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Copy of Research

Our objective is to engage in innovative research that extends the frontiers of the discipline, contributing to a deeper understanding of how modern economies function, and how they can adapt to future challenges. Our research spans almost all the major sub-fields of economics.

As a Department, we are consistently ranked in the top 30 in the world, and in the top 10 in Europe, for the quality of our research output. For example, we are ranked 20th in the world and 5th in Europe in the most recent Tilburg University ranking of Economics departments, and we are currently 25th in the world, and 6th in Europe, in the most recent QS University Rankings.

In the most recent Research Excellence Framework (REF 2014) to evaluate the research output of UK Universities, Warwick was ranked 4th in the UK, behind only the LSE, UCL and Oxford, on a measure that takes into account both the proportion of faculty submitted and the quality of outputs submitted. In our submission, 45% of our research was rated as 'world -leading' (4*) and a further 51% rated as 'internationally excellent' (3*).

Research in the Department is based in a number of Research Groups, each of which has its own seminar or workshop series. The interests of individual researchers often overlap the Groups; the purpose of the Groups is to allow Department members with similar interests to meet regularly and to support each other's research.

CAGE

Established in 2010 and funded by the ESRC, CAGE conducts policy-driven economics research informed by culture, history and behaviour. We analyse historical and contemporary data to draw out lessons for modern policy.

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CRETA

CRETA coordinates collaborative research in economic theory, its applications and in multi-disciplinary projects with related disciplines such as applied mathematics, biology, philosophy and political science.

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QAPEC

QAPEC provides a framework to coordinate collaborative research in quantitative and analytical political economy within the University of Warwick as well as with the Centre’s UK and international networks and partners.

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Development and History

Members of the Development and Economic History Research Group combine archival data, lab-in-the-field experiments, randomised controlled trials, text analysis, survey and secondary data along with theoretical tools to study issues in development and economic history.

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Econometrics and Labour

The Econometrics and Labour Research Group covers a wide number of topics within the areas of modern econometric theory and applications, e.g. the econometrics of networks, as well as labour economics, e.g. the economics of education, gender economics, technology and innovation.

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Experimental and Behavioural Economics

The Experimental and Behavioural Economics Research Group draws its membership from economists based at the Warwick Department of Economics who work in the fields of experimental economics, behavioural economics and/or subjective wellbeing (“Happiness Economics”).

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Macroeconomics and International Economics

The Macroeconomics and International Economics Research Group consists of faculty and PhD students and its research work centres around macroeconomics, international finance and international trade.

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Microeconomic Theory

The Microeconomic Theory Research Group works closely with the Centre for Research in Economic Theory and Its Applications (CRETA). Members of the Group work in economic theory, in its applications, and in multidisciplinary projects with areas such as applied mathematics, biology, philosophy and political science.

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Political Economy and Public Economics

The Political Economy and Public Economics Research Group investigates topics from two disciplines which have natural complementarities. Political economy focuses more on the political feasibility of certain policies whereas public economics tries to determine which policies are optimal in every environment.

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DR@W

An interdisciplinary initiative for researchers at the University interested in experimental and behavioural science with important implications for economics, psychology, management, marketing and statistics.

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EPEC

The European Political Economy Consortium fosters high-quality research in political economy by facilitating exchange among the leading European centres in political economy. It consists of five founding institutions, including Warwick.

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Mon 10 Mar, '25
-
Economic History Seminar - Arthi Vellore (UCI)
S2.79

Title: Traumatic Financial Experiences and Persistent Changes in Financial Behavior: Evidence from the Freedman's Savings Bank 

Abstract: The failure of the Freedman's Savings Bank (FSB), one of the only Black-serving banks in the early post-bellum South, was an economic catastrophe and one of the great episodes of racial exploitation in post-Emancipation history. It was also most Black Americans' first experience of banking. Can events like these permanently alter financial preferences and behavior? To test this, we examine the impact of FSB collapse on life insurance-holding, an accessible alternative savings vehicle over the late 19th and early 20th centuries. We document a sharp and persistent increase in insurance demand in affected counties following the shock, driven disproportionately by Black customers. We also use FSB migrant flows to disentangle place-based and cohort-based effects, thus identifying psychological and cultural scarring as a distinct mechanism underlying the shift in financial behavior induced by the bank's collapse. Horizontal and intergenerational transmission of preferences help explain the shock’s persistent effects on financial behavior.

Mon 10 Mar, '25
-
Econometrics Seminar - Wen Zhou (NYU)
S2.79

Title: Identification of Informative Core Structures in Weighted Directed Networks with Uncertainty Quantification

