EEA-ESEM 2008 Milan: Congress Programme Wednesday August 27
The Congress Programme is subject to last minute changes.
This version of the Programme was viewed at 12/07/2008 19:59:34
WEDNESDAY 27 AUGUST 2008
| 09:00 - 15:00 | REGISTRATION |
| 15:00 - 16:30 |
CONTRIBUTED SESSIONS 1A EEA
CONTRIBUTED SESSIONS 1A ESEM: TAE CONTRIBUTED SESSIONS 1A ESEM: EEE |
| 16:30 - 16:45 | BREAK |
| 16:45 - 17:45 |
CONTRIBUTED SESSIONS 1B EEA
CONTRIBUTED SESSIONS 1B ESEM: TAE CONTRIBUTED SESSIONS 1B ESEM: EEE |
| 17:45 - 18:15 | COFFEE BREAK |
| 18:15 - 19:30 | FISHER SHULTZ LECTURE |
| 20:00 - 22:00 | WELCOME PARTY |
| 09:00 - 15:00 | REGISTRATION |
| 15:00 - 16:30 |
CONTRIBUTED SESSIONS 1A
EEA |
| 15:00 - 16:30 |
DECISION MAKING A (EEA)
Chairperson: Karl Schlag, European University Institute |
Room N10 |
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IRRATIONALITY-PROOFNESS
Michael Mandler, Royal Holloway University of London |
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IMITATION AND THE EVOLUTION OF WALRASIAN
BEHAVIOR: THEORETICALLY FRAGILE BUT BEHAVIORALLY
ROBUST
Simon Weidenholzer, University of Vienna Co-Authors: Jose Apesteguia, Universitat Pompeu Fabra, Steffen Huck, University College London and Jörg Oechssler, Universität Heidelberg |
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SOCIAL PREFERENCES IN COMPETITIVE MARKETS
Frank Riedel, Bielefeld University Co-Author: Paul Heidhues, University of Bonn |
| 15:00 - 16:30 |
CORPORATE GOVERNANCE A (EEA)
Chairperson: Alexander Wagner, University of Zurich |
Room N11 |
|
DIVIDE AND PRIVATIZE: FIRMS BREAK-UP AND PERFORMANCE
Evzen Kocenda, Charles University, CERGE Co-Author: Jan Hanousek, Charles University, CERGE |
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COMPLIANCE INSUFFICIENCY IN CORPORATE GOVERNANCE AND THE ROLE OF FINANCIAL MEDIA
Weihua Huang, MAASTRICHT UNIVERSITY Co-Author: Daniel Danau, Institute for Advanced Study, School of Social Science, Princeton |
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SOCIAL CAPITAL AND THE VIABILITY OF NONPROFIT FIRMS:
EVIDENCE FROM NORWEGIAN SAVINGS BANKS
Bent Vale, Norges Bank Co-Authors: Charlotte Østergaard, Norwegian School of management and Ibolya Schindele, Norwegian School of Management |
| 15:00 - 16:30 |
BANKING: COMPETITION AND INTERNATIONALIZATION A (EEA)
Chairperson: Ana Fernandes, University of Bern |
Room N12 |
|
BANKS' INTERNATIONALIZATION STRATEGIES: THE ROLE OF BANK CAPITAL REGULATION
Diemo Dietrich, Halle Institute for Economic Research Co-Author: Uwe Vollmer, University of Leipzig |
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LOCATION DECISIONS OF FOREIGN BANKS AND INSTITUTIONAL COMPETITIVE ADVANTAGE
Neeltje van Horen, Dutch Central Bank, University of Amsterdam Co-Author: Stijn Claessens, International Monetary Fund |
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ENTRY MODE CHOICES OF MULTINATIONAL BANKS
Maria Lehner, LMU Munich |
| 15:00 - 16:30 |
BEHAVIORAL ECONOMICS II A (EEA)
Chairperson: Reinhard Neck, Klagenfurt University |
Room N13 |
|
ARE EXPECTATIONS FORMED BY THE ANCHORING-AND-ADJUSTMENT HEURISTIC? AN EXPERIMENTAL INVESTIGATION
Michael Roos, Technische Universität Dortmund Co-Author: Wolfgang Luhan, University of Oldenburg |
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RATIONAL OVERCONFIDENCE AND SOCIAL SECURITY
Carsten Nielsen, Universita Cattolica |
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WHY VOTES HAVE A VALUE
Lydia Mechtenberg, Technical University of Berlin Co-Authors: Ingolf Dittmann, Erasmus University Rotterdam, Dorothea Kübler, Technical University of Berlin and Ernst Maug, University of Mannheim |
| 15:00 - 16:30 |
CONTRACT THEORY I A (EEA)
Chairperson: Alexander Stremitzer, University of Bonn |
Room N14 |
|
JACKPOT JUSTICE: THE VALUE OF INEFFICIENT LITIGATION
Jun Zhou, CentER, Tilburg University |
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CONTRACTING STILL MATTERS! A CONTRACTUAL SOLUTION TO THE HOLD-UP PROBLEM UNDER POSITIVE CROSS EFFECTS.
Stephan Meisenzahl, Dep. of Economics, Philipps-Universität Marburg Co-Author: Evelyn Korn, Philipps Universität Marburg |
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WILLIAMSON MEETS HART: HAGGLING COSTS AND INCOMPLETE CONTRACTS
Pablo Casas-Arce, Universitat Pompeu Fabra Co-Author: Thomas Kittsteiner, London School of Economics |
| 15:00 - 16:30 |
CRIME AND CORRUPTION A (EEA)
Chairperson: Battista Severgnini, Humboldt University Berlin |
Room N15 |
|
JUDICIAL ERRORS AND INNOVATIVE ACTIVITY
Michele Polo, Università Bocconi Co-Author: Giovanni Immordino, university of Salerno and CSEF |
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OPTIMAL LAW ENFORCEMENT AND WELFARE IN THE PRESENCE OF ORGANIZED CRIME
Jenni Pääkkönen, University of Helsinki |
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DO IMMIGRANTS CAUSE CRIME?
Paolo Buonanno, University of Bergamo Co-Authors: Milo Bianchi, Paris School of Economics and Paolo Pinotti, Bank of Italy |
| 15:00 - 16:30 |
UNIONS A (EEA)
Chairperson: Daniele Checchi, University of Milan |
Room N16 |
|
RISK AVERSION AND TRADE UNION MEMBERSHIP
Markus Pannenberg, DIW Berlin & University of Applied Sciences Bielefeld |
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A TALE OF TWO COUNTRIES: - UNIONS, CLOSURES AND GROWTH IN BRITAIN AND NORWAY
Harald Dale-Olsen, Institute for Social Research Co-Author: Alex Bryson, Policy Studies Institute |
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TRADE UNIONS GO GLOBAL!
Alejandro Donado Gomez, University of Würzburg Co-Author: Klaus Wälde, University of Glasgow |
| 15:00 - 16:30 |
TAX AND SOCIAL SECURITY COMPETITION A (EEA)
Chairperson: Nadine Riedel, University of Munich |
Room N17 |
|
ARE SOCIAL WELFARE STATES FACING A RACE TO THE BOTTOM? A THEORETICAL PERSPECTIVE.
