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.
Miguel appointed Fellow of CEPR
7 January 2019
Congratulations to Professor Miguel León-Ledesma on his appointment as Fellow of the Centre for Economic Policy Research (CEPR). The prestigious CEPR is a research network of economists established in 1983 to enhance economic policy making in Europe. Based in London, CEPR's network of Research Fellows and Affiliates includes over 1,000 of the top economists in the world conducting research on issues affecting the European economy. ...
A Simple Model of Growth Slowdown
10 December 2018
by Dr Katsuyuki Shibayama, University of Kent. Discussion paper KDPE 1813, October 2018. Non-technical summary: After the Great Recession around 2007-8, the U.K. has experienced the slowdown of the labour productivity; known as 'productivity puzzle'. Although it is widely recognized as the stagnation of the labour productivity, not surprisingly, it coincides with the flattening of the total factor productivity (TFP). Japan also has experienced...
Measured Productivity with Endogenous Markups and Economic Profits
8 November 2018
by Dr Anthony Savagar, University of Kent. Discussion paper KDPE 1812, October 2018. Non-technical summary: A standard way to measure productivity is to take output growth and subtract input growth. Typically input growth is growth in capital and growth in labor weighted by their share in production. Whatever remains after subtracting is known as total factor productivity (TFP). Under specific circumstances, this produ...
Endogenous Time-Varying Volatility and Emerging Market Business Cycles
20 October 2018
by Jan-Philipp Dueber, University of Kent. Discussion paper KDPE 1811, August 2018. Non-technical summary: Time-varying volatility plays a crucial role in understanding business cycles in emerging market economies. There is now plentiful empirical evidence that volatility as measured by the standard deviation in macroeconomic data is time-varying and strongly countercyclical. Volatility increases during an economic rec...
Grant success for Anthony!
1 September 2018
Congratulations to Dr Anthony Savagar, Lecturer in Macroeconomics, on winning an ESRC Research Award for £200,000 for his project ‘Firm Dynamics, Market Power and Productivity Puzzles’. The UK economy faces a productivity puzzle: persistently low levels of output per worker since the 2007 Great Recession, which are largely unexplained. The aim of the project ‘Firm Dynamics, Market Power and Productivity Puzzles’ is to analyse UK business microdata to underst...