A theory of front-line management
2022-09-27 12:45 - 14:00 (Europe/Helsinki) | 15.1.39
Alexander Frug
(Universitat Pompeu Fabra)

“A theory of front-line management” (joint with Daniel Bird)

Face-to-face seminar – Room 15.1.39

First generation elite: the role of school networks
2022-10-03 12:45 - 14:00 | 15.1.39
Emma Tominey
(University of York)

“First generation elite: the role of school networks”

Face-to-face seminar – Room 15.1.39

Mechanisms without transfers for fully biased agents
2022-10-04 12:45 - 14:00 | 15.1.39
Deniz Kattwinkel
(University College London)

“Mechanisms without transfers for fully biased agents” (with Axel Niemeyer, Justus Preusser and Alexander Winter)

Face-to-face seminar – Room 15.1.39

Do More School Resources Increase Learning Outcomes? Evidence from an Extended School-Day Reform
2022-10-05 12:45 - 14:00 | 15.1.39
Jorge Aguero
(University of Connecticut)

“Do More School Resources Increase Learning Outcomes? Evidence from an Extended School-Day Reform” (with Marta Favara, Alex Sánchez and Catherine)

Face-to-face seminar – Room 15.1.39

Growth, Housing, and Global Imbalances
2022-10-06 12:45 - 14:00 | 15.1.39
Luis Franjo
(University of Alicante)

“Growth, Housing, and Global Imbalances”

Face-to-face seminar – Room 15.1.39

Partial retirement and spousal labor supply: learning from a retirement reform in Norway
2022-10-10 12:45 - 14:00 | 15.1.39
Elena Stancanelli
(Paris School of Economics)

“Partial retirement and spousal labor supply: learning from a retirement reform in Norway” (with Bernt Bratsberg)

Face-to-face seminar – Room 15.1.39

Optimal intermediary test-design
2022-10-11 12:45 - 14:00 | 15.1.39
Zeinab Aboutalebi
(European University Institute)

“Optimal intermediary test-design“

Face-to-face seminar – Room 15.1.39

A Monetary-Fiscal Theory of Sudden Inflations
2022-10-13 12:45 - 14:00 | 15.1.39
Marco Bassetto
(Federal Reserve Bank of Minneapolis)

“A Monetary-Fiscal Theory of Sudden Inflations” joint with David Miller

Face-to-face seminar – Room 15.1.39

Specialised Courts and the Reporting of Intimate Partner Violence: Evidence from Spain
2022-10-17 12:45 - 14:15 | 15.1.39
Jorge García Hombrados
(Universidad Autónoma de Madrid)

“Specialised Courts and the Reporting of Intimate Partner Violence: Evidence from Spain” (with Marta Martínez Matute)

Face-to-face Seminar – Room 15.1.39

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies
2022-10-18 12:45 - 14:00 | 15.1.39
Barton Lee
(ETH Zurich)

“Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies” (with Gabriele Gratton)

Face-to-face seminar – Room 15.1.39

Systematic Monetary Policy and the Effects of Government Spending
2022-10-20 12:45 - 14:00 | 15.1.39
Lukas Hack
(University of Mannheim)

“Systematic Monetary Policy and the Effects of Government Spending”

Face-to-face seminar – Room 15.1.39

ICT and Student Learning
2022-10-24 12:45 - 14:15 | 15.1.39
Ghazala Azmat
(Sciences Po)

“ICT and Student Learning” (joint with Denis Fougere and Clemence Lobut)

Face-to-face Seminar – Room 15.1.39

Networking entrepreneurs: theory and evidence from a Pan-African RCT
2022-10-25 12:45 - 14:00 | 15.1.39
Fernando Vega-Redondo
(UC3M)

“Networking entrepreneurs: theory and evidence from a Pan-African RCT”

ABSTRACT: Can peer interaction foster entrepreneurship and innovation, even in large-scale environments? This question, which has substantial economic implications, is studied both empirically and theoretically. For the empirical part of the analysis, we have conducted an RCT involving almost 5,000 entrepreneurs from 49 African countries, where the treatment provides the possibility of interacting with peers in alternative ways/arms: face-to-face or virtually (i.e. with more or less “band width”), and under different degrees of diversity (local, national, or international). Two are the main findings: (a) There is a non-monotonic trade-off between peer diversity and band width: whereas interaction with low band width (i.e. virtual) requires high enough diversity to be effective, too much of it is detrimental. (b) Even when interaction is ineffective, network peer effects are always positive and strongly significant. While (a) suggests that some intermediate degree of peer diversity is needed for scalable interaction (only feasible if implemented virtually), (b) points to an apparent paradox: ineffective interaction is not due to weak peer influence. To shed light on this evidence, we develop a theory that is consistent with it and distinguishes between “constructive” and “disruptive” settings, depending on how positive and negative peer stimuli compare. When these notions are operationalized, we revisit the data and find that, as the theory predicts, only virtual interaction among peers of moderate diversity (same nationality) qualifies as constructive.

