University of Birmingham

Department of Economics

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Money, Macroeconomics & Finance

Group Leader: Professor John Fender

There are six members of the group, one of whom is also a member of the Political Economy and Economy Policy group. Many PhD students are undertaking research projects supervised by group members, and the department has very strong MSc programmes in the fields of money, banking and finance. Members of the group have well-established links with major research and policy-making institutions such as the Bank of England and European Central Bank, and engage in collaborative research with colleagues at other universities in Europe, the United States and other parts of the world.

Specialist areas of research include: history and methodology of macroeconomics, financial sector reform in China, real options analysis applied to questions of monetary union and disintegration, effects of exchange-rate based disinflation, persistence and nominal inertia with heterogeneous price/wage contacts, macroeconomics and development, growth with endogenous institutions and the macroeconomics of oil.

Recent Activities: The group has organised conferences on monetary policy and on new Keynesian macroeconomics, and sponsors overseas visitors to engage in collaborative research. Lectures and seminars by outside speakers have covered topics such as inflation persistence, macroeconometrics, monetary policy and debt dynamics and capital controls and dual exchange rates.

Publications:

Please click on each group member's name to see their publications on their personal pages:

Roger Backhouse
David Dickinson
John Fender
Somnath Sen
Peter Sinclair
Frank Strobel