Seminars 2011

Conference on “Il Risparmio degli Italiani: Sviluppo Economico e Tutela del Risparmiatore”

January 20, 2011
from 3:00 pm to 6:30 pm

For further details please see Workshops & Conferences.

Konrad Raff - Toulouse School of Economics (Job Market Seminar)

January 31, 2011
from 5:00 pm to 6:30 pm

Information Externalities in Corporate Governance

Angie Andrikogiannopoulou - Princeton University (Job Market Seminar)

February 1, 2011
from 5:00 pm to 6:30 pm

Estimating Risk Preferences from a Large Panel of Real-World Betting Choices

Raicho Bojilov - Columbia University (Job Market Seminar)

February 2, 2011
from 5:00 pm to 6:30 pm

Estimating the Effects of Incentives When Workers Learn about Their Ability

Sergei Kovbasyuk - Toulouse School of Economics (Job Market Seminar)

February 3, 2011
from 5:00 pm to 6:30 pm

Optimal Certification Design

Yu Zheng - Washington University in St. Louis (Job Market Seminar)

February 8, 2011
from 5:00 pm to 6:30 pm

Information Production in the Process of Securitization

Cihan Bige Kahraman - Yale University (Job Market Seminar)

February 9, 2011
from 5:00 pm to 6:30 pm

Do Mutual Fund Brokers Exploit Investors Through Their Fee Schedules?

Andreas Fuster - Harvard University (Job Market Seminar)

February 14, 2011
from 5:00 pm to 6:30 pm

Expectations as Endowments: Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments

Yian Liu - University of Chicago (Job Market Seminar)

February 15, 2011
from 5:00 pm to 6:30 pm

International Liquidity Sharing: Evidence from Financial Crises

Nina Boyarchenko - University of Chicago (Job Market Seminar)

February 17, 2011
from 5:00 pm to 6:30 pm

Ambiguity Shifts and the 2007-2008 Financial Crisis

Benjamin Golez - Universitat Pompeu Fabra (Job Market Seminar)

February 18, 2011
from 5:00 pm to 6:30 pm

Expected Returns and Dividend Growth Rates Implied in Derivative Markets

Ezra Oberfield - Federal Reserve Bank of Chicago

February 28, 2011
from 5:30 pm to 7:00 pm

Business Networks, Production Chains, and Productivity

Andrea Attar - University of Rome “Tor Vergata” & Toulouse School of Economics

March 7, 2011
from 5:30 pm to 7:00 pm

Non-Exclusive Competition in the Market for Lemons

LABOUR Lectures: Joseph Altonji (Yale University)

March 8, 2011
from 4:00 pm to 6:00 pm

Selection on Observables and Bias from Unobservables: With Applications to the School Choice Literature

LABOUR Lectures: Joseph Altonji (Yale University)

March 9, 2011
from 4:00 pm to 6:00 pm

Selection on Observables and Bias from Unobservables: With Applications to the School Choice Literature

Joseph Altonji - Yale University

March 10, 2011
from 6:00 pm to 7:30 pm

Identifying Sibling Influence on Teenage Substance Use

LABOUR Lectures: Joseph Altonji (Yale University)

March 11, 2011
from 3:00 pm to 5:00 pm

Selection on Observables and Bias from Unobservables: With Applications to the School Choice Literature

Drew Fudenberg - Harvard University

March 14, 2011
from 5:30 pm to 7:00 pm

The Folk Theorem for Irreducible Stochastic Games with Imperfect Public Monitoring

Robert Shimer - University of Chicago

March 21, 2011
from 5:30 pm to 7:00 pm

Wage and Price Rigidities

Giulio Bottazzi - Scuola Superiore Sant’Anna

March 24, 2011
from 6:00 pm to 7:30 pm

Financial Constraints and Firm Dynamics

Lunch Seminar: Joshua D. Angrist - MIT

March 25, 2011
from 1:00 pm to 2:00 pm

ExtrapoLATE-ing: External Validity and Overidentification in the LATE Framework

Stefano Giglio - Harvard University

March 25, 2011
from 5:30 pm to 7:00 pm

Credit Default Swap Spreads and Systemic Financial Risk

Fernando Broner - CREI and Universitat Pompeu Fabra

March 28, 2011
from 5:30 pm to 7:00 pm

Rethinking the Effects of Financial Liberalization

Lunch Seminar: Uri Gneezy - UC San Diego

March 30, 2011
from 1:00 pm to 2:00 pm

Behavioral Pricing

Abstract:

A field experiment (N = 113,047 participants) manipulated two factors in the sale of souvenir photos. First, some customers saw a traditional fixed price, whereas others could pay what they wanted (including $0). Second, approximately half of the customers saw a variation in which half of the revenue went to charity. At a standard fixed price, the charitable component only slightly increased demand, as similar studies have also found. However, when participants could pay what they wanted, the same charitable component created a treatment that was substantially more profitable. Switching from corporate social responsibility to what we term shared social responsibility works in part because customized contributions allow customers to directly express social welfare concerns through the purchasing of material goods.

