Behavioural Macroeconomics and Complexity Program
• Bui D, Hayo B and Nghiem G (2026) 'The Marginal Propensity to Consume and Household Savings during the COVID-19 Pandemic: Evidence from Thailand and Vietnam', International Economics and Economic Policy, forthcoming.
• Ludolph M, Nghiem G and Tonzer L (2026) 'Fiscal Expansion and Households’ Income Inequality Expectations: A Survey Experiment', Review of Income and Wealth, Vol 72 (4), Nov 2026, e70093 (CAMA WP 19/2026).
• Proaño CR and Jonas Dix J (2026) 'Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes', Metroeconomica, Special Issue, February 2026. (CAMA WP 27/2025).
• Coccia S and Russo A (2026) 'Inequality, heterogeneous agents, and the transmission channels of monetary policy: A survey', Journal of Economic Interaction and Coordination, June 2026.
Climate Change and Energy Program
• Liu W, McKibbin WJ , Morris AC and Wilcoxen PJ (2026) 'Macroeconomic implications of large-scale productivity shocks', Energy Economics, 160 (2026) 109485.
• Smyth R and Vespignani J (2026) 'The Missing Link in Australia's Critical Minerals Strategy: The Case for Establishing a Sovereign Resources Fund', Economic Papers, July 2026.
• Wiskich A (2026) 'Slow and steady wins the race: how autonomy facilitates long-haul truck electrification', Transportation Research Part D: Transport and Environment, DOI: 10.1016/j.trd.2026.105587 (CAMA WP 65/2025).
• Wiskich A (2026) 'Take me home, country roads: choosing autonomous EVs over personal aviation', Australian Journal of Agricultural and Resource Economics, 12 October 2026.
Commodities and the Macroeconomy Program
• Bjørnland HC, Chang Y and Cross JL (2026) 'Oil and the Stock Market Revisited: A mixed functional VAR approach', Quantitative Economics, 17(2), 541-589 (CAMA WP 18/2023).
• Aastveit KA, Bjørnland HC, Cross JL and Kalstad HO (2026) 'Unveiling Inflation: Oil Shocks, Supply Chain Pressures, and Expectations', European Economic Review, 181, 105192 (CAMA WP 68/2024).
Saadaoui J, Smyth R, Vespignani J and Wang Y (2026), 'Critical Minerals in an Age of Geopolitical Rivalry: Stockpiling, Refining Constraints, and the Limits of Friend-Shoring', Oxford Review of Economic Policy, Volume 42, Issue 1, Spring 2026, Pages 111–130 (CAMA WP 72/2026).
• Duong TH (2026) 'Inflation Propagation in Production', Australian Economic Review, March 2026.
Finance and the Macroeconomy Program
• Arin KP, Khalil U, Mazrekaj D and Thum M (2026) 'Terrorism and misperceptions: Evidence from Europe', Journal of Economic Behavior & Organization, 242, Feb 2026, 107408.
• Aastveit KA, Bjørnland HC and Gundersen T (2026) 'The Price Responsiveness of Shale Producers: Evidence from Micro Data', Quantitative Economics, 17(2), 394-430 (CAMA WP 70/2022).
• Cepni O, Can U and Aysan AF (2026) 'Abnormal weather shocks and US state level municipal bond returns', Finance Research Letters, Volume 92, March 2026, 109591.
• Can U (2026) 'Stock market-based identification of fiscal policy shocks and their effects on asset prices and economic sentiment', The North American Journal of Economics and Finance, V84, May 2026, 102632 (CAMA WP 27/2026).
• Albanese M and Colella I (2026) 'Pricing climate risk: policy signals and carbon emissions', Journal of Economic Studies, 1–15.
