Macroeconomic Theory, Policy and Applications Christopher Gibbs Christian Gillitzer James Graham Stella Huangfu David Kim Mariano Kulish Denny Lie Aarti Singh Matthew Smith Graham White (Sraffian/Classical) Nadine Yamout International Macroeconomics Christopher Gibbs David Kim Mariano Kulish Denny Lie James Morley John Romalis Graham White Monetary Economics Christopher Gibbs Stella Huangfu Mariano Kulish Denny Lie James Morley Aarti Singh Matthew Smith David Kim International Trade Alastair Fraser Mark Melatos John Romalis Vladimir Tyazhelnikov Growth Theory Graham White (Sraffian/Classical) Economic Development Shyamal Chowdhury Valentina Duque Chandana Maitra Emilia Tjernstrom Russell Toth Jordi Vidal‐Robert Public Economics Kadir Atalay Christian Gillitzer Robert Slonim History of Economic Thought Matthew Smith Graham White Economic History / Conflict / Religion Jordi Vidal‐Robert Econometrics Anastasia Burkovskaya Jian Hong Simon Kwok Ye Lu Rami Tabri Brendan Beare Applied Microeconometrics Deborah Cobb‐Clark Nicolas De Roos Rebecca Edwards Tim Fisher Alastair Fraser Chandana Maitra Stefanie Schurer Robert Slonim Katrien Stevens Rebecca Taylor Russell Toth Marian Vidal‐Fernandez Rebecca McKibbin Applied Macroeconometrics Yunjong Eo Simon Kwok Ye Lu James Morley Labour Economics Kadir Atalay Garry Barrett Deborah Cobb‐Clark Rebecca Edwards Hayley Fisher Stefanie Schurer Katrien Stevens Russell Toth Jordi Vidal‐Fernandez Marian Vidal‐Robert Stephen Whelan Rebecca McKibbin Health, Education, and Welfare Kadir Atalay Stephen Cheung Deborah Cobb‐Clark Valentina Duque Rebecca Edwards Chandana Maitra Stefanie Schurer Robert Slonim Rebecca Taylor Marian Vidal‐Fernandez Rebecca McKibbin Human Development Deborah Cobb‐Clark Valentina Duque Stefanie Schurer Economics of the Household Deborah Cobb‐Clark Rebecca Edwards Hayley Fisher Microeconomic Theory and Applications Murali Agastya Oleksii Birulin Tim Fisher Pablo Guillen Jian Hong Onur Kesten Mert Kimya Suraj Prasad Abhijit Sengupta Robert Slonim Russell Toth (applications) Agnieszka Tymula Andrew Wait Mengke Wang Jiemai Wu Game Theory and Applications Murali Agastya Oleksii Birulin Onur Kesten Mert Kimya Abhijit Sengupta Vladimir Smirnov Matthew Smith Jiemai Wu Industrial Organization Oleksii Birulin (theory) Nicolas de Roos Jian Hong (theory/empirical/policy) Suraj Prasad (theory) Abhijit Sengupta (theory) Vladimir Smirnov Andrew Wait (theory/policy) Behavioural and Experimental Economics Anastasia Burkovskaya Stephen Cheung Deborah Cobb‐Clark (not experimental) Christopher Gibbs Pablo Guillen Bob Slonim Rebecca Taylor Russell Toth Agnieszka Tymula (also neuroeconomics) Agricultural / Resource / Environmental Economics Tiho Ancev Shyamal Chowdhury Alastair Fraser Chandana Maitra Rebecca Taylor Russell Toth David Ubilava Faculty currently not available to supervise Garry Barrett (Head of School) Hayley Fisher (DVC Education) Faculty on SSP or leave: Ye Lu (on SSP 1 Aug 2021 to 31 Jan 2022) Chris Gibbs (on SSP leave Semester 2 2021) Jiemai Wu (on SSP from 1 August 2021 to 31 January 2022) Valentina Duque (on SSP from 1 August 2021 to 31 January 2022) Stefanie Schurer (on SSP leave 2021) Here is a bit more information provided by some academics (in alphabetical order) Tiho Ancev tiho.ancev@sydney.edu.au Topics of interest: water economics, economics of climate change, economics of air and water pollution, energy economics, productivity and efficiency measurement, agricultural economics, precision agriculture. Murali Agastya murali.agastya@sydney.edu.au Theoretical micro/game theory/applications. Please contact directly Kadir Atalay kadir.atalay@sydney.edu.au Labour Economics; Public and Health Economics Empirical projects that will utilize micro data sources to analyse inter‐relationship between policy changes and household/individual behaviour ‐ with a focus on retirement, labour supply, consumption and health topics. Possible topics (i) Effect of minimum wage/ macro‐economic conditions on health, ii) Should people in Australia work longer since they are living longer? Garry Barrett garry.barrett@sydney.edu.au 1. Topics in Labour Economics and Microeconometrics. 2. Empirical studies using Australian micro‐data (such as HILDA panel survey data, or ABS cross‐sectional surveys) to address research questions relating to: (a) Changes in the Returns to Education over time, (b) The Growth in Earnings Inequality, (c) Income and Consumption Poverty, (d) Consumption Smoothing and Labour Market Shocks. Brendan Beare: brendan.beare@sydney.edu.au Econometric theory. Please contact directly. Oleksii Birulin oleksii.birulin@sydney.edu.au procurement auctions, mergers and takeovers, corporate finance Please contact directly Anastasia Burkovskaya anastasia.burkovskaya@sydney.edu.au Econometrics: identification and kernel estimation of structural models and applications Behavioral: preference anomalies, especially decision‐making