European Center for Advanced Research in Economics and Statistics
News
ECARES Welcomes New Director: Paula Gobbi
We are excited to announce that Paula Gobbi has officially taken on the role of Director of ECARES as of October 2024. With her impressive academic background and years of dedication to the institution, Paula brings a wealth of experience. We are convinced that the first female director in our history will bring a fresh …
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New members
Welcome to Guntram WolffWe are pleased to announce that Guntram Wolff who has been appointed to the Euroclear Chair in Sustainable Development is now a member of ECARES. His research focuses on European integration, geoeconomics and defense, climate change, and macroeconomics. Guntram’s work has been widely published in prestigious academic journals, including Nature, Science, Nature Communications, Energy Policy, Climate Policy, Research …
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ECARES welcome drink – 07/10/2024
On October 7th, ECARES hosted a welcome drink to kick off the new academic year, bringing together faculty, researchers, and students. We extend our gratitude to everyone who attended and contributed to the warm, friendly spirit of the evening. Stay tuned for more events throughout the year!
Publications
Working paper : Standardized Testing for College Entrance: Evidence from a Major Examination Reform in China (2024-17)
Sirui Li & Philip Verwimp
Working paper : Within-group inequality: a comparison of different definitions and a new proposal of decomposition (2024-16)
Marc Fleurbaey & Domenico Moramarco & Vito Peragine
Working paper : Measuring inequality and welfare when some inequalities matter more than others (2024-15)
Marc Fleurbaey & Domenico Moramarco & Vito Peragine
Working paper : The Dynamic, the Static, and the Weak Factor Models and the Analysis of High-Dimensional Time Series (2024-14)
Matteo Barigozzi & Marc Hallin
Working paper : Nonparametric Analysis of Separable Production Technologies with Intermediate Inputs (2024-13)
Laurens Cherchye & Bram De Rock
Calendar
- 18 October 2024
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Oct
18Alexandre Mendonça, ENTERFriday, 12:15 - 13:30
Location: R42.2.113
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- 22 October 2024
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Oct
22TSE – UC3 – ULB – BSE – AALTO Energy Workshop
Tuesday, 00:00 - 23:59
Location: R42.2.110
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- 26 October 2024
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Campbell Leith ,University of Glasgow
26 Oct, 16:30 - 18:00Dear colleagues,
Please find attached the invitation to the next Joint Seminar in Macroeconomics by Campbell Leith (University of Glasgow).
on
Central Bank Independence, Government Debt and the Re-Normalization of Interest Rates
(co-authored with Tatiana Kirsanova and Ding Liu)The seminar will take place on Thursday, September 26th from 16:30 until 18:00 in the meeting room on the 3rd floor of the office building at Place Sainte-Gudule 19, 1000 Brussels* and will also be able to be followed via a Microsoft Teams meeting.
* Please note that due to office renovations, the seminar will take place at a slightly different location. We kindly ask you to report to the front desk at Place Sainte-Gudule 19 - Sinter-Goedeleplein 19, next to the cathedral.
We hope that you will circulate this invitation to your colleagues.
Please reply by email to nbbmacro.seminar@nbb.be if you wish to participate to this seminar or if you want to have an appointment with the speaker.
Please let us know if you will be physically present or will be following online by Teams. After registration and if you have indicated that you want to join online you will receive a confirmation email with the link to the seminar.
Looking forward to seeing you there.
Kind regards,
Pierrick Clerc (ULiège), Ferre De Graeve (KU Leuven), Romain Houssa (UNamur), Robert Kollmann (ULB), Yasin Kursat Önder (UGent), Luca Pensieroso (UCLouvain) and Raf Wouters (NBB)
Location:Oct
26Dear colleagues,
Please find attached the invitation to the next Joint Seminar in Macroeconomics by Campbell Leith (University of Glasgow).
on
Central Bank Independence, Government Debt and the Re-Normalization of Interest Rates
(co-authored with Tatiana Kirsanova and Ding Liu)The seminar will take place on Thursday, September 26th from 16:30 until 18:00 in the meeting room on the 3rd floor of the office building at Place Sainte-Gudule 19, 1000 Brussels* and will also be able to be followed via a Microsoft Teams meeting.
