Finance

Collegio Carlo Alberto > Events > Finance

Finance

  1. Events
  2. Finance

Views Navigation

Event Views Navigation

Today

Monday Lunch Seminars Emanuele Felice (UAB)

"The roots of a dual equilibrium: GDP, productivity and structural change in the Italian regions in the long-run (1871-2011)" abstract This paper explores the long-run evolution of regional inequality in Italy over the course of 140 years, from around Unification (1871) until our days (2011). To this scope, a unique and up-to-date dataset of GDP…

[Academic Events] Workshop Workshop on household finance and economic behaviour

May 4, 2017 @ 2:00 pm at School of Management and Economics May 5, 2017 @ 9:15 am at Collegio Carlo Alberto Organizers: PIOTR BIALOWOLSKI and MARIACRISTINA ROSSI Invited Speakers: MICHAEL HALIASSOS (Goethe University Frankfurt) ARTHUR VAN SOEST (Tilburg University) To register for participation please e-mail cerp@carloalberto.org

Seminars in Economics Sarah Auster (Bocconi)*

"Optimal Delegation, Unawareness, and Financial Intermediation" abstract We study the delegation problem between an investor and a financial intermediary. The intermediary has private information about the state of the world that determines the return of the investment. Moreover, he has superior awareness of the available investment opportunities and decides whether to reveal some of them…

Monday Lunch Seminars Cristiano Cantore (University of Surrey)

"The Profit Share, the Labor Share, and Monetary Policy Shocks" Abstract Despite its importance, studies on the effect of monetary policy shocks on the laborshare and the share of corporate profits are very limited. In this paper we fill this gap in twoways. Firstly, we provide new and robust evidence on the effects of MP…

Job Market Seminars Adrien d’Avernas (UCLA)

"Disentangling Credit Spreads and Equity Volatility" download the paper abstract In this paper, I provide a structural approach to quantify the forces thatgovern the joint dynamics of corporate bond credit spreads and equityvolatility. I build a dynamic model and estimate a wide array of fundamentalshocks using a large firm-level database on credit spreads, equityprices, accounting…

Job Market Seminars Nataliya Gerasimova (University of Lausanne)

"House of Funds" Download the paper abstract I document that political connections are an important driver of investment strategies of US mutual funds. I collect data on mutual fund holdings of US Congress members and equity holdings of mutual funds from 2004 to 2013. I show that funds whose shares belong to politicians place larger bets and trade…

Job Market Seminars Tatyana Marchuk (Goethe University)

"The Financial Intermediation Premium in the Cross Section of Stock Returns" Download the paper abstract This paper documents a significant risk premium for financial intermediation risk in the cross section of equity returns. Firms that borrow from highly levered financial intermediaries have on average 4% higher expected returns relative to firms with low-leverage lenders. This…

Seminars in Economics Antoine Bommier (ETH Zurich)

"Household Finance and the Value of Life" Abstract We analyze life-cycle saving strategies with a recursive model that is designed to provide reasonable positive values for the value of a statistical life. With a positive value of life, risk aversion amplifies the impact of uncertain survival on the discount rate, and thus reduces savings. Our…

Seminars in Economics Michael Haliassos (Goethe University Frankfurt)

"Financial Literacy Externalities" abstract This paper uses unique administrative data and a quasi-field experiment of exoge- nous allocation of refugees in Sweden to estimate effects of exposure to financially literate neighbors on household financial behavior. The paper contributes evidence of a causal impact of financial literacy on behavior and points to a social multiplier of…