Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
Macro/International Seminar - Amy Handlan (Brown)
Title: Monetary Communication Rules by Laura G谩ti and Amy Handlan
Abstract: Does the Federal Reserve follow a communication rule? We propose a simple framework to estimate communication rules, which we conceptualize as a systematic mapping between the Fed's expectations of macroeconomic variables and the words they use to talk about the economy. We provide strong evidence supporting the existence of a communication rule: 30-40 percent of the variation in language of FOMC policy statements is accounted for by variation in Fed forecasts and other policy instruments, like the target rate and asset purchases. We document a significant break in the communication rule in late 2008, over-and-above shifts in the regressors' distributions. There is evidence that communication rules are stronger post-2008 and this impacts how financial markets react. Overall, investors respond to both systematic and non-systematic communication and do so more strongly after 2008, indicating they pay greater attention with more systematic communication.