Profiles

Graeme Wells

UTAS Home Assoc Prof Graeme Wells
Graeme Wells

Graeme Wells

University Associate

Off-Campus

Achievements

Graeme Wells teaches and publishes in a variety of areas in macroeconomics and economic policy. He has also held teaching and research positions at ANU and universities in Wellington, Oslo, Santa Barbara and Guelph. In addition to his academic work, Dr Wells has been a consultant to a variety of policy-making agencies such as the Reserve Bank of New Zealand, The New Zealand Treasury, The Australian Treasury and EPAC. For a number of years was Co Editor of the journal 'Agenda', which provides a forum for debate on current policy issues in Australia and New Zealand.

Teaching Responsibilities

  • Money and Banking
  • Macroeconomic Theory
  • Applied Econometrics

Publications

  • Growth and the Current Account in a Small Open Economy Graeme Wells and M. Benge 2002 * Journal of Economic Education 33 (2) (Spring) 152-165
  • The Macroeconomy (Chapter 11) Graeme Wells 2003 * The Cambridge Handbook of Social Sciences in Australia Cambridge University Press 1-17
  • The Macroeconomy (Chapter 11) Graeme Wells 2003 * The Cambridge Handbook of Social Sciences in Australia Cambridge University Press 186-202
  • Australia's Federal Experience: Lessons from Europe (Chapter 7) Graeme Wells and Jeff Petchey 2004 * Fiscal Federalism and European Economic Integration Routledge 137-154
  • Modelling Aggregate Demand for Labour - A Critique of Lewis and MacDonald Graeme Wells and Steve Dowrick 2004 * Economic Record 80(251) December 436-440
  • Australia's Federal Experience: Lessons from Europe (Chapter 7) Graeme Wells and Jeff Petchey 2004 * Fiscal Federalism and European Economic Integratin Routledge 1-18
  • Modelling Aggregate Demand for Labour - A Critique of Lewis and MacDonald Graeme Wells and S Dowrick 2004 * Economic Record 80 (251) December 436-440
  • Prices and Values Graeme Wells 2007 * Australian Journal of Adult Learning 47(1) May 64-77
  • Teaching Aggregate Demand and Supply Models Graeme Wells 2009 * Journal of Economic Education in press
  • The Term Spread and GDP growth in Australia Graeme Wells and Jacob Poke 2009 * Economic Record in press

View more on AssocProf Graeme Wells in WARP

Fields of Research

  • Macroeconomics (incl. Monetary and Fiscal Theory) (140212)
  • Macroeconomic Theory (140102)
  • Econometrics (140399)
  • History of Economic Thought (140101)
  • Financial Institutions (incl. Banking) (150203)
  • Financial Econometrics (150202)
  • Mathematical Economics (140103)
  • Public Economics- Publically Provided Goods (140214)
  • Cognitive Science (170299)
  • Public Economics- Taxation and Revenue (140215)
  • Labour Economics (140211)
  • Palaeontology (incl. Palynology) (040308)
  • Economic Development and Growth (140202)
  • Economics of Education (140204)
  • Economic Theory (140199)
  • Financial Economics (140207)
  • Cross-Sectional Analysis (140301)

Research Objectives

  • Macroeconomics (910199)
  • Monetary Policy (910108)
  • Economic Framework (919999)
  • Fiscal Policy (910105)
  • Recreation (950103)
  • Economic Growth (910103)
  • Social Impacts of Climate Change and Variability (960311)
  • Balance of Payments (910101)
  • Microeconomics (910299)
  • Finance Services (900101)
  • Preference, Behaviour and Welfare (910209)
  • Investment Services (excl. Superannuation) (900102)

Publications

Total publications

26

Highlighted publications

(5 outputs)
YearTypeCitationAltmetrics
2004Chapter in BookPetchey J, Wells GM, 'Australia's federal experience', Fiscal Federalism and European Economic Integration, Routledge, Mark Baimbridge and Philip Whyman (ed), London, pp. 137-154. ISBN 0-415-24766-7 (2004) [Research Book Chapter]

