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Seminars in Economics Stepan Jurajda (CERGE-EI)

"Comparing Real Wage Rates using McWages" abstract Thanks to the standardized work protocol and technology of McDonald’s restaurants across the globe, the hourly wage rate of Basic Crew McDonald’s workers offers consistent, easy-to-interpret, and up-to-date wage comparisons. First, the wage rate expressed in a common currency measures the costs of labor in prices of tradables…

Seminars in Statistics Paul Jenkins (University of Warwick)

Exact simulation of the Wright-Fisher diffusion The Wright-Fisher family of diffusion processes is a class of evolutionary models widely used in population genetics, with applications also in finance and Bayesian statistics. Simulation and inference from these diffusions is therefore of widespread interest. However, simulating a Wright-Fisher diffusion is difficult because there is no known closed-form…

Occasional Seminars When Families Turn to the Market … Gender Dimensions of Outsourcing Personal and Household Services: Politics, Markets and Inequalities in East Asian and European Comparison

Organizers: Karen Shire and Margarita Estevez-Abe Day 1 Friday, November 20, 9:00 – 18:30, Sala Rossa, Collegio Carlo Alberto, via Real Collegio 30, Moncalieri (Torino) Day 2 – Continuation of Expert Workshop Saturday, November 21, 9:00 – 17:00, Meeting Room, Hotel Genova, Via Sacchi, Torino

Collegio Aperto Collegio aperto: “Il problema educativo nello scenario internazionale”

Piero Cipollone (Banca d’Italia) Introduction by: Anna Maria Poggi (Fondazione per la Scuola della Compagnia di San Paolo) abstract Il 2015 è l’anno entro il quale si dovevano raggiungere i Millennium Development Goals (MDGs), cioè l’anno in cui dovevano vedersi i frutti finali degli impegni che la comunità internazionale aveva assunto all’alba del nuovo millennio…

Seminars in Politics and Society Klaus Armigeon (University of Bern) and Stefano Sacchi (University of Milan)

"Three ways to Austerity" Abstract In 2010-2014, 26 of 31 democratic countries pursued austerity: they consolidated a lean state (Switzerland) or planned to cut back deficits (25 nations, among them Germany, Portugal and Italy). Why do democratic governments embark on austerity policies? A statistical analysis shows that the extent of deficits change is mainly a…

Seminars in Economics Gyongyi Loranth (University of Vienna)

"Multinational Banks and Supranational Supervision" Abstract We study the supervision of multinational banks (MNBs), allowing both for national and supranational supervisions. National supervision leads to insuffi cient monitoring of MNBs due to a coordination problem between supervisors. Supranational supervision solves this problem and generates more monitoring. However, this increased monitoring can have unintended consequences, as it also aff ects…

Seminars in Economics Jeff Ely (Nothwestern University)

"Dynamic Multi-Agent Persuasion" abstract I study dynamic persuasion mechanisms with multiple agents.  A principal privately observes the evolution of a stochastic process and sends messages over time to strategically interacting agents.  Filtering information allows the principal to control beliefs and higher order beliefs, thereby influencing the behavior of agents.  In a stylized example of a…

Seminars in Economics Rachel Griffith (IFS)

"Estimating Demand Parameters with Choice Set Misspecication" abstract We describe methods to estimate demand parameters in the presence of choice set misspeci-cation due to unobserved individual choice sets. We show that a consumer's probability ofmaking a choice from her true choice set can be written as the probability she makes the samechoice from a universal…