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
MIEW (Macro & International Economics Workshop) - Pawel Krolikowski (Cleveland F)
Title: Reservation Wages Revisited: Empirics with Canonical Models
Abstract: We study reservation wages using innovative longitudinal data on unemployment insurance (UI) recipients, guided by canonical search models. Individual-level expectations about the path of own reservation wages are, on average, consistent with realized reservation wage paths. This first result validates a basic premise in many models of job search by the unemployed. Second, we find that individual-level reservation wages fall faster when unemployment benefit durations are shorter, confirming a basic implication of search models. Third, unemployed job seekers set their initial reservation wages too high and reduce them too slowly relative to calibrated versions of Mortensen's (1977) canonical model. Fourth, reservation wages elicited early in unemployment spells are more powerful predictors of re-employment wages than are wages on the previous job, confirming the information value of survey-elicited reservation wages.