Through their joint grants program, The Centre for International Governance Innovation (CIGI) and the Institute for New Economic Thinking (INET) seek to create an environment nourished by open discourse and to empower the next generation of scholars with the necessary support to accelerate and advance new and important thinking on economic issues. Grants will be awarded primarily to individuals or teams affiliated with academic institutions, think tanks, and other centres of vital research worldwide. CIGI and INET encourage scholars from around the world in economics as well as in related fields, such as history, sociology, sociology, anthropology, psychology, political science and the physical sciences, to submit grant proposals.

Grants of up to $250,000 available for researchers through CIGI-INET’s 2013 Program

Grants in the 2013 round range in value from $25,000 to $250,000. This marks the fifth cycle of research grants to be issued under the program. To date, CIGI and INET have awarded more than $20 million in grants since the program’s initial Fall 2010 round.

CIGI and INET seek to create an environment nourished by open discourse and to empower the next generation of scholars with the necessary support to accelerate and advance new and important thinking on economic issues. Grants will be awarded primarily to individuals or teams affiliated with academic institutions, think tanks, and other centres of vital research worldwide. CIGI and INET encourage scholars from around the world in economics as well as in related fields, such as history, sociology, anthropology, psychology, political science and the physical sciences, to submit grant proposals.

In this round, CIGI and INET are primarily seeking to support research that is focused on five broad themes that are complementary to the organizations’ other activities and forthcoming research programs. The five key areas of research are:

Fundamentals of Macroeconomics and Macroeconomic Management

  • The modeling of the macroeconomy as an unstable, open, and uncertain system
  • The modeling of the macroeconomy as a system containing emotional people and social groups
  • Theoretical and empirical insights on state capacities for influencing markets
  • Maintaining Full Employment during global rebalancing
  • Policies to promote growth and productivity in periods of macroeconomic instability and high indebtedness
  • Macroeconomic policy in the presence of balance sheet overhangs.

Behaviour and the Economy

  • Inductive vs. deductive inferences and the implications for market stability
  • Formal models of economic behavior without stochastic optimization
  • Models of economic behavior under radical uncertainty

Financial Stability

  • Theoretical and empirical explorations of financial contagion
  • Implications for real sector externalities of financial instability
  • Implications of instability for policy design and governance
  • Sovereign debt management and sustainability
  • Capital account convertibility in developing countries

Political Economy of Income and Wealth Distribution and Inequality Dynamics

  • Income and wealth distribution and its implications for both macroeconomic and microeconomic policies and performance
  • The role of policy and politics in economics and the perpetuation of inequalities, deficient skills and social fragmentation
  • Effects of Monetary Policy on the distributions of income and wealth.
  • The consequences of default avalanches (and bailouts) on social cohesion, political stability and the government's capacity for implementing effective policies
  • Distributional considerations in climate change policy.

Innovation              

  • The role of entrepreneurship in the innovation process.
  • The theory of innovation: optimization, evolution
  • The history of innovation: random processes, great surges; the role of industries and firms
  • The financial economics of innovation: the funding of discovery, invention, deployment, commercialization
  • The political economy of innovation: the state as funder, customer, framer of IP regimes; theory and empirical evidence on what states do and do not do right over time and across countries
  • The organization of innovation: large enterprises, startups.

While these are the key areas in which proposals will be funded, CIGI and INET will give due consideration to any proposal that is consistent with our mission of furthering new economic thinking.

Grant proposals are due by June 13th, 2013 and should be no longer than four pages in length, with a one-page summary. A research jury will review first stage applications and issue invitations for those with the most promising proposals to submit more complete applications by early August 2013. Grants will be awarded by early November 2013.

Questions about the CIGI-INET grants program? Please email them to [email protected].