MacCaLM is a research project bringing together a group of leading economists to re-examine macroeconomic theory, focussing on how malfunctions in labour and financial markets seem to be at the root of macroeconomic failure.
The research is led by principal investigator Professor John Moore of the University of Edinburgh. The project is split into three main themes, with Professor John Moore leading on the theme of credit markets, Professor Michael Elsby leading on the Macroeconomy and Professor Jonathan Thomas leading on labour markets.
Professor Andy Snell, Professor Maia Guell, Professor Sevi Rodriguez-Mora, Professor Philipp Kircher, Professor Michelle Belot and Dr Ludo Visschers all of University of Edinburgh also work on the project.
Professor Nobuhiro Kiyotaki of Princeton University, Professor John Hassler of Stockholm University, Professor Gary Solon of the University of Arizona, Professor Matthew Shapiro of the University of Michigan, Professor Ryan Michaels of the Philadelphia Federal Reserve Bank, Professor Iourii Manovskii of the University of Pennsylvania, Professor Pieter Gautier of the Free University of Amsterdam and Professor David Miles of Imperial College London.
The Project Executive Director is Dr Robert Zymek and Fiona Ross is the Project Communications, Engagement and Grant Manager.
The project is split into four focus areas: credit markets, labour markets, the macro economy and data generation.
Professor Michele Belot and Professor Philipp Kircher will run job search experiments as part of the MacCaLM project. The data generated by these experiments will be made available.