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Christian Hansen (University of Chicago)
TSE, December 2, 2014, 15:30–17:00, room MS 001
We consider estimation and inference in panel data models with additive unobserved individual specific heterogeneity in a high dimensional setting. The setting allows the number of time varying regressors to be larger than the sample size. To make informative estimation and inference feasible, we...
Ingrid Van Keilegom (Université Catholique de Louvain)
Toulouse: TSE, December 2, 2014, 14:00–15:30, room MF 323
We consider a new approach in quantile regression modeling based on the copula function that defines the dependence structure between the variables of interest. The key idea of this approach is to rewrite the characterization of a regression quantile in terms of a copula and marginal distributions...
Balazs Szentes (London School of Economics)
Toulouse: TSE, December 2, 2014, 11:00–12:30, room MS 001
This paper considers a general, dynamic contracting problem with adverse selection and moral hazard, in which the agent’s type stochastically evolves over time. The agent’s final payoff depends on the entire history of private and public information, contractible decisions and the agent’s hidden...
Luis Oliviera de Araujo
December 2, 2014
Francesco Bianchi (Duke University)
TSE, December 1, 2014, 17:00–18:30, room MS 001
While high uncertainty is an inherent implication of the economy entering the zero lower bound, deflation is not, because agents are likely to be uncertain about the way policymakers will deal with the large stock of debt arising from a severe recession. We draw this conclusion based on a new-...
Orazio Attanasio (University College London)
TSE, December 1, 2014, 14:00–15:30, room MF 323
We consider a nonlinear pricing model in which marginal willingness to pay and absolute ability to pay differ across consumers in order to explain the nonlinearity of unit prices of basic food items in developing countries. We model consumers’ subsistence constraints and allow outside options from...
Baris Vardar (Paris School of Economics)
Toulouse: TSE, December 1, 2014, 11:00–12:30, room MS 001
This paper investigates the optimal taxation path of a non-renewable resource in the presence of an imperfect substitute renewable resource. We present an optimal growth model and characterize the social optimum and the decentralized equilibrium. We show that the economy gradually reduces the share...
Catherine Rainer (Université de Brest)
Toulouse: TSE, November 28, 2014, 14:00–15:30, room MF 323
We study a stochastic differential equation (SDE) of mean-field type, i.e., an SDE driven by a Brownian motion, which coefficients depend on the solution process of the SDE but also on its probability. We derive a non local PDE which unique solution is described with the help of the mean-field SDE...
Nicolas Werquin (Yale University)
TSE, November 28, 2014, 11:00–12:15, room MF 323
This paper studies the effects of taxes on labor income and social welfare in an environment where labor supply choices are constrained by adjustment frictions. I analyze a dynamic model in which individuals choose their labor supply on the intensive margin as a function of their stochastic...
Siège de la Banque de France, Paris, November 28, 2014