under ambiguity Stephen Cheung stephen.cheung@sydney.edu.au Experimental and behavioural economics 1. Experimental studies of individual decision making under risk and over time 2. Studies of mispricing and overvaluation in experimental markets for long‐lived assets 3. Other topics in experimental and behavioural economics Shyamal Chowdhury shyamal.chowdhury@sydney.edu.au Development economics; Agricultural economics My current research projects include migration, microfinance, skill training, and technology adoption in agriculture in developing countries. Please contact me to discuss possibilities. Deborah.Cobb‐Clark deborah.cobb‐clark@sydney.edu.au Applied topics in labour economics, family economics, and social and economic policy using large data sets. Good knowledge of STATA is essential. Please contact directly. Nick de Roos nicolas.deroos@sydney.edu.au Applied microeconomic theory; Dynamic models; Industrial organization I am open to discuss any topics in industrial organisation: applied theory or empirical. Valentina Duque valentina.duque@sydney.edu.au Health economics; Human Capital; Economic Development My research centres on the determinants and consequences of early childhood health; a particular interest is in the transmission of poverty across generations in both developed and developing countries. For more information on my work please visit: https://sites.google.com/site/valduhe/home Possible research questions include: What are the short‐ and long‐term impacts of prenatal shocks on health and productivity? The effects of social programs on children’s human capital? A thesis supervised by me will involve empirical analysis using longitudinal or large‐scale data. Stata knowledge is essential. Rebecca Edwards rebecca.edwards@sydney.edu.au Labour economics; Applied econometrics; Economics of the family; Inequality and Poverty Potential topics: Empirical microeconomics, with a focus on fertility, labour supply and time use decisions of men and women. The analysis would be based on one of the Australian or international readily available large unit record data sources. Some familiarity with STATA, R, SAS or SPSS is essential. Hayley Fisher hayley.fisher@sydney.edu.au Labour Economics; Economics of the Household; Public Policy Suggested topics: Empirical microeconomics with a focus on household structure (for example, how does public policy affect the decision to be a single parent, or to repartner) or intra‐ household resource allocation (for example, changes in the nature and distribution of home production). One possible topic would be investigating the effect of step parents vs birth parents on time allocation and child outcomes. Alastair Fraser alastair.fraser@sydney.edu.au Applied microeconomics, Environmental economics, International trade I am particularly interested in working with students who would like to do empirical research related to energy and resource use, climate change & low‐carbon finance, or international trade & transportation. Christopher Gibbs christopher.gibbs@sydney.edu.au Macroeconomic Theory, Policy and Applications, International Macroeconomics, Monetary Economics Applied Macroeconometrics, Behavioural and Experimental Economics Christian Gillitzer christian.gillitzer@sydney.edu.au Macroeconomics, public economics I am interested in discussing supervision of topics in public economics or empirical macroeconomics, particular using cross‐sectional methods. James Graham james.a.graham@sydney.edu.au Quantitative and empirical topics in: macroeconomics, household finance, macro‐housing (e.g. urban, real estate, housing finance). I am especially interested in work using heterogeneous agent models in macroeconomics. This could include models that study differences in household income or wealth, consumption patterns, labour market outcomes, or homeownership and debt decisions. Pablo Guillen pablo.guillen@sydney.edu.au Experimental economics; Behavioural economics 1. Matching and market design experiments 2. Public Goods 3. Experimental methods, demand effects Jian Hong jian.hong@sydney.edu.au Empirical Auctions Auctions are popular selling mechanisms, through which millions of goods and services are allocated every day. The distribution of bidders’ value is the main economic primitive of interest. This project aims to identify and estimate the distribution, either parametrically or nonparametrically. Empirical auctions have become an active research field, due to the connection to theoretical models and to the availability of auction data. Some markets in Australia may be good applications, such as auto auctions, property auctions. References: Hendricks, K., & Porter, R. (2007). “An Empirical Perspective on Auctions”. In: Armstrong, M., Porter, R. (Eds.). Handbook of Industrial Organization, vol. III. Elsevier. Laffont, J., & Vuong, Q. (1996). “Structural Analysis of Auction Data”. American Economic Review, Papers