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Benoit Mojon (Bank for International Settlements)
29 mars 2022, BDF Paris
We analyse scal and monetary policy interactions when interest rate policy is hampered by the zero lower bound (ZLB) in an environment where expectations are formed with perpetual learning. The ZLB induces a deterioration of economic performance and raises the risk of persistent low ation that can...
Michael Sinkinson (Yale University)
TSE, 28 mars 2022, 14h15–15h30, salle Auditorium 4
Models of firm conduct are the cornerstone of both theoretical and empirical work in industrial organization. A recent contribution (Berry and Haile, 2014) has suggested the use of exclusion restrictions to test alternative conduct models. We propose a pairwise testing procedure based on this idea...
Scott Barrett (Columbia University)
Toulouse : TSE, 28 mars 2022, 11h00–12h15, salle Auditorium 4
I model the ocean as a line, or an array of lines, and show how the most profound change in property rights in human history, creation of the Exclusive Economic Zone, emerged as an equilibrium in customary international law. In a symmetric ocean, I find that customary law codifies efficient Nash...
James Venit (Dentons Partner)
Toulouse : TSE, 25 mars 2022, 15h00–17h00, salle Online by Zoom
Etienne Lehmann (CRED, Université Paris 1;Théories et Evaluations des Politiques Publiques;Université Panthéon-Assas Paris II)
TSE, 25 mars 2022, 11h00–12h30, salle Auditorium 3
We study the optimal tax system when taxpayers earn different kinds of income by supplying different inputs. Imperfect substitution between inputs allows for general equilibrium effects. We consider any type of cross-base responses to tax changes such as income-shifting. Formalizing the tax...
Thummim Cho (London School of Economics)
Toulouse : TSE, 25 mars 2022, 10h00–11h30, salle Auditorium 4
We propose a novel way to study asset prices based on price distortions rather than abnormal returns. We derive an exact identity linking current mispricing to subsequent returns, generating a price-level analogue to the fundamental asset pricing equation, E[MR^e] = 0, used to study returns. Our...
Josep Antoni Martín-Fernández (Universitat de Girona)
Toulouse : TSE, 24 mars 2022, 11h00–12h15, salle Auditorium 3
Compositional data require an appropriate statistical analysis because they provide the relative importance of the parts of a whole. Methods based on log-ratio coordinates give a consistent framework for analyzing this type of data. Any statistical model including variables created using the...
Clément Imbert (University of Warwick)
24 mars 2022, 11h00–12h30, salle Auditorium 4
We investigate the aggregate effects of rural to urban migration on receiving local economies. We proceed in three steps. First, we develop a model of firm dynamics that combines heterogeneous growth-profiles with the extensive and intensive margins of informality. Guided by the model, we use a...
Online, 24 mars 2022, 09h00
Madrid, 23–24 mars 2022