Our IKE Program develops macroeconomic models that are open to unforeseeable structural change and that avoid the presumption that market participants are irrational. This program is also developing econometric methodology that is suitable for testing time-series implications of IKE models.
The Human Capital and Economic Opportunity Global Working Group (HCEO) is an interdisciplinary collaboration incorporating biological, sociological and psychological perspectives into traditional economic questions of inequality and human capital.
As the pace of financial crises quickens and the volatility of economic shocks intensifies, we need new ways to understand and respond to instability. This program coordinates our research efforts on finance, macroeconomics, and monetary economics.
Inequality and distribution—areas underserved by mainstream economics—sit at the heart of The Institute’s work. This program brings together researchers from a variety of disciplines to develop alternative approaches to the problem of inequality.