Lance Lochner - University of Western Ontario

March 31, 2011
from 6:00 pm to 7:30 pm

Post-Secondary Attendance by Parental Income in the U.S. and Canada: What Role for Financial Aid Policy?

Martin Ellison - University of Oxford

April 4, 2011
from 5:30 pm to 7:00 pm

Time’s Arrow in Macroeconomic Models

Abstract:

We show that U.S. inflation depends more on the future than on the past in a range of estimated macroeconomic models. This non-causality result is problematic for macroeconomists trained in causal models, since they assume by definition that inflation only depends on current shocks and past information. Even models with rational forward-looking agents are causal as expectations are themselves only a function of the past. Our finding that U.S. inflation data prefers time to run backwards suggests that the models we estimate are misspecified. The focus of this paper is the econometrician’s information set. We show that inflation depends more on the future than the past if the information set of the econometrician does not span that of firms in the economy. To combat this missing variable problem we expand the information set of the econometrician to include measures of the output gap, interest rates, and factors identified as principal components of a large dataset of economic indicators. The resulting Phillips curve and factor-augmented vector autoregression models still show strong dependency of U.S. inflation on the future. We therefore conclude that non-causal inflation is pervasive and firms know a lot more about the future than we typically assume.

Jeroen Rombouts - HEC Montréal

April 7, 2011
from 6:00 pm to 7:30 pm

A Comparison of Forecasting Procedures for Macroeconomic Series: The Contribution of Structural Break Models

Special Lecture: Michael Lechner - University of St. Gallen

April 8, 2011
from 10:00 am to 1:00 pm

Matching Estimation

Lunch Seminar: Giovanni Ponti - University of Ferrara

April 11, 2011
from 1:00 pm to 2:00 pm

Risk vs. Social Preferences

Jan Eeckhout - Universitat Pompeu Fabra

April 11, 2011
from 5:30 pm to 7:00 pm

Spatial Sorting

Special Lecture: Michael Lechner - University of St. Gallen

April 12, 2011
from 3:00 pm to 5:00 pm

Evaluation of Active Labour Market Policy

Special Lecture: Michael Lechner - University of St. Gallen

April 14, 2011
from 4:00 pm to 6:00 pm

Labour Market Effects of Individual Sports Participation

Andrew Harvey - University of Cambridge

April 14, 2011
from 6:00 pm to 7:30 pm

Exponential Conditional Volatility Models

Luigi Pascali - Universitat Pompeu Fabra

April 18, 2011
from 5:30 pm to 7:00 pm

Banks and Development: Jewish Communities in the Italian Renaissance and Current Economic Performance

Taryn L. Dinkelman - Princeton University

April 21, 2011
from 6:00 pm to 7:30 pm

Investing in Schooling in Chile: The Role of Information about Financial Aid for Higher Education

Peter Kuhn - University of California, Santa Barbara

April 28, 2011
from 6:00 pm to 7:30 pm

Gender Discrimination in Job Ads: Theory and Evidence

Lunch Seminar: Frederic Mishkin - Columbia University

May 2, 2011
from 1:00 pm to 2:00 pm

Over The Cliff: From the Subprime to the Global Financial Crisis

Piero Gottardi - European University Institute

May 2, 2011
from 5:30 pm to 7:00 pm

Bankruptcy: Is It Enough to Forgive or Must We Also Forget?

