Paolo Pesenti's CV
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The Econometric Society European Region Aide Mémoire
The Econometric Society European Region Aide M´emoire March 22, 2021 1 European Standing Committee 2 1.1 Responsibilities . .2 1.2 Membership . .2 1.3 Procedures . .4 2 Econometric Society European Meeting (ESEM) 5 2.1 Timing and Format . .5 2.2 Invited Sessions . .6 2.3 Contributed Sessions . .7 2.4 Other Events . .8 3 European Winter Meeting (EWMES) 9 3.1 Scope of the Meeting . .9 3.2 Timing and Format . 10 3.3 Selection Process . 10 4 Appendices 11 4.1 Appendix A: Members of the Standing Committee . 11 4.2 Appendix B: Winter Meetings (since 2014) and Regional Consultants (2009-2013) . 27 4.3 Appendix C: ESEM Locations . 37 4.4 Appendix D: Programme Chairs ESEM & EEA . 38 4.5 Appendix E: Invited Speakers ESEM . 39 4.6 Appendix F: Winners of the ESEM Awards . 43 4.7 Appendix G: Countries in the Region Europe and Other Areas ........... 44 This Aide M´emoire contains a detailed description of the organisation and procedures of the Econometric Society within the European Region. It complements the Rules and Procedures of the Econometric Society. It is maintained and regularly updated by the Secretary of the European Standing Committee in accordance with the policies and decisions of the Committee. The Econometric Society { European Region { Aide Memoire´ 1 European Standing Committee 1.1 Responsibilities 1. The European Standing Committee is responsible for the organisation of the activities of the Econometric Society within the Region Europe and Other Areas.1 It should undertake the consideration of any activities in the Region that promote interaction among those interested in the objectives of the Society, as they are stated in its Constitution. -
University of Surrey Discussion Papers in Economics By
råáp=== = = ======råáîÉêëáíó=çÑ=pìêêÉó Discussion Papers in Economics THE DISSENT VOTING BEHAVIOUR OF BANK OF ENGLAND MPC MEMBERS By Christopher Spencer (University of Surrey) DP 03/06 Department of Economics University of Surrey Guildford Surrey GU2 7XH, UK Telephone +44 (0)1483 689380 Facsimile +44 (0)1483 689548 Web www.econ.surrey.ac.uk ISSN: 1749-5075 The Dissent Voting Behaviour of Bank of England MPC Members∗ Christopher Spencer† Department of Economics, University of Surrey Abstract I examine the propensity of Bank of England Monetary Policy Committee (BoEMPC) members to cast dissenting votes. In particular, I compare the type and frequency of dissenting votes cast by so- called insiders (members of the committee chosen from within the ranks of bank staff)andoutsiders (committee members chosen from outside the ranks of bank staff). Significant differences in the dissent voting behaviour associated with these groups is evidenced. Outsiders are significantly more likely to dissent than insiders; however, whereas outsiders tend to dissent on the side of monetary ease, insiders do so on the side of monetary tightness. I also seek to rationalise why such differences might arise, and in particular, why BoEMPC members might be incentivised to dissent. Amongst other factors, the impact of career backgrounds on dissent voting is examined. Estimates from logit analysis suggest that the effect of career backgrounds is negligible. Keywords: Monetary Policy Committee, insiders, outsiders, dissent voting, career backgrounds, ap- pointment procedures. Contents 1 Introduction 2 2 Relationship to the Literature 2 3 Rationalising Dissent Amongst Insiders and Outsiders - Some Priors 3 3.1CareerIncentives........................................... 4 3.2CareerBackgrounds........................................ -
The Role of the State in Economic Development
THE ROLE OF THE STATE IN ECONOMIC DEVELOPMENT GUIDO TABELLINI CESIFO WORKING PAPER NO. 1256 CATEGORY 5: FISCAL POLICY, MACROECONOMICS AND GROWTH AUGUST 2004 An electronic version of the paper may be downloaded • from the SSRN website: www.SSRN.com • from the CESifo website: www.CESifo.de CESifo Working Paper No. 1256 THE ROLE OF THE STATE IN ECONOMIC DEVELOPMENT Abstract This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations, asking whether political liberalizations strengthen government incentives to enact sound economic policies. The answer is mixed. Most episodes of economic liberalizations are indeed preceded by political liberalizations. But the countries that have done better are those that have managed to open up the economy first, and only later have liberalized their political system. JEL Code: O1, O11. Keywords: political liberalization, democracy, economic development. Guido Tabellini IGIER Bocconi University 5, Via Salasco 20136 Milan Italy [email protected] I am grateful to Francesco Giavazzi for several helpful discussions, to Andrew Feltenstein and participants in the IMF conference on the Middle East and Northern Africa (MENA) region on April 7,8, 2004, Washington DC, for helpful comments, to Torsten Persson for sharing with me his data set on democractic institutions and economic development (Persson (2004)), to Gaia Narciso for excellent research assistance, and to Bocconi University and the Canadian Institute for Advanced Research for financial support. -
