Macroeconomic Theory program
- Jiang D, Weder M, January 2021, American business cycles 1889-1913: An accounting approach paper no. 06/2021.
- Pavlov O, Weder M, January 2021, Endogenous product scope: Market interlacing and aggregate business cycle dynamics paper no. 03/2021.
- Cho Y, Li SM, Uren L, January 2021, Investment housing tax concessions and welfare: Evidence from Australia paper no. 02/2021.
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 labour 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.
Updated: 1 March 2021/Responsible Officer: Crawford Engagement/Page Contact: CAMA admin