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Events and Recordings
Upcoming Events
Joint conference with the IMF: Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations [Video here]
Social Macroeconomics in the Era of COVID-19
The Global Production Networks and the COVID-19 Pandemic
Post - Covid Jobs and the Quest for Better Work
Monetary Finance in the Age of Corona Virus: MMT and the Green New Deal
Should Private Sector Debt Relief be Part of the Exit Strategy?
Helicopter Money: a Necessary Response in a COVID-19 World
International Trade in a Post Covid-19 World
Panel 1: Central Bank Independence
Panel 2: Central Bank's Objectives
Panel 3: Central - Bank Macro Instruments
Social Macroeconomic Hub
Macroeconomic Instability Hub - Ergodicity: Six Different Viewpoints
Session 1: Macroprudential Policy
Session 2: Industrial and Regional Strategy
Session 3: Monetary and Fiscal Policy
Session 1: Macroeconomic Instability Hub
Session 2: Sustainable Growth Hub
Session 3: Macroeconomic Institutions Hub
Session 4: Study Group and General Call Project
Session 5: Central - Bank Macro Instruments
Session 6: Social Macroeconomics Hub
Session 7: Panel Discussion
Session 8: Macroeconomic Finance Hub
Session 1: Perspectives from Sociology and Anthropology
Session 2: Perspectives from Psychology and Cognitive Science
Session 3: Macroeconomics with new assumptions about expectation generation
Session 4: How Human Actors Co-Operate and Organise
Session 5: Making Intimate Economies Visible in a Global System
Session 6: Neuroscience & Mathematics
Session 7: Methodological Perspectives if we Accept Knightian Uncertainty
Past Events and Recordings
Conferences 2022/2023
Agent Based Modelling for Macroeconomics
13 June
Welcome and opening remarks - Angus Armstrong (Rebuilding Macroeconomics, UCL) and Arzu Uluc (Bank of England)
Session 1: Innovation as an evolutionary process
Professor Giovanni Dosi, Sant’Anna School of Advanced Studies
Discussant - Professor David Soskice, LSE
Session 2: Heterogeneity, Interaction and Macroeconomic Implications
Professor Giovanni Dosi, Sant’Anna School of Advanced Studies
Discussant I - Professor Beatrice Cherrier, CNRS & CREST, ENSAE-Ecole Polytechnique
Discussant II - Professor Muriel Dal Pont Legrand, Université Côte d'Azur, CNRS, GREDEG
Closing remarks - Marc Hinterschweiger (Bank of England)
Festschrift for Alan Kirman
Event summary here.
Full programme available here.
16 March
Welcome and opening remarks - Henrietta Moore (Director of Institute for Global Prosperity, UCL
Session 1: Allan's Intellectual Journey
Chair: William Hynes, OECD
James Heckman, University of Chicago
Robert Axtell, George Mason University
Lucrezia Reichlin, London Business School
Session 2: How Science can Improve Understanding of the Economy
Chair: Rachana Shanbhogue, The Economist
Alan Kirman, EHESS
Joseph Stiglitz, Columbia University
17 March
See full programme above.
16 March 2023
17 March 2023
Conferences 2020/2021
Women in Macroeconomics: Who is the 'Individual' in Macroeconomics?
Full programme available here.
Introduction to Conference - Angus Armstrong (Rebuilding Macroeconomics, UCL) and Henrietta Moore (Director of Institute for Global Prosperity, UCL)
Session 1: Positionality in Social Science and Gender
Chair: Tony Lawson, University of Cambridge
- S. Charusheela, University of Washington, Bothell
- Jana Bacevic, University of Durham
Session 2: Identity in Economics and ‘Economic Man’
Chair: Sue Himmelweit, Open University, Women’s Budget Group
- John Davis, Marquette University
- Julie A Nelson, University of Massachusetts – Boston
Session 3: How can Macroeconomics do Better?
