2017 Workshop of the Australasian Macroeconomics Society and LAEF

Canberra, Australia

 

Program Notes and Index of Sessions

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapersOrganizer
1August 17, 2017
9:00-10:00
Ballroom 1 invited Plenary Talk I: Mariacristina De Nardi, The Aggregate Implications of Gender and Marriage1Timothy Kam
2August 17, 2017
10:30-11:30
Studio 1 contributed Fiscal and Monetary Policy: Housing and the Open Economy3Chung Tran
3August 17, 2017
10:30-11:30
Ballroom 1 contributed Heterogeneity and Inequality: Economic History and Modern Policies3Timothy Kam
4August 17, 2017
11:30-12:30
Ballroom 1 contributed Financial Markets: Banking and Monetary Policy2Timothy Kam
5August 17, 2017
11:30-12:30
Studio 1 contributed Macroeconometrics I: Inflation and Exchange Rates2John Stachurski
6August 17, 2017
12:45-13:45
Ballroom 1 invited Lunch-time Policy Panel Discussions: David Gruen, Greg Kaplan, Steve Williamson, Bob Gregory0Timothy Kam
7August 17, 2017
14:00-15:00
Ballroom 1 contributed Business Cycles and Monetary Economics2Timothy Kam
8August 17, 2017
14:00-15:00
Studio 1 contributed Labour Markets: Job Qualities, Life Cycle and Vacancies2John Stachurski
9August 17, 2017
15:30-16:30
Studio 1 contributed Digital Money2Timothy Kam
10August 17, 2017
15:30-16:30
Ballroom 1 contributed Macroeconometrics II: Nonlinear Time Series, Local Identification2Timothy Kam
11August 17, 2017
16:30-17:30
Ballroom 1 invited Plenary Talk II: Greg Kaplan, The Housing Boom and Bust: Model Meets Evidence0Timothy Kam
12August 17, 2017
18:00-20:00
Ballroom 3 invited Welcome Cocktail0Timothy Kam
13August 18, 2017
9:00-10:00
Studio 2+3 invited Plenary Talk III: John Rust, Stationary and Nonstationary Equilibria in the Automobile Market0Fedor Iskhakov
14August 18, 2017
10:30-11:30
Studio 1 contributed Firms, Industries, Networks3Fedor Iskhakov
15August 18, 2017
10:30-11:30
Studio 2+3 contributed Macroeconometrics III: Economic and Policy Uncertainty3Timothy Kam
16August 18, 2017
11:30-12:30
Studio 1 contributed Labour Markets and Market Incompleteness2Timothy Kam
17August 18, 2017
11:30-12:30
Studio 2+3 contributed Macroeconomic Policies: News, Uncertainty and Global Spillovers3Timothy Kam
18August 18, 2017
12:30-13:50
Studio 2+3 contributed Lunch-time Sessions (Single Stream)3Timothy Kam
19August 18, 2017
14:00-15:00
Studio 1 contributed Contagion and Information2Timothy Kam
20August 18, 2017
14:00-15:00
Studio 2+3 contributed Heterogeneous Agents: Computational Methods and Health Economics2Cagri Kumru
21August 18, 2017
15:30-16:30
Studio 2+3 contributed Finance, Banking and Unconventional Policies2Timothy Kam
22August 18, 2017
15:30-16:30
Studio 1 contributed Growth: Theory and Empirics2John Stachurski
23August 18, 2017
16:30-17:30
Studio 2+3 invited Plenary Talk IV: Marco Bassetto, The Interaction between Fiscal and Monetary Policy: New Questions0Cagri Kumru
24August 18, 2017
18:30-21:30
Ballroom 3 invited WAMS2017 Dinner0Cagri Kumru
25August 19, 2017
9:00-10:00
Studio 2+3 invited Plenary V: Stephen D. Williamson, Inflation Control: Do Central Bankers Have it Right?0John Stachurski
26August 19, 2017
10:15-11:15
Studio 2+3 invited LAEF 11John Stachurski
27August 19, 2017
11:30-12:30
Studio 2+3 invited LAEF 21Timothy Kam
28August 19, 2017
13:30-14:30
Studio 2+3 invited LAEF 31Timothy Kam
29August 19, 2017
14:45-15:45
Studio 2+3 invited LAEF 41John Stachurski
 

29 sessions, 45 papers, and 0 presentations with no associated papers


 

2017 Workshop of the Australasian Macroeconomics Society and LAEF

Detailed List of Sessions

                                                          
 
Session 1: Plenary Talk I: Mariacristina De Nardi, The Aggregate Implications of Gender and Marriage
August 17, 2017 9:00 to 10:00
Ballroom 1
 
Session Chair: Begona Dominguez (UQ)
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 

The Aggregate Implications of Gender and Marriage
By Margherita Borella; Unversity of Torino
Mariacristina De Nardi; UCL, Federal Reserve Bank of Chicago, CE
Fang Yang; Louisiana State University
   presented by: Mariacristina De Nardi, UCL, Federal Reserve Bank of Chicago, CE
 
Session 2: Fiscal and Monetary Policy: Housing and the Open Economy
August 17, 2017 10:30 to 11:30
Studio 1
 
Session Organizer: Chung Tran, Australian National University
Session type: contributed
 

Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
By Gianni La Cava; Reserve Bank of Australia
   presented by: Gianni La Cava, Reserve Bank of Australia
 

Choice of Policy Instrument and Optimal Monetary Policy in Open Economies
By Jiao Wang; the Australian National University; the University of Melbourne
   presented by: Jiao Wang, the Australian National University; the University of Melbourne
 

Fiscal Devaluations: The Role of Government Expenditures
By Solmaz Moslehi; Monash University
   presented by: Solmaz Moslehi, Monash University
 
Session 3: Heterogeneity and Inequality: Economic History and Modern Policies
August 17, 2017 10:30 to 11:30
Ballroom 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Changes in Wage Inequality Between- and Within-Establishment: Evidence from Japan 1993-2014
By Satoshi Tanaka; University of Queensland
Ryo Kambayashi; Hitotsubashi University
Shintaro Yamaguchi; McMaster University
   presented by: Satoshi Tanaka, University of Queensland
 

Reluctant Savers and Mortgage Subsidies
By Antonio Bellofatto; University of Queensland
Sevin Yeltekin; Carnegie Mellon University
   presented by: Antonio Bellofatto, University of Queensland
 

Optimal Retirement Policies with Time-Inconsistent Agents
By Pei Cheng Yu; University of New South Wales
   presented by: Pei Cheng Yu, University of New South Wales
 
Session 4: Macroeconometrics I: Inflation and Exchange Rates
August 17, 2017 11:30 to 12:30
Studio 1
 
Session Organizer: John Stachurski, Research School of Economics
Session type: contributed
 

Trend Inflation and Exchange Rate Dynamics: A New Keynesian Approach
By Takashi Kano; Hitotsubashi University
   presented by: Takashi Kano, Hitotsubashi University
 

Deviations in real exchange rate levels across the OECD members and their structural determinants
By Martin Berka; University of Auckland
   presented by: Martin Berka, Massey University
 
Session 5: Financial Markets: Banking and Monetary Policy
August 17, 2017 11:30 to 12:30
Ballroom 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Transparency and Collateral: Central vs Bilateral Clearing
By Francesco Carli; Deakin University
   presented by: Francesco Carli, Deakin University
 

The Effects of Secondary Markets and Unsecured Credit on Inflation Dynamics
By Pedro Gomis-Porqueras; Deakin University
   presented by: Pedro Gomis-Porqueras, Deakin University
 
Session 6: Lunch-time Policy Panel Discussions: David Gruen, Greg Kaplan, Steve Williamson, Bob Gregory
August 17, 2017 12:45 to 13:45
Ballroom 1
 
Please collect your lunch quickly from the foyer area and return to Studio 2+3 with your lunch for the policy panel discussion. We encourage people to participate actively in this forum. Theme: Global challenges and macroeconomic policy: Implications for Australia * Low productivity, innovation and economic growth * Inequality trend: Causes and consequences * Market uncertainties and macro prudential policy * Housing sector and monetary policy * Demographic challenges, fiscal sustainability and reforms Session chair: Professor Bob Gregory (RSE, ANU)
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 
Session 7: Business Cycles and Monetary Economics
August 17, 2017 14:00 to 15:00
Ballroom 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Animal Spirits, Financial Markets and Aggregate Instability
By Mark Weder; The University of Adelaide
   presented by: Mark Weder, The University of Adelaide
 

Contingent Trade and Monetary Mechanisms
By Benoit Julien; UNSW Australia, UNSW Business School
Yiyuan Xie; University of New South Wales
   presented by: Yiyuan Xie, University of New South Wales
 
Session 8: Labour Markets: Job Qualities, Life Cycle and Vacancies
August 17, 2017 14:00 to 15:00
Studio 1
 
Session Organizer: John Stachurski, Research School of Economics
Session type: contributed
 

Job Qualities, Unemployment, and Public Policy
By Ian King; University of Queensland
   presented by: Ian King, University of Queensland
 

Job Search over the Life Cycle
By Hui He; IMF and SHUFE
Lei Ning; Shanghai University of Finance and Economics
Liang Wang; University of Hawaii Manoa
   presented by: Liang Wang, University of Hawaii Manoa
 
Session 9: Macroeconometrics II: Nonlinear Time Series, Local Identification
August 17, 2017 15:30 to 16:30
Ballroom 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Oil shocks and stock markets in major oil-exporting countries: Markov switching and asymmetries
By Syed Basher; East West University
Alfred Haug; University of Otago
Perry Sadorsky; York University
   presented by: Alfred Haug, University of Otago
 

Foreign data are not necessary for identification in a small new open economy model
By Christie Smith; Reserve Bank of New Zealand
   presented by: Christie Smith, Reserve Bank of New Zealand
 
Session 10: Digital Money
August 17, 2017 15:30 to 16:30
Studio 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Central Bank Digital Currency and Monetary Policy
By Seyed Mohammadreza Davoodalhosseini; Bank of Canada
   presented by: Seyed Mohammadreza Davoodalhosseini, Bank of Canada
 

A Framework for Analyzing Monetary Policy in an Economy with E-money
By Scott Hendry; Bank of Canada
Yu Zhu; Bank of Canada
   presented by: Yu Zhu, Bank of Canada
 
Session 11: Plenary Talk II: Greg Kaplan, The Housing Boom and Bust: Model Meets Evidence
August 17, 2017 16:30 to 17:30
Ballroom 1
 
Session Chair: Guay Lim (University of Melbourne)
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 
Session 12: Welcome Cocktail
August 17, 2017 18:00 to 20:00
Ballroom 3
 
Introduction by Professor Rabee Tourky (Director, Research School of Economics, ANU). Welcome by Professor Shirley Leitch (Deputy Vice Chancellor, Global Engagement, ANU). Hosted by Timothy Kam. (Note: Due to unforseen circumstances, the originally schedule speech by RBA Assistant Governor Luci Ellis is now cancelled.)
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 
Session 13: Plenary Talk III: John Rust, Stationary and Nonstationary Equilibria in the Automobile Market
August 18, 2017 9:00 to 10:00
Studio 2+3
 
Session Chair: Fedor Iskhakov (ANU)
Session Organizer: Fedor Iskhakov, Australian National University
Session type: invited
 
Session 14: Firms, Industries, Networks
August 18, 2017 10:30 to 11:30
Studio 1
 
Session Organizer: Fedor Iskhakov, Australian National University
Session type: contributed
 

Aggregate Implications of Product-Level Trade Creation
By Scott French; University of New South Wales
Thomas Zylkin; National University of Singapore
   presented by: Scott French, University of New South Wales
 

Entrepreneur Dynamics in US
By Jungho Lee; Singapore Management University
Jianhuan Xu; Singapore Management Universit
   presented by: Jianhuan Xu, Singapore Management Universit
 

Technical Progress and Allocative Efficiency
By Li Anpeng
   presented by: Li Anpeng,
 
Session 15: Macroeconometrics III: Economic and Policy Uncertainty
August 18, 2017 10:30 to 11:30
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Uncertainty in a disaggregate model: a data-rich approach using Google search data
By Duc (Brian) Tran; University of Melbourne
   presented by: Duc (Brian) Tran, University of Melbourne
 

Uncertainty-driven Time-varying Comovements
By Giovanni Caggiano; Monash University
Efrem Castelnuovo; University of Melbourne
Giovanni Pellegrino; University of Melbourne
   presented by: Giovanni Pellegrino, University of Melbourne
 

Uncertainty Shocks and the Relative Price of Investment Goods
By Munechika Katayama; Waseda University
Kwang Hwan Kim; Yonsei University
   presented by: Munechika Katayama, Waseda University
 