Bert Vanbergen, Faculty of Economics and Business Administration, UGent, Belgium Co-Author: Glenn Rayp, Faculty of Economics and Business Administration, UGent, Belgium |
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OUTSOURCING, UNEMPLOYMENT AND WELFARE POLICY
Christian Keuschnigg, University of St. Gallen, IFF-HSG Co-Author: Evelyn Ribi, University of St. Gallen, IFF-HSG |
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DID THE SINGLE MARKET CAUSE COMPETITION IN
EXCISE TAXES? EVIDENCE FROM EU COUNTRIES
Giuseppe Migali, Lancaster University Co-Author: Ben Lockwood, University of Warwick |
| 15:00 - 16:30 |
PUBLIC GOODS A (EEA)
Chairperson: John Hatfield, Stanford University, Grad Sch of Business |
Room N18 |
|
PUBLIC GOODS, SOCIAL NORMS AND NAIVE BELIEFS
Amrish Patel, University of Kent, Economics Department Co-Author: Edward Cartwright, University of Kent, Economics Department |
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INEQUALITY AND A REPEATED JOINT PROJECT
Olivier Dagnelie, Instituto de Análisis Económico CSIC |
| 15:00 - 16:30 |
PREDICTING MONETARY POLICY AND THE EFFECTS OF SHORT-TERM PRICES A (EEA)
Chairperson: Kleopatra Nikolaou, European Central Bank |
Room N19 |
|
PREDICTING THE FED'S TARGET RATE DECISIONS
Heikki Kauppi, University of Turku |
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HAS MONETARY POLICY BECOME MORE PREDICTABLE OVER TIME? EVIDENCE FROM BANK LENDING RATES
Johann Scharler Scharler, University of Linz Co-Author: Claudia Kwapil, Oesterreichsiche Nationalbank |
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CONTROLLABILITY AND PERSISTENCE OF MONEY MARKET RATES ALONG THE YIELD CURVE: EVIDENCE FROM THE EURO AREA
Ulrike Busch, Goethe University Frankfurt Co-Author: Dieter Nautz, Goethe University Frankfurt |
| 15:00 - 16:30 |
MIGRATION: EARINGS A (EEA)
Chairperson: Holger Stichnoth, Paris School of Economics |
Room N20 |
|
WHY DOESN'T LABOR FLOW FROM POOR TO RICH COUNTRIES? MICRO EVIDENCE FROM THE EUROPEAN INTEGRATION EXPERIENCE
Catia Batista, University of Oxford |
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REMITTANCES AND TEMPORARY MIGRATION
Josep Mestres-Domènech, UCL and CReAM Co-Author: Christian Dustmann, UCL & CReAM |
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THE RISK OF BEING ILLEGAL: CONSUMPTION, SAVING AND REMITTANCE BEHAVIOUR OF UNDOCUMENTED MIGRANTS
Biagio Speciale, CReAM, University College London Co-Author: Francesco Fasani, UCL (University College London) and CReAM - Centre for Reasearch and Analysis of Migration |
| 15:00 - 16:30 |
LABOR MARKETS: CAREER, WAGES AND EMPLOYMENT A (EEA)
Chairperson: Roger Bandick, Aarhus School of Business, Department of Economics |
Room N21 |
|
THE RETURNS TO FIRM-PROVIDED TRAINING ON WAGES AND EMPLOYMENT DURATION:EVIDENCE FROM FRANCE, 1998-2000
Bénédicte Rouland, University of Le Mans (France) Co-Author: Arnaud Chéron, University of Le Mans (GAINS) and EDHEC |
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ADVERSE ECONOMIC CONDITIONS AT LABOUR MARKET ENTRY: PERMANENT SCARS OR RAPID CATCH-UP?
Katrien Stevens, University College London |
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THE EMPLOYMENT CONSEQUENCES OF SENIORITY WAGES – A TEST OF THE DEFERRED COMPENSATION HYPOTHESIS
Thomas Zwick, Centre for European Economic Research |
| 15:00 - 16:30 |
MONETARY AND FISCAL POLICY: THEORY A (EEA)
Chairperson: Pooyan Amir Ahmadi, Humboldt University Berlin |
Room N22 |
|
TAYLOR RULES CAUSE FISCAL POLICY INEFFECTIVENESS
Neil Rankin, University of Warwick Co-Author: Guido Ascari, Universita degli Studi di Pavia |
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CAN CHEATING POLICYMAKERS PREVENT POLICYMAKERS FROM CHEATING? -
DIXIT-LAMBERTINI (JIE, 2003), INFLATIONARY BIAS, FISCAL POLICY AND EXPROPRIATION
Frank Bohn, Radboud University Nijmegen |
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LONG-RUN MONETARY AND FISCAL POLICY TRADE-OFF IN AN ENDOGENOUS GROWTH MODEL WITH TRANSACTION COSTS
Alexandru Minea, University of Orleans Co-Author: PATRICK VILLIEU, University of Orleans |
| 15:00 - 16:30 |
INTERNATIONAL TRADE A (EEA)
Chairperson: Balazs Murakozy, IE-HAS, CEU |
Room N23 |
|
INCOME EFFECTS IN THE THEORY OF MONOPOLISTIC COMPETITION AND INTERNATIONAL TRADE
Christian Hepenstrick, Institute for Empirical Research in Economics, University of Zurich Co-Authors: Reto Foellmi, University of Bern and Josef Zweimüller, University of Zurich |
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HEDGING PRICE VOLATILITY USING FAST TRANSPORT
Georg Schaur, The University of Tennessee |
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|
DELAYING THE TIMING OF OFFSHORING LOW-SKILLED TASKS
Felipa de Mello-Sampayo, ISCTE Co-Authors: Francisco Camoes, ISCTE and Sofia de Sousa-Vale, ISCTE |
| 15:00 - 16:30 |
IO: ELECTRICITY AND ENERGY A (EEA)
Chairperson: Phu Nguyen Van, THEMA-CNRS, Universite de Cergy-Pontoise |
Room N24 |
|
IMPERFECTLY COMPETITIVE CONTRACT MARKETS FOR ELECTRICITY
Anna Creti, Bocconi University IEFE Co-Authors: Monica Bonacina , University of Pavia and IEFE and Federica Manca, AGCM |
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MARKET POWER AND STORAGE: EVIDENCE FROM HYDRO USE IN THE NORDIC POWER MARKET
Olli Kauppi, Helsinki School of Economics Co-Author: Matti Liski, Helsinki School of Economics |
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THE EFFICIENT PUBLIC OWNER OF A UTILITY: TOO MANY TO BE TRUE?
Dag Morten Dalen, BI Norwegian School of Management Co-Author: Thor Erik Grammeltvedt, NVE |
| 15:00 - 16:30 |
INTERNATIONAL BUSINESS CYCLES A (EEA)
Chairperson: Alessandro Barattieri, Boston College |
Room N25 |
|
TECHNOLOGY SHOCKS: NOVEL IMPLICATIONS FOR INTERNATIONAL BUSINESS CYCLES
Andrea Raffo, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM |
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THE REAL EXCHANGE RATE IN STICKY PRICEMODELS: DOES
INVESTMENT MATTER?
