The University of Queensland

Productivity, growth and unemployment in economies with frictions (ARC Discovery Project administered by the University of New South Wales) (2017–2022)

Abstract:

In light of the current economic conditions, this project examines the decisions driving productivity, growth, and unemployment in macroeconomies with frictions. It examines the roles that government (fiscal, monetary, and education) policies play in determining these decisions, and identifies the best configurations of these policies. Fully specified dynamic general equilibrium models of economies will be constructed to analyse the causal structure behind productivity changes, growth, and unemployment. These models will then be calibrated to match data from Australian, US, EU, Chinese, and Indian economies; and quantitative experiments will be conducted using simulations, to get estimates of optimal government policy design settings.

Grant type:

University of New South Wales

Funded by:

University of New South Wales