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Seminars in Politics and Society Piero Tortola

"The legacy of Europe: Studying post-URBAN area-based regeneration in two Italian cities" abstract Despite its largely institutionalist orientation, the literature on Europeanization so far has paid little attention to issues of time. In particular, often overlooked in models of Europeanization is the question of how durable any EU-induced domestic change is, especially in the face…

Seminars in Economics of Innovation and Knowledge Stan Metcalfe (University of Manchester)

"Restless Capitalism" abstract An insistent theme in Richard Nelson's work is that of ‘capitalism as an engine of progress’. In this paper I explore this idea through a sequence of his writing, distinguishing progress as outcome from progress as instituted process. This leads to a deeper issue within this Nelsonian theme, namely the incompatibility between…

Seminars in Politics and Society Josef Hien (EUI)

"The Return of Religion? Faith based welfare provision in a Neo-Liberal Age" abstract Churches were for centuries the major institutional providers of welfare before the state took over this role in late 19th century Europe. With the advent of modernization theory the origins of modern welfare in religion were increasingly regarded as fossils from a distant past.…

Occasional Seminars Allievi Program Defense Sessions October 2013

10.00 Matteo Assandri "Electoral budget cycle and re-election chances"   10.40 Enrico Nano "Will US Student Loans Be The Next Bubble?"   11.20 Noemi Oggero "Less government spending = More GDP. Is it possible?"   14.30 Marco Ballesio "A Deeper Insight on Noether’s Theorem"   15.20 Giuseppe Di Benedetto "Classical Methods of the Calculus of…

Monday Lunch Seminars Pietro Garibaldi

"Labor and Finance: Mortensen and Pissarides meet Holmstrom and Tirole" abstract In real life labor markets firms hold at all times a variety of liquid assets not invested in their core business. Such external use of funds acts as an insurance against future adverse financial shocks, and typically varies across firms and sectors. As a…

Monday Lunch Seminars Henriette Prast

"Seven ways to knit your portfolio: can familiarity explain the gender gap in finance?" abstract We investigate whether the gender gap in measured financial literacy, risk attitudes and portfolio choice may be affected by a gender gap in familiarity with the language and product supply in the life cycle saving and investing industry. Familiarity is…

Monday Lunch Seminars Marco Airaudo

"Optimal monetary policy with counter-cyclical credit spreads" Abstract We study the consequences for monetary policy design of including deep habits in credit markets into the benchmark New-Keynesian DSGE model. Under deep habits, monopolistically competitive banks set lending rates in a forward-looking fashion: they internalize the fact that, due to habits in banking (which are meant…

Seminars in Economics Dan Black (Univ Chicago)

"Duke Grads, Monkeys, and Jobs and Wall Street: The Use and Misuse of Latent Variables" abstract We consider common Item Response Theory (IRT) measures of latent variables and consider their use as independent variables in regression analysis. We show that because of the inherent measurement error in the construction of IRT scores that OLS estimates…

Monday Lunch Seminars Jordi Vidal-Robert (University of Warwick)

"Habemus papam? Polarization and conflict in the Papal States" abstract Does increased disagreement among members of an elite translate into more conflict? Divisions among the elite might weaken the central authority, lowering its ability to suffocate revolts. In this paper we study the effect of division within elite groups on the probability of internal conflicts…