Face-to-face seminar – Room 15.1.39

Optimal minimum wages in spatial economies
2022-10-27 12:45 - 14:00 | 15.1.39
Gabriel Ahlfeldt
(London School of Economics)

“Optimal minimum wages in spatial economies”

Face-to-face seminar – Room 15.1.39

Overcoming empathy failures to reduce inequality: Experimental evidence from Colombia
2022-11-07 12:45 - 14:15 | 15.1.39
Sandra Polanía-Reyes
(University of Navarra)

“Overcoming empathy failures to reduce inequality: Experimental evidence from Colombia”

ABSTRACT

In recent years, Latin America and the Caribbean has faced a wave of six million migrants from Venezuela, three million of them entering Colombia. The migration crisis adds to the demographic shock stemming from internally displaced people (IDPs), former FARC combatants and paramilitaries rejoining civilian life. The urge to ensure basic welfare conditions for migrants is mediated by the challenge of integration into a society that sees them as outsiders.
Although prosocial behavior is understood as key for development, little is known about the role of prosocial behavior in the presence of conflict between groups and inequality. The effectiveness of prosocial behavior can be enhanced by three channels: ingroup member beliefs that outgroup members are willing and able to integrate, reductions in prejudice or increases in empathy. We implement a lab-in-the-field experiment with a representative sample in the main Colombian regions to measure the benefit of two 5-minute media interventions on prosocial behavior (i.e. altruism, trust, and preferences for redistribution) towards four groups: Venezuelan migrants, former combatants, internally displaced people and the very poor.
Unlike other similar edutainment interventions, ours are grounded on social psychology theory and evidence. Thus, the mechanism is not priming but actual information and learning to lower psychosocial barriers (beliefs, prejudice and empathy). We show that exposure to the media interventions humanizes FARC ex-combatants and IDPs, affecting both attitudes (e.g., support for inclusive policies) and prosocial behavior toward both groups. The robust effects of our intervention inform the policy design and thus accelerate the integration of the migrant population into their host communities.

Face-to-face Seminar – Room 15.1.39

Equal opportunities in school choice settings
2022-11-08 12:45 - 14:00 | 15.1.39
Umutcan Salman
(Université Libre de Bruxelles)

“Equal opportunities in school choice settings”

Face-to-face seminar – Room 15.1.39

Transforming Institutions - Labor Reallocation and Wage Growth in a Reunified Germany
2022-11-10 12:45 - 14:00 | 15.1.39
Sang Yoon Tim Lee
(Queen Mary University of London)

“Transforming Institutions – Labor Reallocation and Wage Growth in a Reunified Germany”

Face-to-face Seminar – Room 15.1.39

Binary Response Dynamic Panel Data Models with Switching State Dependence
2022-11-14 12:45 - 14:15 | 15.1.39
Eleni Aristodemou
(University of Cyprus)

“Binary Response Dynamic Panel Data Models with Switching State Dependence”

Abstract:
This paper studies identification in binary response dynamic panel data models with switching state dependence. Departing from the standard approach of modelling binary response dynamic panel data models, where last period’s choice enters as an additional regressor, this paper allows for switching dependence where current period’s decision depends on whether this period’s choice differs from last period’s choice. This form of correlation causes inertia in individual choices and is suitable for modeling cases where individuals face some form of high switching costs”. This contemporaneous effect in choices, where the choice an individual makes in the current period directly affects current period’s latent utility, results in the model being logically inconsistent, making the model both incomplete and incoherent, which might result in lack of point-identification.
Face-to-face Seminar – Room 15.1.39

Trade Credit and Financial Amplification
2022-11-17 12:45 - 14:00 | 15.1.39
Luigi Bocola
(Stanford)

“Trade Credit and Financial Amplification” (joint with G. Bornstein)

In most countries, suppliers of intermediate goods are also the main providers of short term financing to their customers via trade credit contracts. This paper builds a model where these inter-firm financial linkages arise endogenously and uses it to understand how trade credit responds to financial shocks and affects their propagation. In the model, trade credit is the outcome of a long-term contract between firms in a production line: downstream firms have incentives to repay their debt when the relationship with their supplier is valuable, and the higher is the value of such relationship the more trade credit the pair can sustain. In addition, production lines that can sustain more trade credit are better able to smooth the impact of financial shocks, provided that suppliers have enough borrowing capacity themselves. Using Italian data, we show that the model can rationalize the observed differences across industries in trade credit and in their performance during the Great Recession.
Face-to-face Seminar – Room 15.1.39

