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Edouard Challe (European University Institute)
TSE, May 28, 2024, 14:00–15:30, room Auditorium 4
We study optimal monetary policy in a tractable Small Open Economy Heterogeneous-Agent New Keynesian (SOE-HANK) model in which households face uninsured idiosyncratic risk and unequal bond market access. We derive conditions under which optimal policy in our SOEHANK economy entails domestic...
Robert Metcalfe (University of Southern California)
Toulouse: TSE, May 27, 2024, 11:00–12:15, room Auditorium 4
What are the most effective ways to address climate change? This paper extends and applies the marginal value of public funds (MVPF) framework to help answer this question. We examine around 100 US environmental policy changes studied over the past 25 years. These policies span subsidies (wind,...
May 27–29, 2024, room Auditorium 3 - Jean-Jacques Laffont
Pat Akey
Toulouse, May 24, 2024, 14:00–15:15, room Auditorium 4
The Fama-French factors are ubiquitous in empirical finance. We find that factor returns differ substantially depending on when the data were downloaded, and only a small portion of these retroactive changes is explained by revisions to the underlying data. We show that these changes have large...
Laurent Miclo (Toulouse School of Economics)
Toulouse: TSE, May 23, 2024, 11:00–12:15, room Auditorium 5
We introduce and analyse the almost sure convergence of a stochastic algorithm for the global minimisation of smooth functions. This diffusion process is called fraudulent because it requires the knowledge of minimal value of the function. Nevertheless, its investigation is not without interest,...
Lucia Corno (Cattolica University)
May 23, 2024, 11:00–12:30, room Auditorium 4
Female Genital Cutting (FGC) is an extremely harmful tradition that persists in many regions worldwide, imposing severe adverse effects on women’s health and human capital accumulation. This paper evaluates the effectiveness of two interventions designed to reduce the incidence of FGC among...
TSE, May 23–24, 2024, room Auditorium 3
Banque de France, Paris, May 22–23, 2024
Sebastian Otero (Columbia University)
TSE, May 21, 2024, 15:30–16:50, room Auditorium 4
We study the consequences of affirmative action in centralized college admissions systems. We develop an empirical framework to examine the effects of a large-scale program in Brazil that required all federal institutions to reserve half their seats for socioeconomically and racially marginalized...
Marijn Keijzer ( IAST)
May 21, 2024, 14:00–15:15, Auditorium 3, room Auditorium 3
Historically, research on political polarization has focused on the divergence of attitudes through reasoning, deliberation, or biased information processing. But, despite a general perception that polarization is increasing, the divergence of attitudes at the macro and the micro-level finds only...
