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Olivier Darmouni
Toulouse, 18 mars 2022, 10h00–11h30, salle Auditorium 4
Using micro-data on corporate balance sheets, we study firm behavior after the unprecedented policy support to corporate bond markets in 2020. As bond yields fell, firms issued bonds to accumulate large and persistent amounts of liquid assets instead of investing. Conceptually, the benefits depend...
Céline Duval (Université de Lille)
Toulouse : TSE, 17 mars 2022, 11h00–12h15, salle A3
After a shot introduction on Hawkes processes, we introduce a general class of mean-field interacting nonlinear Hawkes processes modelling the reciprocal interactions between two neuronal populations, one excitatory and one inhibitory. The model incorporates two features: inhibition, which acts as...
Anna Dreber Almemberg
17 mars 2022, 11h00–12h30, Online
Which results can we “trust”? What share of results replicate in different literatures in the experimental social sciences? I will discuss several recent large replication projects in mainly psychology and economics, where my coauthors and I have redone experiments published in high impact...
Anna D’Annunzio (Toulouse Business School)
TSE & IAST, 16 mars 2022, 12h30–13h30, Auditorium A4
A large share of the ads displayed by digital publishers (e.g., newspapers and blogs) are sold via intermediaries (e.g., Google), that have large market power and reportedly allocate the ads in an opaque way. We study the incentives of an intermediary to disclose consumer information to advertisers...
Raffaella Giacomini (University College London)
TSE, 15 mars 2022, 15h30–17h00, Online
We propose a method for estimating the effect of a program or policy when all individuals in a population are treated. We show how individual pre-treatment information - even from very short panels - can be exploited to forecast individual counterfactuals, which can then be used to estimate the...
Michael Weber (University of Chicago, Booth School of Business)
TSE, 15 mars 2022, 14h00–15h30, Online
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of future...
David Martimort (PSE)
Toulouse : TSE, 15 mars 2022, 11h00–12h30, salle Auditorium 4salle Auditorium 4
A decision-maker enjoys surplus from his current action but faces the possibility of an irreversible catastrophe, an event that follows a non-homogeneous Poisson process with a rate that depends on the stock of past actions. Passed a tipping point, the probability of a disaster increases. Only the...
Wolfgang Lemke (European Central Bank)
15 mars 2022, BDF Paris
We build a novel macro-finance model that combines a semi-structural macroeconomic module with arbitrage-free yield-curve dynamics. We estimate it for the United States and the euro area using a Bayesian approach and jointly infer the real equilibrium interest rate (r∗), trend inflation (π ∗), and...
Ilya Eryzhenskiy (ENPC;CIRED)
Toulouse : TSE, 14 mars 2022, 11h00–12h15, salle Auditorium 6
Zero-interest green loan programs (ZIGL) are gaining traction to address the tremendous financing needs implied by climate change mitigation. One such program, the French Éco-Prêt à Taux Zéro, significantly under-performed the expectations the government had for it at its inception in 2009. Using a...
Nicola Limodio
Toulouse, 11 mars 2022, 10h00–11h30, salle Auditorium 4
We exploit an unexpected increase in the Colombian insurance threshold to investigate how depositors respond to higher deposit insurance. A monthly depositor-level panel shows that both the level and growth of deposits rise with higher coverage. This increment is driven by individuals who were...