Monetary Policy, Economic Uncertainty, and R&D expenditure
2022-11-21 12:45 - 14:00 | 15.1.39
Morteza Ghomi
(UC3M)

“Monetary Policy, Economic Uncertainty, and R&D expenditure”

Face-to-face Seminar – Room 15.1.39

Exit strategies from Quantitative Easing: the role of the fiscal-monetary policy mix
2022-11-23 12:45 - 14:00 | 15.1.39
Florencia S. Airaudo
(UC3M)

“Exit strategies from Quantitative Easing: the role of the fiscal-monetary policy mix”

Face-to-face Seminar – Room 15.1.39

Which Side are You On? Interest Groups and Relational Contracts
2022-11-23 15:00 - 16:15 | 15.1.03
Álvaro Delgado-Vega
(UC3M)

“Which Side are You On? Interest Groups and Relational Contracts”

Face-to-face Seminar – Room 15.1.03

PhD Student Workshop - Econometrics Session
2022-11-24 09:15 - 13:30 | 15.1.03 & 15.1.39
Econometrics Session

Chair: Juan Carlos Escanciano

ROOM 15.1.03
09:15-09:35 – Andrey Ramos – On the association between a panel of temperatures and CO2.
09:35-09:50 – Alejandro Puerta – TBA.
09:50-10:10 – Joan Alegre – Locally Robust Inference for Models with Unobserved Heterogeneity.
10:10-10:30 – Facundo Argañaraz – On the Existence of Locally Robust Moments For Inference with Applications to Models with Unobserved Heterogeneity.

COFFE BREAK: 10:30 (Common Room 15.1.47)

ROOM 15.1.39
12:30-13:00 – Joël Terschuur – Debiased Machine Learning Inequality of Opportunity in Europe.
13:00-13:30 – Antonio Raiola – A Pearson Test for Conditional Moment Restrictions.

PhD Student Workshop - Macroeconomics Session
2022-11-24 11:00 - 12:40 | 15.1.03
Macroeconomics Session

Chair: Felix Wellschmied

ROOM 15.1.03
11:00 -11:20 – Anastasios Koufakis – The Changing Age-Occupation Profile of Spain’s Wealth top 10%: Financial Frictions and Young Entrepreneurs.
11:20 -11:35 – Sofía Sánchez – Liquidity kills you fast: the transmission of monetary policy.
11:45 -12:05 – Alvaro Jañez – Inequality, Production Organization, and Labor Market Power.
12:05 -12:25 – Oscar Jaulín – Monetary Policy Tightening and Depreciation: The case of Brazil
12:25-12:40 – Serkan Kocabas – Carbon Policy and Investment: Evidence from Firm Heterogeneity.

LUNCH: 13:45 (Common Room 15.1.47)

Raise your voice! Activism and peer effects in online social networks
2022-11-28 12:45 - 14:00 | 15.1.39
Alejandra Agustina Martínez
(UC3M)

“Raise your voice! Activism and peer effects in online social networks”

Face-to-face Seminar – Room 15.1.39

The Impact of Inheritance and Gift Taxes on Wealth Mobility: Evidence from Spain
2022-11-28 15:00 - 16:15 | 15.1.01
Isabel Micó-Millán
(UC3M)

“The Impact of Inheritance and Gift Taxes on Wealth Mobility: Evidence from Spain”

Face-to-face seminar – Room 15.1.01

Factor Misallocation and High-Growth Firms in Spain
2022-11-29 12:45 - 14:00 | 15.1.39
Fernando Riveiro
(UC3M)

“Factor Misallocation and High-Growth Firms in Spain”

Face-to-face Seminar – Room 15.1.39

A Quantitative Theory of the New Life-Cycle of Women’s Employment
2022-11-29 15:00 - 16:15 | 15.1.01
Lidia Cruces
(UC3M)

“A Quantitative Theory of the New Life-Cycle of Women’s Employment”

Face-to-face Seminar – Room 15.1.01

The determinants of counterfactual identification in the binary choice model with endogenous regressors
2022-12-01 12:45 - 14:00 | 15.1.39
Telmo Pérez
(UC3M)

“The determinants of counterfactual identification in the binary choice model with endogenous regressors”

Face-to-face Seminar – Room 15.1.39

From bricklayers to waiters: Reallocation in a deep recession
2022-12-01 15:00 - 16:15 | 15.0.04
Henry Redondo Gomez
(UC3M)

“From bricklayers to waiters: Reallocation in a deep recession”

Face-to-face Seminar – Room 15.0.04
