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Sophocles Mavroeidis (University of Oxford)
TSE, November 25, 2014, 15:30–17:00, room MS 001
Long-run restrictions (Blanchard and Quah, AER 1989) are a very popular method for identifying structural vector autoregressions (SVARs). A prominent example is the unsettled debate on the effect of technology shocks on employment, which has been used to test real business cycle theory (Gali, AER...
Guillaume Lecué (Ecole Polytechnique, Palaiseau)
Toulouse: TSE, November 25, 2014, 14:00–15:30, room MF 323
Paul Milgrom (Stanford University)
Toulouse: TSE, November 25, 2014, 11:00–12:30, room MS 001
We model an online display advertising environment with brand advertisers and better-informed performance advertisers, and seek an auction mechanism that is strategy-proof, anonymous and insulates brand advertisers from adverse selection. We find that the only such mechanism that is also false-name...
Saki Bigio (University of Columbia)
TSE, November 24, 2014, 17:00–18:30, room MS 001
We develop a new framework to study the implementation of monetary policy through the banking system. Banks finance illiquid loans by issuing deposits. Deposit transfers across banks must be settled using central bank reserves. Transfers are random and therefore create liquidity risk, which in turn...
Quang Vuong (New York University)
TSE, November 24, 2014, 14:00–15:30, room MS 001
coauthored with Yao Luo and Isabelle Perrigne
John Zhu
TSE, November 24, 2014, 12:30–14:00, room MF 323
I study optimal contracting in a general repeated moral hazard setting where the noisy signals of the agent's hidden efforts are either privately observed by the principal or observed by both agent and principal but not verifiable. In this setting, there is a subset of contract renegotiations that...
Panayotis Mertikopoulos (Inria Grenoble)
Toulouse: TSE, November 21, 2014, 14:00–15:30, room MF 323
We investigate a class of reinforcement learning dynamics in which each player plays a “regularized best response” to a score vector consisting of his actions’ cumulative payoffs. Regularized best responses are single-valued regularizations of ordinary best responses obtained by maximizing the...
John Aldrich (Duke University)
Toulouse: TSE, November 21, 2014, 10:00–11:15, room MS001
Toulouse: IAST, November 20, 2014, 18:00–20:00, room Amphi Cujas UT1
Evangelina Pateli (University of Stockholm)
Toulouse: TSE, November 20, 2014, 12:30–14:00, room MF 323
This paper turns to intermediate import dependence and proposes a relatively simple and tractable framework to examine how real devaluations affect firms' export decisions, their export performance, as well as aggregate trade flows. The model accommodates some well documented facts on the...
