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X-WR-CALNAME:Department of Economics Universidad Carlos III
X-ORIGINAL-URL:https://economics.uc3m.es
X-WR-CALDESC:Events for Department of Economics Universidad Carlos III
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TZID:Europe/Helsinki
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260909T004500
DTEND;TZID=Europe/Helsinki:20260909T140000
DTSTAMP:20260715T232039
CREATED:20260713T105337Z
LAST-MODIFIED:20260713T111212Z
UID:10578-1788914700-1788962400@economics.uc3m.es
SUMMARY:Realized autoregressive conditional betas by Mariia Artemova\, Christian Francq and Sébastien Laurent
DESCRIPTION:Christian Francq\n(ENSAE)\n  \n“Realized autoregressive conditional betas by Mariia Artemova\, Christian Francq and Sébastien Laurent”\nWe propose a new model called RACB (Realized Autoregressive Conditional Beta) to model the dynamics of slope parameters (or betas) in a linear regression model with heteroscedastic errors. The proposed model is a quasi score-driven model obtained by modelling the joint distribution of the endogenous variable and the realized betas\, conditional on the explanatory variables and under the assumption that the realized betas are unbiased estimators of the conditional betas.\nThe proposed model extends the Autoregressive Conditional Beta (ACB) model by conditioning the betas on lagged realized betas and by shrinking the conditional betas towards the realized betas.\nWe establish the key stochastic properties of the data generating process and the associated filter\, and argue that the contraction condition for invertibility is not only sufficient but also almost necessary. We also show that when realized betas are not observed for certain observations\, replacing them with the conditional betas is optimal in the Kullback–Leibler divergence sense.\nEmpirically\, for 37 large U.S.\ stocks in a Fama–French three-factor setting\, the RACB model achieves the best performance in a tracking portfolio exercise as it is the most frequently retained model in the Model Confidence Set.\nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/realized-autoregressive-conditional-betas-by-mariia-artemova-christian-francq-and-sebastien-laurent/
LOCATION:15.1.39
CATEGORIES:Econometrics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Christian-Francq-e1783939839880.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260910T124500
DTEND;TZID=Europe/Helsinki:20260910T140000
DTSTAMP:20260715T232039
CREATED:20260713T110655Z
LAST-MODIFIED:20260713T110949Z
UID:10582-1789044300-1789048800@economics.uc3m.es
SUMMARY:Innovation\, Business Cycles\, and the Climate Transition
DESCRIPTION:Maximilian Konradt\n(CREI)\n  \n“Innovation\, Business Cycles\, and the Climate Transition”\n\nAbstract: This paper examines the relationship between green innovation and the business cycle\, revealing that while non-green innovation is procyclical\, green innovation is countercyclical. This pattern holds unconditionally over the business cycle and conditional on economic shocks. Motivated by these findings\, we develop a business cycle model with endogenous green and non-green innovation to explain their distinct cyclical behavior. The key mechanism operates through a `green is in the future’ channel: green patents are expected to generate higher profits in the future\, making green patenting less sensitive to short-term economic fluctuations. In general equilibrium\, this channel is reinforced\, making green and non-green innovation effective substitutes. We provide direct evidence supporting the model mechanism using data on market-implied values of green and non-green patents.\n\n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/innovation-business-cycles-and-the-climate-transition/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-e1783940765885.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260915T124500
DTEND;TZID=Europe/Helsinki:20260915T140000
DTSTAMP:20260715T232039
CREATED:20260713T112148Z
LAST-MODIFIED:20260713T112148Z
UID:10589-1789476300-1789480800@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Mikael Mäkimattila\n(Aalto University)\n  \n“TBA”\n  \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-193/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/makimattila_portrait-e1783941639426.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260916T004500
DTEND;TZID=Europe/Helsinki:20260916T140000
DTSTAMP:20260715T232039
CREATED:20260713T113102Z
LAST-MODIFIED:20260713T113102Z
UID:10593-1789519500-1789567200@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Francisco Costa\n(FGV)\n  \n“TBA”\n  \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-194/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Francisco-Costa-e1783942153274.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260917T124500
DTEND;TZID=Europe/Helsinki:20260917T140000
DTSTAMP:20260715T232039
CREATED:20260713T114007Z
LAST-MODIFIED:20260713T114007Z
UID:10597-1789649100-1789653600@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Benny Kleinman\n(Stanford University)\n  \n“TBA”\n  \n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-195/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-1-e1783942750117.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260921T004500
DTEND;TZID=Europe/Helsinki:20260921T140000
DTSTAMP:20260715T232039
CREATED:20260713T115544Z
LAST-MODIFIED:20260714T115520Z
UID:10601-1789951500-1789999200@economics.uc3m.es
SUMMARY:Perceptions of Race in the Labor Market joint with Pedro C. Sant’Anna and Aiko Schmeisser
DESCRIPTION:Sulin Sardoschau\n(Humboldt University)\n  \n“Perceptions of Race in the Labor Market joint with Pedro C. Sant’Anna and Aiko Schmeisser“\n  \nFace to face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/perceptions-of-race-in-the-labor-market-joint-with-pedro-c-santanna-and-aiko-schmeisser/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-1-1-e1783943428348.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260922T124500