Eleonora Patacchini - University of Rome “La Sapienza” & EIEF

May 5, 2011
from 6:00 pm to 7:30 pm

Dynamic Aspects of Teenage Friendships and Educational Attainment

Lunch Seminar: Valentino Dardanoni - UNIPA

May 9, 2011
from 1:00 pm to 2:00 pm

Selection Effects in Insurance Markets with Unobservable Types

ABSTRACT:

A number of empirical studies of insurance markets have found nega- tive risk-coverage correlation, and named this phenomenon advantageous selection. An explanation of this puzzle is the existence of multiple sources of private infor- mation. Understanding the structure of private information is key for assessing the operating of insurance markets. In this paper we analyze selection effects by modeling a finite number of heterogeneous types, and using recent advances in finite mixture modeling, we discuss how risk and coverage probabilities can be identified and estimated for the unobserved types. These estimates can be used to test for selection effects, to give an approximate measure of the relative welfare loss from private information, and for policy analysis. To show the applicability of our approach, we look at the US long-term care and Medigap insurance markets. In both markets we find that there is significant evidence of residual heterogeneity, that the standard Rothschild-Stiglitz adverse selection model is not supported by the data, and private information causes significant inefficiency, especially in the heavily regulated Medigap market.

Isabel Correia - Central Bank of Portugal

May 9, 2011
from 5:30 pm to 7:00 pm

Unconventional Fiscal Policy at the Zero Bound

Rosa Matzkin - UCLA

May 12, 2011
from 6:00 pm to 7:30 pm

Estimation of Nonparametric Models with Simultaneity

Lunch Seminar: Lorenzo Forni - International Monetary Fund

May 13, 2011
from 1:00 pm to 2:00 pm

Fiscal Policy Challenges and Sovereign Default in Advanced Economies

Christian Hellwig - Toulouse School of Economics

May 16, 2011
from 5:30 pm to 7:00 pm

Optimal Regulation in the Presence of Reputation Concerns

Lunch Seminar: Fabiano Schivardi (University of Cagliari & EIEF) & Andrea Pozzi (EIEF)

May 19, 2011
from 1:00 pm to 2:00 pm

Demand and Supply Effects in the Determination of Firm Performance

Ariel Pakes - Harvard University

May 19, 2011
from 6:00 pm to 7:30 pm

Dynamic Games with Asymmetric Information: A Framework for Empirical Work

Lunch Seminar: Assaf Razin - Cornell University

May 23, 2011
from 1:00 pm to 2:00 pm

Migration and the Welfare State: A Dynamic Political-Economy Theory

Pierpaolo Benigno - LUISS & EIEF

May 23, 2011
from 5:30 pm to 7:00 pm

Unemployment and Productivity in the Long Run: the Role of Macroeconomic Volatility

Special Lecture: Rajnish Mehra - Arizona State University

May 25, 2011
from 2:00 pm to 5:00 pm

The Equity Premium: Why Is It a Puzzle

Valerie Ramey - University of California, San Diego

May 26, 2011
from 6:00 pm to 7:30 pm

The Cyclical Behavior of the Price-Cost Markup

Lunch Seminar: Elena Carletti - EUI

May 30, 2011
from 1:00 pm to 2:00 pm

Credit Market Competition and Interbank Liquidity (joint with Agnese Leonello)

Abstract

We develop a model in which credit market competition affects banks’ liquidity holdings and thus financial stability. Banks can trade loans on the interbank market to satisfy their stochastic liquidity demands. Two types of equilibria exist. In the no default equilibrium, banks keep enough reserves and do not default. In the mixed equilibrium, banks trade loans on the interbank market and some default with positive probability. The existence of these equilibria depends on the degree of credit market competition. We show that when competition is intense, only the no default equilibrium exists. When it is not, only the mixed equilibrium exists. Thus, competition is detrimental to financial stability.

Guillermo Ordonez - Yale University

May 30, 2011
from 5:30 pm to 7:00 pm

Collateral Crises

Lunch Seminar: Marti Subrahmanyam - New York University

May 31, 2011
from 1:00 pm to 2:00 pm

Private Placements to Owner-Managers: Theory and Evidence

Lunch Seminar: Francesco Drago - University of Naples, Parthenope

June 6, 2011
from 1:00 pm to 2:00 pm

Indirect Effects of a Policy Altering Criminal Behaviour: Evidence from the Italian Prison Experiment

José Rodriguez Mora - University of Edinburgh

June 6, 2011
from 5:30 pm to 7:00 pm

Equilibrium Intermediation and Resource Allocation With a Frictional Credit Market

Lunch Seminar: André Kurmann - University of Pennsylvania

June 9, 2011
from 1:00 pm to 2:00 pm

News Shocks and the Term Structure of Interest Rates: a Challenge for DSGE Models (joint with Chris Otrok, University of Virginia)

Abstract:

News shocks about future increases in Total Factor Productivity (TFP) lead to a large and persistent drop in inflation and the Federal Funds rate while driving up the slope of the term structure of interest rates (Kurmann and Otrok, 2010). In this paper, we first show that a monetary DSGE model with a standard parametrization along the lines of Smets and Wouters (2007) is unable to replicate these dynamics. We then formally estimate the model with a limited-information procedure that is designed to match as closely as possible the impulse responses of key macroeconomic aggregates, inflation and the term structure to TFP news shocks. When we restrict parameters to economically meaningful values, the model is unable to generate the large drop in inflation and the Federal Funds rate that causes the slope of the term structure to increase. This failure to quantitatively account for the impact of TFP news shocks represents a challenge for modern DSGE models because TFP news shocks explain a significant portion of the variation in inflation, the Federal Funds rate and the term structure of interest rate as well as medium-run fluctuations in future real activity.

Ivan Fernandez-Val - Boston University

June 9, 2011
from 6:00 pm to 7:30 pm

Quantile Regression with Censoring and Endogeneity

Summer Lecture: Luca Anderlini - Georgetown University

June 13, 2011
from 11:30 am to 1:30 pm

Contracts

Francesco Caselli - LSE Economics

June 13, 2011
from 5:30 pm to 7:00 pm

Diversification through Trade

Summer Lecture: Luca Anderlini - Georgetown University

June 14, 2011
from 11:30 am to 1:30 pm

Contracts

Summer Lecture: Fernando Alvarez - University of Chicago

June 15, 2011
from 9:00 am to 11:00 am

Aggregate effect of monetary shocks in sticky price models based on fixed menu cost

Summer Lecture: Marco Battaglini - Princeton University

June 15, 2011
from 11:30 am to 1:30 pm

The Political Economy of Public Debt

Lunch Seminar: Nancy Qian - Yale University

June 15, 2011
from 1:00 pm to 2:00 pm

Aiding Conflict: The Unintended Consequences of U.S. Food Aid on Conflict

Summer Lecture: Fernando Alvarez - University of Chicago

June 16, 2011
from 9:00 am to 11:00 am

Aggregate effect of monetary shocks in sticky price models based on fixed menu cost

Summer Lecture: Marco Battaglini - Princeton University

June 16, 2011
from 11:30 am to 1:30 pm

The Political Economy of Public Debt

Summer Lecture: Mikhail Golosov - Yale University

June 17, 2011
from 9:00 am to 11:00 am

Principles of Optimal Taxation

Lunch Seminar: Domenico Marchetti - Bank of Italy

June 17, 2011
from 1:30 pm to 2:30 pm

Bank Type and Lending to ‘Good’ Firms at Difficult Times: Evidence from the Current Crisis

Abstract:

This paper investigates empirically the link between bank type (size) and the ability to lend to ‘good’ firms. By ‘good’ firms we mean those with good economic fundamentals and prospects, proxied by TFP. The ability of the banking sector to allocate capital efficiently along this dimension has not been investigated in the literature. We document that TFP helps to predict firm’s profitability. Our analysis focuses on the 6-month period after Lehman, when credit availability became key for the survival of economically-sound firms in financial trouble. By using data at the bank-firm level for Italy, we document that the response of credit supply to borrowers’ economic fundamentals was significantly stronger for the largest banking groups than for smaller banks. These results are strengthened for the subsample of firms that were undergoing financial difficulties as reflected by bad credit scores.

Summer Lecture: Mikhail Golosov - Yale University

June 20, 2011
from 9:00 am to 11:00 am

Principles of Optimal Taxation

Summer Lecture: Pierre Yared - Columbia University

June 20, 2011
from 11:30 am to 1:30 pm

Dynamic theoretical models in political economy

Lunch Seminar: Paola Sapienza - Northwestern University

June 20, 2011
from 1:30 pm to 2:30 pm

The Glass Ceiling in Experimental Markets

Pablo Andrés Neumeyer - Universidad Torcuato Di Tella

June 20, 2011
from 5:30 pm to 7:00 pm

From Hyperinflation to Stable Prices: Argentina’s Evidence on Menu Cost Models

Summer Lecture: Pierre Yared - Columbia University

June 21, 2011
from 11:30 am to 1:30 pm

Dynamic theoretical models in political economy

Summer Lecture: Francisco Buera - UCLA

June 22, 2011
from 9:00 am to 11:00 am

Models that combine heterogeneous producers (entrepreneurs) and financial frictions

