This joint workshop with will focus on how market integration - both internal and global - shapes the structural transformation process in developing countries. In particular, we are interested in the role of agriculture and connections between agriculture and on economic development. Specific...

This workshop will focus on the roles of firms, frictions, spillovers and industrial policy in structural transformation and economic growth, with a particular interest in understanding the challenges for the poorest countries. Methodologically, we invite a wide range of approaches including...

This workshop focuses on how home production and market work change during the process of structural transformation, as an economy develops. We are particularly interested in how different types of barriers -- in the home and the market -- affect the movement of work from households into the...

This workshop will focus on the political economy of policies that promote economic development. We are particularly interested in understanding the following questions: Why are growth-conductive policies or regulations adopted in some regions but not in others? What is the role of capture by...

This workshop will focus on how improved data or economic measurement can help shed a light on the process of structural transformation and its link to economic growth. There is a particular interest in understanding the challenges for low-income countries. We welcome papers that introduce new...

The macroeconomic impacts of the quantitative easing programs enacted by the major central banks worldwide have been examined in many scientific articles. An increasing number of papers have additionally explored the spillover effects of the US and – to a lesser degree EA and UK - QE programs...

We document a new fact: in U.S., European and Japanese surveys, households do not expect deflation, even in environments where persistent deflation is a strong possibility. This fact stands in contrast to the standard macroeconomic models with rational expectations. We extend a New Keynesian...

"We study optimal monetary policy during times of exceptionally high global demand for tradable goods, relative to non-tradable services. The optimal monetary response entails a rise in inflation, which helps rebalance production toward the tradable sector. While the inflation costs are fully...

Due to the uncertainty brought about by the pandemic, we are planning a mixed mode event (in person and via Zoom). The exact format will be confirmed at the time of acceptance (mid Feb). The conference provides a forum for the dissemination of student research relating to issues of Globalisation...

Co-author: Luhang Wang (Xiamen University) . In China, the relative wages of high-skilled and low-skilled workers display huge variation across different regions. We examine whether financial intermediation development can explain such variation. Conceptually, better-developed financial...