and Proceedings, 86, 414–420. Athey, S., & Haile, P. (2008). “Nonparametric Approaches to Auctions”. In: Heckman, J., Leamer, E. (Eds.).Handbook of Econometrics, vol. 6. Elsevier, Amsterdam. Guerre, E., Perrigne, I., & Vuong, Q. (2000). “Optimal Nonparametric Estimation of First‐ price Auctions”. Econometrica, 68, 525–574. Stella Huangfu stella.huangfu@sydney.edu.au Monetary Economics; Macroeconomics I am open to discuss any topics in monetary economics: theory or empirical. David Kim kim.david@sydney.edu.au Empirical macroeconomics; Financial Markets, Open economy macroeconomics 1. Empirical studies of economic fluctuations 2. Current account and international business cycle 3. Testing macro‐finance models Onur Kesten onur.kesten@sydney.edu.au Game Theory; Micro Theory: I am particularly interested in "market design" which roughly corresponds to looking at a real-life resource allocation problem such as an auction or matching e.g., student-college assignments, identifying its deficiencies in terms of incentives, efficiency or fairness and proposing ways of improvement. Mert Kimya mert.kimya@sydney.edu.au Micro Theory, Game Theory, Decision Theory Mariano Kulish mariano.kulish@sydney.edu.au Macroeconomics, International Macroeconomics, Monetary Economics, Applied Econometrics My research studies the behaviour of economies undergoing structural changes and populated by forward‐looking individuals. I have worked on developing new techniques to solve and estimate rational expectations models under structural changes and applying them to questions of policy relevance, such as estimating the impact of the zero lower bound in the US and of commodity prices in Australia. Denny Lie denny.lie@sydney.edu.au Monetary Economics; Macroeconomics; Monetary Policy and Business Cycles; International Finance: the Indonesian economy Ye Lu ye.lu1@sydney.edu.au Econometrics; Financial Econometrics I am interested in high frequency financial econometric modelling, and applied macro‐finance research topics ideally with a high frequency component. Chandana Maitra chandana.maitra@sydney.edu.au Agricultural Economics, Health Economics, Applied microeconomterics Empirical projects that will utilize micro data sources for application to analysis of food insecurity and its complex interlinkages with poverty, health, cognitive skills , social and emotional well‐being. Current work on which I’d like to supervise students – ‘Triple burden of malnutrition in India’ – coexistence of the problem of undernutrition, over nutrition and micro nutrient deficiency in the same country/household. We’ll analyse the nature and extent of the problem, its drivers and health consequences, using Indian Demographic and Health Survey data 1992‐2016. Rebecca McKibbin Rebecca.mckibbin@sydney.edu.au My research interest is in the economics of science production and the impact of scientific progress in medicine on health outcomes. I’m currently working on several projects that use the shock created by COVID-19 to examine the short run impact on biomedical research and physician treatment choices for noncovid related conditions. The datasets that I typically use in my research require some basic knowledge of python and sql in addition to stata skills. Please contact me to discuss specific topics. Mark Melatos mark.melatos@sydney.edu.au International Economics and International Trade ‐ especially the design and/or impact of regional trade agreements. James Morley james.morley@sydney.edu.au Macroeconomics, Applied Time Series Econometrics, International Finance My research interests relate to the empirical analysis of business cycles, stabilization policy, and sources of persistent changes in macroeconomic and financial conditions. Suraj Prasad suraj.prasad@sydney.edu.au Organizational Economics; Contract Theory Topics in organizational economics with an emphasis on the provision of incentives. John Romalis john.romalis@sydney.edu.au International Trade; International Macroeconomics Topics in international trade or international macroeconomics, ideally but not necessarily with an empirical component. Stefanie Schurer stefanie.schurer@sydney.edu.au I will supervise topics in the field of Health Economics, Applied Econometrics, Life Course Analysis, and Cost‐ effectiveness Analysis. Due to my research focus I have a specific interest in the economics of human development, i.e. following the evolution of human and health capital from birth into older age, and the factors that shape this path. A thesis supervised by me is likely to involve an empirical analysis using longitudinal, cohort or administrative data. Examples of a possible Honours thesis are: 1. Causes and consequences of economic upward mobility/economic inequality in Australia 2. Long‐term health and productivity costs of childhood adversity 3. Testing the rational addiction model: Evidence from Australia 4. College readiness of adolescents from advantaged