Technological Change
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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. -
Seminar Paper No. 704 the SURVIVAL of the WELFARE
Seminar Paper No. 704 THE SURVIVAL OF THE WELFARE STATE by John Hassler, José Vicente Rodríguez Mora, Kjetil Storesletten, and Fabrizio Zilibotti INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES Stockholm University Seminar Paper No. 704 THE SURVIVAL OF THE WELFARE STATE by John Hassler, José Vicente Rodríguez Mora, Kjetil Storesletten, and Fabrizio Zilibotti Papers in the seminar series are also published on internet in Adobe Acrobat (PDF) format. Download from http://www.iies.su.se/ Seminar Papers are preliminary material circulated to stimulate discussion and critical comment. December 2001 Institute for International Economic Studies S-106 91 Stockholm Sweden Wkh Vxuylydo ri wkh Zhoiduh VwdwhÆ Mrkq Kdvvohu/_Mrvì Ylfhqwh Urguðjxh} Prud/h Nmhwlo Vwruhvohwwhq//= dqg Ideul}lr ]lolerwwl/g Ghfhpehu 5334 Devwudfw Wklv sdshu surylghv dq dqdo|wlfdo fkdudfwhul}dwlrq ri Pdunry shuihfw htxloleuld lq d srolwlfr0hfrqrplf prgho zlwk uhshdwhg yrwlqj/ zkhuh djhqwv yrwh ryhu glvwruwlrqdu| lqfrph uhglvwulexwlrq1 Wkh nh| ihdwxuh ri wkh wkhru| lv wkdw wkh ixwxuh frqvwlwxhqf| ri uhglvwulexwlyh srolflhv ghshqgv srvlwlyho| rq wkh fxuuhqw ohyho ri uhglvwulexwlrq/ vlqfh wklv dhfwv erwk sulydwh lqyhvwphqwv dqg wkh ixwxuh glvwulexwlrq ri yrwhuv1 Djhqwv yrwh udwlrqdoo| dqg ixoo| dqwlflsdwh wkh hhfwv ri wkhlu srolwlfdo fkrlfh rq erwk sulydwh lqfhqwlyhv dqg ixwxuh yrwlqj rxwfrphv1 Wkh prgho ihdwxuhv pxowlsoh htxloleuld1 Lq sur0 zhoiduh htxloleuld/ erwk zhoiduh vwdwh srolflhv dqg wkhlu hhfwv rq glvwulexwlrq shuvlvw iruhyhu1 Lq dqwl0zhoiduh htxloleuld/ hyhq d pdmrulw| -
Topologies on Types
Theoretical Economics 1 (2006), 275–309 1555-7561/20060275 Topologies on types EDDIE DEKEL Department of Economics, Northwestern University and School of Economics, Tel Aviv University DREW FUDENBERG Department of Economics, Harvard University STEPHEN MORRIS Department of Economics, Princeton University We define and analyze a “strategic topology” on types in the Harsanyi-Mertens- Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the dis- tance between a pair of types as the difference between the smallest " for which the action is " interim correlated rationalizable. We define a strategic topology in which a sequence of types converges if and only if this distance tends to zero for any action and game. Thus a sequence of types converges in the strategic topol- ogy if that smallest " does not jump either up or down in the limit. As applied to sequences, the upper-semicontinuity property is equivalent to convergence in the product topology, but the lower-semicontinuity property is a strictly stronger requirement, as shown by the electronic mail game. In the strategic topology, the set of “finite types” (types describable by finite type spaces) is dense but the set of finite common-prior types is not. KEYWORDS. Rationalizability, incomplete information, common knowledge, uni- versal type space, strategic topology. JEL CLASSIFICATION. C70, C72. 1. INTRODUCTION Harsanyi (1967–68) proposed, and Mertens and Zamir (1985) constructed, a universal type space into which (under some technical assumptions) any incomplete information about a strategic situation can be embedded. As a practical matter, applied researchers do not work with that type space but with smaller subsets of the universal type space. -
FABRIZIO ZILIBOTTI Tuntex Professor of International and Development Economics, Webpage
