Activitats
Dilluns, 9 Novembre 2020
Dia · Setmana
13:15
"Politicians' Neighborhoods: Where do they Live and does it Matter?" with Matz Dahlberg, Olle Folke, and Linna Martén
Descripció:
Johanna Rickne (SOFI).
Link: https://us02web.zoom.us/j/86059080758?pwd=RE9CMW5lV051ZGF1VThSQjdweTZ5QT09.
Ubicació: Zoom
Data: Dilluns 9, Novembre de 2020 - 13:15h
Dimarts, 10 Novembre, 2020
13:15
“Coordinating Sophisticated Investors" (joint work with Kostas Zachariadis)
Descripció:
Ricardo Alonso (LSE) will present his paper.
Link: https://us02web.zoom.us/j/4324121027?pwd=THJkOFE2cS9vZ0FaRzZqUHFsRUVoUT09.
Zoom meeting ID: 432 412 1027
Zoom password: micro
Abstract: In the absence of stress-tests, institutional investors must rely on the quality of their private research (expertise) to decide on whether to fund banks seeking capital. A regulator seeking to maximize (joint) investment as a function of fundamentals must take into account investors’ expertise when designing public stress-tests. We characterize the optimal public test and provide conditions for this test to, with positive probability, perfectly coordinate investment choices. We show that when investors’ private signals are, at the investment margin, not too discriminating of fundamentals then there is crowding-in of the public stress-test: the regulator offers a more informative public test to more expert investors. For instance, crowding-in always obtains if investors’ signals are discrete. A public test that maximizes joint investment can make investors worse off by inducing overinvestment in bad states or in the presence of negative externalities. Nevertheless, investors' value from more precise signals may come from the indirect effect on the precision of the public test.
Ubicació: Zoom
Data: Dimarts 10, Novembre de 2020 - 13:15h
13:15
"TBA"
Descripció:
Ricardo Alonso (London School of Economics).
Link: https://us02web.zoom.us/j/86059080758?pwd=RE9CMW5lV051ZGF1VThSQjdweTZ5QT09.
Ubicació: Zoom
Data: Dimarts 10, Novembre de 2020 - 13:15h
Divendres, 13 Novembre, 2020
12:00
"Identifying the Sources of the Slowdown in Growth: Demand vs. Supply"
Descripció:
Nicolo Maffei (UAB-IDEA).
Link: https://us02web.zoom.us/j/86059080758?pwd=RE9CMW5lV051ZGF1VThSQjdweTZ5QT09.
Ubicació: Zoom
Data: Divendres 13, Novembre de 2020 - 12:00h
15:30
"Text Shocks and Monetary Surprises: Text Analysis of FOMC Statements with Machine Learning"
Descripció:
Amy Handlan (University of Minnesota).
Link: https://us02web.zoom.us/j/86059080758?pwd=RE9CMW5lV051ZGF1VThSQjdweTZ5QT09.
Ubicació: Zoom
Data: Divendres 13, Novembre de 2020 - 15:30h
16:00
"R&D Investment and Competition: A Dynamic Model in The Search Engine Market"
Descripció:
Bita Shabgard (UAB-GEAR).
Link: https://us02web.zoom.us/j/86059080758?pwd=RE9CMW5lV051ZGF1VThSQjdweTZ5QT09.
Ubicació: Zoom
Data: Divendres 13, Novembre de 2020 - 16:00h