[eCite] [Details]

2002Journal ArticleBenge M, Wells GM, 'Growth and the Current Account in a Small Open Economy', The Journal of Economic Education, 33, (2) pp. 152-165 . ISSN 0022-0485 (2002) [Refereed Article]

DOI: 10.1080/00220480209596464 [eCite] [Details]

Citations: Scopus - 3Web of Science - 3

Tweet

1994Journal ArticleWells P, Wells GM, Cali J, Chivas A, 'Response of deep-sea benthic foraminifera to Late Quaternary climate changes, southeast Indian Ocean, offshore Western Australia', Marine Micropalenontology, 23, (3) pp. 185-229. ISSN 0377-8398 (1994) [Refereed Article]

DOI: 10.1016/0377-8398(94)90013-2 [eCite] [Details]

Citations: Scopus - 40Web of Science - 37

Tweet

1986Journal ArticleEvans L, Wells GM, 'Confidence Regions for Multipliers in Linear Dynamic Models', Econometrica, 54, (3) pp. 699-706. ISSN 0012-9682 (1986) [Refereed Article]

DOI: 10.2307/1911316 [eCite] [Details]

Citations: Web of Science - 2

Tweet

1983Journal ArticleEvans L, Wells GM, 'Pierce and Haugh on Characterizations of Causality A Re-examination', Journal of Econometrics, 23, (3) pp. 331-335. ISSN 0304-4076 (1983) [Refereed Article]

DOI: 10.1016/0304-4076(83)90061-1 [eCite] [Details]

Citations: Scopus - 3Web of Science - 3

Tweet

Journal Article

(11 outputs)
YearCitationAltmetrics
2015Dungey M, Doko Tchatoka FD, Wells GM, Yanotti MB, 'Mortgage Choice Determinants: The Role of Risk and Bank Regulation', Economic Record, 91, (295) pp. 417-437. ISSN 0013-0249 (2015) [Refereed Article]

DOI: 10.1111/1475-4932.12205 [eCite] [Details]

Co-authors: Dungey M; Yanotti MB

Tweet

2011Wells GM, 'Quiet Alf', Agenda: A Journal of Policy Analysis and Reform, 18, (1) pp. 101-106. ISSN 1322-1833 (2011) [Letter or Note in Journal]

[eCite] [Details]

2011Dungey M, Wells G, Thompson S, 'First Home Buyers' Support Schemes in Australia', Australian Economic Review, 44, (4) pp. 468-79. ISSN 0004-9018 (2011) [Refereed Article]

DOI: 10.1111/j.1467-8462.2011.00654.x [eCite] [Details]

Citations: Scopus - 5Web of Science - 3

Co-authors: Dungey M; Thompson S

Tweet

2010Wells GM, 'Teaching Aggregate Demand and Supply Models', The Journal of Economic Education, 41, (1) pp. 31-40. ISSN 0022-0485 (2010) [Refereed Article]

DOI: 10.1080/00220480903382313 [eCite] [Details]

Tweet

2009Poke J, Wells GM, 'The term spread and GDP growth in Australia', Economic Record, 85, (269) pp. 121-131. ISSN 0013-0249 (2009) [Refereed Article]

DOI: 10.1111/j.1475-4932.2009.00546.x [eCite] [Details]

Citations: Scopus - 4Web of Science - 3

Tweet

2007Wells GM, 'Prices and values: a perspective on adult and community education', Australian Journal of Adult Learning, 47, (1) pp. 64-77. ISSN 1443-1394 (2007) [Refereed Article]

[eCite] [Details]

2004Wells GM, Dowrick S, 'Modelling Aggregate Demand for Labour - A Critique of Lewis and MacDonald', Economic Record, 80, (251) pp. 436-440. ISSN 1475-4932 (2004) [Refereed Article]