Abstract: In network analysis, noises and biases, which are often introduced by peripheral or non-essential components, can mask pivotal structures and hinder the efficacy of many network modeling and inference procedures. Recognizing this, identification of the core--periphery (CP) structure has emerged as a crucial data pre-processing step. While the identification of the CP structure has been instrumental in pinpointing core structures within networks, its application to directed weighted networks has been underexplored. Many existing efforts either fail to account for the directionality or lack the theoretical justification of the identification procedure. In this work, we seek answers to three pressing questions: (i) How to distinguish the informative and noninformative structures in weighted directed networks? (ii) What approach offers computational efficiency in discerning these components? (iii) Upon the detection of CP structure, can uncertainty be quantified to evaluate the detection? We adopt the signal-plus-noise model, categorizing different types of noninformative relational patterns, by which we define the sender and receiver peripheries. Furthermore, instead of confining the core component to a specific structure, we consider it complementary to either the sender or receiver peripheries. Based on our definitions on the sender and receiver peripheries, we propose spectral algorithms to identify the CP structure in directed weighted networks. Our algorithm stands out with statistical guarantees, ensuring the identification of sender and receiver peripheries with overwhelming probability. Additionally, we propose a hypothesis testing framework to infer CP structure upon detection. Our methods scale effectively for expansive directed networks. Implementing our methodology on faculty hiring network data revealed captivating insights into the informative structures and distinctions between informative and noninformative sender/receiver nodes across various academic disciplines.

This is a joint work with Wenqin Du, Tianxi Li, and Lihua Lei.

Tue 11 Mar, '25
-
CWIP (CAGE Work in Progress) Workshop - Yang Xun (Warwick)
S2.79

Title to be advised.

Tue 11 Mar, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Daniele Paserman (BU)
S2.79

Title to be advised.

Wed 12 Mar, '25
-
Teaching & Learning Seminar - Alex Squires (Manchester)
S0.18

Title: Engaging students during and after lectures

Wed 12 Mar, '25
-
CAGE-AMES Workshop - Margot Belguise (Warwick PGR)
S2.79

Title to be advised.

Wed 12 Mar, '25
-
CRETA Seminar - Catherine Bobtcheff
S2.79
Thu 13 Mar, '25
-
Macro/International Seminar - Amy Handlan (Brown)
S2.79

Title to be advised.

Tue 22 Apr, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Libertad Gonzalez (UPF)
S2.79

Title to be advised.

Tue 29 Apr, '25
-
CRETA Seminar - Larry Samuelson (Yale)
S2.79

Title to be advised.

Wed 30 Apr, '25
-
Teaching & Learning Seminar - Mathilde Peron (York)
S0.08

Title: Embedding careers in the curriculum

Thu 1 May, '25
-
Macro/International Seminar - Ethan Ilzetski (LSE)
S2.79

Title to be advised.

Thu 1 May, '25
-
Econometrics Seminar - Yushi Peng (Tilburg)
S2.79

Title to be advised.

Tue 6 May, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Mushfiq Mubarak (Yale)
S2.79

Title to be advised.

Wed 7 May, '25
-
Econometrics Seminar - Max Farrell
S2.79

Title to be advised.

Wed 7 May, '25
-
CRETA Seminar - Roberto Corrao (Stanford)
S2.79

Title to be advised.

Thu 8 May, '25
-
Macro/International Seminar - Rachel Ngai (LSE)
S2.79

Title to be advised.

Mon 12 May, '25
-
Economic History Seminar - Andreas Ferrara (Pitt)
S2.79

Title: The U.S. Civil War’s Impact on Women’s Work and Political Participation.

This is joint work with Madison Arnsbarger (Weber State) and Paige Montrose (Pittsburgh)

Mon 12 May, '25
-
Econometrics Seminar - Francesca Molinari (Cornell)
S2.79

Title to be advised.

Tue 13 May, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Elias Papaiannou (LBS)
S2.79

Title to be advised.

Wed 14 May, '25
-
Teaching & Learning Seminar - Anthi Chondrogianni (Bristol)
S0.10

Title: Search for work during students' higher education journey

Authors: Anthi Chondrogianni and Ahmed Pirzada

Wed 14 May, '25
-
CRETA Seminar - Drew Fudenberg (MIT)
S2.79

Title to be advised.

Thu 15 May, '25
-
Macro/International Seminar - Keith Head (UBC)
S2.79

Title to be advised.

Mon 19 May, '25
-
Economic History Seminar - Stephan Heblich (Toronto)
S2.79

Title to be advised.

Mon 19 May, '25
-
Econometrics Seminar - Matias Cattaneo (Princeton)
S2.79

Title to be advised.

Tue 20 May, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Pauline Grosjean (UNSW)
S2.79

Title to be advised.

Wed 21 May, '25
-
CRETA Seminar - Agathe Pernoud (Chicago)
S2.79

Title to be advised.

Thu 22 May, '25
-
Macro/International Seminar - Elisa Keller (Essex)
S2.79

Title to be advised.

Tue 27 May, '25
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Jessie Handbury (UPenn)
S2.79

Title to be advised.

Wed 28 May, '25
-
Teaching & Learning Seminar - Cloda Jenkins (Imperial College Business School)
S0.08

Title: Designing Assessments in an AI World

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Research Impact

Our research seeks to generate knowledge that can be used to strengthen economies and benefit societies around the world. From migration and trade to international development and preventing financial crises, we address some of the most pressing issues of our time and provide recommendations to policymakers and other stakeholders.

Our academics collaborate with organisations including the Bank of England, international and local governments, think tanks and NGOs. They are sought-after in public service roles, regularly providing advice to parliamentary committees and serving on government advisory boards.

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Working Papers

Our Working Papers series feature new ideas and research from academics within the Department of Economics.

The vast majority of papers are available online, the earliest of which is from 1975. If a paper is unavailable online, hard copies can be requested free of charge.