Economic Institutions, Behavior and Performance
The Foundation’s program on Economic Institutions, Behavior, and Performance supports rigorous and objective research projects on U.S. economic structure, behavior, and performance whose findings inform and strengthen decision-making by regulators, policymakers, and the public.
Grants made through this program span four subprograms:
Financial and Institutional Modeling in Macroeconomics
Projects in this sub-program study interactions between the financial sector and the real economy, specifically the role of banks, regulators, and other institutions. Research topics include financial frictions; heterogenous agents; intermediation; transaction costs; asymmetric information; regulatory coordination; risk measurement, capital requirements; credit ratings; interbank markets;; microeconomic foundations; liquidity and default; maturity transformation; asset valuation; etc.
Behavioral and Regulatory Effects on Decision-making
Projects in this sub-program study households and individuals, specifically the of role “choice architecture” on their economic decision-making. Research topics include risk-taking and insurance markets; time inconsistencies and the annuity paradox; cognitive biases; behavioral applications to policy; experimental testing of nudges or other regulatory interventions; behavioral welfare economics; obfuscated markets; consumer finance; probabilities and perceptions of extreme events; etc. Behavioral and Regulatory Effects on Decision-making
Economic Analysis of Science and Technology
Projects in this sub-program study universities and groundbreaking industries, specifically regarding human capital development and applications of information technology. Research topics include labor markets for scientists and engineers; high-skilled immigration; patterns of scientific publication, collaboration, and intellectual property protection; the economics of digitization; and the social returns on investments in research and development.
Empirical Economic Research Enablers
Projects in this sub-program study economic researchers, specifically with regard to their needs, opportunities, incentives, and professional practices. Research topics include legal entity identifiers; data citation standards; identification and tracking systems for scholars; federal statistics; smart disclosure platforms for obfuscated markets; data and metadata management protocols; privacy and access to social science datasets; the replicability of empirical research; and the economics of knowledge contribution and distribution.
Click the "APPLY" button, below, for more information about how to submit a Letter of Inquriy for an appropriate research project.
Building a fast, flexible and free DSGE model Central Banking.com
Paper of the Week: Reference-Dependent Job Search: Evidence from Hungary NBER Working Paper
Tallying the Economic Toll of Political Upheaval Wall Street Journal