ESSIM 2015 - Papers
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| Tuesday 26 May | Wednesday 27 May | Thursday 28 May |
|---|---|---|
| Friday 29 May |
Tuesday 26 May
Plenary session
09.00 - 10.00 Consumer Spending and Property Taxes
*Riccardo Trezzi (Board of Governors of the Federal Reserve System) joint with Paolo Surico (London Business School and CEPR)
10.30 - 11.30 Corporate Cash and Employment
*Kenza Benhima (Université de Lausanne and CEPR) joint with Philippe Bacchetta (Université de Lausanne and CEPR) and Céline Poilly (Université de Lausanne)
Parallel Sessions
| 11.40 - 12.20 |
The composition of fiscal adjustments: disaggregating taxes and spending
*Francesco Giavazzi (IGIER, Università Bocconi and CEPR) joint with Alberto Alesina (Harvard University and CEPR) and Carlo Favero (IGIER, Università Bocconi and CEPR)
Job Polarization and Structural Change
*Christian Siegel (University of Exeter) joint with Zsofia Barany (Sciences Po, Paris)
| 12.20 - 13.00 |
A New Identification of Fiscal Shocks Based on the Information Flow
*Giovanni Ricco (London Business School)
Demographic Structure and Macroeconomic Trends
*Henrique Basso (Banco de España) joint with Yunus Aksoy, Tobias Grasl and Ron P. Smith (all Birkbeck, University of London)
| 14.30 - 15.10 |
*Dirk Niepelt (Study Center Gerzensee and CEPR) joint with Harris Dellas (University of Bern and CEPR)
Voter Turnout and City Performance
*Anna Lo Prete (Università di Torino) joint with Federico Revelli (Università di Torino)
| 15.10 - 15.50 |
*Johannes Pfeifer (University of Mannheim) joint with Benjamin Born (University of Mannheim and CEPR) and Gernot Müller (University of Bonn and CEPR)
Optimal Spatial Taxation: Are Big Cities too Small?
*Nezih Guner (Universitat Autònoma de Barcelona and CEPR) joint with Jan Eeckhout (Universitat Pompeu Fabra and CEPR)
| 16.20 - 17.00 |
Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
*Klaus Adam (University of Mannheim and CEPR) joint with Junyi Zhu (Deutsche Bundesbank)
Reverse engineering labour market flows
*Tamás Papp (Institute for Advanced Studies, Vienna)
| 17.00 - 17.40 |
Jump-Starting the Euro Area Recovery: Should the Core Expand Spending to Help the Periphery?
*Jesper Lindé (Sveriges Riksbank and CEPR) joint with Olivier Blanchard (IMF) and Christopher Erceg (Federal Reserve Board)
*Eran Yashiv (Tel Aviv University and CEPR)
Wednesday 27 May
Plenary Session
09.00 - 10.00 Financial Heterogeneity and Monetary Union
Jae Sim* (Federal Reserve Board) joint with Simon Gilchrist (Boston University), Raphael Schoenle (Brandeis University) and Egon Zakrajsek (Federal Reserve Board)
10.30 - 11.30 Stagnation Traps
*Luca Fornaro (CREI and Universitat Pompeu Fabra, Barcelona) joint with Gianluca Benigno (London School of Economics and CEPR)
Parallel Sessions
| 11.40 - 12.20 |
The interaction between household and firm dynamics and the amplification of financial shocks
*Andrea Caggese (Universitat Pompeu Fabra) joint with Ander Perez (Universitat Pompeu Fabra and Barcelona GSE)
Home Away From Home? Foreign Demand and London House Prices
*Cristian Badarinza (University of Oxford) joint with Tarun Ramadorai (University of Oxford and CEPR)
| 12.20 - 13.00 |
What are the Real Effects of QE Driven Capital Flows with Macroprudential Response? Evidence from Firm-Bank Matched Data in an Emerging Market
*Julian di Giovanni (UPF, BGSE, CREI, and CEPR) joint with Yusuf Soner Baskaya (CBRT), Sebnem Kalemli-Ozcan (University of Maryland and CEPR), José Luis Peydró (ICREA-UPF, BGSE, CREI and CEPR) and Mehmet Fatih Ulu (CBRT)
*Liwa Rachel Ngai (London School of Economics and CEPR) joint with Kevin Sheedy (London School of Economics and CEPR)
| 14.30 - 15.10 |
Monetary Policy and Sovereign Debt Vulnerability
*Galo Nuño (Banco de España) joint with Carlos Thomas (Banco de España)
Multinational Production and Comparative Advantage
*Vanessa Alviarez (University of Michigan)
| 15.10 - 15.50 |
Sovereign Default: The Role of Expectations
*Pedro Teles (Catolica Lisbon, Banco de Portugal and CEPR) joint with Joao Ayres (University of Minnesota), Gaston Navarro (New York University) and Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Di Tella)
International Inflation Spillovers Through Input Linkages
*Andrei Levchenko (University of Michigan and CEPR) joint with Raphael Auer (Swiss National Bank and CEPR) and Philip Sauré (Swiss National Bank)
| 16.20 - 17.00 |
Housing Debt and the Transmission of Monetary Policy
*James Cloyne (Bank of England and UCL) joint with Clodomiro Ferreira (London Business School) and Paolo Surico (London Business School and CEPR)
Optimal Time-Consistent Government Debt Maturity
*Davide Debortoli (Universitat Pompeu Fabra) joint with Ricardo Nunes (Federal Reserve Bank of Boston) and Pierre Yared (Columbia University)
| 17.00 - 17.40 |
Search-Based Endogenous Illiquidity and the Macroeconomy
*Wei Cui (University College London) joint with Soren Radde (European Central Bank)
Debt into Growth: How the Country that Borrowed the Most Industrialized First
*Hans-Joachim Voth (University of Zurich, UPF-ICREA, CREI and CEPR) joint with Jaume Ventura (CREI and CEPR)
Thursday 28 May
Plenary Session
09.00 - 10.00 Is Government Spending at the Zero Lower Bound Desirable?
