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Political Economy and Public Economics

Political Economy and Public Economics

The Department of Economics at the University of Warwick has an active Political Economy and Public Economics (PEPE) Research Group. These two disciplines have natural complementarities. Political Economy focuses more on the political feasibility of certain policies by looking at which policies are more likely to enjoy public support and thus succeed in an electoral contest. Public economics looks more at determining which policies are optimal in every environment, but is less concerned about their political approval or feasibility.

Recent world events such as the public backlash against globalization and inequality have raised awareness for the need for more integration between these two approaches as political resistance to the adoption of potentially beneficial policies has become ever more salient. Hence by their very nature these two disciplines transcend traditional field divisions such as micro and macroeconomics: they use theoretical, empirical and experimental methods to obtain conclusions, thus generating synergies with various other groups in our department from development to experimental to history to macroeconomics to economic theory.

Our activities

PEPE Research Group Seminar

Thursday: 11.15am-12.30pm
A weekly seminar is organised that brings top economists and political scientist speakers every week for a double-feature seminar in coordination with the LSE.

For a detailed scheduled of speakers please follow the link below:

https://warwick.ac.uk/fac/soc/economics/seminars/seminars/political-economy 

Organisers: Michela Redoano and Mateusz Stalinski

PEPE Research Group Annual Conference

In collaboration with colleagues from Princeton and Yale, and with the support of CEPR, the PEPE Research Group organises an annual conference which has become a central meeting of political economists in Europe. Having taken place in previous years in Venice and Rome, it attracts over 70 delegates attending from leading institutions in the US, EU and the UK. Every year, several of our PhD students get to participate in a fully funded conference with an opportunity to engage with leading scholars.

Find out more about this year's conference which will take place 26-27 April 2024 in Rome.

Organisers: Helios Herrera, Mateusz Stalinski

People

Academics

Academics associated with the Reseach Group Name research group are:


Michela Redoano

Co-ordinator

Helios Herrera

Deputy Co-ordinator

Events

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Thu 21 Nov, '24
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PEPE Seminar (Political Economy and Public Economics) Seminar - Hunter Rendleman (Harvard)
S2.79

Title: Bound Together: Racial Peer Effects and Caucus Control in the U.S. Congress

Abstract: This paper argues that MCs’ social groups and the norms of behavior that define them can powerfully constrain legislators’ behaviors. Guided by insights from scholarship on legislative organizations and identity politics, I test my argument using the case of Black MCs and the Congressional Black Caucus (CBC). My main empirical strategy uses an original data set of committee hearing transcripts from 2007 to 2019 and a design that exploits members’ exposure to fellow Black MCs on their various committee assignments to uncover the impact of group pressures on CBC members. I show that the effect of serving on a committee with more co-ethnic legislators varies by a given MC’s type: Members that are more aligned with the interests of the CBC — those that are left-leaning and represent more-Black Congressional districts — participate more in committee hearings, and members that are less aligned participate less. I then show using a series of empirical tests and qualitative evidence drawing on eliteinterviews that this pattern of results is driven by in-group sanctions for behavior that is inconsistentwith caucus wishes. Together, the theory and findings shed light on the role of groups and their norms in shaping elite behavior and provide evidence for the contextual nature of legislative Black political behavior.

Thu 21 Nov, '24
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MIWP Workshop - Daniele Condorelli (Warwick)
S2.79

Title to be advised.

Thu 21 Nov, '24
-
Macro/International Seminar - Lidia Smitkova (Oxford)
S2.79

Title: Dissecting Structural Change in an Open Economy.

Here is the linkLink opens in a new window.

Abstract -- This paper studies the role of trade and international borrowing in driving structural change. I decompose the change in manufacturing shares into contributions by sectoral expenditure shares, trade shares, and aggregate trade imbalances, and map these into structural primitives in a quantitative trade model with endogenous borrowing. Using data from twenty economies, I show that trade specialization and international borrowing explain 34% of the average change in the manufacturing share, half of the cross-country heterogeneity in the patterns of industrialization, half the dynamics in high-technology subsectors of manufacturing, and much of the China-driven deindustrialization and ‘miracle’ industrialization in South Korea.

Thu 21 Nov, '24
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EBER Seminar - John Conlon
S2.77 Cowling Room

Title: Memory Rehearsal and Belief Biases

Abstract: We rely on memory to form beliefs, but we also frequently revisit memories in conversation and private reflection. I show experimentally that such rehearsal of past experiences generates systematic belief biases. Participants are given a set of experiences and then randomized to have conversations about a subset of them, either ones that reflect well or poorly on them. Such rehearsal has large effects on which of the original experiences participants can recall a week later. Crucially, participants appear naive about rehearsal effects: they take what they remember at face value when later incentivized to form accurate beliefs about the full set of original experiences. Rehearsal therefore distorts not only future recall but also future beliefs. Participants also make rehearsal choices without regard to their later distortionary effects. Intrinsic preferences for thinking about certain experiences instead drive rehearsal choices and therefore belief biases: in particular, a preference to reflect on positive experiences unintentionally generates a positivity bias in future recall and beliefs. This mechanism provides a new non-strategic channel through which seemingly motivated beliefs arise and generates novel predictions in a range of economic domains.

Tue 26 Nov, '24
-
MIEW (Macro/International Economics Workshop) - Damiano Raimondo (PGR)
S2.79

Title to be advised.