Summer Lecture: Raquel Fernandez - New York University

June 22, 2011
from 11:30 am to 1:30 pm

Culture and Economics

Lunch Seminar: Paolo Pinotti - Bank of Italy

June 22, 2011
from 1:30 pm to 2:30 pm

Civic Capital and Democracy in the Long-run

Summer Lecture: Francisco Buera - UCLA

June 23, 2011
from 9:00 am to 11:00 am

Models that combine heterogeneous producers (entrepreneurs) and financial frictions

Summer Lecture: Raquel Fernandez - New York University

June 23, 2011
from 11:30 am to 1:30 pm

Culture as Learning

Lunch Seminar: Jaromir Nosal - Columbia University

June 24, 2011
from 1:30 pm to 2:30 pm

Competing for Customers: A Search Model of the Market for Unsecured Credit (joint with Lukasz Drozd)

Summer Lecture: Jaromir Nosal - Columbia University

June 27, 2011
from 9:00 am to 11:00 am

Models (and data) of unsecured borrowing default under incomplete markets

Summer Lecture: Guillermo Ordonez - Yale University

June 27, 2011
from 11:30 am to 1:30 pm

Traditional and Shadow Banking

Lunch Seminar: Martin Dufwenberg - University of Arizona, Tucson

June 27, 2011
from 1:30 pm to 2:30 pm

ABC on Deals (with Maros Servatka & Radovan Vadovic)

Abstract:
We propose a framework for analyzing agreements in strategic settings, be they informal or binding. We then develop, and experimentally test, a specific model formulated within the framework.

Summer Lecture: Jaromir Nosal - Columbia University

June 28, 2011
from 9:00 am to 11:00 am

Models (and data) of unsecured borrowing default under incomplete markets

Summer Lecture: Guillermo Ordonez - Yale University

June 28, 2011
from 11:30 am to 1:30 pm

Traditional and Shadow Banking

Lunch Seminar: Raquel Fernandez - New York University

June 28, 2011
from 1:30 pm to 2:30 pm

Women’s Rights and Development

Summer Lecture: Ariel Burstein - UCLA

June 30, 2011
from 9:00 am to 11:00 am

Models of innovation, firm dynamics, and international trade

Summer Lecture: Marti Subrahmanyam - New York University

June 30, 2011
from 11:30 am to 1:30 pm

Liquidity Effects in the U.S. Corporate Bond Market

Lunch Seminar: Nicholas Trachter - EIEF

June 30, 2011
from 1:30 pm to 2:30 pm

The Optimum Quantity of Money with Borrowing Constraints (joint with Francesco Lippi)

Summer Lecture: Ariel Burstein - UCLA

July 1, 2011
from 9:00 am to 11:00 am

Models of innovation, firm dynamics, and international trade

Summer Lecture: Marti Subrahmanyam - New York University

July 1, 2011
from 11:30 am to 1:30 pm

Liquidity Effects in the U.S. Corporate Bond Market

Lunch Seminar: Mikhail Golosov - Yale University

July 1, 2011
from 1:30 pm to 2:30 pm

Revolution and Industrialization in Russia through the Lens of Neoclassical Growth Theory (joint with Anton Cheremukhin, Sergei Guriev and Aleh Tsyvinski)

MOOD 2011 - 11th Doctoral Workshop in Economic Theory and Econometrics: 4-6 July 2011 (Part I)

July 4, 2011
from 3:00 pm to 6:00 pm

For further details, please see Scientific Events.

MOOD 2011 - 11th Doctoral Workshop in Economic Theory and Econometrics: 4-6 July 2011 (Part II)

July 5, 2011
from 9:00 am to 6:00 pm

For further details, please see Scientific Events.

MOOD 2011 - 11th Doctoral Workshop in Economic Theory and Econometrics: 4-6 July 2011 (Part III)

July 6, 2011
from 9:00 am to 6:00 pm

For further details, please see Scientific Events.

