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Occasional Seminars Francesca Pongiglione (University of Bologna)

"Climate change and individual decision-making" abstract In this presentation, three separate yet interconnected components of pro-environmental decision making are considered: (a) knowledge, in the form of scientific understanding and procedural knowledge, (b) risk perception, and (c) self-interest, either monetary or status-driven. Drawing on a variety of sources in public policy, psychology, and economics, I examine…

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…