In the Spring 2011 grant cycle, the Institute for New Economic Thinking and CIGI awarded over $3 million to 23 projects and research programs

In response to the inadequacy of existing economic knowledge, as revealed by the current financial crisis, the Grant Program has been designed to identify key areas in economics that require significant attention and support the research that addresses these gaps. The process of inviting proposals and awarding grants functions to highlight current priorities and nourish grantees’ development of new approaches in economic theory and practice.


The Spring 2011 Grant Program funded proposals that focused on a range of topics

  • Macroeconomics and Finance
  • Monetary and Financial Market Policy
  • Fiscal Policy
  • Political Economy
  • Economic History
  • History of Economic Thought
  • Historical Data Availability
  • Trends in Inequality in Emerging Markets
  • Microeconomic Assumptions

Selected projects offer a diversity of approaches and global perspectives that target critical issues that have been neglected by conventional economic analysis.

“As we look at the grant round in the spring of 2011, I can see a focus on financial instability, the instability of expectations, and the role of financial and monetary policy,” commented Dr. Robert Johnson, Executive Director of the Institute. “In this cycle, we also received more grant proposals with researchers from emerging markets. It’s exciting to see that our messages and our programs are starting to spread throughout the world, increasing both the relevance and effectiveness of the Institute in addressing the challenges faced by our global economy. The Institute plans to extend its geographic reach and focus more on scholars in the emerging markets as time proceeds.”

“CIGI is proud to partner with the Institute for New Economic Thinking to fund research into innovative solutions for the great economic challenges of the 21st century,” said CIGI Executive Director Thomas A. Bernes.

Spring 2011 Grant Program Details

In the Spring 2011 Grant Program, over 400 proposals were reviewed by the research jury and narrowed down to 59 finalists from which 23 Project Grants and Research Programs were identified and approved by the Institute's Governing Board. The Governing Board is continuing to review additional Research Programs.

The entire field of Spring 2011 grant recipients comes from 15 different countries in North America, Europe, Asia, Australia, Latin America and the Middle East.

Grants Awarded

The 23 grants are listed below: