The Austin Robinson Memorial Prize - Royal Economic Society

Programme overview
1
c o n t e n t s 2012
The Royal Economic Society 4
The Department of Economics 6
The University of Cambridge 8
Things to do and see 9
Organisers and committees 12 – 13
Exhibitors and sponsors 16
General information 17
Programme Overview 23
Keynote sessions 24 – 25
Plenary Panel 26
Special sessions 27 – 32
Summary of General sessions 33 – 35
General sessions 36 – 79
Meetings at the RES 80
Index of participants 81 – 84
Map of the campus Back cover

• has a Membership scheme whereby anyone in the world who is interested in the
study of economics can join and offers full time students a reduced three-year rate?
• supports and funds conferences and workshops where lectures and discussions on
economic subjects take place
• publishes The Economic Journal and The Econometrics Journal, provided to all
Society members, including online access
• provides briefings summarising new economic research findings published in each
issue of The Economic Journal and presented at its Annual Conference via its website
and media consultant
• has published a quarterly Newsletter free for members for over 20 years with articles
of topical interest, correspondence on matters of concern to economists, and news
about research.
and
Did you know that
The Royal Economic Society
• assists postgraduate students to attend its Annual Conference, to present and
discuss their research
• awards annual one-year Junior Fellowships for a number of third and fourth year
students undertaking teaching and research.
• supports and funds the Conference of Heads of University Departments of Economics
(CHUDE)
• funds an annual Postgraduate Conference and Job Market for PhD students
seeking academic jobs in the UK, Europe and the rest of the world
• supports a Women’s Committee to promote the role of women in the UK economics
profession and funds a biennial investigation into the position of women in economics
• assists its members financially through a number of funding schemes, from the
Conference Grant Scheme for those presenting papers at a conference and
unexpected small academic expenses through its Small Budget Award Scheme as
well as the Visiting Lecturer Scheme and Special Projects Grant Scheme
• awards the Dennis Sargan Prize for the best (unsolicited) article published in
The Econometrics Journal in a given year by anyone who is within five years of being
awarded their doctorate
• awards the Austin Robinson Memorial Prize for the best paper published in
The Economic Journal by an author who is within five years of completing their PhD
• awards the annual RES Prize to the author of the best (non-solicited) paper published
in The Economic Journal
For more information on The Royal Economic Society please go to www.res.org.uk
The Office of the Secretary-General, Royal Economic Society
School of Economics and Finance, University of St Andrews
St. Andrews, Fife, KY16 9AL. UK
Telephone: +44 (0) 1334 462479; Fax: +44 (0) 1334 462444:
E-mail: royaleconsoc@st-andrews.ac.uk
2

eighth ROYAL eCONOMiC SOCietY
The Eighth PhD Presentation Meeting and Job Market will be held
3
PhD PReSeNtAtiON MeetiNg
and JOB MARKet
on Saturday 19 and Sunday 20 January, 2013
at Queen Mary, University of London.
This annual meeting has grown to be an extremely successful
event, well supported by both students and potential employers.
The aim of the event is to provide a service both for UK and
European university economics departments who wish to recruit
lecturers, and for PhD students to present their work to assist
them in seeking academic jobs in the UK or elsewhere in Europe.
The event consists of two days of students’ presentations and
poster sessions. Participating institutions attend these
presentations and are also allocated space at the conference site
in order to arrange individual appointments with participating
students during the course of the conference.
If you are part of an institution or an individual who will be in
the job market next year, please note the date in your diary now and look
for further details nearer the time on the RES website
www.res.org

2012 a n n u a l c o n f e r e n c e
Royal economic Society
The Royal Economic Society was founded in 1890 to promote and foster the study of
economic science
Today, the main objectives of the Society are:
• To ensure that its scientific journals, The Economic Journal and The Econometrics
Journal are regularly published, widely read and circulated, have high impact and
attract an adequate supply of high-quality papers from an international range of
authors.
• To distribute and publish on its website briefings summarising new economic
research findings presented at its annual conference and published in each issue of
The Economic Journal.
• To fund and organise the RES Annual Conference to provide an excellent forum for
both general lectures and more specialised presentations from international speakers in
economics
• To bring the best communicators in the economics profession into contact with a wide
public and to show the importance of top-quality economic research through the
Society’s Annual Public Lecture
• To fund and organise The Young Economist of the Year award, an annual essay
competition for UK and international young economists focused on sixth form school
students
• To support and fund a Postgraduate (PhD) Conference & Job Market, an annual
service both for PhD students seeking academic jobs in the UK or elsewhere in Europe
and UK and European university economics departments wishing to recruit lecturers
• To support and jointly fund the two RES Training Schools, held at the University
of Birmingham and intended primarily for advanced postgraduate students doing
doctoral research but also open to members of the teaching and research staff.
• To fund a programme of Small Grants, Special Project Grants, Conference Grants
and Junior Fellowships to provide financial support to individuals and academic
bodies to assist in the progress and further study of economics. In particular, the
Society assists postgraduate students to attend the RES Annual Conference, to present
and discuss their research and provides annual one-year Junior Fellowships for a
number of third and fourth year students undertaking teaching and research.
For further details on the Royal Economic Society please go to www.res.org.uk
RES ANNUAL GENERAL MEETING Time: 15:00
Monday 26 March 2012 Location: West Road Theatre, Cambridge
All Members of the Society are invited to attend and have been provided the agenda in
advance.
4

The third Autumn School organised by the Royal Economic Society, with
financial support from the Economic and Social Research Council, will be
held at The University of Birmingham from Sunday 9th September 2012 –
Thursday 13th September 2012. The School is intended primarily for advanced
postgraduate students doing doctoral research but is also open to members
of the teaching and research staff. The purpose is to enable participants
to become acquainted with the latest developments in the selected fields
of economics, to have the opportunity for study and discussion with an
internationally renowned expert in the topics covered, and to meet other
young researchers.
In 2012, the subject of the school will be New Developments in International
Trade and Macroeconomics. The lecturers will be Professor Francesco Caselli
(LSE) and Professor Peter Neary (Oxford). Further information can be found
at http://www.birmingham.ac.uk/schools/business/departments/economics/
events/index3.aspx.
Places are available for 25 resident participants. Accommodation and meals
will be provided for the duration of the course. Nominations must be made
through the applicant’s Head of Department and should be supported by
a short CV, a reference, and a note on the applicant’s research interests.
Applications should be submitted no later than Friday 8th June 2012 by
post to the Royal Economic Society Easter School Secretary, Department of
Economics, The University of Birmingham, Edgbaston, Birmingham, B15 2TT
or by email: easterschool@contacts.bham.ac.uk. Successful applicants will be
informed in July 2012.
5
The Royal Economic Society
2012 Autumn School
At The University of Birmingham
For more information on the Royal Economic Society
www.res.org.uk

2012 a n n u a l c o n f e r e n c e
John Maynard Keynes
John Hicks*
James Mirrlees
the Faculty of economics at the
University of Cambridge
The Faculty of Economics at Cambridge
has been internationally renowned
for teaching and research for over a
century. Its three-year undergraduate
programme is widely recognised as one
of the most advanced and rigorous
training grounds in economics for
keen young minds across the world.
The Faculty also offers a highly valued
MPhil course and a successful PhD
programme, both of which attract the
brightest and best students from around
the world.
The presence of the Faculty at the
forefront of academic research for
over 100 years is demonstrated
by the fundamental contributions
made by members of the Faculty to
economic theory, econometrics, applied
economics and economic policy. Leaders
in economic thought have included
Thomas Malthus, Alfred Marshall, AC
Pigou and John Maynard Keynes, and,
more recently, five Nobel laureates in
economics - John Hicks, James Meade,
Richard Stone, James Mirrlees and
Amartya Sen.
* Photograph used with the kind permission of the Warden and Fellows of All Souls College, Oxford
James Meade
Richard Stone
Amartya Sen
6

events 2012
courses
Microsimulation | Discrete Choice Modelling | Econometric Estimation of Frontier Functions and
Economic Efficiency | Survival Analysis: Modelling Time-to-Event Data | Panel/Longitudinal Data
Analysis | Panel Time Series | An Introduction to Programme Evaluation for Decision Makers |
Policy Evaluation Methods
workshops and symposia
20 April
A cemmap workshop:
New Developments in the Use of
Random Sets in Economics
Location: IFS, London
Organised by: Adam Rosen (UCL)
Speakers include:
Arie Beresteanu (Pittsburgh); Larry Epstein (Boston); Hiroaki Kaido
(Boston); Toru Kitagawa (UCL); Francesca Molinari (Cornell); Adam
Rosen (UCL); Kyoungwon Seo (Northwestern, Kellogg)
12 and 13 November
Gorman Lectures 2012
Location: London
Organised by: UCL and Princeton University Press and supported by
cemmap, IFS and ESRC
Speaker:
Thomas Sargent (NYU)
PEPA
cemmap hosts PEPA, a new research node
dedicated to Programme Evaluation for
Policy Analysis and funded by the ESRC
National Centre for Research Methods
(NCRM). This year, cemmap and PEPA are
co-organising five training courses and we
anticipate many more events to come.
To book a place at any of these events
please go to www.ncrm.ac.uk/training/
booking/index.php?user=PEPA
email: enquiries@pepa.ac.uk
7
An ESRC Research Centre
masterclasses
18–19 April
Ilya Molchanov (Bern)
Random Sets in Economics
Location: UCL, London
10–11 May
Xiaohong Chen (Yale)
Estimation and Inference in Semi-Nonparametric Models
Location: UCL, London
10–11 October
Susanne Schennach (Brown)
Measurement Error: Models, Identification and Inference
Location: London
8–9 November
Thomas Sargent (NYU)
Dynamic Programming Squared
Location: London
14–15 June
A Workshop on Applied Policy Evaluation,
with a Focus on Dynamic Issues and
Duration Modelling
Location: IFS, London
Jointly organised by the Institute for Fiscal
Studies (IFS), the Swedish Institute for
Labour Market Policy Evaluation (IFAU)
and the German Institute for Economic
Research (DIW Berlin)
Organising committee:
Mike Brewer (Essex and Institute for Fiscal
Studies); Peter Haan (DIW, Berlin); John
Ham (Maryland); Per Johansson (Uppsala
and IFAU)
21–22 June
Using Multiple-Spell, Multiple-State
Event History Models for Policy Evaluation
Location: IFS, London
Organised by: Mike Brewer (Essex and
Institute for Fiscal Studies)
Speakers:
John Ham (Maryland); Xianghong Li (York,
Canada)
27–29 June
Control Functions in Policy Evaluation
Location: UCL, London
Organised by: Richard Blundell (UCL and IFS);
Adam Rosen (UCL)
Speaker:
Jeffrey M. Wooldridge (University Distinguished
Professor, Michigan State)
For additional events and breaking news see
www.cemmap.ac.uk

2012 t h e u n i v e r s i t y o f c a m b r i d g e
the University
The University of Cambridge is rich in
history and many of the its customs and
unusual terminology can be traced to
roots in its early origins. The University
has recently celebrated its 800th
Anniversary.
Its famous Colleges and University
buildings attract visitors from all over
the world. But the University’s museums
and collections also hold many treasures
which give an exciting insight into some
of the scholarly activities, both past and
present, of the University’s academics
and students.
The University of Cambridge is one of the
world’s oldest universities and leading
academic centres, and a self-governed
community of scholars. Its reputation
for outstanding academic achievement
is known world-wide and reflects the
intellectual achievement of its students,
as well as the world-class original
research carried out by the staff of the
University and the Colleges.
8

things to do and see
9
t h e s u r r o u n d i n g s 2012
Cambridge is a small but vibrant city which is packed with things to see and do. It is particularly
well-known for its architecture and heritage; you might like to start exploring its many
interesting sites by taking a tour around the Colleges or by visiting one of the many museums.
If you’re more interested in a having a little retail therapy, you can find a wide-range of high
street shops on St Andrews Street and within the Grand Arcade, Lion Yard and the Grafton
shopping centres. More independent alternatives can be found at the historic market and
within the passageways leading from Rose Crescent and Trinity Street.
You’ll find a number of great places to eat and drink in and around the city centre; you might
find Bridge Street, Regent Street and Trumpington Street are good places to start. If you’ve
an appetite for entertainment, you’ll find music and comedy events at the Cambridge Corn
Exchange and theatre productions at the Cambridge Arts Theatre and the ADC Theatre.
Cambridge also hosts a number of exciting annual events such as the world-renowned
independent film festival at the Arts Picturehouse, the famous Folk Festival and various
community programmes organised by the University, including the Festival of Ideas and
Cambridge Science Festival.
For those looking for more peaceful attractions, the city features many attractive parks and
green spaces where you might like to take a picnic or relax by the River Cam. You can also
discover plants from all over the world in the beautiful surroundings of the Botanic Garden.
As well as having much to offer in itself, Cambridge benefits from being a short distance from
the stunning landscape of the Cambridgeshire Fens and a host of other attractions such as Ely
Cathedral, Oliver Cromwell’s house, Newmarket Races and various wildlife parks and stately
homes. Cambridge is also within easy reach of the beautiful broads and coastlines of Norfolk
and Suffolk. If you prefer a faster pace of life, London is only a fifty-minute train ride away.
Further information
• University’s local area information site (www.cam.ac.uk/local) provides helpful
information on facilities, services, community groups and networks in the Cambridge area.
• Visit Cambridge (www.visitcambridge.org) is the official tourism website for Cambridge,
including a comprehensive visitor guide which is helpful for those new to the city.
• For a full list of the University Colleges (www.cam.ac.uk/colleges/addresses)
• For a full list of the University Museums (www.cam.ac.uk/museums)
• The Scott Polar Research Institute (www.spri.cam.ac.uk)
• The Cavendish Laboratory (www-outreach.phy.cam.ac.uk/camphy/)

2012 o r g a n i s e r s a n d c o m m i t t e e s
Conference Secretary
Gareth Myles: University of Exeter and Institute for Fiscal Studies
Programme Chair
Francesco Caselli: London School of Economics
Deputy Programme Chair
Chryssi Giannitsarou: University of Cambridge
Local Organisers
Pramila Krishnan: University of Cambridge
Solomos Solomou: University of Cambridge
Media
Sam Fleming: Economics Editor, The Times
Romesh Vaitlingham: The Times Media
Bob Denham: The Times Media
David Warsh: Economics Writer: economicprincipals.com
Programme Committee
Johannes Abeler: University of Nottingham
Yunus Aksoy: Birbeck College London
Oriana Bandiera: London School of
Economics
Tiago Cavalcanti: University of Cambridge
Arnaud Chevalier: Royal Holloway London
Peter Dolton: Royal Holloway London
Aytek Erdil: University of Cambridge
Marcel Fafchamps: University of Oxford
Elisa Faraglia: University of Cambridge
Gianni de Fraja: University of Leicester
Jayant Ganguli: University of Nottingham
Sotiris Georganas: Royal Holloway London
Rafaella Giacomini: University College
London
Chryssi Giannitsarou: University of
Cambridge
Richard Green: University of Birmingham
Antonio Guarino: University College London
Mai Guell: University of Edinburgh
Vassilis Hajivassiliou: London School of
Economics
Tim Hatton: University of Essex
Ethan Ilzetzki: London School of Economics
Giammario Impullitti: University of
Cambridge
Keyu Jin: London School of Economics
Mireia Jofre-Bonet: City University London
Tatiana Kirsanova: University of Glasgow
John Knowles: University of Southampton
Victor Lavy: Royal Holloway London
Hamish Low: University of Cambridge
Rocco Macchiavello: University of Warwick
Marco Manacorda: Queen Mary London
Frederike Mengel: University of Nottingham
Claudio Mezzetti: University of Warwick
Guy Michaels: London School of Economics
Kaushik Mitra: University of St Andrews
Karen Mumford: University of York
Francesco Nava: London School of
Economics
Kyriakos Neanidis: University of Manchester
Patrick Nolen: University of Essex
Alexei Onatski: University of Cambridge
Matthias Parey: University of Essex
Barbara Petrongolo: London School of
Economics
Fabien Postel-Vinay: University of Bristol
Pontus Rendahl: University of Cambridge
Helene Rey: London Business School
Robert Sauer: University of Bristol
Kim Scharf: University of Warwick
Pasquale Schiraldi: London School of
Economics
Sarah Smith: University of Bristol
Ran Spiegler: University College London
Paul Temple: University of Surrey
Katrin Tinn: Imperial Business School
Flavio Toxvaerd: University of Cambridge
Tommaso Valletti: Imperial Business School
Fabian Waldinger: University of Warwick
Horst Zank: University of Manchester
12

o r g a n i s e r s a n d c o m m i t t e e s 2012
Administrative Support
Yvonne Gibbs: University of Cambridge
Nirusha Vigi: University College London
Helen Hammond: University of Cambridge
Conference Assistants
Shan Aman Rana
Anja Baum
Annari de Waal
Povilas Lastauskas
Marta Rocha
Selma Telalagic
Kristina Bluwstein
Shuo Chen
Zhoulei Chen
Jie Ding
Stephan Havranek
Muling Hong
Conghui Liu
13
Bella Liu
Mengying Liu
Neelum Maqsood
Parth Mehrotra
Michal Pietrkiewicz
Stuti Saksena
Mayank Soni
Eu-Gene Toh
Yvonne Zhang
Xingchen Zhao
Huani Zhu
Yukun Ling
Manasa Patnam
Current membership of the ReS Council
President: Professor R Blundell
Immediate Past President: Vacant
Cath Sleeman
Nadia Chernenko
Mariarosaria Comunale
Oliver Latham
Ansgar Walther
Paul Baker
Irina Shaorshadze
Teodora Boneva
Alice Kuegler
James Brugler
Zsoka Koczan
James Rutt
Kai Lui
Vice-Presidents:
Sir Tony Atkinson, Lord Burns, Sir Partha Dasgupta, F H Hahn,
J M Hardie, Sir David Hendry, Sir James Mirrlees, S J Nickell, R Portes, P Rowlatt,
A K Sen, A Silberston, J Sutton
To hold office until AGM 2012:
S Flanders, M H Pesaran, Lord Skidelsky, E Berglöf, J P Thomas, C Meghir
To hold office until AGM 2013:
C Giles, P A Grout, G Laroque, H Rey, D C Webb, H. Peyton Young
To hold office until AGM 2014:
S Burgess, N Crafts, S Dale, D Miles, M Stevens, C Waddams
To hold office until AGM 2015:
M Armstrong, K Blackburn, P Mason, D Ramsden, L Reichlin, P Wallace
To hold office until AGM 2016:
P. Collier, J. Grice, J. Haskel, G. Levy, G. Lyons, A. Prat
Treasurer: M Robson

Royal Economic Society
Women’s Committee
The 2012 Mentoring Meetings
16 and 17 July 2012 at the University of York
In the US, CSWEP (the Committee on the Status of Women Economists in the
Profession) has for many years run a successful mentoring event for junior
female faculty members (see http://www.cswep.org/mentoring/register.htm).
This year, the RES Women’s Committee is running a similar scheme for
UK-based early career female lecturers and senior PhD students who are
invited to attend a series of small group and panel sessions run by senior
Mentors over a two-day programme. The panel sessions will cover topics such
as getting published and writing successful grant applications, while the small
group sessions will focus on participants’ research papers and provide an
opportunity for detailed comment and feedback.
There will also be opportunity for the attendees to socialise with each other
and their mentors during this event. Possibilities exist for the reimbursement
of attendance-accommodation costs and/or local advance economy offpeak
return train fares.
If you are interested in this event please contact
Karen Mumford (Chair, RES Women’s Committee,
karen.mumford@york.ac.uk) by Monday April 2.
Places are strictly limited, however, and may be allocated
on a first come basis prior to that date.
14

Review of
Finance
Volume 16 Number 1 2012
www.rof.oxfordjournals.org
rof.oxfordjournals.org
ECONOMICS FROM OXFORD JOURNALS
Review of Finance Volume 16 Number 1 2012 2
ISSN 1572-3097 (Print)
ISSN 1573-692X (Online)
The Review of Financial Studies
Financial
Studies
Are Corporate Default Probabilities Consistent with the Static
Trade-off Theory?
Armen Hovakimian, Ayla Kayhan, and Sheridan Titman
Macroeconomic Conditions and Capital Raising
Isil Erel, Brandon Julio, Woojin Kim, and Michael S. Weisbach
Assessing TARP
Dinara Bayazitova and Anil Shivdasani
Do Country-level Investor Protections Aff ect Security-level Contract Design?
Evidence from Foreign Bond Covenants
Darius P. Miller and Natalia Reisel
Jumps and Information Flow in Financial Markets
Suzanne S. Lee
Optimal Corporate Governance and Compensation in a Dynamic World
Thomas H. Noe and Michael J. Rebello
Takeover Bidding with Signaling Incentives
Tingjun Liu
Performance of Institutional Trading Desks: An Analysis of Persistence in
Trading Costs
Amber Anand, Paul Irvine, Andy Puckett, and Kumar Venkataraman
Commodity Liquidity Measurement and Transaction Costs
Ben R. Marshall, Nhut H. Nguyen, and Nuttawat Visaltanachoti
Published on behalf of The Society for Financial Studies
www.rfs.oxfordjournals.org
qje.oxfordjournals.org
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on your mobile device
The Review of Asset Pricing Studies
Asset Pricing
Studies
Jensen’s Inequality, Parameter Uncertainty, and Multi-period
Investment
Mark Grinblatt and Juhani T. Linnainmaa
Limited Investor Attention and Stock Market Misreactions to
Accounting Information
David Hirshleifer, Sonya S. Lim, and Siew Hong Teoh
Does a Central Clearing Counterparty Reduce Counterparty Risk?
Darrell Duffi e and Haoxiang Zhu
Asset Pricing Tests with Long-run Risks in Consumption Growth
George M. Constantinides and Anisha Ghosh
Published on behalf of The Society for Financial Studies
www.raps.oxfordjournals.org
rfs.oxfordjournals.org raps.oxfordjournals.org rcfs.oxfordjournals.org
Review of
Finance
Volume 16 Number 1 January 2012
www.rof.oxfordjournals.org
Journal of the
European Finance
Association
Contents
Articles
Information Asymmetry, Information Precision,
and the Cost of Capital
Richard A. Lambert, Christian Leuz
and Robert E. Verrecchia
Volatility in Equilibrium: Asymmetries and Dynamic
Dependencies
Tim Bollerslev, Natalia Sizova and George Tauchen
What Drives Market Share in the Mutual Fund
Industry?
Ajay Khorana and Henri Servaes
Explaining Corporate Capital Structure: Product
Markets, Leases, and Asset Similarity
Joshua D. Rauh and Amir Sufi
The Dynamics of Venture Capital Contracts
Carsten Bienz and Julia Hirsch
Who Disciplines Bank Managers?
Klaus Schaeck, Martin Cihak, Andrea Maechler and
Stephanie Stolz
The Role of Venture Capital Syndication in Value
Creation for Entrepreneurial Firms
Xuan Tian
Financial Markets Equilibrium with Heterogeneous
Agents
Jakša Cvitanić, Elyès Jouini, Semyon Malamud and
Clotilde Napp
aepp.oxfordjournals.org
Applied Economic Perspectives and Policy
APPLIED ECONOMIC
Agricultural & Applied Economics Association
President: Robert P. King, University of Minnesota
President-Elect: Richard Sexton, University of California, Davis
Past President: Thomas W. Hertel, Purdue University
Executive Director: Kristin Agard
Directors AND POLICY
Bruce A. Babcock, Iowa State University
Formerly Review of Agricultural Economics
Jayson Lusk, Oklahoma State University
Lori Lynch, University of Maryland
James M. MacDonald, USDA-Economic Research Service
GianCarlo Moschini, Iowa State University
Dawn Thilmany McFadden, Colorado State University
Jayson L. Lusk and F. Bailey Norwood
Mission Statement
Carl Johan Lagerkvist, Helena Hansson, Sebastian Hess, and Ruben Hoffman
To enhance the skills, knowledge, and professional contributions
of economists who help society solve agricultural, development,
environmental, food and consumer, natural resource, regional, rural,
and associated applied economics and business problems.
Membership
Calendar-year William Foster, Alberto dues, Valdés, Benjamin including Davis, and all Gustavo AAEA Anríquez publications are as follows:
Regular members $125; Young Professionals $75; Senior (retired and
65+) members $75; Student members $25; Family $225. Members 55 and
older may purchase lifetime memberships.
Members will receive the following publications: American Journal of
Agricultural Economics (five issues per year), Applied Economic
Perspectives and Policy (four issues per year), Choices (four issues per
year), Policy Issues, and The Exchange newsletter of the AAEA (six
issues per year).
For Robert more J. Johnston information and John C. Bergstrom about the Agricultural & Applied Economics
Association, please contact: Agricultural & Applied Economics
Association, 555 East Wells Street, Suite 1100, Milwaukee, WI 53202;
www.aaea.org.
PERSPECTIVES
Tiho Ancev
American Journal of
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Editors
JEFFREY DORFMAN, DAVID A. HENNESSY,
ERIK LICHTENBERG, J. EDWARD TAYLOR
Association of Environmental and Resource Economists
Association of Environmental and Resource Economists
AERE
AERE
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American Journal of Agricultural Economics Volume 94 • Number 2 • 2012 2
1467-8276 (online)
0002-9092 (print)
Volume 94
Robert P. King, Presidential Address, The Science of Design
Number 2
T.W. Schultz Lecture, Kahneman’s Psychology of Value
Proceedings
John Quiggin, Fellows Address, Stabilizing the Global Climate:
A Simple and Robust Benefit-Cost Analysis
January 2012
ASSA Meeting Invited Paper Sessions
The Economics of the Organic Food System
Insights into Obesity from a Behavioral Economics Perspective
Climate Change Policy Design
Agricultural Extension, Transactions Costs, and Supply Response
Cooperation, Reciprocity and Altruism in Developing Countries
Agricultural Export Restrictions
AAEA Meeting Invited Paper Sessions
Experiments with Farmers: Risk, Ambiguity, and Discounting
Farm Labor and Immigration in the United States
Food Safety Issues in China and Its Impact on U.S. Markets
through Trade
Measuring WTP for Animal Welfare in Agricultural Production
Agricultural Policy Reform for the 2012 Farm Bill
Rural Wealth Creation
Sensory Analysis and Consumer Willingness-to-Pay
Invited Paper Case Studies
Award Winning Papers
AAEA Business
Review of
Environmental
Economics and
Policy
Volume 6 Issue 1 Winter 2012
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Review of Environmental Economics and Policy Volume 6 Issue 1 Winter 2012 2
THE REVIEW OF
ECONOMIC
STUDIES
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New in
2011
ISSN 1750-6816 (Print)
ISSN 1750-6824 (Online)
Review of
Environmental
Economics and
Policy
Volume 6 Issue 1 Winter 2012
Features Symposium Articles
http://reep.oxfordjournals.org
Progress and Challenges in Valuing Coastal and Marine Ecosystem Services,
Edward B. Barbier
Forest Figures: Ecosystem Services Valuation and Policy Evaluation in
Developing Countries, Paul J. Ferraro, Kathleen Lawlor, Katrina L. Mullan,
and Subhrendu K. Pattanayak
Evaluating Policies to Increase Electricity Generation from Renewable Energy,
Richard Schmalensee
Post-Kyoto International Climate Policy Architecture
Three Key Elements of a Post-2012 International Climate Policy Architecture,
Sheila M. Olmstead and Robert N. Stavins
Politically Feasible Emissions Targets to Attain 460 ppm CO Concentrations,
2
Valentina Bosetti and Jeffrey Frankel
Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous
World, Gilbert E. Metcalf and David Weisbach
Policy Monitor—U.S. Environmental Protection Agency Valuation of Surface
Water Quality Improvements, Charles Griffiths, Heather Klemick, Matt Massey,
Chris Moore, Steve Newbold, David Simpson, Patrick Walsh, and William Wheeler
Reflections—Defining and Measuring Sustainability, Geoffrey Heal
Announcements
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2012