Jens Sondergaard, Bank of England Co-Author: Martinez-Garcia Enrique, Federal Reserve Bank of Dallas |
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THE EURO AND GERMANY'S EARLY MILLENNIUM DEPRESSION: A COUNTERFACTUAL EXPERIMENT
Zeno Enders, University of Bonn Co-Authors: Philip Jung, University of Mannheim and Gernot Müller, Goethe University Frankfurt |
| 15:00 - 16:30 |
FISCAL POLICY AND INCOME DISTRIBUTION A (EEA)
Chairperson: Justina Fischer, Stockholm School of Economics |
Room N26 |
|
FISCAL POLICY, COMPOSITION OF INTERGENERATIONAL TRANSFERS, AND INCOME DISTRIBUTION
Jordi Caballé, Uiversitat Autònoma de Barcelona Co-Authors: Jaime Alonso-Carrera, Universidade de Vigo and Xavier Raurich, University of Barcelona |
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FISCAL POLICIES AND THE NOTION OF SOCIAL STATUS
Boncinelli Leonardo, University of Florence Co-Author: Ennio Bilancini, University of Siena |
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UNINSURED ENTREPRENEURIAL RISK AND PUBLIC DEBT POLICIES
Sumudu Kankanamge, Paris School of Economics (Paris I) |
| 15:00 - 16:30 |
FORECASTING AND BAYESIAN ANALYSIS A (EEA)
Chairperson: Simon van Norden, HEC Montréal |
Room N27 |
|
NOWCASTING NORWEGIAN GDP: THE ROLE OF ASSET PRICES IN A SMALL OPEN ECONOMY
Knut Are Aastveit, University of Oslo Co-Author: Tørres G. Trovik, Norges Bank |
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LARGE BAYESIAN VARS
Domenico Giannone, European Central Bank Co-Authors: Marta Banbura, European Central Bank and Lucrezia Reichlin, European Central Bank |
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FORMING PRIORS FOR DSGE MODELS (AND HOW IT AFFECTS THE ASSESSMENT OF NOMINAL RIGIDITIES)
Marco Del Negro, FRB New York Co-Author: Frank Schorfeide, University of Pennsylvania |
| 15:00 - 16:30 |
EDUCATION: FINANCE AND MANAGEMENT A (EEA)
Chairperson: Elena Del Rey, University of Girona |
Room N28 |
|
FEDERALISM, FERTILITY AND GROWTH
Rainald Borck, University of Munich |
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TAXES, TUITION FEES AND EDUCATION FOR PLEASURE
Søren Bo Nielsen, Copenhagen Business School Co-Authors: Nikolaj Malchow-Møller, CEBR, Copenhagen and Jan Rose Skaksen, Copenhagen Business School |
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EDUCATIONAL FEDERALISM: DO TUITION FEES IMPROVE QUALITY OF UNIVERSITIES AND THE NUMBER OF STUDENTS?
Malte Huebner, Universitaet Mannheim |
| 15:00 - 16:30 |
FDI AND MULTINATIONAL FIRMS A (EEA)
Chairperson: Amrita Ray Chaudhuri, Tilbrug University |
Room N29 |
|
DYNAMIC EFFECTS OF FOREIGN DIRECT INVESTMENT UNDER CREDIT MARKET IMPERFECTIONS
Julia Kubny, German Development Institute, Bonn Co-Author: Thomas Gall, University of Bonn |
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THE SPATIAL PATTERN OF FDI
Pamela Bombarda, The Graduate Institute |
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THE IMPACT OF INWARD FDI AND FOREIGN OWNERSHIP ON THE PERFORMANCE OF GERMAN MULTINATIONAL FIRMS
Anselm Mattes, IAW Tübingen Co-Author: Christian Arndt, IAW Tübingen |
| 15:00 - 16:30 |
PATENTS AND INNOVATION A (EEA)
Chairperson: Alfonso Gambardella, Università Bocconi |
Room N30 |
|
RENEWAL OF PATENTS AND GOVERNMENT FINANCING
Roger Svensson, Research Institute of Industrial Economics |
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THE EFFECT OF GOVERNMENT FUNDING ON PRIVATE R&D: EVIDENCE FROM THE FINNISH R&D SUPPORT PROGRAM
Elias Einio, University of Helsinki |
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INVENTORS AND IMPOSTORS: AN ECONOMIC ANALYSIS OF PATENT EXAMINATION
Florian Schuett, Toulouse School of Economics - GREMAQ |
| 15:00 - 16:30 |
MONETARY POLICY DESIGN A (EEA)
Chairperson: Michele Lenza, European Central Bank |
Room N31 |
|
MONETARY POLICY UNCERTAINTY AND MACROECONOMIC PERFORMANCE: AN EXTENDED NON-BAYESIAN FRAMEWORK
Daniel Laskar, PSE-CEPREMAP |
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DELAYED DOVES: MPC VOTING BEHAVIOUR OF EXTERNALS
Michael McMahon, London School of Economics Co-Author: Stephen Hansen, LSE |
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THE OPTIMAL DESIGN OF THE LENDER OF LAST RESORT POLICY: BACK TO BAGEHOT
Jorge Ponce, Toulouse School of Economics |
| 15:00 - 16:30 |
CONTRIBUTED SESSIONS 1A
ESEM: Theoretical and Applied Economics |
| 15:00 - 16:30 |
MONETARY POLICY (A) (ESEM TAE)
Chairperson: Chryssi Giannitsarou, University of Cambridge |
Room A |
|
STOCK PRICES AND MONETARY POLICY SHOCKS: A GENERAL EQUILIBRIUM APPROACH
Chryssi Giannitsarou, University of Cambridge Co-Author: Edouard Challe, University of Paris-Dauphine |
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MARKUPS AND INVENTORIES IN GENERAL EQUILIBRIUM (S,S) MODEL
Oleksiy Kryvtsov, Bank of Canada Co-Author: Virgiliu Midrigan, New York University |
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OPTIMAL TAXATION IN A MONETARY SEARCH MODEL WITH
INFORMAL MARKETS
Adrian PeraltaAlva, Federal Reserve Bank of St Louis Co-Author: Pere Gomis-Porqueras, University of Miami |
| 15:00 - 16:30 |
CONTRACT THEORY 2(A) (ESEM TAE)
Chairperson: Roland Strausz, Humboldt University Berlin |
Room B |
|
IMPLEMENTATION ERRORS AND INFORMATION ACQUISITION IN PUBLIC PROCUREMENT
Roland Strausz, Humboldt University Berlin Co-Author: Daniel Krähmer, Free University of Berlin |
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OPTIMAL IPO DESIGN WITH INFORMED TRADING
Fabrice Rousseau, National University Of Ireland, Maynooth Co-Author: Sarah Parlane, University College Dublin |
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CONTRACTING IN THE SHADOW OF THE LAW
Surajeet Chakravarty, University of Exeter Co-Author: Bentley Macleod, Columbia University |
| 15:00 - 16:30 |
APPLIED INDUSTRIAL ORGANISATION(A) (ESEM TAE)
Chairperson: Jens Prüfer, Tilburg University |
Room C |
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COMPETITION AND MERGERS AMONG NONPROFITS
Jens Prüfer, Tilburg University |
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VOLUNTARY CENSORSHIP IN COMMERCIAL MEDIA
Fabrizio Germano, UNIVERSITAT POMPEU FABRA Co-Author: Martin Meier, Instituto de Analisis Economico, Barcelona |
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THE STRUCTURE OF HOUSING IN URBAN SETTLEMENTS
Theis Theisen, University of Agder |
| 15:00 - 16:30 |
INTERNATIONAL FINANCE (A) (ESEM TAE)
Chairperson: Fabio Ghironi, Boston College |
Room D |
|
THE VALUATION CHANNEL OF EXTERNAL ADJUSTMENT
Fabio Ghironi, Boston College Co-Authors: Jaewoo Lee, International Monetary Fund and Alessandro Rebucci, IMF, Research Dept |
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CAN AMBIGUITY AVERSION EXPLAIN THE EQUITY HOME BIAS?
