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Luca Fornaro (CREI – Centre de Recerca en Economia)
TSE, 26 octobre 2021, 14h00–15h30, Online
We provide a framework in which monetary policy affects firms' automation decisions (i.e. how intensively capital and labor are used in production). This new feature has far-reaching consequences for monetary policy. Monetary expansions can increase output by inducing rms to invest and automate...
Marco Pagano
Toulouse, 22 octobre 2021, 10h30–12h00, Toulouse, salle Auditorium 4
This paper investigates whether government credit guarantee schemes, used extensively after the onset of the Covid-19 pandemic to support bank lending by shifting default risk to governments, led to substitution of non-guaranteed with guaranteed credit, without leading to an increased supply of...
Solenne Gaucher (University of Paris Saclay)
Toulouse : TSE, 21 octobre 2021, 11h00–12h15, salle A5
Estimating matrix of connection probabilities is one of the key issues when studying sparse networks with missing observations. This problem has applications in various fields such as biology, sociology, but also recommender systems. However, many real networks are polluted by outliers coming from...
Hafedh Bouakez (HEC, Montréal)
20 octobre 2021, 11h00–12h00, BDF Paris
The aggregate spending multiplier crucially depends on the sectoral origin of government purchases. To establish this result, we characterize analytically the response of aggregate output to sector-specific government spending shocks in a tractable production-network economy. The response is larger...
Online, 20 octobre 2021, 09h00–11h00
Linh Tô (Boston University)
TSE, 19 octobre 2021, 15h30–17h00, salle Auditorium 4
This paper presents a model of compensating differentials in which firms' costs of providing amenities may depend on unobserved worker productivity. Estimating the model requires measures of workers' willingness to pay for job amenities at the individual level. We measure workers' preferences using...
Ginger Zhe Jin
19 octobre 2021, 14h00–15h00, Zoom Meeting
Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...
Antonio Penta (Toulouse School of Economics)
Toulouse : TSE, 19 octobre 2021, 11h00–12h30
We consider a standard expected utility setting, with an exogenous reference point that separates outcomes the decision maker regards as failures from successes. We introduce various attitudes towards success and failure, and characterize their implications for the shape of the Bernoulli utility...
Christian Gollier, Ottmar Edenhofer (Potsdam Institute for Climate Impact Research) et François Cabaret
Hybride - Auditorium A3, 18 octobre 2021, 17h00–18h00
Massimo Motta (ICREA-Universitat Pompeu Fabra)
TSE, 18 octobre 2021, 14h00–15h30, salle A4
We investigate the market effects of search advertising, within a model in which: there exist both sophisticated consumers (who look for any available information on their screen) and naïve consumers (who only look at the top link of their screen); and in which each firm chooses the price of its (...
