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Amor Keziou (Université de Reims)
Toulouse : TSE, 20 mars 2012, 14h00–15h30, salle MF 323
We introduce estimation and test procedures through divergence minimization for models satisfying linear constraints with unknown parameter. These procedures extend the empirical likelihood (EL) method and share common features with generalized empirical likelihood approach. We treat the problems...
Fabrizio Zilibotti (University of Zurich)
Toulouse : TSE, 19 mars 2012, 17h00–18h30, salle Amphi S
A major dilemma facing China is the extent to which the benefits of high growth can be shared more equally within and across cohorts. China will experience a sharp increase in the old-age dependency ratio which may undermine the sustainability of its pension system, arguably the most important...
Teresa Serra (Instituto de Empresa)
Toulouse : TSE, 19 mars 2012, 15h00–16h30, salle MF 323
This article studies US corn price fluctuations in the past two decades. Price volatility is explained by volatility clustering, the influence of energy prices, corn stocks and global economic conditions. A multivariate GARCH specification that allows for exogenous variables in the conditional...
Toni Whited (University of Rochester)
IDEI, 19 mars 2012, 12h30–14h00, salle MF323
We quantify the extent to which nonfundamental movements in the price of a firm’s stock affect its policies. We estimate a version of a constant returns neoclassical investment model in which equity financing is costly, the firm can accumulate cash, and, most importantly, equity values can be...
Pierre Dubois (TSE) et Andy Russell (SEEM)
Toulouse : IAST, 16 mars 2012, 14h00–15h30, salle MS001
Pierre Dubois (TSE)
Olivier Pironneau (Université Pierre et Marie Curie)
Toulouse : TSE, 16 mars 2012, 13h45–15h00, salle MF 323
Mixing Monte-Carlo and PDE methods can substantially speed-up computations because it allows use of closed form solutions for some of the components. It can also solve problems like unknown boundary conditions for complex stochastic volatility models. Applying the method combined with Longstaff-...
Paris, France, 16 mars 2012
Mark Dincecco (IMT Institute for Advanced Studies)
Toulouse : IAST, 15 mars 2012, 15h30–17h00, salle MF323
We examine the long-term links between state capacity and economic performance. Our database is novel and spans 11 countries and 4 centuries in Europe, the birthplace of modern economic growth. A dynamic simultaneous equation panel model indicates that the performance effects of states with modern...
Christopher Rauh (Universitat Autonoma de Barcelona)
Toulouse : TSE, 15 mars 2012, 12h45–14h00, salle MF 323
Minorities in many countries have been found to have lower participation rates in self-employment. In this paper we introduce beliefs as a channel of persistent discrimination in self-employment despite perfect observability of individual ability. In the theoretical model individuals can become...