Monetary Economics and the Political Economy of Central Banking
Monetary Economics and the Political Economy of Central Banking: * ** Inflation Targeting and Central Bank Independence Revisited 27-01-2008 Willem H. Buiter Professor of European Political Economy, European Institute. London School of Economics and Political Science * © Willem H. Buiter, 2006, 2007 ** Paper presented at the Session: ‘Changing Doctrinal Perspectives in Central Banking’ at the Central Bank of Argentina 2007 Money and Banking Conference “Monetary Policy Under Uncertainty”, June 4-5 2007, Buenos Aires, Argentina. An earlier version of this paper provided the background to a lecture given at the XI Meeting of the Research Network of Central Banks of the Americas, Buenos Aires, 22 - 24 November 2006. I would like to thank Charlie Bean, Tim Besley, Mario Blejer, Guillermo Calvo, Howard Davies, Katherine Hennings, Christopher Kent, Manuel Ramos Francia, Katerina Smidkova, Klaus Schmidt-Hebbel for comments on earlier versions of this paper. 1 Introduction There is a widespread consensus among practicing and practical central bankers as well as among theoretical and applied monetary economists, that the canonical global best practice central bank is operationally independent 1 and targets inflation 2. Historically, whenever a near-universal consensus takes hold of the economics profession, it tends to be at least half wrong. A concern that this may be happening in the areas of inflation targeting and central bank independence prompted the choice of subject for this lecture. I. Inflation targeting Inflation targeting – the pursuit of a low and stable rate of inflation over the medium-to-long term for some broadly based index of consumer prices or cost-of-living index - is best rationalised as the operational expression of the pursuit of the more fundamental objective of price stability. -
Francesco Trebbi Curriculum Vitae
Francesco Trebbi CV FRANCESCO TREBBI CURRICULUM VITAE Updated: April 2020 Contact Information Address: Vancouver School of Economics University of British Columbia 6000 Iona Drive Vancouver, BC, V6T 1L4 Canada Phone: 604.822.9932 Web: http://faculty/arts.ubc.ca/ftrebbi Email: [email protected] Education Harvard University, Ph.D. in Economics, Jun. 2006 Harvard University, M. A. in Economics, Jun. 2003 Bocconi University, Laurea in Economia Politica, cum laude, Dec. 1999 Professional Experience University of British Columbia, Vancouver School of Economics Professor of Economics, Jul. 2014-present Associate Professor of Economics, Jul. 2011-Jun. 2014 Assistant Professor of Economics, Jul. 2010-Jun. 2011 Stanford University, Department of Economics Visiting Professor of Economics, Aug. 2017-Jul. 2018 University of Chicago, Booth School of Business Assistant Professor of Economics, Jul. 2006-Jun. 2010 1 Francesco Trebbi CV Other Visiting Positions Georgetown University, DCPEC Distinguished Visitor, Oct. 2019 Stanford GSB and Hoover Institution, Visiting Scholar, Aug. 2017-Jul. 2018 New York Fed, Visiting Scholar, Dec. 2017 Bocconi University, IGIER Visiting Scholar, May-Jun. 2014; May-Jun. 2015 Editorial Experience American Economic Review, Board of Editors, 2018-present Journal of Political Economy, Associate Editor, 2018-present Journal of Public Economics, Co-Editor, 2012-2016 Canadian Journal of Economics, Editorial Advisor, 2013-2016 Other Professional Activities • Professional committee work Steering Committee of the NBER Political -
Center on Capitalism and Society At
CENTER ON CAPITALISM AND SOCIETY AT CCS Conference on the Financial Crisis Friday, February 20, 2009 Italian Academy, Columbia University 1161 Amsterdam Avenue (between 116th and 118th Streets) Program 9:00 am: Introductory Remarks Prof. Edmund S. Phelps, Director, Center on Capitalism and Society, and McVickar Professor of Political Economy, Columbia University. Winner of 2006 Nobel Prize in Economics. 9:10am – 10:40am: Panel 1: Reforming the Financial Sector Chair: To be announced Prof. Edmund S. Phelps, Director, Center on Capitalism and Society, and McVickar Professor of Political Economy, Columbia University. Winner of 2006 Nobel Prize in Economics. [confirmed] Prof. Amar Bhidé, Glaubinger Professor of Business, Graduate School of Business, Columbia University. Co-editor, Capitalism and Society. [confirmed] Dr. Richard Robb, CEO of Christofferson, Robb and Company. Associate Professor of Professional Practice in International Finance, School of International and Public Affairs at Columbia University. [confirmed] Mr. Leo Tilman, President of L.M. Tilman & Co. Author of Financial Darwinism: Create Value or Self-Destruct in a World of Risk. [confirmed] Mr. John Kay, Member, Council of Economic Advisers, Scottish Government. Author of The Truth about Markets and contributor, Financial Times. [confirmed] Prof. Jose A. Scheinkman, Theodore A. Wells Professor of Economics, Princeton University 10:40 – 10:55am: Coffee 10:55am – 12:25pm: Panel 2: Regulating the new Financial Sector Chair: To be announced Mrs. Christine Lagarde, Minister of Economics, Industry and Employment, France. [confirmed] Dr. Malcolm Knight, Vice-Chairman, Deutsche Bank. Former General Manager, BIS. [confirmed] Prof. Joseph Stiglitz, University Professor, Columbia University. Chair, Committee on Global Thought, Columbia University. Executive Director, Initiative for Policy Dialogue, Columbia University. -
