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Seminars in Economics Branko Urosevic (University of Belgrade)

"Globalization, Exchange Rate Regimes and Financial Contagion" abstract The crisis of the Euro zone brought to the fore important questions including: what isthe proper level of financial integration and what are the optimal exchange rate arrangements between countries that are part of tightly knit financial networks. Using a simple Diamond-Dybvig-style theoretical model we show that…

Seminars in Economics Arie Kapteyn (RAND)

"Do Consumers Know How to Value Annuities? Complexity as a Barrier to Annuitization" abstract This paper provides evidence that complexity of the annuitization decision process – rather than a preference for lump-sums –may help explain observed low levels of annuity purchases. We test this using Social Security benefits as our choice setting in an experimental module…

Monday Lunch Seminars Giovanni Mastrobuoni (Collegio Carlo Alberto)

"Optimal Criminal Behavior and the Disutility of Jail: Theory and Evidence On Bank Robberies" abstract Based on unique data on individual bank robberies, this paper estimates the distribution of criminals' disutility of jail. The identification rests on the money versus risk trade-off that criminals face when deciding whether to stay an additional minute while robbing…

Seminars in Politics and Society Mattia Guidi (Collegio Carlo Alberto)

"A formal model of decision-making on independence and accountability of regulatory agencies" abstract This paper aims to analyse, in theoretical terms, the concepts of independence and accountability, and at theorizing their relationship. Until now, the literature has disregarded (or not highlighted to a sufficient extent) the existence of an inverse relationship between independence and accountability.…

Seminars in Economics Andrea Pozzi (EIEF)

"The Effect of Internet Distribution on Brick-and-mortar Sales" abstract I study the introduction of an online shopping service for a large supermarket chain that also operates a wide network of brick-and-mortar stores. The establishment of the Internet channel led to a 13 percent increase in overall revenues, inducing only limited cannibalization on traditional sales. I…

Monday Lunch Seminars Claudio Tebaldi (Universita’ Bocconi)

"Long Run Risk and the Persistence of Consumption Shocks" abstract In a long run risk valuation model, agents observe directly the structural drivers of consumption growth and produce a selective response to these shocks. Persistence heterogeneity complicates the empirical analysis of consumption growth dynamics and the detection of long run risk: the econometrician observes only aggregate quantities and is unable…

Seminars in Politics and Society Bruno Palier (Sciences Po Paris)

Politics and Society special lectures: Citizenship and welfare in a changing Europe "The Age of Dualization" abstract Inequality in most European societies has increased during the past decades. Contrary to those who claim that inequalities are primarily the result of economic trends and necessities, we show that policies matter. Rising inequality is not a direct result of…

Seminars in Politics and Society Rainer Bauböck (European University Institute)

Politics and Society special lectures: Citizenship and welfare in a changing Europe "Citizenship configurations: analysing the multiple purposes of citizenship regimes in Europe"  Abstract  This paper presents an analysis of the multiple purposes of citizenship regimes in 36 states in Europe. Previous studies on this topic suffer from two methodological deficits which lead to a…

Seminars in Politics and Society Anicia García Álvarez and Dayma Echevarría León (University of Havana)

"Economic reforms and social innovation in Cuba: the self-employment sector" abstract Over the last twenty years, Cuban government has prompted moderate market-oriented reforms in order to confront the severe crisis caused by the collapse of Socialist Block in Eastern Europe. This seminar focuses on reforms on employment structure and its consequences on Cuban society and economy.…

Monday Lunch Seminars Gani Aldashev (University of Namur (FUNDP))

"Assignment procedure biases in randomized policy experiments" abstract Randomized controlled trials (RCT) have become a dominant empirical tool in applied economics. The internal validity of RCTs crucially depends on the (implicit) assumption that the procedure assigning subjects to treatment and control groups has no effect on behavior. We show theoretically that this assumption is violated…

Seminars in Statistics Nicola Sartori (University of Padova)

Calibrating hybrid pseudo likelihood ratios for a parameter of interest For inference about a parameter of interest in the presence of nuisance parameters, we consider a pseudo likelihood obtained from a genuine or composite likelihood by replacing the nuisance component with an estimate based on a generic estimating equation. Suitable adjustments are developed for the…

Seminars in Statistics Alessandra Luati (University of Bologna)

The generalised autocovariance function The generalised autocovariance  function is defined for a stationary stochastic process as the inverse Fourier transform of the power transformation of the spectral density function. Depending on the value of the transformation parameter, this function nests the inverse  and the traditional autocovariance functions. A frequency domain non-parametric estimator based on the…

Seminars in Politics and Society Martin Rhodes (University of Denver)

"Coordination, cooperation and conflict: Employment policy responses to the crisis – and why they differ" Abstract The aim of this paper is to use the employment-labor market policy responses to the crisis of the last several years in Italy and Spain to understand these two countries’ capacity for coordinated policy-making and policy innovation. It tries…

Gabriella Berloffa (University of Trento)

"Inequality of opportunity for young people in Italy: understanding the role of circumstances" Abstract In this paper we analyze the way in which changes in macro-economic circumstances and labour market institutions, that occurred in Italy over the ‘90s, affected the set of opportunities for young generations, amplify or shrinking existing inequalities. In particular we investigate whether…