PROGRAMME SCHEDULE
Workshop held on 4-5 April 2002, Wellington, New Zealand
The 7th annual Australasian Macroeconomics Workshop will be hosted by the Reserve Bank of New Zealand, with assistance from Victoria University of Wellington. The Workshop will be held in the Faculty of Law, Government Buildings, 15 Lambton Quay, Wellington, on April 4 and 5, 2002.
The Workshop, crossing the Tasman Sea for the first time, follows the successful Workshops at the University of Adelaide (2001), University of Queensland (2000), the Australian National University (1999), the University of Tasmania (1998), the University of New South Wales (1997) and the University of Melbourne (1996).
The format of the Workshop will be similar to that in previous years. The emphasis is on the participants presenting their work for the purposes of feedback: plenty of time is left for the discussant and the floor, and there are no invited or keynote speakers. Workshop participants are typically staff from universities and policy institutions with a professional interest in macroeconomics.
The Workshop is run in a series of 90 minute sessions. Each session (organised around a topical area) will comprise the presentation and discussion of three contributed papers. Paper presentation will be kept to around 15-17 minutes. Presenters are therefore encouraged to be succinct and to get across the key elements and contributions of their paper quickly and clearly. Each paper will have a formal discussant and the discussant will have 8-10 minutes. It is hoped that the discussant will provide important feedback to the authors and also try to encourage general discussion amongst the audience. The remaining time will be devoted to questions from the audience.
Coffee and lunch breaks will be provided between the sessions. The Workshop dinner will take place on Thursday evening at the Backbencher Pub & Café, 34 Molesworth Street, Wellington.
We very much hope that you will be able to attend. Also, please point other macroeconomists who may not be aware of the Workshop towards this website.
Submission of papers
The strict closing date for submission of abstracts is 1st February 2001. Note that, given there are usually more papers submitted than can be accepted for presentation, authors are encouraged to submit a detailed abstract (minimum 500 words) and preferably the entire paper, in order to facilitate the refereeing process that will determine the final Workshop program.
Please submit abstracts to:
David Hargreaves
Reserve Bank of New Zealand
2 The Terrace
PO Box 2094
Wellington,
New Zealand
Email: hargreavesd@rbnz.govt.nz
Telephone:
64 4-471-3665
Fax: 64 4-473-1209
Registration
Registration is from 8.30 am to 9.00 am, on Thursday, 4 April in room G07 at the Workshop venue.
The registration fee is NZ$30 payable by either cash or NZ cheque.
The Workshop dinner is NZ$35 and is payable at registration. The dinner will be held at 7.00pm on Thursday, at the Backbencher Pub & Café, 34 Molesworth Street, Wellington.
Workshop papers will be available from the registration office, but we advise you take your own copies as only a limited number of papers will be available.
The final programme will be available at registration.
A few pens and pads will be located in the registration office and in each of the lecture theatres for your use.
Venue/map
Lectures will be held in rooms LT3 and LT4 (as noted on the programme).
Registration and refreshments will be held in room G07.
View the Government Buildings map and surrounding streets.
