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
MIEW (Macro and International Economics Workshop) - Tamon Asonuma (IMF)
- Title: Heterogeneous Sovereign Debt Crisis Costs
- Author: Tamon Asonuma, Hyungseok Joo, and Dilek Sevinc
Abstract: Sovereign debt crisis costs vary across restructurings. We compile data on corporate borrowing from sovereigns鈥� (governments鈥�) foreign creditor countries in 1977–2020. We find that prior to preemptive restructurings, corporates have higher external borrowing, and during preemptive restructurings, both corporate external borrowing and output decline modestly. We build sovereign debt model with endogenous sovereign鈥� choice of preemptive and default/post-default restructurings, corporate external borrowing, and output. We quantitatively show that sovereign鈥檚 preemptive restructuring choice moderately reduces the foreign creditor鈥檚 net worth and corporate external borrowing, which in turn, results in a moderate output decline—鈥渆xternal financing channel鈥�. Data support theoretical predictions.