FABRIZIO ZILIBOTTI Tuntex Professor of International and Development Economics, Webpage: https://campuspress.yale.edu/zilibotti/ Department of Economics Email: [email protected] Yale University Tel: +1 (203) 432 9561 28 Hillhouse Avenue New Haven, CT 06520-8268 PERSONAL DATE OF BIRTH: September 7, 1964 NATIONALITY: Italian Married, one daughter EDUCATION London School of Economics Ph.D. 1994 London School of Economics M.Sc. 1991 Università di Bologna Laurea (summa cum laude) 1989 TITLE OF PHD THESIS: Endogenous Growth and Underdevelopment Traps: A Theoretical and Empirical Analysis. Supervisor: Prof. Charles Bean. AWARDS, FELLOWSHIPS AND HONOURS Sun Yefang Award 2012 - China’s highest ranked award in economics (granted for the paper “Growing Like China”, American Economic Review 2011) Yrjö Jahnsson Award 2009 – Best economist in Europe under 45 (joint with John van Reenen) Ciliegia d’Oro Award 2009 - Distinguished personality from Emilia Romagna (previous laureates include Enzo Ferrari, Luciano Pavarotti, etc.) Honorary Master of Arts degree (M.A., privatim) Yale University, 2018 President of the European Economic Association, 2016 Fellow of the Econometric Society Fellow of the National Bureau of Economic Research (NBER) Member of the Academia Europaea, honoris causa CEPR Research Fellow CESifo Research Network Fellow Member of the Scientific Board of the Foundation “The Barcelona Graduate School of Economics” Co-Director of the NBER Summer Institute Econ. Fluctuations Group on Income Distribution & Macroeconomics EDITORIAL -
Downloaded from Elgar Online at 09/26/2021 09:15:43PM Via Free Access
JOBNAME: Bertocco PAGE: 1 SESS: 3 OUTPUT: Mon Feb 20 13:20:39 2017 Bibliography Quotations from works for which an English edition is not available have been translated by the author. Acemoglu, D. (2009), ‘The Crisis of 2008: structural lessons for and from economics’, CEPR Policy Insight, No. 28, January. Acemoglu, D. and J. Robinson (2012), Why Nations Fail: The Origins of Power, Prosperity, and Poverty, New York: Random House. Admati, A. and M. Hellwig (2013), The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It, Princeton, NJ: Princeton University Press. Akerlof, G. (1970), ‘The market for “lemons”: quality uncertainty and the market mechanism’, Quarterly Journal of Economics, 84 (3), 488–500. Akerlof, G., O. Blanchard, D. Romer and J. Stiglitz (eds) (2014), What Have We Learned? Macroeconomic Policy After the Crisis, Cambridge, MA: The MIT Press. Akerlof, G. and R. Shiller (2009), Animal Spirits: How Human Psychol- ogy Drives the Economy, and Why It Matters for Global Capitalism, Princeton, NJ: Princeton University Press. Aoki, M. (2001), ‘To the rescue or to the abyss: notes on the Marx in Keynes’, Journal of the Economic Issues, XXXV (4), 931–953. Argitis, A. (2013), ‘The illusion of the “new consensus” in macro- economics: a Minskian analysis’, Journal of Post Keynesian Eco- nomics, 35 (3), Spring, 483–505. Aristotle, Politics, translated by Benjamin Jowett (1885), accessed 14 March 2016 at www.globalgrey.co.uk/Pages/politics-aristotle.html. Arrow, K., A. Blinder, P. Diamond, E. Maskin, W. Sharpe, R. Solow, C. Schultze and L. Tyson (2011), Letter to President Obama and Con- gress, accessed 11 January 2016 at www.cbpp.org/sites/default/files/ atoms/7-19-11bad-pr-sig.pdf. -
Interim Correlated Rationalizability
Interim Correlated Rationalizability The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters Citation Dekel, Eddie, Drew Fudenberg, and Stephen Morris. 2007. Interim correlated rationalizability. Theoretical Economics 2, no. 1: 15-40. Published Version http://econtheory.org/ojs/index.php/te/article/view/20070015 Citable link http://nrs.harvard.edu/urn-3:HUL.InstRepos:3196333 Terms of Use This article was downloaded from Harvard University’s DASH repository, and is made available under the terms and conditions applicable to Other Posted Material, as set forth at http:// nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of- use#LAA Theoretical Economics 2 (2007), 15–40 1555-7561/20070015 Interim correlated rationalizability EDDIE DEKEL Department of Economics, Northwestern University, and School of Economics, Tel Aviv University DREW FUDENBERG Department of Economics, Harvard University STEPHEN MORRIS Department of Economics, Princeton University This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have the same hierarchies of beliefs have the same set of interim-correlated-rationalizable outcomes. This solution concept charac- terizes common certainty of rationality in the universal type space. KEYWORDS. Rationalizability, incomplete information, common certainty, com- mon knowledge, universal type space. JEL CLASSIFICATION. C70, C72. 1. INTRODUCTION Harsanyi (1967–68) proposes solving games of incomplete -
