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
Research Students
Events
Wed 12 Feb, '25- |
CRETA Seminar - Zoe HiztigS2.79Title to be advised. |
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Mon 17 Feb, '25- |
Economic History Seminar - Toike Aidt (Cambridge)S2.79Title: Can democratic reforms promote political activism? Evidence from the Great Reform Act of 1832 (with Gabriel Leon-Ablan) Abstract: Activists play a key role in the process of democratic transition and consolidation. How is their activism affected by democratic reforms? We study how local activism responded to the changes in representation introduced by Britain’s Great Reform Act. This reform removed all parliamentary representation from some areas; other areas gained representation for the first time. We exploit exogenous variation in which areas lost and gained representation and measure activism using the number of petitions each area sent to parliament. We find that petitioning increased in areas that gained representation, partly because of greater civil society mobilization. We also find that petitioning fell in areas that lost representation. This shows that pro-democratic reforms can promote political activism, while anti-democratic reforms can decrease it. In the case of Britain, there could have been positive feedback between activism and reform, making democratization a path-dependent process and the Great Reform Act its critical juncture. |
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Wed 19 Feb, '25- |
CRETA Seminar - Jeanne HagenbachS2.79 |
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Mon 24 Feb, '25- |
Economic History Seminar - Noam YuchtmanS2.79Title to be advised. |
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Tue 25 Feb, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Wed 26 Feb, '25- |
Teaching & Learning Seminar - Mike Peacey (Bristol)S0.08Title: Self-Control and Attending Class |
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Wed 26 Feb, '25- |
CRETA Seminar - Antonio Cabrales (Universidad Carlos III)S2.79 |
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Thu 27 Feb, '25- |
PEPE Seminar (Political Economy and Public Economics) Seminar - to be advised.S2.79 |
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Thu 27 Feb, '25- |
Macro/International Seminar - Martina Kirchberger (TCD)S2.79Title to be advised. |
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Mon 3 Mar, '25- |
Economic History Seminar - David Jacks (NUS)S2.79Title: "Suez". Abstract: For all its importance, we lack a comprehensive quantitative assessment of the Suez Canal’s opening in 1869. We find that it led to a 72% relative increase in bilateral exports for affected country pairs, potentially suggesting a 12% permanent increase in world trade. We also consider the composition of trade, finding that Suez led to large, concentrated changes in export shares and increased the extensive margin of exports. Finally, shipping cost calculations show that the relative cost of using steamships fell dramatically and immediately after 1869, pointing to a vital role for Suez in the diffusion of steam technology. |
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Tue 4 Mar, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Wed 5 Mar, '25- |
CRETA Seminar - Nikhil VellodiS2.79 |
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Thu 6 Mar, '25- |
PEPE Seminar (Political Economy and Public Economics) Seminar - to be advised.S2.79 |
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Thu 6 Mar, '25- |
Macro/International Seminar - Jonas Gathen (CEMFI)S2.79Title to be advised. |
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Mon 10 Mar, '25- |
Economic History Seminar - Arthi Vellore (UCI)S2.79Title: 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. |
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Tue 11 Mar, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Wed 12 Mar, '25- |
Teaching & Learning Seminar - Peter Dawson (UEA)S0.18Title to be advised. |
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Wed 12 Mar, '25- |
CRETA Seminar - Catherine BobtcheffS2.79 |
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Thu 13 Mar, '25- |
Macro/International Seminar - Amy Handlan (Brown)S2.79Title to be advised. |
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Tue 22 Apr, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Thu 24 Apr, '25- |
PEPE Seminar (Political Economy and Public Economics) Seminar - to be advised.S2.79 |
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Tue 29 Apr, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Tue 29 Apr, '25- |
CRETA Seminar - Larry Samuelson (Yale)S2.79Title to be advised. |
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Wed 30 Apr, '25- |
Teaching & Learning Seminar - Mathilde Peron (York)S0.08Title: Embedding careers in the curriculum |
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Thu 1 May, '25- |
PEPE Seminar (Political Economy and Public Economics) Seminar - to be advised.S2.79 |
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Thu 1 May, '25- |
Macro/International Seminar - Ethan Ilzetski (LSE)S2.79Title to be advised. |
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Thu 1 May, '25- |
EBER (DR@W) Seminar - Daniel BenjaminTBATitle to be advised. |
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Tue 6 May, '25- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Wed 7 May, '25- |
CRETA Seminar - Roberto Corrao (Stanford)S2.79Title to be advised. |
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Thu 8 May, '25- |
PEPE (Political Economy & Public Economics) Seminar - Ro'ee Levy (TelAviv)S2.79Title to be advised. |