Fourth Annual Research Conference

La Cuarta Conferencia Anual de Investigación organizada por el Banco de España tuvo lugar, en formato online, los pasados 28 y 29 de septiembre de 2021.

El tema de la conferencia fue “Market power in the digital age: measurement, causes, consequences and policies”.

El evento contó con la participación de destacados académicos como Ufuk Akcigit, Mary Amiti, José Azar, David Baqaee, Corina Boar, Timo Bopart, Chiara Criscuolo, Virgiliu Midrigan, Simon Mongey, Fiona Scott Morton, Jorge Padilla, Michael Peters, Lorenza Rossi, Chad Syverson, Alireza Tahbaz-Salehi, Aleh Tsyvinski, Tommaso Valletti y Mehmet Yorukoglu.

Información

Ponentes

28 Septiembre

    • 14:45h - 15:00h
    • Welcome address: Oscar Arce (Director General for Economics, Statistics and Research, Banco de España)
    • 15:00h - 17:15h
    • Session 1. Firm dynamics and technology

      Chair: Olympia Bover (Banco de España).

      Style over substance? Advertising, innovation, and endogenous market structure”, Pau Roldan-Blanco (Banco de España).
      Discussant: Mehmet Yorukoglu (Koç University)

      Quantifying market power and business dynamism”, Simon Mongey ((University of Chicago).
      Discussant: Virgiliu Midrigan (New York University).

      What happened to US business dynamism?”, Ufuk Akcigit (University of Chicago).
      Discussant: Timo Boppart (Stockholm University).

    • 17:15h - 17:45h
    • Break
    • 17:45h - 19:15h
    • Session 2: Inequality

      Chair: Pablo Burriel (Banco de España).

      Markups and inequality”, Corina Boar (New York University).
      Discussant: Aleh Tsyvinski (Yale University).

      Monopsony power in higher education: a tale of two tracks", Chad Syverson (University of Chicago).
      Discussant: José Azar (IESE).

29 Septiembre

    • 15:00h - 17:15h
    • Session 3. Trade and monetary policy

      Chair: Pau Roldan-Blanco (Banco de España).

      Entry versus rents. Aggregation with economies of scale", David Baqaee (UCLA).
      Discussant: Alireza Tahbaz-Salehi (Northwestern University).

      Trade protection, stock-market returns, and welfare”, Mary Amiti (Federal Reserve Bank of New York).
      Discussant: Michael Peters (Yale University).

      Market polarization and the Phillips curve”, Pablo Burriel (Banco de España).
      Discussant: Lorenza Rossi (University of Lancaster)

    • 17:15h - 17:45h
    • Break
    • 17:45h - 19:15h
    • Session 4: Policy Panel

      Chair:  Jan Eeckhout (Universitat Pompeu Fabra)

      Fiona Scott Morton (Yale University).
      Tommaso Valletti (Imperial College, London).
      Chiara Criscuolo (OECD).
      Jorge Padilla (Compass Lexecon).

    • 19:15h - 19:30h
    • Closing remarks: Pablo Hernández de Cos (Governor, Banco de España)
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