Kirabaeva Kirabaeva, Cornell University |
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OUT-OF-EQUILIBRIUM DYNAMICS
OF INTERNATIONAL TRADES WITH RISK-NEUTRAL EXPECTATIONS
Celine Rochon, University of Oxford - Said Business School Co-Author: Gael Giraud, university of Paris 1 |
| 15:00 - 16:30 |
INTERNATIONAL TRADE: GROWTH (A) (ESEM TAE)
Chairperson: Juergen Meckl, Justus-Liebig University Giessen |
Room E |
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AGGREGATE PRODUCTIVITY, HUMAN-CAPITAL INVESTMENT, AND TRADE
Juergen Meckl, Justus-Liebig University Giessen |
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ON THE GROWTH EFFECTS OF NORTH-SOUTH TRADE: RECONSIDERING THE ROLE OF LABOR MARKET FLEXIBILITY
Wolf-Heimo Grieben, University of Konstanz Co-Author: Fuat Şener, Union College |
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MARKET IMPERFECTIONS, WEALTH INEQUALITY, AND THE DISTRIBUTION OF TRADE GAINS
Reto Foellmi, University of Bern Co-Author: Manuel Oechslin, MIT |
| 15:00 - 16:30 |
UNEMPLOYMENT POLICY (ESEM TAE)
Chairperson: Francois Fontaine, BETA - CNRS, Universite de Strasbourg |
Room 11 |
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A STRUCTURAL MODEL OF UNEMPLOYMENT INSURANCE TAKE-UP
Francois Fontaine, BETA - CNRS, Universite de Strasbourg Co-Author: sylvie blasco, Crest |
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TRAINING AND SEARCH DURING UNEMPLOYMENT
Johannes Spinnewijn, Massachusetts Institute of Technology |
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OPTIMAL REDISTRIBUTION WITH UNOBSERVABLE DISABILITY: WELFARIST VERSUS NON-WELFARIST SOCIAL OBJECTIVES
Maria Racionero, School of Economics, The Australian National University Co-Author: Pierre Pestieau, CREPP, University of Liege, CORE, PSE and CEPR |
| 15:00 - 16:30 |
ECONOMIC THEORY 1 (ESEM TAE)
Chairperson: Marek Weretka, University Of Wisconsin Madison |
Room 12 |
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COMPUTATION OF CONSISTENT PRICE INDICES
Sydney Afriat, University of Sienna |
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NONPARAMETRIC MONOTONE COMPARATIVE STATICS
Kai-Sun Kwong, Chinese University of Hong Kong |
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RATIONALIZABILITY IN GAMES WITH A CONTINUUM OF PLAYERS
Pedro Jara, DIM U de Chile |
| 15:00 - 16:30 |
ECONOMICS OF THE ENVIRONMENT(A) (ESEM TAE)
Chairperson: Thanasis Stengos, University of Guelph |
Room 13 |
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GROWTH AND CONVERGENCE IN AIR POLLUTION: EVIDENCE FROM A REDUCED FORM NONPARAMETRIC APPROACH.
Carlos Ordás Criado, University of Neuchâtel (irene) Co-Author: Thanasis Stengos, University of Guelph |
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MEASUREMENT OF HOUSEHOLD WELFARE:
INDIVIDUAL AND HOUSEHOLD WILLINGNESS TO PAY AND TO ACCEPT
Udo Ebert, University of Oldenburg |
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ARE POLLUTION PERMIT MARKETS HARMFUL FOR EMPLOYMENT ?
Nicolas Sanz, Université des Antilles et de la Guyane Co-Author: Sonia Schwartz, Université Paul Cézanne Aix Marseille III |
| 15:00 - 16:30 |
ASSET PRICING 2 (ESEM TAE)
Chairperson: Paul Ehling, BI Norwegian School of Management |
Room 14 |
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FINANCIAL MARKET COMPLETENESS IN MULTI-GOOD ECONOMIES
Paul Ehling, BI Norwegian School of Management Co-Author: Christian Heyerdahl-Larsen, BI Norwegian School of Management |
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THE DYNAMICS OF EFFICIENT ASSET TRADING WITH HETEROGENEOUS BELIEFS
Pablo Beker, University of Warwick Co-Author: Emilio Espino, Universidad Torcuato Di Tella |
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INTERTEMPORAL CONSUMPTION CHOICES, TRANSACTION COSTS AND LIMITED PARTICIPATION IN FINANCIAL MARKETS: RECONCILING DATA AND THEORY
Monica Paiella, University of Naples "Parthenope" Co-Author: Orazio Attanasio, University College London |
| 15:00 - 16:30 |
CONTRIBUTED SESSIONS 1A
ESEM: Econometrics and Empirical Economics |
| 15:00 - 16:30 |
FINANCIAL AND CREDIT MARKETS A (ESEM EEE)
Chairperson: Christin Kyrme Tuxen, Department of Economics, University of Copenhagen |
Room 15 |
|
BANK LENDING AND PERFORMANCE OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES:
EVIDENCE FROM BULGARIA, GEORGIA, RUSSIA AND UKRAINE
Karin Jõeveer, Keele University Co-Authors: Francesca Pissarides, and Jan Svejnar, |
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FINANCIAL INNOVATION AND THE PERSISTENCE OF THE EXTENSIVE MARGIN
Kim Huynh, Indiana University |
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EVIDENCE ON THE EXTERNAL FINANCE PREMIUM FROM THE US AND EMERGING ASIAN CORPORATE BOND MARKETS
Serafeim Tsoukas, University of Newcastle Co-Author: Paul Mizen, University of Nottingham |
| 15:00 - 16:30 |
EXPECTATIONS & LEARNING A (ESEM EEE)
Chairperson: Giulio Palomba, University Politecnica of Marche |
Room 21 |
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MODELING EXPECTATIONS WITH NONCAUSAL AUTOREGRESSIONS
Markku Lanne, University of Helsinki Co-Author: Pentti Saikkonen, University of Helsinki |
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RELIABILITY OF SCALES MEASURING ECONOMIC EXPECTATIONS
Anna Stangl, Ifo Institute for Economic Research |
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TIME-VARYING INFLATION EXPECTATIONS AND ECONOMIC FLUCTUATIONS
IN THE UNITED KINGDOM: A STRUCTURAL VAR ANALYSIS
Alina Barnett, University of Warwick Co-Authors: Jan J. J. Groen, Federal Reserve Bank of New York and Haroon Mumtaz, Bank of England |
| 15:00 - 16:30 |
APPLIED MACROECONOMETRICS A (ESEM EEE)
Chairperson: Jerome Hericourt, University of Paris 1 |
Room 22 |
|
A FUNCTIONAL COEFFICIENT MODEL VIEW OF THE FELDSTEIN-HORIOKA PUZZLE
Fang Xu, Christian-Albrechts-University of Kiel Co-Author: Helmut Herwartz, Christian-Albrechts-University of Kiel |
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CO-MOVEMENTS BETWEEN US AND UK STOCK PRICES: THE ROLES OF MACROECONOMIC INFORMATION AND TIME-VARYING CONDITIONAL CORRELATIONS
Nektarios Aslanidis, University Rovira Virgili, Department of Economics Co-Authors: Sensier Marianne, University of Manchester and Denise R. Osborn, University of Manchester |
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IS THERE REALLY A COST CHANNEL? EVIDENCE FROM US DATA
Vasco Gabriel, University of Surrey Co-Author: Luis Filipe Martins, ISCTE |
| 15:00 - 16:30 |
ARCH MODELS A (ESEM EEE)
Chairperson: Enno Mammen, Dept. of Economics, University of Mannheim |
Room 23 |
|
TESTING THE NULLITY OF GARCH COEFFICIENTS : CORRECTION OF THE STANDARD TESTS AND RELATIVE EFFICIENCY COMPARISONS
Christian Francq, Université Lille 3 Co-Author: Jean-Michel Zakoian, CREST and Lille 3 University |
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ASYMPTOTIC DISTRIBUTION-FREE MODEL CHECKS FOR ARMA-GARCH MODELS
Juan Carlos Escanciano, Indiana University |
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BOOTSTRAP REFINEMENTS FOR QML ESTIMATORS OF THE GARCH(1,1) PARAMETERS
Emma Iglesias, Michigan State University Co-Author: Valentina Corradi, Warwick |
| 15:00 - 16:30 |
COINTEGRATION A (ESEM EEE)
Chairperson: Franz Palm, Maastricht University |
Room 24 |
|
AUTOCORRELATION BASED TESTS
FOR VECTOR ERROR CORRECTION MODELS WITH
UNCORRELATED BUT NONINDEPENDENT ERRORS
HAMDI RAÏSSI, UNIVERSITE LILLE 3 |
||
|
TESTING FOR NONINVERTIBILITY AND COINTEGRATION IN VECTOR AUTOREGRESSIVE MOVING AVERAGE MODELS
Carlos Diaz, Universidad de Cantabria Co-Author: Jose L. Gallego, Universidad de Cantabria |
||
|
TESTING IN VECTOR AUTOREGRESSIONS WITH POSSIBLY SEASONALLY AND
NON-SEASONALLY (CO-)INTEGRATED PROCESSES
Stéphane Grégoir, EDHEC, Paris |
| 15:00 - 16:30 |
WEAK INSTRUMENTS A (ESEM EEE)
Chairperson: Whitney Newey, MIT |
Room 25 |
|
ROBUSTNESS OF THE 2SLS MOMENT APPROXIMATIONS
Gareth Liu-Evans, Cardiff University Co-Author: Garry Phillips, Cardiff University |
||
|
GMM OVERIDENTIFICATION TEST WITH FIRST ORDER
UNDERIDENTIFICATION
Prosper Dovonon, Universite de Montreal, Barclays Wealth Co-Author: Eric Renault, UNC at Chapel Hill, CIRANO and CIREQ |
||
|
EXOGENEITY TESTS AND WEAK-IDENTIFICATION
Firmin Doko Tchatoka, Université de Montréal, Département de Sciences Economiques Co-Author: JEAN-MARIE DUFOUR, McGill University |
| 15:00 - 16:30 |
PANEL DATA A (ESEM EEE)
Chairperson: Badi Baltagi, Syracuse University |
Room 31 |
|
IDENTIFYING DISTRIBUTIONAL CHARACTERISTICS IN RANDOM COEFFICIENTS PANEL DATA MODELS
Stéphane Bonhomme, CEMFI Co-Author: Manuel Arellano, CEMFI |
||
|
PANEL ESTIMATION OF STATE DEPENDENT ADJUSTMENT
WHEN THE TARGET IS UNOBSERVED.
