Macroeconomics and International
Macroeconomics and International Economics
The Macro and International Economics Research Group consists of faculty and PhD students and is primarily a research group. Most of the interaction centres around our weekly seminar and workshop, but we also take responsibility for the teaching curriculum in macroeconomics, international finance and international trade. Our members are also affiliated with the Centre for Competitive Advantage in the Global Economy (CAGE), the Centre for Macroeconomics (CfM), the National Institute of Economic and Social Research (NIESR), and the Centre for Economic Policy Research (CEPR). We frequently host visitors for research seminars or longer stays.
At the heart of the group's interaction are the weekly seminar for external visitors and a weekly workshop for internal faculty and PhD students. Our other events include annual workshops in empirical macro (with Warwick Business School), international trade (with CAGE) and the "Micro and Macro" workshops (with the Econometrics and Labour Group), occasional conferences, an internal summer workshop, reading groups, and a welcome lunch for the new PhD students at the start of the academic year.
Our activities
Macroeconomics and International Economics Seminar
Thursday: 2.00-3.30pm
For faculty and PhD students at Warwick and other top-level academic institutions across the world. For a detailed scheduled of speakers confirmed please follow the Events link below.
Organisers: Federico Rossi, Christine Braun and Marta Santamaria
Macroeconomics and International Economics Workshop
Tuesday: 12.00-1.00pm
For faculty and PhD students at Warwick and occasional external speakers, to present their work and give feedback to each other. For a detailed scheduled of speakers confirmed please follow the Events link below.
Organisers: See-Yu Chan and Andrea Guerrieri D’Amati
People
Academics
Academics associated with the Macroeconomics Reseach Group are:
Research Students
Events
Macro/International Seminar - Miguel Leon-Ledesma (Kent)
Title: (Endogenous) Growth Slowdowns
Abstract: We present a model where temporary shocks can lead to permanent changes in the rate of growth of total factor productivity (TFP). The model features matching between basic research and development within an expanding variety semi-endogenous growth model. Search externalities generate vicious and virtuous research cycles. The model has a unique equilibrium path but multiple balanced growth paths (BGPs). After a long-lived or deep financial shock, the economy can transit between these BGPs, generating “super-hysteresis” in TFP. We analyze the model in the context of the Japanese growth slowdown and show that it can explain almost all of the TFP growth decline after the financial crisis in the early 1990s. Demographic shocks combined with a long-lasting financial crisis proved to be the “wretched coincidence” that led to the growth slowdown.