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Michael McMahon (Oxford University)
TSE, May 21, 2024, 14:00–15:30, room Auditorium 4
Policymakers communicate complex messages to multiple audiences; we investigate how complexity impacts messages `getting through' effectively. We distinguish `semantic' complexity - the focus of existing empirical studies - from `conceptual' complexity, which better reflects information-processing...
Sylvain Carré (Université Paris-Dauphine)
May 21, 2024, 11:30–12:30, BDF, Paris, room 4GH & Online
We construct a tractable general equilibrium model of DeFi lending to shed light on the role of pricing rules. We determine how the rule controls key equilibrium variables such as the utilization rate. Our model delivers a measure of welfare which incorporates the DeFi borrowing rate and the...
Paul E. Smaldino (University of California, Merced)
Toulouse: IAST, May 21, 2024, 11:30–12:30, room Auditorium 4 (First floor - TSE Building)
Research on cultural evolution and social learning have identified optimal strategies for learning from others under a variety of conditions prevalent in our deep cultural past, including those based on individual markers of success and those based on aggregated information from many sources (e.g...
Joyee Deb (New-York University)
Toulouse: TSE, May 21, 2024, 11:00–12:30, room Auditorium 3
The nature of the collective action problem, such as a protest or costly voting in a committee, is that agents have incentives to coordinate and free-ride. If agents see more similar information, it can facilitate coordination but exacerbate free-riding. We propose an order of information similari...
Tania Babina
Toulouse, May 17, 2024, 14:00–15:15, room Auditorium 4
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access both...
TSE, May 17, 09:00 to May 18, 2024, 14:00, room Auditorium 3
Ingrid Van Keilegom (KU Leuven)
Toulouse: TSE, May 16, 2024, 11:00–12:15, room Auditorium 5
Most existing copula models for dependent censoring in the literature assume that the parameter defining the copula is known. However, prior knowledge on this dependence parameter is often unavailable. In this article we propose a novel model under which the copula parameter does not need to be...
Toulouse: IAST, May 15–16, 2024, Toulouse, TSE/IAST Building
Giovanni Ricco (Ecole Polytechnique, Palaiseau)
TSE, May 14, 2024, 14:00–15:30, room Auditorium 4
Four factors drive the high-frequency impact of monetary policy announcements in South Africa: affecting short-, mid-, and long-term yield curve, as well as country risk. Controlling for information effects, we build IVs to study the transmission of conventional monetary policy, forward guidance,...
Paul Bouscasse (SciencesPo)
May 14, 2024, 11:30–12:30, BdF, Paris, room 4 GH & Online