MOMENT CONDITIONS AND AN APPLICATION TO SURVEY DATA
Ulf von Kalckreuth, Deutsche Bundesbank |
||
|
IXED VS. RANDOM EFFECTS PANEL DATA MODELS: REVISITING THE OMITTED LATENT VARIABLES AND HETEROGENEITY ARGUMENTS
Aris Spanos, Virginia Tech |
| 15:00 - 16:30 |
DEMAND THEORY (ESEM EEE)
Chairperson: Krishna Pendakur, Economics, Simon Fraser University |
Room 32 |
|
COMPARATIVE STATICS FOR INPUT DEMANDS IN IMPERFECTLY COMPETITIVE OUTPUT MARKETS
Bertrand Koebel, BETA, Université Louis Pasteur Co-Author: François Laisney, BETA, Université Louis Pasteur |
||
|
QUASILINEARITY, LINEARITY AND INDEX NUMBERS
Heikki Pursiainen, University of Helsinki |
||
|
THE SOCIAL COST OF LIVING: WELFARE FOUNDATIONS AND ESTIMATION
Krishna Pendakur, Economics, Simon Fraser University Co-Author: Thomas F. Crossley, Economics, University of Cambridge |
| 15:00 - 16:30 |
POVERTY & INEQUALITY A (ESEM EEE)
Chairperson: Ayal Kimhi, The Hebrew University |
Room 33 |
|
ENFRANCHISEMENT OF THE POOR AND THE PATTERN OF PUBLIC EXPENDITURES: EVIDENCE FROM BRAZIL'S CONSTITUTIONAL CHANGE
Carlos Eduardo Goncalves, Dept of Economics, University of Sao Paulo Co-Author: Adalberto Lima, University of Sao Paulo |
||
|
NONLINEAR DYNAMICS IN WELFARE AND THE EVOLUTION OF WORLD INEQUALITY
Marzia Romanelli, Economic Research Department - Banca d''Italia Co-Author: Davide Fiaschi, Department of Economics, University of Pisa |
||
|
COPING WITH VULNERABILITY
Sanghamitra Bandyopadhyay, London School of Economics & Oxford University Co-Author: Frank Cowell, Professor of Economics, LSE |
| 15:00 - 16:30 |
EXPERIMENTS A (ESEM EEE)
Chairperson: Pieter Gautier, VU university Amsterdam |
Room 34 |
|
ARE RISK AVERSION AND IMPATIENCE RELATED TO COGNITIVE ABILITY?
Thomas Dohmen, ROA/Maastricht University Co-Authors: Armin Falk, University of Bonn and IZA Bonn, David Huffman, Swarthmore College and IZA Bonn and Uwe Sunde, University of St.Gallen |
||
|
UNDERSTANDING TRUST
Anna Toldra Simats, GSB, University of Chicago Co-Authors: Paola Sapienza, Northwestern and Luigi Zingales, Graduate School of Business, University of Chicago |
||
|
AN EXPERIMENTAL STUDY OF INFORMATION MECHANISMS IN THE
TRUST GAME: EffECTS OF OBSERVATION AND CHEAP TALK
Juergen Bracht, University of Aberdeen |
| 16:30 - 16:45 | BREAK |
| 16:45 - 17:45 |
CONTRIBUTED SESSIONS 1B
EEA |
| 16:45 - 17:45 |
DECISION MAKING B (EEA)
Chairperson: Karl Schlag, European University Institute |
Room N10 |
|
MEASURES OF RISK CONSISTENT WITH RISK AVERSION
Klaas Schulze, Bonn Graduate School of Economics |
||
|
MINIMAX REGRET AND STRATEGIC UNCERTAINTY
Karl Schlag, European University Institute Co-Author: Ludovic Renou, Leicester |
| 16:45 - 17:45 |
CORPORATE GOVERNANCE B (EEA)
Chairperson: Alexander Wagner, University of Zurich |
Room N11 |
|
THE EFFECT OF CSR ON STOCK PERFORMANCE: NEW EVIDENCE FOR THE USA AND EUROPE
Andreas Ziegler, University of Zurich, Center for Corporate Responsibility and Sustainability Co-Author: Urs von Arx, Swiss Federal Institute of Technology (ETH) Zurich |
||
|
THE EXECUTIVE TURNOVER RISK PREMIUM
Alexander Wagner, University of Zurich Co-Author: Florian Peters, University of Zurich |
| 16:45 - 17:45 |
BANKING: COMPETITION AND INTERNATIONALIZATION B (EEA)
Chairperson: Ana Fernandes, University of Bern |
Room N12 |
|
DIFFERENTIAL IMPACTS OF OPENING BANKING MARKETS
Rainer Haselmann, University of Mainz |
||
|
FINANCE AND COMPETITION
Ana Fernandes, University of Bern Co-Author: Harris Dellas, University of Bern |
| 16:45 - 17:45 |
BEHAVIORAL ECONOMICS II B (EEA)
Chairperson: Reinhard Neck, Klagenfurt University |
Room N13 |
|
INEQUITY AVERSION AND INDIVIDUAL BEHAVIOR IN PUBLIC GOOD GAMES: AN EXPERIMENTAL INVESTIGATION
Astrid Dannenberg, Centre of European Economic Research (ZEW) Co-Authors: Thomas Riechmann, Faculty of Economics and Management, University of Magdeburg, Bodo Sturm, Centre for Europen Economic Research and Carsten Vogt, Department of Business Administration, Leipzig University of Applied Sciences |
||
|
PERCEPTIONS OF EQUITY ACROSS CULTURES AND OVER TIME:
A QUESTIONNAIRE-EXPERIMENTAL APPROACH
Reinhard Neck, Klagenfurt University |
| 16:45 - 17:45 |
CONTRACT THEORY I B (EEA)
Chairperson: Alexander Stremitzer, University of Bonn |
Room N14 |
|
DOES RELATIONSHIP SPECIfiC INVESTMENT DEPEND ON ASSET OWNERSHIP? EVIDENCE FROM A NATURAL EXPERIMENT IN THE HOUSING MARKET.