Chair: Erin Hengel, UCL, Social Research Institute
- Alan Kirman, OECD NAEC and EHESS
- Deirdre McCloskey, University of Illinois at Chicago
Closing Remarks - Angus Armstrong (Rebuilding Macroeconomics, UCL) and Henrietta Moore (Director of Institute for Global Prosperity, UCL)
A Celebration of Complexity in Macroeconomics: Research Prize Announcement
Introduction: Dr Angus Armstrong, Director, Rebuilding Macroeconomics
Presentations:
Sebastian Poledna, International Institute for Applied Systems Analysis: Economic Forecasting with an Agent-based Model
Valentina Semenova, University of Oxford: Reddit’s Self-Organised Bull Runs Anton Pichler, University of Oxford: In and out of lockdown: Propagation of supply and demand shocks in a dynamic input-output model
Joint conference with the OECD's Initiative New Approaches to Economic Challenges (NAEC) and the Fields Institute
Systemic Resilience: What is it and how can it be enhanced?
Women in Macroeconomics: Diversity and Representation at 2020 ESRC Festival of Social Science (FOSS)
Chair: Susan J. Smith, Girton College Mistress
Arun Advani: Assistant Professor in the Economics Departmant and Impact Director of the CAGE Research Centre at the University of Warwick. Co-chair of the Discover Economics campaign, aiming to increase the diversity of people who study and work in economics. On the Editorial Board of the Economics Observatory.
Felicia Odammten: Founder and Director of The Black Economists Network (T-BEN), a UK based organisation with global footprint that seeks to connect, support and inspire Black Economists while challenging the lack of diversity in the field. She is also a Fast-stream Economist in the UK Civil Service
Joint Conference with Reading University:
Macroeconomics and Reality: Where Are We Now?
Opening and welcome remarks –Robert Van de Noort (Vice-Chancellor, University of Reading)
Session 1: Climate Change and Pandemics - [12:57]
Chair: Uma Kambhampati (University of Reading)
- “Climate Change and Macroeconomics”, Per Krusell (Stockholm University)
- “Macroeconomics and Pandemics”, Mathias Trabandt (Free University Berlin)
Session 2: Beyond the Representative Firm and Consumer - [1:47:45]
Chair: Mark Guzman (University of Reading)
- “Optimal Policy If Equality Also Matters”, Alexander Mihailov (University of Reading)
Session 3: Information and Big Data - [3:11:07]
Chair: James Reade (University of Reading)
- “Information, VARs and DSGE Models”, Paul Levine (University of Surrey)
- “A Growth Model of the Data Economy”, Laura Veldkamp (Columbia Business School)
Session 4: Computational Advances - [4:40:00]
Chair: Carl Singleton (University of Reading)
- “Solving Heterogeneous-Agent Models by Deep Learning”, Jesús Fernández-Villaverde (University of Pennsylvania)
- “Macroeconomies as Locally Constructive Sequential Games”, Leigh Tesfatsion (Iowa State University)
Session 5: Politicsand Society - [6:09:14]
Chair: Marina Della Giusta(University of Reading) - “Macroeconomic Origins and Consequences of Political Identity”, Steven Bosworth (University of Reading) - “Social Macroeconomics”, Angus Armstrong (Rebuilding Macroeconomics)
Data for Policy Conference 2020:
Google Economics: Data - Complex Models - Well-Informed Policy Making
Doyne Farmer, University of Oxford,
Claire Connelly, Institute for New Economic Thinking and Rebuilding Macroeconomics
Carla Coburger, Rebuilding Macroeconomics, National Institute of Economic and Social Research
Covid-19 Workshops
Exit Strategy Workshop No 8:
Social Macroeconomics in the Era of COVID-19
The COVID pandemic raises social and economic issues of profound importance. It reminds us that we cannot live as we cannot live in a world of individualism. At the simplest level, your health depends on your neighbours health and neither can be observed.
Chair & Speakers:
Dennis Snower: Blavatnik School of Government, University of Oxford
Paul Collier: University of Oxford
Sonja Vogt: University of Bern & Nuffield College, University of Oxford
David Tuckett: University College London
Bridget Rosewell: Experienced board member and chair, project developer, economist
Colin Mayer: University of Oxford
Exit Strategy Workshop No 7:
The Global Production Networks and the COVID-19 Pandemic
The phrase “global supply chain” appears frequently in discussions of the COVID pandemic. This refers to the global production network, which is the backbone of the economy. Social distancing and other public health measures have shut down major portions of the global production network.
