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
Tuesday, December 03, 2019
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CWIP Lunchtime Workshop - James FenskeS1.50 |
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MTWP (Micro Theory Work in Progress) Workshop - Udara Peiris (Moscow)S2.79Title: Capital Flow Freezes (joint with Anna Sokolova and Dimitrios P. Tsomocos) Abstract: The post-2008 period focused attention on 鈥渢win-crises鈥�. Banking crises may lead to sovereign crises where fiscal vulnerabilities are exacerbated by the extension of support for the banking system. We develop a model where capital inflow is generated by the private sector to finance investment and consumption expenditure. In the event of an economic contraction, the haircut on outstanding debt is negotiated, or bargained, centrally by the sovereign. The volume of debt and haircut rates are inefficient; in anticipation of high rates of default, the interest rates required by the lender may be prohibitively high for borrowers to accept and capital flows may cease as a unique equilibrium outcome. The inability to roll over debt may mean markets may freeze several periods in advance of significantly large downturns in income. Macroprudential policy targeting capital accumulation may prevent such capital flow freezes and implement constrained efficient outcomes. |
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Seminar - Arpita Chatterjee (Sydney)S2.79Title to be advised. |