DTEND;TZID=Europe/Helsinki:20260922T140000
DTSTAMP:20260715T232039
CREATED:20260713T123017Z
LAST-MODIFIED:20260713T123017Z
UID:10605-1790081100-1790085600@economics.uc3m.es
SUMMARY:Collusion without Patience
DESCRIPTION:Toomas Hinnosaar\n(University of Nottingham)\n  \n“Collusion without Patience”\nAbstract: Tacit collusion is usually linked to repeated interactions between patient firms. We show that it can also arise in a one-shot duopoly. When firms choose capacities and face outsourcing contracts with minimum order quantities\, gaps in feasible outputs allow commitment not to sell intermediate quantities. For a range of parameters\, there exists a collusive equilibrium in which both firms produce less and earn more than under competition. Three other equilibria can also arise: competitive\, leadership\, and miscoordination. We then extend the model to general two-sided limited commitment and show that it yields the same set of equilibria. \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/collusion-without-patience/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/images-e1783945610841.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260923T004500
DTEND;TZID=Europe/Helsinki:20260923T140000
DTSTAMP:20260715T232039
CREATED:20260714T082408Z
LAST-MODIFIED:20260714T082408Z
UID:10609-1790124300-1790172000@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Timo Dimitriadis\n(University Frankfurt)\n  \n“TBA”\n  \nFace to face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-196/
LOCATION:15.1.39
CATEGORIES:Econometrics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-2-e1784017299699.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260924T124500
DTEND;TZID=Europe/Helsinki:20260924T140000
DTSTAMP:20260715T232039
CREATED:20260714T083103Z
LAST-MODIFIED:20260714T083103Z
UID:10615-1790253900-1790258400@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Maarten De Ridder\n(LSE)\n  \n“TBA”\n  \n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-197/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/png:https://economics.uc3m.es/wp-content/uploads/2026/07/Maarten-De-Ridder-e1784017790689.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260928T004500
DTEND;TZID=Europe/Helsinki:20260928T140000
DTSTAMP:20260715T232039
CREATED:20260714T084613Z
LAST-MODIFIED:20260714T084927Z
UID:10619-1790556300-1790604000@economics.uc3m.es
SUMMARY:Deforestation as an Option: Land Grabbing in the Brazilian Amazon
DESCRIPTION:Rodrigo R. Soares\n(INSPER)\n  \n“Deforestation as an Option: Land Grabbing in the Brazilian Amazon”\nAbstract: Curbing deforestation in the Amazon is essential for climate change mitigation and biodiversity preservation\, but the effectiveness of property rights and environmental policies may depend crucially on political factors. We study the impact of changes in enforcement following the 2019 change in government in Brazil. We compare municipalities more and less exposed to new fronts of land appropriation opened up by loggers. Using a difference-in-differences design\, we find that deforestation accelerated after 2019\, with large and significant effects estimated for Undesignated Public Forests\, where property rights are poorly enforced\, but not for Protected Areas\, where land use rules are clearer. In an alternative empirical design that explores within municipality variation across Undesignated Public Forests and Protected Areas\, we obtain similar results. Using data on self-declared ownership and cattle raising\, we provide evidence that land grabbing for speculatory purposes is likely the key factor behind the increase in deforestation.\n  \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/deforestation-as-an-option-land-grabbing-in-the-brazilian-amazon/
LOCATION:15.1.39
CATEGORIES:Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Rodrigo-Soares-e1784018949881.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260929T124500
DTEND;TZID=Europe/Helsinki:20260929T140000
DTSTAMP:20260715T232039
CREATED:20260714T091142Z
LAST-MODIFIED:20260714T091142Z
UID:10624-1790685900-1790690400@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Helene Mass\n(University of Vienna)\n  \n“TBA”\n  \nFace to Face 15.2.71  –  Room Seminar 15.1.39
URL:https://economics.uc3m.es/event/tba-198/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-3-e1784020143225.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260930T124500
DTEND;TZID=Europe/Helsinki:20260930T140000
DTSTAMP:20260715T232039
CREATED:20260714T093626Z
LAST-MODIFIED:20260714T093626Z
UID:10630-1790772300-1790776800@economics.uc3m.es
SUMMARY:Tail Index Regression for Extremal Dependence" (joint work with Paulo M. M. Rodrigues from Banco de Portugal and NOVA School of Business and Economics)
DESCRIPTION:Yannick Hoga\n(Universität Duisburg-Essen)\n  \n“Tail Index Regression for Extremal Dependence” (joint work with Paulo M. M. Rodrigues from Banco de Portugal and NOVA School of Business and Economics)”\n\n\n Face to Face Room 15.2.71   –   Room 15.1.39
URL:https://economics.uc3m.es/event/tail-index-regression-for-extremal-dependence-joint-work-with-paulo-m-m-rodrigues-from-banco-de-portugal-and-nova-school-of-business-and-economics/
LOCATION:15.1.39
CATEGORIES:Econometrics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/images-1-e1784021258104.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20261001T124500
DTEND;TZID=Europe/Helsinki:20261001T140000
DTSTAMP:20260715T232039
CREATED:20260714T105434Z
LAST-MODIFIED:20260714T105434Z
UID:10640-1790858700-1790863200@economics.uc3m.es
SUMMARY:TBA
DESCRIPTION:Julian Neira\n(University of Exeter)\n  \n“TBA”\n  \n Face to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-199/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/unnamed-4-e1784026391761.jpg
END:VEVENT
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