Georg Gebhardt, LMU Munich |
||
|
STANDARD BREACH REMEDIES, QUALITY THRESHOLDS, AND
COOPERATIVE INVESTMENTS.
Alexander Stremitzer, University of Bonn |
| 16:45 - 17:45 |
CRIME AND CORRUPTION B (EEA)
Chairperson: Battista Severgnini, Humboldt University Berlin |
Room N15 |
|
THE LONG WAY AROUND: THE REAL CONSEQUENCES OF CORRUPTION IN CUSTOMS
Sandra Sequeira, Harvard University Co-Author: Sendhil Mullainathan, Harvard University |
||
|
THE ITALIAN JOB: MEDIA CONCENTRATION AND CORRUPTION IN THE SERIE A
Battista Severgnini, Humboldt University Berlin Co-Author: Tito Boeri, Bocconi University |
| 16:45 - 17:45 |
UNIONS B (EEA)
Chairperson: Daniele Checchi, University of Milan |
Room N16 |
|
STRATEGIC PROFIT SHARING IN A UNIONIZED OLIGOPOLY
Anna Goeddeke, University Erlangen Nuremberg |
||
|
INEQUALITY AND UNION MEMBERSHIP
THE IMPACT OF RELATIVE EARNINGS POSITION AND INEQUALITY ATTITUDES
Daniele Checchi, University of Milan Co-Authors: Herman van de Werfhorst, and Jelle Visser, |
| 16:45 - 17:45 |
TAX AND SOCIAL SECURITY COMPETITION B (EEA)
Chairperson: Nadine Riedel, University of Munich |
Room N17 |
|
TAX AND PUBLIC INPUT COMPETITION - EVIDENCE FROM GERMANY
Sebastian Hauptmeier, European Central Bank Co-Author: Johannes Rincke, University of Munich |
||
|
FACTOR DEMAND DISTORTIONS UNDER FORMULA APPORTIONMENT: EVIDENCE FROM GERMAN FIRMS
Nadine Riedel, University of Munich |
| 16:45 - 17:45 |
PUBLIC GOODS B (EEA)
Chairperson: John Hatfield, Stanford University, Grad Sch of Business |
Room N18 |
|
STRATEGIC INFORMATION ACQUISITION AND THE MITIGATION OF GLOBAL WARMING
Florian Morath, Social Science Research Center Berlin (WZB) |
||
|
FEDERALISM, TAX BASE RESTRICTIONS, AND THE
PROVISION OF INTERGENERATIONAL PUBLIC GOODS
John Hatfield, Stanford University, Grad Sch of Business |
| 16:45 - 17:45 |
PREDICTING MONETARY POLICY AND THE EFFECTS OF SHORT-TERM PRICES B (EEA)
Chairperson: Kleopatra Nikolaou, European Central Bank |
Room N19 |
|
A STRUCTURAL DECOMPOSITION OF THE US YIELD CURVE
Raf Wouters, National Bank of Belgium Co-Authors: Ferre De Graeve, Federal Reserve Bank of Dallas and Marina Emiris, National Bank of Belgium |
||
|
THE DRIVING FORCES OF INTERNATIONAL LINKAGES IN SHORT TERM RATES: EVIDENCE FROM A FACTOR MODEL
Kleopatra Nikolaou, European Central Bank |
| 16:45 - 17:45 |
MIGRATION: EARINGS B (EEA)
Chairperson: Holger Stichnoth, Paris School of Economics |
Room N20 |
|
INTERNATIONAL INCOME COMPARISONS AND LOCATION
CHOICE: METHODOLOGY, ANALYSIS, AND IMPLICATIONS
Marcel-Cristian Voia, Carleton University Co-Author: Vivek Dehejia, Carleton University |
||
|
DO BETTER EDUCATED IMMIGRANTS CHOOSE A HIGHER REFERENCE INCOME? EVIDENCE FROM THE GERMAN
SOCIO-ECONOMIC PANEL
Holger Stichnoth, Paris School of Economics |
| 16:45 - 17:45 |
LABOR MARKETS: CAREER, WAGES AND EMPLOYMENT B (EEA)
Chairperson: Roger Bandick, Aarhus School of Business, Department of Economics |
Room N21 |
|
RETURNS TO INVENTORS
Lotta Väänänen, Helsinki School of Economics Co-Author: Otto Toivanen, University of Helsinki |
||
|
FOREIGN ACQUISITION AND EMPLOYMENT EFFECT IN SWEDISH MANUFACTURING
Roger Bandick, Aarhus School of Business, Department of Economics Co-Author: Patrik Karpaty, ESI Örebro University, Sweden |
| 16:45 - 17:45 |
MONETARY AND FISCAL POLICY: THEORY B (EEA)
Chairperson: Pooyan Amir Ahmadi, Humboldt University Berlin |
Room N22 |
|
COUNTERCYCLICAL FISCAL POLICY, SIMPLE RULES
AND PRICE DISPERSION
Mayer Eric, University of Würzburg |
||
|
THE GREATMODERATION AND THE ROLE OFMONETARY POLICY: A BAYESIAN TIME VARYING FACTOR-AUGMENTED VAR WITH STOCHASTIC VOLATILITY
Pooyan Amir Ahmadi, Humboldt University Berlin |
| 16:45 - 17:45 |
INTERNATIONAL TRADE B (EEA)
Chairperson: Balazs Murakozy, IE-HAS, CEU |
Room N23 |
|
FOREIGN OWNERSHIP AND WAGES - EVIDENCE FROM TURKISH PANEL DATA
Cagatay Bircan, University of Michigan |
||
|
WHAT MAKES A SUCCESSFULL EXPORT?
Balazs Murakozy, IE-HAS, CEU Co-Authors: Holger Görg, Kiel and Richard Kneller, University of Nottingham |
| 16:45 - 17:45 |
IO: ELECTRICITY AND ENERGY B (EEA)
Chairperson: Phu Nguyen Van, THEMA-CNRS, Universite de Cergy-Pontoise |
Room N24 |
|
CONTAGION IN ELECTRICITY MARKETS: DOES IT EXIST?
