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Luigi Guiso (Einaudi Institute for Economics and Finance - Roma)
TSE, 23 février 2015, 12h30–14h00, salle MF 323
We propose a new, data-based test for the presence of biased financial advice when households choose between Fixed Rate Mort- gages (FRM) and Adjustable Rate Mortgages (ARM). If households are wary, the relative cost of FRM and ARM should be a sufficient statistic for a household contract choice:...
Braz Camargo (Sao Paulo School of Economics - FGV)
19 février 2015, BDF, Paris
Daniel Herrera-Araujo (Toulouse School of Economics)
Toulouse : TSE, 12 février 2015, 12h45–14h00, salle MF 323
Neural tube defects are neurological conditions affecting 1/1000 foetuses in France each year. If a foetus is affected there is a 90% chance of the pregnancy being terminated. Increasing folic acid intake over 400μg per day two months before and two months after conception reduces prevalence rates...
Ax les Thermes, France, 4–6 février 2015
Toulouse, France, 3 février 2015, salle MS 003
Jean-Charles Rochet (University of Zurich)
IDEI, 26 janvier 2015, 12h30–14h00, salle MS 001
This paper proposes a simple theory of credit cycles that focuses on the role of bank capital and financing frictions. We build a continuous time general equilibrium model of an economy in which banks finance their loans by deposits andequity, while facing issuance costs when they raise new equity...
Paris, France, 19 janvier 2015
Toulouse, France, du 15 janvier, 09h00 au 16 janvier 2015, 18h00
Augustin Landier (Toulouse School of Economics) et Guillaume Plantin (Sciences Po, Paris)
15 janvier 2015, BDF, Paris
Mattia Girotti (Toulouse School of Economics)
Toulouse : TSE, 13 janvier 2015, 12h45–14h00, salle MF 323
This paper explores the eff ects of monetary policy shocks on banks' liability structures and funding costs. Banks obtain most of their funding from a combination of demand deposits -- i.e. zero-interest deposits -- and interest-bearing deposits. Using local demographic variations as instruments...