Chair & Speakers:
Doyne Farmer: University of Oxford
Matthew O. Jackson: William D. Eberle Professor of Economics at Stanford University
Jean-Noel Barrot: Alfred Henry and Jean Morrison Hayes Career Development Professor and an Associate Professor of Finance at the MIT Sloan School of Management
Francois Lafond: Senior Research Officer, Smith School for Enterprise and the Environment, University of Oxford
Nitya Pandalai-Nayar: Associate Professor of Economics at the University of Texas at Austin
Exit Strategy Workshop No 6:
Post-Covid Jobs and the Quest for Better Work
An important question in the current emergency relates to the potential for reforming our economics as we exit from lockdown and move through the Covid-19 crisis. Recovery is not just a matter of getting people back to work, but of bringing them back to better jobs.
Chair & Speakers:
Dame Henrietta Moore, Director of the Institute for Global Prosperity, UCL
Andrew Percy, UCL
Georgios Melios, UCL
Stephen Machin, Director, Centre of Economic Performance, LSE
Anand Menon, Director of the UK in a Changing Europe, KCL
Ruth Yeoman, Fellow of Kellogg College, University of Oxford
Laura Gardiner, Research Director, Resolution Foundation
Jonathan Portes, Professor of Economics and Public Policy, KCL
Geoff Tily, Senior Economist, TUC
Exit Strategy Workshop No 5:
Monetary Finance in the Age of Corona Virus: MMT and the Green New Deal
The world is going through a remarkable transformation in the aftermath of an unprecedented shut down of economies all over the globe. Before the crisis there was already significant debate about how to pay for the costs associated with the transition to a low carbon environment. That debate has intensified as treasuries and central banks are scrambling to find ways to pay, not just for climate change policies, but also for social insurance to compensate the millions of workers who have been asked to sacrifice their livelihoods for the social good.
Chair & Speakers:
Megan Greene: Economist & Visiting Senior Fellow, M-RCB at Harvard Kennedy School
Roger E. A. Farmer: Professor of Economics, University of Warwick, UCLA, & RM Management Group Member
Warren Mosler: President of Valance Company and one of founders of Modern Monetary Theory
Narayana Kocherlakota: Lionel McKenzie Professor of Economics, University of Rochester, and Former President Minneapolis Fed
Ann Pettifor: Political Economist, Author & Public Speaker
Vítor Constâncio: Professor of Economics at Navarra University, Madrid and Former ECB Vice President
L. Randall Wray: Professor of Economics, Bard College and Senior Scholar Levy Economics Institute
Stephanie Kelton: Professor of Economics & Public Policy, Stony Brook University
Laurence Kotlikoff: William Warren Fairfield Professor of Economics, Boston University
Exit Strategy Workshop No 4:
Should Private Sector Debt Relief be Part of the Exit Strategy?
Looking ahead to when the economy stabilises, firms and households will have higher debt burdens. High debt burdens reduce incentives for risk taking and perhaps productivity, as well as creating misery for those unable to manage.
Speakers & Chair:
Rosa Lastra, is the Sir John Lubbock Chair in Banking Law and Chair of the Institute of Banking and Finance Law the Centre for Commercial Law Studies (CCLS), Queen Mary University of London
Alexander Douglas: School of Philosophical, Anthropological and Film Studies at University of St Andrews
Katharina Pistor: is the Edwin B. Parker Professor of Comparative Law at Columbia Law School and Director of the Law School's Center on Global Legal Transformation
Franklin Allen: Professor of Finance and Economics at Imperial College London
Rodrigo Olivares-Caminal: is a Professor in Banking and Finance at the Centre for Commercial Law Studies (CCLS) at Queen Mary, University of London
Exit Strategy Workshop No 3:
Helicopter Money: a Necessary Response in a COVID-19 World
Leading commentators have called for policy makers to embrace helicopter money in their attempts to stabilise the economy. Others argue that helicopter money, to all intents and purposes, is already being deployed. But what form should it take, can it work, and what are the risks?