2012 e x h i b i t o r s a n d s p o n s o r s
Clare College, University of Cambridge and The Paul Mellon Professorial Fund
www.clare.cam.ac.uk
Bank of England, Threadneedle St, London EC2R 8AH
www.bankofengland.co.uk
The Economics Journal, The Royal Economic Society, School of Economics and Finance,
University of St. Andrews, St. Andrews, Fife KY16 9AL
www.ectj.org
The Econometrics Journal, The Royal Economic Society, School of Economics and Finance,
University of St. Andrews, St. Andrews, Fife KY16 9AL
www.res.org.uk/economicjournal
Oxford University Press, Office E130, Great Clarendon Street, Oxford OX2 6DP
www.oup.com
Cambridge University Press, Edinburgh Building, Shaftesbury Road, Cambridge CB2 8BS
www.cambridge.org
Palgrave Macmillan, Houndmills, Basingstoke, Hampshire, RG21 6X2
www.palgrave.com
Harvard University Press, Vernon House, 23 Sicilian Avenue, London, WC1A 2QS
www.hup.harvard.edu
Timberlake Consultants, 842 Greenwich Lane, Union, NJ 07083, USA
www.timberlake.co.uk
T&F Academic GB174, A trading division of Informa UK Ltd., Purchase Ledger Department,
PO Box 7044, Sheepen Place, Colchester, Essex C03 3WQ
www.tandf.co.uk
Gazelle Book Services, White Cross Mills, Hightown, Lancaster, LA1 4XS
www.gazellebookservices.co.uk
Frontiers of Economics in China (FEC), Institute for Advanced Research(IAR),
Shanghai University of Finance and Economics, 111 Wuchuan Rd, Shanghai 200433, China
www.iar.shufe.edu.cn/structure/iar/fec/
Institute of Fiscal Studies, 7 Ridgmount Street, London. WC1E 7AE
www.ifs.org.uk
Centre for Microdata Methods and Practice, Institute for Fiscal Studies, 7 Ridgmount Street,
London WC1E 7AE
www.cemmap.ac.uk
John Wiley & Sons Singapore Pte. Ltd., 1 Fusionopolis Walk, #07-01, Solaris South Tower,
Singapore 138628
daaw@wiley.com
The MIT Press, Suite 2, 1 Duchess Street, London, W1W 6AN
www.mitpress.mit.edu
Pearson Education, Edinburgh Way, Harlow, Essex CM20 2JE
www.pearson.com
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g e n e r a l i n f o r m a t i o n 2012
The main RES2012 conference venue is Robinson College. Robinson is situated in
Grange Road, close to the centre of Cambridge.
When at the conference
Arrival orientation and registration
Registration will take place in the Marquee on Front Court at Robinson College. Please proceed
to the Marquee once you arrive on-site where you will be given an orientation and conference
pack. Please see map for location.
Information point
Delegates should speak to members of staff manning the reception desk for information or call
in at the Porters Lodge which is staffed 24/7.
Internet and telephones
Wireless internet can be used throughout Robinson College. There is a network key/password –
please collect the flyer at the registration desk.
Sessions and Presentations
All rooms will have a laptop and computer projection facilities, therefore each presenter is asked
to bring their presentation material on a flash drive. In each room the laptop will have the
Microsoft Office suite of programmes plus a pdf reader.

Frontiers of Economics in China
Call for Papers
Frontiers of Economics in China (FEC) is one of the English Journals under the umbrella of
Frontiers in China. The latter, as the largest series of academic journals with the broadest
coverage in China, was launched in 2006 by China’s Ministry of Education consisting of 17
disciplines in the fields of natural sciences and 7 in humanities and social sciences. FEC is a
double-blind peer-reviewed economics journal co-sponsored by Higher Education Press, Beijing
and Institute for Advanced Research (IAR), Shanghai University of Finance and Economics, and
is issued overseas by Brill, the Netherlands, available both online and in hard-copy.
The journal welcomes submissions of theoretical and empirical papers from all fields of
economics, especially those on the Chinese economy as well as on China’s economic reform
and development. By publishing state-of-the-art research articles, FEC aspires to become the
most distinguished journal of its kind in China that can best represent various aspects of China’s
economic research.
Online Submission: http://mc.manuscriptcentral.com/fec
Editor:
Guoqiang Tian,
Texas A & M University, Shanghai University
of Finance and Economics
Executive Editor:
James Wen, Trinity College, USA
Co-editors: (in alphabetical order)
Chunrong Ai, University of Florida,
Shanghai University of Finance and Economics
Zhiqi Chen, Carleton University
Kevin X.D. Huang, Vanderbilt University
Neng Wang, Columbia University
Editorial Advisory Board:
Robert J. Barro
Gary S. Becker
Xiwen Chen
Gregory C. Chow
Jiwei Lou
Eric Maskin
Daniel L. McFadden
Douglass North
Dwight H. Perkins
Amartya Sen
Min Tan
Jinglian Wu
Xiaochuan Zhou
Frontiers of Economics in China (FEC), Institute for Advanced Research,
Shanghai University of Finance and Economics
E-mail: fec@mail.shufe.edu.cn
Tel: +86-21-6590 2681
111 Wuchuan Rd, Yangpu District, Shanghai 200433, China
Website: http://www.brill.nl/fecc
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the Denis Sargan econometrics Prize
In 2011 The Econometrics Journal on behalf of the Royal Economic Society agreed to initiate
‘The Denis Sargan Econometrics Prize’.
The prize is awarded for the best (unsolicited) article published in The Econometrics Journal in a
given year by anyone who is within five years of being awarded their doctorate. An honorarium
of £1000 is awarded to the winning author.
The winner of The Denis Sargan Prize is chosen by The Econometrics Journal Editorial Board
(Managing Editor and Co-Editors) and the prize awarded in the year following publication
of the winning article. The first award of the prize will be for an article published in The
Econometrics Journal during 2011. If an article of sufficient quality is not forthcoming in a
given year the prize would not be awarded.
The Denis Sargan Econometrics Prize commemorates the fundamental contributions to and
profound influence on econometrics made by (John) Denis Sargan. Denis Sargan, after periods
spent at the Universities of Leeds, Minnesota and Chicago, was appointed initially as Reader
in Econometrics and then held the Chair of Econometrics at the London School of Economics
and Political Science from 1963 until 1984. He was Tooke Professor of Economic Science and
Statistics from 1982 until his retirement in 1984 and was President of the Econometric Society
in 1980. Denis Sargan died in 1996.
Denis Sargan’s research was prescient anticipating many of the themes that now dominate the
econometrics literature. His 1964 Colston paper “Wages and prices in the United Kingdom: A
study in econometric methodology” introduces the error correction mechanism that underpins
much macroeconomic empirical research. Modern concerns with near identification are
reflected in Denis Sargan’s Presidential Address to the Econometric Society in 1980 published
as “Identification and lack of identification” in Econometrica in 1983. He made a number of
seminal and substantive contributions to research on the estimation of linear simultaneous
equations and instrumental variables models that also feature centrally in current econometric
enquiry. His investigations into exact finite sample properties of econometric estimators and
statistics and the development of improved asymptotic approximations to their small sample
behaviour reflected his deep concern with the accuracy of econometric inferences.
Interested readers might also like to consult:
Sargan, J.D. Contributions to Econometrics. Volumes 1 and 2. (1988) Cambridge:
Cambridge University Press. Obituary.
Desai, M.J., Hendry, D.F., and G.E. Mizon “JOHN DENIS SARGAN”, Economic Journal (1997),
Vol. 107, Issue 443, 1121-1125.
Memorial Issue of Econometric Theory dedicated to John Denis Sargan 1924-1996.
Econometric Theory (2003), Vol.19, No. 3, 416-514.
ET Interviews: Professor J. D. Sargan. Econometric Theory (1985), Vol. 1, No. 1, 119-139.
19

The Royal Economic Society Prize
The Royal Economic Society introduced this prize in 1990, the year of the
Centenary Volume, and awarded it to the author of the best non-solicited
paper published in The Economic Journal over the two-year period 1988-89.
This format for the prize continued until 1996 when the prize became annual
and the money was increased to £3000. A small committee consisting of the RES
President, a representative of The Economic Journal editorial board and one
member of the Society Council appointed by them, awards the prize in the year
following publication.
The 2011 RES Prize for the best non-solicited paper published in The Economic
Journal has been awarded to Loukas Karabarbounis of the University of Chicago
for his paper, ‘One Dollar, One Vote’, vol 121, p621.
The next Royal Economic Society Prize of £3,000 will be for the best paper in
The Economic Journal for the year 2012. A list of previous awards can be found
on the RES website
http://www.res.org.uk/view/RESprizeEconomic.html
The Austin Robinson Memorial Prize
This annual prize of £2000 was launched in 2007 and is awarded for the best
non-solicited paper published in The Economic Journal by an author who is
within five years of completing their PhD. The winner is chosen by the current
Economic Journal editors.
The 2011 Austin Robinson Prize for the best non-solicited paper published in The
Economic Journal has been awarded to Guy Michaels of the LSE for his paper
‘The Long Term Consequences of Resource-Based Specialisation’, vol 121, p31.
The next Austin Robinson Memorial Prize of £2,000 will be for the best paper
published in The Economic Journal by an author within five years of completing
their PhD for the year 2012 A list of previous awards can be found on
the RES website
http://www.res.org.uk/view/austinrobinsonprizeEconomic.html
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The Economic Journal Referee Prize
The Economic Journal depends greatly on the service of its many referees
for the functioning of the peer review process. While many referees help us
tremendously with their comments, some of our referees contribute beyond
the call of duty through their thoroughness and constructive feedback to
the authors. This service in the profession rarely gets acknowledged. Starting
in 2010, the Economic Journal now recognises the contribution of these
exceptional referees with an annual referee prize of £500. We thank all of them
for their outstanding support of the Journal, and the service they have provided
to the authors.
21
2011 Winners:
Francesco Fasani, Institute for Economic Analysis (IAE-CSIC)
Ethan Ilzetzki, London School of Economics
Julia Lane, National Science Foundation (NSF)
Gernot Müller, University of Bonn
Giacomo Ponzetto, CREi, Universitat Pompeu Fabra
Justin Rao, Yahoo! Research
Burkhard Schipper, University of California, Davis
Andrew Shephard, Princeton University
Johannes van Biesebroeck, University of Toronto
David Vines, University of Oxford
The next Economic Journal Referee Prizes will be for 2012.
A list of the first, 2010 winners can be found on the RES website
http://www.res.org.uk/view/EJrefereeprizeEconomic.html

Engaging
Dynamic
Responsive
What is MyEconLab?
It is an online homework and tutorial system for economics
from Pearson, which has been designed with a single purpose in
mind: to help educators create that moment of understanding
with their students.
It includes highly personalised study paths, responsive learning
tools and real-time evaluation and diagnostics. It can be used by
students for self-study or integrated into the delivery of a
module by lecturers and it now includes Experiments.
Experiments are interactive homework assignments which
have been developed in conjunction with Charles Holt,
co-author of Experimental Economics and preeminent
Behavioural Economist. These single and multiplayer ‘games’
can help to bring key economics concepts such as demand and
supply, price controls and information asymmetry to life for
your students in an engaging, dynamic and responsive fashion.
“I’d recommend this technology to anyone. It’s effective,
easy to use, diverse and very flexible. MyEconLab tackles
the problem of growing student numbers, students’
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University of Exeter, UK
To learn more, visit www.pearsoned.co.uk/myeconlab
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10:00
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Monday 26th March 2012 Tuesday 27th March 2012 Wednesday 28th March 2012
General Sessions B
General Sessions D
10:30
(26 - 50)
(76 - 100)
9:30 -11:00
9:30 - 11:00
11:00
CHUDE 10.30 -13:00
11:30 RES Women’s Committee
1200 - 14:00
Tea Tea
12:00 Meeting of the Economic
Journal Editors
12:30
13:00
12:30 - 14:00
European Debt
Crisis Panel
Special Sessions C
11.30 - 13:00
13:30
14:00
14:30 Economic Journal Lecture
RES and AR Prizes
15:00 (14:00 - 15:00)
Lunch Lunch Lunch
Sargan Lecture
(14:00 - 15:00)
Hahn Lecture
(14:00 - 15:00)
15:30
Tea Tea
Tea / RES AGM meeting
16:00
General Sessions C General Sessions E
16:30
(51 - 75)
(101 -125)
General Sessions A
15:30 -17:00
15:30 -17:00
17:00
(1 - 25)
16:00 -17:30
17:30 Tea Tea
18:00 Tea
18:30
19:00
19:30
20:30
Special Sessions A
18:00 - 19:30
p r o g r a m m e o v e r v i e w 2012
Special Sessions B
17:30 - 19:00
Reception at Robinson
College
Gala Dinner at Robinson
College and Clare College
7:45pm