Nonlinear Persistence and Partial Insurance: Income and Consumption Dynamics in the PSID†
AEA Papers and Proceedings 2018, 108: 281–286 https://doi.org/10.1257/pandp.20181049 Nonlinear Persistence and Partial Insurance: Income and Consumption Dynamics in the PSID† By Manuel Arellano, Richard Blundell, and Stephane Bonhomme* In this paper we highlight the important role income dynamics using the extensive population the PSID has played in our understanding of register data from Norway. income dynamics and consumption insurance, Exploiting the enhanced consumption and see for example, Krueger and Perri 2006 ; asset data in recent waves of the PSID, we show Blundell, Pistaferri, and Preston 2008 ,( hence)- that nonlinear persistence has key implications forth, BPP ; and Guvenen and (Smith) 2014 . for consumption insurance. The approach is In the (partial) insurance approach, transmission( ) used to provide new empirical measures of parameters are specified that link “shocks” to partial insurance in which the transmission of income with consumption growth. These trans- income shocks to consumption varies systemat- mission parameters can change across time ically with assets, the level of the shock, and the and may differ across individuals reflecting the history of past shocks. degree of “insurance” available. They encom- pass self-insurance through simple credit mar- I. Earnings and Consumption Dynamics kets as well as other mechanisms used to smooth consumption. A prototypical “canonical” panel data model We explore the nonlinear nature of income of log family earned income yit is shocks and describe a new quantile-based panel ( ) ( ) data framework for income dynamics, devel- yit it it , i 1, , N, t 1, , T, oped in Arellano, Blundell, and Bonhomme = η + ε = … = … ABB 2017 . -
A Saga of Wage Resilience: Like a Bridge Over Troubled Water$
A Saga of Wage Resilience: Like a Bridge over Troubled WaterI Hugo de Almeida Vilaresa,b,∗, Hugo Reisc,d aLondon School of Economics and Political Science bCentre for Economic Performance (CEP) cBanco de Portugal dCat´olica Lisbon SBE Abstract This paper proposes a dynamic search and matching model adjusted to the Southern European and French based labour markets, where collective bargaining assumes a key role. Using the Portuguese employer-employee matched data for the last two decades, and its institutionally defined categories of workers, we reach a consistent and unified framework where we estimate an average worker bargaining power of 20%; an elasticity of quasi-rents of 0.062; an average passthrough of bargained wages of 44.8%; and a degree of assortative matching of 44.1%. These findings conform with the literature developed in each of these dimensions. Throughout the period, we witness a secular deterioration of worker's bargaining powers at the top and the middle of the wage distribution, while in the bottom we recorded a broad stability. Throughout the Great Recession, these findings are remarkably stable, signalling a significant wage setting resilience. Accordingly, the considerable real wage distribution adjustment throughout the downturn was led by job and firm flows, and for the staying workers through the valuation of the quasi rents of the worker-firm match and of the worker's outside options. JEL Classification: C55; C61; C62; C78; J31; J51; J53 Keywords: Search and Matching, Wage Setting Mechanisms, Collective Bargaining and Trade Unions, Worker's Bargaining Power, Assortative Matching, Elasticity of Quasi-Rents, Wage Disperson IThe authors are grateful to Ant´onioAntunes, Manuel Arellano, Ana Rute Cardoso, Christian Dustmann, Patrick Kline, Steve Machin, Alan Manning, Pedro Martins, Guy Michaels, Steve Pischke, Pedro Portugal, Pedro Raposo, Paulo Rodrigues, Di Song Tan, Kohei Takeda and Jo~aoVale Azevedo for useful comments and suggestions which greatly improved this work. -
