Archive
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Grant
Years granted: 2014, 2015Inequalities by Race and Gender in the Earnings of Women of Color
This research project investigates how gender and race affect the earnings of African American, Latina, and Asian American women in the United States over five decades, from 1970 to 2010.
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Grant
Years granted: 2013, 2014, 2015Innovation Systems: Positive and Normative Perspectives
This research project explores the causes and consequences of the way countries innovate and the economic foundations for the government’s direct involvement in conducting innovation.
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Grant
Years granted: 2013, 2014, 2015Computational Platforms for Agent-Based Financial Models
This research project constructs a broad set of software tools designed to better facilitate the understanding and comparative features of various types of agent-based finical markets.
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Grant
Years granted: 2013, 2014, 2015Modeling Minsky's Financial Instability Hypothesis - A Dynamical Systems Approach
This research project improves the mathematical capabilities of non-Neoclassical economics and uses modern techniques from nonlinear dynamical systems to model the expansion and contraction of credit and its effect on real economic output and asset prices.
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Grant
Years granted: 2013, 2014, 2015Statistical Physics Approach to Income and Wealth Distribution
This research project employs ideas from statistical physics to deal with income and wealth inequality, financial instability, and the distribution of energy consumption around the world.
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Grant
Years granted: 2013, 2014, 2015New-Style Central Banking
This research project investigates the impact of the new style of central banking on the bank’s solvency, its ability to control inflation, and on economic stability.
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Grant
Years granted: 2012, 2013, 2014, 2015Analytical Aspects of Real-Financial Linkages in Systems of Heterogeneous Agents
This research project builds a new generation of models fit to analyze and manage the challenges of governing globalized and interconnected economies.
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Grant
Years granted: 2011, 2013, 2014, 2015Finance and the Welfare of Nations: The View from Economic History
This research project combines 140 years of economic history with state-of-the-art econometric methods to gain new insights into the relationship between finance, growth, and crises.
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Grant
Years granted: 2011, 2013, 2014, 2015Knightian Uncertainty, Informational Inefficiency and Financial Markets
This research project examines the informational inefficiency of market prices in the presence of Knightian uncertainty or ambiguity by modeling the decision making of financial market traders.
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Working Paper
Working paperEfficiency and Equilibrium in Network Games: An Experiment
Dec 2014
The tension between efficiency and equilibrium is a central feature of economic systems. In many contexts, social networks mediate this trade-off: an individual’s network position determines equilibrium play, and social relations allow coordination on an efficient norm.
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Working Paper
Working paperThe New Economics of Religion
Dec 2014
The economics of religion is a relatively new field of research in economics. This survey serves two purposes – it is backward-looking in that it traces the historical and sociological origins of this field, and it is forward-looking in that it examines the insights and research themes that are offered by economists to investigate religion globally in the modern world.
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Video
Demystifying Modern Monetary Theory
Dec 27, 2014
Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.
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Article
By the Way, Why Does the History of the JEL Codes Matter ?
Dec 21, 2014
Full paper is here. Comments are much welcome.And because it’s an epic story (and because I suck at writing abstracts), here is an audio trailer. I thank Paul for his beautiful Memphis accent.
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Video
Identifying Weaknesses in the Eurozone
Dec 19, 2014
How should the Eurozone handle unemployment and other immediate hurdles?
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Article
A sparsity based model of bounded rationality
Dec 17, 2014
A more realistic version of how people “maximize utility”