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2012 k e y n o t e s e s s i o n s
Economic Journal Lecture Monday 14.00 – 15.00
elhanan helpman, harvard University Location: West Road Concert Hall
Elhanan Helpman is the Galen L. Stone Professor of International Trade at Harvard University and a
Fellow of the Canadian Institute for Advanced Research. He holds a B.A. degree in Economics and
Statistics from Tel Aviv University, an M.A. degree in Economics from the same institution, and a Ph.D.
degree in Economics from Harvard University.
Helpman has made important contributions to the areas of international trade, economic growth and
political economy. He is a cofounder of the “new trade theory’’ and the “new growth theory,’’ which
emphasize the roles of economies of scale and imperfect competition. Much of his work in trade,
growth, and political economy is summarized in seven books: Market Structure and Foreign Trade
(with Paul Krugman), Trade Policy and Market Structure (with Paul Krugman), Innovation and Growth
in the Global Economy (with Gene Grossman), Special Interest Politics (with Gene Grossman), Interest
Groups and Trade Policy (with Gene Grossman), The Mystery of Economic Growth and Understanding
Global Trade.
Helpman served as Co-Editor of the Journal of International Economics and as Editor of the European
Economic Review. He is currently a Co-Editor of the Quarterly Journal of Economics. He is a Fellow of
the Econometric Society, a Fellow of the European Economic Association and a Distinguished Fellow
of the American Economic Association. He has been honoured with invitations to deliver lectures,
such as the Frank Graham Memorial Lecture at Princeton University, the Schumpeter Lecture of the
European Economic Association, the Walras-Bowley Lecture of the Econometric Society, the Frish
Memorial Lecture of the Econometric Society and the Ohlin Lectures at the Stockholm School of
Economics. He was awarded the Mahalanobis Memorial Medal by the Indian Econometric Society, the
Bernhard-Harms Prize by the Institute for World Economics and the Nemmers Prize by Northwestern
University. He is a member of the Israeli Academy of Sciences and Humanities and a Foreign Honorary
Member of the American Academy of Arts and Sciences. He was President of the Israeli Economic
Association and of the Econometric Society. In Israel he received the Rothschild Prize, the EMET Prize
and the Israel Prize.
Sargan Lecture Tuesday 14:00 – 15:00
Ariel Pakes, harvard University Location: West Road Concert Hall
Ariel Pakes is the Steven McArthur Heller Professor of Economics in the Department of Economics
at Harvard University, where he teaches courses in Industrial Organization and in Econometrics.
Before moving to Harvard in 1999, he was the Charles and Dorothea Dilley Professor of Economics
at Yale University (1997-99). He has held other tenured positions at Yale (1988-97), the University of
Wisconsin (1986-88), and the University of Jerusalem (1985-86). Pakes received his doctorate degree
from Harvard University in 1980, and he stayed at Harvard as a Lecturer until he took up a position in
Jerusalem in 1981. Pakes received the award for the best graduate student advisor at Yale in 1996.
Pakes was elected fellow of the American Academy of Arts and Sciences in 2002. He received the
Frisch Medal of the Econometric Society in 1986, was elected as a fellow of that society in 1988,
and gave the Fisher-Schultz lecture at the World Congress of that society in 2005. He was the
Distinguished Fellow of the Industrial Organization Society in 2007. He has been on the editorial
boards of the RAND Journal of Economics, Econometrica, Economic Letters and the Journal of
Economic Dynamics and Control. He is also a research associate of the NBER, and has been member
of the AEA Committee on Government Statistics, the chair of the AEA Census Advisory Panel, and
co-editor of Proceedings of the National Academy of Science issue on “Science, Technology and the
Economy”.
Professor Pakes’ research has been in Industrial Organization, the Economics of Technological Change
and in Econometric Theory. He and his co-authors have recently focused on developing techniques
which allow us to empirically analyze market responses to policy and environmental changes. This
includes theoretical work on how to estimate demand and cost systems and then use the estimated
parameters to analyze equilibrium responses in different institutional settings, empirical work which
uses these techniques to analyze market outcomes in different industries, and the development of a
framework for the applied analysis of dynamic oligopolies (with and without collusive possibilities).
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k e y n o t e s e s s i o n s 2012
Hahn Lecture Wednesday 14:00 – 15:00
Nancy Stokey, University of Chicago Location: West Road Concert Hall
Nancy L. Stokey is the Frederick Henry Prince Professor of Economics, University of Chicago. She
has served as co-editor of Econometrica and The Journal of Political Economy, and as vice-president
of the American Economic Association. An expert on recursive macroeconomic theory, her work
has synthesized the methodology used in much of modern dynamic economic modelling. Her
recent work on economic growth focuses on the role of education in facilitating the transfer of new
technologies to developing countries. She is a member of the National Academy of Sciences.
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2012 p l e n a r y p a n e l
Lessons from the European Debt Crisis
Session Chair: Giancarlo Corsetti; University of Cambridge
Sponsored by Clare College, Cambridge, Time: 11:30 – 13:00
and The Paul Mellon Professorial Fund Location: West Road Concert Hall
Panel:
Ken Rogoff, harvard University
Kenneth Rogoff is Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard
University. From 2001-2003, Rogoff served as Chief Economist and Director of Research at the
International Monetary Fund. Rogoff’s treatise Foundations of International Macroeconomics (joint with
Maurice Obstfeld) is the standard graduate text in the field worldwide, and his monthly syndicated
column on global economic issues is published regularly in over 50 countries. His 2009 book with
Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly (Princeton University Press),
builds on a large and new data set covering 66 countries and 800 years. The book (a New York Times,
Amazon, and international bestseller) shows the remarkable quantitative similarities across time and
countries in both the run-up to, and the aftermath of, severe financial crises. Rogoff is also known for
his empirical work on exchange rates and for his seminal research on central bank independence and
inflation targeting as an institutional device for enhancing the credibility of monetary policy.
Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts
and Sciences, as well as the Council on Foreign Relations and the Group of Thirty. He has been invited
to give numerous research lectures at universities around the world, and also speaks widely on global
economic issues. He holds the life title of international grandmaster of chess. He is 2011 winner of the
biennial Deutsche Bank Prize awarded by the Center for Financial Economics, as well as the 2011 Adam
Smith award. Rogoff is on the Economic Advisory Panel of the Federal Reserve Bank of New York.
guillermo Calvo, Columbia University
Guillermo Calvo is Professor of Economics, International and Public Affairs, and Director of the Program
in Economic Policy Management (PEPM) at Columbia University since January 2007. He is a Research
Associate at the National Bureau of Economic Research (NBER). He is the former Chief Economist of
the Inter-American Development Bank (2001-2006), President of the Latin American and Caribbean
Economic Association, LACEA, 2000-2001, and President of the International Economic Association,
IEA, 2005-2008. He graduated with a Ph.D. from Yale in 1974.
He was professor of economics at Columbia University (1973-1986), the University of Pennsylvania
(1986-1989), and Distinguished University Professor at the University of Maryland (1993-2006). He was
Senior Advisor in the Research Department of the IMF (1988-1993), and afterwards advised several
governments in Latin America and Eastern Europe.
Honours include: Simon Guggenheim Foundation Fellowship for 1980-1981, King Juan Carlos Prize in
Economics in 2000, LACEA 2006 Carlos Diaz-Alejandro Prize; and fellow of the Econometric Society, the
American Academy of Arts and Sciences, and the National Academy of Economic Sciences (Argentina).
On April 15-16, 2004, the Research Department of the IMF sponsored a conference in his honour.
He has testified before the U.S. Congress on dollarisation and the 1994 Mexican crisis.
His main field of expertise is macroeconomics of Emerging Market and Transition Economies. His recent
work has dealt extensively with capital flows and balance-of-payments crises in Emerging Market
Economies. He has published several books and more than 100 articles in leading economic journals. His
latest book “Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy?” was published in 2005 by
MIT Press, Cambridge, MA.
Lorenzo Bini Smaghi, Visiting Scholar at harvard’s Weatherhead Center for
international Affairs
Lorenzo Bini Smaghi is currently Visiting Scholar at Harvard’s Weatherhead Center for International
Affairs. He is Chairman of the Board of SnamReteGas and of Fondazione Palazzo Strozzi.
From June 2005 to December 2011 he was a Member of the Executive Board of the European Central
Bank, where he was responsible for international and European relations, for the legal department of
the Bank and for the new building project.
He holds a Master’s degree in Economics from the University of Southern California and a Ph.D from
the University of Chicago. He is author of several articles and books on international and European
monetary and financial issues. He is married and has two children.
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s p e c i a l s e s s i o n s 2012
Special Session A1 (Economic Journal)
The Impacts of Diversity on Communities Date: 26 March 2012
and Public Goods Time: 18.00 – 19.30
Organiser: Abigail Payne; McMasters Location: Concert Hall
Chair: Kimberly Scharf; University of Warwick
Ethnic Diversity and Preferences for Redistribution
By Matz Dahlberg; Uppsala University, Karen Edmark; IFN, Research Institute of Industrial Economics,
Helene Lundqvist; Uppsala University
Presented by: Matz Dahlberg; Uppsala University
Discussant: Andrew Zeitlin; University of Oxford
Collective Action in Diverse Sierra Leone Communities
By Rachel Glennerster; MIT, Edward Miguel; University of California, Berkeley,
Alexander Rothenberg; University of California, Berkeley
Presented by: Alexander Rothenberg; University of California, Berkeley
Discussant: Abigail Barr; University of Nottingham
Diversity and Charitable Donations
By James Andreoni; University of California, San Diego, A. Abigail Payne; McMaster University,
Justin Smith; Wilfrid Laurier University
Presented by: A. Abigail Payne; McMaster University
Discussant: Sarah Smith; Bristol University
Special Session A2 Date: 26 March 2012
Can We Restore UK Growth? Time: 18.00 – 19.30
Organiser: John Van Reenen; Director of CEP Location: Auditorium
Chair: Elhanan Helpman; Harvard University
Economic Recovery in the UK and the USA: Lessons from the 1930s
Presented by: Nicholas Crafts (CAGE, University of Warwick)
UK Growth Over the Last 30 Years: What Have We Learned?
By Anna Valero; CEP, London School of Economics,
John Van Reenen; CEP, London School of Economics
Presented by: John Van Reenen; CEP, London School of Economics
Taxation of the Income from Intellectual Property and
Government Tax Competition,
By Rachel Griffith; Institute for Fiscal Studies,
Helen Miller and Martin O’Connell; Institute for Fiscal Studies
Presented by: Rachel Griffith; Institute for Fiscal Studies
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Special Session A3 Date: 26 March 2012
Political Economy of Institutions Time: 18.00 – 19.30
Organiser: Sharun Mukand; University of Warwick Location: Riley Room
Chair: Sanjay Jain; University of Cambridge
Corruption and Shadow Campaign Financing: Evidence from Russia
Presented by: Robin Burgess; London School of Economics (LSE)
On Engineering Institutional Change
Presented by: Sayantan Ghosal; University of California and University of Warwick
Rent Seeking and Political Turnover
Presented by: Pierre Yared; Columbia Business School
Special Session A4 Date: 26 March 2012
Consumer Confidence and Employers Willingness to Hire Time: 18.00 – 19.30
Organiser: Wouter Den Haan; London School of Economics Location: Urney Room
Chair: Wouter Den Haan; London School of Economics
Fiscal Policy in an Unemployment Crisis
Presented by: Pontus Rendahl; University of Cambridge
Aggregate Implications of Financial and Labour Market Friction
By Andrea Caggese; Universitat Pompeu Fabra, Ander Perez; Universitat Pompeu Fabra
Presented by: Ander Perez; Universitat Pompeu Fabra
Interaction between Demand for Labor and Consumption
over the Business Cycle
Presented by: Wouter Den Haan; London School of Economics
Special Session A5 Date: 26 March 2012
Trade Finance, Banks, and International Trade Time: 18.00 – 19.30
Organiser: Tim Schmidt-Eisenlohr; University of Oxford Location: Elton Room
Chair: Tim Schmidt-Eisenlohr; University of Oxford
Towards a Theory of Trade Finance
Presented by: Tim Schmidt-Eisenlohr; University of Oxford
Discussant: TBA
Bank Intermediation and Default Risk in International Trade
By Jacques Potin; ESSEC Business School, Nicolas Glady; ESSEC Business School
Presented by: Jacques Potin; ESSEC Business School
Discussant: Martina Engemann; University of Munich
How Trade Credits Foster International Trade
By Monika Schnitzer, Katharina Eck, Martina Engemann; University of Munich
Presented by: Monika Schnitzer; University of Munich
Discussant: Silja Baller; University of Oxford
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s p e c i a l s e s s i o n s 2012
Special Session B1 (Bank of England) Date: 27 March 2012
Labour Productivity and Labour Market Adjustment Time: 17.30 – 19.00
Organiser: Maria Barriel; Bank of England Location: Concert Hall
Chair: Spencer Dale; Bank of England Chief Economist
Discussion on addressing the following questions:
Productivity Implications of the Financial Crisis: an Historical Perspective
Presented by: Professor Nicholas Crafts; University of Warwick
Labour productivity after the Great Recession: full recovery or permanent damage?
Presented by: Nicholas Oulton; CEP, London School of Economics
US productivity in the Great recession: a different experience?
Presented by: John Fernald; Federal Reserve Bank of San Francisco
Special Session B2 Date: 27 March 2012
The Youth Labour Market Time: 17.30 – 19.00
Organiser: Richard Dorsett; NIESR Location: Auditorium
Chair: Richard Dorsett; NIESR
How can we tackle youth unemployment?
By Barbara Petrongolo; QMW and CEP, London School of Economics
John Van Reenen; CEP, London School Of Economics
Presented by: John Van Reenen; CEP, London School Of Economics
Going Separate Ways? School-to-Work Transitions in the United States and Europe
By Glenda Quintini; OECD, Thomas Manfredi; OECD
Presented by: Glenda Quintini; OECD
Snakes And Ladders in the Youth Labour Market
By Richard Dorsett; NIESR, Paolo Lucchino; NIESR
Presented by: By Richard Dorsett; NIESR
“I ain’t good at doing unemployment time”: the dynamics of youth unemployment
and well-being
By David Bell; University of Stirling, David Blanchflower; Dartmouth College and University of Stirling,
Liam Delaney; University of Stirling
Presented by: David Bell; University of Stirling
Special Session B3 (Economic Journal) Date: 27 March 2012
Economics of Illegal Markets Time: 17.30 – 19.00
Organiser: Imran Rasul; University College London Location: Riley Room
Chair: Stephen Machin; University College London
An Introduction on the Economics of Crime
Presented by: Stephen Machin; University College London
Crime and the Depenalization of Cannabis Possession: Evidence from a Policing Experiment
By Jerome Adda; European University Institute, Brendon McConnell; University College London,
Imran Rasul; University College London
Presented by: Imran Rasul; University College London
The Use of Violence in Illegal Markets: Evidence from Mahogany Trade in the
Brazilian Amazon
By Ariaster Chimeli; Ohio University, Rodrigo Soares; Pontifícia Universidade Católica do Rio de Janeiro
Presented by: Rodrigo Soares; Pontifícia Universidade Católica do Rio de Janeiro
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sponsored by
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t u e s d a y 2 7 m a r c h w e d n e s d a y 2 8 m a r c h
2012 s p e c i a l s e s s i o n s
Special Session B4
Network Experiments Date: 27 March 2012
Organisers: Sanjeev Goyal; University of Cambridge, Time: 17.30 – 19.00
Edoardo Gallo; University of Cambridge Location: Urney Room
Chair: Sanjeev Goyal; University of Cambridge
Equilibrium Selection and Random Networks in Experimental Games
By Gary Charness; UC Santa Barbara, Francesco Feri; Royal Holloway,
Miguel A. Meléndez-Jiménez; University of Málaga, Matthias Sutter; University of Gothenburg
Presented by: Gary Charness; UC Santa Barbara
Discussant: Andrea Galeotti; Essex University
Communication, Coordination and Networks
By Syngjoo Choi; University College London, Jihong Lee; Birkbeck College
Presented by: By Syngjoo Choi; University College London
Discussant: Roberta Dessi; University of Toulouse I
Network Cognition
By Roberta Dessi; University of Toulouse I, Edoardo Gallo; University of Cambridge,
Sanjeev Goyal; University of Cambridge
Presented by: Edoardo Gallo; University of Cambridge
Discussant: Gary Charness; UC Santa Barbara
Special Session B5
Consumption, Income Shocks and Heterogeneity
Organisers: Thomas Crossley; Date: 27 March 2012
University of Cambridge, Koc University and IFS, Time: 17.30 – 19.00
Hamish Low; University of Cambridge Location: Elton Room
Chair: Hamish Low; University of Cambridge
Income and Consumption: A Micro Structural Analysis
By Sule Alan; University of Cambridge and Koc University,
Martin Browning; University of Oxford and IFS, Mette Ejrnæs; University of Copenhagen and SFI
Presented by: Martin Browning; University of Oxford and IFS
Consumption Smoothing and Family Labor Supply
By Richard Blundell; University College London and IFS, Itay Saporta; Stanford University,
Luigi Pistaferri; Stanford University
Presented by: Richard Blundell; University College London and IFS
Early Career Uncertainty and Heterogeneity
By Thomas Crossley; University of Cambridge, Koc University and IFS,
Hamish Low; University of Cambridge and IFS, Todd Stinebrickner; Western Ontario
Presented by: Thomas Crossley; University of Cambridge
Discussant: Olympia Bover; Bank of Spain
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s p e c i a l s e s s i o n s 2012
Special Session C1 (Bank of England)
Macroprudential Policy in Theory and Practice Date: 28 March 2012
Organisers: Victoria Saporta, Ben Nelson, Sujit Kapadia; Time: 11.30 – 13.00
Bank of England Location: Concert Hall
Chair: Victoria Saporta; Head of Prudential Policy Division, Bank of England
A Macroeconomic Model of Endogenous Systemic Risk Taking
Presented by: Javier Suarez; CEMFI
Ratio Controls Need Reconsideration
Presented by: Charles Goodhart; London School of Economics
Policymaker Panel Discussion:
Presented by: Paul Tucker; Deputy Governor, Financial Stability, Bank of England,
Francesco Mazzaferro; European Systemic Risk Board,
Meg McConnell; The Federal Reserve Bank of New York,
Amias Gerety; Deputy Assistant Secretary for the US Financial Stability Oversight Council
Special Session C2 (The Econometrics Journal) Date: 28 March 2012
Econometrics of Forecasting Time: 11.30 – 13.00
Organiser: Richard J. Smith; University of Cambridge Location: Auditorium
Chair: Richard J. Smith; University of Cambridge
Economic Theory and Forecasting
Presented by: Raffaella Giacomini; University College London
Likelihood-Based Dynamic Factor Analysis for Measurement and Forecasting
By Siem Jan Koopman; Free University Amsterdam, Borus Jungbacker; Tinbergen Institute
Presented by: Siem Jan Koopman; Free University Amsterdam
Discussant: Brendan McCabe; University of Liverpool
Special Session C3 Date: 28 March 2012
Food Consumption, Nutrition and Health Time: 11.30 – 13.00
Organiser: Melanie Luhrmann; University of London & IFS Location: Riley Room
Chair: Frederic Vermeulen; Tilburg University
Demand for Nutrients: A Cross-Country Comparison
By Pierre Dubois; Toulouse School of Economics, Rachel Griffith; Manchester University and IFS,
Aviv Nevo; Northwestern University
Presented by: Pierre Dubois; Toulouse School of Economics
Mixing Messages: Health News And Consumer Reactions
By Martin Browning; University of Oxford, Lars Gårn Hansen; FOI, Copenhagen,
Sinne Smed; FOI, Copenhagen
Presented by: Martin Browning; University of Oxford
Obesity, Nutrition and Physical activity
By Rachel Griffith; Manchester University, Rodrigo Lluberas; Royal Holloway,
Melanie Luhrmann; Royal Holloway
Presented by: Melanie Luhrmann; Royal Holloway
Discussant: Thomas Crossley; University of Cambridge, Koç University, IFS
sponsored by
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2012 s p e c i a l s e s s i o n s
Special Session C4 Date: 28 March 2012
Public Sector Employment and Labour Market Equilibrium Time: 11.30 – 13.00
Organiser: Fabien Postel-Vinay; University of Bristol Location: Urney Room
Chair: Fabien Postel-Vinay; University of Bristol
Public Sector Employment in an Equilibrium Search and Matching Model
By James Albrecht, Susan Vroman; Georgetown University,
Lucas Navarro; ILADES, Universidad Alberto Hurtado
Presented by: James Albrecht; Georgetown University
Fiscal Policy And The Labour Market: The Effects Of Public Sector Employment And Wages
Presented by: Pedro Gomes; Universidad Carlos III de Madrid
Public Sector Wage Policy and Labor Market Equilibrium: a Structural Model
By Jake Bradley, Fabien Postel-Vinay, and Hélène Turon; University of Bristol
Presented by: Fabien Postel-Vinay; University of Bristol
Special Session C5 Date: 28 March 2012
Young Talent Time: 11.30 – 13.00
Organiser: Royal Economic Society Location: Elton Room
Chair: Richard Blundell; University College London and Royal Economic Society
Credit Constraints and Growth in a Global Economy
Presented by: Keyu Jin; London School of Economics
Home Equity, Mobility, and Macroeconomic Fluctuations
Presented by: Vincent Sterk; University College London
Information and Collective Action in Community Monitoring of Schools: Field and Lab
Experimental Evidence from Uganda
By Abigail Barr; University of Nottingham, Frederick Mugisha; EPRC,
Pieter Serneels; University of East Anglia, Andrew Zeitlin; University of Oxford
Presented by: Andrew Zeitlin; University of Oxford
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s u m m a r y o f g e n e r a l s e s s i o n s 2012
March 26, 2012
16:00-17:30
March 27, 2012
9:30-11:00
33
General Sessions A
General Sessions B
Location Title
1 Auditorium (Robinson College) Econometrics I
2 Umney Theatre (Robinson College) Asset Pricing I
3 Junior Common Room (Robinson College) Topics In Political Economy
4 Music Room (Robinson College) Macroeconomic Fluctuations I
5 Games Room (Robinson College) Monetary Economics I
6 Linnett Room (Robinson College) Systemic and Sovereign Risk
7 Garden Room (Robinson College) Growth Theory
8 Auditorium Lounge (Robinson College) Topics In Macroeconomics
9 Umney Lounge (Robinson College) Corporate Finance
10 TR7 (Robinson College) Game Theory I
11 Teaching Room A (Robinson College) Preferences and Choice I
12 J8 (Robinson College) Marriage and Divorce
13 GR04 (Faculty of English) Household Finance
14 GR05 (Faculty of English) Female Labor Supply
15 GR06 (Faculty of English) Policy and Labor Markets
16 GR07 (Faculty of English) Unemployment
17 Riley Auditorium (Clare College) Pricing I
18 Elton Room (Clare College) Education Policy I
19 Bennett Room (Clare College) Peer Effects
20 Bowring Room (Clare College) Proximity in Trade and Innovation
21 Glover Room (Clare College) Topics In Trade I
22 Lecture Room 2 (West Road Concert Hall) Health Choices
23 Lecture Room 1 (West Road Concert Hall) Child Health In Developing Countries I
24 Lecture Room 3 (West Road Concert Hall) Experimental Economics I
25 Main Concert Hall (West Road Concert Hall) Environmental Economics I
Location Title
26 Auditorium (Robinson College) Econometrics II
27 Umney Theatre (Robinson College) Asset Pricing II
28 Junior Common Room (Robinson College) International Finance
29 Music Room (Robinson College) Consumption in Developing Countries
30 Games Room (Robinson College) Debt and Crises
31 Linnett Room (Robinson College) Financial Frictions in DSGE Models
32 Garden Room (Robinson College) Macroeconomic Theory I
33 Auditorium Lounge (Robinson College) Monetary Policy I
34 Umney Lounge (Robinson College) Sovereign Debt
35 TR7 (Robinson College) Endogenous Growth
36 Teaching Room A (Robinson College) Public Goods and Taxation
37 J8 (Robinson College) Institutions, Culture and Development
38 GR04 (Faculty of English) Fertility
39 GR05 (Faculty of English) Wage Inequality
40 GR06 (Faculty of English) Mechanisms and Contracts I
41 GR07 (Faculty of English) Economics of Networks
42 Riley Auditorium (Clare College) Pricing II
43 Elton Room (Clare College) Values, Ideology, and Policy Choices
44 Bennett Room (Clare College) Firm Heterogeneity and International
Trade
45 Bowring Room (Clare College) Trade and Quality
46 Glover Room (Clare College) Teacher Incentives
47 Lecture Room 2 (West Road Concert Hall) Experimental Economics II
48 Lecture Room 1 (West Road Concert Hall) Economics of Happiness I
49 Lecture Room 3 (West Road Concert Hall) Infectious Diseases: Causes,
Consequences and Policy
50 Main Concert Hall (West Road Concert Hall) Environmental Economics II

2012 s u m m a r y o f g e n e r a l s e s s i o n s
March 27, 2012
15:30-17:00
March 28, 2012
9:30-11:00
General Sessions C
General Sessions D
Location Title
51 Auditorium (Robinson College) Macroeconomic Dynamics And Asset
Prices I
52 Umney Theatre (Robinson College) Finance, Investment and Growth
53 Junior Common Room (Robinson College) International Business Cycles I
54 Music Room (Robinson College) Monetary Economics II
55 Games Room (Robinson College) Banking
56 Linnett Room (Robinson College) Fiscal Policy I
57 Garden Room (Robinson College) Consumption
58 Auditorium Lounge (Robinson College) DSGE Models
59 Umney Lounge (Robinson College) Banking
60 TR7 (Robinson College) Growth Empirics
61 Teaching Room A (Robinson College) Oil and Gasoline Prices
62 J8 (Robinson College) African Growth and Development
63 GR04 (Faculty of English) Game Theory II
64 GR05 (Faculty of English) Market Power and Differentiation
65 GR06 (Faculty of English) Mechanisms and Contracts II
66 GR07 (Faculty of English) Topics in Industrial Organisation
67 Riley Auditorium (Clare College) Wage Determination I
68 Elton Room (Clare College) Inequality and Poverty
69 Bennett Room (Clare College) Corporate Governance
70 Bowring Room (Clare College) Intra-Household Issues in Developing
Countries
71 Glover Room (Clare College) Pupil Effort and Performance
72 Lecture Room 2 (West Road Concert Hall) Economic Consequences of Health
Status
73 Lecture Room 1 (West Road Concert Hall) Trade Policy
74 Lecture Room 3 (West Road Concert Hall) Topics In Trade II
75 Main Concert Hall (West Road Concert Hall) Voting and Elections
Location Title
76 Auditorium (Robinson College) Macroeconomic Dynamics And Asset
Prices II
77 Umney Theatre (Robinson College) Econometrics III
78 Junior Common Room (Robinson College) Monetary Policy II
79 Music Room (Robinson College) Macroeconomic Theory II
80 Games Room (Robinson College) Exchange Rates and Terms of Trade
81 Linnett Room (Robinson College) Dynamic Models of Household
Behavior and Labor Supply
82 Garden Room (Robinson College) Labor Supply and Search
83 Auditorium Lounge (Robinson College) Wage Determination II
84 Umney Lounge (Robinson College) Topics in Growth
85 TR7 (Robinson College) Macroeconomic Fluctuations II
86 Teaching Room A (Robinson College) Knowledge Diffusion and IPRs
87 J8 (Robinson College) Admission Policies in Education
88 GR04 (Faculty of English) Financial Regulation
89 GR05 (Faculty of English) Industry Dynamics
90 GR06 (Faculty of English) Productivity I
91 GR07 (Faculty of English) Reputation and Signalling in Markets
92 Riley Auditorium (Clare College) Experimental Economics III
93 Elton Room (Clare College) Mechanisms and Contracts III
94 Bennett Room (Clare College) Compliance and Regulation
95 Bowring Room (Clare College) Topics in Development
96 Glover Room (Clare College) Effects on Health
97 Lecture Room 2 (West Road Concert Hall) Economics of Conflict
98 Lecture Room 1 (West Road Concert Hall) Topics In Trade III
99 Lecture Room 3 (West Road Concert Hall) Economics of Happiness II
100 Main Concert Hall (West Road Concert Hall) Environmental Economics III
34

s u m m a r y o f g e n e r a l s e s s i o n s 2012
March 28, 2012
15:30-17:00
35
General Sessions E
Location Title
101 Auditorium (Robinson College) Fiscal Policy II
102 Umney Theatre (Robinson College) Financial Frictions and Macroeconomic
Fluctuations
103 Junior Common Room (Robinson College) International Business Cycles II
104 Music Room (Robinson College) Labour Demand
105 Games Room (Robinson College) Housing Markets
106 Linnett Room (Robinson College) Aggregate Productivity
107 Garden Room (Robinson College) Macro Models of the Labour Market
108 Auditorium Lounge (Robinson College) Monetary Economics III
109 Umney Lounge (Robinson College) Inequality and Risk
110 TR7 (Robinson College) Institutions and Labour Markets
111 Teaching Room A (Robinson College) Topics in Growth and Development
112 J8 (Robinson College) Foreign Aid
113 GR04 (Faculty of English) Tax Competition
114 GR05 (Faculty of English) Taxation
115 GR06 (Faculty of English) Mechanisms and Contracts IV
116 GR07 (Faculty of English) Preferences and Choice II
117 Riley Auditorium (Clare College) Patents and Innovation
118 Elton Room (Clare College) Productivity II
119 Bennett Room (Clare College) Education Policy II
120 Bowring Room (Clare College) School Performance
121 Glover Room (Clare College) Economics of Crime
122 Lecture Room 2 (West Road Concert Hall) Productivity in Developing and
Emerging Countries
123 Lecture Room 1 (West Road Concert Hall) Trade Flows
124 Lecture Room 3 (West Road Concert Hall) Health Policy
125 Main Concert Hall (West Road Concert Hall) Political Regimes

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2012 g e n e r a l s e s s i o n s
a m general sessions a
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general sessions d general sessions e
m o n d a y 16.00 – 17.30
Session 1: Econometrics I Time: 16:00 - 17:30
Session Chair: Jinhyun Lee; University of St Andrews Location: Auditorium (Robinson College)
Spatial Decentralization and Program Evaluation: Theory and an Example
By Mark Pitt; Brown University, Nidhiya Menon; Brandeis University
Presented by: Nidhiya Menon; Brandeis University
Population Average Gender Effects
By Tymon Sloczynski; Warsaw School of Economics
Presented by: Tymon Sloczynski; Warsaw School of Economics
Heaping-Induced Bias in Regression-Discontinuity Designs
By Glen Waddell; University of Oregon
Presented by: Glen Waddell; University of Oregon
Falsifiability of Economic Assumptions under Partial Identification
By Jinhyun Lee; University of St Andrews
Presented by: Jinhyun Lee; University of St Andrews
Session 2: Asset Pricing I
Session Chair: Michael Bauer; Time: 16:00 - 17:30
Federal Reserve Bank of San Francisco Location: Umney Theatre (Robinson College)
A Structural Model of Short-Term Reversals
By Matti Suominen; Aalto University School of Economics
Presented by: Matti Suominen; Aalto University School of Economics
Can Equity Volatility Explain the Global Loan Pricing Puzzle?
By Pinar Uysal; EPFL, Lewis Gaul; Office of the Comptroller of the Currency
Presented by: Pinar Uysal; EPFL
Stock Returns Memories: a “Stardust” Memory?
By Julien Fouquau; Rouen Business School, Philippe Spieser; ESCP Europe
Presented by: Julien Fouquau; Rouen Business School
Unbiased Estimation of Dynamic Term Structure Models
By Michael Bauer; Federal Reserve Bank of San Francisco,
Glenn Rudebusch; Federal Reserve Bank of San Francisco,
Jing Cynthia Wu; The University of Chicago
Presented by: Michael Bauer; Federal Reserve Bank of San Francisco
Session 3: Topics In Political Economy
Session Chair: Ioana Petrescu; Time: 16:00 - 17:30
University of Maryland Location: Junior Common Room (Robinson College)
Decentralization, Collusion and Coalmine Deaths in China
By Ruixue Jia; Stockholm University
Presented by: Ruixue Jia; Stockholm University
Conflict and Mobility: Resource Sharing among Groups
By Sourav Bhattacharya; University of Pittsburgh, Joyee Deb; New York University,
Tapas Kundu; International Peace Research Institute, Oslo
Presented by: Tapas Kundu; International Peace Research Institute, Oslo
The Effect of Mafia on Public Transfers
By Gaia Narciso; Trinity College Dublin
Presented by: Gaia Narciso; Trinity College Dublin
Black Markets and Economic Sanctions
By Ioana Petrescu; University of Maryland
Presented by: Ioana Petrescu; University of Maryland
36

sge es ns ei or na s l xs ex s s– i oxn x s 2012
tm uoe ns d a y 09.30 16.00 – 12.30 17.30
Session 4: Macroeconomic Fluctuations I Time: 16:00 - 17:30
Session Chair: Paolo Bonomolo; University of Pavia Location: Music Room (Robinson College)
Policy Change and Learning in the RBC Model
By Kaushik Mitra; University of St. Andrews
Presented by: Kaushik Mitra; University of St. Andrews
Organizational Dynamics and Aggregate Fluctuations: The Role of Financial Relationship
By Keisuke Otsu; University of Kent, Masashi Saito; Bank of Japan
Presented by: Keisuke Otsu; University of Kent
Expectations and Business Cycles: the Role of Monetary Policy
By Michael Rousakis; University of Warwick
Presented by: Michael Rousakis; University of Warwick
Rational Sunspots and Drifting Parameters
By Guido Ascari; Universita degli Studi di Pavia, Paolo Bonomolo; University of Pavia
Presented by: Paolo Bonomolo; University of Pavia
Session 5: Monetary Economics I
Session Chair: Efrem Castelnuovo; Time: 16:00 - 17:30
University of Padova Location: Games Room (Robinson College)
Household Inflation Expectations in the UK: Exploiting the Cross-sectional Dimension
By Alina Barnett; Bank of England, Haroon Mumtaz; Bank of England,
Matthias Paustian; Bank of England, Silvia Pezzini; Bank of England
Presented by: Alina Barnett; Bank of England
International Evidence on Inflation Expectations during Sustained Off-Target Inflation
(SOTI) Episodes
By Matthew Corder; Bank of England, Daniel Eckloff; University of Bath
Presented by: Matthew Corder; Bank of England
Testing for the Degree of Commitment via Set-identification
By Laura Coroneo; University of Manchester, Valentina Corradi; University of Warwick,
Paulo Santos Monteiro; University of Warwick
Presented by: Laura Coroneo; University of Manchester
Monetary Policy Neutrality? Sign Restrictions Go to MonteCarlo
By Efrem Castelnuovo; University of Padova
Presented by: Efrem Castelnuovo; University of Padova
Session 6: Systemic and Sovereign Risk Time: 16:00 - 17:30
Session Chair: Xin Zhang; VU University Amsterdam Location: Linnett Room (Robinson College)
Systemic Risk and International Mutual Funds
By Huanhuan Zheng; The University of York, The Chinese University of Hong Kong
Presented by: Huanhuan Zheng; The University of York, The Chinese University of Hong Kong
Transmission of Sovereign Risk in the Euro Crisis
By Filippo Brutti; University of Zurich
Presented by: Filippo Brutti; University of Zurich
Conditional Probabilities and Contagion Measures for Euro Area Sovereign Default Risk
By Xin Zhang; VU University Amsterdam, Bernd Schwaab; European Central Bank,
Andre Lucas; VU University Amsterdam
Presented by: Xin Zhang; VU University Amsterdam
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2012 g e n e r a l s e s s i o n s
a m general sessions a
general sessions b general sessions c
general sessions d general sessions e
m o n d a y 16.00 – 17.30
Session 7: Growth Theory
Session Chair: Alessandra Pelloni; Time: 16:00 - 17:30
University of Rome Location: Garden Room (Robinson College)
Knowledge and Growth in the Very Long Run
By Holger Strulik; University of Hannover
Presented by: Holger Strulik; University of Hannover
Long-Term Growth and Persistence with Endogenous Depreciation: Theory and Evidence
By Ilaski Barañano; Universidad del País Vasco, Diego Romero-Ávila; Pablo de Olavide University
Presented by: Diego Romero-Ávila; Pablo de Olavide University
`Love of Wealth’ and Economic Growth
By Günther Rehme; Technische Universität Darmstadt
Presented by: Günther Rehme; Technische Universität Darmstadt
Productivity Growth and Volatility: How Important are Wage and Price Rigidities?
By Alessandra Pelloni; University of Rome
Presented by: Alessandra Pelloni; University of Rome
Session 8: Topics In Macroeconomics
Session Chair: Abhinay Muthoo; Time: 16:00 - 17:30
University of Warwick Location: Auditorium Lounge (Robinson College)
Actively Learning by Pricing: A Model of an Experimenting Seller
By Tim Willems; University of Amsterdam
Presented by: Tim Willems; University of Amsterdam
Do Credit Market Imperfections Justify a Central Bank’s Response to Asset Price
Fluctuations?
By Kengo Nutahara; Senshu University
Presented by: Kengo Nutahara; Senshu University
Incomplete Pass-Through in a Model of Retailers - Wholesalers Relationships
By Mirko Abbritti; Universidad de Navarra
Presented by: Mirko Abbritti; Universidad de Navarra
Ex-Ante Price Commitment with Renegotiation in a Dynamic Market
By Abhinay Muthoo; University of Warwick
Presented by: Abhinay Muthoo; University of Warwick
Session 9: Corporate Finance
Session Chair: Nina Yin; Time: 16:00 - 17:30
Toulouse School of Economics Location: Umney Lounge (Robinson College)
The Role of Agency Costs in Financial Conglomeration
By Sylvain Bourjade; Toulouse Business School, Ibolya Schindele; BI Norwegian Business School
Presented by: Ibolya Schindele; BI Norwegian Business School
Managerial Decision Making under Uncertainty: The Case of Twenty20 Cricket
By Abhinav Sacheti; University of Nottingham, Ian Gregory-Smith; University of Edinburgh,
David Paton; Nottingham University Business School
Presented by: Abhinav Sacheti; University of Nottingham
Taking a Bath while Receiving the Baton - An Empirical Analysis of CEO Behavior during
Turnovers in Banks
By Sven Bornemann; University of Münster, Thomas Kick; Deutsche Bundesbank,
Andreas Pfingsten; University of Muenster, Andrea Schertler; Christian-Albrechts-Universität zu Kiel
Presented by: Andrea Schertler; Christian-Albrechts-Universität zu Kiel
Venture Capital, Patents and Innovation
By Roberta Dessi; Toulouse School of Economics, Nina Yin; Toulouse School of Economics
Presented by: Nina Yin; Toulouse School of Economics
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m o n d a y 16.00 – 17.30
Session 10: Game Theory I Time: 16:00 - 17:30
Session Chair: Tarun Sabarwal; University of Kansas Location: TR7 (Robinson College)
Communication and Commitment in Contests
By Oliver Guertler; University of Cologne, Qiang Fu; National University of Singapore,
Johannes Munster; Free University of Berlin
Presented by: Oliver Guertler; University of Cologne
Unmediated and Mediated Communication Equilibria of Battle of the Sexes with Incomplete
Information
By Chirantan Ganguly; Queen’s University Belfast
Presented by: Chirantan Ganguly; Queen’s University Belfast
Characterizing Stability Properties in Games with Strategic Substitutes
By Sunanda Roy; Iowa State University, Tarun Sabarwal; University of Kansas
Presented by: Tarun Sabarwal; University of Kansas
Session 11: Preferences and Choice I
Session Chair: Pei-Ju Liao; Time: 16:00 - 17:30
Institute of Economics, Academia Sinica Location: Teaching Room A (Robinson College)
Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion
By Jan Heufer; TU Dortmund University
Presented by: Jan Heufer; TU Dortmund University
Mirror Utility Functions and Reflexion Properties of Various Classes of Goods
By Keith Moffatt; University of Cambridge, Peter Moffatt; University of East Anglia
Presented by: Keith Moffatt; University of Cambridge
Modelling Illegal Drug Participation
By Sarah Brown; University of Sheffield, Mark Harris; Monash University,
Preety Srivastava; Monash University
Presented by: Sarah Brown; University of Sheffield
Revisiting Private Health Insurance and Precautionary Saving -
A Theoretical and Empirical Analysis
By Minchung Hsu; National Grad Institute Policy Studies,
Pei-Ju Liao; Institute of Economics, Academia Sinica, Chang-Ching Lin; Academia Sinica
Presented by: Pei-Ju Liao; Institute of Economics, Academia Sinica
Session 12: Marriage and Divorce
Session Chair: Georgi Kocharkov; Time: 16:00 - 17:30
Universidad Carlos III de Madrid Location: J8 (Robinson College)
Why Not Settle Down Already? A Quantitative Analysis of the Delay in Marriage
By Cezar Santos; University of Pennsylvania, David Weiss; University of Pennsylvania
Presented by: Cezar Santos; University of Pennsylvania
Fecundity Differentials and Child Custody
By Eva Garcia-Moran; European University Institute
Presented by: Eva Garcia-Moran; European University Institute
Matching with a Handicap: The Case of Smoking in the Marriage Market
By Pierre-Andre Chiappori; Columbia University, Sonia Oreffice; Universitat d’Alacant,
Climent Quintana-Domeque; Universitat d’Alacant
Presented by: Sonia Oreffice; Universitat d’Alacant
Abortions and Inequality
By Georgi Kocharkov; Universidad Carlos III de Madrid
Presented by: Georgi Kocharkov; Universidad Carlos III de Madrid
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2012 g e n e r a l s e s s i o n s
a m general sessions a
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m o n d a y 16.00 – 17.30
Session 13: Household Finance
Session Chair: Philippe Bracke; Time: 16:00 - 17:30
London School of Economics Location: GR04 (Faculty of English)
Subjective Stock Market Return Expectations, Information and Stock Market Participation:
Evidence from France
By Hector Calvo Pardo; University of Southampton
Presented by: Hector Calvo Pardo; University of Southampton
Household Portfolios and Risk Bearing Over Age and Time
By Alessandro Bucciol; University of Verona, Raffaele Miniaci; University of Brescia
Presented by: Raffaele Miniaci; University of Brescia
Cognitive Ageing and Risk Attitude
By Eric Bonsang; Maastricht University, Thomas Dohmen; ROA
Presented by: Eric Bonsang; Maastricht University
Homeownership and Entrepreneurship
By Philippe Bracke; London School of Economics
Presented by: Philippe Bracke; London School of Economics
Session 14: Female Labor Supply
Session Chair: Natalia Kolesnikova; Time: 16:00 - 17:30
Federal Reserve Bank of St. Louis Location: GR05 (Faculty of English)
The Long-term Effects of In-work Benefits in a Life-cycle Model for Policy Evaluation
By Richard Blundell; UCL, Monica Costa Dias; IFS, Costas Meghir; Yale,
Jonathan Shaw; Institute for Fiscal Studies
Presented by: Jonathan Shaw; Institute for Fiscal Studies
With Strings Attached:
Grandparent-Provided Child Care, Fertility, and Female Labor Market Outcomes
By Zoe Kuehn; Universidad Complutense de Madrid, Eva Garcia-Moran; European University Institute
Presented by: Zoe Kuehn; Universidad Complutense de Madrid
Maternity and Labour Market Outcomes: Short and Long Term Effects
By Agar Brugiavini; Università Ca’ Foscari di Venezia, Giacomo Pasini; Venice University,
Elisabetta Trevisan; University of Padua
Presented by: Elisabetta Trevisan; University of Padua
Why Do So Few Women Work in New York (And So Many in Minneapolis)?
Labor Supply of Married Women across U.S. Cities
By Natalia Kolesnikova; Federal Reserve Bank of St. Louis
Presented by: Natalia Kolesnikova; Federal Reserve Bank of St. Louis
Session 15: Policy and Labor Markets
Session Chair: Nadja Dwenger; Time: 16:00 - 17:30
Max Planck Institute for Tax Law and Public Finance Location: GR06 (Faculty of English)
Who Pays for Occupational Pensions?
By Ola Vestad; Frisch Centre
Presented by: Ola Vestad; Frisch Centre
Is Contracting-out Intensified Placement Services More Effective than In-house Production?
Evidence from a Randomized Field Experiment
By Gerhard Krug; Institute for Employment Research,
Gesine Stephan; Institute for Employment Research
Presented by: Gesine Stephan; Institute for Employment Research
Minimum Wages and Black-White Employment Difference: Is It About Skills Gaps?
By Yusuf Baskaya; Central Bank of Turkey
Presented by: Yusuf Baskaya; Central Bank of Turkey
Sharing the Burden: Empirical Evidence on Corporate Tax Incidence
By Nadja Dwenger; Max Planck Institute for Tax Law and Public Finance,
Pia Rattenhuber; German Institute for Economic Research (DIW) Berlin,
Viktor Steiner; Free University of Berlin
Presented by: Nadja Dwenger; Max Planck Institute for Tax Law and Public Finance
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Session 16: Unemployment Time: 16:00 - 17:30
Session Chair: Steffen Kuenn; IZA Location: GR07 (Faculty of English)
How Do the Unemployed Search for a Job? – Evidence from the EU Labour Force Survey
By Ronald Bachmann; RWI, Daniel Baumgarten; RWI
Presented by: Ronald Bachmann; RWI
Unemployment Risk over the Life Cycle under Flexible and Non -flexible Contracts
By Carolina Fugazza; CeRP-Collegio Carlo Alberto
Presented by: Carolina Fugazza; CeRP-Collegio Carlo Alberto
Unemployment Duration and Sport Participation: Evidence from Germany
By Charlotte Cabane; Université Paris 1 Panthéon Sorbonne
Presented by: Charlotte Cabane; Université Paris 1 Panthéon Sorbonne
Marginal Employment, Unemployment Duration and Job Match Qualitiy
By Steffen Kuenn; IZA, Marco Caliendo; University of Potsdam,
Arne Uhlendorff; University of Mannheim
Presented by: Steffen Kuenn; IZA
Session 17: Pricing I Time: 16:00 - 17:30
Session Chair: Andrew Rhodes; University of Oxford Location: Riley Auditorium (Clare College)
Dynamic Interaction between Markets for Leasing and Selling Automobiles
By Thanasis Andrikopoulos; AUEB
Presented by: Thanasis Andrikopoulos; AUEB
Service Refusal in Regulated Markets for Credence Goods
By Maarten Janssen; University of Vienna,
Alexei Parakhonyak; State University Higher School of Economics
Presented by: Alexei Parakhonyak; State University Higher School of Economics
Brokers’ ’Compensation in the Manhattan Residential Rental Market
By Heski Bar-Isaac; NYU, Alessandro Gavazza; New York University
Presented by: Heski Bar-Isaac; NYU
History-based Price Discrimination in Markets with Switching Costs:
Who Gains and Who Loses?
By Andrew Rhodes; University of Oxford
Presented by: Andrew Rhodes; University of Oxford
Session 18: Education Policy I
Session Chair: Jonathan James; Time: 16:00 - 17:30
European University Institute Location: Elton Room (Clare College)
The Effect of Financial Aid and Tax Policies on Educational Choices
By Martino Tasso; Bank of Italy
Presented by: Martino Tasso; Bank of Italy
Access All Areas? The Impact of Fees and Background on Student Demand for Postgraduate
Higher Education in the UK
By Philip Wales; London School of Economics
Presented by: Philip Wales; London School of Economics
Reform-Based Evidence of Pupil, Family, School and Education Authority Effects on Test
Scores
By Arnaud Chevalier; Royal Holloway, University of London, Paul Bingley; SFI, Copenhagen,
Vibeke Jensen; The Danish National Center For Social Research
Presented by: Arnaud Chevalier, Royal Holloway, University of London
Peer Effects and Free School Meals
By Jonathan James; European University Institute
Presented by: Jonathan James; European University Institute
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Session 19: Peer Effects
Session Chair: Tarun Jain; Time: 16:00 - 17:30
Indian School of Business Location: Bennett Room (Clare College)
Class Assignment and Peer Group Effects
By Martin Foureaux Koppensteiner; University of Leicester
Presented by: Martin Foureaux Koppensteiner; University of Leicester
Peer Effects and Academic Achievement: Regression Discontinuity Approach
By Arna Vardardottir; Stockholm School of Economics
Presented by: Arna Vardardottir; Stockholm School of Economics
Formal Versus Informal Peers:
Evidence from the Random Assignment of Business School Peers
By Tarun Jain; Indian School of Business, Mudit Kapoor; Indian School of Business
Presented by: Tarun Jain, Indian School of Business
Session 20: Proximity in Trade and Innovation
Session Chair: Stefano Usai; Time: 16:00 - 17:30
CRENoS, University of Cagliari Location: Bowring Room (Clare College)
Spillovers, Absorptive Capacity and Agglomeration
By Sergey Lychagin; Central European University
Presented by: Sergey Lychagin; Central European University
Is Agglomeration a Free Lunch for New Exporters? Evidence from Chile
By Youngho Kang; Samsung Economic Research Institute
Presented by: Youngho Kang; Samsung Economic Research Institute
What Drives the Urban Wage Premium? Evidence along the Wage Distribution
By Alessia Matano; University of Barcelona, Paolo Naticchioni; University of Cassino
Presented by: Alessia Matano; University of Barcelona
Proximity, Networks and Knowledge Production in Europe
By Emanuela Marrocu; Università di Cagliari (Italy) and CRENoS,
Raffaele Paci; Università di Cagliari, Stefano Usai; CRENoS, Università di Cagliari
Presented by: Stefano Usai, CRENoS; Università di Cagliari
Session 21: Topics In Trade I
Session Chair: Giammario Impullitti; Time: 16:00 - 17:30
University of Cambridge Location: Glover Room (Clare College)
Offshoring and Relative Labor Demand from a Task Perspective
By Jan Hogrefe; Centre for European Economic Research
Presented by: Jan Hogrefe; Centre for European Economic Research
Offshoring and Specialisation: Are Industries Moving Abroad?
By Ioannis Bournakis; Middlesex Business School,
Michela Vecchi; Middlesex University Business School, Francesco Venturini; University of Perugia
Presented by: Francesco Venturini; University of Perugia
Wage Inequality, Firm Dynamics, and International Trade
By Giammario Impullitti; University of Cambridge, Gabriel Felbermayr; University of Munich and IFO,
Julien Prat; IAE-CSIC Barcelona
Presented by: Giammario Impullitti; University of Cambridge
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Session 22: Health Choices
Session Chair: Bansi Malde; Time: 16:00 - 17:30
Institute for Fiscal Studies Location: Lecture Room 2 (West Road Concert Hall)
The Role of Culture in Smoking Behavior: Evidence from British Immigrants in Australia,
South Africa, and the US
By Rebekka Christopoulou; Cornell University, Dean Lillard; Cornell University
Presented by: Rebekka Christopoulou; Cornell University
Lower Bound Estimates of Price Elasticities of Pharmaceutical Consumption
By Ana Tur-Prats; UCL - UPF, Jaume Puig-Junoy; Universitat Pompeu Fabra,
Marcos Vera-Hernandez; University College London
Presented by: Ana Tur-Prats, UCL - UPF
Specification of Financial Incentives for Quality in Health Care Contracts in England
By Eleonora Fichera; University of Manchester, Hugh Gravelle; University of York,
Mario Pezzino; University of Manchester, Matt Sutton; University of Manchester
Presented by: Mario Pezzino, University of Manchester
How do Households Respond to Health Information? Evidence from a Randomised
Experiment in Malawi
By Emla Fitzsimmon; Institute for Fiscal Studies, Bansi Malde; Institute for Fiscal Studies
Alice Mesnard; Institute for Fiscal Studies, Marcos Vera-Hernandez; University College London
Presented by: Bansi Malde; Institute for Fiscal Studies
Session 23: Child Health In Developing Countries I
Session Chair: Ashish Singh;
Indira Gandhi Institute of Time: 16:00 - 17:30
Development Research Location: Lecture Room 1 (West Road Concert Hall)
Ex ante Forecasting of the Distributional Effects of a Conditional Cash Transfer Program on
Child Health in Nicaragua
By Ranjeeta Thomas; University of Oxford
Presented by: Ranjeeta Thomas; University of Oxford
Testing Insurance Against Illness under Health State Dependent Utility Function:
The Case of Impoverished Households
By Aida Galiano; University of Zaragoza, Marcos Vera-Hernandez; University College London
Presented by: Marcos Vera-Hernandez; University College London
Gender Based Within-Household Inequality in Immunization Status of Children:
Some Evidence from South Asian Countries
By Ashish Singh; Indira Gandhi Institute of Development Research
Presented by: Ashish Singh; Indira Gandhi Institute of Development Research
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Session 24: Experimental Economics I
Session Chair: Alex Possajennikov; Time: 16:00 - 17:30
University of Nottingham Location: Lecture Room 3 (West Road Concert Hall)
Group Outcomes and Reciprocity
By Christos Ioannou; University of Southampton
Presented by: Christos Ioannou; University of Southampton
Entrepreneurs Under Uncertainty: An Economic Field Experiment
By Hakan Holm; Lund University
Presented by: Hakan Holm; Lund University
Ethnic Heterogeneity, Cooperation, and Anti-social Punishment
By Marco Faillo; Department of Economics, Daniela Grieco; Bocconi University,
Luca Zarri; University of Verona
Presented by: Daniela Grieco; Bocconi University
Belief Formation in a Signaling Game without Common Prior: An Experiment
By Alex Possajennikov; University of Nottingham
Presented by: Alex Possajennikov; University of Nottingham
Session 25: Environmental Economics I
Session Chair: Yu-Fu Chen; Time: 16:00 - 17:30
University of Dundee Location: Main Concert Hall (West Road Concert Hall)
Emission Tax or Standard? The Role of Productivity Dispersion
By Zhe Li; Shanghai University of Finance and Economics, Shouyong Shi; University of Toronto
Presented by: Zhe Li; Shanghai University of Finance and Economics
Environmental Quality, Growth and Optimal Policy:
The Role of Endogenous Subjective Discounting
By Eugenia Vella; Athens University of Economics and Business,
Evangelos Dioikitopoulos; Brunel University London,
Sarantis Kalyvitis; Athens University of Economics and Business
Presented by: Eugenia Vella; Athens University of Economics and Business
On the Structure of Cities:
Emergence of Residential and Industrial Areas under Environmental Policy
By Efthymia Kyriakopoulou; University of Gothenburg,
Anastasios Xepapadeas; Athens University of Economics and Business
Presented by: Efthymia Kyriakopoulou; University of Gothenburg
Cumulative CO2 Emissions and Optimal Climate Policies
By Yu-Fu Chen; University of Dundee, Michael Funke; University of Hamburg,
Nicole Glanemann; University of Hamburg
Presented by: Yu-Fu Chen, University of Dundee
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Session 26: Econometrics II Time: 9:30 - 11:00
Session Chair: Chih Ming Tan; Clarks University Location: Auditorium (Robinson College)
Inference on Stochastic Time-Varying Coefficient Models
By Liudas Giraitis; Queen Mary University, George Kapetanios; Queen Mary, University of London,
Tony Yates; Bank of England
Presented by: Tony Yates; Bank of England
A Kernel Based Bootstrap Method for Dependent Processes
By Paulo Parente; University of Exeter, Richard J. Smith; University of Cambridge
Presented by: Paulo Parente; University of Exeter
Econometric Inference in the Vicinity of Unity
By Tassos Magdalinos; University of Southampton, Peter Phillips; Yale University
Presented by: Tassos Magdalinos; University of Southampton
Structural Threshold Regression
By Andros Kourtellos; University of Cyprus, Thanasis Stengos; University of Guelph,
Chih Ming Tan; Clark University
Presented by: Chih Ming Tan; Clarks University
Session 27: Asset Pricing II
Session Chair: Victoria Galsband; Time: 9:30 - 11:00
Deutsche Bundesbank Location: Umney Theatre (Robinson College)
Exploratory Trading
By Adam Clark-Joseph; Harvard University
Presented by: Adam Clark-Joseph; Harvard University
Single-bank Proprietary Platforms
By Jonathan Cave; University of Warwick, Luca Gelsomini; IESEG School of Management (CNRS-LEM)
Presented by: Luca Gelsomini; IESEG School of Management (CNRS-LEM)
Price Discovery on Common and Preferred Shares Across Multiple Markets
By Cristina Mabel Scherrer; Queen Mary University of London
Presented by: Cristina Mabel Scherrer; Queen Mary University of London
Downside Risk of International Stock Returns
By Victoria Galsband; Deutsche Bundesbank
Presented by: Victoria Galsband; Deutsche Bundesbank
Session 28: International Finance
Session Chair: Alexander Popov; Time: 9:30 - 11:00
European Central Bank Location: Junior Common Room (Robinson College)
Optimal Degree of Foreign Ownership Under Uncertainty
By Cagatay Bircan; University of Michigan
Presented by: Cagatay Bircan; University of Michigan
The Paradox of Domestic Financial Constraints as a Magnet For FDI:
Some Empirical Evidence
By Rodolphe Desbordes; University of Strathclyde, Shang-Jin Wei; Columbia University
Presented by: Rodolphe Desbordes; University of Strathclyde
Market Familiarity and the Location of South and North MNEs
By Celine Azemar; University of Glasgow, Julia Darby; University of Strathclyde,
Rodolphe Desbordes; University of Strathclyde, Ian Wooton; Univ. of Strathclyde
Presented by: Julia Darby; University of Strathclyde
Financial Openness and Output Fluctuations: Business Cycle Volatility or Disaster Risk?
By Alexander Popov; European Central Bank
Presented by: Alexander Popov; European Central Bank
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Session 29: Consumption in Developing Countries
Session Chair: Alexander M. Danzer; Time: 9:30 - 11:00
University of Munich (LMU) Location: Music Room (Robinson College)
Consumption and Social Identity: Evidence from India
By Nishith Prakash; Economics, Melanie Khamis; Institute for the Study of Labor (IZA),
Zahra Siddique; IZA
Presented by: Zahra Siddique; Economics and Humans Rights Institute
Group Lending or Individual Lending?
Evidence from a Randomized Field Experiment in Mongolia
By Orazio Attanasio; University College London, Britta Augsburg; IFS, Ralph De Haas; EBRD,
Emla Fitzsimons; IFS, Heike Harmgart; EBRD
Presented by: Ralph De Haas; EBRD
Do Community-Based Interventions Improve Risk Sharing? Evidence from Malawi
By Emla Fitzsimmon; Institute for Fiscal Studies
Presented by: Emla Fitzsimmon; Institute for Fiscal Studies
Can Anti-poverty Policies Reduce Conspicuous Consumption?
Evidence from Wedding Expenditures in Tajikistan
By Alexander M. Danzer; University of Munich (LMU)
Presented by: Alexander M. Danzer; University of Munich (LMU)
Session 30: Debt and Crises
Session Chair: Giacomo Pasini; Time: 9:30 - 11:00
Venice University Location: Games Room (Robinson College)
Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads
By Vladimir Borgy; Banque de France, Thomas Laubach; Goethe University Frankfurt,
Jean-Stéphane Mesonnier; Banque de France, Jean-Paul RENNE; Banque de France
Presented by: Jean-Stéphane Mesonnier; Banque de France
International Banks Insolvency and Ricardian Rent from Texas to Norway
By Alfredo Garcia; Economic Research Institute, Luis Nicolini-LLosa; Buenos Aires University
Presented by: Alfredo Garcia; Economic Research Institute
Household Debt and Social Interactions
By Dimitris Georgarakos; Goethe University Frankfurt, Michael Haliassos; Goethe University Frankfurt,
Giacomo Pasini; Venice University
Presented by: Giacomo Pasini; Venice University
Session 31: Financial Frictions in DSGE Models
Session Chair: Dominic Quint; Time: 9:30 - 11:00
Free University Berlin Location: Linnett Room (Robinson College)
Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
By TengTeng Xu; Bank of Canada, Hashem Pesaran; University of Cambridge
Presented by: TengTeng Xu; Bank of Canada
News and Financial Intermediation in Aggregate Fluctuations
By Christoph Gortz; University of Nottingham, John Tsoukalas; University of Glasgow
Presented by: Christoph Gortz; University of Nottingham
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
By Dominic Quint; Free University Berlin, Pau Rabanal; IMF
Presented by: Dominic Quint; Free University Berlin
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Session 32: Macroeconomic Theory I
Session Chair: Atanas Christev; Time: 9:30 - 11:00
Heriot-Watt University Location: Garden Room (Robinson College)
Animal Spirits, Rational Bubbles and Unemployment in an Old-Keynesian Model
By Roger Farmer; University of California Los Angeles
Presented by: Roger Farmer; University of California Los Angeles
Systemic Risk and Financial Development in a Monetary Model
By Philippe Moutot; European Central Bank
Presented by: Philippe Moutot; European Central Bank
Learnability of Heterogeneous Misspecification Equilibrium
By Ryuichi Nakagawa; KANSAI UNIVERSITY
Presented by: Ryuichi Nakagawa; KANSAI UNIVERSITY
Learnability of E-Stable Equilibria
By Atanas Christev; Heriot-Watt University, Sergey Slobodyan; CERGE-EI
Presented by: Atanas Christev; Heriot-Watt University
Session 33: Monetary Policy I
Session Chair: Arnab Bhattacharjee; Time: 9:30 - 11:00
University of Dundee Location: Auditorium Lounge (Robinson College)
Realised and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model
of the United Kingdom
By Xiaoshan Chen; University of Glasgow
Presented by: Xiaoshan Chen; University of Glasgow
The Pitfalls of Speed-limit Interest Rate Rules at the Zero Lower Bound
By Charles Brendon; Oxford University, Matthias Paustian; Bank of England,
Tony Yates; Bank of England
Presented by: Matthias Paustian; Bank of England
Taking Personalities out of Monetary Policy Decision Making?
Heterogeneity, Interactions and Committee Decisions in the Bank of England’s MPC.
By Arnab Bhattacharjee; University of Dundee, Sean Holly; Cambridge University
Presented by: Arnab Bhattacharjee; University of Dundee
Session 34: Sovereign Debt
Session Chair: Roberto De Santis; Time: 9:30 - 11:00
European Central Bank Location: Umney Lounge (Robinson College)
A Quantitative Model of Sovereign Debt, Bailouts and Conditionality
By Fabian Fink; University of Konstanz, Almuth Scholl; University of Konstanz
Presented by: Almuth Scholl; University of Konstanz
Borrowing from Thy Neighbour: a European perspective on Sovereign Debt
By Marcus Miller; University of Warwick, Neil Rankin; University of York,
Lei Zhang; University of Warwick
Presented by: Marcus Miller; University of Warwick
Sovereign Defaults and Banking Crises
By Cesar Sosa Padilla; University of Maryland
Presented by: Cesar Sosa Padilla; University of Maryland
The Euro Area’s Sovereign Debt Crisis:
Credit Rating Agencies and the Spread of the Fever from Greece, Ireland and Portugal
By Roberto De Santis; European Central Bank
Presented by: Roberto De Santis; European Central Bank
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Session 35: Endogenous Growth
Session Chair: Kyriakos Neanidis; Time: 9:30 - 11:00
University of Manchester Location: TR7 (Robinson College)
Innovation, Speculation and Competitive Growth
By Vincenzo Denicolo; university of Leicester, Piercarlo Zanchettin; University of Leicester
Presented by: Piercarlo Zanchettin; University of Leicester
Risk Aversion in a Model of Endogenous Growth
By Nicole Tabasso; University of Surrey
Presented by: Nicole Tabasso; University of Surrey
Endogenous Growth and Wave-like Business Fluctuations
By Mauro Bambi; University of York, U.K.
Presented by: Mauro Bambi; University of York, U.K.
Optimal Taxation and Growth with Public Goods and Costly Enforcement
By Pierre-Richard Agenor; University of Manchester, Kyriakos Neanidis; University of Manchester
Presented by: Kyriakos Neanidis; University of Manchester
Session 36: Public Goods and Taxation
Session Chair: Alexander Matros; Time: 9:30 - 11:00
Lancaster University Location: Teaching Room A (Robinson College)
The Distributional Consequences of Tax Reforms under Market Distortions
By Konstantinos Angelopoulos; University of Glasgow, Wei Jiang; University of Glasgow,
James Malley; University of Glasgow
Presented by: Wei Jiang; University of Glasgow
Optimal Policy with Informal Child Care:
An Efficiency Case for Sliding Scale Child Care Subsidies
By Christine Ho; Singapore Management University
Presented by: Christine Ho; Singapore Management University
Mincer Equation, Power Law of Learning, and Efficient Education Policy
By Wolfram Richter; TU Dortmund University
Presented by: Wolfram Richter; TU Dortmund University
All-Pay Auctions vs. Lotteries as Self-Financing Fundraising Mechanisms:
Theory and Evidence
By John Duffy; University of Pittsburgh, Alexander Matros; Lancaster University
Presented by: Alexander Matros; Lancaster University
Session 37: Institutions, Culture and Development
Session Chair: Alexander Mihailov; Time: 9:30 - 11:00
University of Reading Location: J8 (Robinson College)
The Diffusion of Health Technologies: Cultural and Biological Divergence
By Casper Hansen; University of Southern Denmark
Presented by: Casper Hansen; University of Southern Denmark
Institutions, Culture and the Onset of the Demographic Transition
By David Cuberes; University of Sheffield, Alberto Basso; Universidad de Alicante
Presented by: David Cuberes; University of Sheffield
A Novel Approach to the Study of Culture and Development:
Languages Grammatical Structure
By Estefania Santacreu-Vasut; ESSEC Business School and THEMA, Amir Shoham; Temple University
Presented by: Estefania Santacreu-Vasut; ESSEC Business School and THEMA
The Grand Experiment of Communism:
Discovering the Trade-off between Equality and Efficiency
By Etienne Farvaque; Université Lille 1, Alexander Mihailov; University of Reading,
Alireza Naghavi; University of Bologna
Presented by: Alexander Mihailov; University of Reading
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Session 38: Fertility
Session Chair: Lars Lønstrup; Time: 9:30 - 11:00
University of Southern Denmark Location: GR04 (Faculty of English)
Do More-Schooled Women have Fewer Children and Delay Childbearing?
Evidence from a Sample of U.S. Twins
By Vikesh Amin; Binghamton University
Presented by: Vikesh Amin; Binghamton University
More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe
By Margherita Fort; University of Bologna, Nicole Schneeweis; Johannes Kepler University Linz,
Rudolf Winter-Ebmer; University of Linz
Presented by: Rudolf Winter-Ebmer; University of Linz
How Powerful was the Pill? Quantifying a Contraceptive Technology Shock
By Kelly Ragan; Stockholm School of Economics
Presented by: Kelly Ragan; Stockholm School of Economics
Parental Education and Fertility: The Role of Mortality in the Demographic Transition
By Lars Lønstrup; University of Southern Denmark
Presented by: Lars Lønstrup; University of Southern Denmark
Session 39: Wage Inequality
Session Chair: Theodore Koutmeridis; Time: 9:30 - 11:00
University of Warwick Location: GR05 (Faculty of English)
Flexicurity, Wage Dynamics and Inequality over the Life-cycle
By Lorenzo Cappellari; Università Cattolica
Presented by: Lorenzo Cappellari; Università Cattolica
Skills, Mismatch and Inequality: Labour Market Frictions and Costly Technology
By Richard Holt; University of Edinburgh
Presented by: Richard Holt; University of Edinburgh
Unconditional and Conditional Wage Polarization In Europe
By Paolo Naticchioni; University of Cassino
Presented by: Paolo Naticchioni; University of Cassino
Microfoundations of Rising Experience Premia
By Theodore Koutmeridis; University of Warwick
Presented by: Theodore Koutmeridis; University of Warwick
Session 40: Mechanisms and Contracts I
Session Chair: Andrea Canidio; Central European University Time: 9:30 - 11:00
Session Type: contributed Location: GR06 (Faculty of English)
Communication and Binary Decisions: Is it better to Communicate?
By Frédéric Loss; Conservatoire National des Arts et Méti,
Estelle Malavolti; ENAC-LEEA and Toulouse School of Economics, Thibaud VERGE; CREST-INSEE
Presented by: Frédéric Loss; Conservatoire National des Arts et Méti
Competing Conventions
By Philip Neary; Royal Holloway University
Presented by: Philip Neary; Royal Holloway University
Experts, Conflicts of Interest and, Reputation for Ability
By Filippo Pavesi; University of Milan-Bicocca & CEU Budape,
Massimo Scotti; University of Technology, Sydney
Presented by: Filippo Pavesi; University of Milan-Bicocca & CEU Budape
Rewarding Idleness
By Andrea Canidio; Central European University, Thomas Gall; University of Bonn
Presented by: Andrea Canidio; Central European University
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Session 41: Economics of Networks Time: 9:30 - 11:00
Session Chair: Alireza Naghavi; University of Bologna Location: GR07 (Faculty of English)
Conflict Networks
By Joerg Franke; Universitaet Dortmund, Tahir Öztürk
Presented by: Joerg Franke; Universitaet Dortmund
Corporate Networks And Peer Effects In Firm Policies
By Manasa Patnam; University of Cambridge
Presented by: Manasa Patnam; University of Cambridge
Intellectual Property Rights, International Migration, and Diaspora Knowledge Networks
By Alireza Naghavi; University of Bologna, Chiara Strozzi; Department of Economics
Presented by: Alireza Naghavi; University of Bologna
Session 42: Pricing II
Session Chair: Ansgar Walther; Time: 9:30 - 11:00
University of Cambridge Location: Riley Auditorium (Clare College)
When the Baby Cries at Night. Uninformed and Hurried Buyers in Non-competitive Markets
By Viki Nellas; University of Bologna
Presented by: Viki Nellas; University of Bologna
The Impact of Government Advertising on the Market for Fruit and Vegetables
By Rachel Griffith; IFS, Lars Nesheim; University College London,
Martin O’Connell; Institute for Fiscal Studies, UCL
Presented by: Martin O’Connell; Institute for Fiscal Studies, UCL
Designing a Lottery for a Regret Averse Consumer
By Christopher Gee; Royal Holloway, University of London
Presented by: Christopher Gee; Royal Holloway, University of London
Asset Price Manipulation with Several Traders
By Ansgar Walther; University of Cambridge
Presented by: Ansgar Walther; University of Cambridge
Session 43: Values, Ideology, and Policy Choices Time: 9:30 - 11:00
Session Chair: Martin Ljunge; University of Copenhagen Location: Elton Room (Clare College)
The Evolution of Ideology, Fairness and Redistribution
By Noemi Mantovan; Bangor University
Presented by: Noemi Mantovan; Bangor University
What Happens When a Woman Wins a Close Election? Evidence from Brazil
By Fernanda Brollo; Universidad de Alicante, Ugo Troiano; Harvard University
Presented by: Fernanda Brollo; Universidad de Alicante
Civic Virtues, Family Ties, and Political Participation
By Martin Ljunge; University of Copenhagen
Presented by: Martin Ljunge; University of Copenhagen
Session 44: Firm Heterogeneity and International Trade Time: 9:30 - 11:00
Session Chair: Giordano Mion; LSE Location: Bennett Room (Clare College)
The Construction of a Low Cost Airline Network
By Kai Hueschelrath; Centre for European Economic Research (ZEW)
Presented by: Kai Hueschelrath; Centre for European Economic Research (ZEW)
Selection into Trade and Wage Inequality
By Thomas Sampson; LSE
Presented by: Thomas Sampson; LSE
Selection Effects with Heterogeneous Firms
By Monika Mrazova; University of Surrey, Peter Neary; University of Oxford
Presented by: Peter Neary; University of Oxford
Institutions and Export Dynamics
By Giordano Mion; LSE
Presented by: Giordano Mion; LSE
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Session 45: Trade and Quality
Session Chair: Paolo Epifani; Time: 9:30 - 11:00
Università Commerciale Luigi Bocconi Location: Bowring Room (Clare College)
Low-Wage Countries’ Competition, Reallocation Across Firms, and the Quality Content
of Exports
By Julien Martin; CREST-INSEE & Paris School of Economics, Isabelle Méjean; Ecole Polytechnique
Presented by: Julien Martin; Université Catholique de Louvain
Trade in Quality and Income Distribution: An Analysis of the Enlarged EU Market
By Hélène Latzer; Université Catholique de Louvain
Presented by: Hélène Latzer; Université Catholique de Louvain
Love for Quality, Comparative Advantage, and Trade
By Esteban Jaimovich; Collegio Carlo Alberto
Presented by: Esteban Jaimovich; Collegio Carlo Alberto
Productivity, Quality and Export Behavior
By Rosario Crinò; University of Brescia, Paolo Epifani; Università Commerciale Luigi Bocconi
Presented by: Paolo Epifani; Università Commerciale Luigi Bocconi
Session 46: Teacher Incentives
Session Chair: Jane Fruehwirth; Time: 9:30 - 11:00
University of Cambridge Location: Glover Room (Clare College)
Subjective Performance Evaluation in the Public Sector: Evidence From School Inspections
By Iftikhar Hussain; Sussex University
Presented by: Iftikhar Hussain; Sussex University
How Should We Treat Under-performing Schools? A Regression Discontinuity Analysis of
School Inspections in England
By Rebecca Allen; Institute of Education, London, Simon Burgess; University of Bristol
Presented by: Rebecca Allen; Institute of Education, London
Does Higher Teacher Pay Improve Pupil Performance?
By Peter Dolton; University of Sussex
Presented by: Peter Dolton; University of Sussex
Spare the Rod? The Effect of No Child Left Behind on Failing Schools
By Jane Fruehwirth; University of Cambridge, Jeff Traczynski; University of Hawaii
Presented by: Jane Fruehwirth; University of Cambridge
Session 47: Experimental Economics II
Session Chair: Andrea Isoni; Time: 9:30 - 11:00
University of Warwick Location: Lecture Room 2 (West Road Concert Hall)
Gender, Competition and Socialization at a Young Age:
Evidence from a Matrilineal and a Patriarchal Society
By Steffen Andersen; Copenhagen Business School, Seda Ertac; Koc University,
Uri Gneezy; UC San Diego, John List; University of Chicago, Sandra Maximiano; Purdue University
Presented by: Seda Ertac; Koc University
The Effect of Social Fragmentation on Public Good Provision: An Experimental Study
By Surajeet Chakravarty; University of Exeter, Miguel Fonseca; University of Exeter
Presented by: Miguel Fonseca; University of Exeter
Gender Differences in Preferences at a Young Age: Experimental Evidence from Armenia
By Karen Khachatryan; Stockholm School of Economics
Presented by: Karen Khachatryan; Stockholm School of Economics
Focal Points in Tacit Bargaining Problems: Experimental Evidence
By Andrea Isoni; University of Warwick, Anders Poulsen; University of East Anglia,
Robert Sugden; University of East Anglia, Kei Tsutsui; University of East Anglia
Presented by: Andrea Isoni; University of Warwick
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Session 48: Economics of Happiness I
Session Chair: Salmai Qari;
Max Planck Institute for Tax Time: 9:30 - 11:00
Law and Public Finance Location: Lecture Room 1 (West Road Concert Hall)
Happiness Pays: Subjective Well-Being as a Determinant of Income
By Jan-Emmanuel De Neve; London School of Economics, Andrew Oswald
Presented by: Jan-Emmanuel De Neve; University College London & London School of Economics
Identifying Trends in Well-Being over Time:
A Comparison of Results from International Panel Data and Repeated Cross-Sections
By Bert Van Landeghem; Maastricht University
Presented by: Bert Van Landeghem; Maastricht University
So Far So Good: Age, Sex, Happiness and Relative Income
By Felix FitzRoy; University of St. Andrews, Michael Nolan; University of Hull,
Max Steinhardt; Hamburg Inst. of Int. Economics (HWWI), David Ulph; University of St Andrews
Presented by: Max Steinhardt; Hamburg Inst. of Int. Economics (HWWI)
Durable Consumption Goods and Happiness – a dynamic perspective
By Johannes Emmerling; Toulouse School of Economics,
Salmai Qari; Max Planck Institute for Tax Law and Pub
Presented by: Salmai Qari; Max Planck Institute for Tax Law and Public Finance
Session 49: Infectious Diseases: Causes, Consequences and Policy
Session Chair: Chrysovalantis Vasilakis; Time: 9:30 - 11:00
Universite Catholique de Louvain Location: Lecture Room 3 (West Road Concert Hall)
The Optimal Control of Infectious Diseases via Prevention and Treatment
By Flavio Toxvaerd; University of Cambridge
Presented by: Flavio Toxvaerd; University of Cambridge
Optimal Treatment of an SIS Disease with Two Strains
By Selma Telalagic; University of Cambridge
Presented by: Selma Telalagic; University of Cambridge
Infectious Diseases and Economic Growth
By Aditya Goenka; National University of Singapore, Lin Liu; University of Rochester,
Manh-Hung Nguyen; Toulouse School of Economics
Presented by: Aditya Goenka; National University of Singapore
International Migration and the Propagation of HIV in Sub-Saharan Africa
By Frederic Docquier; IRES, Chrysovalantis Vasilakis; Universite Catholique de Louvain,
Dieudonne Tamfutu Munsi; Universite Catholique de Louvain
Presented by: Chrysovalantis Vasilakis; Universite Catholique de Louvain
Session 50: Environmental Economics II
Session Chair: Linda Nøstbakken; Time: 9:30 - 11:00
University of Alberta Location: Main Concert Hall (West Road Concert Hall)
Vickrey Auction with Interval Values and Bids
By Prasenjit Banerjee; University of Manchester
Presented by: Prasenjit Banerjee; University of Manchester
How Unfounded Micro-Foundations Pollute Our Thinking and Possibly also the World
By Koen Vermeylen; University of Amsterdam
Presented by: Koen Vermeylen; University of Amsterdam
Is there a Material Kuznets Curve for Aluminium? Evidence from Rich Countries
By Vishal Jaunky; ETH Zurich
Presented by: Vishal Jaunky; ETH Zurich
Formal and Informal Enforcement of Renewable Resource Use
By Linda Nøstbakken; University of Alberta
Presented by: Linda Nøstbakken; University of Alberta
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Session 51: Macroeconomic Dynamics And Asset Prices I
Session Chair: Sergio Sola; Time: 15:30 - 17:00
Graduate Institute of International Studies Location: Auditorium (Robinson College)
Asset Pricing with Concentrated Ownership of Capital
By Kevin Lansing; Federal Reserve Bank of San Francisco and Norges Bank
Presented by: Kevin Lansing; Federal Reserve Bank of San Francisco and Norges Bank
Learning, Fiscal Policy and the Yield Curve
By Arunima Sinha; Santa Clara University
Presented by: Arunima Sinha; Santa Clara University
Expected Fiscal Policy and Interest Rates in Open Economy
By Sergio Sola; Graduate Institute of International Studies
Presented by: Sergio Sola; Graduate Institute of International Studies
Session 52: Finance, Investment and Growth
Session Chair: Mathieu Grobéty; Time: 15:30 - 17:00
University of Lausanne Location: Umney Theatre (Robinson College)
Can the Precautionary Motive Explain the Chinese Corporate Savings Puzzle?
By Yi Huang; IMF
Presented by: Yi Huang; IMF
What do Frictions mean for Q-theory?
By Maria Bustamante; London School of Economics
Presented by: Maria Bustamante; London School of Economics
A New Test for the Presence of Capital Market Imperfections in Transition Economies
By John Tsoukalas; University of Glasgow, Serafeim Tsoukas; University of Glasgow,
Alessandra Guariglia; Durham University
Presented by: Serafeim Tsoukas; University of Glasgow
The Collateral Channel under Imperfect Debt Enforcement
By Mathieu Grobéty; University of Lausanne
Presented by: Mathieu Grobéty; University of Lausanne
Session 53: International Business Cycles I
Session Chair: Inci Gumus; Time: 15:30 - 17:00
Sabanci University Location: Junior Common Room (Robinson College)
World, Country, and Sectoral Factors in International Business Cycles
By Aikaterini Karadimitropoulou; University of Kent, Miguel Leon-Ledesma; University of Kent
Presented by: Aikaterini Karadimitropoulou; University of Kent
Time-Separability, Wealth Effects and International Business Cycles
By Alexandre Dmitriev; University of New South Wales, Ivan Roberts; Reserve Bank of Australia
Presented by: Alexandre Dmitriev; University of New South Wales
Foreign Currency Borrowing and Business Cycles in Emerging Market Economies
By Inci Gumus; Sabanci University
Presented by: Inci Gumus; Sabanci University
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Session 54: Monetary Economics II
Session Chair: Babak Mahmoudi; Time: 15:30 - 17:00
Queen’s University Location: Music Room (Robinson College)
Monetary Policy under Leviathan Currency Competition
By Parag Waknis; University of Massachusetts Dartmouth
Presented by: Parag Waknis; University of Massachusetts Dartmouth
Expectations Traps and Coordination Failures:
Selecting among Multiple Discretionary Equilibria
By Richard Dennis; Australian National University, Tatiana Kirsanova; University of Glasgow
Presented by: Tatiana Kirsanova; University of Glasgow
Escaping Expectations Traps: How Much Commitment is Required?
By Christoph Himmels; University of Exeter
Presented by: Christoph Himmels; University of Exeter
Open-Market Operations, Distributions and Market Segmentation
By Babak Mahmoudi; Queen’s University
Presented by: Babak Mahmoudi; Queen’s University
Session 55: Banking
Session Chair: Jianfei Sun; Time: 15:30 - 17:00
Shanghai Jiao Tong University Location: Games Room (Robinson College)
Implicit Intraday Interest Rate in the UK Unsecured Overnight Loan Market
By Marius Jurgilas; Central Bank of Norway, Filip Zikes; Imperial College London
Presented by: Marius Jurgilas; Central Bank of Norway
Completeness, Interconnectedness and Distribution of Interbank Exposures -
A Parameterized Analysis of the Stability of Financial Networks
By Angelika Sachs; Ludwig-Maximilians-Universität Munich
Presented by: Angelika Sachs; Ludwig-Maximilians-Universität Munich
Bank Competition, Securitization and Risky Investment
By Zhe Li; Shanghai University of Finance and Economics, Jianfei Sun; Shanghai Jiao Tong University
Presented by: Jianfei Sun; Shanghai Jiao Tong University
Session 56: Fiscal Policy I
Session Chair: Alexander Kriwoluzky; Time: 15:30 - 17:00
University of Bonn Location: Linnett Room (Robinson College)
Does Fiscal Policy Matter? Blinder and Solow Revisited
By Dmitry Plotnikov; University Of California, Los Angeles,
Roger Farmer; University of California Los Angeles
Presented by: Dmitry Plotnikov; University Of California, Los Angeles
On Deficit Bias and Immigration
By Michael Ben-Gad; City University London
Presented by: Michael Ben-Gad; City University London
Toward a Taylor Rule for Fiscal Policy
By Martin Kliem; Deutsche Bundesbank, Alexander Kriwoluzky; University of Bonn
Presented by: Alexander Kriwoluzky; University of Bonn
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Session 57: Consumption
Session Chair: Gabriele Amorosi; Time: 15:30 - 17:00
University of Kent Location: Garden Room (Robinson College)
Wealth Effects on Consumption Plans: French Households in the Crisis
By Frédérique Savignac; Banque de France
Presented by: Frédérique Savignac; Banque de France
Consumption Smoothing during Unemployment
By Jonas Kolsrud; Uppsala University
Presented by: Jonas Kolsrud; Uppsala University
Can Tax Rebates Stimulate Consumption Spending in a Life-Cycle Model?
By Valentina Michelangeli; Congressional Budget Office
Presented by: Valentina Michelangeli; Congressional Budget Office
Income Distribution, Household Heterogeneity and Consumption Insurance in the UK:
A Mixture Model Approach.
By Gabriele Amorosi; University of Kent, Amanda Gosling; University of Kent,
Miguel Leon-Ledesma; University of Kent
Presented by: Gabriele Amorosi; University of Kent
Session 58: DSGE Models
Session Chair: Johannes Pfeifer; Time: 15:30 - 17:00
University of Bonn Location: Auditorium Lounge (Robinson College)
The Competition Effect in Business Cycles
By Vivien Lewis; Ghent University, Arnoud Stevens; Universiteit Gent
Presented by: Arnoud Stevens; Universiteit Gent
A Regularization Approach to the Minimum Distance Estimation :
Application to Structural Macroeconomic Estimation Using IRFs
By Senay Sokullu; University of Bristol
Presented by: Senay Sokullu; University of Bristol
Performance Pay and Shifts in Macroeconomic Correlations
By Francesco Nucci; Università di Roma La Sapienza, Marianna Riggi; Bank of Italy
Presented by: Francesco Nucci; Università di Roma La Sapienza
Policy Risk and the Business Cycle
By Benjamin Born; Ifo Institute for Economic Research at the University of Munich,
Johannes Pfeifer; University of Bonn
Presented by: Johannes Pfeifer; University of Bonn
Session 59: Banking
Session Chair: Nikolaos Mylonidis; Time: 15:30 - 17:00
University of Ioannina Location: Umney Lounge (Robinson College)
Relationship Lending in a Financial Turmoil
By Enrico Sette; Bank of Italy
Presented by: Enrico Sette; Bank of Italy
How do Banks Respond to increased Funding Uncertainty?
By Robert Ritz; University of Cambridge
Presented by: Robert Ritz; University of Cambridge
Banks and Mimics: Regulation, Supervision and Innovation
By Andrew Powell; Inter American Development Bank, Antonia Maier; University of Warwick,
Marcus Miller; University of Warwick
Presented by: Andrew Powell; Inter American Development Bank
The Risk-taking Channel of Monetary Policy in the USA: Evidence from Micro-level Data
By Manthos Delis; Cass Business School, City University, Iftekhar Hasan; Rensselaer Polytechnic
Institute, Nikolaos Mylonidis; University of Ioannina
Presented by: Nikolaos Mylonidis; University of Ioannina
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Session 60: Growth Empirics Time: 15:30 - 17:00
Session Chair: Antonio Afonso; ISEG and ECB Location: TR7 (Robinson College)
Specification Search for Growth Model: A Dynamic Space-Time Framework
By Monalisa Sen; University of Illinois at UC
Presented by: Monalisa Sen; University of Illinois at UC
A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis.
By Maty Konte
Presented by: Maty Konte
Evaluating EU Regional Policy: Many Empirical Specifications, One (Unpleasant) Result
By Timo Mitze; RWI Essen
Presented by: Timo Mitze; RWI Essen
Growth and Productivity: the role of Government Debt
By Antonio Afonso; ISEG and ECB
Presented by: Antonio Afonso; ISEG and ECB
Session 61: Oil and Gasoline Prices
Session Chair: Erwan Gautier; Time: 15:30 - 17:00
Université de Nantes Location: Teaching Room A (Robinson College)
Speculation in the Oil Market
By Luciana Juvenal; Federal Reserve Bank of St Louis,
Ivan Petrella; Katholieke Universiteit Leuven, Belgium
Presented by: Luciana Juvenal; Federal Reserve Bank of St Louis
Stationarity Changes in Long-Run Fossil Resource Prices:
Evidence from Persistence Break Testing
By Aleksandar Zaklan; DIW Berlin/TU Berlin
Presented by: Aleksandar Zaklan; DIW Berlin/TU Berlin
The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data
By Erwan Gautier; Université de Nantes, Ronan Le Saout; ENSAE
Presented by: Erwan Gautier; Université de Nantes
Session 62: African Growth and Development Time: 15:30 - 17:00
Session Chair: Marc Sangnier; Paris School of Economics Location: J8 (Robinson College)
How Deep are the Roots of Africa’s Underdevelopment?
On the Causes of the African Slave Trade.
By Luis Angeles; University of Glasgow
Presented by: Luis Angeles; University of Glasgow
Is there a Long-term Effect of Africa’s Slave Trades?
By Margherita Bottero; Bank of Italy, Björn Wallace; University of Cambridge
Presented by: Margherita Bottero; Bank of Italy
Price Distortions and Economic Growth in Sub-Saharan Africa
By Markus Bruckner; University of Adelaide
Presented by: Markus Bruckner; University of Adelaide
Evidence from Africa on the Dynamics of Civil Conflicts and Beliefs
By Marc Sangnier; Paris School of Economics, Yanos Zylberberg; CREI
Presented by: Marc Sangnier; Paris School of Economics
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Session 63: Game Theory II
Session Chair: Florian Baumann; Time: 15:30 - 17:00
Eberhard Karls University Tübingen Location: GR04 (Faculty of English)
Persuasion and Stubbornness in a Dynamic Trading Game
By Christopher Wallace; University of Leicester, Peter Eso; University of Oxford
Presented by: Christopher Wallace; University of Leicester
Ambiguity and Accident Law
By Surajeet Chakravarty; University of Exeter, David Kelsey; University of Exeter
Presented by: Surajeet Chakravarty; University of Exeter
Punitive Damages in Oligopolistic Markets
By Florian Baumann; Eberhard Karls University Tübingen, Tim Friehe; University of Konstanz
Presented by: Florian Baumann; Eberhard Karls University Tübingen
Session 64: Market Power and Differentiation
Session Chair: Felix Tintelnot; Time: 15:30 - 17:00
The Pennsylvania State University Location: GR05 (Faculty of English)
On Goods and Premises
By Renaud Foucart; Université Libre de Bruxelles
Presented by: Renaud Foucart; Université Libre de Bruxelles
Monopolistic Competition: Beyond the CES
By Evgeny Zhelobodko; Novosibirsk State University, Sergey Kokovin; Novosibirsk State University,
Mathieu Parenti; Paris School of Economics - Université,
Jacques-François Thisse; Université Catholique de Louvain
Presented by: Mathieu Parenti; Paris School of Economics - Université Paris 1
Buyers Reporting a Cartel
By Michalis Zaouras; University of Warwick
Presented by: Michalis Zaouras; University of Warwick
Borders, Geography, and Oligopoly: Evidence from the Wind Turbine Industry
By Kerem Cosar; University of Chicago, Paul Grieco; Pennsylvania State University,
Felix Tintelnot; The Pennsylvania State University
Presented by: Felix Tintelnot; The Pennsylvania State University
Session 65: Mechanisms and Contracts II Time: 15:30 - 17:00
Session Chair: Andre Veiga; Toulouse Location: GR06 (Faculty of English)
Two Stage Auction Design for Complex Assets: The Value of Competitive Feedback
By Daniel Quigley; University of Cambridge
Presented by: Daniel Quigley; University of Cambridge
Optimal Certification Design
By Sergei Kovbasyuk; EIEF Rome
Presented by: Sergei Kovbasyuk; EIEF Rome
Multidimensional Heterogeneity and Platform Design
By Andre Veiga; Toulouse, E. Weyl; University of Chicago
Presented by: Andre Veiga; Toulouse
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Session 66: Topics in Industrial Organisation Time: 15:30 - 17:00
Session Chair: Paul Schweinzer; University of York Location: GR07 (Faculty of English)
Consumer Payment Choice:
Do Identity Theft and Consumer’s Security Perceptions Really Matter?
By Jose Linares-Zegarra; University of St Andrews, Charles Kahn; University of Illinois
Presented by: Jose Linares-Zegarra; University of St Andrews
The Willingness to Pay for Quality Aspects of Durables:
Theory and Application to the Car Market
By Ismir Mulalic; Technical University of Denmark, Jan Rouwendal; Free University
Presented by: Ismir Mulalic; Technical University of Denmark
Labelling Contests with Endogenous Precision
By Pierre Fleckinger; University of Paris 1, Beatrice Roussillon; University of Grenoble,
Paul Schweinzer; University of York
Presented by: Paul Schweinzer; University of York
Session 67: Wage Determination I
Session Chair: Rosa Sanchis-Guarner; Time: 15:30 - 17:00
London School of Economics & SERC Location: Riley Auditorium (Clare College)
Labor Supply Shocks in the Apprenticeship Market. Quasi-experimental Evidence for
Germany
By Thomas Bauer; RWI Essen, Matthias Dorner; IAB, Katja Görlitz; RWI Essen
Presented by: Katja Görlitz; RWI Essen
Firm Performance and Wages: Evidence from across the Corporate Hierarchy
By Brian Bell; London School of Economics, John Van Reenen; London School of Economics
Presented by: Brian Bell; London School of Economics
Bye Bye, G.I. - The Impact of the U.S. Military Drawdown on Local German Labor Markets
By Jan aus dem Moore; Humboldt University Berlin,
Alexandra Spitz-Oener; Humboldt-University Berlin
Presented by: Jan aus dem Moore; Humboldt University Berlin
Driving up Wages: The Effects of Road Improvements in Great Britain
By Rosa Sanchis-Guarner; London School of Economics & SERC
Presented by: Rosa Sanchis-Guarner; London School of Economics & SERC
Session 68: Inequality and Poverty
Session Chair: Thomas Garrett; Time: 15:30 - 17:00
Federal Reserve Bank of St. Louis Location: Elton Room (Clare College)
Warfare Experience during Ontogeny Increases Egalitarian and Parochial Motivations
By Michal Bauer; Charles University and CERGE-EI, Julie Chytilova; Charles University in Prague
Presented by: Julie Chytilova; Charles University in Prague
Measuring Poverty without the Mortality Paradox
By Mathieu Lefebvre; University of Liege, Pierre Pestieau; Université de Liège,
Gregory Ponthiere; Paris School of Economics
Presented by: Gregory Ponthiere; Paris School of Economics
Gender Wage Discrimination and Trade Openness
By Sarra Ben Yahmed; Aix-Marseille Université
Presented by: Sarra Ben Yahmed; Aix-Marseille Université
The Incidence of Instant Lottery-Ticket Expenditures: An Analysis by Price Point
By Thomas Garrett; Federal Reserve Bank of St. Louis
Presented by: Thomas Garrett; Federal Reserve Bank of St. Louis
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Session 69: Corporate Governance
Session Chair: Luis Santos-Pinto; Time: 15:30 - 17:00
University of Lausanne Location: Bennett Room (Clare College)
Executive Board Composition and Bank Risk Taking
By Allen Berger; University of South Carolina, Thomas Kick; Deutsche Bundesbank,
Klaus Schaeck; University of Wales
Presented by: Klaus Schaeck; University of Wales
A Theory of Income Smoothing When Insiders Know More Than Outsiders
By Viral Acharya; New York University, Bart Lambrecht; Lancaster University Management School
Presented by: Bart Lambrecht; Lancaster University Management School
Corporate Governance and International Trade Shocks
By Mario Amore; Copenhagen Business School, Alminas Zaldokas; INSEAD
Presented by: Mario Amore; Copenhagen Business School
Entrepreneurial Overconfidence, Self-Financing, and Capital-Market Efficiency
By Michele Dell’Era; University of Lausanne, Luis Santos-Pinto; University of Lausanne
Presented by: Luis Santos-Pinto; University of Lausanne
Session 70: Intra-Household Issues in Developing Countries
Session Chair: Valérie Lechene; Time: 15:30 - 17:00
University College London Location: Bowring Room (Clare College)
Maternal Autonomy and the Education of the Subsequent Generation: Evidence from Three
Contrasting States in India
By Marco Alfano; University College London, Wiji Arulampalam; University of Warwick,
Uma Kambhampati; University of Reading
Presented by: Marco Alfano; University College London
Dowry-Stature Link: Theory & Evidence
By Amarendra Sharma; Elmira College
Presented by: Amarendra Sharma; Elmira College
Do the Maths: An Analysis of the Gender Gap in Mathematics in Africa
By Andrew Dickerson; University of Sheffield, Steven McIntosh; University of Sheffield,
Christine Valente; University of Sheffield
Presented by: Christine Valente; University of Sheffield
Efficient Responses to Targeted Cash Transfers
By Valérie Lechene; University College London, Orazio Attanasio; University College London
Presented by: Valérie Lechene; University College London
Session 71: Pupil Effort and Performance
Session Chair: Thomas Cornelissen; Time: 15:30 - 17:00
University College London Location: Glover Room (Clare College)
Using the England Football Team to Identify the Education Production Function: Student
Effort, Educational Attainment and the World Cup
By Simon Burgess; University of Bristol, Robert Metcalfe; University of Oxford,
Stephen Proud; University of Bristol
Presented by: Simon Burgess; University of Bristol
Teams or Tournaments? An Experiment on the Effectiveness of Alternative Grading Policies
By Maria Bigoni; University of Bologna, Margherita Fort; University of Bologna,
Mattia Nardotto; University of Bologna, Tommaso Reggiani; University of Bologna
Presented by: Tommaso Reggiani; University of Bologna
School Entrance Age, Early School Exposure, and Test Scores
By Thomas Cornelissen; University College London, Christian Dustmann; University College London,
Claudia Trentini; UCL
Presented by: Thomas Cornelissen; University College London
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Session 72: Economic Consequences of Health Status
Session Chair: Martin Karlsson; Time: 15:30 - 17:00
Technical University of Darmstadt Location: Lecture Room 2 (West Road Concert Hall)
Impacts of Parental Health on Children’s Development of Personality Traits and Problem
Behavior: Evidence from Parental Health Shocks
By Franz Westermaier; Philipps University Marburg
Presented by: Franz Westermaier; Philipps University Marburg
Adolescent Health and Adult Earnings: Evidence from a Large Sample of Siblings and Twins
By Petter Lundborg; Lund University, Anton Nilsson; Lund University,
Dan-Olof Rooth; School of Business and Economics
Presented by: Anton Nilsson; Lund University
Shadows of The Captain of the Men of Death:
Long-Run Impacts of Early Life Pneumonia Exposure
By Sonia Bhalotra; University of Bristol
Presented by: Sonia Bhalotra; University of Bristol
The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden
By Martin Karlsson; Technical University of Darmstadt
Presented by: Martin Karlsson; Technical University of Darmstadt
Session 73: Trade Policy
Session Chair: Peter Egger; Time: 15:30 - 17:00
ETH Zurich Location: Lecture Room 1 (West Road Concert Hall)
Does Export PromotionWork in Denmark? Evidence from a Matching Approach
By Sanne Hiller; Aarhus University
Presented by: Sanne Hiller; Leuphana University Lüneburg
Landlocked or Policy Locked? How Services Trade Protection Deepens Economic Isolation
By Ingo Borchert; University of Sussex, Batshur Gootiiz; The World Bank,
Arti Grover; Delhi School of Economics, Aaditya Mattoo; The World Bank
Presented by: Ingo Borchert; University of Sussex
Maximum-Revenue versus Optimum-Welfare Tariffs:
A Delegation Game with Many Countries
By Helmuts Azacis; Cardiff University, David Collie; Cardiff University
Presented by: Helmuts Azacis; Cardiff University
Selection into and Effects of Endogenous Preferential Economic Integration Agreements
By Peter Egger; ETH Zurich, Georg Wamser; ETH Zurich
Presented by: Peter Egger; ETH Zurich
Session 74: Topics In Trade II
Session Chair: Sergey Nigai; Time: 15:30 - 17:00
ETH Zurich Location: Lecture Room 3 (West Road Concert Hall)
Does Product Quality Matter For Gains From Trade?
By Silja Baller; University of Oxford
Presented by: Silja Baller; University of Oxford
Product Durability and Trade Volatility
By Dimitra Petropoulou; University of Sussex,
Kwok Tong Soo; Lancaster University Management School
Presented by: Dimitra Petropoulou; University of Sussex
Trading Tasks and Quality
By Banu Demir; University of Oxford
Presented by: Banu Demir; University of Oxford
International Trade and Income Differences: Re-examination
By Sergey Nigai; ETH Zurich
Presented by: Sergey Nigai; ETH Zurich
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Session 75: Voting and Elections
Session Chair: Emanuele Bracco; Time: 15:30 - 17:00
Lancaster University Management School Location: Main Concert Hall (West Road Concert Hall)
The Consequences of Being Forced to Vote: Evidence from Brazil’s Dual Voting System
By Fernanda Leite Lopez de Leon; University of East Anglia, Renata Rizzi; Universidade de Sao Paulo
Presented by: Fernanda Leite Lopez de Leon; University of East Anglia
The Political Cost of Reforms
By Alessandra Bonfiglioli; Institute for Economic Analysis, Gino Gancia; CREI and UPF
Presented by: Gino Gancia; CREI and UPF
Electoral Cycles in Savings Bank Lending
By Florian Englmaier; University of Konstanz, Till Stowasser; University of Munich
Presented by: Till Stowasser; University of Munich
Incumbent Effects and Partisan Alignment in Local Elections:
a Regression Discontinuity Analysis Using Italian Data
By Emanuele Bracco; Lancaster University Management School,
Francesco Porcelli; University of Warwick, Michela Redoano; University of Warwick
Presented by: Emanuele Bracco; Lancaster University Management School
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Session 76: Macroeconomic Dynamics And Asset Prices II Time: 9:30 - 11:00
Session Chair: Yunus Aksoy; Birkbeck Location: Auditorium (Robinson College)
Great Moderation or Great Mistake:
Can Overconfidence in Low Macro-risk Explain the Boom in Asset Prices?
By Tobias Broer; Stockholm University, Afroditi Kero; EUI
Presented by; Afroditi Kero, EUI
What is the Consumption-CAPM missing?
An Information-Theoretic Framework for the Analysis of Asset Pricing Models
By Christian Julliard; London School of Economics
Presented by: Christian Julliard; London School of Economics
Information in the Corporate and Term Spreads: A Macro-Financial Approach
By Hans Dewachter; Catholic University of Leuven,
Leonardo Iania; University of Leuven and University of Maastricht,
Wolfgang Lemke; European Central Bank, Kristien Smedts; K.U.Leuven
Presented by: Leonardo Iania; University of Leuven and University of Maastricht
Liquidity, Term Spreads and Monetary Policy
By Yunus Aksoy; Birkbeck, Henrique Basso; University of Warwick
Presented by: Yunus Aksoy; Birkbeck
Session 77: Econometrics III Time: 9:30 - 11:00
Session Chair: Laura Grigolon; K.U.Leuven Location: Umney Theatre (Robinson College)
Conditional moment models under weak identification
By Bertille Antoine; Simon Fraser University, Pascal Lavergne; Toulouse School of Economics
Presented by: Pascal Lavergne; Toulouse School of Economics
Minimum Distance Estimation for a Class of Markov Decision Processes
By Sorawoot Srisuma; University of Cambridge
Presented by: Sorawoot Srisuma; University of Cambridge
Bias Reduction under Dependence, in a Nonlinear and Dynamic Panel Setting:
The Case of GARCH Panels
By Cavit Pakel; University of Oxford
Presented by: Cavit Pakel; University of Oxford
Nested Logit or Random Coefficients Logit?
A Comparison of Alternative Discrete Choice Models
By Laura Grigolon; K.U.Leuven, Frank Verboven; K.U.Leuven
Presented by: Laura Grigolon; K.U.Leuven
Session 78: Monetary Policy II
Session Chair: Filip Rozsypal; Time: 9:30 - 11:00
University of Cambridge Location: Junior Common Room (Robinson College)
Adverse Selection, Uncertainty Shocks and Monetary Policy
By Daisuke Ikeda; Bank of Japan
Presented by: Daisuke Ikeda; Bank of Japan
Non-uniform Wage Staggering: European Evidence and Monetary Policy Implications
By Michel Juillard; Banque de France, Hervé Le Bihan; Banque de France,
Stephen Millard; Bank of England
Presented by: Stephen Millard; Bank of England
The Optimal Monetary Policy Rule: The Role of Asymmetries and Reputation
By Filip Rozsypal; University of Cambridge
Presented by: Filip Rozsypal; University of Cambridge
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Session 79: Macroeconomic Theory II Time: 9:30 - 11:00
Session Chair: Charles Brendon; Oxford University Location: Music Room (Robinson College)
A Model of Liquidity Provision with Adverse Selection
By Christoph Bertsch; University College London
Presented by: Christoph Bertsch; University College London
The Impact of Government Debt Maturity on Inflation
By Elisa Faraglia; University of Cambridge, Albert Marcet; Universitat Autonoma de Barcelona,
Rigas Oikonomou; HEC Montreal, Andrew Scott; London Business School
Presented by: Elisa Faraglia; University of Cambridge
Applying Perturbation Analysis to Dynamic Optimal Tax Problems
By Charles Brendon; Oxford University
Presented by: Charles Brendon; Oxford University
Session 80: Exchange Rates and Terms of Trade
Session Chair: Kyriacos Lambrias; Time: 9:30 - 11:00
Toulouse School of Economics Location: Games Room (Robinson College)
China’s “Dominance Hypothesis” and the Emergence of a Tri-polar Global Currency System
By Arnaud Mehl; European Central Bank
Presented by: Arnaud Mehl; European Central Bank
Macroeconomic Fundamentals and Exchange Rate Dynamics:
A No-Arbitrage Multi-Country Model
By Weiwei Yin; Bocconi University
Presented by: Weiwei Yin; Bocconi University
News Shocks and Terms of Trade: A Quantitative Investigation
By Kyriacos Lambrias; Toulouse School of Economics
Presented by: Kyriacos Lambrias; Toulouse School of Economics
Session 81: Dynamic Models of Household
Behavior and Labor Supply Time: 9:30 - 11:00
Session Chair: Michelle Rendall; University of Zurich Location: Linnett Room (Robinson College)
Fertility and Female Employment: The Effects of Rising Female Wages
By Christian Siegel; LSE
Presented by: Christian Siegel; LSE
Marriage Stability, Taxation and Aggregate Labor Supply in the US vs. Europe
By Hans Holter; Uppsala University, Serhiy Stepanchuk; University of Pennsylvania
Presented by: Hans Holter; Uppsala University
Life Choices and Mortality Risk
By Christian-Oliver Ewald; University of Glasgow
Presented by: Christian-Oliver Ewald; University of Glasgow
The Service Sector and Female Market Work: Europe vs US
By Michelle Rendall; University of Zurich
Presented by: Michelle Rendall; University of Zurich
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Session 82: Labor Supply and Search
Session Chair: Friedrich Poeschel; Time: 9:30 - 11:00
IAB Institute for Employment Research Location: Garden Room (Robinson College)
Incentives and the Effects of Publication Lags on Life Cycle Research Productivity in
Economics
By Ali Onder; Uppsala University
Presented by: Ali Onder; Uppsala University
Sickness Absence, Sick Leave Pay and Pay Schemes – A Regression-discontinuity Approach
By Harald Dale-Olsen; Institute for Social Research
Presented by: Harald Dale-Olsen; Institute for Social Research
Demotivating Workers: Retrenchment of pension rights and negative reciprocity
By Raymond Montizaan; Maastricht University, Frank Corvers; Universiteit Maastricht,
Andries De Grip; Maastricht University, Thomas Dohmen; ROA
Presented by: Raymond Montizaan; Maastricht University
Assortative Matching Through Signals
By Friedrich Poeschel; IAB Institute for Employment Research
Presented by: Friedrich Poeschel; IAB Institute for Employment Research
Session 83: Wage Determination II
Session Chair: Christoph Weiss; Time: 9:30 - 11:00
University of Padua Location: Auditorium Lounge (Robinson College)
Does the Sector Experience Affect the Pay Gap for Temporary Agency Workers?
By Elke J. Jahn; IAB, Aarhus University, IZA, Dario Pozzoli; Aarhus University
Presented by: Elke J. Jahn; IAB, Aarhus University, IZA
Why are Migrants Paid More?
By Alex Bryson; National Institute of Economic and Socia, Robert Simmons; Lancaster University
Presented by: Alex Bryson; National Institute of Economic and Socia
How the Wage-Education Profile Got More Convex: Evidence from Mexico
By Chiara Binelli; University of Southampton
Presented by: Chiara Binelli; University of Southampton
The Effects of Schooling on Lifetime Earnings
By Giorgio Brunello; University of Padova, Guglielmo Weber; Università di Padova,
Christoph Weiss; University of Padua
Presented by: Christoph Weiss; University of Padua
Session 84: Topics in Growth
Session Chair: Radoslaw Stefanski; Time: 9:30 - 11:00
University of Oxford Location: Umney Lounge (Robinson College)
Does Tax Structure Affect Economic Growth? Empirical Evidence from OECD Countries
By Jing Xing; Said Business School, University of Oxford
Presented by: Jing Xing; Centre for Business Taxation, Said Business School, University of Oxford
Changing Places: Labour Markets and Structural Transformation
By Fabio Monteforte; University of Bristol, Jonathan Temple; University of Bristol,
Mathan Satchi; University of Kent
Presented by: Mathan Satchi; University of Kent
Markups and Export Prices
By Joakim Gullstrand; Lund University, Karin Olofsdotter; Lund University, Susanna Thede
Presented by: Karin Olofsdotter; Lund University
Structural Transformation and Pollution
By Radoslaw Stefanski; University of Oxford
Presented by: Radoslaw Stefanski; University of Oxford
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Session 85: Macroeconomic Fluctuations II
Session Chair: Alessandro Mennuni; Time: 9:30 - 11:00
University of Southampton Location: TR7 (Robinson College)
The Changing Macroeconomic Response to Stock Market Volatility Shocks
By Massimo Giuliodori; University of Amsterdam
Presented by: Massimo Giuliodori; University of Amsterdam
Loan supply shocks and the business cycle
By Luca Gambetti; Universitat Autonoma de Barcelona, Alberto Musso; ECB
Presented by: Alberto Musso; ECB
Input Trade Over the Cycle
By Robert Zymek; University of Edinburgh
Presented by: Robert Zymek; University of Edinburgh
Labour force composition and aggregate fluctuations
By Alessandro Mennuni; University of Southampton
Presented by: Alessandro Mennuni; University of Southampton
Session 86: Knowledge Diffusion and IPRs
Session Chair: Mila Kashcheeva; Time: 9:30 - 11:00
Clemson University Location: Teaching Room A (Robinson College)
Knowledge Linkages, Specialization and Growth
By Jie Cai; University of New South Wales, Nan Li; Ohio State University
Presented by: Nan Li; University of New South Wales
Inter-sectorial Knowledge Diffusion and Scale Effects
By Elie Gray; Université de Toulouse, Toulouse Business School
Presented by: Elie Gray; Université de Toulouse, Toulouse Business School
The Role of the Intellectual Property Rights in the Relation between Foreign Direct
Investment and Growth
By Mila Kashcheeva; Clemson University
Presented by: Mila Kashcheeva; Clemson University
Session 87: Admission Policies in Education Time: 9:30 - 11:00
Session Chair: Thomas Gall; University of Bonn Location: J8 (Robinson College)
Are University Admissions Academically Fair?
By Debopam Bhattacharya; University of Oxford
Presented by: Debopam Bhattacharya; University of Oxford
Female Education and Fertility –
Evidence from Changes in British Compulsory Schooling Laws
By Nils Braakmann; Newcastle University
Presented by: Nils Braakmann; Newcastle University
College Admission and High School Integration
By Fernanda Estevan; University of Ottawa, Thomas Gall; University of Bonn,
Patrick Legros; ECARES, Andrew Newman; Boston University, CEPR
Presented by: Thomas Gall; University of Bonn
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Session 88: Financial Regulation Time: 9:30 - 11:00
Session Chair: Tobias Wenzel; Universität Düsseldorf Location: GR04 (Faculty of English)
Government Strength and Financial Reforms
By Thomass Lambert; Université catholique de Louvain,
Francesco Di Comite; IRES, Universite Catholique de Louvain
Presented by: Thomass Lambert; Université catholique de Louvain
Minimum Capital Requirements, Bank Supervision and Special Resolution Schemes
By Uwe Vollmer; University of Leipzig
Presented by: Uwe Vollmer; University of Leipzig
Whither Capitalism? Financial Externalities and Crisis
By Marcus Miller; University of Warwick, Lei Zhang; University of Warwick
Presented by: Lei Zhang; University of Warwick
Strategic Obfuscation and Consumer Protection Policy in Financial Markets
By Yiquan Gu; University of Liverpool, Tobias Wenzel; Universität Düsseldorf
Presented by: Tobias Wenzel; Universität Düsseldorf
Session 89: Industry Dynamics
Session Chair: Florin Maican; University of Gothenburg Time: 9:30 - 11:00
and Research Institute in Industrial Economics Location: GR05 (Faculty of English)
Goods Versus Characteristics: Dimension Reduction and Revealed Preference
By Matthew Polisson; University of Leicester
Presented by: Matthew Polisson; University of Leicester
Size-growth Relationship among Domestic and Exporting Firms:
The Role of Investment and Heterogeneous Financial Constraints
By Florian Mayneris; Université Catholique de Louvain
Presented by: Florian Mayneris; Université Catholique de Louvain
Assessing Unilateral Merger Effects in a Two-Sided Market:
An Application to the Dutch Daily Newspaper Market
By Tobias Klein; Tilburg University
Presented by: Tobias Klein; Tilburg University
From Boom to Bust and Back Again: A Dynamic Analysis of IT Services
By Florin Maican; University of Gothenburg and Research Institute of Industrial Economics (IFN)
Presented by: Florin Maican; University of Gothenburg and Research Institute in Industrial Economics
Session 90: Productivity I Time: 9:30 - 11:00
Session Chair: Sara Amoroso; Tilburg University Location: GR06 (Faculty of English)
Do Product Market Regulationsin Upstream Sectors Curb Productivity Growth?
Panel Data Evidence for OECD Countries
By Renaud Bourles; Ecole Centrale Marseille, Gilbert Cette; Banque de France,
Jimmy Lopez; Banque de France, Jacques Mairesse; ENSAE and Maastricht University,
Giuseppe Nicoletti; OECD
Presented by: Jimmy Lopez; Banque de France
Effect of Regulatory Reform of Mobile Telecommunications on Efficiency
By Yan Li; University of East Anglia, Catherine Waddams; University of East Anglia
Presented by: Yan Li; University of East Anglia
Competition, New Private Market Entry and Their Effect On Public Hospitals’ Productivity
By Zack Cooper; London School of Economics, Steve Gibbons; LSE, Simon Jones; Surrey University,
Alistair McGuire; London School of Economics
Presented by: Zack Cooper; London School of Economics
Firm Level Productivity under Imperfect Competition in Output and Labor Markets
By Sara Amoroso; Tilburg University, Bertrand Melenberg; Tilburg University,
Joseph Plasmans; University of Antwerp, Mark Vancauteren; Hasselt University
Presented by: Sara Amoroso; Tilburg University
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Session 91: Reputation and Signalling in Markets
Session Chair: Mikhail Drugov; Time: 9:30 - 11:00
Universidad Carlos III de Madrid Location: GR07 (Faculty of English)
Money Talks: Rebate Mechanisms in Reputation System Design
By Lingfang (Ivy) Li; Shanghai University of Finance and Econo
Presented by: Lingfang (Ivy) Li; Shanghai University of Finance and Econo
Sell-outs, Beliefs and Bandwagon Behavior
By Nick Vikander; University of Edinburgh
Presented by: Nick Vikander; University of Edinburgh
Bias, Noise and Consumer Protection
By Mikhail Drugov; Universidad Carlos III de Madrid, Marta Troya-Martinez; University of Oxford
Presented by: Mikhail Drugov; Universidad Carlos III de Madrid
Session 92: Experimental Economics III Time: 9:30 - 11:00
Session Chair: Maoliang Ye; Harvard University Location: Riley Auditorium (Clare College)
Who Acts more like a Game Theorist?
Group and Individual Play in a Sequential Market Game and the Effect of the Time Horizon
By Fangfang Tan; Max Planck Institute for Tax Law and Public Finance
Presented by: Fangfang Tan; Max Planck Institute for Tax Law and Public Finance
Learning, Forecasting and Optimizing: an Experimental Study
By Te Bao; University of Amsterdam, John Duffy; University of Pittsburgh,
Cars Hommes; University of Amsterdam
Presented by: Te Bao; University of Amsterdam
When Does Gradualism Build Coordination? Theory and Experiments
By Maoliang Ye; Harvard University
Presented by: Maoliang Ye; Harvard University
Session 93: Mechanisms and Contracts III
Session Chair: F.L. Philip Tzang; Time: 9:30 - 11:00
Hong Kong Polytechnic University Location: Elton Room (Clare College)
Eliciting Information from a Committee
By Andriy Zapechelnyuk; Queen Mary, University of London
Presented by: Andriy Zapechelnyuk; Queen Mary, University of London
Objective vs. Subjective Performance Evaluations
By Stefan Terstiege; University of Bonn
Presented by: Stefan Terstiege; University of Bonn
A Simple Bargaining Mechanism That Elicits Truthful Reservation Prices
By Steven Brams; New York University, Todd Kaplan; Economics,
Marc Kilgour; Wilfrid Laurier University
Presented by: Todd Kaplan; Economics
A Theory of Evidence-Based Ruling in Contract Enforcement
By F.L. Philip Tzang; Hong Kong Polytechnic University
Presented by: F.L. Philip Tzang; Hong Kong Polytechnic University
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Session 94: Compliance and Regulation Time: 9:30 - 11:00
Session Chair: Ted To; Bureau of Labor Statistics Location: Bennett Room (Clare College)
Using Panel Data to Exactly Estimate Income Under-Reporting by the Self Employed
By Bonggeun Kim; Seoul National University, John Gibson; The University of Waikato,
Chul Chung; KIEP/KITA
Presented by: Bonggeun Kim; Seoul National University
The Use of Tax Havens in Exemption Regimes
By Anna Gumpert; Ludwig-Maximilians-Universitaet Muenchen, James Hines; University of Michigan,
Monika Schnitzer; Universitaet Muenchen
Presented by: Anna Gumpert; Ludwig-Maximilians-Universitaet Muenchen
Taxes, Prisons, and CFOs:
The Effects of Increased Tax Punishment on Corporate Tax Compliance in Ecuador
By Gabriela Aparicio; The George Washington University, Paul Carrillo; George Washington University,
M. Shahe Emran; George Washington University
Presented by: Gabriela Aparicio; The George Washington University
The Economics of Smoking Bans
By V Bhaskar; UCL, Ted To; Bureau of Labor Statistics
Presented by: Ted To; Bureau of Labor Statistics
Session 95: Topics in Development Time: 9:30 - 11:00
Session Chair: Sonja Fagernas; University of Sussex Location: Bowring Room (Clare College)
The Relationship between Immigration Status and Victimization - Evidence from the BCS
By Georgios Papadopoulos; University of East Anglia
Presented by: Georgios Papadopoulos; University of East Anglia
The Development Impact of a Best Practice Seasonal Worker Policy
By John Gibson; University of Waikato, David Mckenzie; The World Bank
Presented by: John Gibson; University of Waikato
Protection through Proof of Age.
Birth Registration and Child Labor in Early 20th Century USA
By Sonja Fagernas; University of Sussex
Presented by: Sonja Fagernas; University of Sussex
Session 96: Effects on Health Time: 9:30 - 11:00
Session Chair: Susan Harkness; University of Bath Location: Glover Room (Clare College)
Intergenerational effect of schooling and childhood overweight
By Ryota Nakamura; University of East Anglia
Presented by: Ryota Nakamura; University of East Anglia
Aircraft Noise, Health, and Selection into Residence: Evidence from Two Quasi-experiments
By Stephan Nuesch; University of Zurich
Presented by: Stephan Nuesch; University of Zurich
The Influence of Employment on Depression:
a Study of British Single and Partnered Mothers
By Susan Harkness; University of Bath
Presented by: Susan Harkness; University of Bath
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Session 97: Economics of Conflict Time: 9:30 - 11:00
Session Chair: Oliver Vanden Eynde; LSE Location: Lecture Room 2 (West Road Concert Hall)
The Need for Enemies
By Leopoldo Fergusson; Universidad de los Andes, James Robinson; Harvard University,
Ragnar Torvik; Norwegian University of Science and Tech, Juan Vargas; Universidad del Rosario
Presented by: Leopoldo Fergusson; Universidad de los Andes
Group Violence, Ethnic Diversity and Citizen Participation: Evidence from Indonesia
By Christophe Muller; DEFI, AMSE, University of Aix-Marseille,
Marc Vothknecht; German Institute for Economic Research
Presented by: Christophe Muller; DEFI, AMSE, University of Aix-Marseille
Disease Environment and Civil Conflicts
By Matteo Cervellati; University of Bologna, Uwe Sunde; University of St.Gallen, Simona Valmori
Presented by: Matteo Cervellati; University of Bologna
Targets of Violence: Evidence from India’s Naxalite Conflict
By Oliver Vanden Eynde; LSE
Presented by: Oliver Vanden Eynde; LSE
Session 98: Topics In Trade III
Session Chair: Mouhamadou Sy; Time: 9:30 - 11:00
Paris School of Economics Location: Lecture Room 1 (West Road Concert Hall)
Reverse Trade Credit - The Use of Prepayments by French Firms
By Simona Mateut; University of Nottingham
Presented by: Simona Mateut; University of Nottingham
U.S. Banking Integration and State-Level Exports
By Tomasz Michalski; HEC Paris, Evren Ors; HEC Paris
Presented by: Tomasz Michalski; HEC Paris
Financing Constraints, Firm Dynamics and International Trade
By Stephane Verani; Board of Governors of the Federal Reserve System
Presented by: Stephane Verani; Board of Governors of the Federal Reserve System
The Non-Monetary Side of the Global Disinflation
By Mouhamadou Sy; Paris School of Economics
Presented by: Mouhamadou Sy; Paris School of Economics
Session 99: Economics of Happiness II
Session Chair: William Whittaker; Time: 9:30 - 11:00
University of Manchester Location: Lecture Room 3 (West Road Concert Hall)
Retirement and the Marginal Utility of Income
By Andrew Clark; Paris School of Economics, Yarine Fawaz; European University Institute
Presented by: Yarine Fawaz; European University Institute
Changing Identity: Retiring from Unemployment
By Clemens Hetschko; Freie Universität Berlin, Andreas Knabe; Freie Universität Berlin,
Ronnie Schöb; Freie Universität Berlin
Presented by: Clemens Hetschko; Freie Universität Berlin
Does it Matter How Life Satisfaction is Measured? -
Evidence from a Randomized Experiment
By Raphael Studer; UZH, Rainer Winkelmann; University of Zurich
Presented by: Raphael Studer; UZH
The Pursuit of Happiness? Subjective Wellbeing and Internal Migration in Great Britain.
By William Whittaker; University of Manchester
Presented by: William Whittaker; University of Manchester
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Session 100: Environmental Economics III
Session Chair: Dakshina De Silva; Time: 9:30 - 11:00
Lancaster University Location: Main Concert Hall (West Road Concert Hall)
A General Equilibrium Model of Environmental Option Values
By Iain Fraser; university of kent, Katsuyuki Shibayama; University of Kent at Canterbury
Presented by: Katsuyuki Shibayama; University of Kent at Canterbury
In Search of the Green Paradox: Announcement Effects of Title IV of the 1990 CAAA
By Corrado Di Maria; University of Birmingham, Ian Lange; University of Stirling,
Edwin Van der Werf; Wageningen University
Presented by: Corrado Di Maria; University of Birmingham
Going Green: Does it Depend on Education, Gender, or Income?
By Dakshina De Silva; Lancaster University
Presented by: Dakshina De Silva; Lancaster University
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Session 101: Fiscal Policy II Time: 15:30 - 17:00
Session Chair: Paul Levine; University of Surrey Location: Auditorium (Robinson College)
The Dark Side of Fiscal Stimulus
By Holger Strulik; University of Hannover, Timo Trimborn; University of Hannover
Presented by: Timo Trimborn; University of Hannover
Household Leverage and Fiscal Multipliers
By Javier Andres; University of Valencia, José Boscá; Universidad de Valencia,
Francisco Ferri; University of Valencia
Presented by: Francisco Ferri; University of Valencia
Targeted Transfers and the Fiscal Response to the Great Recession
By Ricardo Reis; Columbia University
Presented by: Ricardo Reis; Columbia University
A Fiscal Stimulus and Jobless Recovery
By Cristiano Cantore; University of Surrey, Paul Levine; University of Surrey,
Giovanni Melina; University of Surrey
Presented by: Paul Levine; University of Surrey
Session 102: Financial Frictions and
Macroeconomic Fluctuations
Session Chair: Tatiana Damjanovic; Time: 15:30 - 17:00
University of Exeter Location: Umney Theatre (Robinson College)
Financial Shocks and Labor Market Fluctuations
By Francesco Zanetti; Bank of England
Presented by: Francesco Zanetti; Bank of England
Verifying the State of Financing Constraints: Evidence from U.S. Business Credit Contracts
By Ralf Meisenzahl; Federal Reserve Board
Presented by: Ralf Meisenzahl; Federal Reserve Board
Asset Bubbles and Bailout
By Tomohiro Hirano; The University of Tokyo
Presented by: Tomohiro Hirano; The University of Tokyo
Universal Banking, Competition and Risk in a Macro Model
By Tatiana Damjanovic; University of Exeter, Vladislav Damjanovic; University of St Andrews,
Charles Nolan; University of Glasgow
Presented by: Tatiana Damjanovic; University of Exeter
Session 103: International Business Cycles II
Session Chair: Nan Li; Time: 15:30 - 17:00
Ohio State University Location: Junior Common Room (Robinson College)
If the United States Sneezes, Does the World Need Paracetamol?
By Javier Ordóñez; University of Bath
Presented by: Javier Ordóñez; University of Bath
Markov-switching Monetary Policy in a Two-country DSGE Model
By Konstantinos Mavromatis; University of Warwick and WBS
Presented by: Konstantinos Mavromatis; University of Warwick and WBS
Financial Frictions, the Great Trade Collapse and International Trade over the Business Cycle
By Anna Watson; University of Cambridge
Presented by: Anna Watson; University of Cambridge
Factor Proportions and International Business Cycles
By Keyu Jin; London School of Economics, Nan Li; Ohio State University
Presented by: Nan Li; Ohio State University
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Session 104: Labour Demand Time: 15:30 - 17:00
Session Chair: Weishi Gu; Cornell University Location: Music Room (Robinson College)
Poachung and Firm-Sponsored Training: First Clean Evidence
By Jens Mohrenweiser; ZEW, Uschi Backes-Gellner; Zurich University, Thomas Zwick; LMU
Presented by: Jens Mohrenweiser; ZEW
Do Employers Use Unemployment as a Sorting Criterion When Hiring? -
Evidence from a Field Experiment
By Stefan Eriksson; Uppsala University, Dan-Olof Rooth; School of Business and Economics
Presented by: Stefan Eriksson; Uppsala University
Looking for Local-Labor-Market Effects of NAFTA
By Shushanik Hakobyan; Middlebury College,
John McLaren; University of Virginia/University of Cambridge
Presented by: John McLaren; University of Virginia/University of Cambridge
Jobless Recovery: Employment Benefit Cost and Financial Frictions
By Weishi Gu; Cornell University
Presented by: Weishi Gu; Cornell University
Session 105: Housing Markets Time: 15:30 - 17:00
Session Chair: Chiara Forlati; EPFL Location: Games Room (Robinson College)
Simulating Mortgage Default
By Thomas Schelkle; London School of Economics
Presented by: Thomas Schelkle; London School of Economics
Immigration and House Prices in the UK
By Filipa Sa; Trinity College, University of Cambridge
Presented by: Filipa Sa; Trinity College, University of Cambridge
Race, Redlining, and Subprime Loan Pricing
By Andra Ghent; Baruch College, Ruben Hernandez; Federal Reserve Bank of St. Louis,
Michael Owyang; Federal Reserve Bank of St Louis
Presented by: Ruben Hernandez; Federal Reserve Bank of St. Louis
Mortgage Amortization and Amplification
By Chiara Forlati; EPFL, Luisa Lambertini; EPFL
Presented by: Chiara Forlati; EPFL
Session 106: Aggregate Productivity
Session Chair: Guiying Laura Wu; Time: 15:30 - 17:00
Nanyang Technological University Location: Linnett Room (Robinson College)
Technology-Skill Complementarity and International TFP Differences
By Beatrice Farkas; DIW Berlin, Areendam Chanda; Louisiana State University
Presented by: Beatrice Farkas; DIW Berlin
Finance and Productivity: The Effects of Enforceability Constraints on Factor Misallocation
By Burak Uras; Tilburg University
Presented by: Burak Uras; Tilburg University
Property Rights and Economics Development: The Legacy of Japanese Colonial Institutions
By Dongwoo Yoo; West Virginia University, Richard Steckel; Ohio State Univesrity
Presented by: Dongwoo Yoo; West Virginia University
A Structural Estimation on Capital Market Distortions in UK and Chinese Manufacturing
Firms
By Zheng Song; Chicago Booth, Guiying Laura Wu; Nanyang Technological University
Presented by: Guiying Laura Wu; Nanyang Technological University
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Session 107: Macro Models of the Labour Market Time: 15:30 - 17:00
Session Chair: Paul Scanlon; Trinity College Dublin Location: Garden Room (Robinson College)
Skill-biased Technological Change, Unemployment and Brain Drain
By Harald Fadinger; University of Vienna, Karin Mayr; University of Vienna
Presented by: Karin Mayr; University of Vienna
Employment Adjustment and Labor Utilization
By Ija Trapeznikova; Royal Holloway, University of London
Presented by: Ija Trapeznikova; Royal Holloway, University of London
New Goods and Long-Run Trends in Labor Supply
By Paul Scanlon; Trinity College Dublin
Presented by: Paul Scanlon; Trinity College Dublin
Labor and Financial Frictions and Aggregate Fluctuations
By Haroon Mumtaz; Bank of England, Francesco Zanetti; Bank of England
Presented by: Francesco Zanetti; Bank of England
Session 108: Monetary Economics III
Session Chair: Andre Silva; Time: 15:30 - 17:00
Universidade Nova de Lisboa Location: Auditorium Lounge (Robinson College)
Reducing Overreaction to Central Banks’ Disclosures: Theory and Experiment
By Romain Baeriswyl; Swiss National Bank
Presented by: Romain Baeriswyl; Swiss National Bank
Financial Frictions and the Demand for Money
By Bernardino Adao; Banco de Portugal, Andre Silva; Universidade Nova de Lisboa
Presented by: Bernardino Adao; Banco de Portugal
A Quantitative Analysis of Optimal Sustainable Monetary Policies
By Takeki Sunakawa; Ohio State University and Bank of Japan
Presented by: Takeki Sunakawa; Ohio State University and Bank of Japan
Financial Frictions and Interest Rate Shocks
By Bernardino Adão; Banco de Portugal, Andre Silva; Universidade Nova de Lisboa
Presented by: Andre Silva; Universidade Nova de Lisboa
Session 109: Inequality and Risk
Session Chair: Maelys de la Rupelle; Time: 15:30 - 17:00
University of Namur Location: Umney Lounge (Robinson College)
Risk Aversion Heterogeneity and Wealth Inequality
By Marco Cozzi; Queen’s University
Presented by: Marco Cozzi; Queen’s University
British, American, and British-American Social Mobility: Intergenerational Occupational
Change Among Migrants and Non-Migrants in the Late 19th Century
By Jason Long; Wheaton College, Joseph Ferrie; Northwestern University
Presented by: Jason Long; Wheaton College
Inequality Persistence and Revolution : what can we learn from the Long March in China?
By Maelys de la Rupelle; University of Namur, Shi Li; Beijing Normal University
Presented by: Maelys de la Rupelle; University of Namur
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Session 110: Institutions and Labour Markets
Session Chair: Chiara Rosazza Bondibene; Time: 15:30 - 17:00
Royal Holloway, University of London Location: TR7 (Robinson College)
Quit Behavior and Job Protection
By Anne Gielen; IZA, Konstantinos Tatsiramos; University of Leicester and IZA
Presented by: Konstantinos Tatsiramos; University of Leicester and IZA
The Transition from School to Work for High School Dropouts:
The Effect of Temporary Help Agency Work vs Active Labor Market Programs
By Kristine von Simson; Institute for Social Research
Presented by: Kristine von Simson; Institute for Social Research
Impact of Benefit Sanctions on Unemployment Outflow -
Evidence from German Survey Data
By Katja Hillmann; Hamburg University, Ingrid Hohenleitner; Hamburg University
Presented by: Ingrid Hohenleitner; Hamburg University
Labour market institutions and unemployment volatility: evidence from OECD countries
By Renato Faccini; Queen Mary, University of London,
Chiara Rosazza Bondibene; Royal Holloway, University of London
Presented by: Chiara Rosazza Bondibene; Royal Holloway, University of London
Session 111: Topics in Growth and Development
Session Chair: Andros Kourtellos; Time: 15:30 - 17:00
University of Cyprus Location: Teaching Room A (Robinson College)
Public Versus Private Education: Is There a Role for Institutions?
By Anastasia Litina; University of Luxembourg
Presented by: Anastasia Litina; University of Luxembourg
Educational Corruption and Economic Growth
By Philip Shaw; Fordham University
Presented by: Philip Shaw; Fordham University
Aggregate Productivity Growth and the Allocation of Resources over the Business Cycle
By Sophie Osotimehin; Paris School of Economics, CREST
Presented by: Sophie Osotimehin; Paris School of Economics, CREST
Failure to Launch? The Role of Land Inequality in Transition Delays
By Andros Kourtellos; University of Cyprus, Ioanna Stylianou; University Of Cyprus,
Chih Ming Tan; Clark University
Presented by: Andros Kourtellos; University of Cyprus
Session 112: Foreign Aid Time: 15:30 - 17:00
Session Chair: Eoin McGuirk; Trinity College Dublin Location: J8 (Robinson College)
Should Easier Access to International Credit Replace Foreign Aid?
By Subhayu Bandyopadhyay; Federal Reserve Bank of St Louis,
Sajal Lahiri; Southern Illinois University Carbondale, Javed Younas; American University of Sharjah
Presented by: Javed Younas; American University of Sharjah
Foreign Aid - A Fillip for Development or a Fuel for Corruption
By Keith Blackburn; University of Manchester, Gonzalo Forgues-Puccio; University of St Andrews
Presented by: Gonzalo Forgues-Puccio; University of St Andrews
Sidestepping the Samaritan’s Dilemma:
Using a Dual-Self Model to Explain Conditionality Failure
By Paul Clist; UEA
Presented by: Paul Clist; UEA
By The People? Foreign Aid and Donor-Country Democracy
By Eoin McGuirk; Trinity College Dublin, Pedro Vicente; Trinity College Dublin,
Daniel Kaufmann; Brookings Institution
Presented by: Eoin McGuirk; Trinity College Dublin
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Session 113: Tax Competition Time: 15:30 - 17:00
Session Chair: Celine Azemar; University of Glasgow Location: GR04 (Faculty of English)
Why Enter a Tax Sparing Agreement?
By Nigar Hashimzade; University of Reading, Gareth Myles; University of Exeter,
Sirikamon Udompol; University of Exeter
Presented by: Nigar Hashimzade; University of Reading
Taxation of Multinationals in the Presence of Internal Capital Markets
By Michael Stimmelmayr; CES, University of Munich and CESifo,
Marko Koethenbuerger; University of Copenhagen
Presented by: Michael Stimmelmayr; CES, University of Munich and CESifo
To Incorporate or to Move?
The Impact of Income Taxes on Incorporation and Location Decisions
By Li Liu; University of Oxford
Presented by: Li Liu; University of Oxford
Country Characteristics and The Incidence of Capital Income Taxation on Wages:
An Empirical Assessment
By Celine Azemar; University of Glasgow
Presented by: Celine Azemar; University of Glasgow
Session 114: Taxation Time: 15:30 - 17:00
Session Chair: Rowena Crawford; IFS Location: GR05 (Faculty of English)
Taxation and Labor Force Participation: The Case of Italy
By Stefania Marcassa; Université de Cergy-Pontoise
Presented by: Stefania Marcassa; Université de Cergy-Pontoise
Taxation, Entrepreneurship and Self-Employment:
Evidence from a Regression Discontinuity Design
By Danny McGowan; Bangor University
Presented by: Danny McGowan; Bangor University
Demand Responses to Changes in Consumer Prices in Mexico:
Lessons for Policy and an Application to the 2010 Mexican Tax Reforms
By Laura Abramovsky; Institute for Fiscal Studies, Orazio Attanasio; University College London,
David Phillips; Institute for Fiscal Studies
Presented by: David Phillips; Institute for Fiscal Studies
Do Up-front Tax Incentives Affect Private Pension Saving in the United Kingdom?
By Rowena Crawford; IFS, Carl Emmerson; Institute for Fiscal Studies
Presented by: Rowena Crawford; IFS
Session 115: Mechanisms and Contracts IV Time: 15:30 - 17:00
Session Chair: Andrzej Kwiatkowski; University of Dundee Location: GR06 (Faculty of English)
Internal Governance, Security Price and Firm Dynamics
By Kaipichit Ruengsrichaiya; EDHEC
Presented by: Kaipichit Ruengsrichaiya; EDHEC
Failure of Gradualism under Imperfect Monitoring
By Yves Gueron; University College London
Presented by: Yves Gueron; University College London
Contract Design with Countervailing Incentives, Correlated Information and Limited Liability
By Daniel Danau; Université de Caen, Annalisa Vinella; University of Bari
Presented by: Annalisa Vinella; University of Bari
Non-cooperative Incentives to Share Knowledge in Competitive Environments
By Andrzej Kwiatkowski; University of Dundee
Presented by: Andrzej Kwiatkowski; University of Dundee
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Session 116: Preferences and Choice II Time: 15:30 - 17:00
Session Chair: Yuval Heller; University of Oxford Location: GR07 (Faculty of English)
Unawareness in Dynamic Psychological Games
By Alexander Sebald; University of Copenhagen, Carsten Nielsen; University of Copenhagen
Presented by: Alexander Sebald; University of Copenhagen
The Value of Medical Diagnosis: Why People Reject Medical Information
By Markus Fels; University of Bonn
Presented by: Markus Fels; University of Bonn
Choice in the Presence of Attractions
By Georgios Gerasimou; University of St Andrews
Presented by: Georgios Gerasimou; University of St Andrews
Overconfidence and Diversification
By Yuval Heller; University of Oxford
Presented by: Yuval Heller; University of Oxford
Session 117: Patents and Innovation
Session Chair: Yulia Rodionova; Time: 15:30 - 17:00
De Montfort University Location: Riley Auditorium (Clare College)
Innovation and Productivity of Dutch Firms: A Panel Data Analysis
By Mark Vancauteren; Hasselt University, Peter Kort; Tilburg University,
Bertrand Melenberg; Tilburg University, Joseph Plasmans; University of Antwerp
Presented by: Mark Vancauteren; Hasselt University
Market Size, Education, Trust, and the Value of IPRs: Evidence from the Validation of
European Patents
By Bas Straathof; CPB Netherlands Bureau for Economic Policy Analysis,
Sander Van Veldhuizen; CPB Netherlands Bureau for Economic Policy Analysis
Presented by: Bas Straathof; CPB Netherlands Bureau for Economic Poli
In the Shadow of Giants
By Jing-Yuan Chiou; IMT Lucca
Presented by: Jing-Yuan Chiou; IMT Lucca
Returns to Patenting and Training – Panel Study of the UK Innovators
By Maksim belitski; Indiana University Bloomington, Yulia Rodionova; De Montfort University
Presented by: Yulia Rodionova; De Montfort University
Session 118: Productivity II
Session Chair: Luca David Opromolla; Time: 15:30 - 17:00
Banco de Portugal & UECE Location: Elton Room (Clare College)
Information Sharing and Knowledge Worker Productivity: Evidence from a Japanese Bank
By Marco Di Maggio; MIT, Marshall Van Alstyne; MIT
Presented by: Marco Di Maggio; MIT
The Nexus between Labor Diversity and Firm’s Innovation
By Mariola Pytlikova; Aarhus University
Presented by: Mariola Pytlikova; Aarhus University
Managers’ Mobility, Trade Status, and Wages
By Luca David Opromolla; Banco de Portugal & UECE, Giordano Mion; LSE
Presented by: Luca David Opromolla; Banco de Portugal & UECE
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Session 119: Education Policy II
Session Chair: Musiliu Adewole; Time: 15:30 - 17:00
Covenant University Location: Bennett Room (Clare College)
Reinvestigating Who Benefits and Who Loses from Universal Childcare in Canada
By Michael Kottelenberg; Queen’s University, Steven Lehrer; Queen’s University and NBER
Presented by: Michael Kottelenberg; Queen’s University
Is Universal Child Care Levelling the Playing-field?
By Tarjei Havnes; University of Oslo, Magne Mogstad; University College London
Presented by: Tarjei Havnes; University of Oslo
Inequality and Education Funding: Theory and Evidence from the U.S. School Districts
By Calin Arcalean; ESADE Business School, Ioana Schiopu; ESADE Business School
Presented by: Ioana Schiopu; ESADE Business School
Did Universal Primary Education Improve Labour Market Performance in Nigeria
By Musiliu Adewole; Covenant University
Presented by: Musiliu Adewole; Covenant University
Session 120: School Performance
Session Chair: Marc Piopiunik; Time: 15:30 - 17:00
Ifo Institute for Economic Research Location: Bowring Room (Clare College)
Does Additional Spending Help Urban Schools?
An Evaluation using Boundary Discontinuities
By Steve Gibbons; LSE
Presented by: Sandra McNally; LSE
Does Money Matter? The Effect of Child Care Subsidies on Academic Performance
By Paul J. Devereux; UCD
Presented by: Paul J. Devereux; UCD
The Effects of Early Tracking on Student Performance:
Evidence from a Policy Reform in Bavaria
By Marc Piopiunik; Ifo Institute for Economic Research
Presented by: Marc Piopiunik; Ifo Institute for Economic Research
Session 121: Economics of Crime
Session Chair: Patrick Andreoli Versbach; Time: 15:30 - 17:00
International Max Planck Research School Location: Glover Room (Clare College)
Stealing to Survive: Crime and Income Shocks in 19th Century France
By Vincent Bignon; Bank of France, Eve Caroli; Paris School of Economics,
Roberto Galbiati; CNRS, EconomiX and Department of Economi
Presented by: Vincent Bignon; Bank of France
Youth Crime and Education Expansion
By Olivier Marie; University of Maastricht
Presented by: Olivier Marie; University of Maastricht
Not Everything that Hurts, Hurts: Evidence from Cheating in Tennis
By Patrick Andreoli Versbach; International Max Planck Research School
Presented by: Patrick Andreoli Versbach; International Max Planck Research School
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Session 122: Productivity in Developing
and Emerging Countries
Session Chair: Markus Eberhardt; Time: 15:30 - 17:00
University of Nottingham Location: Lecture Room 2 (West Road Concert Hall)
Revolutionizing Transport: Modern Infrastructure, Agriculture and Development in Ghana
By Remi Jedwab; London School of Economics / PSE, Alexander Moradi; University of Sussex
Presented by: Remi Jedwab; University of Sussex
Vertical Relational Contracts and Trade Credit in Developing Countries
By Marta Troya-Martinez; University of Oxford
Presented by: Marta Troya-Martinez; University of Oxford
Heterogeneity, Risk, and Learning in the Adoption of Agricultural Technologies
By Andrew Zeitlin; Oxford University
Presented by: Andrew Zeitlin; Oxford University
Is the Dragon Learning to Fly? An Analysis of the Chinese Patent Explosion
By Markus Eberhardt; University of Nottingham, Christian Helmers; Universidad Carlos III de Madrid,
Zhihong Yu; University of Nottingham
Presented by: Markus Eberhardt; University of Nottingham
Session 123: Trade Flows
Session Chair: Giorgia Giovannetti; Time: 15:30 - 17:00
University of Firenze Location: Lecture Room 1 (West Road Concert Hall)
Extensive and Intensive Trade Margins: A State-by-State View
By Cletus Coughlin; Federal Reserve Bank of St. Louis
Presented by: Cletus Coughlin; Federal Reserve Bank of St. Louis
The Long-run Trade Costs of the American Secession
By Jasmin Gröschl; Ifo Institute for Economic Research,
Gabriel Felbermayr; Ifo Institut for Economic Research at th
Presented by: Jasmin Gröschl; Ifo Institute for Economic Research
The Costs of Babylon - Linguistic Distance in Applied Economics
By Ingo Isphording; Ruhr-University of Bochum, Sebastian Otten; Ruhr University Bochum; RWI Essen
Presented by: Sebastian Otten; Ruhr University Bochum; RWI Essen
The “China effect” on EU Exports to OECD markets
By Giorgia Giovannetti; University of Firenze
Presented by: Giorgia Giovannetti; University of Firenze
Session 124: Health Policy
Session Chair: Hendrik Schmitz; Time: 15:30 - 17:00
University of Duisburg-Essen Location: Lecture Room 3 (West Road Concert Hall)
Are the Youth of today are sickening?:
Implications of Age and Cohort Effects in Health and Service Use for NHS Planning
By Tom Mason; University of Manchester
Presented by: Tom Mason; University of Manchester
Can Governments do it Better? Merger Mania and Hospital Outcomes in the English NHS
By Mauro Laudicella; Imperial College
Presented by: Mauro Laudicella; Imperial College
Do Public Health Interventions Crowd Out Private Health Investments?
Malaria Control Policies in Eritrea
By Pedro Carneiro; UCL, Andrea Locatelli; University College London
Presented by: Andrea Locatelli, University College London
In Absolute or Relative Terms?
How Framing Prices Affects the Consumer Price Sensitivity of Health Plan Choice
By Hendrik Schmitz; University of Duisburg-Essen, Nicolas Ziebarth; Cornell University
Presented by: Hendrik Schmitz; University of Duisburg-Essen
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Session 125: Political Regimes
Session Chair: Peter Jensen; Time: 15:30 - 17:00
University of Southern Denmark Location: Main Concert Hall (West Road Concert Hall)
Weak States and Steady States: The Dynamics of Fiscal Capacity
By Tim Besley; London School of Economics, Ethan Ilzetzki; London School of Economics,
Torsten Persson; Stockholm University
Presented by: Ethan Ilzetzki; London School of Economics
Economic Growth, Political Institutions, and Leadership Transitions
By Samuel Malone; University of the Andes
Presented by: Samuel Malone; University of the Andes
From Open to Secret Ballot: Vote Buying and Modernization
By Toke Aidt; University of Cambridge, Peter Jensen; University of Southern Denmark
Presented by: Peter Jensen; University of Southern Denmark
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2012 m e e t i n g s
Royal Economic Society Meetings
The ANNUAL GENERAL MEETING of the Society will be held in the West Road
Concert Hall, Cambridge on Monday 26 March 2012 at 3pm.
All Members of the Society are invited to attend and have been provided the
agenda in advance.
Special Private lunches and meetings
CHUDE (Conference of Heads of University Departments of
Economics) Meeting and Lunch:
Monday 26 March 10:30 -13:00
Location: Clare College, Elton Bowring Room
(with lunch Garden Room 1pm)
RES Women’s Committee:
Monday 12:00 - 14:00
Location: Clare College, Glover Room (with lunch)
Meeting of The Economic Journal Editors (15):
Monday 26 March 12:30 - 14:00
Location: Garden Room, Robinson College (with lunch)
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Albrecht, James PC4
Baller, Silja DA5
Barr, Abigail DA1
Barriel, Maria OB1
Bell, David PB2
Blundell, Richard PB5, CC5
TBA DA5
Bover, Olympia DB5
Browning, Martin PB5, PC3
Burgess Robin PA3
Charness, Gary PB4, DB4
Choi, Syngjoo PB4
Crafts, Nicholas PA2, PB1
Crossley, Thomas OB5, PB5, DC3
Dahlberg, Matz PA1
Dale, Spencer CB1
Den Haan, Wouter OA4, CA4, PA4
Dessi, Roberta DB4
Dorsett, Richard OB2, CB2, PB2
Dubois, Pierre PC3
Engemann, Martina DA5
Fernald, John PB1
Galeotti, Andrea DB4
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p l e n a r y p a n e l p a r t i c i p a n t s
Bini Smaghi, Lorenzo PP
Calvo, Guillermo PP
Corsetti, Giancarlo CPP
Helpman, Elhanan K
Pakes, Ariel K
Rogoff, Ken PP
Stokey, Nancy K
s p e c i a l s e s s i o n s p a r t i c i p a n t s
Gallo, Edoardo OB4, PB4
Gerety, Amias PC1
Ghosal, Sayantan PA3
Giacomini, Raffaella PC2
Gomes, Pedro PC4
Goodhart, Charles PC1
Goyal, Sanjeev OB4, CB4
Griffith, Rachel PA2
Helpman, Elhanan CA2
Jain, Sanjay CA3
Jin, Keyu PC5
Kapadia, Sujit OC1
Koopman, Siem Jan PC2
Low, Hamish OB5, CB5
Luhrmann, Melanie OC3, PC3
Machin, Stephen CB3, PB3
Mazzaferro, Francesco PC1
McCabe, Brendan DC2
McConnell, Meg PC1
Mukand, Sharun OA3
Nelson, Ben OC1
Oulton, Nicholas PB1
Payne, Abigail OA1, PA1
Perez, Ander PA4
Postel-Vinay, Fabien OC4, CC4, PC4
Potin, Jacques PA5
Quintini, Glenda PB2
Rasul, Imran OB3, PB3
Rendahl, Pontus PA4
Rothenberg, Alexander PA1
Saporta, Victoria OC1, CC1
Scharf, Kimberly
Schmidt-Eisenlohr,
CA1
Tim OA5, CA5, PA5
Schnitzer, Monika PA5
Smith, Richard J. OC2, CC2
Smith, Sarah DA1
Soares, Rodrigo PB3
Sterk, Vincent PC5
Suarez, Javier PC1
Tucker, Paul PC1
Van Reenen, John OA2, PA2, PB2
Vermeulen, Frederic CC3
Yared, Pierre PA3
Zeitlin, Andrew DA1, PC5
Legend:
C - Chair,
PP - Plenary Panel
K - Keynote
Sessions
Legend:
O - Organiser
C - Chair
P - Presenter
D - Discussant

