- Miranda-Pinto J, Young ER, May 2018, Flexibility and frictions in multisector models paper no. 24/2018.
- Haque Q, Groshenny N, Weder M, May 2018, Do we really know that US monetary policy was destabilizing in the 1970s? paper no. 23/2018.
- Eusepi S, Preston B, May 2017, Fiscal foundations of inflation: Imperfect knowledge paper no. 34/2017.
This program brings together various research agendas in the area of theoretical macroeconomics. The emphasis is on (i) the construction of macroeconomic models that have well-specific decision-theoretic foundations and equilibrium concepts; and/or (ii) the use of such models to understand observed economic phenomena, analyse policy regimes and other institutional features; and/or (iii) research that refines and expands the set of tools for undertaking research in (i) and (ii).
Research in this area includes equilibrium business cycle theories, growth theory, recursive policy games, recursive contract theory, dynamic public finance, international macroeconomics, expectations modelling and learning, sunspots and multiple equilibria in general equilibrium, search theoretic foundations of labor markets and monetary theory, and dynamic political economics.
The program’s activities include:
- The annual Australasian Workshop in Macroeconomic Dynamics (WMD).
- Macroeconomics Study Group.
- Occasional advanced workshop/courses featuring experts in the relevant field.