Thursday & Friday, 4 & 5 April 2002
Faculty of Law, Government
Buildings, 15 Lambton Quay, Wellington
Lecture Theatres LT3 and
LT4
(Sessions in LT3 unless otherwise noted)
Programme schedule for Thursday 4 April- Opening - |
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8.30 am |
Registration and coffee |
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9.00 am |
Session A: Economic modelling |
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International SVAR factor modelling (PDF 460KB) |
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Renée Fry, Queensland University of Technology |
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Discussant - David Hargreaves* |
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A small estimated model (SEM) for New Zealand (PDF 119KB) |
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Yuong Ha and Tim Hampton, Reserve Bank of New Zealand |
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Discussant - Paul Gardiner |
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The New Zealand Treasury model (PDF 253KB) |
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Paul Gardiner and Kam Szeto, The Treasury, New Zealand |
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Discussant - James Twaddle |
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10.30 am |
Morning tea |
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11.00 am |
Parallel session: Lecture Theatre LT3 |
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Session B: Macroeconomic policy |
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Unobservable-component estimates of output gaps in five Asian economies (PDF 141KB) |
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Stefan Gerlach+ - Hong Kong Monetary Authority, and Matthew Yiu |
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Discussant - Leni Hunter |
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New Zealand macroeconomic performance in the 1990s: trends and policy debates (PDF 253KB) |
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Heather Kirkham and Struan Little, The Treasury, New Zealand |
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Discussant - Viv Hall |
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Monetary policy effects in an Australian Bayesian VAR model (PDF 127KB) |
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Alex Joiner , Monash University |
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Discussant - Bob Buckle* |
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11.00 am |
Parallel session: Lecture Theatre LT4 |
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Session C: Growth and convergence |
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Income ranking, convergence speeds, and growth effects of inequality with two-dimensional adjustment (PDF 411KB) |
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Jie Zhang, University of Queensland |
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Discussant - Chris Plantier |
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Modelling social infrastructure and growth (PDF 287KB) |
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Martin S Chin, The University of Melbourne |
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Discussant - Ian King/Debasis Bandyopadhyay |
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Using a 2-sector growth model to assess the macroeconomic consequences of financial liberalisation (PDF 423KB) |
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Martin Chin and Yuan Chou+, The University of Melbourne |
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Discussant - Ian King* |
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12.30 pm |
Lunch |
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1.30 pm |
Parallel session: Lecture Theatre LT3 |
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Session D: Labour markets |
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Chairperson - Kevin Fox |
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A new look at the impact of migration on the wage differential (PDF 66KB) |
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Hsiao-chuan Chang, The University of Melbourne |
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Discussant - Yuan Chou |
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“Residual” wage disparity in directed search equilibrium (PDF 160KB) |
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Dr Ian King+ - University of Auckland, John Keenes and Benoît Julien |
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Discussant - Jie Zhang |
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1.30 pm |
Parallel session: Lecture Theatre LT4 |
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Session E: Savings and the current account |
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Dan Andrews, Reserve Bank of Australia |
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Discussant - Zac Lam |
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Housing values, deregulation, and household savings behaviour: The case of New Zealand (PDF 210KB) |
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Leslie Hull, Reserve Bank of New Zealand |
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Discussant - Iris Claus |
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Factor income shares and the current account of the New Zealand balance of payments (PDF 167KB) |
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Geoff Bertram, Victoria University of Wellington |
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Discussant - Struan Little* |