Carlo Andrea Bollino, University of Perugia Co-Author: paolo polinori, Dept of Economics Univ of Perugia |
||
|
INVESTMENT SUBSIDIES IN VINTAGE CAPITAL MODELS WITH ENERGY-SAVING TECHNOLOGY
Phu Nguyen Van, THEMA-CNRS, Universite de Cergy-Pontoise Co-Authors: Theophile T. Azomahou, UNU-MERIT, Maastricht University and Raouf Boucekkine, Université Catholique de Louvain and CORE |
| 16:45 - 17:45 |
INTERNATIONAL BUSINESS CYCLES B (EEA)
Chairperson: Alessandro Barattieri, Boston College |
Room N25 |
|
ELASTICITY OPTIMISM
Isabelle Mejean, Co-Author: Jean Imbs, HEC Lausanne |
||
|
ENDOGENOUS MARKUPS, INTERNATIONAL TRADE AND THE PRODUCT MIX
Alessandro Barattieri, Boston College Co-Author: Carlo Altomonte, Universita' Bocconi |
| 16:45 - 17:45 |
FISCAL POLICY AND INCOME DISTRIBUTION B (EEA)
Chairperson: Justina Fischer, Stockholm School of Economics |
Room N26 |
|
CYCLICAL MACRO POLICY AND INDUSTRY GROWTH: THE EFFECT OF COUNTER-CYCLICAL FISCAL POLICY
Enisse Kharroubi, Banque de France Co-Author: Philippe Aghion, Harvard University |
||
|
DOES A GENEROUS WELFARE STATE CROWD OUT STUDENT EFFORT? PANEL DATA EVIDENCE FROM INTERNATIONAL STUDENT TESTS
Justina Fischer, Stockholm School of Economics Co-Author: Falch Torberg, Norwegian University of Science and Technology |
| 16:45 - 17:45 |
FORECASTING AND BAYESIAN ANALYSIS B (EEA)
Chairperson: Simon van Norden, HEC Montréal |
Room N27 |
|
FORECASTING ECONOMIC ACTIVITY USING DYNAMIC REGRESSION MODELS WITH MIXED SAMPLING FREQUENCIES: THE ROLE OF FINANCIAL VARIABLES
Andros Kourtellos, University of Cyprus Co-Authors: Elena Andreou, University of Cyprus and Eric Ghysels, |
||
|
THE CALIBRATION AND RESOLUTION OF PROBABILISTIC ECONOMIC FORECASTS
Simon van Norden, HEC Montréal Co-Author: John W. Galbraith, McGill University |
| 16:45 - 17:45 |
EDUCATION: FINANCE AND MANAGEMENT B (EEA)
Chairperson: Elena Del Rey, University of Girona |
Room N28 |
|
EMPOWERING PARENTS TO IMPROVE EDUCATION: EVIDENCE FROM RURAL MEXICO
Rubio Codina Marta, University College London Co-Authors: Paul Gertler, University of California at Berkeley and Harry Patrinos, The World Bank |
||
|
LOANS, INSURANCE AND FAILURES IN THE CREDIT MARKET FOR STUDENTS
Elena Del Rey, University of Girona Co-Author: Bertrand Verheyden, FNRS research fellow at University of Namur, Belgium |
| 16:45 - 17:45 |
FDI AND MULTINATIONAL FIRMS B (EEA)
Chairperson: Amrita Ray Chaudhuri, Tilbrug University |
Room N29 |
|
MULTINATIONALS, TECHNOLOGICAL INCOMPATIBILITIES, AND SPILLOVERS
Juan Carluccio, Paris School of Economics Co-Author: Fally Thibault, PSE Paris-School of Economics |
||
|
A DYNAMIC MODEL OF ENDOGENOUS MERGERS AND TRADE LIBERALIZATION
Amrita Ray Chaudhuri, Tilbrug University |
| 16:45 - 17:45 |
PATENTS AND INNOVATION B (EEA)
Chairperson: Alfonso Gambardella, Università Bocconi |
Room N30 |
|
TECHNOLOGY FLOWS BETWEEN SECTORS AND ITS IMPACT ON LARGE-SCALE FIRMS
Thomas Grebel, Friedrich-Schiller-University of Jena Co-Author: Jürgen Antony, Netherlands Bureau for Economic Policy Analysis |
||
|
DETERMINANTS OF THE VALUE OF PATENTS
Alfonso Gambardella, Università Bocconi Co-Authors: Dietmar Harhoff, Munich School of Management, Ludwig-Maximilians-Universität and Bart Verspagen, Eindhoven University of Technology |
| 16:45 - 17:45 |
MONETARY POLICY DESIGN B (EEA)
Chairperson: Michele Lenza, European Central Bank |
Room N31 |
|
CENTRAL BANK PREFERENCES AND DISTRIBUTION FORECASTS IN A SMALL OPEN-ECONOMY
Alessandro Flamini, Department of Economics, Keele University |
||
|
MONEY AND MONETARY POLICY: THE ECB EXPERIENCE
1999-2006
Michele Lenza, European Central Bank Co-Authors: Björn Fischer, European Central Bank, Huw Pill, European Central Bank and Lucrezia Reichlin, European Central Bank |
| 16:45 - 17:45 |
CONTRIBUTED SESSIONS 1B
ESEM: Theoretical and Applied Economics |
| 16:45 - 17:45 |
MONETARY POLICY (B) (ESEM TAE)
Chairperson: Carlos Carvalho, Federal Reserve Bank of New York |
Room A |
|
HETEROGENEOUS PRICE SETTING BEHAVIOR AND MONETARY NON-NEUTRALITY: SOME GENERAL RESULTS
Carlos Carvalho, Federal Reserve Bank of New York Co-Author: Felipe Schwartzman, Princeton University |
||
|
THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY
Hafedh Bouakez, HEC Montreal Co-Authors: Emanuela Cardia, and Francisco Ruge-Murcia, University of Montreal |
| 16:45 - 17:45 |
CONTRACT THEORY 2(B) (ESEM TAE)
Chairperson: Matthias Bühlmaier, Vienna Graduate School of Finance |
Room B |
| 16:45 - 17:45 |
APPLIED INDUSTRIAL ORGANISATION(B) (ESEM TAE)
Chairperson: Roman Horvath, Czech National Bank and Charles University, Prague |
Room C |
|
PRICE SETTING AND MARKET STRUCTURE: AN EMPIRICAL ANALYSIS OF MICRO DATA
Roman Horvath, Czech National Bank and Charles University, Prague Co-Author: Fabrizio Coricelli, European Bank for Reconstruction and Development |
||
|
THE EFFECTS OF HETEROGENEITY IN SECONDARY MARKETS:
A COMPARISON OF FRANCE, UK AND US CAR MARKETS
Alessandro Gavazza, Yale University Co-Author: Alessandro Lizzeri, New York University |
| 16:45 - 17:45 |
INTERNATIONAL FINANCE (B) (ESEM TAE)
Chairperson: Michael Kumhof, International Monetary Fund |
Room D |
|
INTERNATIONAL CURRENCY PORTFOLIOS
Michael Kumhof, International Monetary Fund |
||
|
IMPLICATIONS OF THE MODIGLIANI-MILLER THEOREM FOR THE STUDY OF EXCHANGE RATE REGIMES
Alexandre Cunha, IBMEC Business School - Rio de Janeiro |
| 16:45 - 17:45 |
INTERNATIONAL TRADE: GROWTH (B) (ESEM TAE)
Chairperson: Paulo Brito, UECE,ISEG,Technical University of Lisbon |
Room E |
|
REAL EXCHANGE RATE AND ENDOGENOUS GROWTH DYNAMICS FOR A SMALL OPEN ECONOMY
Paulo Brito, UECE,ISEG,Technical University of Lisbon Co-Author: Armando Ferreira, ISEG, Technical University of Lisbon |
||
|
INTERNATIONAL TRADE AND UNEMPLOYMENT: THEORY AND CROSS-NATIONAL EVIDENCE
Pushan Dutt, INSEAD Co-Authors: Devashish Mitra, Syracuse University and Priya Ranjan, University of California, Irvine |
