BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Department of Economics Universidad Carlos III - ECPv6.15.19//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
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
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20210328T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20211031T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20220327T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20221030T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20230326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20231029T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20221110T124500
DTEND;TZID=Europe/Helsinki:20221110T140000
DTSTAMP:20260417T093437
CREATED:20221010T095247Z
LAST-MODIFIED:20221027T102023Z
UID:6389-1668084300-1668088800@economics.uc3m.es
SUMMARY:Transforming Institutions - Labor Reallocation and Wage Growth in a Reunified Germany
DESCRIPTION:Sang Yoon Tim Lee\n(Queen Mary University of London)\n  \n“Transforming Institutions – Labor Reallocation and Wage Growth in a Reunified Germany”\n  \nFace-to-face Seminar – Room 15.1.39
URL:https://economics.uc3m.es/event/sang-yoon-tim-lee/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2022/10/BR1A9234-min-e1665395428627.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20221117T124500
DTEND;TZID=Europe/Helsinki:20221117T140000
DTSTAMP:20260417T093437
CREATED:20221010T101556Z
LAST-MODIFIED:20221109T131830Z
UID:6400-1668689100-1668693600@economics.uc3m.es
SUMMARY:Trade Credit and Financial Amplification
DESCRIPTION:Luigi Bocola\n(Stanford)\n  \n“Trade Credit and Financial Amplification” (joint with G. Bornstein)\n\nIn 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.  \nFace-to-face Seminar – Room 15.1.39
URL:https://economics.uc3m.es/event/luigi-bocola/
LOCATION:15.1.39
CATEGORIES:Macroeconomics Seminar
ATTACH;FMTTYPE=image/jpeg:https://economics.uc3m.es/wp-content/uploads/2022/10/bocola-web_0-e1665396944913.jpg
END:VEVENT
END:VCALENDAR