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.
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...
Growth at the extremes
15 January 2018
The American Economic Association has featured a research paper by Dr Christian Siegel in their ‘Chart of the Week‘. The paper entitled ‘Job Polarization and Structural Change’ (with Zsófia Bárány, Sciences Po) was also published in the January 2018 issue of the American Economic Journal: Macroeconomics. You can read the full article here. Abstract We document that job polarization—contrary to the consensus—has started as early as the...
Financial frictions in macroeconomic models
20 December 2017
by Alfred Duncan, University of Kent and Charles Nolan, University of Glasgow, discussion paper KDPE 1719, December 2017. Non-technical summary: In recent decades, macroeconomic researchers have looked to incorporate financial intermediaries explicitly in business cycle models. These modelling developments have helped us to understand the role of the financial sector in the transmission of policy and external shocks into macroeconomic dynamics. They have al...