Money and Labour Workshop

University of Sydney, May 18 - 21, 2009

The workshop will consist of two mini-courses on Money and Labour, which will be taught, respectively, by Professors Stephen Williamson (Washington University in St. Louis) and Richard Rogerson (Arizona State University).

Intended audience: The workshop is intended for academic researchers and graduate students, but will be of interest to policy makers and practitioners in government interested in the theory of money and labour.

Outline of the lectures

Professor Williamson's lectures will focus on current theories of money, credit, and credit market frictions. Topics will include random matching models of money, credit, and banking; money and credit with limited commitment; and monetary policy responses to financial market crises.

Professor Rogerson's lectures will focus on differences in hours of work and unemployment across countries. The lectures will begin by presenting evidence to show that the evolution of these labour market outcomes have displayed dramatic differences across countries. Having established these facts, the lectures will then consider models that have been used to understand these differences, with a focus on using models to quantify the effects of various policies and regulations that affect labour market outcomes.

Lecture notes on Labour (by Prof. Rogerson): Structural Transformation and the Deterioration of European Labor Market Outcomes, Cross Country Differences in Hours of Work: A First Look, Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004, Micro and Macro Labor Supply Elasticities in a Life Cycle Model With Taxes

Workshop details


There are a number of accommodation options available close to the venue. Please see the Workshop Accommodation page for more information.

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