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Melbourne Institute of Applied Economic and Social Research

Melbourne Annual Macro Policy Meeting

Monday 26 and Tuesday 27 October, the University of Melbourne

About Program Keynote Speakers Venue & Melbourne information Contact

The annual Melbourne Macro Policy Meeting  gathers academics and researchers in policy institutions, and policy analysts to discuss the latest research and thinking about macroeconomic issues and policies. This event is co-hosted by the Department of Economics and the Melbourne Institute.

Details

  • Two-day event, Monday 26 - Tuesday 27 October 2026
  • Held at the Melbourne Business School, 200 Leicester Street, Carlton 3053

Keynote Speakers

  • Michele Lenza
    Head of the Monetary Policy Research Division, European Central Bank
  • Jianjun Miao
    Tsingshan Chair Professor of Economics, Zhejiang University

Policy panel - Macroeconomic policy implications of AI

  • Stephen King, Commissioner, Productivity Commission
  • Mariano Kulish, Professor of Macroeconomics, University of Sydney
  • Claude Lopez, Head of Economic Research, Reserve Bank of Australia
  • Pär Osterholm, Assistant Secretary, Data and Structural Analysis Branch, Macroeconomic Analysis and Policy Division, Australian Treasury
  • John McDermott CRSNZ, Executive Director, Motu Economic and Public Policy Research, New Zealand (moderator)

Register here

Important dates

Monday 1 JunePaper submissions open
Thursday 20 AugustPaper submissions close
Monday 7 SeptemberNotification of paper acceptance

Monday 21 September

Registrations open

Monday 19 October, 12pm

Registrations close

Monday 26 and Tuesday 27 October

Conference

Organising committee

Mei Dong, Professor, Department of Economics, Faculty of Business and Economics, the University of Melbourne

Tim Robinson, Associate Professor, Melbourne Institute of Applied Economic and Social Research, the University of Melbourne

Sponsors

View the 2025 Macro Policy Meeting program

The Macro Policy Meeting will take place at the Melbourne Business School, 200 Leicester St, Carlton, the University of Melbourne.

Register now

Day 1 - Monday 26 October

TimeSession
8:30am - 9:00am Registration
9:00am - 9:15am

Opening remarks -

Professor Guyonne Kalb

Acting Director, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

9:15am - 10:45am

Session 1: Credit and Financial Markets

The limit of credit policy and its fiscal remedy
Yunpeng Deng (UNSW Sydney) 

Speculative credit boom and optimal macroprudential policy
Ding Dong (Hong Kong Baptist University)
Kexin Li (Peking University HSBC Business School)
Zheng Liu (Federal Reserve Bank of San Francisco)
Pengfei Wang (Peking University HSBC Business School and PHBS Sargent Institute of Quantitative Economics and Finance)

Stock market participation, liquidity, and monetary policy
Aaron Sullivan (California State University, Fullerton)
Lu Wang (The University of Western Australia)
Sarah Xiao (UC Irvine)

10:45am - 11:10am Morning Tea
11:10am - 12:25pm

Keynote Address

China’s Online Banking and Co-Lending Policy 
Professor Jianjun Miao
Tsingshan Chair Professor of Economics, Zhejiang University

12:25pm - 1:05pm Lunch
1:05pm - 2:35pm

Session 2: Australian Policy 1

Insurance effects of tax-and-transfer progressivity
Yunho Cho (Sogang University)
James Morley (The University of Sydney)
Aarti Singh (The University of Sydney) 

College majors and skill mismatch: From microwage losses to macro output losses
Michelle Rendall (Monash University and CEPR)
Satoshi Tanaka (The University of Queensland)
Yi Zhang (The University of Queensland)

Wages when inflation is lower and higher than expected
Nalini Prasad (UNSW Sydney)

2:35pm - 3:00pm Afternoon Tea
3:00pm - 5:00pm

Session 3:  Macro Econometrics

A view from above: Measuring the high-frequency effects of monetary policy from space
Markus Brueckner (Australian National University)
Álvaro Fernández-Gallardo (Bank of Spain)
Haiyan Lin (The Hong Kong Polytechnic University)
Evi Pappa  (Universidad Carlos III de Madrid and CEPR)

