This lecture will evaluate the nearly five decades of exchange-rate flexibility since 1973 through the prism of both Harry G Johnson and economists’ theories.
This seminar will cover two papers. The first paper is on the optimal carbon tax with an endogenous chance of a tipping climate.The second paper is on optimal taxes for methane and carbon from a tipping risk.
This seminar investigates the oil market reaction to its fundamental shocks in different regimes characterised by uncertainty in the market.
In this seminar, Daniel Silva Withmory will present his paper that assesses the interaction between monetary policy, credit and asset prices in Australia, using a FAVAR approach.
Using macroeconomic theory for macroeconomic policymaking: Understanding Australia’s successful experience from the 1920s to the end of the 20th century.
Why is macroeconomic policymaking in Australia generally seen as successful by observers in the rest of the world? Professor David Vines will explore the radical shift in thinking about open- economy macroeconomics which has taken place in Australia between the 1920s and the present.
In this seminar Timothy Watson will present his thesis proposal review on ‘Hysteresis and the Australian Economy’.
Timothy’s PhD research will investigate output and unemployment fiscal multipliers in Australia, and how these vary based on capacity utilisation and whether fiscal policy is conducted on a counter or pro cyclical basis. It will also explore cross-country evidence concerning how multipliers differ based on the above factors and also with reference to differences in exchange rate regimes, openness, government and private debt, and monetary policy settings. Based on these results, he will explore what new features need to be incorporated into macroeconomic models of the Australian economy to reflect the empirical regularities observed, providing new insights into the optimal conduct of macroeconomic policy.
This seminar presents a multivariate filtering model estimated by the data-driven Maximum Likelihood technique in the state-space context to derive climate-neutral measures of potential output and output gaps.
The world is experiencing unprecedented demographic changes, raising an important question about the effects on global carbon emissions. In this seminar, Tsendsuren Batsuuri presents an overview of her PhD dissertation proposal which will comprise of four papers around these issues.
In this seminar, Lin Qi will present an overview of his thesis on Low volatility as a predictor of stock market crisis.
This presentation will discuss issues facing the global economy 10 years after the 2008 financial crisis, based on the recently launched edition of the IMF’s flagship publication, World Economic Outlook, October 2018.