Speakers & Chair:
Dame Henrietta Moore, Institute for Global Prosperity, UCL, and RM
Martin Wolf CBE, Associate Editor and Chief Economics Commentator, FT
Ricardo Reis, A.W. Phillips Professor of Economics at the London School of Economics
David Leiser, Professor of Psychology, Ben-Gurion University of the Negev
Eric Lonergan, M and G Investments and Rebuilding Macroeconomics
Frances Coppola, Economist and Author
Martin Sandbu, Economics Leader Writer, The Financial Times
Megan Greene, Senior Fellow, Business and Government, Harvard Kennedy School
Exit Strategy Workshop No 2:
International Trade in a Post Covid-19 World
This session brings together experts in international trade,in the international system, and perhaps most importantly, in the history of the revolution of that system to try to understand the potential shape of the network of international trade once the virus leaves us.
Speakers & Chair:
Isabella Weber, Assistant Professor of Economics, U. Mass Amherst
Kevin O’Rourke, Professor of Economics, NYU Abu Dhabi
Meredith Crowley, Reader in Economics, University of Cambridge
Chad Bown, Reginald Jones Senior Fellow, Peterson Institute.
Stephen Kinsella, University of Limerick/Rebuilding Macroeconomics (Chair)
Exit Strategy Workshop No 1:
Central Banks: In a Crisis and Post-Crisis World
The justification for operational independence is that its unimpeded pursuit of inflation targeting will yield the best longer-run economic outcomes. However, the global financial crisis raised new questions, and the coronavirus pandemic lends them new urgency: Since central banks transfer funds to public treasuries in these crises, in what sense are they — and should they be — independent? And if central banks are to be accountable - then to whom? is the Treasury Select Committee an adequate oversight body or is there a good case for reform?
Panicos Demetriades (University of Leicester)
Martin Sandbu (Financial Times)
Ed Balls (former Member of Parliament, Chief Econoi Advisor of the Treasury)
Chair: Ekaterina Svetlova (University of Leicester)
Panel 2: Central Bank's Objectives
Central banks have become responsible for oversight of the overall financial and economic system, and (in some countries) given quasi-legal powers to decide on the rules of the game in local financial markets. How do these duties relate to the central bank's 'lender of last resort’ and ‘quantitative easing’ actions, which have been aimed both at stabilizing financial markets and sustaining economic growth even in times of unprecedented uncertainty? Should central banks have wider societal objectives and, if there are trade-ofis, how are they to be decided and communicated? And what is the role of the central
bank in spreading information?
Panicos Demetriades (University of Leicester)
Martin Sandbu (Financial Times)
Ed Balls (former Member of Parliament, Chief Econoi Advisor of the Treasury)
Chair: Ekaterina Svetlova (University of Leicester)
Central banks’ policy instruments have changed dramatically over the last decade or so. Some such instruments create secondary distortions which raise policy trade-offs. Who decides? To what extent have the links between central-bank policy levers, fiscal policy, and economic outcomes shifted due to the global financial crisis that broke out in 2008 — and is the coronavirus pandemic shifting them further? How can we demarcate between economic and financial instruments and wider social policies - and who should decide when objectives conflict?
Panel 3: Central - Bank Macro Instruments
Inga Rademacher (King’s College London)
Francesco Papadia (Bruegel; formerly Director General for Market Operations, European Central Bank)
Carolina Alves (University of Cam bridge) TBC
Chair: Fran Boait (Positive Money) TBC
Panel 1: Central Bank Independence
Conference: What Can Complexity Add to Macroeconomic Policy Making?
The macroeconomy can be interpreted as a complex system where individuals interact to create aggregate outcomes which, in turn, change their actions or strategies in response. The aim of this one-day conference is to find out what complexity science can add to macroeconomic policy making beyond traditional macroeconomics. We also announce details of our first annual ‘Complexity in Macroeconomics’ Prize.
