- Haque Q, June 2019, Monetary policy, inflation target and the great moderation: An empirical investigation paper no. 44/2019.
- Kitao S, Mikoshiba M, Takeuchi H, June 2019, Females, the elderly, and also males: Demographic aging and macroeconomy in Japan paper no. 37/2019.
- Kitao S, Yamada T, June 2019, Dimensions of inequality in Japan: Distributions of earnings, income and wealth between 1984 and 2014 paper no. 36/2019.
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.