and disadvantaged families For more information about my work, please visit: www.stefanie‐schurer.com Abhijit Sengupta abhijit.sengupta@sydney.edu.au Microeconomic theory, game theory and applications, auction theory and mechanism design Generally speaking, I am open to supervising most topics in pure game theory or applications of game theory. As examples, I am working with my three PhD students on (a) auction theory and mechanism design, (b) coalition formation, and (c) on the question: why does great inequality persist in democracies? Finally, I am also interested in evolutionary foundations of economic behaviour. Aarti Singh aarti.singh@sydney.edu.au Topics in empirical macroeconomics with a focus on fiscal policy. Robert Slonim robert.slonim@sydney.edu.au I am interested in a range of approaches to study the above topics, including a combination of theoretical, empirical and (lab and field) experimental methods. I am currently working with several external partners (federal and state governments, private sector) applying behavioral economics to a broad range of policy issues across an increasingly wide range of topics, and I am interested to include motivated and energetic students in this work. Vladimir Smirnov vladimir.smirnov@sydney.edu.au Industrial Organization, Dynamic games Please contact Vladimir directly to discuss possible supervision. Matthew Smith matthew.smith@sydney.edu.au History of Economic Thought; Macroeconomics; Classical economics; Growth and distribution; Monetary economics 1. Central banking policy ‐ its aims, problems and how it is conducted (can be applied and/or theoretical) 2. The effects on distribution of monetary policy 3. Demand‐led (Keynesian) growth theory and role of technical change Katrien Stevens katrien.stevens@sydney.edu.au Labour Economics; Applied microeconomics; Public and Social policy Topics in empirical microeconomics, with a focus on labour economics and fertility. 1. Returns to education, impact of age at school start on cognitive skills (test scores) and non‐cognitive skills, topics in child development. 2. Wage differentials and discrimination, evolution of income/wage inequality and driving factors, 3. Fertility decisions: role of uncertainty in income/employment, parental labour supply changes as the child grows and the role of institutions. Rebecca Taylor r.taylor@sydney.edu.au Applied Microeconometrics; Environmental Economics; Agricultural & Resource Economics; Behavioral and Experimental Economics; Food Policy My research examines environmental and food policies aimed at altering what people consume and how people consume. Policies of interest include regulating plastic carryout bags and containers, incentivizing recycling, taxing soda and sugar, eco‐labeling, and healthy food nudges. To study consumer behavior, I often work with large retail datasets, which contain information on types, quantities, and prices of items purchased. Research questions include: Are these policies effective, especially when there is debate over optimal policy design? Do these policies displace consumption in unintended ways—where the reduction of one externality causes the growth of another? How do these policies interact with issues of equity? For more details see: www.rebeccataylor.site Emilia Tjernstrom emilia.tjernstrom@sydney.edu.au Development Economics Russell Toth russell.toth@sydney.edu.au Development economics 1. Microeconomic topics in development economics. Empirical project, or a theoretical project with an empirical component. Willing to consider broad set of topics in development economics, with particular interests in development of the private sector (firms, access to finance and financial inclusion, entrepreneurship, market issues, new technologies), with overlapping interests in environmental, agricultural and behavioural economics in the context of economic development. 2. Theoretical or empirical projects on the economics of entrepreneurship could also be feasible. Please contact me to request reading(s) relevant to one of these topics, to request a meeting to discuss topics, or to inquire about other topics in development economics. Vladimir Tyazhelnikov vladimir.tyazhelnikov@sydney.edu.au International trade Open to supervise various topics in international trade. I am particularly interested in theoretical and empirical analysis of trade liberalization and welfare gains from trade. Besides that I also have interests in Economic History aspects of International Trade. Tymula, Agnieszka agnieszka.tymula@sydney.edu.auBehavioural Economics; Experimental Economics; Neuroeconomics You will learn how to properly set up an experiment and the econometric tools to draw conclusions from it. Any project on individual decision‐making (especially with focus on risk attitudes, perception of rewards and probabilities, procrastination and self‐control) and the ultimate goal to relate insights from research