History
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Years granted:
2015
Causal Analysis in Economics: Philosophical Underpinnings and Econometric Tools for Non-Standard Settings
This research project addresses the problem of inferring causal relationships in economics. It investigates the philosophical roots of the problem and develops econometric tools which take into account the complexity of economic systems.
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Working Paper Series
Beyond Market Failures The Market Creating and Shaping Roles of State Investment Banks
Jan 2015
Recent work has highlighted the need for innovation investments to be understood through a mission oriented approach rather than a market failure one (Foray et al. 2012). However, this work has only focused on state agencies, such as DARPA, overlooking the role of public financial institutions such as state investment banks.
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Years granted:
2013, 2014, 2015
The London and Cambridge Economic Service: New Perspectives on Economic Forecasting and the History of Economic Thought
This research project rescues the work of the London and Cambridge Economic Service, arguably the first body in Britain to collect and disseminate economic statistics.
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Years granted:
2013, 2014, 2015
Growth and Credit: Mortgage Securitization through Landschaften in Prussia
This research project explores the origins of covered mortgage bonds and tests for the impact of financial development on economic growth by analyzing the Prussian Landschaften.
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Years granted:
2013, 2014, 2015
Keynes(ians) and Hayek(ians) From the Great Depression to the Long Recession
This research project re-examines the debates around the time of the Great Depression and compares them with those before and since the start of the Long Recession in 2007/8, focusing on Keynes, Hayek, and their followers.
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Years granted:
2013, 2014, 2015
Cognitive Foundations of Economic Microfoundations
This research project formulates a normative theory of learning both preferences and probabilities that explains a broad spectrum of economic behavior heretofore judged irrational.
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Years granted:
2012, 2013, 2014, 2015
The Unpublished Writings of J.M. Keynes
This research project commences work on a supplementary edition covering much of John Maynard Keynes’s significant writings on economics, philosophy, and politics that remain unpublished.
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Years granted:
2015
Economic Policy and the Performativity of Economic Models: Looking at the Intersection between Theory and Policy
This research project aims at analyzing the role of economic models in economic policy-making. Specifically, we investigate the impact of CGE models, related to the TTIP debate, and potential output models, related to fiscal policy in the EU, on politicial decision-making and public debate.
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Years granted:
2015
Transport Infrastructure, Long-Run Development, and Policy: Evidence from England and Wales, c.1817 to 2011
This research project will study the long-run interactions between transport infrastructure and economic development using spatially-disaggregated data for England and Wales over the period c.1817—2011. It will look to inform policy toward large investments in physical infrastructures.
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Years granted:
2015
German Energy Policy in the Age of Oil and Atoms, 1945–2000
This research project traces the history of German energy policy from 1945 to the present. It explores the political economy behind Germany’s transition from coal, to oil, to green energy, the crises driving these shifts, and the evolving efforts to balance affordability with security and environmental protection.
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Years granted:
2015
Income Distribution, Asset Prices, and Aggregate Demand Formation, 1850-2010: A Post-Keynesian Approach to Historical Macroeconomic Data
This research project uses macroeconomic data going back to the mid-19th century to analyze issues such as the relation between income distribution and economic growth; and how debt, asset prices, and growth moved together the last 160 years.
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Years granted:
2014, 2015
Planning Peace: Development Policies in Postwar Europe
This research project shows the European origins of development economics between the late 1930s and the early 1960s and describes how the postwar global challenge of development took shape.
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Years granted:
2011, 2013, 2014, 2015
Finance 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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Working paper
The 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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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.