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Raul Sanchez de la Sierra (Chicago University)
September 14, 2023, 11:00–12:30, room Auditorium 5
Leveraging relationships built over three years, we analyze the organization of corruption in one setting: Kinshasa's commissariat of the Congo's traffic police agency. The manager of each police station posts teams of police agents to the street and, in exchange for the right to collect bribes,...
Claudia Allende (Stanford University)
TSE, September 12, 2023, 15:30–16:50, room Auditorium 4
Ralph Lutticke (University of Tübingen)
September 12, 2023, 11:30–12:30, BDF, Paris, room 5 de l'espace conférence & Online
We introduce household heterogeneity into a small open economy New Keynesian model and estimate the model on South Korean data using a Bayesian likelihood approach. The model features uninsurable idiosyncratic income risk, sticky nominal wages and prices, liquid and (partially) illiquid foreign and...
Sarah Auster (Bonn University)
Toulouse: TSE, September 12, 2023, 11:00–12:30, room Auditorium 3
Laure De Preux
Toulouse: TSE, September 11, 2023, 11:00–12:15, room Auditorium 6
Market-based climate policy decentralizes abatement decisions via a carbon price, e.g. by establishing a permit market for CO2 emissions. Since CO2 emissions are often released jointly with conventional air pollutants, CO2 permit trades give rise to implicit trades of various co-pollutants. In...
Christopher Huckfeldt (Federal Reserve Board)
September 6, 2023, 11:30–12:30, BDF, Paris
Monetary policy is conventionally understood to influence labor demand, with little effect on labor supply. Estimating the response of labor market flows to high-frequency changes in interest rates around FOMC announcements and Fed Chair speeches, we find that a contractionary monetary policy shock...
John J. Horton (MIT Sloan School of Management)
September 5, 2023, 14:00–15:00, Zoom meeting
Paid advertising can increase market efficiency by directing buyers to sellers with greater capacity. We show this with a field experiment in a large marketplace, where all sellers could choose to buy advertising but buyers were randomized into seeing the advertising. Contrary to concerns that...
Fiorella De Fiore (BIS)
September 5, 2023, 11:30–12:30, BDF, Paris, room 3 Espace Conférence and Online
We document some stylized facts on big tech credit and rationalize them through the lens of a model where big techs facilitate matching on the e-commerce platform and extend loans. The big tech reinforces credit repayment with the threat of exclusion from the platform, while bank credit is secured...
Giacomo Lanzani (Harvard University)
Toulouse: TSE, September 5, 2023, 11:00–12:30, room Auditorium 3
Elena Asparouhova
Toulouse: TSE, July 7, 2023, 11:00–12:45, room Auditorium 4
We investigate how long an insolvent debtor can avoid default when survival is benecial to creditors collectively, but individual creditors gain by forcing early repayment. Theory predicts that the debt is not rolled over and default is immediate. With 23 experimental sessions, default is never...
