Macroeconomics, Growth and History Centre (MaGHiC)
About the Centre
The Macroeconomics, Growth and History Centre (MaGHiC) is the focal point for macroeconomic research, events and PhD training at the University of Kent. The research interests of the group span macroeconomic theory, empirical macroeconomics, macroeconometrics and the macroeconomic analysis of historical data. The Centre has strengths in growth, structural change, computational economics, firm dynamics and macroeconomic history.
Researchers within the Centre have published articles in leading international journals including the American Economic Review, the Review of Economic Studies, the Journal of The European Economic Association, the Economic Journal, the American Economic Journal: Macroeconomics, the Review of Economic Dynamics, the Journal of Econometrics and many others.
Population Aging, Government Policy and the Postwar Japanese Economy
25 July 2018
by Keisuke Otsu, Keio University and University of Kent; and Katsuyuki Shibayama, University of Kent. Discussion paper KDPE 1809, July 2018. Non-technical summary: The Japanese economy has gone through important transitions during the postwar period such as the gradual slowdown in economic growth and the steady increase in the share of people aged above 65 years old among the adult population. In this paper we construc...
The Missing Link: Monetary Policy and The Labor Share
19 June 2018
by Cristiano Cantore, University of Surrey; Filippo Ferroni, Federal Reserve Bank of Chicago; and Miguel A. León-Ledesma, University of Kent. Discussion paper KDPE 1808, June 2018. Non-technical summary: The mechanisms through which monetary policy (MP) affects inflation and real economic activity are central to macroeconomics. During the past few decades, New Keynesian models have constituted the dominant view of that transmission mechanism. In those...
Effects of population ageing
13 June 2018
The School's Dr Katsuyuki Shibayama (Principal Investigator), Professor Miguel León-Ledesma, and Dr Keisuke Otsu (Keio University and Honorary Lecturer at Kent) have received funding from the Murata Foundation in Japan for 2 million Yen for a project entitled: A quantitative analysis of population ageing on economic growth and income inequality. The project aims at understanding the consequences of population ageing for the joint dynamics of growth and income distributio...
Money, Macro and Finance PhD Conference
17 April 2018
The School of Economics is pleased to be hosting the 5th Money, Macroeconomics and Finance (MMF) PhD Conference on 19-20 April 2018. The conference will include sessions on macro-labour; networks effects; macro-finance; international macro; macroeconometrics; and firms, chaired by academics from each of the sponsoring institutions. Full details and the programme can be found on our website at https://www.kent.ac.uk/economics/research/MaGHiC/events/mmf-confer...
International Centre for Pension Management Award
6 April 2018
A paper by Professor Miguel León-Ledesma on ‘Population structure and asset values’ has received the 2017 International Centre for Pension Management Award. The paper, co-authored with Kate Rybczynski, Lori Curtis, Stephen Bonnar (University of Waterloo), Jaideep Oberoi (University of Kent), and Mark Zhou (CMHC), analyses the effect of changes in the age structure of population on the prize of risky and non-risky assets. Its results are i...