The primary goal of BFI’s Macroeconomics Research Initiative is to support research in the area of macroeconomics within the Chicago economics community, with an emphasis on junior faculty. Macroeconomics is a broad field including, but not limited to, monetary and fiscal policy, income distribution, labor markets and employment, inequality, and long-run growth. We particularly support and encourage research that studies the implications of microeconomic heterogeneity for the macroeconomy, from the point of view of both firms and households, and research that incorporates insights from other subfields and disciplines to better improve our understanding of the aggregate economy.
Associated Working Papers
Insights / Research Brief•Jun 28, 2021
Erik Hurst, Yona Rubinstein, Kazuatsu Shimizu
One puzzle for researchers in recent decades surrounds two seemingly contradictory facts: The wage gap between Black and White men has remained stubbornly large in recent decades while, over the same period, racial discrimination has steadily declined. This divergence has occurred even as the racial gap in test scores, conditional on education, has also narrowed.
Topics: Employment & Wages
Insights / Research Brief•Sep 02, 2020
The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the US
The COVID-19 pandemic has fueled a global health and economic crisis of unprecedented severity. Six months into the pandemic, the death toll in the US is approaching 200,000 and, despite massive fiscal stimulus, the country faces its deepest economic contraction in modern history. Since person-to-person contact is essential for a substantial fraction of the US economy to function, and since such close contact allows the virus to spread easily, both fatalities and economic losses are unavoidable.
Other Research at BFI
Initiatives, Centers, and Programs
- Big Data Initiative
- Chicago Experiments Initiative
- Health Economics Initiative
- Industrial Organization Initiative
- Initiative for the Study of Gender in the Economy
- International Economics and Economic Geography Initiative
- MFR Program
- Political Economics Initiative
- Price Theory Initiative
- Ronzetti Initiative for the Study of Labor Markets