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Professor Jakob B. Madsen
Organisation: Department of Economics
Title: Professor
Qualifications: MEc University of Aarhus , Denmark , PhD (ANU)


Jakob’s research interests are in macroeconomics, economic growth, stock and house valuation, macrofinance, the equity premium puzzle, the Great Depression, history of economic growth, and applied econometrics. Jakob is a frequent commentator in newspapers, radio and television. Jakob has held positions at University of Copenhagen, University of Southampton, Brunel University, University of Western Australia, and Flinders University. He has published his research in numerous journals including Journal of Economic Growth, Review of Economics and Statistics, The Economic Journal, Journal of International Economics, Oxford Economic Papers, Economic Letters, Journal of International Money and Finance, Journal of Economic History, Explorations in Economic History, Economica, and Southern Economic Journal.

 
Office:

Caulfield Campus,
Room H4.35, Building H
Monash University Vic 3145

Clayton Campus
Room E872, Building 11
Monash University Vic 3800
Telephone:

Caulfield: +61 3 9903 2134
Clayton: +61 3 9902 0179
Fax:

Caulfield: +61 3 9903 1128
Clayton: +61 3 9905 5476
E-mail:

Jakob.Madsen@Buseco.Monash.edu.au
Teaching Commitments:

ECC6660 - Research topics in advanced macroeconomics
ECX5420 - Applied macroeconomics

 

Research Interests:


Macroeconomics, economic growth, stock and house valuation, macrofinance, the equity premium puzzle, the Great Depression, history of economic growth, behavioural finance, and applied econometrics.

 
Selected Publications:

Madsen, J., The Prebisch-Singer Hypothesis: Four Centuries of Evidence, Review of Economics and Statistics (forthcoming, with D I Harvey, N M Kellard, and Mark E Wohar).

Madsen, J., The Indian Growth Miracle and Endogenous Growth, Journal of Development Economics (forthcoming, with J Ang and S Saxena)

Madsen, J., Taxes and the Fundamental Value of Houses, Regional Science and Urban Economics, 2009, 39, 365-376.

Madsen, J., Productivity and Equity Market Fundamentals: 80 Years of Evidence for 11 OECD Countries, Journal of International Money and Finance, 2008, 27, 1261-1283 (with P Davis).

Madsen, J., Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence, Scandinavian Journal of Economics, 2008, 110, 145-167.

Madsen, J., Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data, Journal of Economic Growth, 2008, 13, 1-26 (lead article).

Madsen, J.,Innovations and Manufacturing Export Performance in the OECD Countries, Oxford Economic Papers, 2008, 60, 143-167.

Madsen, J., Technology Spillover through Trade and TFP Convergence: 135 Years of Evidence for the OECD Countries, Journal of International Economics, 2007, 72, 464-480.

Madsen, J., Are there Diminishing Returns to R&D? Economic Letters, 2007, 95, 161-166 (lead article).

Madsen, J., Equity Prices, Productivity Growth and the New Economy, Economic Journal, 2006, 116, 791-811 (with P Davis).

 Madsen, J., (with D Greasley),  Investment and Uncertainty: Precipitating the Great Depression in the USA, Economica, 2006, 73, 393-412.

Madsen, J., The Fisher Hypothesis and the Interaction between Share Returns, Inflation and Supply Shocks, Journal of International Money and Finance, 24, 2005, 103-120.

 
Home Page: http://www-personal.buseco.monash.edu.au/~jmadsen/