found here.