Hysteresis and the Australian economy

Crawford School of Public Policy | Centre for Applied Macroeconomic Analysis

Event details


Date & time

Thursday 04 April 2019


Seminar Room 3, Level 1, JG Crawford Building 132, Lennox Crossing, ANU.


Timothy Watson, PhD Student, CAMA


Rossana Pinto
61 2 61258108

In this seminar Timothy Watson will present his thesis proposal review on ‘Hysteresis and the Australian Economy’.

Timothy’s PhD research will investigate output and unemployment fiscal multipliers in Australia, and how these vary based on capacity utilisation and whether fiscal policy is conducted on a counter or pro cyclical basis. It will also explore cross-country evidence concerning how multipliers differ based on the above factors and also with reference to differences in exchange rate regimes, openness, government and private debt, and monetary policy settings. Based on these results, he will explore what new features need to be incorporated into macroeconomic models of the Australian economy to reflect the empirical regularities observed, providing new insights into the optimal conduct of macroeconomic policy.

Timothy Watson is a 2019 Sir Roland Wilson Scholar from the Department of the Prime Minister and Cabinet (PM&C). Timothy joined the Department of the Prime Minister and Cabinet (PM&C) in 2015 to work in the G20 and Economic Policy Branch. Between 2015 and 2019, Timothy supported the Prime Minister’s engagement in the G20; was the Australian Government’s lead representative on the G20 Digital Economy Taskforce; and undertook secondments to the Department of Industry, Innovation and Science, the Policy Evaluation Branch in the Indigenous Affairs Group, and the Office for Women. During this period he published original economic research with colleagues in peer reviewed journals and conference volumes, and presented at numerous domestic and international conferences. Prior to joining PM&C, Timothy spent almost a decade providing advice on multinational taxation, economic and financial policy in the Commonwealth Treasury, the Victorian Department of Treasury and Finance, and in the private sector.

The CAMA Macroeconomics Brown Bag Seminars offer CAMA speakers, in particular PhD students, an opportunity to present their work in progress in front of their peers, and reputable visitors to showcase their work.

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