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Seminars in Politics and Society Karen A. Shire (University Duisburg-Essen)

"Family Policy Shifts and the Creation of a Market for Domestic and Care Work in Germany" abstract The introduction of tax credits for purchases of personal, household, and most recently elderly care services is aimed both at supporting dual-earner households and creating jobs in household services. In this talk, recent shifts in German family policy…

Seminars in Economics Jordi Gali (CREI and UPF)

"Insider-Outsider Labor Markets, Hysteresis and Monetary Policy" Abstract I develop a version of the New Keynesian model with insideroutsider labor markets and hysteresis that can account for the high persistence of of European unemployment. I study the implications of that environment for the design of monetary policy. A simple interest rule that includes the unemployment…

Seminars in Economics Francesco Squintani (University of Warwick)

"Information Revelation and Pandering in Elections" Abstract Does electoral competition induce office motivated candidates to commit to policies that reflect their information? Or do candidates hide their information, and pander to the electorate's beliefs? We find that efficient information aggregation is precluded, but candidates' platforms may be informative: Equilibrium policy can at best be based…

Collegio Aperto Collegio Aperto: “Perché facemmo nascere l’Euro?”

Alfonso Iozzo Introduction byPietro Terna Alfonso Iozzo is Vice President of the Robert Triffin International Foundation, Université Catholique de Louvain Pietro Terna is President of the Collegio Carlo Alberto, Università di Torino Please confirm your participation at: 011-6705289 - collegioaperto@carloalberto.org   The video: Pietro Terna: https://vimeo.com/143974566 Alfonso Iozzo: https://vimeo.com/143972127   The event on Facebook: https://www.facebook.com/events/381052498768879/

Monday Lunch Seminars Sarah Grace See (Collegio Carlo Alberto)

"Parental Inputs, Formal Care, and Child Outcomes" Abstract Child outcomes are believed to be a result of cumulative inputs from both within and outside the family. Taking the theory of skill formation (Carneiro and Heckman, 2003) and the model of child outcome production function (Todd and Wolpin, 2003), earlier endowments especially those of high quality…

Seminars in Statistics Frédéric Lavancier (Université de Nantes)

Determinantal point process models and statistical inference In this talk, I will demonstrate that Determinantal point processes (DPPs) provide useful models for the description of repulsive spatial point processes. Such data are usually modeled by Gibbs point processes, where the likelihood and moment expressions are intractable and simulations are time consuming. I will recall the…

Monday Lunch Seminars Irina Stefanescu (FED Board)

"Cost Saving and the Freezing of Corporate Pension Plans" Abstract The decision to freeze corporate defined benefit (DB) plans is related to variation in prospective cost saving, and freezing DB plans reduces total corporate compensation costs. Firms that freeze have at least 50% higher 10-year expected DB accruals than matched non-freeze firms. Comparing counterfactual DB…

Monday Lunch Seminars Mascia Bedendo (Audencia School of Management)

"Reputational Shocks and the Information Content of Credit Ratings" (Note: the seminar is on Thursday) ABSTRACT In the last two decades Credit Rating Agencies (CRAs) have faced extensive criticism for their rating practices and business models. We examine to what extent a number of significant reputational shocks suffered by CRAs (i.e. the Enron/WorldCom scandals, the subprime…

Monday Lunch Seminars Sander Heinsalu (University of Queensland)

"Spence meets Holmstrom: Luck and repetition in signalling" Abstract This paper studies repeated costly signalling when luck matters for the outcome. Benefit is obtained from the belief of the market, not directly from the effort or the signal. Nonstationary environments are allowed.In the unique equilibrium in which effort is linear in type, the more the…

Monday Lunch Seminars Amedeo Piolatto (University of Barcelona)

"Online booking and information: competition and welfare consequences of review aggregators" Abstract Online review aggregators (e.g., Yelp or ClubKviar) provide detailed information about experience goods, such as restaurants and hotels. This study fosters our understanding of how such aggregators modify competition, profits and welfare. Using a spokes model ofhorizontal competition, I show that review aggregators enhance total welfare mainly by making valuable information…

Monday Lunch Seminars Arthur Van Soest (Tilburg University)

"House Price Expectations" (Note: the seminar is on Thursday) Abstract Utilizing new survey data collected between 2009 and 2014, this paper analyzes American home owners' subjective expectations on future values of their own house. We explore the relationship between house price expectations, local economic conditions, and households' individual characteristics. We examine the heterogeneity in expectations based…

Seminars in Statistics Mingyuan Zhou (University of Texas at Austin)

The Poisson gamma belief network A key issue in deep learning is to define an appropriate network structure, including both the depth of the network and the width of each hidden layer, which may be naturally addressed with completely random measures. We propose the Poisson gamma belief network (PGBN), which factorizes each of its layers…

Occasional Seminars Allievi Program Defense Sessions

10.30 Noemi Oggero"Liquidity Constraints and Human Capital Accumulation. Evidence from Italian households" 11.30 Elisa Rubbo"Communication and Persuasion" 13.30 Gianluca De Tommaso"Scaling limits for output dynamics in economies with Poisson-Dirichlet innovations" 14.30 Matteo Sordello"Diffusion approximation for cluster dynamics in a generalized gamma population model" 15.30 Cecilia Balocchi"A Bayesian approach to role inference in high resolution social…

Monday Lunch Seminars Claudio Campanale (University of Alicante)

"Luxury goods in heterogeneous agents economies" Abstract Most macroeconomic models are based on the assumption of a single homogeneous consumption good. In the present paper we consider a model with two goods: A basic good and a luxury good. We then apply this assumption to a standard general equilibrium heterogeneous agent model. We find a substantial reduction in precautionary…