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Welcome to the Rebuild Macro Blog
Stories and articles made for people who want to rebuild.
An Unconventional Vision for Restoring Productivity Growth in the G20 and Beyond
Angus Armstrong explains why restoring productivity growth requires institutions that promote knowledge sharing and societal engagement...
Nov 15, 20244 min read
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Green Industrial Policies don’t offer second best – but first best solutions!
William Hynes “You know economists; they’re the sort of people who see something works in practice and wonder if it would work in theory”...
Oct 23, 20244 min read
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Polycrisis and Policy Frameworks
Angus Armstrong Polycrisis refers to a world of multiple overlapping crises, possibly beginning in different domains – think financial,...
Mar 28, 20244 min read
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Including Human Interaction in Macroeconomics
Maxim Gusev and Dimitri Kroujiline Macroeconomic models rarely make explicit how people actually interact. When this is explicitly...
Nov 23, 20213 min read
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A Sovereign Debt Composition Perspective on The Great Financial Crisis, the Taper Tantrum and COVID
A Sovereign Debt Composition Perspective on The Great Financial Crisis, the Taper Tantrum and COVID-19 By Serkan Arslanalp (IMF),...
Sep 30, 20213 min read
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What Do Policymakers Have to Say?
by Ivan Boldyrev In the midst of a pandemic, economic knowledge is a crucial factor in formulating meaningful policy responses both short...
May 18, 20213 min read
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Building Back Better”: Economic Boost or Private Profiteering?
Kate Bayliss, Ben Bowles and Elisa Van Waeyenberge Successive governments have attached considerable weight to infrastructure spending....
May 13, 20214 min read
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Economists Work in Communities, and this Shapes the Incentives for Research
by Carlo D’Ippoliti Other social scientists accuse economists of picturing human beings as anti-social egoistic individuals – and of...
May 5, 20213 min read
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The REF and UK Academic Macroeconomics: Friends or Foes?
Research evaluation exercises and metrics are an inherent part of academic life. But how do they affect individual research decisions, as...
Apr 29, 20215 min read
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Artificial Intelligence in a Monetary Model
By Mingli Chen (University of Warwick), Andreas Joseph* (Bank of England), Michael Kumhof* (Bank of England), Xinlei Pan (UC Berkeley),...
Apr 22, 20214 min read
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Anxiety, Competing Narratives and the Macroeconomy: what is the role of policy in stabilising expect
by Francesco Carbonero, Jeremy Davies, Ekkehard Ernst, Sayantan Ghosal, Leaza McSorley “It is certain that a large part of what we...
Apr 11, 20215 min read
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Green Product Differentiation and Innovation in the Transition to a Clean Economy
by Marion Dumas Does the environmental concern of consumers stimulate firms to innovate and offer more sustainable products? Once...
Apr 11, 20214 min read
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Everything Flows
The concept of stocks and flows feels like a rare fragment of economic solidity in a sea of conceptual turbulence. Things flow, and these...
Apr 11, 20213 min read
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What are the Reasons for the Lack of Overall Convergence in the EU? A Structuralist View
by Claudius Gräbner and Jakob Hafele With its recently proposed €750bn recovery and resilience facility the EU aims to tackle the adverse...
Apr 8, 20214 min read
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Understanding Educational Progression at the Local Level:
Portsmouth, The Northern City on the South Coast by Jo Blanden, Héctor Espinoza, Sandra McNally and Guglielmo Ventura In Boris Johnson’s...
Mar 25, 20214 min read
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How a Zero-Sum View of the World may be Hurting our Economies, our Democracies and our Health
by Patricia Andrews Fearon & David Good Back in 2004, game designer Matt Leacock and his wife had a problem. As much as they enjoyed...
Mar 24, 20213 min read
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MacroSocial Feedback Effects – Firm Structure and Political Economy Consequences
by Steven Bosworth It is a strange time to be writing this. Joe Biden’s supporters are eagerly awaiting his imminent declaration as...
Mar 19, 20212 min read
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Who is Leading the Change?
Innovation and influence of applied economists in the new discourse on macro-finance by Matthias Thiemann The transatlantic financial...
Mar 18, 20212 min read
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Managing Cultural Evolution in Rugged Adaptive Landscapes
by David Sloan Wilson One of the most venerable visual metaphors of evolutionary theory is the multi-peaked adaptive landscape, where...
Mar 11, 20215 min read
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Extrapolation and House Price Cycles
by Michael Hatcher Empirical evidence shows that house price busts are less frequent than equity price busts, but last about twice as...
Mar 4, 20215 min read
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Integrating Macroeconomics and Ecology via Energy and the Laws of Thermodynamics
by Steve Keen One of the glaring weaknesses of economic models of production, from all schools of economic thought, is the absence of any...
Feb 25, 20214 min read
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Excavating the Academia-Policy pipeline: the history of economic research at the Bank of England
by Beatrice Cherrier In 2012, Andrew Haldane, who was to become Bank of England chief economist two years later, wrote a VoxEu column...
Feb 25, 20214 min read
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Psychological Origins of Market Instability
by Nick Chater, Adam Sanborn, Zhu Jianqiao and Jake Spicer The behaviour of financial markets is, of course, notoriously capricious. Who...
Feb 19, 20214 min read
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What You Exported Matters: Persistence in Productive Capabilities across Two Eras of Globalization
Isabella Weber, Tom Westland and Maya McCollum “The inhabitant of London could order by telephone, sipping his morning tea in bed, the...
Feb 11, 20214 min read
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