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: David Boll and Andrea Guerrieri D’Amati
People
Academics
Academics associated with the Macroeconomics Reseach Group are:
Events
Macro/International Seminar - Jonas Gathen (CEMFI)
Title: Historical Persistence and the Dynamics of Development
Abstract: How can we quantify the effects of policy in economies in which firms face adjustment frictions and the economic environment changes constantly? In such settings, changes in the economy may come from new policy changes or from adjustments to past changes. We show how to empirically disentangle both using a structural model of firm dynamics and standard firm-level panel data. We apply our approach to the Indonesian manufacturing Growth Miracle from 1975 to 2015, estimating the model on 40-years of micro data along the observed growth path without assuming that the economy is ever at a steady state. We find that growth from catching-up to previous changes in the economy is key and does not get less important over time, because adjustments are slow and economy-wide changes frequent. Wrongly assuming the economy is in steady state before major new policy changes -- as is common practice in the literature -- can lead to large errors.
A link to an old version of the paper is here: https://www.jonasgathen.com/uploads/JMP_Jonas_Gathen.pdf