CAMA Working Papers

From Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
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2025-30: Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level

Kristin Forbes, Jongrim Ha and Ayhan Kose

2025-29: Fiscal Dominance and the Maturity Structure of Debt

Piyali Das, Chetan Ghate and Subhadeep Halder

2025-28: Learning, Heuristics and Anchored Inflation: How Do Different Types of Consumer Change Their Minds about Inflation?

Kevin Lee, Viet Nguyen and Kalvinder Shields

2025-27: Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes

Christian R. Proano and Jonas Dix

2025-26: Climate Hazards and the Health-Remittance Trade-off: Experimental Evidence from Rural Bangladesh

Gazi M. Hassan

2025-25: The Financial Instability – Monetary Policy Nexus: Evidence from the FOMC Minutes

Dimitrios Kanelis, Lars H. Kranzmann and Pierre L. Siklos

2025-24: How Important Is Global R-Star for Open Economies?

James Morley and Benjamin Wong

2025-23: The Trade-Inflation Nexus: The Role of Production Networks

Thuy Hang Duong and Weifeng Larry Liu

2025-22: Inflation Dynamics in Production Networks

Yasuo Hirose, Munechika Katayama, Kozo Ueda and Kota Watanabe

2025-21: The Macroeconomic Fragility of Critical Mineral Markets

Wilson Kang, Russell Smyth and Joaquin Vespignani

2025-20: Endogenous Business Cycles with Small and Large Firms

Qazi Haque, Oscar Pavlov and Mark Weder

2025-19: Re-visiting the Relationship Between Oil Prices and Monetary Policy

Hilde Bjørnland, Jamie L. Cross and Jonas Holz

2025-18: Understanding Structural Change from Transitioning to a Low-Carbon Economy: An Integrated Multi-Model Approach for Australia

Marc Jim M. Mariano, George Verikios and Yingying Lu

2025-17: Personal Inflation Rates in the Euro Area

Michal Marenčák and Giang Nghiem

2025-16: Branch Banking and Regional Financial Markets: Evidence from Prewar Japan

Mathias Hoffmann, Tetsuji Okazaki and Toshihiro Okubo

2025-15: Defensive Hiring and Creative Destruction

Jesus Fernandez-Villaverde, Yang Yu and Francesco Zanetti

2025-14: Value, Values, and the Role of Awareness

Sandra Eickmeier

2025-13: Monetary Policy Transmission and Household Indebtedness in Australia

Khuderchuluun Batsukh, Nicolas Groshenny and Naveed Javed

2025-12: Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping

Jesus Fernandez-Villaverde, Yiliang Li, Le Xu and Francesco Zanetti

2025-11: Revisiting the Ancient Origins of Gender Inequality

Trung Vu

2025-10: Piecing the Puzzle: Real Exchange Rates and Long-Run Fundamentals

Hilde Bjørnland, Leif Brubakk and Nicolo Maffei-Faccioli

2025-09: How does Monetary Policy Affect Business Investment? Evidence from Australia

Gulnara Nolan, Jonathan Hambur and Philip Vermeulen

2025-08: Impact of Retirement and Re-employment on Health of Older Adults

Do Won Kwak and Jong-Wha Lee

2025-07: How Do Macroaggregates and Income Distribution Interact Dynamically? A Novel Structural Mixed Autoregression with Aggregate and Functional Variables

Yoosoon Chang, Soyoung Kim and Joon Y. Park

2025-06: Dornbusch Overshooting, UIP, and the Systematic Components of Domestic and Foreign Monetary Policy in SVARs

Nicolas Groshenny and Naveed Javed

2025-05: Credit Market Tightness and Zombie Firms: Theory and Evidence

Masashige Hamano, Philip Schnattinger, Mototsugu Shintani, Iichiro Uesugi and Francesco Zanetti

2025-04: How Do Macroeconomic Variables Affect Which Issues Voters Care About?

Lachlan Kerwood-McCall

2025-03: Monetary Policy in Open Economies with Production Networks

Zhesheng Qiu, Yicheng Wang, Le Xu and Francesco Zanetti

2025-02: Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option

Sangyup Choi, Kimoon Jeong and Jiseob Kim

2025-01: Deficit Financing Strategy and Fiscal Sustainability in Bangladesh

Mohammad Mahabub Alam

2024-77: How Fitting is “one-size-fits-all†? Revisiting the Dynamic Effects of ECB’s Interest Policy on Euro Area Countries

Maybrit Wachter, Christian R. Proano and Juan Carlos Pena

2024-76: Real Effects of Bank Shocks

Vivek Sharma

2024-75: Environmental Performance and Economic Growth in the West African Economies

Hammed Oluwaseyi Musibau, Maria Belen Yanotti, Joaquin Vespignani and Rabindra Nepal

2024-74: Fiscal Impacts of Climate Anomalies

Francesco Jacopo Pintus, Jan Jacobs and Elmer Sterken

2024-73: Climate Policy and Sovereign Debt: The Impact of Transition Scenarios on Sovereign Creditworthiness

Matt Burke, Matthew Agarwala, Patrycja Klusak and Kamiar Mohaddes

2024-72: Education Quality and Economic Growth: A New International Measure of Quality of Education

Hammed Musibau, Joaquin Vespignani and Maria Belen Yanotti

2024-71: Applications of Vector Autoregressions in Their Scalar Autoregressive Component Form

Leo Krippner

2024-70: Anchoring Households’ Inflation Expectations when Inflation is High

Giang Nghiem, Lena Dräger and Ami Dalloul

2024-69: Ensuring the Security of the Clean Energy Transition: Examining the Impact of Geopolitical Risk on the Price of Critical Minerals

Jamel Saadaoui, Russell Smyth and Joaquin Vespignani

2024-68: Unveiling inflation: Oil Shocks, Supply Chain Pressures, and Expectations

Knut Are Aastveit, Hilde Bjørnland, Jamie Cross and Helene Olsen Kalstad

2024-67: Resolving Puzzles of Monetary Policy Transmission in Emerging Markets

Jongrim Ha, Dohan Kim, Ayhan Kose and Eswar Prasad

2024-66: Barriers to the Cross-Border Diffusion of Climate Change Policies

Trung Vu

2024-65: Determinants of Excess Reserves in the Banking System of Papua New Guinea

Thomas Wangi

2024-64: The Chinese Silver Standard: Parity, Predictability, and (In)Stability, 1912–1934

Huachen Li and James Nason

2024-63: Discretionary Tax Changes and the Macroeconomic Activity: New Narrative Evidence from Australia

Changchen Ge

2024-62: The ECB’s Climate Activities and Public Trust

Sandra Eickmeier and Luba Petersen

2024-61: The Aging Society: Is Growth Reverting to Pre-Industrial Levels in the 21st Century?

Jakob Madsen

2024-60: The Great Indian Savings Puzzle

Chetan Ghate, Pawan Gopalakrishnan and Anuradha Saha

2024-59: Redistributive Policy Shocks and Monetary Policy with Heterogeneous Agents

Ojasvita Bahl, Chetan Ghate and Debdulal Mallick

2024-58: An Evaluation of the Macro Policy Response to COVID

Chris Murphy