Conferences and seminars
CONFERENCE ON HOUSEHOLD FINANCE AND MACROECONOMICS
The Banco de España organized a conference on Household Finance and Macroeconomics that took place in Madrid on 15-16 October 2009. The conference focused on the interactions between household finance and macroeconomics and was open to theoretical, empirical, and policy papers on issues related to household finances, their composition, and relevance for macroeconomic analysis.
(142 KB)| 15th October 2009 | |
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| 09.15 - 10.15 | Session 1. Welcome and Chair: José L. Malo de Molina (Banco de España) “Housing, adjustment costs, and endogenous risk aversion” Marjorie Flavin (University of California, San Diego)
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| 10.15 - 11.15 | “House Prices and Risk Sharing” María José Luengo-Prado (Northeastern University)
Discussant: Josep Pijoan (CEMFI) |
| 11.45 - 12.45 | Session 2. Chair: Nezih Guner (ICREA, Universitat Autònoma de Barcelona and Barcelona GSE) “The Right Amount of Trust” Luigi Guiso (European University Institute and Ente Einaudi)
Discussant: Francesco Caselli (LSE) |
| 13.00 - 14.00 | “Health and (other) Asset Holdings” Pascal St-Amour (University of Lausanne)
Discussant: Pedro Mira (CEMFI) |
| 15.15 - 16.15 | Session 3. Chair: Juan Ayuso (Banco de España) “Capital Structure, Hurdle Rates, and Portfolio Choice – Interactions in an Entrepreneurial Firm" John C. Heaton (University of Chicago Booth School of Business)
Discussant: Paul Willen (Federal Reserve Bank of Boston) |
| 16.30 - 17.30 | “The Finances of American Households in the Past 3 Recessions: Evidence from the Survey of Consumer Finances" Michael Palumbo (Federal Reserve Board)
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| 18.00 - 19.00 | Session 4. Chair: Olympia Bover (Banco de España) “Redistributive Taxation and Personal Bankruptcy in US States” Charles Grant (University of Reading and EUI)
Discussant: Andrés Erosa (IMDEA) |
| 19.00 - 20.00 | “Do Disaster Expectations Explain Household Portfolios?” Sule Alan (University of Cambridge)
Discussant: Xavier Mateos Planas (University of Southampton) |
| 16th October 2009 | |
| 09.15 - 10.15 | Session 1. Chair: Roberto Blanco (Banco de España) “Insuring consumption using income linked assets” Andreas Fuster (Harvard University)
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| 10.15 - 11.15 | “The response of household wealth to the risk of losing the job: evidence from differences in firing costs" Cristina Barceló (Banco de España)
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| 11.45 - 12.45 | Session 2. Chair: Juan F. Jimeno (Banco de España) “Financial Advice and Account Performance” Andreas Hacketal, (Goethe University Frankfurt)
Discussant: Raquel Carrasco (Universidad Carlos III) |
| 13.00 - 14.00 | “Fiction or Fact: Systematic Gender Differences in Financial Investments?” Jesper Rangvid (Copenhagen Business School)
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