Events

March 2020

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05
Mar
2020
Crawford School of Public Policy | Centre for Applied Macroeconomic Analysis | Seminar

The heterogeneous effects of global and national business cycles on employment in US states and metropolitan areas

Alexander Chudik, Federal Reserve Bank of Dallas

The growth of globalisation in recent decades has increased the importance of external factors as drivers of the business cycle in many countries. Globalisation affects countries not just at the macro level but at the level of states and metro areas as well. The paper presented in this seminar isolates the relative importance of global, national and region-specific shocks as drivers of the business cycle in individual US states and metro areas.

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18
Mar
2020
Crawford School of Public Policy | Centre for Applied Macroeconomic Analysis | Seminar

Demographic impacts on life cycle portfolios and financial market structures

Phitawat Poonpolkul, CAMA, PhD Student

The paper presented in this seminar provides a framework to endogenise rates of return for risk-free bonds and risky capital in an overlapping generation model, where the return on capital is endogenized by introducing idiosyncratic production shocks to avoid computation challenges associated with aggregate production shocks in the literature. The framework enables the interaction between financial markets and macroeconomic conditions in a production economy.

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Updated:  29 March 2020/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin