The CEPR Network on Household Finance and Swedish House of Finance organised the Fifth European Household Finance Workshop on 7-9 May 2020 via online webinars with the support of the Think Forward Initiative (TFI) and EIEF. The objective of this workshop was to host presentations and foster interaction between Senior and Junior Researchers working in the area of household finance. The workshop included state-of-the-art research on household financial behaviour and on how this is influenced by other choices, government policies, and the overall economic environment. The three-day research online webinars included a CEPR-TFI online webinar event on “Household Welfare: Do We Need Big Data?”, organised by Paolo Sodini (Stockholm School of Economics and SHoF), at 17:30 on Thursday 7 May 2020.
Programme Committee
Steffen Andersen (Copenhagen Business School and CEPR), Laurent Calvet (EDHEC Business School, CFS and CEPR), John Campbell (Harvard University and NBER), Joao Cocco (London Business School and CEPR), Russell Cooper (European University Institute), Francisco Gomes (London Business School and CEPR), Luigi Guiso (EIEF and CEPR), Michael Haliassos (Goethe University Frankfurt and CEPR), Tullio Jappelli (University of Naples Federico II, CSEF and CEPR), Alex Michaelides (Imperial College and CEPR), Giovanna Nicodano (Collegio Carlo Alberto, University of Torino), Monica Paiella (University of Naples Parthenope and CEPR), Wenlan Qian (National University of Singapore), Tarun Ramadorai (Imperial College and CEPR), Paolo Sodini (Stockholm School of Economics, and SHoF), Michele Tertilt (University of Mannheim and CEPR), and Raman Uppal (EDHEC and CEPR).
Local Organiser
Paolo Sodini (Stockholm School of Economics and SHoF).
Workshop
The workshop took place virtually via online webinars.
CEPR Fifth European Workshop on Household Finance - Programme
Programme
CEPR Fifth European Workshop on Household Finance
CEPR-TFI Event Online Webinar Event: Thursday 7 May 2020 (CEST)
CEPR Fifth European Workshop on Household Finance (Online Webinars): Thursday 7 May-Saturday 9 May 2020 (CEST)
CEPR Fifth European Workshop on Household Finance: Thursday 7 May 2020
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14:50-15:00 Opening Remarks Paolo Sodini, Stockholm School of Economics and SHoF Michael Haliassos, Goethe University Frankfurt and CEPR Session Chair: Paolo Sodini, Stockholm School of Economics and SHoF 15:00-15:40 Resolving the Excessive Trading Puzzle: An Integrated Approach Based on Surveys and Transactions - Presentation Slides Cameron Peng, LSE (with Hongqi Liu, Wei A. Xiong, and Wei Xiong) Discussant: Søren Leth-Petersen, University of Copenhagen and CEPR - Presentation Slides 15:40-16:20 Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You - Presentation Slides Mengli Sha, Pennsylvania State University (with Yosef Bonaparte and Russell Cooper) Discussant: Luigi Paciello, EIEF and CEPR 16:20-17:00 Wealth Fluctuations and Risk Preferences: Evidence from U.S.Investor Portfolios Maarten Meeuwis, MIT Discussant: Kim Peijnenburg, EDHEC and CEPR - Presentation Slides
CEPR-TFI Event: Thursday 7 May 2020 17:30-19:00 CEPR-TFI Event – Household Welfare: Do We Need Big Data?
Speakers:
Panel Discussion Chair: Karolina Ekholm, Professor (Stockholm University and CEPR)
CEPR Fifth European Workshop on Household Finance: Friday 8 May 2020 Session Chair: Michael Haliassos, Goethe University Frankfurt and CEPR 15:00-15:40 Gender Differences in Financial Advice - Presentation Slides Tabea Bucher-Koenen, ZEW - Leibniz Centre for European Economic Research (with Andreas Hackethal, Johannes Koenen, Christine Laudenbach and Annika Weber) Discussant: Anastasia Girshina, Swedish House of Finance 15:40-16:20 Financial Crisis, Creditor-Debtor Conflict, and Populism Emil Verner, MIT (with Gyozo Gyöngyösi) Discussant: Kaveh Majlesi, Lund University and CEPR |
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16:20-17:00 Removing the Fine Print: Standardization, Disclosure, and Consumer Loan Outcomes - Presentation Slides Sheisha Kulkarni, University of Virginia (with Santiago Truffa and Gonzalo Iberti) Discussant: Vimal Balasubramaniam, Queen Mary University of London 17:15-18:15 Network Steering Committee Meeting
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CEPR Fifth European Workshop on Household Finance: Saturday 9 May 2020 Session Chair: Francisco Gomes, London Business School and CEPR 15:00-15:40 Till Debt Do Us Part: Strategic Divorces and a Test of Moral Hazard Yeorim Kim, VU Amsterdam, Netspar and De Nederlandsche Bank (with Mauro Mastrogiacomo, Stefan Hochguertel and Hans Bloemen) Discussant: Michaela Pagel, Columbia University and CEPR - Presentation Slides 15:40-16:20 Misfortune and Mistake: The Financial Conditions and Decision-Making Ability of High-Cost Loan Borrowers - Presentation Slides Arna Olafsson, Copenhagen Business School, Danish Finance Institute and CEPR (with Leandro Carvalho and Dan Silverman) Discussant: Huan Tang, HEC Paris 16:20-17:00 Financial Technology Adoption Sean Higgins, Northwestern University Discussant: Virginia Gianinazzi, Università della Svizzera italiana - Presentation Slides 17:00-17:05 Closing Remarks Michael Haliassos, Goethe University Frankfurt and CEPR Note: For each 40 min slot, presenters have 20 mins to present their paper. A total of 10 mins are allocated to the discussants and 5-10 mins for general discussion. Programme Committee Local Organiser |
CEPR-TFI Online Webinar Event: Household Welfare; Do We Need Big Data?
CEPR-TFI Online Webinar Event: Household Welfare; Do We Need Big Data?
7 May 2020
Online Webinar
The retail banking sector is undergoing a profound transformation, as big data becomes available and is increasingly used to customise and shape retail banking services. Big data is also becoming increasingly necessary to conduct monetary policy, financial stability and insure adequate financial consumer protection. This CEPR-TFI webinar discussed these issues with leading experts from the academic, policy and professional world. The video will last about one hour and a half, with one hour dedicated to the speakers presentations and half hour to a moderated panel discussion. Read the full article here.
17:30-19:00 (CEST) CEPR-TFI Event – Household Welfare: Do We Need Big Data?
- Welcome: Mark Cliffe, Global Head of the New Horizons Hub (ING Group)
- Opening Remarks: Paolo Sodini (Stockholm School of Economics and SHoF)
Speakers:
- John Y. Campbell, Professor (Harvard University) - Presentation Slides
- Martin Flodén, Deputy Governor (Riksbank)
- Shiler Khedri, Global Head of Data and Technology at ING Analytics (ING) - Presentation Slides
- Gianluca Violante, Professor (Princeton University) - Presentation Slides
Panel Discussion
Chair: Karolina Ekholm, Professor (Stockholm University and CEPR)
CEPR Network on Household Finance: Household Finance | CEPR
