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RESEARCH

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Claire Connelly is a Researcher at Rebuilding Macroeconomics, hosted by the National Institute of Economic and Social Research, a visiting academic at the Institute for New Economic Thinking in Oxford, an honorary academic at the University College London, and a research fellow at the Global Institute for Sustainable Prosperity.

Claire is conducting research studies in both data access and methodological practice, collecting first-hand information from world-leading academics, policy makers & regulators, and members of the private sector, across multiple disciplines, identifying the data that could significantly enhance our understanding of the macroeconomy, while exploring the relationship between evidence and policy-relevant knowledge: what it is, how macroeconomic conclusions are formed, how that knowledge is used to convince policy-makers, and the different explanatory models that have successfully guided recommendations through the Treasury, Cabinet, Parliament.

Working with Professor J Doyne Farmer, Director of the Complexity Economics program at the Institute for New Economic Thinking, Professor Angus Armstrong, Director of Rebuilding Macroeconomics Network, and Professor David Tuckett, Director of the Centre for the Study of Decision-Making Uncertainty at UCL in the Faculty of Brain Sciences and Fellow of the Institute of Psychoanalysis in London, Connelly is co-authoring two papers that provide a roadmap for the Economic and Social Research Council (ESRC) about how macroeconomics can become more interdisciplinary and explore new directions. Because data is a primary driver of scientific progress, and evidence-based policy a key element of social progress, an important part of the roadmap concerns how new data can be collected and made more widely available, and how the social sciences can enhance our understanding of the macroeconomy. 

Connelly has conducted interviews with distinguished practitioners at institutions and universities, including the Bank of England, the UK Treasury, and the Office of National Statistics, the University of Oxford, the University of Cambridge, the London School of Economics, and the University College London with the purpose of discovering what data is available, how it could be more accessible, what data could be collected in the future, and how it could be used.

Rebuilding Macroeconomics is a research network, funded by the Economic and Social Research Council (ESRC), with the long-term aim of transforming macroeconomics back into a policy-relevant social science. It encourages and supports ambitious and innovative research into understanding the macroeconomy, welcoming inter-disciplinary approaches and alternative methodologies to the world’s most pressing macroeconomic challenges.

The project is hosted by the National Institute of Economic and Social Research (NIESR), Britain's oldest independent economic research institute that conducts research of relevance to business and policy makers, both nationally and internationally.

The Economic and Social Research Council (ESRC) is part of UK Research and Innovation, a non-departmental public body funded by the UK government. The ESRC provides funding and support for research and training in the social sciences. It is the UK's largest organisation for funding research on economic and social issues.

Connelly has also been conducting research on heterodox economics for several years, identifying key information that has been omitted from orthodox economics and the impact these omissions have had on policy prescriptions and individual financial decisions for an as yet unpublished book. Much of her work is interested in comparing and contrasting the way the economy operates to how economic issues are communicated publicly. She was appointed as a Research Fellow at the Global Institute of Sustainable Prosperity during this time, an independent public policy think-tank dedicated to the promotion of interdisciplinary research in the service of an improved quality of life for all members of society. 

She has conducted interviews with world-leading economists including Professor Stephanie Kelton, Professor of Public Policy and Economics at Stony Brook University, former Chief Economist on the US Senate Budget Committee, and Economic Advisor to Bernie Sanders, Professor Steve Keen, author of Debunking Economics and Minsky UCL Honorary Research Fellow,  Dr Michael Hudson, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, Professor Randall Wray, professor of Economics at Bard College and Senior Scholar at the Levy Economics Institute, and Dr Steven Hail, Lecturer in Economics at the University of Adelaide.

 

Connelly holds a Bachelor of International Studies from the University of New South Wales focusing on globalisation and politics & international relations, and a Graduate Diploma of Journalism from the University of Technology Sydney