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Macroeconomics and Financial History

Macroeconomics and Financial History

Objective

"The current macroeconomic and financial crisis has given rise to a vigorous debate about the state of macroeconomics and macroeconomic training. Among the voices arguing most strongly for a change in the way that young macroeconomists are trained are those coming from employers in the private and public sector. Strikingly, many employers are also arguing that a knowledge of economic history might be particularly useful. A knowledge of economic and financial history is crucial in thinking about macroeconomic problems and the financial sector in several ways. It forces students to recognize that major discontinuities in economic performance and economic policy regimes have occurred many times in the past, and may therefore occur again in the future. Additionally, economic history teaches students the importance of context. Finally, exposure to economic history leads to an empirical frame of mind, and a willingness to admit that one’s preferred theoretical framework may not always work in explaining the real world. These are essential habits for young economists wishing to apply their skills in the work environment. Young macroeconomists need training in economic and financial history. Equally, students of economic history need exposure to the techniques of modern macroeconomics and financial economics. MACROHIST brings together some of the strongest history, economic history and economics departments in Europe. Its aim is to expose young macroeconomists to the most recent work in macroeconomic and financial history; young economic historians to the most recent techniques in financial and macroeconomics, and both groups to the policy and work environment. We will achieve these aims by funding research on macroeconomics and macroeconomic and financial history; by funding visiting studentships for ESRs in partner institutions; by organising internships and other activities with our private sector partners; and by arranging network-wide research and training events."
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Coordinator

FONDATION POUR L INSTITUT DE HAUTES ETUDES INTERNATIONALES ET DU DEVELOPPEMENT

Address

Maison De La Paix Chemin Eugene Rigot 2
1202 Geneve

Switzerland

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 803 737,57

Administrative Contact

Marc Flandreau (Prof.)

Participants (6)

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THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD

United Kingdom

EU Contribution

€ 516 401,60

HUMBOLDT-UNIVERSITAET ZU BERLIN

Germany

EU Contribution

€ 402 492,20

LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

United Kingdom

EU Contribution

€ 516 401,60

FONDATION NATIONALE DES SCIENCES POLITIQUES

France

EU Contribution

€ 634 394,09

UNIVERSIDAD CARLOS III DE MADRID

Spain

EU Contribution

€ 410 834,04

UNIVERSITE LIBRE DE BRUXELLES

Belgium

EU Contribution

€ 417 450

Project information

Grant agreement ID: 608129

Status

Closed project

  • Start date

    1 September 2013

  • End date

    31 August 2017

Funded under:

FP7-PEOPLE

  • Overall budget:

    € 3 701 711,10

  • EU contribution

    € 3 701 711,10

Coordinated by:

FONDATION POUR L INSTITUT DE HAUTES ETUDES INTERNATIONALES ET DU DEVELOPPEMENT

Switzerland