*Tommaso Monacelli (IGIER, Università Bocconi and CEPR) joint with Florin Bilbiie (Paris School of Economics) and Roberto Perotti (IGIER, Università Bocconi and CEPR)
10.30 - 11.30 Reconciling Hayek's and Keynes' views of recessions
*Franck Portier (Toulouse School of Economics and CEPR) joint with Paul Beaudry (University of British Columbia) and Dana Galizia (University of British Columbia)
Parallel Sessions
| 11.40 - 12.20 |
The Fundamental Surplus in Matching Models
*Lars Ljungqvist (Stockholm School of Economics and CEPR) joint with Thomas J Sargent (New York University)
Global Sunspots and Asset Prices in a Monetary Economy
*Roger Farmer (University of California, Los Angeles and CEPR)
| 12.20 - 13.00 |
Costly decisions and sequential bargaining
*James Costain (Banco de España)
An Investigation of Optimal Interaction between Monetary Policy and Bank Capital Requirements
*David Miles (Bank of England and Imperial College London) joint with Chuan Du (Bank of England)
Friday 29 May
Plenary Session
09.00 - 10.00 When Does a Central Bank’s Balance Sheet Require Fiscal Support?
*Marco Del Negro (Federal Reserve Bank of New York) joint with Christopher A. Sims (Princeton University)
10.30 - 11.30 The Impact of Contract Enforcement Costs on Outsourcing and Aggregate Productivity
Johannes Boehm (Sciences Po, Paris)
Parallel Sessions
| 11.40 - 12.20 |
Approximating Time Varying Structural Models with Time Invariant Structures
*Fabio Canova (EUI, Firenze and CEPR) joint with Fillippo Ferroni (Banque de France) and Christian Matthes (Federal Reserve Bank of Richmond)
Financial Shocks and Job Flows
*Dmitriy Sergeyev (Università Bocconi) joint with Neil Mehrotra (Brown University)
| 12.20 - 13.00 |
Resolving the Spanning Puzzle in Macro-Finance Term Structure Models
*Glenn Rudebusch (Federal Reserve Bank of San Francisco) joint with Michael D. Bauer (Federal Reserve Bank of San Francisco)
Worker Turnover and Non-employment Insurance
*Javier Fernandez-Blanco (Universitat Autonoma de Barcelona) joint with Sekyu Choi (Universitat Autònoma de Barcelona)
| 14.30 - 15.10 |
Climate Tipping and Economic Growth: Precautionary Capital and the Price of Carbon
*Frederick van der Ploeg (Oxford University and CEPR) joint with Aart de Zeeuw (Tilburg University)
Fertility, Longevity and Capital Flows
*Stéphane Guibaud (Sciences Po, Paris) joint with Zsofia Barany (Sciences Po, Paris), Taha Choukhmane (Yale University) and Nicolas Coeurdacier (Sciences Po, Paris and CEPR)
| 15.10 - 15.50 |
Convergence and Divergence in Growth Regressions
*Joseph Zeira (Hebrew University of Jerusalem and CEPR) joint with Michele Battisti (University of Munich) and Gianfranco Di Vaio (LUISS Guido Carli)
Menu Costs, Aggregate Fluctuations, and Large Shocks
*Peter Karadi (European Central Bank and CEPR) joint with Adam Reiff (Central Bank of Hungary)