Australian economists held their 34th Annual Conference of Economists at the University of Melbourne earlier this week. Aussie John Quiggin caught up with fellow econobloggers Stephen Kirchner and Andrew Leigh, "and lots of old friends and sparring partners". First, the econobloggers contributions:
* John gave a keynote address (written with Simon Grant) on Learning and Discovery (PDF), "an attempt to unravel the knotty problem of unknown unknowns".
* Stephen delivered a paper on Japanese Monetary Policy under Quantitative Easing: Neo-Wicksellian versus Monetarist Interpretations (PDF), which argued that "central bank policies are unlikely to be credible in the absence of a compelling account of the underlying monetary policy transmission mechanism at the zero bound".
* Andrew gave a paper (written with Justin Wolfers) on Competing Approaches to Forecasting Elections: Economic Models, Opinion Polling and Prediction Markets (PDF), which found that during the last Australian election betting markets wre much better at predicting the outcome than opinion polls.
The keynote speeches included: