Archive

Together with Azim Premji University (APU), we’re creating opportunities for advanced PHDs, leading academics and experts to focus on the urgent problems facing the world’s most populous democracy.

Supporting doctoral research through granting PhDs, appointing post-doctoral fellowships, hosting leading international economists, sponsoring major conferences and providing seed funding for cutting-edge research projects.

A Ruskinian framework for economic justice.

Since 2011, the Institute has partnered with the Centre for International Governance Innovation (CIGI) to change the way the field approaches the interplay between economics and governance, accelerating the development of new economic thinking.

We propose several multivariate variance ratio statistics. We derive the asymptotic distribution of the statistics and scalar functions thereof under the null hypothesis that returns are unpredictable after a constant mean adjustment (i.e., under the weak form Efficient Market Hypothesis). We do not impose the no leverage assumption of Lo and MacKinlay (1988) but our asymptotic standard errors are relatively simple and in particular do not require the selection of a bandwidth parameter. We extend the framework to allow for a time varying risk premium through common systematic factors.

“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” John M. Keynes, The End of Laissez Faire, 1926 (p. 44)

We develop adjustments to align the NIPA measures of key household flows with cash flow concepts that better reflect household budgets and demand.

Rapid private-debt growth threw Japan into crisis in 1991 and did the same to the United States and Europe in 2008. China may be next.

This paper discusses the main issues about increasing inequality, whether it matters and its impact on economic activity and growth. It starts by briefly considering the empirical evidence of the share of income going to the top one percent since 1945 in the advanced countries. It then considers whether this represents an increase in the productivity of the top one percent or merely an extraction of economic rent.

The Institute partners with the Asia Global Institute (AGI), an independent think tank in Hong Kong, to encourage global policy and actions to move toward a prosperous and sustainable future for the world.

Economic activity cannot be explained solely by modeling rational behavior. Our partnership with the Kiel Institute brings interdisciplinary scholars together to develop new perspectives on human motivation and decision-making.

A jointly-created research institute devoted to finding a more realistic way of thinking about the economy, using tools from decision theory and the theory of networks to tackle problems such as unemployment and inequality.

Our partnership with the Oxford Martin School at the University of Oxford, is conducting visionary interdisciplinary research on a wide range of economic and public policy challenges.

How can we reconnect economic success to socioeconomic outcomes?