I am presenting my research with Paul Beaudry at Einaudi Institute For Economics and Finance, Rome, on October 28th. My presentation will be based on the paper “News Driven Business Cycles: Insights and Challenges”.
Month: October 2013
Call for paper, 5th Joint French Macro Workshop – December 6, 2013, Paris
Florin Bilbiie (PSE) and myself are orgazing the 5th Joint French Macro Workshop. The workshop was be held at the Banque de France (espace conférence), 20 rue du Colonel Driant, 75001 Paris.
Applications from economists from all European institutions are welcomed in all fields of macroeconomics. Theoretical and empirical contributions are equally welcome.
Key-note speaker
Morten Ravn (University College London).
Submission of papers
Potential presenters should submit their paper in electronic form (PDF format) to jointmacro@gmail.com by 25 October 2013. The authors of accepted papers will be notified by 6 November 2013.
A conference dinner is scheduled in the evening of 5 December. Travel and accommodation expenses will be covered.
The workshop is jointly organized by CREST/Polytechnique, the Paris School of Economics, SciencesPo and the Toulouse School of Economics; with the financial and logistic support of the Fondation Banque de France pour la recherche en économie.
New paper : News Driven Business Cycles: Insights and Challenges
I posted on my “current work” page a new paper with Paul Beaudry “News Driven Business Cycles: Insights and Challenges“. As written in the abstract,
There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents’ information, due to the arrival of news, can cause business cycle fluctuations driven by expectational change, and we review the empirical evidence aimed at evaluating its relevance. In particular, we highlight how the literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we emphasize the many challenges that must be addressed before a proper assessment of its role in business cycles can be established.
Key Words are “News”, “Business Cycles”, “Expectations”, “Pigou”, “Keynes”, “Recessions”.
JEL Classification code is E3.
The first SAFE Exploratory Workshop on Transparency: Information generation, disclosure, and their effects on the economy – Frankfurt, Germany, October 4-5, 2103
I am attending the first SAFE Exploratory Workshop on Transparency. I am presenting some pieces of my paper Paul Beaudry”News Driven Business Cycles: Insights and Challenges”.
The conference program is below:
4th October
9.30 am: Welcome coffee and registration
10.00 am: Ruben Enikolopov (Pompeu Fabra, New Economic School Moscow), Maria Petrova, and Konstantin Sonin, “Do political blogs matter? Corruption in state-controlled companies, blog postings, and DDoS attacks”, Discussant: Devesh Rustagi (Goethe University)
11.15 am Abbie Smith (University of Chicago Booth School of Business), Robert Davidson and Aiyesha Dey, “Executives’ and Legal Records, Lavish Lifestyles and Insider Trading Activities”, Discussant: Christine Zulehner (University Vienna and Goethe University)
1.45 pm Franck Portier (Toulouse School of Economics), Paul Beaudry, “News Driven Business Cycles: Insights and Challenges”, Discussant: Laura Moretti (Goethe University)
3.00 pm Brainstorming session animated by Christian Leuz (University of Chicago Booth School of Economics), “Economic consequences and real-effects of transparency regulation”
4.30 pm Richard Holden (University of New South Wales) and Roland Fryer, “Multitasking, Learning and Incentives: A Cautionary Tale”, Discussant: Alex White (Tsinghua University)
5th October
9.00 am Fanny Camara (Toulouse School of Economics), “Competition, Information Acquisition and Disclosure: Evidence from the Pharmaceutical Industry”, Discussant: Sascha Baghestanian (Goethe University)
10.15 am Christian Laux (WU Wien), Gyöngyi Loranth and Alan Morrison, “Internal Auditing and Capital Structure”, Discussant: Guido Friebel (Goethe University)
11.30 am Thomas Mosk (Goethe University Frankfurt), “Delegation of Authority and Information Manipulation: Evidence from Bank Lending Decisions”, Discussant: Nick Zubanov (Goethe University)
1.30 pm Florian Ederer (Yale School of Management), Richard Holden and Margaret Meyer, “Gaming and Strategic Ambiguity in Incentive Provision”, Discussant: Ferdinand von Siemens (Goethe University)
2.45 pm Eugene Soltes (Harvard Business School), “Who Consumes Public Disclosure? Evidence from Conference Call Engagement”, Discussant: Martin Götz (Goethe University)
~ 