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  • Chris Edmond: Home
    Professor of Economics, University of Melbourne My main research interests are in macroeconomics, international economics, and information economics Before coming to Melbourne I was an Assistant Professor of Economics at the Stern School of Business, New York University
  • Chris Edmond: Teaching
    Current courses Introductory Macroeconomics, undergraduate Macroeconomics II, PhD core Older courses (most recent vintage, at Melbourne except where noted) Economic growth, PhD core (at MIT) Advanced macroeconomics, honours masters Macroeconomics, PhD core Advanced topics in macroeconomics, PhD topics Monetary economics, honours masters Intermediate macroeconomics, undergraduate
  • Chris Edmond
    Teaching experience University of Melbourne Macroeconomics II (PhD), 2023 Introductory macroeconomics (undergraduate), 2020—present Macroeconomics (PhD), 2017—2019
  • Chris Edmond: Research
    Chris Edmond's Web Page WORK IN PROGRESS Unbundling labor [slides] (with Simon Mongey), August 2022 Local concentration, national concentration, and the spatial distribution of markups (with Jonathan Becker, Virgiliu Midrigan and Daniel Yi Xu), September 2023
  • Chris Edmond: Teaching
    Advanced Macroeconomics (honours masters), 2019 This is an 'advanced introduction' to macroeconomics for honours undergraduates or masters students The course covers core topics in macro -- long run economic growth, business cycle fluctuations, unemployment, inflation, optimal stablization policy, etc -- but with a greater emphasis on formal models, especially dynamic models, than is often
  • Monetary Economics - Chris Edmond
    Solve for unknown coefficients • Substitute for endogenous variables in equilibrium conditions • Dynamic aggregate supply equation ⇡vvt + ⇡aat = (⇡v⇢vvt + ⇡a⇢aat)+ (yvvt + yaat) Collecting terms 0=(⇡v⇢v + yv ⇡v)vt +(⇡a⇢a + ya ⇡a)atIn equilibrium, has to hold for any realization of shocks vt,at • Therefore ⇡v⇢v + yv ⇡v =0
  • Monetary Economics - Chris Edmond
    Calvo price stickiness • Firms have IID random opportunities to change prices – with probability ,firmkeepscurrentprice – with probability 1 ,firmgetstore-optimizeprice • Implies average duration of price is 1 (1 ) periods • Discrete time version of Calvo (1983) 3
  • Chris Edmond Virgiliu Midrigan
    implicationsofmicro-levelmarkupheterogeneitycanbesummarizedbya fewkeystatistics Onesuchresultisthattheaggregatemarkup,the “wedge” in aggregate employment and





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