• Eickmeier S and Petersen L (2026) 'The ECB’s climate activities and public trust', European Economics Review, online 7 April 2026, 105319 (CAMA WP 62/2024)
• Eickmeier S and Petersen L (2026) 'Beyond technocracy: Toward a holistic approach to central bank trust', European Journal of Political Economy, forthcoming (CAMA WP 31/2024)
• Naz SA, Gulzar S and Hassan MK (2026) 'Sukuk, Financial Crises and Growth: Empirical Evidence from Islamic Capital Markets', Journal of Business and Socio-Economic Development, 6(2):148–169.
• Giovannelli MC, Oldani C and Franco S (2026) 'The European capital of culture: a systematic review of the literature', Journal of Policy Research in Tourism, Leisure and Events, March 2026.
• Oldani C, Bruno GSF and Signorelli M (2026) 'Uncertainty shocks and trading intensity of cryptocurrencies', Digital Finance, V8, 37.
• Saadaoui J (2026) 'Geopolitical Turning Points and Macroeconomic Volatility: A Bilateral Identification Strategy', Journal of Comparative Economics, online 11 April 2026 (CAMA WP 08/2026).
• Afonso A, Alves J, Coelho JC and Saadaoui J (2026) 'What are the causal links between fiscal and external sustainability in the EU? New time-varying evidence', Journal of International Money and Finance, 167, 103610.
• Frangiamore F and Saadaoui J (2026) 'Local and Anglosphere-Based Geopolitical Risk and Sovereign Stress in the Euro Area', Finance Research Letters, 101, 110078.
• Sharma V (2026) 'Lending Relationships and Boom-Bust Cycles', Journal of Financial Stability, Volume 83, March 2026, 101511.
• Burdekin R and Siklos PL (2026) 'Combating Crises and Deflation: China’s Monetary Policy from Financial Liberalization through the Pandemic', Economic Modelling, V161, August 2026, 107628.
• Humann N, Kanelis D, Kranzmann LH and Siklos PL (2026) 'Financial market reactions to the novelty of information in FOMC minutes', Finance Research Letters, V108, October 2026, 110475 (CAMA WP 54/2026).
• Kanelis D and Siklos PL (2026) 'Emotion of Euro Area Monetary Policy Communication and Bond Yields: The Draghi Era', Journal of Economic Behavior & Organization, V245, May 2026, 107525 (CAMA WP 75/2022).
• Bohl MT, Humann N and Siklos PL (2026) 'The Monetary Policy - Commodities Nexis: A Survey', Journal of Economic Surveys, Volume 40, Issue 2, April 2026, Pages 1050-1082.
• Kanelis D, Kranzmann LH and Siklos PL (2026) 'The Financial Instability - Monetary Policy Nexus: Evidence from the FOMC Minutes', International Journal of Central Banking, forthcoming (CAMA WP 25/2025).
• Chen H and Siklos PL (2026) 'Estimates of the Neutral Rate of Interest for China: Business and Financial Cycle Implications', Journal of Financial Stability, 87, 01588.
• Bohl MT, Kranzmann LH and Siklos PL (2026) 'The Stabilizing Effect of Sanctions during Hyperinflations: the Case of Venezuela Reopens the Debate', Journal of Policy Modeling, 07089.
• Clare A, Seaton J, Smith PN and Thomas S (2026) 'The Irrelevance of Target Date Investing: International Evidence for Long Run Savings and Decumulation and Its Implication for Glidepath Investing', The Journal of Retirement, Spring 2026, 14 (1).
• Chen Y, Mamon R, Spagnolo F, Spagnolo N and Xiong H (2026) 'Forecasting and Pricing in the Carbon Credit Market', Journal of Forecasting, May 2026.
• Chen Y, Erlwein-Sayer C, Mamon R, Spagnolo F and Spagnolo N (2026) 'The impact of Green Bonds on Issuer’s Environmental Performance', Quantitative Finance, 993-1015.
• Ricordi D, Sola M, Spagnolo F and Spagnolo N (2026) 'When Volatility Turns, Recessions Follow', Economic Modelling, 159, 107588.
