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Department of Economics
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comment: **University of Oxford – Department of Economics** **179461: Predoctoral Fellow** ****EJM - Econ Job Market **** **Project Title:** Heterogeneous Agents in Heterogeneous Countries **Principal Investigator:** Professor Federica Romei **Contract Type:** Fixed-term, from 1 September 2025 to 30 August 2026 (some flexibility around those dates), with the possibility to extend **About the Project** This interdisciplinary research project examines key macroeconomic developments over the past three decades—including rising inequality, increased capital mobility, and the persistent decline in real interest rates—through the lens of cross-country and within-country heterogeneity. The project seeks to provide both empirical evidence and theoretical insight into the interconnected dynamics of these phenomena. **Key areas of investigation include:** * The empirical relationship between household heterogeneity and international capital flows * The development of theoretical frameworks incorporating heterogeneous agents and limited financial commitment * The structural causes behind declining global interest rates * Explanations for persistent international economic puzzles, including the limited degree of global risk-sharing **Responsibilities:** * To work collaboratively with the principal investigator and other members of the research team including other researchers and research assistants * Collaborate in the preparation of research publications * To contribute to the development and management of research projects as part of the overall research agenda in the ERC grant. * Act as a source of information and advice to other members of the group on research methodologies and results **Candidates are encouraged to send their applications by the 31st of May 2025. ** **Please submit a full online application via the following link:** EJM Contact: personnel@economics.ox.ac.uk.
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comment: University of Oxford – Department of Economics 179461: Predoctoral Fellow EJM - Econ Job Market Project Title: Heterogeneous Agents in Heterogeneous Countries Principal Investigator: Professor Federica Romei Contract Type: Fixed-term, from 1 September 2025 to 30 August 2026 (some flexibility around those dates), with the possibility to extend About the Project This interdisciplinary research project examines key macroeconomic developments over the past three decades—including rising inequality, increased capital mobility, and the persistent decline in real interest rates—through the lens of cross-country and within-country heterogeneity. The project seeks to provide both empirical evidence and theoretical insight into the interconnected dynamics of these phenomena. Key areas of investigation include: The empirical relationship between household heterogeneity and international capital flows The development of theoretical frameworks incorporating heterogeneous agents and limited financial commitment The structural causes behind declining global interest rates Explanations for persistent international economic puzzles, including the limited degree of global risk-sharing Responsibilities: To work collaboratively with the principal investigator and other members of the research team including other researchers and research assistants Collaborate in the preparation of research publications To contribute to the development and management of research projects as part of the overall research agenda in the ERC grant. Act as a source of information and advice to other members of the group on research methodologies and results Candidates are encouraged to send their applications by the 31st of May 2025. Please submit a full online application via the following link: EJM Contact: personnel@economics.ox.ac.uk.
contact: HR Team
application opening date: 2025-04-25T09:00:00+01:00
organization part: Department of Economics
salary: Research Grade 6: £34,982 – £40,855 p.a.
application closing date: 2025-05-31T12:00:00+01:00
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value: Job Description _________________________________________________________________________ Summary Job title Predoctoral Fellow Division Social Sciences Department Economics Location Department of Economics, Manor Road Building, Manor Road, Oxford Grade and salary Grade 6: £34,982 – £40,855 p.a. Hours Full time (37.5 hours per week) Contract type Fixed term from 1 September 2025 to 30 August 2026 (some flexibility around those dates), with the possibility to extend Reporting to Prof. Federica Romei 179461 Vacancy reference EJM - Econ Job Market Job description Reporting to the Principal Investigator, Prof. Federica Romei. The post holder is a member of a research group with responsibility for carrying out research as part of the ERC/UKRI research project “Heterogeneous Agents in Heterogeneous Countries”. The research agenda is summarised as follows Three defining economic phenomena of the last 30 years are the evolution of inequality both within and across countries, the explosion of capital flows after financial liberalisation, and the secular decline of real interest rates. This research project will explore how these phenomena all relate to each other and to heterogeneity along different dimensions. How does heterogeneity, both within and across countries, determine aggregate macroeconomic variables, such as the current account balance, Gross Domestic Product and real interest rates? This project tackles this question empirically and theoretically. The key objectives of this agenda are as follows: 1. The empirical analysis of the relationship between capital flows and household heterogeneity across countries. This empirical analysis forms a key pillar underpinning the whole research agenda. 2. The development of a novel theoretical framework featuring heterogeneous countries and households. with limited commitment. 3. The analysis of the forces behind the fall in world interest rates, exploiting the rich heterogeneity across households and countries of the quantit…
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