Btw, I am not an Oxford insider - I just watch very carefully.Forever alone.
Exodus from Oxford
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Frankly I think Oxford's strategy is silly. They shouldn't be focusing on theory and micro, but given their brand name, they should push macrom growth and development like crazy. They could easily become the top macro/growth place in europe. They should push out the deadwood (Vines, Wren-Lewis etc.), trim down the theory group and attract some top mid-career people by offering above average salaries.
Of course this is not going to happen, and that is why Oxford is going down.
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[...] given their brand name, they should push macro growth and development like crazy. They could easily become the top macro/growth place in europe. They should push out the deadwood (Vines, Wren-Lewis etc.), trim down the theory group and attract some top mid-career people by offering above average salaries.
Of course this is not going to happen, and that is why Oxford is going down.Apart from the specific niches, this is exactly what Cambridge is doing. This Oxford needs to learn how to take derivatives.
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Where does Huffman go?
Oxford Micro still strong: Meyer, Klemperer, Crawford, Young, Bond, Keller, Quinn.
Meyer good - active. Klemperer, Peyton Young, Crawford are not really active anymore. Bond does not really count as a theorist. Quinn is definitely not at the same level.
The problem is that all the best, active theory guys are moving: Mukerjee, John Quah. This follows Chris Wallace, David Myatt. What is it about Oxford that these very good semi-seniors move out?
Huffman leaving, but not for CMU.
I think that Oxford simply isn't ready to match the market - overestimating its brandname. It is soon going to be reduced to a liberal arts college, chrissake.
Btw, I am not an Oxford insider - I just watch very carefully. -
Crawford Young Keane all still publish and publish well.
I think the issue is that they need to rely more and more on people with strong locational preferences :(Keane's last serious contribution was in last century; Oxford shd keep hiring own students who can't get jobs anywhere else and keep calling it "location preference"! lol