Macro Group

The Macro group is a research unit of EROC-EERC. The objective of the Macro group is to coordinate, to promote and to disseminate research of EERC-EROC members in the areas of macroeconomics and transition.

The following projects have been carried out jointly with EERC MA students:

• Dmytro Boyarchuk, Lilia Maliar and Serguei Maliar (2003), "The Consumption and Welfare Implications of Wage Arrears in Transition Economies", Journal of Comparative Economics, 33(3), pp. 540-567, (and IVIE WP #AD2003-15).
• Dmytro Kylymnyuk, Lilia Maliar and Serguei Maliar (2004), "Rich, Poor and Growth-Miracle Nations: Multiple Equilibria Revisited", IVIE WP #AD2004-39.
• Kateryna Garmel, Lilia Maliar and Serguei Maliar (2005), "The EU Eastern Enlargement and FDI: the Implications from a Neoclassical Growth Model", IVIE WP #AD2005-29.

Currently, the following projects are undertaken in cooperation with EERC-EROC members:

• A Model of Unbalanced Sectorial Growth with Application to Transition Economies.
• Downward Nominal Wage Rigidity: The Implications from a New-Keynesian Model.
• Income and Wealth Inequality Indices in a Heterogeneous-Agent Economy: Theory and Empirics.
• Sovereign Risk, Expropriation and Optimal Policy Choice.
• Shadow Sector and Economic Growth.
• A Non-Parametric Simulation Method for Solving Non-Linear Stochastic Growth Models.

The group is led by Lilia Maliar (University of Alicante) and Serguei Maliar (University of Alicante) and has two research assistants, Alexander Romanov (EERC 2005) and Alena Piskurouskaya (EERC class of 2006).