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Ciaran Rogers (HEC, Paris)
Toulouse: TSE, June 2, 2025, 11:00–12:30, room Auditorium 6
We provide survey evidence that individuals believe there is substantial nonpayment risk in annuity, life insurance, and long-term care insurance (LTCI) products. Using simple statistical analysis we show that nonpayment beliefs predict insurance ownership and that the insurance ownership rate...
Toulouse, TSE/IAST Building, June 2–3, 2025
Lisbon, Portugal, May 28, 2025
Valentina Paredes (University of Chile)
TSE, May 27, 2025, 15:30–16:50, room Auditorium 4
In this paper, we study the effects of the Women’s Labor Subsidy (WLS), introduced in 2012, on women’s labor outcomes. We use detailed administrative records for more than 2.5 million women that allow us to analyze employment and income trajectories before, during, and after the implementation of...
Ricardo Reis (London School of Economics)
TSE, May 27, 2025, 14:00–15:15, room Auditorium 4
Two currencies circulate in parallel in China, the mainland CNY and the offshore CNH.This implements capital controls as long as their exchange rate is pegged. This papercharacterises this peculiar systembyisolatingtheconventionalchannelsthrough which monetary and liquidity policies sustain it....
Kenza Benhima (HEC, Lausanne)
May 27, 2025, 11:30–12:30, BDF, Paris
Alessandro Bonatti (Massachusetts Institute of Technology)
TSE, May 27, 2025, 11:00–12:15, room Auditorium 3
We consider linear-quadratic games of incomplete information with Gaussian uncertainty, in which players’ payoffs depend both on a privately observed type and an unknown but common state. A monopolist data platform observes the state, elicits the players’ types, and sells information back to them...
Oleksandr Shcherbakov (Bank of Canada)
TSE, May 26, 2025, 14:15–15:30, room Auditorium 4
We investigate the introduction of a central bank digital currency (CBDC) into the market for payments. Focusing on the point of sale, we develop and estimate a structural model of consumer adoption, merchant acceptance and usage decisions. We counterfactually simulate the introduction of a CBDC,...
Tomás Domínguez-Iino (University of Chicago, Booth School of Business)
Toulouse: TSE, May 26, 2025, 11:00–12:15, room Auditorium 4
I build an empirical model of the South American agricultural sector to show how environmental policy is transmitted along a supply chain when regulation at the externality’s source is infeasible. Given obstacles to a first-best carbon tax on farmers, I show how second-best alternatives—downstream...
Michel Benaim (Université de Neuchâtel)
Toulouse: TSE, May 26, 2025, 11:00–12:15, room Auditorium 3
A Piecewise Deterministic Markov Process (PDMP) is defined by a (finite) family of deterministic dynamical systems (usually ordinary differential equations) and a random clock. The system follows a given dynamic, and when the clock rings, it switches to another dynamic, randomly chosen. This type...