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3.00 pm |
Afternoon tea |
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3.30 pm |
Session F: Analysing business cycles |
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Monetary policy and forecasting inflation with and without the output gap (PDF 1078KB) |
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Weshah Razzak, Reserve Bank of New Zealand |
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Discussant - Stefan Gerlach |
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On growth and volatility regime switching models for New Zealand GDP data (PDF 322KB) |
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Bob Buckle+, David Haugh, The Treasury, NZ and Peter Thomson+, Statistics Research Associates Ltd, NZ |
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Discussant - Florin Citu |
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Dynamic asymmetries in the Australian labour market (PDF 457KB) |
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Dr Philip M Bodman, University of Queensland |
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Discussant - Mark Crosby* |
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5.00 pm |
End of day one |
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7.00 pm |
Dinner The Backbencher Pub & Café 34 Molesworth Street, Wellington |
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Programme schedule for Friday 5 April |
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9.00 am |
Session G: Monetary policy |
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Would adopting the Australian dollar provide superior monetary policy in New Zealand? (PDF 219KB) |
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Viv Hall+ - Victoria University of Wellington, Aaron Drew, John McDermott and Robert St Clair |
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Discussant - Renée Fry |
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Estimating a Taylor Rule for New Zealand with a time-varying neutral real rate (PDF 244 KB) |
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L Christopher Plantier+ and Dean Scrimgeour, Reserve Bank of New Zealand |
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Discussant - Dan Andrews |
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10.00 am |
Morning tea |
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10.30 am |
Session H: Exchange rates and international business cycles |
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The long run value of currencies: A Big Mac perspective (PDF 248KB) |
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Yihui Lan, The University of Western Australia |
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Discussant - Ozer Karagedikli |
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Can pricing to market explain the fact that $1AUD+$1NZ<$1USD? (PDF 84KB) |
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Mark Crosby, The University of Melbourne |
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Discussant - Alex Joiner |
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Economic fundamentals do matter for the NZD/AUD exchange rate (PDF 203KB) |
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Paul Conway, Westpac Banking Corporation |
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Discussant - Yuong Ha* |
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12.00 pm |
Lunch |
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12.45 pm |
Session I: Analysing national account statistics |
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Inter-industry linkages in New Zealand (PDF 474KB) |
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Iris Claus - The Treasury, New Zealand |
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Discussant - Geoff Bertram |
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Problems with (dis)aggregating productivity, and another productivity paradox (PDF 134KB) |
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Kevin J Fox - The University of New South Wales |
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Discussant - Glenn Otto* |
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1.45 pm |
Break |
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2.00 pm |
Session J: Long term trends |
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Productivity growth and convergence in the European Union, 1965-1998 |
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Rolf Fare, Shawna Grosskopf, and Dimitri Margaritis+ - University of Waikato |
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Discussant - Dean Scrimgeour |
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Calm after the Storm?: Supply-side contributions to New Zealand’s GDP volatility decline |
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Bob Buckle+, David Haugh, The Treasury, NZ and Peter Thomson+, Statistics Research Associates Ltd, NZ |
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Discussant - Kevin Fox |
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Population ageing and fiscal policy in New Zealand (PDF 138KB) |
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Nick Davis and Richard Fabling+, The Treasury, New Zealand |
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Discussant - Mardi Dungey* |
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3.30 pm |
Afternoon tea |
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4.00 pm |
Session K: Open economies and the world environment |
