Empirical macroeconomics
Identifying macroeconomic shocks and estimating their dynamic and potentially heterogenous effects.
Will Hotten
PhD student in Economics at London Business School
I work in empirical macroeconomics, studying how finance and public policy shape investment, innovation, and long-run growth. My current research examines how private finance, public spending, and macroeconomic policy steer technological change and structural adjustment, including during the climate transition.
Research Agenda
Innovation, finance, and long-run growth
How R&D, venture capital, financial conditions, and public spending shape firm dynamics and aggregate outcomes.
Climate transition
Green innovation, climate-relevant investment, and macroeconomic policy for structural change.
Financial conditions and green R&D
This project studies specialist green innovators and their response to tighter financial conditions, with a focus on how macro-financial shocks shape climate-relevant investment across heterogeneous firms.
Draft forthcoming
Current Projects
Macroeconomic policy and the green transition
Work in progress on fiscal and monetary policy during episodes of structural change, with an application to the green transition.
Research details
The macroeconomic effects of venture capital
Solo work in progress utilising granular variation in VC deployment across large investors to study how VC financing affects macroeconomic outcomes.
Research details
Defence spending in the United Kingdom
Joint work in progress on the long-run macroeconomic effects of government spending in the UK.
Research details