Tue 26 Nov, '24
-
CWIP Workshop - Anjali Adukia (Chicago)
S2.79

Title: Separation of Church and State Curricula? Examining Public and Religious Private School Textbooks (with Emileigh Harrison)

Abstract: Curricular materials not only impart knowledge but also instill values and shape collective memory. Growth in U.S. school choice programs has increased public funds directed to religious schools, but little is known about what is taught. We examine textbooks from public schools in Texas and California and from religious private and home schools, applying and improving upon artificial intelligence tools to measure topics, values, representation, and portrayal over time. Political polarization suggests a narrative of divergence, but our analysis reveals meaningful parallels between the public school collections overall, while religious textbooks differ notably, featuring less female representation, characters with lighter skin, more famous White individuals, and differential portrayal of topics such as evolution and religion. Important similarities, however, also emerge: for example, each collection portrays females in contexts that are more positive but less active and powerful than males, and depicts the U.S. founding era and slavery in similar contexts.

Tue 26 Nov, '24
-
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Richard Hornbeck (Chicago Booth)
S2.79

Title: The Social Construction of Race after Emancipation: US Census Racial Assignment Based on Skin Tone, Wealth, and Literacy (joint with Anjali Adukia and Daniel Keniston)

Wed 27 Nov, '24
-
SERG (Spatial Economics Reading Group)
S2.86
Wed 27 Nov, '24
-
CAGE-AMES Workshop - Shobhit Kulshrestha (Tilburg)
S2.79

Title to be advised.

Wed 27 Nov, '24
-
CRETA Seminar - Frank Yang (Stanford)
S2.79

Title to be advised.

Thu 28 Nov, '24
-
PEPE Seminar (Political Economy and Public Economics) Seminar - Luca Braghieri (Bocconi)
S2.79

Title to be advised.

Thu 28 Nov, '24
-
MIWP Workshop - Toomas Hinnosaar (Nottingham)
S2.79

Title: Pricing Novel Goods (joint work with Francesco Giovannoni)

The latest draft is available here: http://toomas.hinnosaar.net/novelgoods.pdf

Thu 28 Nov, '24
-
Macro/International Seminar - Tasos Karantounias
S2.79

Title to be advised.

Thu 28 Nov, '24
-
EBER (DR@W) Seminar - Sanchayan Banerjee
S2.77 Cowling Room

The title of presentation will be: An experimental evaluation of the acceptability of meat taxes. Evidence from Denmark, Germany, Netherlands and the UK.

Short bio: Sanchayan Banerjee is an Associate Professor (Sr. Lecturer) in Economics and Public Policy at King’s College London. Before this, he was an Assistant Professor of Environmental Economics at Vrije Universiteit Amsterdam. He is a visiting fellow of the London School of Economics and Political Science and an affiliate of Amsterdam Sustainability Institute. His research focuses on developing citizen-oriented, participatory behavioural public policies and testing them in areas of food and energy policy, public health and charitable donations. He is an Editor of Behavioural Public Policy, an editorial member of Scientific Reports and PLOS One, and an Associated Editor of Humanities and Social Sciences Communications journals. He sits on the Steering Committee of the International Behavioural Public Policy Association. He is the founding chair and convener of Behavioural Transformations, an annual workshop of behavioural public policy for early career researchers. Sanchayan holds a PhD (2022) and MSc (2018) from the London School of Economics

Thu 28 Nov, '24
-
Econometrics Seminar - Ivan Fernandez-Val (Boston)
L5

Title to be advised.

Thu 28 Nov, '24
-
PhD BERG (Behavioural & Experimental Reading Group) - George Ferridge (PGR)
S2.86
Mon 2 Dec, '24
-
Econometrics Seminar - Hiroaki Kaido (Boston)
S2.79
Tue 3 Dec, '24
-
MIEW (Macro/International Economics Workshop) - Sotiris Blanas
S2.79

Title: International Sourcing, Domestic Labour Costs, and Producer Prices (joint with M. Zanardi, Sussex)

Tue 3 Dec, '24
-
CWIP (CAGE Work in Progress) Workshop - Bhaskar Chakravorty
S2.79

Title to be advised.

Wed 4 Dec, '24
-
CAGE-AMES Workshop - Kyle Boutilier (PGR)
S2.79

Title to be advised.

Wed 4 Dec, '24
-
Econometrics Seminar - Bruno Ferman
TBA

Title to be advised.

Wed 4 Dec, '24
-
CRETA Theory Seminar - Sulagna Dasgupta (Bonn)
S2.79

Title to be advised.

Thu 5 Dec, '24
-
Teaching & Learning Seminar - Alvin Birdi (Bristol)
S0.08

Title to be advised.

Thu 5 Dec, '24
-
MIWP Workshop - Yating Yuan (Warwick PGR)
S2.79

Title to be advised.

Thu 5 Dec, '24
-
EBER (DR@W) Seminar - Bruno Ferman
S2.79

Title to be advised.

Thu 5 Dec, '24
-
PhD Behavioural Reading Group
S2.86
Wed 11 Dec, '24
-
CRETA Seminar - Sevgi Yuksel
S2.79

Title to be advised.

Wed 12 Feb, '25
-
CRETA Seminar - Zoe Hiztig
S2.79

Title to be advised.

Mon 17 Feb, '25
-
Economic History Seminar - Toike Aidt (Cambridge)
S2.79

Title to be advised.

Wed 19 Feb, '25
-
CRETA Seminar - Jeanne Hagenbach
S2.79

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