DOI: 10.1111/j.1475-4932.2004.00200.x [eCite] [Details]

Citations: Scopus - 6Web of Science - 7

Tweet

2002Benge M, Wells GM, 'Growth and the Current Account in a Small Open Economy', The Journal of Economic Education, 33, (2) pp. 152-165 . ISSN 0022-0485 (2002) [Refereed Article]

DOI: 10.1080/00220480209596464 [eCite] [Details]

Citations: Scopus - 3Web of Science - 3

Tweet

1994Wells P, Wells GM, Cali J, Chivas A, 'Response of deep-sea benthic foraminifera to Late Quaternary climate changes, southeast Indian Ocean, offshore Western Australia', Marine Micropalenontology, 23, (3) pp. 185-229. ISSN 0377-8398 (1994) [Refereed Article]

DOI: 10.1016/0377-8398(94)90013-2 [eCite] [Details]

Citations: Scopus - 40Web of Science - 37

Tweet

1986Evans L, Wells GM, 'Confidence Regions for Multipliers in Linear Dynamic Models', Econometrica, 54, (3) pp. 699-706. ISSN 0012-9682 (1986) [Refereed Article]

DOI: 10.2307/1911316 [eCite] [Details]

Citations: Web of Science - 2

Tweet

1983Evans L, Wells GM, 'Pierce and Haugh on Characterizations of Causality A Re-examination', Journal of Econometrics, 23, (3) pp. 331-335. ISSN 0304-4076 (1983) [Refereed Article]

DOI: 10.1016/0304-4076(83)90061-1 [eCite] [Details]

Citations: Scopus - 3Web of Science - 3

Tweet

Chapter in Book

(3 outputs)
YearCitationAltmetrics
2011Wells G, 'The Pulp Mill: an Economic Assessment', Pulp Friction in Tasmania: A review of the environmental assessment of Gunns' proposed pulp mill, Pencil Pine Press, F Gale (ed), Launceston, pp. 224-246. ISBN 9780646545783 (2011) [Other Book Chapter]

[eCite] [Details]

2004Petchey J, Wells GM, 'Australia's federal experience', Fiscal Federalism and European Economic Integration, Routledge, Mark Baimbridge and Philip Whyman (ed), London, pp. 137-154. ISBN 0-415-24766-7 (2004) [Research Book Chapter]

[eCite] [Details]

2003Wells GM, 'The Macroeconomy', The Cambridge Handbook of Social Sciences in Australia, Cambridge University Press, Ian McAllister, Steve Dowrick & Riaz Hassan (ed), Cambridge, United Kingdom, pp. 186-202. ISBN 0521822165 (2003) [Research Book Chapter]

[eCite] [Details]

Review

(7 outputs)
YearCitationAltmetrics
2010Wells GM, 'The Causes, Costs and Compensations of Inflation', The Economic Record, 86, (275) pp. 637-638. (2010) [Review Single Work]

[eCite] [Details]

2007Wells GM, 'Guttman, S. 'The Rise and fall of Monetary targeting in Australia', Australian Scholarly Publishing, 2005', Agenda, 13, (September) pp. 265-268. (2007) [Review Single Work]

[eCite] [Details]

2005Wells GM, 'The Coming Generational Storm', The Economic Record, 81, (252) pp. 96-98. (2005) [Review Single Work]

[eCite] [Details]

2003Wells GM, 'Chiarella, C and P. Flaschel, 'The Dynamics of Keynesian Monetary Growth', Cambridge University Press, 2000', Macroeconomic Dynamics, 7, (3) pp. 473-475. (2003) [Review Single Work]

[eCite] [Details]

2002Wells GM, 'R. Leeson (ed), A.W.H. Phillips: 'Collected Works in Contemporary Perspective', Cambridge University Press, 2000', Journal of Economic Literature, XL, (June) pp. 524-525. (2002) [Review Single Work]

