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 Economics Seminar - Joseba Martinez (LBS)
Joseba will be visiting the department for this Seminar, Federico Rossi is hosting this visit.
Title Automation Potential and Diffusion
Abstract: We introduce a novel methodology to measure the invention and diffusion of labor-replacing technology in the US economy. First, we measure the relevance of US patents introduced from 1920-2018 to work tasks performed by human workers using a natural language processing algorithm. After controlling for the confounding effects of the evolution of language, we obtain a measure that we call the \textit{automation potential} of newly introduced technology: the potential for that technology to eventually replace human workers in the performance of tasks. In a local projections framework, we estimate the impulse response of task hours worked to an automation potential shock and find negative effects, especially at longer horizons, suggesting i) that our measure captures the development of labor-replacing technology, and ii) that such technology diffuses gradually into the economy.