Summer Lecture: Hugo Hopenhayn - UCLA

July 7, 2011
from 9:00 am to 11:00 am

Firm Microstructure and Aggregate Productivity

Summer Lecture: Aleh Tsyvinski - Yale University

July 7, 2011
from 11:30 am to 1:30 pm

Information Aggregation and Transmission

Lunch Seminar: Enrico Sette - Bank of Italy

July 7, 2011
from 1:30 pm to 2:30 pm

Relationship Lending in a Financial Turmoil

Summer Lecture: Hugo Hopenhayn - UCLA

July 8, 2011
from 9:00 am to 11:00 am

Firm Microstructure and Aggregate Productivity

Summer Lecture: Aleh Tsyvinski - Yale University

July 8, 2011
from 11:30 am to 1:30 pm

Information Aggregation and Transmission

Lunch Seminar: Marco Del Negro - NY Fed

July 8, 2011
from 1:30 pm to 2:30 pm

The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies

Lunch Seminar: Shanker Satyanath - New York University

July 11, 2011
from 1:30 pm to 2:30 pm

Commercial Imperialism? CIA Interventions and Trade During the Cold War

Hugo Hopenhayn - UCLA

July 11, 2011
from 5:30 pm to 7:00 pm

Reallocation and Productivity

Summer Lecture: Jonathan Vogel - Columbia University

July 12, 2011
from 9:00 am to 11:00 am

Trade and inequality

Summer Lecture: Martin Dufwenberg - University of Arizona

July 12, 2011
from 11:30 am to 1:30 pm

Psychological Games: Theory & Experiments

Lunch Seminar: Francisco Buera - UCLA

July 12, 2011
from 1:30 pm to 2:30 pm

Idea Flows, Economic Growth, and Trade

Summer Lecture: Jonathan Vogel - Columbia University

July 13, 2011
from 9:00 am to 11:00 am

Trade and inequality

Summer Lecture: Martin Dufwenberg - University of Arizona

July 13, 2011
from 11:30 am to 1:30 pm

Experimental Asset Markets

Lunch Seminar: Marco Battaglini - Princeton University

July 13, 2011
from 1:30 pm to 2:30 pm

The Free Rider Problem: a Dynamic Analysis

Lunch Seminar: Ariel Burstein - UCLA

July 14, 2011
from 1:30 pm to 2:30 pm

Aggregate Implications of Innovation Policy

Lunch Seminar: Fernando Alvarez - University of Chicago

July 15, 2011
from 1:30 pm to 2:30 pm

Persistent Liquidity Effect and Long Run Money Demand

Lunch Seminar: Jonathan Vogel - Columbia University

July 18, 2011
from 1:30 pm to 2:30 pm

Importing Skill Biased Technology

Lunch Seminar: Matt Mitchell - University of Toronto

July 20, 2011
from 1:30 pm to 2:30 pm

Conflict in Sequential Innovation

Lunch Seminar: Hugo Hopenhayn - UCLA

July 22, 2011
from 1:30 pm to 2:30 pm

On the Voluntary Exchange of Favors

Lunch Seminar: Fabrizio Perri - University of Minnesota

July 26, 2011
from 1:30 pm to 2:30 pm

Wealth and Volatility

Lunch Seminar: Alessandra Fogli - University of Minnesota

July 27, 2011
from 1:30 pm to 2:30 pm

Germs, Social Network and Growth

Lunch Seminar: Chris Hellwig - Toulouse School of Economics

July 29, 2011
from 1:30 pm to 2:30 pm

Incomplete Information and Menu Costs

Francesca Carapella - Federal Reserve Board of Governors, Washington DC

September 1, 2011
from 5:30 pm to 7:00 pm

Information Insensitive Securities: the Benefits of Central Counterparties

Antonella Trigari - Bocconi University

September 12, 2011
from 5:30 pm to 7:00 pm

Financial Markets and Unemployment

Balazs Szentes - LSE

September 19, 2011
from 5:30 pm to 7:00 pm

Spontaneous Discrimination

Ferre De Graeve - Sverige Riksbank

September 22, 2011
from 6:00 pm to 7:30 pm

Resuscitating Long-run Restrictions

Francesco Lippi - University of Sassari & EIEF

September 26, 2011
from 5:30 pm to 7:00 pm

Price Setting with Menu Cost for Multi-Product Firms

Philipp Schmidt-Dengler - University of Mannheim

September 29, 2011
from 6:00 pm to 7:30 pm

Government Policy and the Dynamics of Market Structure: Evidence from Critical Access Hospitals

Lunch Seminar: Nicolas Serrano-Velarde - Oxford University

September 30, 2011
from 1:00 pm to 2:00 pm

The Causal Effect of Bankruptcy Law on the Cost of Finance

Lunch Seminar: Robert E. Hall - Stanford University

October 3, 2011
from 1:00 pm to 2:00 pm

Clashing Theories: Why Is Unemployment So High When Interest Rates Fall to Zero?