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International contagion effects from the Russian crisis and the LTCM near-collapse (PDF 383KB) |
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Mardi Dungey+ - Australian National University, Renée Fry, Brenda González-Hermosillo and Vance Martin |
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Discussant - Leslie Hull |
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Are revisions to Consensus Forecasts predictable? (PDF 190KB) |
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Christie Smith and Anna Kulhavy, Reserve Bank of New Zealand |
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Discussant - Nick Davis |
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Understanding OECD output correlations (PDF 228KB) |
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Glenn Otto+ - University of New South Wales, Graham Voss and Luke Willard |
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Discussant - Dr Philip M. Bodman* |
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5.30 pm |
End of conference |
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* Chair for the session |
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+ Person presenting paper if more than one author is listed |
Workshop participants
A full list of participants will be available on Thursday afternoon, 4 April 2002
Company |
Attendees |
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Australian National University Economics Division Research School of Pacific and Asian Studies Canberra ACT 0200 AUSTRALIA |
Mardi Dungey Fellow Tel: +61 2 6125 0304 Fax: +61 2 6125 3700 Email: mardi.dungey@anu.edu.au |
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University of Auckland Department of Economics Private Bag 92019 Auckland NEW ZEALAND |
Ian King Associate Professor Tel: +64 9 373 7599 ext 7664 Fax: +64 9 373 7427 Email: ip.king@auckland.ac.nz |
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Hong Kong Monetary Authority 30/F., 3 Garden Road, Central HONG KONG |
Stefan Gerlach Executive Director (Research) Tel: +852 2878 8800 Fax: +852 2878 2280/2878 2490 Email: Stefan_GERLACH@hkma.gov.hk |
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The University of Melbourne Department of Economics Parkville, Victoria 3065 Melbourne AUSTRALIA Fax: +61 3 8344 6899 |
Martin S Chin Tel: +61 3 8344 5287 Email: m.chin@pgrad.unimelb.edu.au Yuan Chou Email: ychou@unimelb.edu.au Mark Crosby Email: mcrosby@unimelb.edu.au Hsiao-chuan Chang Lecturer Tel: +61 3 8344 5364 Email: changh@unimelb.edu.au |
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Monash University Department of Econometrics and Business Statistics AUSTRALIA |
Alex Joiner Tel: +61 3 9905 2405 |
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The University of New South Wales School of Economics Sydney 2052 AUSTRALIA |
Kevin J Fox Tel: +61 2 9385 3320 Fax: +61 2 9313 6337 Email: K.Fox@unsw.edu.au Glenn Otto Email: g.otto@unsw.edu.au |
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Queensland University of Technology Department of Economics and Finance Brisbane, QLD 4006 AUSTRALIA |
Renée Fry Lecturer Tel: +61 7 3864 2901 Email: ra.fry@qut.edu.au |
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University of Queensland School of Economics Brisbane, QLD4072 AUSTRALIA |
Dr Philip M Bodman Senior Lecturer Tel: +61 7 3365 6440 Fax: +61 7 3365 7299 Mob: +409 764 157 Email: P.Bodman@economics.uq.edu.au Jie Zhang Senior Lecturer Tel: +61 7 3365 6488 Fax: +61 7 3365 7299 Email: j.zhang@economics.uq.edu.au |
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Reserve Bank of Australia Economic Research Department 65, Martin Place, GPO Box 3947 Sydney, NSW 2001 AUSTRALIA |
Daniel (Dan) Andrews Tel: +61 2 9551 8857 Fax: +61 2 9551 8833 Email: andrewsd@rba.gov.au |
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Reserve Bank of New Zealand No 2 The Terrace, PO Box 2498 Wellington NEW ZEALAND Tel: +64 4 472 2029 Fax: +64 4 473 1209 |
David Hargreaves Anna Kulhavy Chris Plantier Christie Smith Dean Scrimgeour Florin Citu James Twaddle Leslie Hull Tim Hampton Weshah Razzak Yuong Ha Ozer Karagedikli |
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The Treasury 1 The Terrace, PO Box 3724 Wellington NEW ZEALAND Tel: +64 4 472 7233 |
Iris Claus Email: Iris.Claus@treasury.govt.nz Email: Kam.Szeto@treasury.govt.nz Nick Davis Email: Nick.Davis@treasury.govt.nz Paul Gardiner Email: Paul.Gardiner@treasury.govt.nz Peter Thomson Email: Peter.Thomson@treasury.govt.nz Richard Fabling Email: Richard.Fabling@treasury.govt.nz Robert (Bob) Buckle Email: Robert.Buckle@treasury.govt.nz Struan Little |
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Victoria University of Wellington Economics and Finance PO Box 600 Wellington NEW ZEALAND Tel: +64 4 472 1000 |
Viv Hall Professor Email: viv.hall@vuw.ac.nz Geoff Bertram Senior Lecturer Tel: +64 4 472 1000 ext 8551 Email: Geoff.Bertram@vuw.ac.nz Zac Lam Email: lamzach@scs.vuw.ac.nz |
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University of Waikato Department of Economics Private Bag 3105 Hamilton NEW ZEALAND |
Dimitri Margaritis Tel: +64 7 838 4454 Email: dimitri@mngt.waikato.ac.nz |
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University of Western Australia Economic Research Centre Department of Economics AUSTRALIA |
Yihui Lan Tel: +61 8 938 01368 Fax: +61 8 9380 1073 Email: ylan@ecel.uwa.edu.au |
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Westpac Banking Corporation PO Box 691 Wellington NEW ZEALAND |
Paul Conway Adviser Tel: +64 4 381 1414 Email: paulconway@westpac.com.au |
Papers
Links to papers will be provided as soon as they are available.