Transforming Uncertainty Into Opportunity
Citi Private Bank cordially invites you to: Transforming Uncertainty into Opportunity Print Next > Close Foreword It is my pleasure to cordially invite you to Citi Private Bank’s Global Outlook 2013: Transforming Uncertainty into Opportunity. At this annual Outlook roadshow that runs across the Europe, Middle East and Africa region, you will hear from Citi’s top analysts and strategists on various topical issues — views on investment opportunities and challenges awaiting investors; perspectives on global and regional geopolitical and economic developments; markets insight by asset class and geography; and informed opinions about managing one’s wealth in 2013. We look forward to your participation at the event, and for the opportunity of more thoughtful and productive discussions with our bankers and investment specialists on your wealth management plans. Luigi Pigorini Chief Executive Officer Citi Private Bank, Europe, Middle East and Africa Print < Back Next > Close Date & Time Thursday 17 January 2013 15.30 — 18.15 Location Ballroom The Berkeley Wilton Place The Berkeley Knightsbridge London SW1X 7RL Dress code Business-casual RSVP (by 8/1/13) Please email [email protected] or contact your Private Banker. Please let us know if you have any special dietary requirements Print < Back Next > Close Agenda 15.30 Welcome Refreshments 16.00 Welcome Address 16.05 2012 Retrospective and 2013 Outlook Willem Buiter, Chief Economist, Citi 16.30 2012 Political Review and 2013 Political Outlook Tina Fordham, Senior Political Analyst, Citi 17.00 -
Is Europe an Optimal Political Area?
ALBERTO ALESINA Harvard University GUIDO TABELLINI Bocconi University FRANCESCO TREBBI University of British Columbia Is Europe an Optimal Political Area? ABSTRACT Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the European Union and how this changed between 1980 and 2009. We present several novel empir- ical regularities that paint a complex picture. Although Europe has experienced both systematic economic convergence and an increased coordination across national and subnational business cycles since 1980, this has not been accom- panied by cultural or institutional convergence. Such persistent heterogeneity does not necessarily spell doom for further political integration, however. Com- pared with observed heterogeneity within EU member states themselves, or in well-functioning federations such as the United States, cultural diversity across EU members is of a similar order of magnitude. The main stumbling block on the road to further political integration may not be heterogeneity in fundamental cultural traits, but other cleavages, such as national identities. he European Union is facing hard challenges. Throughout the EU, Tmany citizens have become less trusting of EU institutions and less tol- erant of supranational interference with domestic policies. As a result, the process of European integration is struggling—and, for the first time, has even reversed direction with Brexit. Populist parties, which blame the EU Conflict of Interest Disclosure: Guido Tabellini and Francesco Trebbi received financial support for this research from the Canadian Institute for Advanced Research. Alberto Alesina and Tabellini are also affiliated with the Innocenzo Gasparini Institute for Economic Research at Bocconi University. -
Inflation Report
Inflation Report November 1998 The Inflation Report is produced quarterly by Bank staff under the guidance of the members of the Monetary Policy Committee. It serves a dual purpose. First, its preparation provides a comprehensive and forward-looking framework for discussion among MPC members as an aid to our decision making. Second, its publication allows us to share our thinking and explain the reasons for our decisions to those whom they affect. Although not every member will agree with every assumption on which our projections are based, the fan charts represent the MPC’s best collective judgment about the most likely path for inflation and output, and the uncertainties surrounding those central projections. This Report has been prepared and published by the Bank of England in accordance with section 18 of the Bank of England Act 1998. The Monetary Policy Committee: Eddie George, Governor Mervyn King, Deputy Governor responsible