Interesting Postdoc Opportunity

[michael <michael@xxxxxxxxxxxxxxxxx>]

Bill Mitchell thought that some of you might be interested in this
notice.

The Centre of Full Employment and Equity (CofFEE), an official research
centre at the University of Newcastle (Australia) has an opportunity for
a
Post Doc Fellow to come and work here for 3 years to work on the
construction of our macroeconometric model.

The fellowships are available on a competitive basis and are project
based
(within the overall University). CofFEE is offering (subject
to competitive outcomes) a project in the scheme under the heading
"A macroeconometric input-output model of the Australian economy with
multi-country linkages"

An advertisement went into the national daily newspaper The Australian
on
Wednesday, July 23 and refers interested parties to the following link
for
details of application:

http://www.newcastle.edu.au/research/fellowships/

The specific CofFEE project that we are interested in getting some good
applicants for is at

http://www.newcastle.edu.au/research/fellowships/programs/14economy.html

It is also described below under sign-off.

It is an excellent opportunity for a post doctoral person to come and
live
in Australia for 3 years and work in a very vibrant post keynesian
research
centre. Our home page is http://e1.newcastle.edu.au/coffee

Contact me if you are interested and we can work out an application
strategy!!!!

best wishes
bill


PROJECT DESCRIPTION:

A macroeconometric input-output model of the Australian economy with
multi-country linkages
(Area ­ Quantitative Modelling)
Prior to Submitting an Expression of Interest form it is recommended
that
you discuss your interest with the contact person below.

Contact:
Professor William Mitchell
ecwfm@xxxxxxxxxxxxxxxxxxxxxxx
+61 (2) 49215027

The Centre of Full Employment and Equity (CofFEE) is an official
research
centre at the University. CofFEE comprises an active research group with

broad interests including macroeconomics, labour, regional, financial
and
social economics and system dynamics. The group is also technically
oriented with a strong interest in time series econometric modelling.
CofFEE seeks a post doctoral fellow who has particular interests in
macroeconomics and econometric modelling to augment our modelling team.
In
addition, the position will provide ample scope for complementary
individual research projects.ÊÊ

We are currently developing a medium-size macroeconometric model (MEM)
of
the Australian economy called CofFEE-1, which will be used for
theoretical
development in macroeconomics, policy analysis, forecasting and
simulation.
It is expected to complete the first stage of the modelling over
2003-05.

CofFEE-1 will be based on consistent stock-flow balance sheet relations
and
the basic structural model will reflect a Post Keynesian demand system.
An
innovative approach to the labour market and financial sector will also
be
developed. The emphasis on the construction phase will be on rigorous
testing of competing economic theory.

The model construction phase will employ the Fair-Taylor approach (as
used
in the U.S. Federal Reserve Board model) but will also provide scope for

experimentation with modern dynamic time series methods. These
techniques
include general-to-specific error correction modelling and Structural
Vector Autoregressive modelling. In part, the project will permit the
exploration of model building and estimation approaches which will aim
to
resolve outstanding issues in the discipline.

The research plan is to integrate CofFEE-1 into the multi-country (MC)
model of Ray Fair at Yale University. The suite of models will be
completed
by the development of an interregional multi-industry input-output mode
comprising the mainland Australian States and Territories.

The integration of the IO model into CofFEE-1-MC will create a unique
structure capable of tracing international and national shocks
throughout
the whole economic system.

CofFEE-1 will be an open source model which will be made available to
the
broader research community via a WWW interface.

--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901