Seminars
Seminars
Job Market Seminars Adrien d’Avernas (UCLA)
"Disentangling Credit Spreads and Equity Volatility" download the paper abstract In this paper, I provide a structural approach to quantify the forces thatgovern the joint dynamics of corporate bond credit spreads and equityvolatility. I build a dynamic model and estimate a wide array of fundamentalshocks using a large firm-level database on credit spreads, equityprices, accounting…
Job Market Seminars Christopher Busch (University of Cologne)
"Occupational Switching and Wage Risk" download the paper abstract The literature on labor income risk treats the wage process as exogenous to workers, with few exceptions. However, observed wage dynamics are the result of both exogenous factors, such as productivity shocks, and workers' choices. Using data from administrative German social security records, I document that…
Job Market Seminars Nataliya Gerasimova (University of Lausanne)
"House of Funds" Download the paper abstract I document that political connections are an important driver of investment strategies of US mutual funds. I collect data on mutual fund holdings of US Congress members and equity holdings of mutual funds from 2004 to 2013. I show that funds whose shares belong to politicians place larger bets and trade…
Job Market Seminars Tatyana Marchuk (Goethe University)
"The Financial Intermediation Premium in the Cross Section of Stock Returns" Download the paper abstract This paper documents a significant risk premium for financial intermediation risk in the cross section of equity returns. Firms that borrow from highly levered financial intermediaries have on average 4% higher expected returns relative to firms with low-leverage lenders. This…
Seminars in Politics and Society André Bächtiger (Universität Stuttgart)
"Measuring and Mapping Deliberation: Empirical and Conceptual Advances"
Seminars in Economics of Innovation and Knowledge Sandro Sapio (Univeristy of Naples Parthenope)
"Regional redistribution through green energy support" (at Dipartimento di Economia "S. Cognetti de Martiis")
Job Market Seminars Claudio Labanca (San Diego)
"Coordination of Hours within the Firm" Download the paper Abstract Teamwork has become increasingly important in many firms, yet little is known about how coordination of hours among heterogeneous coworkers affects pay, productivity and labor supply. In this paper we propose a framework where differently productive firms choose whether or not to coordinate hours in…
Seminars in Statistics Stéphane Boucheron (Université Paris-Diderot)
Concentration inequalities in the infinite urn scheme for occupancy counts and the missing mass, with applications to Good-Turing estimators and adaptive statistical text compression An infinite urn scheme is defined by a probability mass function over positive integers. A random allocation consists of a sample of N independent drawings according to this probability distribution where…
Job Market Seminars Mara Squicciarini (NWU)
"Devotion and Development: Religiosity, Education, and Economic Progress in 19th-Century France" Download the paper abstract This paper uses a historical setting to study when religion can be a barrier for diffusion of knowledge and economic development, and through which mechanism. I focus on 19th-century Catholicism and analyze a crucial phase of modern economic growth, the…
Job Market Seminars Alexander Jakobsen (Princeton)
"Dynamic (In)Consistency and the Value of Information" Download the paper abstract This paper develops a revealed-preference model of information disclosure. One decision maker, DM1, ranks information sources (Blackwell experiments) knowing that a second decision maker, DM2, uses the information to select an act from a menu. Both decision makers are subjective expected utility maximizers but…
Job Market Seminars Davide Malacrino (Stanford)
"Entrepreneurs’ Wealth and Firm Dynamics" Download the paper abstract Owners of privately-held firms typically invest a large amount of their personal wealth into their firm. In principle, the wealth not invested in the firm may be used as a buffer to smooth shocks to the firm. Is such buffer stock behavior observed among privately-held firm…
Seminars in Economics of Innovation and Knowledge Andy Toole (USPTO)
"The Dynamic Relationship between Investments in Brand Equity and Firm Profitability: Evidence using Trademark Registrations"
Seminars in Economics Neale Mahoney (Booth School of Business, University of Chicago, and NBER)
"Provider Incentives and Health Care Costs: Evidence from Long-Term Care Hospitals"
Seminars in Economics Stefano Giglio (Chicago Booth)
"Contractionary volatility or volatile contractions?" Note: the seminar in on Monday
Carlo Alberto Law Seminars Hadar Aviram (University of California, Hastings)
"The impact of the Economic Crisis on Prison Policy in The United States" at Campus Luigi Einaudi (CLE)
Seminars in Politics and Society Bruno Cousin (Université de Lille)
"Self-segregation, sociability and the internationalization of European upper classes"
Seminars in Economics of Innovation and Knowledge Claudio Cozza (University of Trieste)
"Are multinationals better at creating technical linkages with local firms and institutions?" (at Dipartimento di Economia "S. Cognetti de Martiis")
Seminars in Statistics Vinayak Rao (Purdue University)
Path and parameter inference for Markov jump processes A variety of phenomena are best described using dynamical models which operate on a discrete state-space and in continuous time. The most common example is the Markov jump processes whose applications range from systems biology, genetics, computing networks and human-computer interactions. Posterior computations typically involve approximations like…
Seminars in Economics Gianluca Violante (New York University)
"Monetary policy according to HANK"
Seminars in Economics Antoine Bommier (ETH Zurich)
"Household Finance and the Value of Life" Abstract We analyze life-cycle saving strategies with a recursive model that is designed to provide reasonable positive values for the value of a statistical life. With a positive value of life, risk aversion amplifies the impact of uncertain survival on the discount rate, and thus reduces savings. Our…