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Olivier Armantier (Federal Reserve Bank New York)
TSE, 27 mars 2017, 12h30–13h45, salle MF 323
“In August 2007,… banks were reluctant to rely on discount window credit to address their funding needs. The banks' concern was that their recourse to the discount window, if it became known, might lead market participants to infer weakness -the so-called stigma problem.” Bernanke (2009) Abstract A...
David Rapson (University of California - Davis)
Toulouse : TSE, 27 mars 2017, 11h00–12h15, salle MS 003
Households value diversity in many settings, including financial assets, gender of children, and occupations. This paper quantifies the extent to which multi-car households exhibit preferences for a diversified vehicle portfolio. We deploy a novel identification strategy to examine how an exogenous...
Daniel Hidalgo (MIT)
Toulouse : IAST, 24 mars 2017, 11h30–12h30, salle MS 001
Bruno Biais (TSE)
24 mars 2017
Antoine Rebecq (INSEE)
Toulouse : TSE, 23 mars 2017, 11h00–12h15, salle MF 323
The rise of extremely popular social networks (such as Facebook, Twit- ter, etc.) has generated huge interest in the industry and in the academy for datasets whose supports are graphs. When the networks are par- ticularly big, even computing simple descriptive statistics (for example clustering or...
Toulouse, France, 23–24 mars 2017
Axelle Ferriere (European University Institute)
TSE, 21 mars 2017, 17h00–18h30, salle MS 001
Empirical work suggests that government spending generates large expansions of output and consumption. Most representative-agent models predict a moderate expansion of output, and acrowding-out of consumption. We reconcile these findings by taking into account the distribution of taxes. Using US...
Daniel Krähmer (Bonn University)
Toulouse : TSE, 21 mars 2017, 11h00–12h30, salle MS 001
We study a search market where firms have a choice between offering either efficient, high quality (“candid”) products or inefficient, low quality (“deceptive”) products which some (“naive”) consumers misperceive as of high quality. We derive an equilibrium in which both business models co-exist...
Christopher Conlon (NYU Stern School of Business)
TSE, 20 mars 2017, 14h00–15h30, salle MF 323
Vertical rebates are prominently used across a wide range of industries. These con- tracts may induce greater retail effort, but may also prompt retailers to drop competing products. We study these offsetting e ciency and foreclosure effects empirically, using data from one retailer. Using a field...
Per Stromberg (Institute for Financial Research - Stockholm)
TSE, 20 mars 2017, 12h30–14h00, salle MF 323
Relative pay in the financial sector has experienced an extraordinary increase over the last few decades. A proposed explanation for this trend has been that the demand for skilled workers in finance has risen more than in other sectors. We use Swedish administrative data, which include detailed...
