Thumbnail for Matchmaking to Find Homes for Refugees

Matchmaking to Find Homes for Refugees

20 Sep 2016

'Refugees who end up in unsuitable communities are more likely to be unemployed and their children are more likely to perform badly at school. When refugee placements fail due to misallocation, the long-term burden on society is much greater than if refugees are smoothly integrated. The solution to these frequent mismatches is a comprehensive, algorithm-based matching system. In the past half-century, matching systems have been used to match medical residents to hospitals,connect kidney donors with dial...

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Thumbnail for It's Time to Junk the Flawed Economic Models That Make the World a Dangerous Place

It's Time to Junk the Flawed Economic Models That Make the World a Dangerous Place

19 Sep 2016

It’s 26 years since Paul Romer shook the discipline of economics with a single research paper. Entitled Endogenous Technological Change, Romer’s article showed how information technology changed something fundamental about our world – moving the focus of economics away from land, labour and capital towards “people, ideas and things”. Last week, a generation later, Romer published what many see as an equally significant intervention. Macroeconomics, he argues, is like a science that has not only stalled...

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Thumbnail for Professor Sir Tony Atkinson honoured by the Royal Statistics Society

Professor Sir Tony Atkinson honoured by the Royal Statistics Society

13 Sep 2016

Professor Sir Tony Atkinson, Senior Research Fellow at The Institute for New Economic Thinking at the Oxford Martin School, has been awarded an honorary fellowship by the Royal Statistics Society for his pioneering work in social economics. Professor Atkinson's research focuses on the measurement of inequality and its wider implications for society. Announcing the fellowship, the Royal Statistics Society praised his research as "rooted in important substantive questions, and informed b...

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Thumbnail for John Muellbauer fact-checks Trumponomics

John Muellbauer fact-checks Trumponomics

07 Sep 2016

In a letter the the FT Prof John Muellbauer of INET Oxford criticises the economic understanding of Donald Trump’s advisor Wilbur Ross. Read the full letter here.

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Thumbnail for Modelling and forecasting mortgage delinquency and foreclosure in the UK

Modelling and forecasting mortgage delinquency and foreclosure in the UK

02 Sep 2016

INET Oxford's John Muellbauer  & Janine Aaron look at three key drivers of delinquency and foreclosure rates in the UK in a new Vox column. Mortgage delinquencies and foreclosures have serious implications, not just for the households affected, but for the financial stability of the economy. The solvency of the mortgage lenders is affected, and their ability to extend credit. This column identifies three key drivers of delinquency and foreclosure rates in the UK – the debt service ratio, the proportion of...

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Thumbnail for Stagnating median incomes despite economic growth: Explaining the divergence in 27 OECD countries

Stagnating median incomes despite economic growth: Explaining the divergence in 27 OECD countries

02 Sep 2016

INET Oxford's Prof Brian Nolan, Max Roser & Stefan Thewissen have written a column for Vox describing the divergence between household income and GDP per capita for 27 OECD countries. With inequality rising and household incomes across developed countries stagnating, accurate monitoring of living standards cannot be achieved by relying on GDP per capita alone. This column analyses the path of divergence between household income and GDP per capita for 27 OECD countries. It finds several reasons why GDP per capita has...

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Thumbnail for Forecasting Facing Breaks

Forecasting Facing Breaks

31 Aug 2016

Economic forecasting may go badly awry when there are structural breaks, such that the relationships between variables that held in the past are a poor basis for making predictions about the future. INET researchers, Jennifer Castle, Michael Clements, and David Hendry, review a body of research that seeks to provide viable strategies for economic forecasting when past relationships can no longer be relied upon. They explain why model mis-specification by itself rarely causes forecast failure, but why structural break...

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Thumbnail for Combining different technologies can help secure a low-carbon energy system, but market design needs to catch up

Combining different technologies can help secure a low-carbon energy system, but market design needs to catch up

19 Aug 2016

Integrating renewable energy resources into electricity grids will be fundamental in the transition to a low carbon energy system. However, doing so in a way that is affordable while ensuring system security and reliability does not come without its challenges. Electricity produced from wind and solar renewable resources is intermittent and increases complexity for power system operators, and it generally increases demand for greater flexibility from all the assets connected to the grid. This opens a unique opportunity to exploi...

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Thumbnail for Prof Sir Tony Atkinson advises Commission on Global Poverty

Prof Sir Tony Atkinson advises Commission on Global Poverty

26 Jul 2016

In June 2015, The World Bank’s Chief Economist convened the Commission on Global Poverty to report on the best ways to measure and monitor poverty around the world and help the World Bank Group achieve its twin goals of ending extreme poverty by 2030 and boosting shared prosperity. The Commission, made up of 24 leading international economists, was chaired by Sir Anthony Atkinson, an authority on the measurement of poverty and inequality, INET Oxford Senior Research Fellow, the Centennial Professor at London School ...

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Thumbnail for Intergenerational social mobility: a Europe wide picture

Intergenerational social mobility: a Europe wide picture

13 Jul 2016

Intergenerational social mobility refers to the relationship between the socio-economic position an individual occupies and the socio-economic position in which he or she was brought up. Over the past several years questions about the relationship between social class origin and social class destination have occupied public discussion to a degree not seen in decades. Researchers from The Institute for New Economic Thinking at the Oxford Martin School have written the latest blog post for the 3rd International European Socia...

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Thumbnail for Economists gather to examine the different components of national wealth

Economists gather to examine the different components of national wealth

01 Jul 2016

A group of distinguished economists from universities, national governments, UN agencies and the private sector gathered at Waddesdon Manor in Buckinghamshire from 20-21 June 2016. Generously supported by Citi as well as the Rothschild Foundation, ‘The Wealth Conference’ was convened by Professor Cameron Hepburn of the Institute for New Economic Thinking at the Oxford Martin School and Professor Kirk Hamilton of the London School of Economics, in order to shine a spotlight on national wealth accounting, which goes be...

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Thumbnail for The Psychology of Voting to Leave the EU

The Psychology of Voting to Leave the EU

30 Jun 2016

People in Great Britain felt their leaders weren’t treating them fairly.  Politicians in the U.S. should take note. Eric Beinhocker, INET Oxford's Executive Director writing in the US journal The Atlantic. Britain’s Brexit vote has shocked the political elites of both the U.S. and Europe. The vote wasn’t just about the EU; in fact, polls before the referendum consistently showed that Europe wasn’t top on voters’ lists of concerns. But on both sides of the Atlantic Ocean, large ...

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