Presenter: Jasmine Xiao Affiliation: University of Notre Dame, Department of Economics. Paper: Expectations and Credit Slumps Date: August 22, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: Since the 2008-09 financial crisis, U.S. bank lending has been slow to recover, despite the period of very low interest rates. We show that banks do not process … Read more
Presenter: Oliver Pfäuti Affiliation: University of Texas at Austin and University of Bern, Department of Economics. Paper: The Inflation Attention Threshold and Inflation Surges Date: October 17, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: At the outbreak of the recent inflation surge, the public’s attention to inflation was low but increased rapidly once inflation … Read more
Presenter: Paul Fontanier Affiliation: Yale University, Yale School of Management Paper: Optimal Policy for Behavioral Financial Crises Date: October 25, 2022 Time: 12:00 GMT (15:00 Israel Time) Abstract: Should policymakers adapt their macroprudential and monetary policies when the financial sector is vulnerable to belief-driven boom-bust cycles? I develop a model in which financial intermediaries are … Read more
Presenter: Francesca Bastianello Affiliation: University of Chicago, Booth School of Business. Paper: Partial Equilibrium Thinking, Extrapolation, and Bubbles Date: September 6, 2022 Time: 12:00 GMT (15:00 Israel Time) Abstract: We model a financial market where some agents mistakenly attribute any price change they observe to new information alone, when in reality part of the price … Read more
Presenter: Michèle Tertilt Affiliation: University of Mannheim, Department of Economics. Paper: Consumer Credit with Over-Optimistic Borrowers. Date: March 22, 2022 Time: 13:00 GMT Abstract: Do cognitive biases call for regulation to limit the use of credit? We incorporate over-optimistic and rational borrowers into an incomplete markets model with consumer bankruptcy. Over-optimists face worse income risk … Read more