Session 16: Labour Markets and Market Incompleteness
August 18, 2017 11:30 to 12:30
Studio 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

The Welfare Effects of Trade with Labour Market Risk
By Lawrence Uren; University of Melbourne
   presented by: Lawrence Uren, University of Melbourne
 

Unemployment, Aggregate Demand, and the Distribution of Liquidity
By Zachary Bethune; University of Virginia
Guillaume Rocheteau; University of California, Irvine
Russell Wong; Federal Reserve Bank of Richmond
   presented by: Zachary Bethune, University of Virginia
 
Session 17: Macroeconomic Policies: News, Uncertainty and Global Spillovers
August 18, 2017 11:30 to 12:30
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Private News and Monetary Policy Forward Guidance or (the Expected Virtue of Ignorance)
By Ippei Fujiwara; Australian National University
Yuichiro Waki; University of Queensland
   presented by: Yuichiro Waki, University of Queensland
 

Macro-prudential policies in global cities amid rising Chinese outbound direct investments
By Hwee Kwan Chow; Singapore Management University
Guay Lim; University of Melbourne
Taojun Xie; Singapore Management University
   presented by: Taojun Xie, Singapore Management University
 

Global Spillover Effects of US Uncertainty
By Saroj Bhattarai; University of Texas at Austin
Arpita Chatterjee; University of New South Wales
Woong Yong Park; Seoul National University
   presented by: Arpita Chatterjee, University of New South Wales
 
Session 18: Lunch-time Sessions (Single Stream)
August 18, 2017 12:30 to 13:50
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Global vs. Domestic Uncertainty Shocks: What Matters for Small Open Economies?
By Jamie Cross; Australian National University
Joshua Chan; University of Technology Sydney
Timothy Kam; Australian National University
Aubrey Poon; The Australian National University
   presented by: Jamie Cross, Australian National University
 

Cost-Push Shocks, Trend Inflation, and the Great Moderation: An Alternative Interpretation
By Qazi Haque; The University of Adelaide
Nicolas Groshenny; University of Adelaide
Mark Weder; The University of Adelaide
   presented by: Qazi Haque, The University of Adelaide
 

Income Heterogeneity and Product Quality Choice
By Serene Tan; National University of Singapore
   presented by: Serene Tan, National University of Singapore
 
Session 19: Contagion and Information
August 18, 2017 14:00 to 15:00
Studio 1
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

Remote Contagion
By Maciej Dudek; Vistula University and IBRKK
   presented by: Maciej Dudek, Vistula University and IBRKK
 

Central Bank Communication and Social Media #FED
By Dennis Wesselbaum; University of Otago
   presented by: Dennis Wesselbaum, University of Otago
 
Session 20: Heterogeneous Agents: Computational Methods and Health Economics
August 18, 2017 14:00 to 15:00
Studio 2+3
 
Session Organizer: Cagri Kumru, Australian National University
Session type: contributed
 

Optimal Grid Selection in Numerical Approaches to Dynamic Heterogeneous Agent Macroeconomic Models
By Karsten Chipeniuk; Indiana University
   presented by: Karsten Chipeniuk, Indiana University
 

Health Shocks and the Evolution of Consumption and Income over the Life-Cycle
By Elena Capatina; UNSW Business School
Michael Keane; University of Oxford
Shiko Maruyama; University of Technology Sydney
   presented by: Elena Capatina, UNSW Business School
 
Session 21: Growth: Theory and Empirics
August 18, 2017 15:30 to 16:30
Studio 1
 
Session Organizer: John Stachurski, Research School of Economics
Session type: contributed
 

Understanding the US Experience with 'r-g' and Wealth Inequality
By Robert Kirkby; Victoria University of Wellington
   presented by: Robert Kirkby, Victoria University of Wellington
 

Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate
By Woo Jin Choi; Univ. of Virginia
Alan Taylor; Department of Economics & Graduate School of Management
   presented by: Woo Jin Choi, University of Virginia
 
Session 22: Finance, Banking and Unconventional Policies
August 18, 2017 15:30 to 16:30
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: contributed
 

International Spillovers of Unconventional Monetary Policy
By Callum Jones; New York University
Mariano Kulish; University of New South Wales
Daniel Rees; Reserve Bank of Australia
   presented by: Mariano Kulish, University of New South Wales
 

