Program

Session 1: Credit and Financial Markets

The limit of credit policy and its fiscal remedy
Yunpeng Deng (UNSW Sydney) 
Discussant: Ada Zhou (Reserve Bank of Australia)

Belief disagreement and the social value of leverage
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)
Discussant: Francesco Carli (Deakin University)

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

Keynote Address

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

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) 
Discussant: Solmaz Moslehi (Monash University) 

College majors and skill mismatch: From micro wage losses to macro output losses
Michelle Rendall (Monash University and CEPR)
Satoshi Tanaka (The University of Queensland)
Yi Zhang (The University of Queensland)
Discussant: Lawrence Uren (The University of Melbourne)

Wages when inflation is lower and higher than expected
Nalini Prasad (UNSW Sydney)
Discussant: Sam Tsiaplias (Melbourne Institute)

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)
Discussant: Viet Nguyen (Melbourne Institute)

Structural macroeconomics with daily data
Dan Zhu (Monash University)
Discussant: Jamie Cross (Melbourne Business School)

Unpacking global inflation
Yun Young Gwak (Monash University)
James Morley (The University of Sydney) 
Benjamin Wong (Monash University)
Discussant: Ozer Karagedikli (Asia School of Business)

Monetary policy news and long-run inflation expectations: Measuring news where expectations are formed
Masato Nishiuchi ( Bank of Japan)
Hiroki Yamamoto (Bank of Japan)
Discussant: Kalvinder Shields (The University of Melbourne)

Session 4: Firm Heterogeneity

The geography of financial frictions
Alexander Haas (Monash University)
Rustam Jamilov (University of Oxford and CEPR)
Discussant: James Hansen (The University of Melbourne)

Firm heterogeneity and the aggregate effects of innovation policy
Marek Ignaszak (Goethe University)
Daniel Robbins (University of NSW)
Petr Sedláček (University of NSW) 
Discussant: Paul Jensen (Melbourne Institute)

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)
Discussant: Aniket Banksy (The University of Melbourne)

Keynote Address

AI for economic analysis: tree-based applications
Dr Michele Lenza
Head of the Monetary Policy Research Division, European Central Bank

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)

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)
Discussant: Cristiano Mantovani (The University of Melbourne)

Sticky rents: Understanding how landlords do and don’t change rents
Nick Garvin (e61 Institute)
Amy Tramontozzi (e61 Institute) 
Discussant: May Li (The University of Melbourne) 

Kookaburras in the coal mine? Measuring AI disruption with Australian administrative data
Isaac Gross (Monash University)
Discussant: Jan Kabatek (Melbourne Institute)