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Jean Paul Rabanal (University of Stavanger)
Toulouse: TSE, March 24, 2025, 11:00–12:30, room Auditorium 6
We examine whether shareholders' responses to risky investment decisions are influenced by the gender of the firm's manager, particularly when these decisions impact the fundamental value per share. Our findings indicate that while actual investment choices do not differ by gender, shareholders...
Nicolas Ziebarth (Universität Mannheim)
TSE, March 21, 2025, 11:00–12:30, room Auditorium 4
This paper studies how the private disability insurance (DI) market responded to a 2001 reform that abolished public occupational disability insurance (ODI) for German cohorts born after 1960 while leaving basic public work disability insurance (WDI) intact. A major reason for cutting public ODI...
Paris, March 20, 2025, 14:00–19:00
Federico Rossi (University of Warwick)
March 20, 2025, 11:00–12:30, room Auditorium 4
Business historian Alfred Chandler showed that firms in the Second Industrial Revolution had to adopt managerial capitalism to benefit fully from new technologies that leveraged economies of scale or scope and raised productivity. We show that the same forces are relevant for understanding economic...
Mariia Artemova (Tinbergen Institute Amsterdam;Université d'Amsterdam)
TSE, March 18, 2025, 15:30–16:50, room Auditorium 4
We propose a flexible rolling window estimation procedure which improves forecasting accuracy of misspecified linear autoregressive models. The method assigns different weights to data points in the observed sample which can be useful in the presence of data generating processes featuring...
Olivier Coibion (University of Texas, Austin)
TSE, March 18, 2025, 14:00–15:30, room Auditorium 4
We implement a survey-based randomized information treatment that generates independent variation in the inflation expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first and second moments of inflation expectations...
Davide Debortoli (CREI, Universitat Pompeu Fabra;BSE)
March 18, 2025, 11:30–12:30, BDF, Paris, room Room 4 espace conférences and online
We measure the inflation-unemployment tradeoff associated with monetary easing and tightening, during booms and recessions, using a novel nonlinear Proxy-SVAR approach. We find evidence of significant nonlinearities for the U.S. economy (1973:M1 - 2019:M6): stimulating economic activity during...
Gilat Levy (London School of Economics)
Toulouse: TSE, March 18, 2025, 11:00–12:30, room Auditorium 3
Competing research lines start and grow as information is gradually uncovered by scientists who choose their fields driven by career incentives. We build a strategic experimentation framework in which agents irreversibly specialize in one of two risky fields, and information updates arrive more...
Nima Haghpanah (Penn State University)
TSE, March 17, 2025, 14:15–15:30, room Auditorium 4
We ask when additional data collection by a monopolist to engage in price discrimination monotonically increases or decreases weighted surplus. To answer this question, we develop a model to study endogenous market segmentation subject to residual uncertainty. We give a complete characterization...
Guillermo Ordonez (University of Pennsylvania, USA)
Toulouse: TSE, March 17, 2025, 11:00–12:30, room Auditorium 6
Stock markets play a dual role: improve capital allocation across firms by conveying information about their fundamentals and provide liquidity to traders by quickly turning stocks into cash. We propose a trading model in which these two roles are endogenously related: if stocks are used more...