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Welcome to the Rebuild Macro Blog
Stories and articles made for people who want to rebuild.


Modelling Transition Risk
by Tim Jackson The world is now hotter than at any time in the last 12,000 years. The year 2020 tied with 2016 for the dubious honour of...
Feb 10, 20214 min read
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Is Trophic Coherence a Structural Source of Economic and Financial Stability?
Nicholas Beale, Richard Gunton, Sam Johnson, Marcus Miller, Bazil Sansom, Robert MacKay Two things we think are crystal clear Especially...
Feb 1, 20215 min read
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Developing an Economy of Belonging
by Henrietta Moore The Covid-19 pandemic has exacerbated the systemic fissures and failures of the social fabric through economic...
Jan 25, 20214 min read
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Macroeconomic Fluctuations as Emergent Behavior
by Paul Beaudry, Dana Galizia and Franck Portier Flocking birds is a famous natural life example of emergent phenomena —i.e. aggregate...
Jan 21, 20214 min read
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If the North is Levelled Up the Same Way the South Opened the Gap, Don’t Expect Well-Being to Rise
By Stephen Fisher, Martha Kirby and Eilidh Macfarlane The government have pledged to “level up all parts of the United Kingdom,” because,...
Jan 18, 20214 min read
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Decentralised Reciprocity
by Colin Mayer The objective behind this programme of research was to understand the role that local and decentralized financial systems...
Jan 18, 20213 min read
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Putting in Effort for the Benefit of All: The Role of Reward and Effort Requirements
by Magda Osman It is probably fair to say that behaving in ways that are societally responsible and developing practices that are...
Jan 14, 20213 min read
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Cultures of Model Use
by Ekaterina Svetlova The Economist (14 November 2020) highlighted the, sometimes tetchy, debate between epidemiologists and economists...
Dec 21, 20204 min read
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UK Regional and Urban Inequalities
by Philip McCann This research programme in the Social Macro hub of Rebuilding Macroeconomics aims to improve our understanding of the...
Dec 11, 20204 min read
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Third Annual Conference: Understanding Social Macroeconomics
If we were to choose two words to summarise, they would be ‘social’ and ‘interaction’ between people...
Oct 20, 20205 min read
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Despondency Trap: How to break the Negative Feedback Loop
by Alice Evans Many activists are caught in a despondency trap (working paper here). Never seeing radical reform, they lower their...
Sep 16, 20203 min read
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Our prehistoric brain in the laboratory: encouraging cooperation through identity-bias
by Yvan Russell - Biologists define “social” and “cooperation” with a very wide ambit: “social” refers to organisms that clump together...
Sep 7, 20204 min read
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Ethical Guidance for Systemic Risk
by Fabian Schuppert -- The emergence of COVID19 in small corner of our complex global food network and transmitted via human contamination..
Aug 27, 20204 min read
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Globalisation and Rent Sharing
Pawel Bukowski, Stephen Machin & David Soskice -- Rising wage dispersion, a falling labour share of income and stagnating real wages have...
Aug 24, 20203 min read
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How to Stabilize the Economy in the Presence of a Pro-Cyclical Banking System?
Yuemei Ji & Paul De Grauwe - A number of pro-cyclical features in the behaviour of banks if left unchecked can destabilize the economy...
Aug 7, 20203 min read
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Institutional Supercycles: An Evolutionary Macro-Finance Approach
Yannis Dafermos, Daniela Gabor, Jo Michell - we draw on under-exploited insights from Minsky to provide an analysis of evolutionary Macro
Jul 30, 20203 min read
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Monetary Policy and the Management of Uncertainty: A Narrative Approach
by David Tuckett, Douglas Holmes, Alice Pearson and Greame Chaplin - Probability-based models lead to to ignore radical uncertainty and ...
Jul 23, 20204 min read
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System-Wide Financial Stress Testing with Heterogeneous Institutions
by A. Kleinnijenhuis, P. Nahai-Williamson, T. Wetzer & D. Farmer - seemingly localised shocks can amplify systemic importance...
Jul 3, 20205 min read
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What Do Policymakers Really Want from Macroeconomics?
Ivan Boldyrev - Policy makers’ response to COVID-19 shows how much they can depend on a scientific advice...
Jun 25, 20203 min read
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The Peters’ Paradox
Roger Farmer - Exploiting the properties of non-ergodic random variables to understand how people behave when the future cannot be predicted
May 7, 20207 min read
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Your Money or Your Life: The Virus, the Economy, and the Trolley Problem
by Webb Keane - The trolley problem describes various scenarios in which you must choose between two, and only two, courses of action...
May 5, 20205 min read
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Understanding Vocational/Technical Pathways to Inform Policy at the Local Level
Jo Blanden and Sandra McNally - This project will be helpful for policy makers to improve the operation of vocational training
Apr 30, 20204 min read
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COVID-19 Policy Response under Uncertainty
by David Tuckett et al. -- To make good decisions under uncertainty, decision-makers must act creatively to avoid paralysis
Apr 28, 20202 min read
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Opening Address of the Global Solutions Summit 2020: Fundamental Lessons from the Covid-19 Pandemic
by Dennis J. Snower, Co-leader of Social Macroeconomics Hub and President of the Global Solutions Summit We are currently in the midst of...
Apr 20, 20208 min read
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