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Ro'ee Levy (Berglas School of Economics, Tel Aviv University)
TSE & IAST, 29 septembre 2021, 12h30–13h30, Auditorium A4
The diffusion of social media coincided with a worsening of mental health conditions among adolescents and young adults in the United States, giving rise to speculation that social media might be detrimental to mental health. In this paper, we provide the first quasi-experimental estimates of the...
Francesca Molinari (Cornell University)
TSE, 28 septembre 2021, 15h30–17h00, Online
We analyze inference on partially identified parameters in possibly misspecified incomplete models. Misspecification can make identified sets of parameters spuriously tight or even empty, which raises a challenge for interpreting identification results. This paper puts forward an information-based...
Stéphanie Schmitt-Grohé (Columbia University)
TSE, 28 septembre 2021, 11h00–12h15, Online
This paper addresses the question of how central banks should conduct bank reserve remuneration policy in open economies. The analytical framework is a model with a banking channel and a collateral constraint that limits household debt by a fraction of income. The paper finds that under the optimal...
Marco Ottaviani (Bocconi University)
Toulouse : TSE, 28 septembre 2021, 11h00–12h30, ONLINE
We develop a foundational model of the non-market allocation of resources through grantmaking. By casting the problem in a supply and demand framework in spite of the absence of prices, we characterize the equilibrium level of applications and acceptance standard. On the demand side, agents with...
Darrell Duffie (Standford University)
27 septembre 2021, 17h00–18h00, BDF Paris
The Federal Reserve's “balance-sheet normalization,” which reduced aggregate reserves between 2017 and September 2019, increased repo rate distortions, the severity of rate spikes, and intraday payment timing stresses, culminating with a significant disruption in Treasury repo markets in mid-...
Niklas Möhring (Centre d'Etudes Biologiques de Chizé - CNRS)
Toulouse : TSE, 27 septembre 2021, 11h00–12h15, Online, salle Auditorium 4
The sustainable intensification of agriculture requires solutions for a large-scale reduction of pesticide use while sustaining agricultural yields. New pesticide-free production standards, which align the strengths of several food value chain actors, could be a cornerstone of this transformation....
Alexandra Carpentier (University Magdeburg )
Toulouse : TSE, 23 septembre 2021, 11h00–12h15, salle Auditorium 5
This talk will be on the topic of sequential learning, and on some specific instances of the stochastic bandit problem. In the first part of the talk, I will give an introduction to the stochastic bandit problem, and present some core ideas and algorithms. In the second part of the talk, I will...
Jacopo Bregolin (Toulouse School of Economics)
21 septembre 2021, 14h00–15h00, Zoom Meeting
Many online platforms rely on user-generated content and need to incentivize free effort. With data from Stack Exchange, I investigate whether users provide more and better quality contributions when endowed with more autonomy and authority over actions. Using a dynamic discrete choice model, I...
Saki Bigio (UCLA)
Toulouse : TSE, 21 septembre 2021, 14h00–15h30, salle Zoom
We develop a theory of exchange rate fluctuations arising from financial institutions’ demand for liquid dollar assets. Financial flows are unpredictable andmay leave banks “scrambling for dollars.” As a result of settlement frictions in interbank markets, a precautionary demand for dollar reserves...
Callum Jones (Federal Reserve Board)
21 septembre 2021, 14h00–15h00, BDF Paris
The empirical literature on the stability of the Phillips curve has largely ignored the bias that endogenous monetary policy imparts on estimated Phillips curve coefficients. We argue that this omission has important implications. When policy is endogenous, estimation using aggregate data can be...