PROFESSOR SIR RICHARD BLUNDELL CBE FBA Curriculum Vitae (March 2019)
PROFESSOR SIR RICHARD BLUNDELL CBE FBA Curriculum Vitae (March 2019) Ricardo Professor of Political Economy Director Department of Economics ESRC Centre for the Micro-Economic Analysis University College London of Public Policy (CPP@IFS) Gower Street Institute for Fiscal Studies London WC1E 6BT, UK 7 Ridgmout Street e-mail: [email protected] London WC1E 7AE Tel: +44 (0)207679 5863 Tel: +44 (0)20 7291 4820 Mobile: +44 (0)7795334639 Fax: +44 (0)20 7323 4780 Website: http://www.ucl.ac.uk/~uctp39a/ Date of Birth: 1 May 1952 Education and Employment: 1970 - 1973 B.Sc. University of Bristol. (Economics with Statistics, First Class). 1973 - 1975 M.Sc. London School of Economics (Econometrics and Math Econ). 1975-1984 Lecturer in Econometrics, University of Manchester. 1984- Ricardo Chair of Political Economy, University College London, (1988-1992 Dept. Chair). 1986 - 2016 Research Director, Institute for Fiscal Studies. 1991- Director: ESRC Centre for the Micro-Economic Analysis of Public Policy, IFS. 2017- Associate Faculty Member, TSE, Toulouse 1999- IZA Research Fellow 2006- CEPR Research Fellow 1980 Visiting Professor, University of British Columbia. 1993 Visiting Professor, Massachusetts Institute of Technology. 1994 Ford Visiting Professor, University of California at Berkeley. 1999 Visiting Professor, University of California at Berkeley. Honorary Doctorates Doktors der Wirtschaftswissenschaften ehrenhalber, University of St Gallen, St Gallen, Switzerland 2003 Æresdoktorar, NHH, Norwegian School of Economics, Bergen, Norway 2011 Ehrendoktorwürde Ökonomen, University of Mannheim, Mannheim, Germany 2011 Dottorato honoris causa in Scienze economiche, Università della Svizzera italiana, Switzerland 2016 Doctor of Laws honoris causa, University of Bristol, Bristol, 2017 Doctorato Honoris Causa in Economics, University of Venice, Ca’Foscari, Italy, 2018 Presidency of Professional Organizations 2004 President, European Economics Association. -
Annual Report 2005/2006
INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES Stockholm University Annual Report 2005/2006 Research Activities Staff and Organization Publications Front Cover: Olle Baertling, Irga, 1965, Oil on canvas 180 x 92. Back Cover: Annika Andreasson, Autumn Campus, 2005. ISSN 1104-4195 The Institute for International Economic Studies Stockholm University Mail Address: S-106 91 Stockholm Street Address: Universitetsvägen 10 A, 8th floor Telephone: +46 8 16 20 00 Facsimile: +46 8 16 14 43 Director: Administration: TORSTEN PERSSON CHRISTINA LÖNNBLAD (Head) ANNIKA ANDREASSON Deputy Director: ÅSA BORNSTRÖM ASTRID WÅKE MATS PERSSON Board of Governors: Publications: KÅRE BREMER, Professor, President of MATS PERSSON Stockholm University ANNIKA ANDREASSON LARS HEIKENSTEN, Member of the European Court of Auditors (from Visitors Program and Seminars: April 1, 2006) DAVID STRÖMBERG ULF JAKOBSSON, Director of the JAKOB SVENSSON Industrial Institute for Economic and FABRIZIO ZILIBOTTI Social Research (until December 31, CHRISTINA LÖNNBLAD 2005) LEIF LINDFORS, University Director Research Assistants: SVEN-OLOF LODIN, Professor DAVID VON BELOW KARL O. MOENE, Professor DARIO CALDARA LARS-GÖRAN NILSSON, Professor ERIK MEYERSSON MATS PERSSON, Professor TORSTEN PERSSON, Professor MICHAEL SOHLMAN, Executive Director of the Nobel Foundation ESKIL WADENSJÖ, Professor 1 Research Staff Visiting Fellows Professors ORIANA BANDIERA LARS CALMFORS London School of Economics HARRY FLAM TIM BESLEY JOHN HASSLER London School of Economics HENRIK HORN MICHELE BOLDRIN ASSAR LINDBECK University of Minnesota MATS PERSSON STEFANO DELLA VIGNA TORSTEN PERSSON University of California at Berkeley PETER SVEDBERG ARINDRAJIT DUBE FABRIZIO ZILIBOTTI University of California at Berkeley GENE GROSSMAN Visiting Professors Princeton University PER KRUSELL PAUL KLEIN KJETIL STORESLETTEN University of Western Ontario ETIENNE LEHMANN Research Fellows University of Paris II NICOLA GENNAIOLI JOSÉ V. -
