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Laurence Jacquet (NHH Economics Dpt - Bergen)
Toulouse: TSE, March 9, 2010, 11:00–12:30, room MF 323
This paper characterizes the optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous in two dimensions: their skills and their disutility of participation. Preferences over consumption and work effort can differ with the skill...
Frank Smets (European Central Bank)
Toulouse: TSE, March 8, 2010, 15:00–16:30, room MF 323
Unemployment in an estimated New Keynesian model Following Gali (2009), we introduce unemployment as an observable variable in the estimation of the Smets-Wouters (2007) model. This helps to solve the identification problem of wage mark-up and preference shocks highlighted by Chari, Kehoe and...
Ioanid Rosu
TSE, March 8, 2010, 12:30–14:00, room MF 323
This paper proposes a dynamic model of an order driven market with asymmetric information and stochastic fundamental value. In equilibrium, informed traders submit market orders only when they see a fundamental value far from the public price; otherwise, they submit limit orders. Under fairly...
Pierre Dubois
Toulouse: TSE, March 8, 2010, 11:00–12:30, room MF 323
We develop a model of competition between retailer chains with a structural estimation of the demand and supply in the supermarket industry in France. In the model, supermarkets compete in price and brand offer over all food products to attract consumers, in particular through the share of private...
Léonardo Gambacorta
March 8, 2010
Abdul Aleem (TSE - ARQADE)
Toulouse: TSE, March 4, 2010, 12:45–14:00, room MF 323
This paper provides empirical evidence on exchange rate pass-through from East Asian and Latin American emerging market economies. Considering external constraints on monetary policy in emerging countries, we propose a VAR model to examine the exchange rate pass-through to domestic prices. We...
Silvia Goncalves (Université de Montréal)
Toulouse: TSE, March 2, 2010, 15:30–17:00, room MF 323
In this paper we propose a bootstrap method for panel data linear regression models with individual fixed effects. The method consists of applying the standard moving blocks bootstrap of K¨unsch (1989) and Liu and Singh (1992) to the vector containing all the individual observations at each point...
Florence Puech (Université de Lyon II)
Toulouse: TSE, March 2, 2010, 14:00–15:30, room MF 323
Distance-based methods have been recently improved to evaluate the geographic concentration of economic activities. For these methods, the measurement of distances between all pairs of establishments is crucial. The Euclidean metric is systematically retained in the economic literature even...
Konrad Kai (Max Planck Institute for Intellectual Property)
Toulouse: TSE, March 2, 2010, 11:00–12:30, room MF 323
We study the effects of individual patriotic warm glow on tax compliance. A higher expected warm glow reduces the government’s optimal audit probability and yields higher tax compliance. Also, individuals with higher warm glow are less likely to evade taxes. We confirm the predictions on the...
Martin Ellison (University of Oxford)
Toulouse: TSE, March 1, 2010, 17:00–18:00, room MF 323
We defend the forecasting performance of the FOMC from the recent criticism of Christina and David Romer (2008). Our argument is that the FOMC forecasts a worst-case scenario that it uses to design robust decisions that will work well enough despite possible misspecification of its model. Our...