Nicolas Coeurdacier, Associate Professor of Economics, has received a starting grant of the European Research Council (ERC) for his project: Within and across countries heterogeneity in international finance (INFINHET).
Financial globalization has led to a surge in cross-border capital flows, a large increase in countries gross foreign asset and liability positions, together with increasing global imbalances. Understanding how private investors structure their international portfolios and how such financial decisions interact with the real side of the economy has recently become a critical macro policy issue. This is especially true in the context of the recent financial crisis where policy makers and academics have even been advocating the understanding of international capital flows and current account imbalances in the US and within European countries as a necessary step to analyze the roots of the crisis and its international transmission. Another important recent evolution is the larger role played by large and fast growing emerging markets in the global economy. The world is getting more asymmetric as these countries feature very different characteristics (institutional, demographics, or in terms of policies conducted to name a few) compared to developed countries.
INFINHET aims at developing new dynamic multi-country macro-models to better account for the heterogeneity across agents and across countries in order to answer age-old questions in international macro such as the benefits from financial integration, the emergence and adjustment of external global imbalances, the joint dynamics of exchange rates and asset prices, the international transmission of shocks through financial linkages, the international dimension of fiscal policies in open economies.
ERC grants are very selective and go to "the very best, truly creative scientists and scholars". Since they have been established Sciences Po has won eight ERC Grants, five of them being held by permanent faculty of the Department of Economics.
The MACROHIST (Macroeconomics & Economic History) program which involves Sciences Po has been selected by the European Commission in the framework of actions "Marie Curie Initial Training 'Network (ITN) funded by FP7.
Its aim is to expose young macroeconomists to the most recent work in macroeconomic and financial history; young economic historians to the most recent techniques in financial and macroeconomics, and both groups to the policy and work environment.
As a matter of fact, the current macroeconomic and financial crisis has given rise to a vigorous debate about the state of macroeconomics and macroeconomic training. Strikingly, many employers are arguing that knowledge of economic history might be particularly useful. Knowledge of economic and financial history is crucial in thinking about macroeconomic problems and the financial sector in several ways. It forces students to recognize that major discontinuities in economic performance and economic policy regimes have occurred many times in the past, and may therefore occur again in the future. Additionally, economic history teaches students the importance of context. Finally, exposure to economic history leads to an empirical frame of mind, and a willingness to admit that one's preferred theoretical framework may not always work in explaining the real world.
MACROHIST brings together some of the strongest history, economic history and economics departments in Europe.
Centre for Economic Policy Research (UK)
The Graduate Institute of International and Development Studies (Switzerland)
University of Oxford (UK)
Humboldt University (Germany)
London School of Economics and Political Science (UK)
Sciences Po (France)
Universidad Carlos III (Spain)
Université Libre de Bruxelles (Belgium)
Sciences Po students at Columbia : watch the video
The Oxford-Sciences Po Research Group (OXPO) - a research partnership between Sciences Po and Oxford - is celebrating 10 years of its existence.
OXPO is a meeting point for scholars from Sciences Po, the Department of Politics and International Relations and the Department of Sociology at Oxford in collaboration with the Maison Française d’Oxford. The agreement was renewed in 2012 for 4 years.
The objective of the programme is to foster joint scientific projects and promote scholarly exchanges between faculty and graduate students of both institutions. The conferences, research projects and joint seminars organised over the years cover a wide array of approaches, sub-disciplines and topics, from social stratification, to the reform of the state, international migrations and international relations, European identity, or political theory.
OXPO carries out various kind of activities:
* Joint research programmes: over the last 10 years over 20 projects were supported by OXPO: 9 books, 16 articles and chapters have been published thus far and 24 events organised as a result of these programmes.
* Visiting Fellowship Programmes allow academics, post-doctoral students and doctoral students to spend time in the other institution: length of stays ranges from a month to a whole year.
* A joint doctoral seminar is organised every year. Topics have included inequalities in contemporary societies, the emergence of the BRICS, contenmporary political history, political theory.
Two Events will take place: a Book Presentation and a Reception Celebration
1. Book launch of Citizens’ Reactions to European Integration Compared: Overlooking Europe (Palgrave, 2013).
The book is the result of one of the first OXPO research collaboration schemes and is co-authored by Sophie Duchesne (CNRS/ISP Nanterre), Elizabeth Frazer (New college/DPIR Oxford), Florence Haegel (Sciences Po, CEE, Paris) and Virginie Van Ingelgom (Ispole, Louvain). The four co-authors will be present as well as two other members of the research team André-Paul Frognier (Ispole, Louvain) and Guillaume Garcia (Sciences Po, CDSP).
