Funding from the National Science Foundation will support the work of a Macrofinance Lab at the Julis-Rabinowitz Center for Public Policy & Finance (JRCPPF), which is based at Princeton University’s Woodrow Wilson School of Public and International Affairs.
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.
The funding totals $388,000 and has been awarded to:
- Atif Mian, John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy, and Finance and director of JRCPPF.
- Ernest Liu, assistant professor of economics and former postdoctoral associate at the JRCPPF.
- Karsten Müller, JRCPPF postdoctoral associate.
Data and instructional resources will be freely available to students and researchers through 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 U.S. County Business Patterns, Global Sectoral Credit and National Accounts, and International Loan Contracts.
Visit the lab website for more information.