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Luigi Iovino
September 16, 2025, 11:30–12:30, BDF, Paris, room Salle 1 Driant and online
We link the consensus inflation forecasts of major banks to interest rates in 18 advanced economies during 1989-2022. We detect horizon-increasing overreaction: high expected inflation today predicts inflation overestimation and higher real returns on nominal bonds, especially at long maturities....
George Mailath (University of Pennsylvania, USA)
Toulouse: TSE, September 16, 2025, 11:00–12:15, room Auditorium 3
Emanuele Tarantino (European Commission)
TSE, September 15, 2025, 14:15–15:30, room Auditorium 4
The European Commission’s ongoing review of the Merger Guidelines comes as Europe seeks to accelerate innovation and bolster firms’ competitiveness. Against this backdrop, the report first examines the relationship between scale and investment in the digital backbone, documenting investment...
Claire Palandri (Chicago University)
Toulouse: TSE, September 15, 2025, 11:00–12:15, room Auditorium 4
Factory farms account for an ever-growing share of animal agriculture worldwide, marked by intensive production practices and heavy geographic concentration. These operations generate large quantities of waste and have long raised serious concerns for environmental quality and public health,...
Julien Sauvagnat
Toulouse: TSE, September 12, 2025, 12:30–14:00, room Auditorium 4
We estimate the causal impact of hiring difficulties on firms’ outcomes. Using a shift share identification strategy, we show that hiring difficulties have negative effects on firms’ employment, capital, sales, and profits. Quantitatively, a one-standarddeviation change in firm exposure to hiring...
Copenhague, September 12, 2025
Silvia Vannutelli
September 11, 2025, 11:00–12:30, room Auditorium 4
Stimulus transfers are widely used during economic downturns, yet they are often poorly targeted from an economic perspective. I show that political incentives might help explain this discrepancy. I study one of the largest stimulus tax credits in Italy which excluded the poorest individuals and...
Andrea Davini (La Sapienza University)
Toulouse: TSE, September 11, 2025, 11:00–12:15, room Auditorium 5
This talk focuses on the vanishing discount problem for first-order Hamilton–Jacobi (HJ) equations: as the discount parameter tends to zero, do discounted solutions converge and—when they do—which critical solution is selected? The question is closely linked to the ergodic approximation introduced...
George Georgiadis (ECB)
September 9, 2025, 11:30–12:30, BDF, Paris, room Salle 4 Grand Hall and online
This paper presents the most comprehensive and up-to-date panel dataset on global trade invoicing currency and examines recent pattern shifts with a focus on geopolitical alignment. Using data for 132 countries from 1990 to 2023—including new coverage of the Chinese renminbi—we document five key...
Tan Gan (London School of Economics)
Toulouse: TSE, September 9, 2025, 10:15–11:30, room Auditorium 6
We argue that simple delegation rules are optimal in the presence of uncertainty in how agents manipulate delegation rules for their own private interest by considering a max-min delegation design problem, in which the principal has limited information about the agent’s preferences. In particular,...
