Our grant program supports researchers who challenge economic orthodoxy and help develop new paradigms in the discipline.
Grants
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Years granted:
2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020
INET Taskforce in Macroeconomic Efficiency and Stability: Networks and Externalities
The INET Taskforce in Macroeconomic Efficiency and Stability, chaired by Professor Joseph Stiglitz, focuses on the inefficiencies and instabilities that arise from the interaction of agents and institutions operating in networks and from pervasive macro-economic externalities, as well as on the macroeconomic inconsistencies that may result from those interactions.
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Years granted:
2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018
Imperfect Knowledge Economics (IKE)
Note: As of March 2019, the Imperfect Knowledge Economics(IKE) Program has been re-launched as the INET Program on Knightian Uncertainty Economics (KUE). Please see the KUE page for updates on this body of work.
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Years granted:
2014, 2015, 2016
High-Dimensional Statistics for Macroeconomic Forecasting
This project brings new mathematical tools and ideas from high-dimensional statistics to bear on the problem of creating reliable macroeconomic forecasting models.
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Years granted:
2014, 2015, 2016
The Center and the Periphery: The Globalization of Financial Turmoil
This research project creates a new database of international capital flows from the early 19th century, when London became the financial capital of the world, until 1931, when international capital markets collapsed.
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Years granted:
2015, 2016
Worlds of Political Economic Thought in Twentieth-Century China
This research project explores Chinese economic thought of the 1930s, 1940s, and 1950s, with direct relevance to the present day, and in particular focuses on one specific thinker, Wang Yanan, and the intellectual debates he animated and in which he participated as a major theorist.
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Years granted:
2014, 2015, 2016
Will Household Wealth (Ever) Recover?
This research project focuses mainly on whether the wealth of the United States middle class recovered and whether wealth inequality continued to rise or moderated over the years 2010 to 2013 following the financial crisis of 2008.
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Years granted:
2014, 2015, 2016
Liquidity and Asset Returns in Times of Turmoil
This research project examines the role of political and social unrest by analyzing their effects on bond and stock markets over the period 1900-2000.
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Years granted:
2014, 2015, 2016
Becoming “Applied,” Becoming Relevant? Three Case Studies on the Transformation of Economics since the Mid-Sixties
This research project investigates how economists sought to make their science more relevant to real-world issues and policy design from the mid-1960s on, by becoming “applied economists.”
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Years granted:
2014, 2015, 2016
Economics, Psychology and the Joyless Economy: The Biography of Tibor Scitovsky
This research project develops an intellectual biography of the Hungarian economist Tibor Scitovsky (1910-2002), who is known primarily for his path breaking 1976 book, The Joyless Economy.
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Years granted:
2014, 2015, 2016
From Innovation to Financial Market Failure: An Anatomy of 18th Century Mortgage-backed Securities
This research project studies the innovation of mortgage-backed securities in the 18th century in order to understand the effects of securitization on financial and real markets.
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Years granted:
2014, 2015, 2016
Rising Inequality as a Structural Cause of the Financial and Economic Crisis
This research project investigates whether rising inequality has contributed to the macroeconomic imbalances that erupted in the present crisis, based on a Kaleckian macroeconomic model.
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Years granted:
2012, 2013, 2014, 2015, 2016
Economic Sustainability, Distribution, and Stability
This research project focuses on the sustainability of economic growth and implications for distribution, employment, stability, and economic policy.
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Years granted:
2012, 2013, 2014, 2015, 2016
A New Tractable Approach for Bounded Rationality in Economics
This research project formulates a new model of bounded rationality, based on the idea that agents will keep a simple, or “sparse,” model of the world.
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Years granted:
2015
Distributional National Accounts
The objective of this proposal is to build distributional statistics of income and wealth consistent with national accounts aggregates for the United States.
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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.