系列讲座
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2020/05/12
Rational Bubbles and Middlemen
Economics Seminar (2020-05)Topic: Rational Bubbles and MiddlemenSpeaker: Makoto Watanabe,Vrije Universit AmsterdamTime: May 12th, Tuesday. 14:30p.m. - 16:00p.m.Location: Microsoft Teams Online Conference RoomAbstract:This paper develops a nite-period model of rational bubbles where trade of an asset takes place through a chain of middlemen. We show that there exists a unique equilibrium, and a...
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2020/04/24
Toxic Assets and Market Freezes
Economics Seminar (2020-04)Topic: Toxic Assets and Market FreezesSpeaker: Randall Wright, University of Wisconsin- MadisonTime: April 24, Friday. 09:00a.m. - 10:30a.m.Location: Microsoft Teams Online Conference RoomAbstract:We study economies where some assets are toxic -i.e., they have negative returns - but still have positive prices because they provide liquidity as payment instruments or as...
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2020/03/27
Lending Relationships and Optimal Monetary Policy (Joint with Russell Wong an...
Economics Seminar (2020-02)Topic: Lending Relationships and Optimal Monetary Policy (Joint with Russell Wong and Cathy Zhang)Speaker: Guillaume Rocheteau, University of California, IrvineTime: March 27, Friday. 09:00a.m. - 11:00a.m. Location: Microsoft Teams Online Conference RoomAbstract:We construct and calibrate a monetary model of corporatefinance with endogenous formation of lending relat...
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2020/03/13
“Golden Ages”: A Tale of Two Labor Markets
Economics Seminar (2020-01)Topic: “Golden Ages”: A Tale of Two Labor MarketsSpeaker: Hanming Fang, University of PennsylvaniaTime: Friday, March 13th, 08:30-10:00a.m. Location: Microsoft Teams Online Conference RoomAbstract:We document stark differences in the labor market outcomes between the U.S. and China, the largest two economies in the world, during the past 30 years. (1) The peak age ...
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2019/12/03
Robust Binary Voting
Economics Seminar(2019-20)Topic: Robust Binary VotingSpeaker: Qinggong Wu, Hong Kong University of Science and TechnologyTime: Tuesday,Dec.3, 13:30-15:00 Location: Room 217, Guanghua Building 2 Abstract:In this paper, we study a new robustness concept in mechanism design with interdependent values: interim dominant strategy incentive compatibility (IDSIC). It requires each agent to have an in...