| 16:45 - 17:45 |
GENERAL EQUILIBRIUM (B) (ESEM TAE)
Chairperson: |
Room 12 |
| 16:45 - 17:45 |
ECONOMICS OF THE ENVIRONMENT(B) (ESEM TAE)
Chairperson: Geir B. Asheim, University of Oslo |
Room 13 |
|
SUSTAINABILITY AND DISCOUNTED UTILITARIANISM IN MODELS OF ECONOMIC GROWTH
Geir B. Asheim, University of Oslo Co-Author: Tapan Mitra, Cornell University |
||
|
INTERGENERATIONAL EQUITIY IN LONG-RUN DECISION PROBLEMS RECONSIDERED
Maik Schneider, CER-ETH - Center of Economic Research at ETH Zurich Co-Authors: Christian Traeger, Universitiy of California at Berkeley and Ralph Winkler, ETH Zurich |
| 16:45 - 17:45 |
CONTRIBUTED SESSIONS 1B
ESEM: Econometrics and Empirical Economics |
| 16:45 - 17:45 |
FINANCIAL AND CREDIT MARKETS B (ESEM EEE)
Chairperson: Christin Kyrme Tuxen, Department of Economics, University of Copenhagen |
Room 15 |
|
ECONOMIC FACTORS AND THE COVARIANCE OF EQUITY RETURNS
Kevin Sheppard, University of Oxford |
||
|
HAS EXCESS GLOBAL LIQUIDITY FUELED ASSET PRICES? EVIDENCE FROM I(1) AND I(2) COINTEGRATED VAR MODELS
Christin Kyrme Tuxen, Department of Economics, University of Copenhagen |
| 16:45 - 17:45 |
EXPECTATIONS & LEARNING B (ESEM EEE)
Chairperson: Giulio Palomba, University Politecnica of Marche |
Room 21 |
|
INFERENCE IN MODELS WITH ADAPTIVE LEARNING
Michael Massmann, Vrije Universiteit Amsterdam Co-Authors: Guillaume Chevillon, Essec Business School and Sophocles Mavroeidis, Brown University |
||
|
SIMULATION-BASED TESTS OF FORWARD-LOOKING MODELS UNDER VAR LEARNING DYNAMICS
Giulio Palomba, University Politecnica of Marche Co-Author: Luca Fanelli, UNiversity of Bologna |
| 16:45 - 17:45 |
APPLIED MACROECONOMETRICS B (ESEM EEE)
Chairperson: Jerome Hericourt, University of Paris 1 |
Room 22 |
|
FINANCIAL MARKET INFORMATION AND OIL SUPPLY SHOCKS USING VAR METHODOLOGY FOR A SMALL OPEN ECONOMY
Marko Melolinna, Bank of Finland |
||
|
WHAT IF THE EURO HAD NEVER BEEN LAUNCHED? A COUNTERFACTUAL ANALYSIS OF THE MACROECONOMIC IMPACT OF EURO MEMBERSHIP
Jerome Hericourt, University of Paris 1 Co-Authors: Emmanuel Dubois, University of Paris 11 and Valerie Mignon, University of Paris 10 |
| 16:45 - 17:45 |
ARCH MODELS B (ESEM EEE)
Chairperson: Enno Mammen, Dept. of Economics, University of Mannheim |
Room 23 |
|
SEMIPARAMETRIC INFERENCE IN A GARCH-IN-MEAN MODEL
Christian M. Dahl, University of Aarhus Co-Authors: Bent Jesper Christensen, University of Aarhus and Emma Iglesias, Michigan State University |
||
|
NONPARAMETRIC REGRESSION ON UNOBSERVED LATENT COVARIATES WITH
APPLICATION TO SEMIPARAMETRIC GARCH-IN-MEAN MODELS
Enno Mammen, Dept. of Economics, University of Mannheim Co-Author: Christian Conrad, University of Heidelberg, Faculty of Economics and Social Studies |
| 16:45 - 17:45 |
COINTEGRATION B (ESEM EEE)
Chairperson: Franz Palm, Maastricht University |
Room 24 |
|
PRICE-WAGE SYSTEM WITH TAXATION: I(1) AND I(2) ANALYSIS
Michal Majsterek, University of Lodz Co-Authors: Piotr Keblowski, University of Lodz and Aleksander Welfe, University of Lodz |
||
|
A SIEVE BOOTSTRAP TEST FOR COINTEGRATION IN A CONDITIONAL ERROR CORRECTION MODEL
Franz Palm, Maastricht University Co-Authors: Stephan Smeekes, Maastricht University and Jean-Pierre Urbain, Maastricht University |
| 16:45 - 17:45 |
WEAK INSTRUMENTS B (ESEM EEE)
Chairperson: Whitney Newey, MIT |
Room 25 |
|
ALMOST UNBIASED ESTIMATION IN SIMULTANEOUS EQUATIONS MODELS WITH STRONG AND / OR WEAK INSTRUMENTS
Garry Phillips, Cardiff University Co-Author: Emma Iglesias, Michigan State University |
||
|
INSTRUMENTAL VARIABLE ESTIMATION WITH HETEROSKEDASTICITY AND MANY INSTRUMENTS
Whitney Newey, MIT |
| 16:45 - 17:45 |
PANEL DATA B (ESEM EEE)
Chairperson: Badi Baltagi, Syracuse University |
Room 31 |
|
PANEL DATA MODELS WITH SPATIALLY CORRELATED AND HETEROSCEDASTIC INNOVATIONS
Paulo J. M. Rodrigues, University Frankfurt a.M. |
||
|
FORECASTING WITH SPATIAL PANEL DATA
Badi Baltagi, Syracuse University Co-Authors: Georges Bresson, Université Panthéon-Assas Paris II and Alain Pirotte, Université Panthéon-Assas Paris II |
| 16:45 - 17:45 |
LIFE CYCLE (ESEM EEE)
Chairperson: Marike Knoef, Tilburg University, Netspar, and CentERdata |
Room 32 |
|
THE STRATEGIC BEQUEST MOTIVE: EVIDENCE FROM SHARE
Viola Angelini, University of Padua |
||
|
AGING PARENTS, HEALTH CARE, AND THE FAMILY; ESTIMATING A STRUCTURAL MODEL
Marike Knoef, Tilburg University, Netspar, and CentERdata Co-Authors: Matthijs Kalmijn, Tilburg University, Netspar and Peter Kooreman, Tilburg University, Netspar, IZA |
| 16:45 - 17:45 |
POVERTY & INEQUALITY B (ESEM EEE)
Chairperson: Ayal Kimhi, The Hebrew University |
Room 33 |
|
THE LINK BETWEEN INEQUALITY OF OPPORTUNITY FOR INCOME ACQUISITION AND INCOME INEQUALITY: THE FRENCH EXAMPLE 1977-1993.
Arnaud Lefranc, THEMA, University of Cergy-Pontoise Co-Authors: Nicolas Pistolesi, GREMAQ, UNIVERSITY OF TOULOUSE and Alain Trannoy, GREQAM, EHESS |
||
|
REGRESSION-BASED INEQUALITY DECOMPOSITION: A CRITICAL REVIEW AND APPLICATION TO FARM-HOUSEHOLD INCOME DATA
Ayal Kimhi, The Hebrew University |
| 16:45 - 17:45 |
EXPERIMENTS B (ESEM EEE)
Chairperson: Pieter Gautier, VU university Amsterdam |
Room 34 |
|
DO DAYLIGHT-SAVING TIME ADJUSTMENTS IMPACT HUMAN PERFORMANCE?
Marc Conte, UC Santa Barbara Co-Author: Doug Steigerwald, UC Santa Barbara |
||
|
GROW RICH WHILE YOU SLEEP: SELECTION IN EXPERIMENTS WITH VOLUNTARY PARTICIPATION
Pieter Gautier, VU university Amsterdam Co-Author: Bas Van der Klaauw, |
| 17:45 - 18:15 | COFFEE BREAK |
| 18:15 - 19:30 | FISHER SHULTZ LECTURE |
| 18:15 - 19:30 |
FISHER SCHULTZ LECTURE ()
Chairperson: Andrew Chesher, UCL |
Room Magna |
|
APPLIED NONPARAMETRIC INSTRUMENTAL VARIABLES ESTIMATION
Joel Horowitz, Northwestern University |
| 20:00 - 22:00 | WELCOME PARTY |
The Congress Programme is subject to last minute changes.
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