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Oleksandr Shcherbakov (Bank of Canada)
TSE, 26 mai 2025, 14h15–15h30, salle Auditorium 4
We investigate the introduction of a central bank digital currency (CBDC) into the market for payments. Focusing on the point of sale, we develop and estimate a structural model of consumer adoption, merchant acceptance and usage decisions. We counterfactually simulate the introduction of a CBDC,...
Tomás Domínguez-Iino (University of Chicago, Booth School of Business)
Toulouse : TSE, 26 mai 2025, 11h00–12h15, salle Auditorium 4
I build an empirical model of the South American agricultural sector to show how environmental policy is transmitted along a supply chain when regulation at the externality’s source is infeasible. Given obstacles to a first-best carbon tax on farmers, I show how second-best alternatives—downstream...
Michel Benaim (Université de Neuchâtel)
Toulouse : TSE, 26 mai 2025, 11h00–12h15, salle Auditorium 3
A Piecewise Deterministic Markov Process (PDMP) is defined by a (finite) family of deterministic dynamical systems (usually ordinary differential equations) and a random clock. The system follows a given dynamic, and when the clock rings, it switches to another dynamic, randomly chosen. This type...
David Maas (Microsoft)
22 mai 2025, 17h00–18h15, salle Zoom
Boragan Aruoba (University of Maryland, Baltimore)
21 mai 2025, 11h30–12h30, BDF, Paris, salle Salle 6 de l'espace conférence and Online
Uncertainty triggers two confounding effects: a realization and an anticipation effect. By using the 2019 riots in Chile as a quasi-natural experiment, we show that the pricing behavior of supermarkets is consistent with a pure anticipation effect: during the 31-day period following the start of...
Rome, Italy, 21 mai 2025
Whitney K. Newey (Massachusetts Institute of Technology)
TSE, 20 mai 2025, 15h30–16h50, salle Auditorium 4
This paper develops linear estimators for structural and causal parameters in nonparametric, nonseparable models using panel data. These models incorporate unobserved, time-varying, individual heterogeneity, which may be correlated with the regressors. Estimation is based on an approximation of the...
Gianluca Violante (Princeton University)
TSE, 20 mai 2025, 14h00–15h15, salle Auditorium 4
We develop an equilibrium model to study the dynamic adjustment of a frictional labor market to aggregate shifts in the demand and supply of a job amenity. When preferences for the amenity are heterogeneous in the population, and its availability is heterogeneous across jobs, labor reallocation...
Joao Granja (University College, London)
TSE, 19 mai 2025, 14h15–15h30, salle Auditorium 4
I study the effect of universal service regulation on the roll-out of new mobile telecommunications technologies by oligopolistic service providers. To this end, I develop a non-stationary dynamic game of entry and technology upgrade under regulation, which I estimate using new panel data on mobile...
Arthur Taburet (Duke University)
Toulouse : TSE, 19 mai 2025, 11h00–12h30, salle Auditorium 6
Borrowing from multiple lenders can lead to a debt dilution problem: Lenders do not internalize that issuing a new loan can affect borrowers’ ability and incentive to pay off loans provided by other lenders. Using data on the universe of retail loans in Brazil, we provide new causal estimates of...