14.461: Part I: Technological Change
14.461: Part I: Technological Change Daron Acemoglu September 13, 2011 This course will cover selected topics in theoretical and empirical analysis of technological change. The course will draw both on Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2008, and research articles. There will be three problem sets, which will count towards 30% of your …nal grade for this part of the course. The remaining 70% will be from a one half hour …nal examination at the end of the course (time to be determined). Topics Review of Basic Models of Endogenous Technological Progress (two lectures) Main reading: Acemoglu, Daron (2008) Introduction to Modern Economic Growth, Chap- ters 13 and 14. Jones, Charles I (1995) “Timeseries Tests of Endogenous Growth Models” Quarterly Journal of Economics, 110. Other references: Aghion, Philippe and Peter Howitt (1992) “A Model of Growth Through Creative Destruction”Econometrica, 60, 323-351 Aghion, Philippe and Peter Howitt (2008) The Economics of Growth, MIT, Cambridge. Backus, David, Patrick J. Kehoe and Timothy J. Kehoe (1992) “In Search of Scale E¤ects in Trade and Growth.” Journal of Economic Theory, 58, pp. 377-409. Grossman, Gene and Elhanan Helpman (1991) “Quality Ladders in the The- ory of Growth”Review of Economic Studies, 58, 43-61. Moser, Petra (2005) “How Do Patent Laws In‡uence Innovation? Evidence from Nineteenth-Century World Fairs” American Economic Review 95, 1214- 1236. Romer, Paul (1987) “Growth Based on Increasing Returns due to Special- ization”American Economic Review Papers and Proceedings, 77, 56-62 1 Romer, Paul M. (1990) “Endogenous Technological Change,” Journal of Political Economy 98, S71-S102. -
Escaping the Climate Trap? Values, Technologies, and Politics∗
Escaping the Climate Trap? Values, Technologies, and Politics Tim Besleyyand Torsten Perssonz November 2020 Abstract It is widely acknowledged that reducing the emissions of green- house gases is almost impossible without radical changes in consump- tion and production patterns. This paper examines the interdependent roles of changing environmental values, changing technologies, and the politics of environmental policy, in creating sustainable societal change. Complementarities that emerge naturally in our framework may generate a “climate trap,”where society does not transit towards lifestyles and technologies that are more friendly to the environment. We discuss a variety of forces that make the climate trap more or less avoidable, including lobbying by firms, private politics, motivated scientists, and (endogenous) subsidies to green innovation. We are grateful for perceptive comments by Philippe Aghion, David Baron, Xavier Jaravel, Bård Harstad, Elhanan Helpman, Gilat Levy, Linus Mattauch, and Jean Tirole, as well as participants in a Tsinghua University seminar, and LSE and Hong Kong University webinars. We also thank Azhar Hussain for research assistance. Financial support from the ERC and the Swedish Research Council is gratefully acknowledged. yLSE, [email protected]. zIIES, Stockholm University, [email protected] 1 1 Introduction What will it take to bring about the fourth industrial revolution that may be needed to save the planet? Such a revolution would require major structural changes in production as well as consumption patterns. Firms would have to invest on a large scale in technologies that generate lower greenhouse gas emissions, and households would have to consume goods that produce lower emissions. Already these observations suggest that the required transformation can be reinforced by a key complementarity, akin to the one associated with so- called platform technologies (Rochet and Tirole 2003).