The book will be discussed by Elizabeth Monaghan (Hull) and Chris Rumford (Royal Holloway) and the session chaired by Stephen Whitefield (DPIR, Oxford).
Monday 28 Octobre, 4.30 pm, Maison Française d’Oxford
2. The publication coincides with the 10th Anniversary of OXPO (Oxford-Sciences Po Research Group). To celebrate both events, a reception is organised at the MFO at 6.30pm. The event is open to all (please respond to http://www.mfo.ac.uk/en/form/event-registration)
Monday 28 octobre, 6.30 pm, Maison Française d’Oxford
Olivier Godechot joins the MaxPo Research Center as Co-Director. He succeeds Marion Fourcade as the holder of the AXA-Sciences Po Chair of Economic Sociology. A CNRS Research Fellow, he is also affiliated with the Observatoire sociologique du changement.
A Graduate of ENS, Olivier Godechot holds a PhD in Sociology from CNAM and is an accredited Research Director at Sciences Po. An Economic Sociologist, his research focuses on finance, labour markets, academia, and network sociology. At MaxPo he will direct a research group on the financialisation of modern societies with a special interest in financial labour market mobility and its effects on broader inequalities.
He has published several books, notably Les Traders.Essai de sociologie des marchés financiers(La Découverte, 2001) and Working Rich. Wages, Bonus and Appropriation of Profits in the Financial Industry (Chicago University Press, forthcoming).
Photo Credit: CNRS, Silvia Pourquié
Sciences Po and the U.S.
Gabriel Smagghue and his co-author Paul Piveteau, PhD students in economics, have been awarded the "Empirical Investigation in International Trade" (FREIT-EIIT) conference’s “Best Graduate Student Paper” prize. The conference will take place at the University of Virginia in the United States next October.
We extend our warmest congratulations.
Gabriel Smagghue, PhD student in economics at Sciences Po, is writing a thesis on: "An Empirical Analysis of Heterogeneous Firms' Decision-making: Investment, Employment and Product Quality Choices", under the supervision of Thierry Mayer, Director of graduate studies in economics and professor at Sciences Po.
Paul Piveteau, PhD student in economics at Columbia University, is writing a thesis on: "The implications of international trade on firms' behaviors", under the supervision of Eric Verhoogen, associate professor at Columbia University.
Undergraduate students enrolled in this intensive, transatlantic Dual BA programme take their first two years of study at Sciences Po at one of its English speaking campuses (Reims, Le Havre, Menton), and then re-locate to UBC’s Faculty of Arts in Vancouver for two years of study.
Aimed principally at students specializing in the social sciences and humanities, the Dual BA provides students with the opportunity to develop their intellectual and professional capabilities from a cross-cultural and transatlantic perspective. The programme brings together students from around the world and offers distinct contexts for study in France and Canada, giving students a unique diversity of cultural experience.
To this partnership, UBC Arts brings a tradition of engaging students in research activities on campus and in communities. The Dual Degree is a basis for enhancing academic relations between two great institutions and developing new avenues of cooperation in international research and education.
Gage Averill, Dean of UBC’s Faculty of Arts: “Sciences Po stands as one of the great French universities, and we are delighted to work with Sciences Po on innovative programmes that open new opportunities for student cohorts to study at both universities. This programme will draw on the world-leading strengths of each institution and produce students who are truly global citizens,”.
Françoise Melonio, Dean of Academic Studies: “We see UBC as a world class partner, located in one of the most dynamic regions of the world, the North American West Coast. Our plans are for a comprehensive collaboration that will lead to students from both schools gaining new knowledge from both schools, but also building friendships and networks that will serve them well into the future.”
The Dual BA’s first students begin their studies in France in September 2013.
> More information about the programme
The rise of emerging economies worldwide has generated much optimism, in terms not only of economic development, but also of global cooperation. But the shift to a multipolar world order has not bolstered multilateralism. In fact, the opposite is true: the logic of national sovereignty has staged a comeback, with major economies consistently undermining cooperation on issues ranging from security to trade to climate change.