[eCite] [Details]

2001Wells GM, 'J.B. Taylor and M. Woodford (eds), 'Handbook of Macroeconomics Vols. 1-3', North-Holland, 1999,', The Economic Record, 77, (September) pp. 305-308. (2001) [Review Single Work]

[eCite] [Details]

2001Wells GM, 'D. Gruen and S. Shrestha (ed), 'The Australian Economy in the 1990s', Reserve Bank of Australia, 2000', Agenda, 7, (June) pp. 180-183. (2001) [Review Single Work]

[eCite] [Details]

Conference Publication

(5 outputs)
YearCitationAltmetrics
2008Brown AL, Wells GM, 'Substitution between Public and Private Consumption in Australian States', Proceedings Australasian Meeting of the Econometric Society, 9-11 July, Wellington, New Zealand, pp. 1-18. (2008) [Non Refereed Conference Paper]

[eCite] [Details]

Co-authors: Brown AL

2008Yan YH, Wells GM, 'Modelling asset market dynamics under a fixed exchange rate and an application to the Chinese economy', Conference Proceedings of the Australian Conference of Economists, 30 September - 4 October 2008, Gold Coast, Queensland, pp. Session 32, Paper 1 (1-30). ISBN 978-0-9591806-4-0 (2008) [Refereed Conference Paper]

[eCite] [Details]

Co-authors: Yan YH

2007Poke J, Wells GM, 'The Term Spread and GDP Growth in Australia', Monetary Policy in Open Economies, 16-18 December, Sydney, pp. Session 7, Paper 1. (2007) [Refereed Conference Paper]

[eCite] [Details]

2006Wells GM, Stengos T, 'Estimates of Technology and Convergence: Simulation Results', Proceedings of the Australian Conference of Economists, 2006, 25-27 September 2006, Perth Western Australia, pp. Session 37, Paper 3 (1-12). ISBN 1 74067 501 0 (2006) [Refereed Conference Paper]

[eCite] [Details]

2002Petchey J, Wells GM, 'Australia's Federal Experience: Lessons for Europe', Australian Conference of Economists, September, Perth Western Australia (2002) [Non Refereed Conference Paper]

[eCite] [Details]

Grants & Funding

Funding Summary

Number of grants

2

Total funding

$140,586

Projects

Household Mortgage Choice: Theoretical and Empirical Evidence (2012 - 2014)$130,000
Description
Buying a house is often the largest financial decision a household makes, and usually involves choosing a mortgage product from many alternatives. The determinants of this choice are not well understood but, as seen in the global financial crisis, inefficiencies in mortgage markets can have significant long term effects. Even in normal times, mortgage choices have important implications through their effect on the transmission of monetary policy and financial outcomes for households. A stochastic simulation framework characterising household choices will be developed and used as the basis for empirical hypotheses. These market efficiency hypotheses will be tested on a unique Australian database on over 2 million mortgage applications.
Funding
Australian Research Council ($130,000)
Scheme
Grant-Discovery Projects
Administered By
University of Tasmania
Research Team
Dungey MH; Wells GM
Period
2012 - 2014
Grant Reference
DP120100842
Mortgage Choice by Australian Households: A Study in Financial-Market Decision-Making (2010)$10,586
Funding
University of Tasmania ($10,586)
Scheme
Grant-Institutional Research Scheme
Administered By
University of Tasmania
Research Team
Wells GM; Blacklow P
Year
2010

Research Supervision

Completed

3

Completed

DegreeTitleCompleted
PhDIdiosyncratic Risk Assessment in the Mortgage Market
Candidate: Maria Belen Yanotti
2015
MastersAn Economic Evaluation of Management Strategies for the Tasmanian Rock Lobster Fishery
Candidate: Caleb Gardner
2012
PhDAnalysis of Chinese Financial Markets
Candidate: Yong Hong Yan
2008