- Tyers R, Zhou Y, November 2017, Automation and inequality with taxes and transfers paper no. 70/2017.
- Kim S, Lee JW, McKibbin WJ, November 2017, Asia’s rebalancing and growth paper no. 66/2017.
- Zhou Y, Tyers R, September 2017, Automation and inequality in China paper no. 59/2017.
Countries are linked through trade flows and asset markets. The modeling of these interactions has been undertaken in large scale model such as: computable general equilibrium models (for trade); large scale macro-econometric models (aggregated trade and capital flows); and intertemporal general equilibrium models (trade detail and asset flows). There is also an emerging literature of smaller theoretical simulation models particularly of real business cycle and new Keynesian theories which attempt to understand global interdependence better. This program will bring together researchers interested in the linkages between countries and how these linkages impact on our understanding of economic outcomes in small open and large open economies.