Household Finance and Macroeconomics

Speakers

15 October

• • 09:15h - 10:15h
  • “Housing, adjustment costs, and endogenous risk aversion”

    Marjorie Flavin (University of California, San Diego)

    • Paper: “Housing, adjustment costs, and endogenous risk aversion”  (193 KB)
    • Presentation: “Housing, adjustment costs, and endogenous risk aversion”  (330 KB)

    Discussant: Enrique Sentana (CEMFI). Discussant: “Housing, adjustment costs, and endogenous risk aversion”  (77 KB)

• • 10:15h - 11:15h
  • “House prices and risk sharing”

    María José Luengo-Prado (Northeastern University), Dmytro Hryshko (University of Alberta) and Bent E. Sorensen (University of Houston)

    • Paper: “House prices and risk sharing”  (421 KB)
    • Presentation: “House prices and risk sharing”  (872 KB)

    Discussant: Josep Pijoan (CEMFI). Discussant: “House prices and risk sharing”  (111 KB)

• • 11:45h - 12:45h
  • “The right amount of trust”

    Luigi Guiso (European University Institute and Ente Einaudi), Jeff Butler (Eief) and Paola Giuliano (UCLA)

    • Paper: “The right amount of trust”  (555 KB)
    • Presentation: “The right amount of trust”  (451 KB)

    Discussant: Francesco Caselli (LSE). Discussant: “The right amount of trust”  (92 KB)

• • 13:00h - 14:00h
  • “Health and (other) asset holdings”

    Pascal St-Amour (University of Lausanne), Julien Hugonnier (University of Lausanne and Swiss Finance Institute) and Florian Pelgrin (University of Lausanne)

    • Paper: “Health and (other) asset holdings”  (499 KB)
    • Presentation: “Health and (other) asset holdings”  (251 KB)

    Discussant: Pedro Mira (CEMFI). Discussant: “Health and (other) asset holdings”  (56 KB)

• • 15:15h - 16:15h
  • “Capital structure, hurdle rates, and portfolio choice – Interactions in an entrepreneurial firm"

    John C. Heaton (University of Chicago Booth School of Business) and Deborah Lucas (Kellogg School of Management)

    • Paper: "Capital structure, hurdle rates, and portfolio choice – Interactions in an entrepreneurial firm"  (224 KB)
    • Presentation: "Capital structure, hurdle rates, and portfolio choice – Interactions in an entrepreneurial firm"  (190 KB)

    Discussant: Paul Willen (Federal Reserve Bank of Boston). Discussant: "Capital structure, hurdle rates, and portfolio choice – Interactions in an entrepreneurial firm"  (806 KB)

• • 16:30h - 17:30h
  • “The finances of american households in the past 3 recessions: evidence from the survey of consumer finances"

    Michael Palumbo (Federal Reserve Board) and Kevin Moore (Federal Reserve Board)

    • Paper: "The finances of american households in the past 3 recessions: evidence from the survey of consumer finances"  (275 KB)
    • Presentation: "The finances of american households in the past 3 recessions: evidence from the survey of consumer finances"  (568 KB)

    Discussant: Ernesto Villanueva (Banco de España). Discussant: "The finances of american households in the past 3 recessions: evidence from the survey of consumer finances"  (241 KB)

• • 18:00h - 19:00h
  • “Redistributive taxation and personal bankruptcy in US States”

    Charles Grant (University of Reading and EUI) and Winfried Koeniger (IZA Bonn, University of Bonn and EUI)

    • Paper: "Redistributive taxation and personal bankruptcy in US States"  (297 KB)
    • Presentation: "Redistributive taxation and personal bankruptcy in US States"  (93 KB)

    Discussant: Andrés Erosa (IMDEA). Discussant: "Redistributive taxation and personal bankruptcy in US States"  (147 KB)

• • 19:00h - 20:00h
  • “Do disaster expectations explain household portfolios?”

    Sule Alan (University of Cambridge)

    • Paper: “Do disaster expectations explain household portfolios?”  (714 KB)
    • Presentation: “Do disaster expectations explain household portfolios?”  (275 KB)

    Discussant: Xavier Mateos Planas (University of Southampton). Discussant: “Do disaster expectations explain household portfolios?”  (43 KB)

16 October

• • 09:15h - 10:15h
  • “Insuring consumption using income linked assets”

    Andreas Fuster (Harvard University) and Paul Willen (Federal Reserve Bank of Boston)

    • Paper: “Insuring consumption using income linked assets”  (363 KB)
    • Presentation: “Insuring consumption using income linked assets”  (2 MB)

    Discussant: Claudio Michelacci (CEMFI). Discussant: “Insuring consumption using income linked assets”  (73 KB)

• • 10:15h - 11:15h
  • “The response of household wealth to the risk of losing the job: evidence from differences in firing costs"

    Cristina Barceló (Banco de España) and Ernesto Villanueva (Banco de España)

    • Paper: "The response of household wealth to the risk of losing the job: evidence from differences in firing costs"  (559 KB)
    • Presentation: "The response of household wealth to the risk of losing the job: evidence from differences in firing costs"  (837 KB)

    Discussant: Andrea Brandolini (Banca d’Italia). Discussant: "The response of household wealth to the risk of losing the job: evidence from differences in firing costs"  (30 KB)

• • 11:45h - 12:45h
  • “Financial advice and account performance”

    Andreas Hacketal, (Goethe University Frankfurt)
    Michael Haliassos (Goethe University Frankfurt, CFS and MEA)
    Tullio Jappelli (University of Salerno, CSEF)

    • Paper: “Financial advice and account performance”  (403 KB)
    • Presentation: “Financial advice and account performance”  (642 KB)

    Discussant: Raquel Carrasco (Universidad Carlos III). Discussant: “Financial advice and account performance”  (117 KB)

• • 13:00h - 14:00h
  • “Fiction or fact: systematic gender differences in financial investments?”

    Jesper Rangvid (Copenhagen Business School), Charlotte Christiansen (CREATES, Aarhus University) and Juanna Schröter Joensen (Stockholm School of Economics)

    • Paper: “Fiction or fact: systematic gender differences in financial investments?”  (256 KB)
    • Presentation: “Fiction or fact: systematic gender differences in financial investments?”  (342 KB)

    Discussant: Manuel Bagüés (Universidad Carlos III). Discussant: “Fiction or fact: systematic gender differences in financial investments?”  (150 KB)