for monetary policy David Clementi, Deputy Governor responsible for financial stability Alan Budd Willem Buiter Charles Goodhart DeAnne Julius Ian Plenderleith John Vickers The Overview of this Inflation Report is available on the Bank’s web site: www.bankofengland.co.uk/infrep.htm. The entire Report is available in PDF format on www.bankofengland.co.uk/ir.htm. Printed by Park Communications Ltd © Bank of England 1998 ISBN 1 85730 181 1 ISSN 1353–6737 Overview The Monetary Policy Committee sets interest rates to maintain a path for inflation looking ahead that is consistent with the 2.5% target for inflation on the RPIX measure. This requires the Committee to act in response to prospective deviations—downwards or upwards—from the inflation target in a symmetrical fashion. -
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[Presentation Title/Subject]
May 26, 2017 Global Economic Outlook Willem BuiterAC Global Chief Economist [email protected] +1 212-816-2363 See Appendix A-1 for Analyst Certification, Important Disclosures and non-US research analyst disclosures Citi Research is a division of Citigroup Global Markets Inc. (the "Firm"), which does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report.. Investors should consider this report as only a single factor in making their investment decision. Certain products (not inconsistent with the author's published research) are available only on Citi's portals. This presentation was approved for distribution on 21 May 2017; the disclosures in Appendix A1 are current as of the same date. Global growth looks relatively stable with some signs of a pick up We see a cyclical pickup in GDP growth across AEs and EMs with industrial production and trade growth leading the way Global— Real GDP Growth (%YY) Global—Composite, Mfg and Services PMI % YoY Diffusion index (50+= Expansion) 6 56 Global Forecasts Global 5 AE 55 Manufacturing EM Services 54 4 53 3 52 2 51 50 1 49 0 48 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Note: Aggregates at market exchange rates. Global and EM aggregates exclude Sources: Markit and Citi Research. Venezuela. Source: National Statistical Offices, IMF and Citi Research US and China – Industrial Production AE and EM – Goods Exports and Imports %3M/3M saar 20 3m3m saar 30 18 US AE Exports AE Imports 16 25 14 China 20 EM Exports EM Imports 12 15 10 8 10 6 5 4 0 2 0 -5 -2 -10 -4 -15 -6 Mar-17 Feb-17 -8 -20 2010 2011 2012 2013 2014 2015 2016 2017 2014 2015 2016 2017 Sources: FRB, NBS and Citi Research. -
Bureaucrats Or Politicians?
NBER WORKING PAPER SERIES BUREAUCRATS OR POLITICIANS? Alberto Alesina Guido Tabellini Working Paper 10241 http://www.nber.org/papers/w10241 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2004 For useful comments we thank Philippe Aghion, Timothy Besley, Alessandro Lizzeri, Oliver Hart, Tom Romer, Andrei Shleifer, Charles Wyplosz and participants in seminars at Harvard, Princeton, Geneva, the CIAR meeting in Toronto, March 2003, and the Wallis Conference in Rochester in October 2003. This project was initiated while Alesina was visiting IGIER at Bocconi University; he is very grateful for the hospitality. Tabellini thanks CIAR for financial support. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. ©2004 by Alberto Alesina and Guido Tabellini. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Bureaucrats or Politicians? Alberto Alesina and Guido Tebellini NBER Working Paper No. 10241 January 2004 JEL No. H0, H1 ABSTRACT Policies are typically chosen by politicians and bureaucrats. This paper investigates the e fficiency criteria for allocating policy tasks to elected policymakers (politicians) or non elected bureaucrats. Politicians are more efficient for tasks that do not involve too much specific technical ability relative to effort; there is uncertainty about ex post preferences of the public and flexibility is valuable; time inconsistency is not an issue; small but powerful vested interests do not have large stakes in the policy outcome; effective decisions over policies require taking into account policy complementarities and compensating the losers. -
Tilburg University Gorby Games Güth, W.; Van Damme, E.E.C
Tilburg University Gorby games Güth, W.; van Damme, E.E.C. Publication date: 1991 Link to publication in Tilburg University Research Portal Citation for published version (APA): Güth, W., & van Damme, E. E. C. (1991). Gorby games: A game theoretic analysis of disarmament campaigns and the defense efficiency-hypothesis. (Reprint series / CentER for Economic Research; Vol. 62). Unknown Publisher. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 29. sep. 2021 ~~~~ cBM R for ~mic Research 8823 IIIIIIIIIIIullllIIIIIIIIINIIIIIIIIIIIIIIIIIIII 1991 62 Gorby Games - A Game Theoretic Analysis of Disarmament Campaigns and the Defense Efficiency - Hypothesis - by Werner Guth and Eric van Damme Reprinted from R. Avenhaus, H. Karkar and M. Rudnianski (eds.), Defense Decision Making - Analytical Support