• Psaradakis Z, Sola M, Spagnolo N and Yunis P (2026) 'Predictive Accuracy of Impulses Responses Estimated Using Local Projections and Vectot Autoregressions', Studies in Nonlinear Dynamics and Econometrics, V30 (3).
• Alfano MR, Ciucci S and Spagnolo N (2026) 'Health, Wage Rate and The Optimal Treatment Strategy', Journal of Economic Studies, 53 (5), 912-923.
• Albanese M, Caporale GM, Colella I and Spagnolo N (2026) 'Climate Risk, Oil Shocks and the Spillover Effect between Green and Brown Stock Markets', International Review of Economics and Finance, 106, 104883.
Globalisation and Trade Program
• Ding Z, Spencer AH, Wang Z (2026) 'Dynamic effects of industrial policies amidst geoeconomic tensions', European Economic Review, Volume 185, May 2026, 105296 (CAMA WP 67/2025)
Growth, Demographics and Productivity Program
• Wheadon D, Castex G, Kudrna G and Woodland A (2026) 'Self-Control preferences and public pension analysis', Journal of Economic Behavior & Organzation, Volume 241, January 2026, 107338.
• Lee H, Lee JW and Song E (2026) 'Occupational exposure to artificial intelligence, wages, skills in the Korean labour market', Economic Analysis and Policy, Vol 94, December 2026, Pages 467-499.
• Lee H and Lee JW (2026) 'Explaining gender differences in mathematics achievement: Cross-country evidence from PISA', International Journal of Educational Development, 125, 103648.
• Lee H and Lee JW (2026) 'Why East Asian students perform better in mathematics than their peers: An investigation using a machine learning approach', Singapore Economic Review.
• Lee JW and McKibbin WJ (2026) 'Harnessing the Synergy of Artificial Intelligence (AI) and Human Capital Restructuring in Ageing Economies', The South East Asian Central Banks (SEACEN) Research and Training Centre, 198201000672 (80416-M), 31 March 2026.
• Lee H and Lee JW (2026) 'Higher education quality, income, and innovation: Cross-country evidence', Japan and the World Economy, 101357, June 2026 (CAMA WP 41/2025).
• Yakita A (2026) 'Intergenerational transmission of preference for
children, the fertility transition, and economic growth', Research in Economics, 80(3), 101155.
• Yakita A (2026) "Pollution, reproductive health capital, and fertility', Journal of Population Economics, 39(4), Article No 57.
Macroeconomic Policy Frameworks Program
• Guender AV and McHugh-Smith H (2026) 'Financial vs. trade openness: Where openness matters for CPI inflation and where it doesn’t”, The Journal of International Trade and Economic Development, Vol 35, No 5, 1185-1222.
• Hasui K, Sugo T and Teranishi Y (2026) 'Liquidity trap and optimal monetary policy: Evaluations for U.S. monetary policy from 2020 to 2023', Journal of Economic Dynamics and Control, 105274, V184, March 2026 (CAMA WP 03/2026).
• Bai X, Fernandez-Villaverde J, Li Y and Zanetti F (2026) 'The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Theory and Evidence', American Economic Review, forthcoming (CAMA WP 09/2024).
• Qiu Z, Wang Y, Xu L,and Zanetti F (2026) 'Monetary Policy in Open Economies with Production Networks', Journal of Monetary Economics, Volume 159, April 2026, 103918 (CAMA WP 03/2025).
• Kulish M, Morley J, Yamout N and Zanetti F (2026) 'Dutch Disease, Unemployment and Structural Change', Economic Inquiry, April 2026 (CAMA WP 38/2023).
• Bai X, Fernandez-Villaverde J, Li Y and Zanetti F (2026) 'State Dependence of Monetary Policy During Global Supply Chain Disruptions', Journal of Political Economy: Macroeconomics, forthcoming (CAMA WP 37/2026).