Structural macroeconomics with daily data
Dan Zhu (Monash University)

Unpacking global inflation
Yun Young Gwak (Monash University)
James Morley (The University of Sydney) 
Benjamin Wong (Monash University)

Monetary policy news and long-run inflation expectations: Measuring news where expectations are formed
Masato Nishiuchi ( Bank of Japan)
Hiroki Yamamoto (Bank of Japan)

5:30pm - 9:00pm

Dinner
Graduate House
220 Leicester Street, Carlton

Note: only for attendees who registered

Day 2 - Tuesday 27 October

TimeSession
8:45am - 9:15am Registration
9:15am - 10:45am

Session 4: Firm Heterogeneity

The geography of financial frictions
Alexander Haas (Monash University)

Rustam Jamilov (University of Oxford and CEPR)

Firm heterogeneity and the aggregate effects of innovation policy
Marek Ignaszak (Goethe University)
Daniel Robbins (University of NSW)
Petr Sedláček (University of NSW) 

Innovation, diffusion, and misallocation: Understanding China’s recent productivity dynamics
Emin Gahramanov (American University of Sharjah)
Yan Liang (Deakin University)
Xueli Tang (Deakin University)
Chengsi Zhang (Renmin University of China)

10:45am - 11:15am Morning Tea
11:15am - 12:30pm

Keynote Address

AI for economic analysis: tree-based applications
Dr Michele Lenza

Head of the Monetary Policy Research Division, European Central Bank

12:30pm - 1:15pm Lunch
1:15pm - 2:45pm

Policy Panel
Economic policy implications of AI

Stephen King, Commissioner, Productivity Commission
Mariano Kulish, Professor of Macroeconomics, University of Sydney
Claude Lopez, Head of Economic Research, Reserve Bank of Australia
Pär Osterholm, Assistant Secretary, Data and Structural Analysis Branch, Macroeconomic Analysis and Policy Division, Australian Treasury
John McDermott CRSNZ, Executive Director, Motu Economic and Public Policy Research, New Zealand (moderator)

2:45pm - 3:15pm Afternoon Tea
3:15pm - 4:45pm

Session 5: Australian Policy 2

Labor supply effects of monetary policy: Evidence from Australian mortgage holders
Mitali Das (International Monetary Fund)
Jonathan Hambur (Reserve Bank of Australia)
Klaus-Peter Hellwig (International Monetary Fund)
John Spray (International Monetary Fund)

Sticky rents: Understanding how landlords do and don’t change rents
Nick Garvin (e61 Institute)

Amy Tramontozzi (e61 Institute) 

Kookaburras in the coal mine? Measuring AI disruption with Australian administrative data
Isaac Gross (Monash University)

4:45pm - 5:00pm

Closing remarks -

Professor Phillip McCalman
Head of Department, Department of Economics, the University of Melbourne

Register now

Dr Michele Lenza

European Central Bank

Michele Lenza is head of the Monetary Policy Research Division at the European Central Bank. His research covers monetary policy and macroeconometric modelling and methods.

He is a Fellow of International Association for Applied Econometrics (IAAE), the Euro Area Business Cycle Network, and the Centre for Economic Policy Research (CEPR).

Michele’s research has been published in journals such as Econometrica, The Review of Economics and Statistics, the Economic Journal, the Journal of the American Statistical Association, the Journal of Econometrics, and the Journal of the European Economic Association.

Professor Jianjun Miao

Zhejiang University

Jianjun Miao is a Tsingshan Chair Professor of Economics at Zhejiang University. His research covers macroeconomics and finance, including topics such as the implications of asset price bubbles and rational inattention.

He is a Fellow of the Society for the Advancement of Economic Theory, and a Senior Fellow of the Asian Bureau of Finance and Economic Research. Jianjun is an associate editor of the American Economic Journal: Macroeconomics, Economic Theory and the Journal of Monetary Economics.

