Past events
Inflation targeting and financial stability in an open economy
In this seminar Augustus Panton will present his paper on ‘Leaning against the wind via finance-neutral output gaps: Inflation targeting and financial stability in an open economy’.
A decreasing elasticity of substitution between clean and dirty energy
In this seminar Tony Wiskich will present his paper on ‘A decreasing elasticity of substitution between clean and dirty energy’.
Some effects of a decreasing elasticity of substitution between clean and dirty energy on optimal climate policy
Using a climate model with endogenous technology, this seminar investigates the implications of a decreasing elasticity of substitution between clean and dirty energy as the share of clean energy rises.
Harry Johnson’s ‘case for flexible exchange rates’ – 50 years on
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.
Tipping, the optimal carbon price and weighing cows and coal
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.
Uncertainty and sign-dependent effects of oil market shocks
This seminar investigates the oil market reaction to its fundamental shocks in different regimes characterised by uncertainty in the market.
Interaction between interest rate, credit and asset prices
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.
Hysteresis and the Australian economy
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.
Climatic disruptions and output gaps: should central banks incorporate climate effects into 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.
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