Open Market Operations
By Guillaume Rocheteau; University of California, Irvine
Randall Wright; University of Wisconsin
Sylvia Xiao; University of Wisconsin-Madison
   presented by: Sylvia Xiao, University of Wisconsin-Madison
 
Session 23: Plenary Talk IV: Marco Bassetto, The Interaction between Fiscal and Monetary Policy: New Questions
August 18, 2017 16:30 to 17:30
Studio 2+3
 
Session Chair: Pedro Gomis-Porqueras (Deakin University)
Session Organizer: Cagri Kumru, Australian National University
Session type: invited
 
Session 24: WAMS2017 Dinner
August 18, 2017 18:30 to 21:30
Ballroom 3
 
Session Organizer: Cagri Kumru, Australian National University
Session type: invited
 
Session 25: Plenary V: Stephen D. Williamson, Inflation Control: Do Central Bankers Have it Right?
August 19, 2017 9:00 to 10:00
Studio 2+3
 
Session Chair: Benoit Julien
Session Organizer: John Stachurski, Research School of Economics
Session type: invited
 
Session 26: LAEF 1
August 19, 2017 10:15 to 11:15
Studio 2+3
 
Session Organizer: John Stachurski, Research School of Economics
Session type: invited
 

Crime and the Minimum Wage
By Christine Braun; University of California Santa Barbara
   presented by: Christine Braun, University of California Santa Barbara
 
Session 27: LAEF 2
August 19, 2017 11:30 to 12:30
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 

A Macroeconomic Theory of Banking Oligopoly
By Mei Dong; University of Melbourne
Stella Xiuhua Huangfu; University of Sydney
Hongfei Sun; Queen's University
Chenggang Zhou; University of Waterloo
   presented by: Stella Xiuhua Huangfu, University of Sydney
 
Session 28: LAEF 3
August 19, 2017 13:30 to 14:30
Studio 2+3
 
Session Organizer: Timothy Kam, Australian National University
Session type: invited
 

Production Network Density and Aggregate Volatility
By Jorge Miranda-Pinto; University of Virginia
   presented by: Jorge Miranda-Pinto, University of Virginia
 
Session 29: LAEF 4
August 19, 2017 14:45 to 15:45
Studio 2+3
 
Session Organizer: John Stachurski, Research School of Economics
Session type: invited
 

Declining Trends in the Real Interest Rate and Inflation: The Role of Aging
By Ippei Fujiwara; Australian National University
Shigeru Fujita; Federal Reserve Bank of Philadelphia
   presented by: Ippei Fujiwara, Australian National University
 

29 sessions, 45 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Anpeng, LiP14
2Bellofatto, AntonioP3
3Berka, MartinP4
4Bethune, ZacharyP16
5Braun, ChristineP26
6Capatina, ElenaP20
7Carli, FrancescoP5
8Chatterjee, ArpitaP17
9Chipeniuk, KarstenP20
10Choi, Woo JinP21
11Cross, JamieP18
12Davoodalhosseini, Seyed MohammadrezaP10
13De Nardi, MariacristinaP1
14Dudek, MaciejP19
15French, ScottP14
16Fujiwara, IppeiP29
17Gomis-Porqueras, PedroP5
18Haque, QaziP18
19Haug, AlfredP9
20Huangfu, Stella XiuhuaP27
21Kano, TakashiP4
22Katayama, MunechikaP15
23King, IanP8
24Kirkby, RobertP21
25Kulish, MarianoP22
26La Cava, GianniP2
27Miranda-Pinto, JorgeP28
28Moslehi, SolmazP2
29Pellegrino, GiovanniP15
30Smith, ChristieP9
31Tan, SereneP18
32Tanaka, SatoshiP3
33Tran, Duc (Brian)P15
34Uren, LawrenceP16
35Waki, YuichiroP17
36Wang, JiaoP2
37Wang, LiangP8
38Weder, MarkP7
39Wesselbaum, DennisP19
40Xiao, SylviaP22
41Xie, YiyuanP7
42Xie, TaojunP17
43Xu, JianhuanP14
44Yu, Pei ChengP3
45Zhu, YuP10

 

This program was last updated on 2017-08-16 19:37:05 EDT