Session 1: Macroprudential Policy
Alan Kirman: Introduction
Dr Alissa Kleinnijenhuis (University of Oxford), "The financial stability consequences of bank resolution via bail-in”
Policy challenger: Alex Brazier (Executive Director for Financial Stability, Bank of England)
Session 2: Industrial and Regional Strategy
Dr Penny Mealy (INET University of Oxford, and the Bennett Institute for Public Policy, University of Cambridge), "Finding clarity in complex industrial landscapes”
Dr Elsa Arcuate (UCL), "Regional divisions and nested economic structures in the UK”
Policy challenger: Gavin Wallis (Head of Research, Industrial Strategy Council)
Session 3: Monetary and Fiscal Policy
Professor Andrea Roventini (Scuola Superiore Sant’Anna, Pisa), ”Fiscal and monetary policies in complex evolving economies”
Professor Domenico Massaro (Catholic University of Milan) "Monetary and fiscal policy under behavioural expectations: evidence from the lab”
Policy challenger: Arthur Turrell (Research Economist, Bank of England)
Annual Conference 2019: How Can Interdisciplinary Research Enhance the Policy Relevance of Macroeconomics
Sayantan Ghosal & Leaza McSorley: Anxiety, Competing Narratives and the Macroeconomy: What is the Role of Policy in Stabilising Expectations
Nick Chater, Zhu Jianqioa & Jake Spicer: Macroeconomic Implications of the Sampling Brain
Session 2: Sustainable Growth Hub
Steve Keen: Integrating Macroeconomics and Ecology via Energy and the Laws of Thermodynamics
Tim Jackson: Modelling Transition Risk: Developing an Agent-Based, Stock-Flow Consistent, Input-Output Macroeconomic Framework
Jean-Francois Mercure & Andrew Jarvis: Timescales and Investment Dynamics in the Economy
Session 3: Macroeconomic Institutions Hub
Ryan Davey & Johnna Montgomerie: Opening the Black-Box of the Household: a Qualitative Investigation Into Ideas and Practices of Cultures of Expertise
Elisa van Waeyenberge: Trajectories of Infrastructure Financing and Macroeconomic Policies in Practice
Session 4: How Human Actors Co-Operate and Organise
Doyne Farmer: Study Group
David Tuckett: A Narrative Theory of Monetary Policy Practice: Preliminary Hypotheses
Session 5: Making Intimate Economies Visible in a Global System
Pawel Bukowski: Globalisation and Rent Sharing
Daniela Gabor: Managing Supercycles: Globalisation and Institutional Change
Session 6: Social Macroeconomics Hub
David Good & Patricia Andrews Fearon: Zero-Sum Mindset & Its Discontents
Session 7: Panel Discussion
Deirdre McCloskey, Robert McMaster, Christopher Berry: The Scottish Enlightenment - Perspectives on Interdisciplinary Research in Macroeconomics
Session 8: Macroeconomic Finance Hub
Rosa Lastra: Legal and Economic Conceptions of Money
Session 1: Macroeconomic Instability Hub
RES 2019 Annual Conference in Rebuilding Macroeconomics' special session
Annual Conference 2018: Bringing psychology and social sciences into macroeconomics
Session 1: Perspectives from Sociology and Anthropology
Session 5: Making Intimate Economies Visible in a Global System
Session 6: Neuroscience & Mathematics
Session 7: Methodological Perspectives if we Accept Knightian Uncertainty
Session 2: Perspectives from Psychology and Cognitive Science
Session 3: Macroeconomics with new assumptions about expectation generation
Session 4: How Human Actors Co-Operate and Organise
Past workshops
Event Archive
Reframing the Debate - Webinar
1. April 2020
The Future of Central Banking
20. March 2020
Sustainable Growth Hub Workshop
16. March 2020
Integrative Economics
5.-6. March 2020
What can Complexity Add to Macroeconomic Policy Making Conference Complexity Prize here)
28 January 2020
Finance Hub 5th Workshop
28 January 2020
Sustainable Growth Hub Workshop
5 December 2019
Debt Cancellation: Towards New Economic Policies
17 October 2019
