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/International Economics Workshop) - Andrea Guerrieri D'Amati
Andrea will present a project he has been working on with Gavin Hassall
Title: Embracing the Future: Tense Patterns and Forward-Looking Monetary Policy.
Abstract : This paper explores how the language used in Federal Open Market Committee (FOMC) meeting minutes relates to future monetary policy and impacts financial markets. We construct a measure of future-oriented language using a Structural Topic Model combined with a Large Language Model. Regressing stock market reactions on the share of future-oriented language for each topic shows that increased discussion of GDP and monetary policy in the future tense associates with stock price increases. This suggests forward-looking communication provides valuable signals to investors about central bank intentions. The results demonstrate subtle variations in central bank communications can sway expectations and risk assessments, which highlights the importance of thoughtful transparency practices when conveying policy deliberations to the public.