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Seminars in Economics of Innovation and Knowledge Alessandra Voena, Kennedy School of Government, Harvard University

"German-Jewish Emigres and U.S. Invention" abstract After Hitler took power in 1933, scientists who had at least one Jewish grandparent were dismissed from German universities.  Many of them moved to the United States; their patents make it possible to trace research fields in which U.S. invention benefited from the arrival of German-Jewish émigrés.  Difference-in-differences analyses compare changes…

Seminars in Economics Jakub Kastl (Stanford University)

"The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds" Abstract We study European banks’ demand for short-term funds (liquidity) during the summer 2007 subprime market crisis. We use bidding data from the European Central Bank’s auctions for one-week loans, their main channel of monetary policy implementation. Our analysis…

Seminars in Economics Miklós Koren (Central European University)

"Machines and machinists: Capital-skill complementarity from an international trade perspective" Abstract We estimate the effect of imported machines on the wages of machine operators utilizing Hungarian linked employer-employee data. We infer exposure to imported machines from detailed trade statistics of the firm and the occupation description of the worker. We find that workers exposed to…

Monday Lunch Seminars Veruska Oppedisano (University College London, UCL)

"Youngsters' Reaction to Emancipation Incentives"by Ainhoa Aparicio and Veruska Opedisano Abstract We study the income and substitution effects of a rental subsidy together with its effectiveness in promoting youngsters' independence. We exploit the introduction of a sizeable monthly subsidy in Spain in 2008, granted to all youngsters in the 22-29 age brackets who earn a…

Monday Lunch Seminars Ramsés Mena (Universidad Nacional Autónoma de México)

"On the construction of stationary process and their applications" abstract I will review a simple idea to construct strictly stationary Markov processes with given marginal distributions. The proposed methodology is appealing in that it keeps track ofthe underlying transition probabilities, hence being of interest in estimation, simulation and applied problems. Various classes of time series…

Collegio Aperto Cavour Lecture: Ruth Ben Ghiat (NYU)

"I tempi della storia: espansione e crisi nel Novecento italiano" Ruth Ben Ghiat is Chair of the Department of Italian Studies and Professor of Italian Studies and History of New York University. Lecture video Abstract In occasione del 150° anniversario dell'Unificazione italiana, l'intervento di Ruth Ben-Ghiat analizza l’espansione internazionale italiana dal tardo Ottocento agli anni…