2012 i n d e x o f p a r t i c i p a n t s
Legend:
C - Chair
P - Presenter
D - Discussant
g e n e r a l s e s s i o n s p a r t i c i p a n t s
Abbritti, Mirko P8
Adao, Bernardino P108
Adewole, Musiliu C119, P119
Afonso, Antonio C60, P60
Aksoy, Yunus C76, P76
Alfano, Marco P70
Allen, Rebecca P46
Amin, Vikesh P38
Amore, Mario P69
Amorosi, Gabriele C57, P57
Amoroso, Sara C90, P90
Andreoli Versbach, Patrick C121, P121
Andrikopoulos, Thanasis P17
Angeles, Luis P62
Aparicio, Gabriela P94
aus dem Moore, Jan P67
Azacis, Helmuts P73
Azemar, Celine C113, P113
Bachmann, Ronald P16
Baeriswyl, Romain P108
Baller, Silja P74
Bambi, Mauro P35
Banerjee, Prasenjit P50
Bao, Te P92
Bar-Isaac, Heski P17
Barnett, Alina P5
Baskaya, Yusuf P15
Bauer, Michael C2, P2
Baumann, Florian C63, P63
Bell, Brian P67
Ben Yahmed, Sarra P68
Ben-Gad, Michael P56
Bertsch, Christoph P79
Bhalotra, Sonia P72
Bhattacharjee, Arnab C33, P33
Bhattacharya, Debopam P87
Bignon, Vincent P121
Binelli, Chiara P83
Bircan, Cagatay P28
Bonomolo, Paolo C4, P4
Bonsang, Eric P13
Borchert, Ingo P73
Bottero, Margherita P62
Braakmann, Nils P87
Bracco, Emanuele C75, P75
Bracke, Philippe C13, P13
Brendon, Charles C79, P79
Brollo, Fernanda P43
Brown, Sarah P11
Bruckner, Markus P62
Brutti, Filippo P6
Bryson, Alex P83
Burgess, Simon P71
Bustamante, Maria P52
Cabane, Charlotte P16
Calvo Pardo, Hector P13
Canidio, Andrea C40, P40
Cappellari, Lorenzo P39
Castelnuovo, Efrem P5, C5
Cervellati, Matteo P97
Chakravarty, Surajeet P63
Chen, Yu-Fu C25, P25
Chen, Xiaoshan P33
Chevalier, Arnaud P18
Chiou, Jing-Yuan P117
Christev, Atanas P32
Christopoulou, Rebekka P22
Chytilova, Julie P68
Clark-Joseph, Adam P27
Clist, Paul P112
Cooper, Zack P90
Corder, Matthew P5
Cornelissen, Thomas C71, P71
Coroneo, Laura P5
Coughlin, Cletus P123
Cozzi, Marco P109
Crawford, Rowena C114, P114
Cuberes, David P37
Dale-Olsen, Harald P82
Damjanovic, Tatiana C102, P102
Danzer, Alexander M. C29, P29
Darby, Julia P28
De Haas, Ralph P29
de la Rupelle, Maelys C109, P109
De Neve, Jan-Emmanuel P48
De Santis, Roberto C34, P34
De Silva, Dakshina C100, P100
Demir, Banu P74
Desbordes, Rodolphe P28
Devereux, Paul J. P120
Di Maggio, Marco P118
Di Maria, Corrado P100
Dmitriev, Alexandre P53
Dolton, Peter P46
Drugov, Mikhail C91, P91
Dwenger, Nadja C15, P15
Eberhardt, Markus P122, C122
Egger, Peter C73, P73
Epifani, Paolo C45, P45
Eriksson, Stefan P104
Ertac, Seda P47
Ewald, Christian-Oliver P81
Fagernas, Sonja C95, P95
Faraglia, Elisa P79
Farkas, Beatrice P106
Farmer, Roger P32
Fawaz, Yarine P99
Fels, Markus P116
Fergusson, Leopoldo P97
Ferri, Francisco P101
Fitzsimmon, Emla P29
Fonseca, Miguel P47
Forgues-Puccio, Gonzalo P112
Forlati, Chiara C105, P105
Foucart, Renaud P64
Fouquau, Julien P2
Foureaux Koppensteiner, Martin P19
Franke, Joerg P41
Fruehwirth, Jane C46, P46
Fugazza, Carolina P16
Gall, Thomas C87, P87
Galsband, Victoria C27, P27
Gancia, Gino P75
Ganguly, Chirantan P10
Garcia, Alfredo P30
Garcia-Moran, Eva P12
Garrett, Thomas C68, P68
Gautier, Erwan C61, P61
Görlitz, Katja P67
Gee, Christopher P42
Gelsomini, Luca P27
Gerasimou, Georgios P116
Gibson, John P95
Giovannetti, Giorgia C123, P123
Giuliodori, Massimo P85
Goenka, Aditya P49
Gortz, Christoph P31
Gray, Elie P86
Gröschl, Jasmin P123
Grieco, Daniela P24
Grigolon, Laura P77, C77
Grobéty, Mathieu C52, P52
Gu, Weishi C104, P104
Gueron, Yves P115
Guertler, Oliver P10
Gumpert, Anna P94
Gumus, Inci C53, P53
Hansen, Casper P37
Harkness, Susan C96, P96
Hashimzade, Nigar P113
Havnes, Tarjei P119
Heller, Yuval C116, P116
Hernandez, Ruben P105
Hetschko, Clemens P99
Heufer, Jan P11
Hiller, Sanne P73
82