Charles Engel - University of Wisconsin

October 3, 2011
from 5:30 pm to 7:00 pm

The Real Exchange Rate, Real Interest Rates, and the Risk Premium

Lunch Seminar: Ed Nosal - Federal Reserve Bank of Chicago

October 4, 2011
from 1:00 pm to 2:00 pm

Equilibrium Bank Runs Revisited

Lunch Seminar: Emanuela Ciapanna & Marco Taboga - Bank of Italy

October 5, 2011
from 1:00 pm to 2:00 pm

Bayesian Analysis of Coefficient Instability in Dynamic Regressions

CFS-EIEF Conference on Household Finance

October 6, 2011
from 9:00 am to 6:00 pm

For further details, please see Scientific Events.

CFS-EIEF Conference on Household Finance

October 7, 2011
from 9:00 am to 6:00 pm

For further details, please see Scientific Events.

Kevin D. Sheedy - LSE Economics

October 10, 2011
from 5:30 pm to 7:00 pm

A Model of Equilibrium Institutions

Lunch Seminar: Andrea Bassanini - OECD

October 11, 2011
from 1:00 pm to 2:00 pm

Working in Family Firms: Less Paid but More Secure? Evidence from French Matched Employer-Employee Data

Lunch Seminar: Patrick Rey - Toulouse School of Economics

October 12, 2011
from 1:00 pm to 2:00 pm

Vertical Integration, Innovation and Foreclosure

Francis Kramarz - ENSAE - CREST

October 13, 2011
from 5:00 pm to 6:30 pm

Wages, Employment, and Trade

Lunch Seminar: Ernesto Pasten - Central Bank of Chile

October 14, 2011
from 1:00 pm to 2:00 pm

Rational Inattention, Multi-Product Firms, and the Neutrality of Money

Lunch Seminar: Marina Azzimonti - FRB of Philadelphia

October 17, 2011
from 1:00 pm to 2:00 pm

Financial Globalization and the Raising of Public Debt

Arpad Abraham - European University Institute

October 17, 2011
from 5:30 pm to 7:00 pm

Optimal Income Taxation with Asset Accumulation

LABOUR Lectures: Jeffrey M. Wooldridge - Michigan State University

October 18, 2011
from 9:30 am to 1:00 pm

Topics in Microeconometrics

LABOUR Lectures: Jeffrey M. Wooldridge - Michigan State University

October 18, 2011
from 2:30 pm to 4:00 pm

Topics in Microeconometrics

LABOUR Lectures: Jeffrey M. Wooldridge - Michigan State University

October 19, 2011
from 9:30 am to 1:00 pm

Topics in Microeconometrics

LABOUR Lectures: Jeffrey M. Wooldridge - Michigan State University

October 19, 2011
from 2:30 pm to 4:00 pm

Topics in Microeconometrics

Lunch Seminar: Jeffrey M. Wooldridge - Michigan State University

October 20, 2011
from 1:00 pm to 2:00 pm

Quasi-Maximum Likelihood Estimation and Testing for Nonlinear Models with Endogenous Explanatory Variables

Jeremy Fox - University of Michigan

October 20, 2011
from 6:00 pm to 7:30 pm

Unobserved Heterogeneity in Matching Games

Paolo Surico - London Business School

October 24, 2011
from 5:30 pm to 7:00 pm

Heterogeneous Responses and Aggregate Impact of the 2001 Income Tax Rebates

Hamish Low - University of Cambridge

October 27, 2011
from 6:00 pm to 7:30 pm

Household Saving through Recessions and Crises

Xavier Vives - IESE Business School

October 31, 2011
from 5:30 pm to 7:00 pm

Strategic Complementarity, Fragility, and Regulation

Special Lecture: Gary Charness - UCSB Economics

November 2, 2011
from 11:00 am to 1:00 pm

Experimental Economics

Special Lecture: Gary Charness - UCSB Economics

November 2, 2011
from 2:00 pm to 4:00 pm

Experimental Economics

Special Lecture: Gary Charness - UCSB Economics

November 3, 2011
from 11:00 am to 1:00 pm

Experimental Economics

Special Lecture: Gary Charness - UCSB Economics

November 3, 2011
from 2:00 pm to 4:00 pm

Experimental Economics

Nicole Fortin - University of British Columbia

November 3, 2011
from 6:00 pm to 7:00 pm

Leaving Boys Behind: Gender Disparities in High Academic Achievement

Ignacio Monzon - Collegio Carlo Alberto

November 7, 2011
from 5:30 pm to 7:00 pm

Observational Learning with Position Uncertainty

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 8, 2011
from 12:00 pm to 1:00 pm

