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:
Natalia Zinovyeva
Co-ordinator
Jennifer Smith
Deputy Co-ordinator
Research Students
Events
Wednesday, February 09, 2022
-Export as iCalendar |
MIMA (Microeconomics Workshop in Macroeconomic Theory) -via ZoomTitle: Central Bank Account for All: Efficiency and Risk-Taking (joint with Cyril Monnet and Mariana Rojas-Breu) Abstract: “ We analyze the effect that an interest-bearing central bank digital currency (CBDC), that competes with bank deposits as a medium of exchange, has on the banking sector. Monopolistic banks issue deposits to lend to productive investment projects. We show that CBDC leads to increased remuneration on bank deposits. CBDC promotes intermediation and increases bank profits for low to moderate interest rate levels. We characterize the optimal interest rate on CBDC and demonstrate that a higher rate leads to sub-optimal investment decisions and build-up of banking sector risk. Until investment efficiency is achieved, it is optimal for the central bank to offer the same remuneration on CBDC and reserves. If the CBDC rate is set higher than the optimal level, reserves become an important policy tool to crowd out sub-optimal investment and mitigate banking sector risk. ” Via Zoom : Meeting ID - 858 6905 0241 Passcode: 983859 |