Himmels, Christoph P54
Hirano, Tomohiro P102
Ho, Christine P36
Hogrefe, Jan P21
Hohenleitner, Ingrid P110
Holm, Hakan P24
Holt, Richard P39
Holter, Hans P81
Huang, Yi P52
Hueschelrath, Kai P44
Hussain, Iftikhar P46
Iania, Leonardo P76
Ikeda, Daisuke P78
Ilzetzki, Ethan P125
Impullitti, Giammario C21, P21
Ioannou, Christos P24
Isoni, Andrea C47, P47
Jahn, Elke J. P83
Jaimovich, Esteban P45
Jain, Tarun C19, P19
James, Jonathan C18, P18
Jaunky, Vishal P50
Jensen, Peter C125, P125
Jia, Ruixue P3
Jiang, Wei P36
Julliard, Christian P76
Jurgilas, Marius P55
Juvenal, Luciana P61
Kang, Youngho P20
Kaplan, Todd P93
Karadimitropoulou, Aikaterini P53
Karlsson, Martin C72, P72
Kashcheeva, Mila C86, P86
Kero, Afroditi P76
Khachatryan, Karen P47
Kim, Bonggeun P94
Kirsanova, Tatiana P54
Klein, Tobias P89
Kocharkov, Georgi C12, P12
Kolesnikova, Natalia C14, P14
Kolsrud, Jonas P57
Konte, Maty P60
Kottelenberg, Michael P119
Kourtellos, Andros C111, P111
Koutmeridis, Theodore C39, P39
Kovbasyuk, Sergei P65
Kriwoluzky, Alexander C56, P56
Kuehn, Zoe P14
Kuenn, Steffen C16, P16
Kundu, Tapas P3
Kwiatkowski, Andrzej C115, P115
Kyriakopoulou, Efthymia P25
83
i n d e x o f p a r t i c i p a n t s 2012
g e n e r a l s e s s i o n s p a r t i c i p a n t s
Lambert, Thomass P88
Lambrecht, Bart P69
Lambrias, Kyriacos C80, P80
Lansing, Kevin P51
Latzer, Hélène P45
Laudicella, Mauro P124
Lavergne, Pascal P77
Lønstrup, Lars C38, P38
Lechene, Valérie C70, P70
Lee, Jinhyun C1, P1
Leite Lopez de Leon, Fernanda P75
Levine, Paul C101, P101
Li, Yan P90
Li, Nan P86
Li, Nan C103, P103
Li, Lingfang (Ivy) P91
Li, Zhe P25
Liao, Pei-Ju C11, P11
Linares-Zegarra, Jose P66
Litina, Anastasia P111
Liu, Li P113
Ljunge, Martin C43, P43
Locatelli, Andrea P124
Long, Jason P109
Lopez, Jimmy P90
Loss, Frédéric P40
Lychagin, Sergey P20
Magdalinos, Tassos P26
Mahmoudi, Babak C54, P54
Maican, Florin C89, P89
Malde, Bansi C22, P22
Malone, Samuel P125
Mantovan, Noemi P43
Marcassa, Stefania P114
Marie, Olivier P121
Martin, Julien P45
Mason, Tom P124
Matano, Alessia P20
Mateut, Simona P98
Matros, Alexander C36, P36
Mavromatis, Konstantinos P103
Mayneris, Florian P89
Mayr, Karin P107
McGowan, Danny P114
McGuirk, Eoin C112, P112
McLaren, John P104
McNally, Sandra P120
Mehl, Arnaud P80
Meisenzahl, Ralf P102
Mennuni, Alessandro C85, P85
Menon, Nidhiya P1
Merola, Rossana P31
Mesonnier, Jean-Stéphane P30
Michalski, Tomasz P98
Michelangeli, Valentina P57
Mihailov, Alexander C37, P37
Millard, Stephen P78
Miller, Marcus P34
Miniaci, Raffaele P13
Mion, Giordano C44, P44
Mitra, Kaushik P4, C32
Mitze, Timo P60
Moffatt, Keith P11
Mohrenweiser, Jens P104
Montizaan, Raymond P82
Moradi, Alexander P122
Moutot, Philippe P32
Mulalic, Ismir P66
Muller, Christophe P97
Musso, Alberto P85
Muthoo, Abhinay C8, P8
Mylonidis, Nikolaos C59, P59
Naghavi, Alireza C41, P41
Nakagawa, Ryuichi P32
Nakamura, Ryota P96
Narciso, Gaia P3
Naticchioni, Paolo P39
Nøstbakken, Linda C50, P50
Neanidis, Kyriakos C35, P35
Neary, Philip P40
Neary, Peter P44
Nellas, Viki P42
Nigai, Sergey C74, P74
Nilsson, Anton P72
Nucci, Francesco P58
Nuesch, Stephan P96
Nutahara, Kengo P8
O’Connell, Martin P42
Olofsdotter, Karin P84
Onder, Ali P82
Opromolla, Luca David C118, P118
Ordóñez, Javier P103
Oreffice, Sonia P12
Ornaghi, Carmine P118
Osotimehin, Sophie P111
Otsu, Keisuke P4
Otten, Sebastian P123
Pakel, Cavit P77
Papadopoulos, Georgios P95
Parakhonyak, Alexei P17
Parente, Paulo P26
Pasini, Giacomo C30
Patnam, Manasa P41
Paustian, Matthias P33

