NSF Award to Support Macrofinance Research

Friday, Apr 17, 2020

 The National Science Foundation has awarded funding to Atif Mian, Ernest Liu and Karsten Müller for macrofinance related research. Mian is John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy and Finance at Princeton University, and Director of the Julis-Rabinowitz Center for Public Policy & Finance (JRCPPF) at the Woodrow Wilson School. Ernest Liu is Assistant Professor of Economics and a former postdoctoral associate at the JRCPPF. Karsten Müller is currently a JRCPPF postdoctoral associate.

The award will support the ongoing work of the Center’s Macrofinance Lab. The project will develop an open-source textbook and data-sharing platform to promote teaching and research about the linkages between finance, debt, and macro-level outcomes. The textbook will help disseminate new micro-empirical techniques and datasets, grounding each topic in a discussion of its theoretical foundations. Data and instructional resources will be freely available to students and researchers via the project website. The codebase will be accessible on Github, a platform for open-source software development. In addition to standardizing currently available data on macrofinancial variables, the project will digitize new data on (i) US County Business Patterns, (ii) Global Sectoral Credit and National Accounts, (iii) International Loan Contracts.

Visit https://macrofinance.princeton.edu/ for more information.

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