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Natalia Khorunzhina (Copenhagen Business School)
TSE, May 23, 2023, 15:30–16:50, room Auditorium 4
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’ preferences. I...
Michael Haliassos
TSE, May 23, 2023, 14:00–15:30, room Auditorium 4
This paper presents evidence for a new propagation mechanism of wealth inequality. Motivated by cross-country survey evidence, it uses unique administrative microdata and a quasifield experiment of exogenous assignment to test the hypothesis that, in the presence of significant opportunities for...
Umberto Grandi
Toulouse: IAST, May 23, 2023, 11:30–12:30, room Auditorium 4 (First floor - TSE Building)
In the past two decades researchers in autonomous agents and multi-agent systems, a research community in AI, have successfully used techniques from theoretical computer science to analyse and conceive methods for collective decision making. The field is now turning towards the design of social...
Marco Del Negro (Federal Reserve Bank NY)
May 23, 2023, 11:30–12:30, BDF, Paris, room 6 Espace Conférence & Online
We propose a nonparametric Bayesian approach for conducting inference on probabilistic surveys. We use this approach to study whether US Survey of Professional Forecasters density projections for output growth and inflation are consistent with the noisy rational expectations hypothesis. We find...
May 23, 09:00 to May 26, 2023, 17:00
Shota Ichihashi (Bank of Canada)
TSE, May 22, 2023, 14:15–15:30, room Auditorium 4
Agents face heterogeneous returns to crime, or their types, and decide whether to commit a crime. Police acquire information about agents' types and search them to deter and uncover crimes. If information acquisition is publicly observable, the police will acquire partial information that prevents...
Reyer Gerlagh (Tilburg University)
Toulouse: TSE, May 22, 2023, 11:00–12:15, room Auditorium 4
Can firms capitalize on social objectives? We scrutinize a mechanism for firms’ private interests in climate externalities: In a dynamic common agency model, the private interest in internalizing externalities arises endogenously from interaction between income growth, social costs, and rents in...
Villa Orlandi, Capri, Italy, May 18–19, 2023
Morten Ravn (University College, London)
TSE, May 16, 2023, 14:00–15:30, room Auditorium 4
We introduce frictional financial intermediation into a HANK model. Households are subject to idiosyncratic and aggregate risk and smooth consumption through savings and consumer loans intermediated by banks. The banking friction introduces an endogenous countercyclical spread between the interest...
Franck Portier (Toulouse School of Economics;UCL)
May 16, 2023, 11:30–12:30, BDF, Paris, room 4 Espace Conférence & Online
The way monetary policy is conducted is a key element in New Keynesian models, and crucially determines allocations’ properties. We show that assuming monetary authorities follow a Taylor rule may bias estimation of New Keynesian type models for two reasons. The first one is theoretically trivial,...
