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.
Find out moreCRETA
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.
Find out moreQAPEC
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.
Find out moreDevelopment 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.
Find out moreEconometrics 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.
Find out moreExperimental 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”).
Find out moreMacroeconomics 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.
Find out moreMicroeconomic 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.
Find out morePolitical 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.
Find out moreDR@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.
Find out moreEPEC
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.
Find out more
Thu 23 Nov, '23- |
Macro/International Seminar - Arpad Abraham (Bristol)S2.79Title: Optimal Income Redistribution (this paper is a work in progress) |
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Mon 27 Nov, '23- |
Economic History Seminar - Bruno Caprettini (St Gallen)S2.79Title: You Only Weave Twice: Industrial Espionage and Economic Growth in XIX Century France Can state-sponsored industrial espionage promote innovation and lead to self-sustained growth? We study the effect of 18th century French industrial espionage activity on French innovation and industrial activity in the XIX century. Between 1730 and 1800 the French Bureau of Commerce promoted an ambitious plan aimed at stealing from Britain the new technologies of the Industrial Revolution, bribing British entrepreneurs and inventors to leave England and bring their expertise to France. We assemble a novel database with a comprehensive list of French espionage activity between 1730-1800 and combine it with newly-digitized 17th 18th century industrial surveys, 1800s industrial censuses, and the full list of early French patents. We find large, positive, and persistent effects of industrial espionage on industrial activity and innovation. This paper is joint with Julian Langer (UZH) and Raffaele Blasone (LSE). |
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Mon 27 Nov, '23- |
Econometrics Seminar - Dmitry Arkhangelsky (CEMFI)S2.79Title: Design-Robust Two-Way-Fixed-Effects Regression For Panel Data (paper) |
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Tue 28 Nov, '23- |
MIEW (Macro/International Economics Workshop) - Anshumaan Tuteja (PGR)S2.79Title: What explains the stock market’s response to QE policy?
Abstract: This paper analyses the effects of Quantitative easing (QE) on the US stock market by decomposing the S&P500 index into two components, its risk-neutral fundamental value, and the equity premium. The causal effects of QE are identified by using an instrumental variable (IV) that is based on high-frequency price revisions of the medium-long end of the yield curve, triggered by Federal Open Market Committee (FOMC) policy announcements. Stylized facts indicate that these price revisions are correlated with information and risk premia shocks, potentially biasing the dynamic effects of QE policy. The IV is constructed by controlling for such non-monetary shocks using a novel two step approach. Findings from a Structural Vector Autoregression (SVAR) model suggest that a QE policy shock increases the stock index, due to a rise in the risk-neutral fundamental component and a fall in the equity premium component. Both components display persistence, with the equity premium response declining gradually over a period of two years. This confirms QE’s ability to compress risk premium in stock markets.
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Tue 28 Nov, '23- |
CWIP (CAGE Work in Progress) - Amira Elasra (Warwick)S2.79Title to be advised. |
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Tue 28 Nov, '23- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Virginia Minni (Chicago Booth)S2.79Title: Making the invisible hand visible: Managers and the allocation of workers to jobs Abstract: Why do managers matter for firm performance? This paper provides evidence of the critical role of managers in matching workers to jobs within the firm using the universe of personnel records from a large multinational firm. The data covers 200,000 white-collar workers and 30,000 managers over 10 years in 100 countries. I identify good managers as the top 30% by their speed of promotion and leverage exogenous variation induced by the rotation of managers across teams. I find that good managers cause workers to reallocate within the firm through lateral and vertical transfers. This leads to large and persistent gains in workers' career progression and productivity. Seven years after the manager transition, workers earn 30% more and perform better on objective performance measures. In terms of aggregate firm productivity, doubling the share of good managers would increase output per worker by 61% at the establishment level. My results imply that the visible hands of managers match workers' specific skills to specialized jobs, leading to an improvement in the productivity of existing workers that outlasts the managers' time at the firm. Paper is here: https://sticerd.lse.ac.uk/dps/eopp/eopp72.pdf
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Wed 29 Nov, '23- |
CAGE-AMES Workshop - Priyama Majumdar (PGR, Warwick)S2.79Title: Media: The Unelected Government, (joint with Elaheh Fatemipour (PGR)) |
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Wed 29 Nov, '23- |
CRETA Seminar - Shota Ichihashi (Queen's University)S2.79Title to be advised. |
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Thu 30 Nov, '23- |
Macro/International Seminar - Nick Pretnar (UCSB)S2.79Title: Measuring Inequality with Consumption Time. |
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Mon 4 Dec, '23- |
Econometrics - Ashesh Rambachan (MIT)S2.79Title to be advised. |
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Tue 5 Dec, '23- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Winnie Van Dijk (Yale)S2.79Title: Right-to-Counsel and rental housing markets: quasi-experimental evidence from New York |
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Wed 6 Dec, '23- |
CAGE-AMES WorkshopS2.79Title to be advised. |
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Wed 6 Dec, '23- |
CRETA Theory Seminar - Andrew Rhodes (Toulouse)S2.79Title: Personalized Pricing and Competition (joint with Jidong Zhou). |
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Thu 7 Dec, '23- |
Teaching & Learning Seminar - Simon Halliday (Bristol)S2.77 Cowling RoomSimon is going to give a talk on the following: "What do we think an economist should know? A Machine Learning investigation of research and intermediate-level textbooks" which is a joint paper with Sam Bowles, Wendy Carlin, and Sahana Subramanyam Link here: https://www.dropbox.com/scl/fi/3kfmbr6w6s30z0sax3ch5/What_do_we_think_bchs_2023.09.pdf?rlkey=ft35knde0oqnv6zhits2uo1z1&dl=0 |
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Tue 9 Jan, '24- |
SeminarS0.11 |
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Wed 10 Jan, '24- |
SeminarS2.79 |
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Thu 11 Jan, '24- |
SeminarS2.79 |
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Fri 12 Jan, '24- |
SeminarS0.11 |
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Mon 15 Jan, '24- |
SeminarS2.79 |
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Tue 16 Jan, '24- |
SeminarS2.79 |
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Wed 17 Jan, '24- |
SeminarS2.79 |
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Thu 18 Jan, '24- |
SeminarS2.79 |
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Tue 23 Jan, '24- |
SeminarS2.79 |
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Wed 24 Jan, '24- |
SeminarS2.79 |
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Thu 25 Jan, '24- |
SeminarS2.79 |
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Fri 26 Jan, '24- |
SeminarS0.23 |
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Wed 31 Jan, '24- |
SeminarS2.79 |
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Thu 1 Feb, '24- |
SeminarS2.79 |
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Tue 6 Feb, '24- |
MIEW (Macroeconomics/International Economics Workshop) - Gavin Hassall (PGR)S2.79Title: The macroeconomics effects of noisy central bank communication |
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Tue 6 Feb, '24- |
SeminarS2.79 |