2012 i n d e x o f p a r t i c i p a n t s
g e n e r a l s e s s i o n s p a r t i c i p a n t s
Pavesi, Filippo P40
Pelloni, Alessandra C7, P7
Petrescu, Ioana C3, P3
Petropoulou, Dimitra P74
Pezzino, Mario P22
Pfeifer, Johannes C58, P58
Phillips, David P114
Piopiunik, Marc C120, P120
Plotnikov, Dmitry P56
Poeschel, Friedrich P82, C82
Polisson, Matthew P89
Ponthiere, Gregory P68
Popov, Alexander C28, P28
Possajennikov, Alex C24, P24
Powell, Andrew P59
Prakash, Nishith P29
Pytlikova, Mariola P118
Qari, Salmai C48, P48
Quigley, Daniel P65
Quint, Dominic P31, C31
Ragan, Kelly P38
Reggiani, Tommaso P71
Rehme, Günther P7
Reis, Ricardo P101
Rendall, Michelle P81, C81
Rhodes, Andrew C17, P17
Richter, Wolfram P36
Ritz, Robert P59
Rodionova, Yulia C117, P117
Romero-Ávila, Diego P7
Rosazza Bondibene,
Chiara C110, P110
Rousakis, Michael P4
Rozsypal, Filip C78, P78
Ruengsrichaiya, Kaipichit P115
Sa, Filipa P105
Sabarwal, Tarun C10, P10
Sacheti, Abhinav P9
Sachs, Angelika P55
Sampson, Thomas P44
Sanchis-Guarner, Rosa C67, P67
Sangnier, Marc C62, P62
Santacreu-Vasut, Estefania P37
Santos, Cezar P12
Santos-Pinto, Luis C69, P69
Satchi, Mathan P84
Savignac, Frédérique P57
Scanlon, Paul C107, P107
Schaeck, Klaus P69
Schelkle, Thomas P105
Scherrer, Cristina Mabel P27
Schertler, Andrea C9, P9
Schindele, Ibolya P9
Schiopu, Ioana P119
Schmitz, Hendrik C124, P124
Scholl, Almuth P34
Schweinzer, Paul C66, P66
Sebald, Alexander P116
Sen, Monalisa P60
Sette, Enrico P59
Sharma, Amarendra P70
Shaw, Philip P111
Shaw, Jonathan P14
Shibayama, Katsuyuki P100
Siegel, Christian P81
Silva, Andre C108, P108
Singh, Ashish C23, P23
Sinha, Arunima P51
Sloczynski, Tymon P1
Sokullu, Senay P58
Sola, Sergio C51, P51
Sosa Padilla, Cesar P34
Srisuma, Sorawoot P77
Stefanski, Radoslaw C84, P84
Steinhardt, Max P48
Stephan, Gesine P15
Stevens, Arnoud P58
Stimmelmayr, Michael P113
Stowasser, Till P75
Straathof, Bas P117
Strulik, Holger P7
Studer, Raphael P99
Sun, Jianfei C55, P55
Sunakawa, Takeki P108
Suominen, Matti P2
Sy, Mouhamadou C98, P98
Tabasso, Nicole P35
Tan, Chih Ming C26, P26
Tan, Fangfang P92
Tasso, Martino P18
Tatsiramos, Konstantinos P110
Telalagic, Selma P49
Terstiege, Stefan P93
Thomas, Ranjeeta P23
Tintelnot, Felix C64, P64
To, Ted C94, P94
Toxvaerd, Flavio P49
Trapeznikova, Ija P107
Trevisan, Elisabetta P14
Trimborn, Timo P101
Troya-Martinez, Marta P122
Tsoukas, Serafeim P52
Tur-Prats, Ana P22
Tzang, F.L. Philip C93, P93
Uras, Burak P106
Usai, Stefano C20, P20
Uysal, Pinar P2
Valente, Christine P70
Van Landeghem, Bert P48
Vancauteren, Mark P117
Vanden Eynde, Oliver C97, P97
Vardardottir, Arna P19
Vasilakis, Chrysovalantis C49, P49
Veiga, Andre C65, P65
Vella, Eugenia P25
Venturini, Francesco P21
Vera-Hernandez, Marcos P23
Verani, Stephane P98
Vermeylen, Koen P50
Vestad, Ola P15
Vikander, Nick P91
Vinella, Annalisa P115
Vollmer, Uwe P88
von Simson, Kristine P110
Waddell, Glen P1
Waknis, Parag P54
Wales, Philip P18
Wallace, Christopher P63
Walther, Ansgar C42, P42
Watson, Anna P103
Weiss, Christoph C83, P83
Wenzel, Tobias C88, P88
Westermaier, Franz P72
Whittaker, William C99, P99
Willems, Tim P8
Winter-Ebmer, Rudolf P38
Wu, Guiying Laura C106, P106
Xing, Jing P84
Xu, TengTeng P31
Yates, Tony P26
Ye, Maoliang C92, P92
Yin, Nina P9
Yin, Weiwei P80
Yoo, Dongwoo P106
Younas, Javed P112
Zaklan, Aleksandar P61
Zanchettin, Piercarlo P35
Zanetti, Francesco P107, P102
Zaouras, Michalis P64
Zapechelnyuk, Andriy P93
Zeitlin, Andrew P122
Zhang, Xin C6, P6
Zhang, Lei P88
Zheng, Huanhuan P6
Zymek, Robert P85