Applied Microeconomics
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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
Thursday, November 16, 2023
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PEPE Seminar - Didac Queralt (Yale)S2.79Title: The Legacy of Church-State Conflict: Evidence from Nazi Repression of Catholic Priests |
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MIWP (Microeconomics Work in Progress) - Massimiliano Furlan (MRes)S2.79Title to be advised. |
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MIEW (Macro/International Economics Workshop) - Yaolang ZhongS2.79Title: Operator Learning in Macroeconomics Abstract: This paper proposes a novel solution framework for the class of dynamic macroeconomic models with a continuum of heterogeneous agents and aggregate uncertainty. In these models, an agent's state variables include her individual state vector and a distribution function representing all agents' states, an infinite-dimensional object. Unlike the prevalent benchmark method that approximates the distribution function with a high-dimensional vector of simulated agents, this paper suggests the formulation of the policy function as an operator that maps between function spaces. The operator is parameterized by a cutting-edge neural network architecture known as the neural operator. This proposed framework offers significant computational advantages due to its three defining properties: discretization-invariance, permutation-invariance, and aggregation-sharing. The effectiveness of this approach is demonstrated by solving the Bewley-Huggett-Aiyagari model with aggregate uncertainty, a benchmark in computational economics literature. The proposed framework not only demonstrates computational efficiency as it manages tens of thousands of agents during simulations to precisely approximate the distribution function but also showcases its superior performance, achieving solutions with less than a one percent relative error in a shorter computational time compared to the benchmark method.
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