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Morten Ravn (University College, London)
TSE, 16 mai 2023, 14h00–15h30, salle Auditorium 4
We introduce frictional financial intermediation into a HANK model. Households are subject to idiosyncratic and aggregate risk and smooth consumption through savings and consumer loans intermediated by banks. The banking friction introduces an endogenous countercyclical spread between the interest...
Franck Portier (Toulouse School of Economics;UCL)
16 mai 2023, 11h30–12h30, BDF, Paris, salle 4 Espace Conférence & Online
The way monetary policy is conducted is a key element in New Keynesian models, and crucially determines allocations’ properties. We show that assuming monetary authorities follow a Taylor rule may bias estimation of New Keynesian type models for two reasons. The first one is theoretically trivial,...
Sydney Levine (Allen Institute for Artificial Intelligence)
Toulouse : IAST, 16 mai 2023, 11h30–12h30, salle Auditorium 4 (First floor - TSE Building)
One of the most remarkable things about the human moral mind is its flexibility: we can make moral judgments about cases we have never seen before.Yet, on its face, morality often seems like a highly rigid system of clearly defined rules. Indeed, the past few decades of research in moral psychology...
Xavier Gabaix (Harvard University)
Toulouse : TSE, 16 mai 2023, 11h00–12h30, salle Auditorium 6
We propose a theory of the complexity of economic decisions. Leveraging a macroeconomic framework of production functions we conceptualize the mind as a cognitive economy, where a task’s complexity is determined by its composition of basic cognitive operations, such as information retrieval and...
Marleen Marra (SciencesPo)
TSE, 15 mai 2023, 14h15–15h30, salle Auditorium 4
This paper explores the welfare impacts of introducing a market-based mechanism for the allocation of scarce airport take-off and landing slots. Instead of the usual revealed preference approach that recovers values from optimal bids, slot values are obtained as the incremental profit that an...
Josh Graff Zivin (University of California, San Diego)
Toulouse : TSE, 15 mai 2023, 11h00–12h15, salle Auditorium 4
We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality capitalization rates are significantly lower for Black homeowners. In fact, they are so much lower that,...
Esteban Aucejo (Arizona State University)
TSE, 15 mai 2023, 09h30–10h50, salle Auditorium 6
Balancing the demands of employment and schooling is a challenging task for an increasing number of students who have to pay their way through college. However, flexible learning and working environments could play an important role in easing many of the frictions associated with performing both...
TSE, 15–17 mai 2023
Paris, Sciences Po, 15–16 mai 2023
Stefano Lovo
Toulouse : TSE, 12 mai 2023, 14h00–15h30, salle Auditorium 4
Can a self-proclaimed socially responsible fund (SRF) improve social welfare despite its primary goal of asset accumulation? We consider a general equilibrium model with emissionnegative externalities, financial intermediation, and investors who care about both pecuniary and non-pecuniary...
