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Events calendar

Australasian macroeconomics workshop 2002

This 2002 workshop held at the Faculty of Law in Wellington involved participants from universities and policy institutions with a professional interest in macroeconomics. It used the format of a workshop series held at six universities in Australia between 1996 and 2001.

Published date:
Past Event
Faculty of Law, Government Buildings, 15 Lambton Quay, Wellington

Programme for Thursday 4 April

Session 1: Economic model

Session Chair: David Hargreaves (Reserve bank of New Zealand)

International SVAR factor modelling
Presented by: Renée Fry (Queensland University of Technology)
Discussant: David Hargreaves (Reserve Bank of New Zealand)

A small estimated model (SEM) for New Zealand
Presented by: Yuong Ha and Tim Hampton (Reserve Bank of New Zealand)
Discussant: Paul Gardiner (The Treasury)

The New Zealand Treasury model
Presented by: Paul Gardiner and Kam Szeto (The Treasury, New Zealand)
Discussant: James Twaddle (Reserve Bank of New Zealand)

Session 2: Macroeconomic policy

Session Chair: Bob Buckle (The Treasury, New Zealand)

Unobservable-component estimates of output gaps in five Asian economies
Presented by: Stefan Gerlach (Hong Kong Monetary Authority) and Matthew Yiu
Discussant: Leni Hunter

New Zealand macroeconomic performance in the 1990s: trends and policy debates
Presented by: Heather Kirkham and Struan Little (The Treasury, New Zealand)
Discussant: Viv Hall (Victoria University of Wellington)

Monetary policy effects in an Australian Bayesian VAR model
Presented by: Alex Joiner (Monash University)
Discussant: Bob Buckle (The Treasury, New Zealand)

Session 3: Growth and convergence

Session chair: Ian King (University of Auckland)

Income ranking, convergence speeds, and growth effects of inequality with two-dimensional adjustment
Presented by: Jie Zhang (University of Queensland)
Discussant: Chris Plantier (Reserve Bank of New Zealand)

Modelling social infrastructure and growth
Presented by: Martin S Chin (The University of Melbourne)
Discussant: Ian King and Debasis Bandyopadhyay (University of Auckland)

Using a 2-sector growth model to assess the macroeconomic consequences of financial liberalisation
Presented by: Martin Chin and Yuan Chou (The University of Melbourne)
Discussant: Ian King (University of Auckland)

Session 4: Labour markets

Session chair: Kevin Fox (University of New South Wales)

A new look at the impact of migration on the wage differential
Presented by: Hsiao-chuan Chang (The University of Melbourne)
Discussant: Yuan Chou (The University of Melbourne)

"Residual" wage disparity in directed search equilibrium
Presented by: Ian King, John Keenes and Benoît Julien (University of Auckland).
Discussant: Jie Zhang (University of Queensland)

Session 5: Savings and the current account

Session Chair: Struan Little (The Treasury, New Zealand)

City sizes, house costs, and wealth
Presented by: Dan Andrews (Reserve Bank of Australia)
Discussant: Zac Lam (Victoria University of Wellington) 

Housing values, deregulation, and household savings behaviour: The case of New Zealand
Presented by: Leslie Hull (Reserve Bank of New Zealand)
Discussant: Iris Claus (The Treasury, New Zealand)

Factor income shares and the current account of the New Zealand balance of payments
Presented by: Geoff Bertram (Victoria University of Wellington)
Discussant: Struan Little (The, Treasury, New Zealand)

Session 6: Analysing business cycles

Session chair: Mark Crosby (The University of Melbourne)

Monetary policy and forecasting inflation with and without the output gap
Presented by: Weshah Razzak (Reserve Bank of New Zealand)
Discussant: Stefan Gerlach (Hong Kong Monetary Authority)

On growth and volatility regime switching models for New Zealand GDP data
Presented by: Bob Buckle, David Haugh (The Treasury, New Zealand) and Peter Thomson (Statistics Research Associates Ltd, New Zealand)
Discussant: Florin Citu (Reserve Bank of New Zealand)

Dynamic asymmetries in the Australian labour market
Presented by: Dr Philip M Bodman (University of Queensland)
Discussant: Mark Crosby (The University of Melbourne)

Programme for Friday 5 April

Session 7: Monetary policy

Would adopting the Australian dollar provide superior monetary policy in New Zealand?
Presented by: Viv Hall (Victoria University of Wellington), Aaron Drew, John McDermott and Robert St Clair
Discussant: Renée Fry (Queensland University of Technology)

Estimating a Taylor Rule for New Zealand with a time-varying neutral real rate
Presented by: L Christopher Plantier and Dean Scrimgeour (Reserve Bank of New Zealand)
Discussant: Dan Andrews (Reserve Bank of Australia)

Session 8: Exchange rates and international business cycles

Session chair: Yuong Ha (Reserve Bank of New Zealand)

The long run value of currencies: a Big Mac perspective
Presented by: Yihui Lan, The University of Western Australia
Discussant: Ozer Karagedikli (Reserve Bank of New Zealand)

Can pricing to market explain the fact that $1AUD+$1NZ<$1USD?
Presented by: Mark Crosby (The University of Melbourne)
Discussant: Alex Joiner (Monash University)

Economic fundamentals do matter for the NZD/AUD exchange rate
Presented by: Paul Conway (Westpac Banking Corporation)
Discussant: Yuong Ha (Reserve Bank of New Zealand)

Session 9: Analysing national account statistics

Session chair: Glenn Otto (The University of New South Wales)

Inter-industry linkages in New Zealand
Presented by: Iris Claus (The Treasury, New Zealand)
Discussant: Geoff Bertram (Victoria University of Wellington)

Problems with (dis)aggregating productivity, and other productivity paradox
Presented by: Kevin J Fox (The University of New South Wales)
Discussant: Glenn Otto (The University of New South Wales)

Session 10: Long term trends

Session chair: Mardi Dungey (Australian National University)

Productivity growth and convergence in the European Union, 1965-1998
Presented by: Rolf Fare, Shawna Grosskopf, and Dimitri Margaritis (University of Waikato)
Discussant: Dean Scrimgeour (Reserve Bank of New Zealand)

Calm after the storm? Supply-side contributions to the New Zealand's GDP volatility decline
Presented by: Bob Buckle, David Haugh (The Treasury, New Zealand) and Peter Thomson (Statistics Research Associates Ltd, New Zealand)
Discussant: Kevin Fox (The University of New South Wales)

Population ageing and fiscal policy in New Zealand
Presented by: Nick Davis and Richard Fabling (The Treasury, New Zealand)
Discussant: Mardi Dungey (Australian National University)

Session 11: Open economies and the world environment

Session chair: Philip M Bodman (University of Queensland)

International contagion effects from the Russian crisis and the LTCM near-collapse
Presented by: Mardi Dungey (Australian National University), Renée Fry, Brenda González-Hermosillo and Vance Martin
Discussant: Leslie Hull (Reserve Bank of New Zealand)

Are revisions to Consensus Forecasts predictable?
Presented by: Christie Smith and Anna Kulhavy (Reserve Bank of New Zealand)
Discussant: Nick Davis (The Treasury, New Zealand)

Understanding OECD output correlations
Presented by: Glenn Otto (University of New South Wales), Graham Voss and Luke Willard
Discussant: Philip M Bodman