• Fernandez-Villaverde J, Yang Y and Zanetti F (2026), 'Technological Synergies, Heterogenous Firms, and Uncertainty Shocks', Review of Economics and Statistics, forthcoming (CAMA WP 22/2024)
Macroeconomic Theory Program
• Carlevaro EA, Haque Q and Magnusson LM (2026) 'Empirical evidence on the US monetary–fiscal policy mix', Economics Letters, Volume 261, March 2026, 112858.
• Graham J and McDowall RA (2026) 'Mental Accounts and Consumption Sensitivity across the Distribution of Liquid Assets', American Economic Journal: Macroeconomics, 18 (1): 1–33 (CAMA WP 25/2024).
• Maldonado WL, Borges W and De-Losso R (2026) 'On the optimality of the deposit insurance premium', International Review of Economics and Finance, V106, 104954.
Model Uncertainty and Macro-Econometrics Program
• Camehl A and von Schweinitz G (2026) 'What Explains International Interest Rate Co-Movement?', Journal of Applied Econometrics, online, Feb 2026.
• Fujiwara I and Matsuyama K (2026) 'Competition and the Phillips Curve', Journal of Monetary Economics, 159, 103920, April 2026.
• Morley J and Wong B (2026) 'How important is global r-star for open economies?', European Economic Review, V188, August 2026, 105391 (CAMA WP 24/2025).
• Li H and Nason JM (2026) 'The Chinese Silver Standard: Parity, Predictability, and (In)Stability, 1912–1934', Journal of International Money and Finance, V167, August 2026, 103638 (CAMA WP 64/2024)
• Lütkepohl H, Shang F, Uzeda L and Woźniak T (2026) 'Partial identification of structural vector autoregressions with non-centred stochastic volatility', Journal of Econometrics, 256(B).
Open Economy Macroeconomics Program
• Choi S and Phi J (2026) 'Impact of uncertainty shocks on income and wealth inequality', Journal of Money, Credit and Banking, 2026, 58, 3 (CAMA WP 33/2023).
• Choi S, Jang I, Kang KY and Kim H (2026) 'Haircut, interest rate, and collateral quality in the tri-party repo market: evidence and theory', Review of Economic Dynamics, August 2026, 61:101351 (CAMA WP 47/2026)
• Ifrim A, Kollmann R, Pfeiffer P, Ratto M and Roeger W (2026) 'Persistent Global Growth Differences and Euro Area Adjustment: Real Activity, Trade and the Real Exchange Rate', Journal of International Economics, 2026, Article 104313 (CAMA WP 50/2025).
• Nolan C (2026), 'A simple prudential-effort foundation for the financial trilemma', Economics Letters, 262, March 2026, 112879 (CAMA WP 51/2026).
• Piccirilli G, Sacchi A and Traficante G (2026) 'Demographics, political agenda, and public budget', European Journal of Political Economy, V94, August 2026, 102865.
• Crucini MJ, Shintani M and Tsuruga T (2026) 'A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate', Journal of the European Economic Association, jvag027 (CAMA WP 40/2021).
•Tsuruga T and Yue Z (2026) 'Overreaction in inflation expectations: do behavioural attributes of individuals matter?', Applied Economics, 8 Sep 2026.
Book
Leigh A (2026) 'The Shortest History of Innovation', Black Inc, 17 Feb 2026, Paperback, 256pp.
Paccagnini A (2026) 'Macroeconometrics' De Gruyter.
Book Chapters
- Fry-McKibbin R, Liu W and McKibbin WJ, Rapid Productivity Growth in Asia: Internal and External Financing, Chapter 5, pp205 -254.
- Kitao S, Navigating Demographic Aging and Macroeconomic Growth in Asia: Lessons from Japan’s Experience, Chapter 6, pp275-301
- Lee JW, Aging, Human Capital, and Economic Growth: Lessons from Japan for Aging Asia, Chapter 6-2, pp310-320
in the book, Navigating Asia’s Path to a High-Income and Sustainable Future, ADBI Annual Conference 2024, Shengchi Ma, Dil B. Rahut, Tetsushi Sonobe, and Daniel Suryadarma, February 2026.