Finance
Finance
Job Market Seminars Elisabeth Proehl (Université de Geneve)
"Approximating Equilibria with Ex-Post Heterogeneity and Aggregate Risk" Job Market paper abstract Dynamic stochastic general equilibrium models with ex-post heterogeneity due to idiosyncratic risk have to be solved numerically. This is a nontrivial task as the cross-sectional distribution of endogenous variables becomes an element of the state space due to aggregate risk. Existing global solution…
Job Market Seminars Giovanni Nicolò (UCLA)
"Monetary Policy, Expectations and Business Cycles in the U.S. Post-War Period" Job Market Paper Abstract This paper examines the interactions between monetary policy and the formation of expectations to explain U.S. business cycle fluctuations in the post-war period. I estimate a conventional medium-scale New-Keynesian model, in which I relax the assumption that the central pursued…
Seminars in Economics Francesco Sangiorgi (Frankfurt School)
"Why is capital slow moving? Liquidity hysteresis and the dynamics of limited arbitrage" Abstract Will arbitrage capital flow into a market experiencing a liquidity shock, mitigating the adverse effect of the shock on liquidity? Using a stochastic dynamic model of equilibrium pricing with privately informed capital-constrained arbitrageurs, we show that arbitrage capital may actually flow…
Monday Lunch Seminars Nicola Limodio (Bocconi University)
"Deposit Volatility, Liquidity and Long-Term Investment: Evidence from a Natural Experiment in Pakistan"
Distinguished Scientific Lectures Onorato Castellino Lecture: Gerd Gigerenzer
Onorato Castellino Lecture: "How to engineer our future: Risk literacy or nudging?" Gerd Gigerenzer Director of the Harding Center for Risk Literacy at the Max Planck Institute for Human Development, Berlin
Seminars in Economics Naveen Gondhi (INSEAD)
"Feedback Effect and Investor Information Acquisition: Implications for Agency Problems"
Monday Lunch Seminars Stefano Sacchetto (IESE)
"How Costly Are External Financing and Agency for Private Firms?" abstract We estimate the magnitude of external financing costs and manager-shareholder conflicts for large U.S. private firms, and compare the results of the estimation to those from a sample of comparable public firms. Large private firms face marginal equity issuance costs for the first million…
Monday Lunch Seminars Carolina Fugazza (Università di Torino)
"A Life-Cycle Model with Unemployment Traps" abstract The Great Recession has highlighted that long-term unemployment may become a trap with loss of human capital. This paper extends the life-cycle model allowing for a small risk of long-term unemployment with permanent effects on labour income. Such nonlinear income risk dampens both early consumption and early investment…
Seminars in Economics Diego Garcia (University of North Carolina at Chapel Hill)
"The kinks of financial journalism" Abstract This paper studies the content of financial news as a function of past market returns. As a proxy for media content we use positive andnegative word counts from general financial news columns from the Wall Street Journal and the New York Times. Our empirical analysis allows us to discriminate…
CeRP and ITCILO organize joint session at Gender Academy
CeRP and ITCILO organize joint session at Gender Academy
Finkit multiplier event
Finkit multiplier event
Monday Lunch Seminars Alessandro Barattieri (Collegio Carlo Alberto)
"Protectionism and the Business Cycle" Abstract We study the consequences of protectionism for macroeconomic fluctuations. First, using high frequency trade-policy data, we present fresh evidence on the dynamic effects of temporary trade barriers. Estimates from country-level and panel VARs show that protectionism acts as a supply shock, causing output to fall and inflation to rise in the short…
Seminars in Statistics Kazuhiko Kakamu (Kobe University)
How does monetary policy affect income inequality in Japan? Evidence from grouped data Co-author: Martin Feldkircher (Oesterreichische Nationalbank (OeNB)) Abstract: We examine the effects of monetary policy on income inequality in Japan using a novel econometric approach that jointly estimates the Gini coefficient based on micro-level grouped data of households and the dynamics of macroeconomic…
[Academic Events] Workshop Workshop “Household Finance and Retirement Savings”
Workshop “Household Finance and Retirement Savings”
Monday Lunch Seminars Claudio Campanale (Università di Torino)
"Consumption insurance with Epstein-Zin preferences" abstract "Partial insurance is a characteristic feature of Standard Incomplete Market(SIM) models. In a recent paper Kaplan and Violante (2010) test a life-cycle version of the model against insurance coefficients computed from data and show that the model falls short of predicting the correct degree of smoothing of permanent shocks…
Collegio Aperto Lancio del Think Tank “Long-Term Investors@UniTO”
Aula Magna Rettorato - Via Po, 17 Torino Video
[Academic Events] LTI@UniTO Seminars in Finance LTI: Official Launch
Official Launch: July 12, 2017 PRESENTATIONS video of the launch of LTI, July 12th, 2017 interview with Prof. Elisa Luciano UnitoNews COMUNICATO STAMPA RASSEGNA STAMPA
Seminar “Human errors and pension reform”
Seminar “Human errors and pension reform”
Occasional Seminars David S. Bates (Henry B. Tippie Research Professor of Finance, Henry B. Tippie College of Business, University of Iowa)
"On Estimating Stock Market Volatility and Crash Risk"