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Bruno Biais
March 25, 2016, BDF, Paris
Sergei Guriev (Sciences Po, Paris)
Toulouse: TSE, March 24, 2016, 11:00–12:30, room MF 323
We develop an informational theory of dictatorship. Dictators survive not because of their use of force or ideology but because they convince the public|rightly or wrongly|that they are competent. Citizens do not observe the dictator's type but infer it from signals inherent in their living...
Zhou Chen (De Nederlandsche Bank - University of Rotterdam)
Toulouse: TSE, March 24, 2016, 11:00–12:15, room MS003
We extend classical extreme value theory to non-identically distributed observations. When the tails of the distribution are proportional much of extreme value statistics remains valid. The proportionality function for the tails can be estimated non-parametrically along with the (common) extreme...
Francesco Lippi (Einaudi Institute for Economics and Finance)
TSE, March 22, 2016, 17:00–18:30, room MS 001
We analyze a sticky price model where a firm chooses a price plan, namely a set of 2 prices. Changing the plan entails a menu cost, but either price in the plan can be charged at any point in time. The setup generates a persistent reference price level and short lived deviations from it, and a...
Rebecca Diamond (Stanford University)
TSE, March 22, 2016, 15:30–17:00, room MS 001
We nonparametrically estimate spillovers of properties financed by the Low Income Housing Tax Credit (LIHTC) onto neighborhood residents by developing a new difference-in-differences style estimator. LIHTC development revitalizes low-income neighborhoods, increasing house prices 6.5%, lowering...
Peter Cramton (University of Maryland)
Toulouse: TSE, March 22, 2016, 11:00–12:30, room MS 001
We present a market design for an open access wireless market. Open access means that in real time, network capacity cannot be withheld—network throughput is priced dynamically by the marginal demand during congestion. In unconstrained times and locations, a nominal fee is paid for network...
François Geerolf
March 22, 2016
Alexi Savov
IDEI, March 21, 2016, 12:30–14:00, room MF 323
We propose and test a new channel for the transmission of monetary policy. We show that when the Fed funds rate increases, banks widen the interest spreads they charge on deposits, and deposits flow out of the banking system. We present a model in which imperfect competition among banks gives rise...
Ralf Martin (Imperial College)
Toulouse: TSE, March 21, 2016, 11:00–12:30, room MS 003
Sofiane Saadane (TSE - IMT)
Toulouse: TSE, March 18, 2016, 14:00–15:15, room MF 323
Ce travail étudie un algorithme de descente du type "Heavy Ball" introduit par Polyak, qui se réinterprète comme une descente de gradient à mémoire. Cette méthode de descente possède l’aptitude particulière d’éviter certains pièges locaux, et opère une descente de gradient non pas dans la direction...
