Programme

CEPR Network on Household Finance

CEPR European Workshop on Household Finance

Copenhagen, 28-29 April 2017

Programme (Pdf)

Friday 28th April 2017 (09:00-18:00)
Location: Copenhagen Business School, Solbjerg Plads 3, room s08
 

08:30-09:00

Coffee and Registration

09:00-09:15

Welcoming remarks
by Steffen Andersen (Copenhagen Business School and CEPR, local organiser)

09:15-09:30

Update on CEPR Household Finance Network
by Michael Haliassos (Director, CEPR Network on Household Finance)

09:30-11:10

Session One: Mortgage Markets
Chair: Michael Haliassos (Director, CEPR Network on Household Finance)

Distorted Advice in Financial Markets:Evidence from the Mortgage Market
Luigi Guiso (EIEF and CEPR), Leonardo Gambacorta (Bank for International Settlements) Paolo Mistrulli (Bank for International Settlements), Andrea Pozzi (EIEF) and Anton Tsoy (EIEF),

Discussant: Daniel Green (Sloan School of Management)

Competition and macro-prudential regulation: An empirical model of the UK mortgage supermarket
Matteo Benetton (London School of Economics)

Discussant: Kathrin Schlafmann (Institute for International Economic Studies (IIES), Stockholm University and CEPR)

11:10-11:30

Coffee Break

11:30-13:10 Session Two: Household Wealth
Chair: Wenlan Qian (National University of Singapore)

Regulating Household Leverage
Anthony A. DeFusco (Northwestern University), Stephanie Johnson (Northwestern University), John Mondragon (Northwestern University)

Discussant: Francisco Gomes (London Business School, CFS, and CEPR),

Accounting for Wealth Inequality Dynamics: Methods, Estimates and Simulations for France (1800-2014)
Bertrand Garbinti (Banque de France), Jonathan Goupille-Lebret (Paris School of Economics) and Thomas Piketty (Paris School of Economics)

Discussant: Luigi Guiso (EIEF and CEPR)

13:10-14:40

Lunch at Belis Bar (Smallegade 1, 2000 Frederiksberg)

14:40-16:20

Session Three: Financial Decision Making
Chair: Luigi Guiso (EIEF and CEPR)

Regulating Small Dollar Loans: The Role of Delinquency
Florian Exler (Universität Mannheim)

Discussant Michael Haliassos (Goethe University Frankfurt and CEPR)

Who Wears the Pants? Gender Identity Norms and Intra-Household Financial Decision Making
Da Ke (University of Miami)

Discussant: Tarun Ramadorai (Imperial Business School and CEPR)

16:20-18:00

Informal get together with light snacks 

17:00-18:00

Steering committee meeting at Copenhagen Business School. For steering committee members only

19:00-21:00

Dinner at Tårnet (Christiansborg Slotsplads, 1218 Copenhagen)
Award of CEPR HF Network Student Prize 

Presented by Mark Cliffe (Chief Economist at ING Group) and Michael Haliassos (Professor at Goethe University Frankfurt)

Saturday 29th April 2017 (09:00-16:30)
Location: Copenhagen Business School, Solbjerg Plads 3, room s08
 

09:30-9:50

Coffee on arrival 

9:50-11:30

Session Four: Finance and Consumption
Chair: Tarun Ramadorai (Imperial Business School and CEPR)

Stock Market Returns and Consumption
Marco Di Maggio (Harvard Business School), Kaveh Majlesi (Lund University), and Amir Kermani (University of California).

Discussant: Matti Keloharju (Aalto University and CEPR)

MPC heterogeneity and household balance sheets
Andreas Fagereng (Statistics Norway), Martin B. Holm (BI Norwegian Business School) and Gisle J. Natvik (BI Norwegian Business School)

Discussant: Joao Cocco (London Business School, CFS, and CEPR)

11:30-11:40

Coffee

11:40-13:20 Session Five: Social Interactions
Chair: Monica Paiella (University of Naples Parthenope)

Financial Literacy Externalities
Michael Haliassos (Goethe University Frankfurt and CEPR), Thomas Jansson (Colorado University), and Yigitcan Karabulut (Erasmus University Rotterdam)

Discussant: Wenlan Qian (National University of Singapore)

Social media interactions and biases in investment decisions
Grettel Romero Gonzalez and Matthias Pelster (Universitat Dortmund and Leuphana University Lueneburg)

Discussant: Lena Jaroszek (Copenhagen Business School)

13:20-14:40

Lunch at Copenhagen Business School 

14:40-16:20 Session Six: Financial Decision Making
Chair: Matti Keloharju (Aalto University and CEPR)

Why is credit utilization stable? Precaution, payments, and credit cards over the business cycle and life cycle
Scott L. Fulford (Boston College) and Scott Schuh (Federal Reserve Bank of Boston)

Discussant: Arpit Gupta (Stern School of Business, New York University)

How to Overcome Correlation Neglect?
Christine Laudenbach (Frankfurt), Michael Ungeheuer (Mannheim University) and Martin Weber (Mannheim University and CEPR)

Discussant: Monica Paiella (University of Naples Parthenope)

16:20-16:30

Closing Remarks

#ThinkForward