Cointegrated VAR Model: Special Topics

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 9, 2011
from 11:00 am to 1:00 pm

Cointegrated VAR Model: Special Topics

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 9, 2011
from 2:00 pm to 4:00 pm

Cointegrated VAR Model: Special Topics

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 10, 2011
from 11:00 am to 1:00 pm

Cointegrated VAR Model: Special Topics

Pierre Dubois - University Toulouse 1 Capitole

November 10, 2011
from 6:00 pm to 7:30 pm

Price and Brand Competition between Differentiated Retailers: A Structural Econometric Model

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 11, 2011
from 1:00 pm to 2:00 pm

Cointegrated VAR Model: Special Topics

Special Lecture: Søren Johansen & Katarina Juselius - University of Copenhagen

November 14, 2011
from 11:00 am to 1:00 pm

Cointegrated VAR Model: Special Topics

Lunch Seminar: Effi Benmelech - Harvard University

November 14, 2011
from 1:00 pm to 2:00 pm

Judicial Efficiency and Financial Contracts: Evidence from a Natural Experiment

Abstract:
We exploit a 2004 credit reform in Brazil that simplied the selling of repossessed cars used as collateral for auto loans. We show that the legal change has led to loans with lower spreads, longer maturities, and higher leverage. The reform brought about an expansion of credit, enabling riskier low-income borrowers to obtain loans and purchase newer, more expensive cars. Although the credit reform improved access to credit, by expanding credit to riskier borrowers, it also led to increased incidences of default and repossession. In sum, we provide evidence on the consequences of a credit reform, highlighting the crucial role that collateral plays in credit markets.

Aleksander Berentsen - University of Basel

November 14, 2011
from 5:30 pm to 7:00 pm

Optimal Disclosure Policy and Undue Diligence

Lunch Seminar: Ernesto Villanueva - Bank of Spain

November 15, 2011
from 1:00 pm to 2:00 pm

Consumption and Initial Mortgage Conditions: Evidence from Survey Data

Jean-Marc Robin - Sciences Po, Paris

November 17, 2011
from 6:00 pm to 7:30 pm

Marriage with Labor Supply

Ramon Marimon - European University Institute

November 21, 2011
from 5:30 pm to 7:00 pm

Money is an Experience Good: Competition and Trust in the Private Provision of Money

Camille Landais - Stanford University

November 24, 2011
from 6:00 pm to 7:30 pm

Unemployment Insurance Over the Business Cycle

Paper 1: Heterogeneity and Behavioral Responses to Unemployment Benefits over the Business Cycle

Paper 2: Optimal Unemployment Insurance over the Business Cycle

Lunch Seminar: Christian Lundblad - University of North Carolina

November 25, 2011
from 1:00 pm to 2:00 pm

Political Risk and International Valuation

Fausto Panunzi - Bocconi University

November 28, 2011
from 5:30 pm to 7:00 pm

Legal Investor Protection and Takeovers

Jakub Kastl - Stanford University

December 1, 2011
from 6:00 pm to 7:30 pm

The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds

Facundo Piguillem - EIEF

December 5, 2011
from 5:30 pm to 7:00 pm

Dynamic Bargaining over Redistribution in Legislatures

Lunch Seminar: Julian Jamison - Federal Reserve Bank of Boston

December 9, 2011
from 1:00 pm to 2:00 pm

Advertising and the Welfare Implications of Endogenous Preferences

Xavier Ragot - Paris School of Economics

December 12, 2011
from 5:30 pm to 7:00 pm

Precautionary Saving over the Business Cycle

Lunch Seminar: Francesco Decarolis - University of Wisconsin Madison

December 15, 2011
from 1:00 pm to 2:00 pm

Pricing and Incentives in Publicly Subsidized Health Care Markets: the Case of Medicare Part D

Maris Goldmanis - University of London

December 15, 2011
from 6:00 pm to 7:30 pm

Until Death Do Us Part? The Marriage Model with Divorce

Lunch Seminar: Giancarlo Spagnolo - University of Rome “Tor Vergata” & EIEF

December 19, 2011
from 1:00 pm to 2:00 pm

Legalizing Bribes

Veronica Guerrieri - University of Chicago Booth School of Business

December 19, 2011
from 5:30 pm to 7:00 pm

Credit Crises, Precautionary Savings, and the Liquidity Trap