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Kathryn Fenton (Johnes Day)
Toulouse : TSE, 13 octobre 2023, 15h30–17h30, salle Auditorium 4
Lu Liu (Wharton)
Toulouse : TSE, 13 octobre 2023, 14h00–15h15, salle Auditorium 4
We study the impact of rising mortgage rates on mobility and labor reallocation. Using individual-level credit record data and variation in the timing of mortgage origination, we show that a 1 p.p. decline in mortgage rate deltas (Δr), measured as the difference between the mortgage rate locked in...
Antonella Bancarali (IFS London;University College, London)
12 octobre 2023, 11h00–12h30, salle Auditorium 4
Can public expenditures spur local economic activity in low-income regions? We exploit plausibly exogenous variation in municipality budgets in Peru between 2006 and 2018 —driven by the redistribution of natural resource tax revenues among more than 1,600 non-extractive municipalities— to explore...
Kwon Soonwoo (Brown University)
TSE, 10 octobre 2023, 15h30–16h50, salle Auditorium 4
Economists are often interested in the mechanisms by which a particular treatment affects an outcome. This paper develops tests for the "sharp null of full mediation" that the treatment $D$ operates on the outcome $Y$ only through a particular conjectured mechanism (or sets of mechanisms) $M$. A...
Ryan Chahrour (University of Cornell)
TSE, 10 octobre 2023, 14h00–15h30, salle Auditorium 4
In macroeconomic models with dispersed information, agents have an incentive to learn from endogenous variables, requiring them to forecast the forecasts of others. This paper revisits the model of Townsend (1983) to characterize how this mechanism affects the equilibrium dynamics. The first part...
Alex Bloedel (University of California - Los Angeles)
Toulouse : TSE, 10 octobre 2023, 11h00–12h30, salle Auditorium 4
Incentivizing the acquisition and aggregation of information is a key task of the modern economy (e.g., financial markets). We study the design of optimal mechanisms for this task. A population of rationally inattentive (RI) agents can flexibly learn about a common state of nature, subject to...
Stefan Ambec
10–11 octobre 2023, salle Auditorium A3
Junjie Zhou (Tsinghua University)
TSE, 9 octobre 2023, 14h15–15h30, salle Auditorium 4
We study social coordination among agents in a two-layer network. Using the tools of global game selection, we develop an algorithm that partitions the network into communities within which agents have the same propensity to choose the same network. We demonstrate how the topology of both...
Jason C.Y. Wong (Babson College)
Toulouse : TSE, 9 octobre 2023, 11h00–12h15, salle Auditorium 4
With forecasted increases in heavy precipitation and associated flooding, there is a need to understand the economic impacts of flood events. Even if there is extensive research on the impacts of coastal floods, we cannot directly extrapolate these findings to inland flooding given different...
Walker Ray (LSE)
Toulouse : TSE, 6 octobre 2023, 14h00–15h15, salle Auditorium 4
We develop a general equilibrium model featuring heterogeneous households, nominal rigidities, and limits to arbitrage due to segmentation in long-term bond markets. While conventional policy alone can stabilize aggregate fluctuations, the presence of market segmentation implies that such a policy...
