Finance
Finance
[Academic Events] SHARE Wave 5 FRB conference hosted by CeRP
SHARE Wave 5 FRB conference hosted by CeRP
Seminars in Economics Gabriele Camera (University of Basel and Chapman University)
"Money is more than memory"
Seminars in Politics and Society Pepper Culpepper (EUI)
"Structural Power and Bank Bailouts in the United Kingdom and the United States"
Seminars in Economics Andrea Prat (Columbia University)
"Transparency and Deliberation at the Fed: a Computational Linguistics Approach"
Occasional Seminars CANCELLED: Richard Disney (IFS)
CeRP Seminar: "House Prices, Wealth Effects and Labor Supply" Sala Rossa abstract We examine the impact of housing wealth on labor supply using data on exogenous local variation in house prices merged into household panel data for Britain. Our estimates are conditioned on variations in local labor demand and income expectations as these may co-determine…
Seminars in Statistics Goran Peskir (University of Manchester)
Optimal Mean-Variance Portfolio Selection I will present a dynamic formulation of the mean-variance portfolio selection problem and discuss possible ways of solving it.Joint work with J. L. Pedersen (Copenhagen)
Seminars in Economics Guido Menzio (Penn)
"Shopping Externalities and Self-Fulfilling Unemployment Fluctuations"
Seminars in Economics Peter Sørensen (Copenaghen)
"Regulation of Dierentiated Stock Exchanges"
Seminars in Economics Raman Uppal (EDHEC Business School)
"Comparing Different Regulatory Measures to Control Stock Market Volatility: A General Equilibrium Analysis"
Seminars in Economics Jeremy Lise (UCL)
"The Macro-dynamics of Sorting between Workersand Firms"
Seminars in Economics Antonio Guarino (UCL)
"Transaction Tax and the Information Efficiency of Financial Markets: A Structural Estimation" abstract We study the effect of a transaction tax on the trading activity of a security. In our model there are informed traders, who receive private information on the value of a security, and noise traders who trade for liquidity reasons. Through a…
Monday Lunch Seminars Nicola Branzoli (Bank of Italy)
"Non-linear pricing in the Italian market of bank accounts: market power or insurance?"
Relazione in occasione del conferimento del premio INA
Relazione in occasione del conferimento del premio INA
Seminars in Economics Leonid Kogan (MIT)
"Measuring the "Dark Matter" in Asset Pricing Models"
[Academic Events] Kick-off meeting of the project “Financial Literacy: a Key Tool to Improve People’s Life Cycle”
Kick-off meeting of the project “Financial Literacy: a Key Tool to Improve People’s Life Cycle”
Occasional Seminars CeRP seminar: Margherita Borella
"Cognitve functioning and retirement in Europe"
Seminars in Economics Toan Phan (University of North Carolina, Chapel Hill)
"Toxic Asset Bubble" Abstract We show that toxic (i.e., welfare reducing) asset bubbles can emerge in a standard framework of stochastic rational bubble if there is financial friction. The friction generated by limited liability and non-contingent debt contracts prevents banks from fully internalizing the bubble's risk of collapse. Hence boom-bust episodes involving excessively risky bubbles can emerge in equilibrium. We…
Monday Lunch Seminars Daniele Pennesi
"Asset prices in an ambiguous economy" abstract We price assets with ambiguous returns in a Lucas’ tree economy under general ambiguity sensitive inter-temporal utility. We provide intuitive conditions to guarantee existence and to characterize equilibria. Although we relax ambiguity aversion,portfolio inertia and excess volatility may obtain at the equilibrium, extending the results of Epstein and…
Monday Lunch Seminars Gerardo Ferrara
"Portfolio Optimization under Model Uncertainty" abstract This study proposes a novel methodology to deal with model uncertainty in forecasting stock returns. My main interest here is to overcome thetendency of Bayesian Model Averaging to give all of the weight to a single model. A potential solution of this problem is to capture thenature of the underlying data…
Collegio Aperto 5th Onorato Castellino Lecture, Salvatore Rossi (Director General, Bank of Italy)
"Alle radici dello sviluppo: demografia, istituzioni, politiche" Lecture video