Renée Fry
International SVAR factor modelling (PDF 460KB)
Yuong Ha and Tim Hampton
A small estimated model (SEM) for New Zealand (PDF 119KB)
Paul Gardiner and Kam Szeto
The New Zealand Treasury model (PDF 253KB)
Heather Kirkham and Struan Little
New Zealand macroeconomic performance in the 1990s: trends and policy debates (PDF 253KB)
Alex Joiner
Monetary policy effects in an Australian Bayesian VAR model (PDF 127KB)
Jie Zhang
Income ranking, convergence speeds, and growth effects of inequality with two-dimensional adjustment (PDF 411KB)
Martin S Chin
Modelling social infrastructure and growth PDF 287KB)
Martin Chin and Yuan Chou
Using a 2-sector growth model to assess the macroeconomic consequences of financial liberalisation (PDF 423KB)
Hsiao-chuan Chang
A new look at the impact of migration on the wage differential (PDF 66KB)
Dr Ian King
“Residual” wage disparity in directed search equilibrium (PDF 160KB)
Dan Andrews
City sizes, housing costs, and wealth
Leslie Hull
Housing values, deregulation, and household savings behaviour: The case of New Zealand (PDF 210KB)
Geoff Bertram
Factor income shares and the current account of the New Zealand balance of payments (PDF 167KB)
Weshah Razzak
Monetary policy and forecasting inflation with and without the output gap (PDF 1078KB)
Bob Buckle, David Haugh and Peter Thomson
On growth and volatility regime switching models for New Zealand GDP data (PDF 322KB)
Dr Philip M Bodman
Dynamic asymmetries in the Australian labour market (PDF 457KB)
Viv Hall, Aaron Drew, John McDermott and Robert St Clair
Would adopting the Australian dollar provide superior monetary policy in New Zealand? (PDF 219KB)
L Christopher Plantier +and Dean Scrimgeour
Estimating a Taylor Rule for New Zealand with a time-varying neutral real rate (PDF 244 KB)
Yihui Lan
The long run value of currencies: A Big Mac perspective (PDF 248KB)
Mark Crosby
Can pricing to market explain the fact that $1AUD+$1NZ<$1USD? (PDF 84KB)
Paul Conway
Economic fundamentals do matter for the NZD/AUD exchange rate (PDF 203KB)
Iris Claus
Inter-industry linkages in New Zealand (PDF 474KB)
Stefan Gerlach
Unobservable-component estimates of output gaps in five Asian economies (PDF 141KB)
Kevin J Fox
Problems with (dis)aggregating productivity, and another productivity paradox (PDF 134KB)
Rolf Fare, Shawna Grosskopf and Dimitri Margaritis
Productivity growth and convergence in the European Union, 1965-1998
Bob Buckle, David Haugh and Peter Thomson
Calm after the Storm?: Supply-side contributions to New Zealand’s GDP volatility decline
Nick Davis and Richard Fabling
Population ageing and fiscal policy in New Zealand (PDF 138KB)
Mardi Dungey, Renée Fry, Brenda González-Hermosillio and Vance Martin
International contagion effects from the Russian crisis and the LTCM near-collapse (PDF 383KB)
Christie Smith and Anna Kulhavy
Are revisions to Consensus Forecasts predictable? (PDF 190KB)
Glenn Otto, Graham Voss and Luke Williard
Understanding OECD output correlations (PDF 228KB)
Contact details
David Hargreaves
Reserve Bank of New Zealand
2 The Terrace
PO Box 2498
Wellington,
New Zealand
Email: hargreavesd@rbnz.govt.nz
Telephone: 64 4-471-3665
Fax: 64 4-473-1209
Accommodation
The Reserve Bank has block bookings at the following places, both are within easy walking distance of the conference location. If you would like a reservation made or would like to discuss accommodation options, please email Louise.
Ibis Hotel Wellington
153 Featherston Street
Wellington
Tel: +64 4 496 1880, Fax: +64 4 496 1881
Rate: Weekdays $136, Weekends (incl. Friday) $111
Rates include GST
Downtown Backpackers
1 Bunny Street
Wellington
Tel: +64 4 473 8482, Fax: +64 4 471 1073
Web: www.downtownbackpackers.co.nz
Rate: $40 includes GST