to applied work, especially in the area of policy interventions, optimal organizational and incentives design, finance, political economics, and marketing. Topics that I am currently working on include: 1. implications of past experiences and the limitations of the nervous system on financial decision making. How do we value options? How do we perceive probabilities? Why do we have biases? There is scope to behaviourally test various predictions of a biologically realistic models of value/utility and extend existing theory 2. behavioural economics of disadvantage ‐ anything that has to do with understanding how to break through the cycle of disadvantage using behavioural economics More information at: http://www.tymula.com/agnieszka/ David Ubilava david.ubilava@sydney.edu.au Empirical topics that apply econometric methods to investigate causal relationships between climate and economic variables. Jordi Vidal‐Robert jordi.vidal‐robert@sydney.edu.au Economic History, Economics of Institutions, Religion Economics, Conflict Economics Topics that I am currently working on include: 1. Long‐run impact of economic and political institutions on economic growth, culture and political outcomes 2. The effect of fractionalization and polarization on conflicts 3. Reasons for the emergence and evanescence of Zipf’s law and the distribution of population across cities. Open to discuss any other ideas. Examples: the effects of convict immigration in Australia, religion conflicts in a European (non‐European) context, … Marian Vidal‐Fernandez m.vidal‐fdez@sydney.edu.au Empirical Microeconomics, Human Capital, Labour Economics. My main focus of research analyses the determinants of human capital formation in babies, children and young adults that affect productivity in adulthood as measured by educational attainment, wages, crime and health. These include but are not limited to: 1. Soft skills such as personality 2. Hard skills (test scores) 3. Health 4. Family conditions and environment such as birth order or suffering the death of a family member 5. Policies affecting teenager’s behaviour towards their allocation of time between studying and leisure. 6. Fertility and female labour force participation. For more details on my work please see www.marianvidalfernandez.com Andrew Wait andrew.wait@sydney.edu.au Industrial Organization 1. Decision making in organisations. The project would involve an empirical and possibly theoretical analysis of the decision making in organisations. For example, when does an organisation use consultation (and extension communication) in the decision making process, and when is a decision more likely to be made by one person? Cross‐country comparisons of decision making in Australia and other countries are also possible. Data source: Australian Workplace Industrial Relations Survey, Workplace Employment Survey (UK), Enquête Response (France). References: Acemoglu, D., P. Aghion, C. Lelarge, J. Van Reenen & F. Zilibotti 2006, ‘Technology, Information and the Decentralization of the Firm’, mimeo. Delmastro, M. (2002), `The determinants of the management hierarchy: evidence from Italian plants', International Journal of Industrial Organization, 20, 119‐137. Kieron Meagher & Andrew Wait 2007, ‘Big Decisions and Little Fish: Theory and Evidence on Competition, Uncertainty and Delegation in Firms’, mimeo 2. Innovation in Australian businesses. Using the Business Longitudinal Survey and the Innovation in Australian Business Survey, analyse innovation in Australian workplaces. Mengke Wang mengke.wang@sydney.edu.au Decision theory and its application in games. Individual decision making with bounded rationality, rational inattention and other-regarding preferences. Stephen Whelan stephen.whelan@sydney.edu.au Applied Econometrics and Labour Economics; Applied economics; Labour economics; Public policy; Social policy 1. Are women working to pay off the mortgage? Fortin, N.M (1995), 'Allocation Inflexibilities, Female Labor Supply, and Housing Assets Accumulation: Are Women Working to Pay the Mortgage?' JOLE 13(3), pp. 524‐57. 2. The effect of crime on happiness The project will consider what effect, if any, the gradual increase in the age pension age for women in Australia has had on labour market outcomes, especially participation in paid employment. Data source ‐ HILDA Frey, B.S. and Stutzer, A. (2002a), ‘What can economists learn from happiness research?’ Journal of Economic Literature 40, 402–35. Note that this article includes some additional references to general literature reviews about happiness. Jiemai Wu jiemai.wu@sydney.edu.au Microeconomic theory, game theory, and applications I am particularly interested in studying the following topics from a theoretical perspective: 1. social learning 2. persuasion 3. self‐control and addiction Nadine Yamout nadine.yamout@syndey.edu.au Applied macroeconomics, open economy macroeconomics, and fiscal policy