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X-WR-CALDESC:Events for Department of Economics Universidad Carlos III
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BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260629T124500
DTEND;TZID=Europe/Helsinki:20260629T140000
DTSTAMP:20260713T142920
CREATED:20260617T131050Z
LAST-MODIFIED:20260618T073608Z
UID:10506-1782737100-1782741600@economics.uc3m.es
SUMMARY:Aftermarket Deterrence in Essential Input Auctions
DESCRIPTION:Sebastian Bauer\n(Stanford University)\n  \n“Aftermarket Deterrence in Essential Input Auctions”\n  \nFace to Face 15.2.71  –  Room 15.1.39
URL:https://economics.uc3m.es/event/tba-187/
LOCATION:15.1.39
CATEGORIES:Micro-Applied Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/01/Sebastian-Bauer-e1768227153236.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260723T004500
DTEND;TZID=Europe/Helsinki:20260723T140000
DTSTAMP:20260713T142920
CREATED:20260701T084706Z
LAST-MODIFIED:20260713T073626Z
UID:10564-1784767500-1784815200@economics.uc3m.es
SUMMARY:Networks and Norms  (joint with Matteo Marsili\, Intentional Center of Theoretical Physics\, Trieste)
DESCRIPTION:Fernando Vega\n(Chinese University of Hong Kong)\n  \n“Networks and Norms (joint with Matteo Marsili\, Intentional Center of Theoretical Physics\, Trieste)”\nABSTRACT: The co-evolution of social networks and social norms gives rise to a wide range of dynamic behavior. For\, as our model highlights\, networks not only support the rise of new norms but also tend to block significant changes in established ones. This is why history often shows that\, before prevailing norms can be dislodged\, incumbent networks must erode. Over time\, therefore\, the evolution of norms tends to display long phases of slow change\, sporadically punctuated by short periods of fast network adjustment in which new norms arise and then gain a robust foothold. Our theoretical framework\, by accommodating different time scales\, sheds light of how such a rise and fall of norms and networks unfold.\n  \n Room 15.1.39
URL:https://economics.uc3m.es/event/networks-and-norms/
LOCATION:15.1.39
CATEGORIES:Microeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2026/07/Fernando-Vega-2-e1782896515649.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20260909T004500
DTEND;TZID=Europe/Helsinki:20260909T140000
DTSTAMP:20260713T142920
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:20260713T142920
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:20260713T142920
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:20260713T142920
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:20260713T142920
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:20260713T142920
CREATED:20260713T115544Z
LAST-MODIFIED:20260713T115544Z
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
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