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Klaus Nordhausen (Tampere School of Public Health- University of Tampere)
Toulouse : TSE, 4 mai 2010, 14h00–15h30, salle MF 323
Bartosz Mackowiak (European Central Bank)
Toulouse : TSE, 3 mai 2010, 17h00–18h30, salle MF 323
We estimate impulse responses of sectoral price indexes to aggregate shocks and to sector-specific shocks. In the median sector, 100 percent of the long-run response of the sectoral price index to a sector-specific shock occurs in the month of the shock. The standard Calvo model and the standard...
Elu Von Thadden (University of Mannheim)
IDEI, 3 mai 2010, 12h30–14h00, salle MF 323
This paper develops a model of financial institutions that borrow shortterm and invest into long-term marketable assets. Because these financial intermediaries perform maturity transformation, they are subject to runs. We endogenize the profits of the intermediary and derive distinct liquidity and...
Bård Harstad (Northwestern University)
Toulouse : TSE, 3 mai 2010, 11h00–12h30, salle MF 323
I develop a dynamic model of private provision of public bads allowing investments in technologies. The analysis is tractable and the MPE unique. The framework is used to derive optimal incomplete contracts in a dynamic setting. While the noncooperative equilibrium is very inefficient, short-term...
Georg Weizsacker (LSE Londres)
Toulouse : TSE, 29 avril 2010, 15h30–17h00, salle MF 323
In many arenas, good decision-making requires the consideration of correlation. Notably, optimal portfolio theory depends upon a sophisticated understanding of the correlation between financial assets. In this paper we test people's understanding of correlation in a sequence of portfolio-allocation...
Joao Montalvao (University College London)
Toulouse : TSE, 29 avril 2010, 12h45–14h00, salle MF 323
It is widely accepted that maternal and neonatal survival rates can be improved by positive health practices and effective treatment seeking behaviour. When women have little individual agency however, their control over health practices and care seeking may be significantly curtailed. Using data...
Per Mykland (University of Chicago)
Toulouse : TSE, 27 avril 2010, 15h30–17h00, salle MF 323
Recent years have seen an explosion of the literature in the area of estimating parameters (such as volatility) on the basis of high frequency data, typically from financial markets. We give some background for this kind of inference, and then discuss challenges and recent innovations in the area....
Pierre Picard (Ecole Polytechnique)
Toulouse : TSE, 27 avril 2010, 11h00–12h30, salle MF323
We show that an equilibrium always exists in the Rothschild-Stiglitz insurance market model with adverse selection when insurers can offer either non participating or participating policies, i.e. insurance contracts which may involve policy dividends or supplementary calls for premium. The...
Francisco Gonzalez
Toulouse : TSE, 26 avril 2010, 17h00–18h30, salle MF 323
We argue that the rise of the welfare state throughout the Western economies can be understood as the self-interested response of the wealthy to increasing social demands. Our thesis is that the Great Depression led to a permanent increase in people's perception of aggregate economic risks, and...
Johan Walden (UC Berkeley)
IDEI, 26 avril 2010, 12h30–14h00, salle MF 323
Several well-known asset pricing anomalies arise when simple endowment economies are calibrated to real data. We show that many of these anomalies are largely mitigated, and even disappear, if we endow the representative agent with an arbitrarily small minimum consumption level. We...
