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Rudiger Bachmann (University of Notre Dame)

May 14, 2019, BDF Paris

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? Using a structural VAR, we nd that GDP and business investment increase following an expansionary LTV shock. Residential investment, by...

Seminar

Manufacture des Tabacs, Toulouse, France: TSE, May 14, 2019

Conference

Kyungmin Kim (University of Miami)

TSE, May 13, 2019, 14:00–15:30, room MS 001

We consider an oligopoly model in which each firm chooses not only its price but also its advertising strategy regarding how much product information to provide. Unlike most previous studies, we impose no structural restriction on feasible advertising content, that is, each firm is endowed with...

Seminar

Claudia Custodio

Toulouse, May 13, 2019, 12:30–14:00, room MF 323

A randomized controlled trial (RCT) with medium and large companies in Mozambique identifies a positive treatment effect of an executive education programme in finance for top managers on financial policies and firm profitability. Using survey data as well as financial accounting data, we find that...

Seminar

Jacquelyn Pless (University of Oxford)

Toulouse: TSE, May 13, 2019, 11:00–12:15, room MS 003

We formalize pass-through over-shifting as a simple yet under-utilized test for market power. We apply this test in the market for solar energy. Specifically, we estimate the pass-through of solar subsidies to solar system prices using rich micro-level transaction and subsidy data from California....

Seminar

Clément Imbert (Unversity of Warwick)

Toulouse: TSE, May 9, 2019, 11:00–12:30, room MS 003

This paper provides causal empirical evidence that rural-urban migration lowers urban rm productivity in developing countries. We use longitudinal data on Chinese manufacturing firms between 2001 and 2006, and exploit exogenous variation in rural-urban migration due to agricultural price shocks...

Seminar

Xavier Mary (CREST)

Toulouse: TSE, May 9, 2019, 11:00–12:15, room MF 323

Determinantal point processes were introduced by physicists and probabilists in the 70's. They reappeared in the mathematical landscape at the beginnig of this century in the context of random matrices theory. Recently, they also attracted the attention of the statistical community, notably because...

Seminar

Manufacture des Tabacs, Toulouse, May 9–10, 2019

Conference

Pietro Tebaldi (University of Chicago)

TSE, May 7, 2019, 15:30–17:00, room MS 001

We estimate the demand for health insurance in the California Affordable Care Act marketplace (Covered California) without using parametric assumptions about the unobserved components of utility. To do this, we develop a computational method for constructing sharp identified sets in a nonparametric...

Seminar

Takashi Hayashi (University of Glasgow)

Toulouse: TSE, May 7, 2019, 11:00–12:30, room MS 003

Partial equilibrium mechanism design separates the problem at hand from the rest of the economy and tries to solve it, assuming ceteris paribus (other things remain equal). This assumption is false in general, since it holds only when preferences are indeed separable across sectors. Thus, if we...

Seminar