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Dr James Lennox of Landcare Research will present on his development of a global multiregional dynamic general equilibrium model to the CGE group in Wellington, 26 April. James’s model is to be used within a framework for the integrated assessment of global climate change and policies. An abstract for the presentation will available closer to the date.

Contact Anita King if you wish to become part of the Computable General Equilibrium (CGE) special interest group.

Dr Frédéric Boissay of the European Central Bank will discuss the implications of financial integration and global imbalances in terms of output, welfare, wealth distribution, and policy interventions at the University of Auckland this afternoon. His modeling points to, on the one hand, financial integration permits a more efficient allocation of savings worldwide in normal times. On the other hand, however, it also implies a current account deficit for the developed country. The current account deficit makes financial crises more likely when it exceeds the liquidity absorption capacity of the developed country.

See Calendar of Events for other economic presentations in NZ.