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Cristina Manea (BIS)
19 mai 2026, 11h30–12h30, Banque de France, Paris, salle Room 4 and Online
We introduce targeted Taylor rules: monetary policy rules which allow for different reactions to demand– and supply–driven inflation. This new concept aligns with the strategy of the Federal Reserve — as reflected in its official communications. Estimates of this new type of rule suggest that U.S....
Mark Koyama (George Mason University)
Toulouse : IAST, 19 mai 2026, 11h30–12h00, salle Auditorium 5 (Second floor - TSE Building)
We model the political economy of the English Reformation to show how the Dissolution of the Monasteries (1536-1540) cemented Protestantism. Property rights over former Catholic monastic lands were insecure for as long as there was a possibility of return to Catholicism. Beneficiaries of monastic-...
Drew Fudenberg (Massachusetts Institute of Technology)
Toulouse : TSE, 19 mai 2026, 11h00–12h15, salle Auditorium 6
We characterize when one-step-ahead forecasts are consistent with a conditionally i.i.d. (CIID) model, i.e., Bayesian learning about a stable but unknown i.i.d. data-generating process. For two periods and binary outcomes, symmetry (pairwise exchangeability) and reinforcement (realized outcomes...
du 19 mai, 09h00 au 20 mai 2026, 14h00, salle Auditorium 3
Hsin-Tien Tiffany Tsai (National University of Singapore)
TSE, 18 mai 2026, 14h15–15h30, salle Auditorium 4
This paper examines the impact of a vertical agreement between a downstream retailer and an upstream manufacturer in the context of the U.S. consumer battery industry, using detailed consumer receipt panel data. Following the agreement between Walmart (the retailer) and Energizer (the manufacturer...
Joakim Weill (Federal Reserve Board)
Toulouse : TSE, 18 mai 2026, 11h00–12h15, salle Auditorium 4
We use 70 million policies linked to mortgages and property-level disaster risk to show that credit scores impact homeowners insurance premiums as much as disaster risk. Homeowners with low credit pay 24% more for identical coverage than high–creditscore homeowners. Leveraging a natural experiment...
Jean-Jacques Forneron
Toulouse : TSE, 18 mai 2026, 09h30–10h45, salle A3
Timothy Christensen (Yale University)
TSE, 12 mai 2026, 15h30–16h50, salle Auditorium 4
Empirical models of demand for differentiated products rely on low-dimensional product representations to capture substitution patterns. These representations are increasingly proxied by applying ML methods to high-dimensional, unstructured data, including product descriptions and images. When...
Luisa Fuster (Universidad Carlos III de Madrid)
TSE, 12 mai 2026, 14h00–15h30, salle Auditorium 4
We study the forces driving polarization and higher wage inequality since 1980 using a structural model of occupation choice in the tradition of Roy (1951). In our model, changes in relative occupational skill prices proxy for changes in relative demand for occupational labor services. Our analysis...
Andrew Little (Berkeley University)
Toulouse : IAST, 12 mai 2026, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
Debates about when and whether (partisan) directional motives influence information processing are hard to resolve because rational and motivated learning often look similar. We develop an experimental design to distinguish between these possibilities which focuses on the order in which...
