Lunch Seminar: Gabriella Santangelo - Gabriella Santangelo

July 18, 2017
1:00 pmto2:00 pm

Moving out of Agriculture: Human Capital, Mobility Frictions, and Labor Allocation by Cohort” (with Tommaso Porzio )

Lunch Seminar: Claudio Michelacci - EIEF

July 12, 2017
1:00 pmto2:00 pm


Lunch Seminar: Loriana Pelizzon - Università Ca’ Foscari Venezia

July 4, 2017
4:00 pmto5:00 pm

Central Bank–Driven Mispricing (with Marti G. Subrahmanyam, Davide Tomio and Jun Uno)

We use millisecond-stamped data from the Mercato dei Titoli di Stato (MTS) cash Treasury bond and the Eurex Treasury bond futures markets to show that bond purchases, undertaken under the Public Sector Purchase Program by the European Central Bank (ECB), decoupled the close link between the cash bond and futures markets, thus driving a wedge between their prices. This result is robust even after controlling for market liquidity in both the markets and overall funding liquidity. In fact, although the ECB intervened only in the cash bond market, the futures market was also affected, as the central bank’s intervention depleted market liquidity in both markets and, thus, increasing liquidity commonality. However, the impact of this dislocation on the volume of trade is ambiguous. There is a slight reduction in the volume of trade in the cash bond market, as represented by the MTS, accompanied by a large and significant increase in the volume of trade in the corresponding futures market.

Lunch Seminar: Fabiano Schivardi (LUISS & EIEF)

July 14, 2017
1:00 pmto1:04 pm

Are They All Like Bill, Mark and Steve? The Education Premium of Entrepreneurs
(with Claudio Michelacci)

Lunch Seminar: Pietro Veronesi - Columbia Business School

July 6, 2017
1:00 pmto2:00 pm

Political Cycles and Stock Returns

Lunch Seminar: Stefano Gagliarducci - Università degli Studi di Roma “Tor Vergata”, EIEF

July 11, 2017
1:00 pmto2:00 pm

Climate Change Policies and Electoral Accountability with M. Daniele Paserman, Eleonora Patacchini

This paper attempts to understand how elected politicians and voters respond to new information on the threats of climate change. In particular, we study how members of the U.S. House of Representatives change their support for bills aimed at contrasting climate change in the aftermath of a hurricane. Exploiting the quasi-random trajectory of hurricanes within states for identification, we document that Congress members from districts hit by a hurricane are substantially more likely to support green bills in the year after the disaster.

Lunch Seminar: Andrés Liberman - NYU Stern School of Business

July 13, 2017
1:00 pmto2:00 pm

Equilibrium Effects of Asymmetric Information: Evidence from a Natural Experiment in Consumer Credit (with Christopher Neilson, Luis Opazo and Seth Zimmerman)

Lunch Seminar: Andrés Liberman - NYU Stern School of Business

July 5, 2017
1:00 pmto2:00 pm

Debt and Human Capital: Evidence from Student Loans

Lunch Seminar: Enrico Spolaore - Tufts University

July 3, 2017
1:00 pmto2:00 pm

Fertility and Modernity