Jianjun’s research has been published in journals such as Econometrica, American Economic Review, Review of Financial Studies, Journal of Financial Economics and the Journal of Finance.

The 2026 Melbourne Annual Macro Policy Meeting will take place at Melbourne Business School, located on The University of Melbourne's Parkville campus - 200 Leicester Street, Carlton, 3053.

Accessible Wayfinding document download (DOCX 38.0 KB)

Getting to the University

From the CBD:

To get to The University of Melbourne from Melbourne's city center, simply catch any tram going up Swanston Street. These trams run from Flinders Street Station and allow you to disembark at Stop 1 – opposite the University.

The Veriu Queen Victoria Market Hotel is a ten-minute walk to the University and located in the vibrant area of the Queen Victoria Market.

The Crown Plaza Melbourne Carlton is also a short walk to the University, located on Swanston St.

A third nearby option is the Lyf on Elizabeth Melbourne in the CBD.

From Carlton:

Zagame's House, Best Western Plus Travel Inn, and Melbourne Carlton Central Apartment Hotel are a 12–15 minute walk from the University of Melbourne.

Navigating The University of Melbourne

The University of Melbourne was founded in 1853 and is Australia’s second oldest university. The University spans two campuses with main campus located in Parkville and the second campus located in Southbank, where the Victorian College of the Arts resides.

You can view map of the Parkville Campus below, download a PDF copy, or access The University of Melbourne interactive map.

Navigating Melbourne

Melbourne, the capital of Victoria, is a beautiful city with fine buildings and spacious parks, which gives Melbourne its 'garden-city' title. Settlers from a variety of countries have given Melbourne a cosmopolitan outlook and the city has developed as the cultural, fashion, shopping, sporting and culinary centre of Australia.

Catching public transport:

Public transport commuters travelling on a full fare ticket are now able to use a credit card, phone or smartwatch across Melbourne.

Concession passengers will still need a myki card. You can purchase a myki card at most convenience stores or major train stations across Melbourne for $6.

There is a ‘Free Tram Zone’ within the Melbourne CBD, however outside of this area you will need to 'Touch On' your device, card or myki. You can download a map of the Free Tram Zone here. The free PTV app is also a useful resource to help with navigation by public transport.

Travelling from the airport:

The SkyBus travels from Tullamarine Airport to Southern Cross Station in the Melbourne CBD. The shuttle bus leaves the airport roughly every 20 minutes and costs $25.90 for a one-way pass or $43.40 for a return fare. Private shuttle buses from the airport can also be booked.

Things to see and do in Melbourne:

The central business district of Melbourne is based around the delta of the Yarra River at the top of a large bay. The city area contains some of Australia's finest parks, gardens and historic buildings, all within walking distance. Melbourne is also Australia's entertainment, sporting and cultural capital. Nearly every cuisine is represented in Melbourne's hundreds of restaurants and cafes.

Places of interest include:
  • Melbourne Zoo
  • Melbourne Skydeck for the awe inspiring view of Melbourne from the Southern Hemisphere's highest viewing platform
  • Fed Square, a venue for food, arts, culture and public events across from Flinders St Station, including the amazing Torres Strait owned and operated Indigenous restaurant, Mabu Mabu
  • Many waterfront restaurants and cafes along the Yarra River or the District Docklands precinct
  • The National Gallery of Victoria
  • Royal Botanic Gardens, recognised as one of the world's best, extending over 38 hectares and housing a collection of more than 8,500 species of plants from around the world
  • The Koorie Heritage Centre, exploring 60,000 years of culture of the Indigenous people of south-eastern Australia
For more information on Melbourne and its surrounding regions, please visit the following websites:
  • Broadsheet Melbourne
  • City of Melbourne
  • Time Out Melbourne
  • Visit Victoria

Contact: melb-macro-policy@unimelb.edu.au

Stay connected:

Website: melbourneinstitute.unimelb.edu.au

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We acknowledge Aboriginal and Torres Strait Islander people as the Traditional Owners of the unceded lands on which we work, learn and live. We pay respect to Elders past, present and future, and acknowledge the importance of Indigenous knowledge in the Academy.

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