* Please note that due to office renovations, the seminar will take place at a slightly different location. We kindly ask you to report to the front desk at Place Sainte-Gudule 19 - Sinter-Goedeleplein 19, next to the cathedral.
We hope that you will circulate this invitation to your colleagues.
Please reply by email to nbbmacro.seminar@nbb.be if you wish to participate to this seminar or if you want to have an appointment with the speaker.
Please let us know if you will be physically present or will be following online by Teams. After registration and if you have indicated that you want to join online you will receive a confirmation email with the link to the seminar.
Looking forward to seeing you there.
Kind regards,
Pierrick Clerc (ULiège), Ferre De Graeve (KU Leuven), Romain Houssa (UNamur), Robert Kollmann (ULB), Yasin Kursat Önder (UGent), Luca Pensieroso (UCLouvain) and Raf Wouters (NBB)
Campbell Leith ,University of Glasgow
Saturday, 16:30 - 18:00
Location:
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- 29 October 2024
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Christian Basteck,WZB
29 Oct, 14:00 - 15:30Title : An Axiomatization of the Random Priority Rule
Abstract : We study the problem of assigning indivisible objects to agents where each is to receive one object. To ensure fairness in the absence of monetary compensation, we consider random assignments. Random Priority, also known as Random Serial Dictatorship, is the only mechanism that satisfies (i) fairness in the sense of equal-treatment-of-equals, (ii) ex post efficiency, and (iii) probabilistic (Maskin) monotonicity -- whenever preferences change so that a given deterministic assignment is ranked weakly higher by all agents, the probability of that assignment being chosen should be weakly larger. Probabilistic monotonicity implies strategy-proofness for random assignment problems and is equivalent on a general social choice domain; for deterministic rules it coincides with Maskin monotonicity.
Location: R42.2.113Oct
29Title : An Axiomatization of the Random Priority Rule
Abstract : We study the problem of assigning indivisible objects to agents where each is to receive one object. To ensure fairness in the absence of monetary compensation, we consider random assignments. Random Priority, also known as Random Serial Dictatorship, is the only mechanism that satisfies (i) fairness in the sense of equal-treatment-of-equals, (ii) ex post efficiency, and (iii) probabilistic (Maskin) monotonicity -- whenever preferences change so that a given deterministic assignment is ranked weakly higher by all agents, the probability of that assignment being chosen should be weakly larger. Probabilistic monotonicity implies strategy-proofness for random assignment problems and is equivalent on a general social choice domain; for deterministic rules it coincides with Maskin monotonicity.
Christian Basteck,WZB
Tuesday, 14:00 - 15:30
Location: R42.2.113
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- 31 October 2024
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Oct
31Philipp Gersing, University of Vienna
Thursday, 12:00 - 13:00
Location: R42.2.113
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- 1 November 2024
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Nov
01ULB Closed
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- 2 November 2024
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Nov
02ULB Closed
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- 5 November 2024
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Andre Groeger,BSE
05 Nov, 14:00 - 15:30Title : The Dynamics of Agricultural Production
Abstract : Agricultural productivity is low in rural economies compared to that of developed economies, and there is disparity in measured productivity across farms. The dispersion of measured productivity might reflect (i) volatile conditions and (ii) sluggish adjustments in agricultural production to such conditions, e.g., due to market frictions or technological constraints. This paper sheds light on the existence and nature of such imperfect adjustments by measuring the adjustment of production (factors, inputs and cropping patterns) to large shocks affecting the returns to different crops, and by estimating a dynamic structural model of farm production. We use the model to quantify the extent to which market frictions and technological constraints respectively limit the ability of farmers to adjust their production to changing conditions. We find that both technological and market frictions are quantitatively relevant, the latter implying that a significant part of sluggish adjustments can be interpreted as misallocation in factors and in cropping patterns
Location: R42.2.113Nov
05Title : The Dynamics of Agricultural Production
Abstract : Agricultural productivity is low in rural economies compared to that of developed economies, and there is disparity in measured productivity across farms. The dispersion of measured productivity might reflect (i) volatile conditions and (ii) sluggish adjustments in agricultural production to such conditions, e.g., due to market frictions or technological constraints. This paper sheds light on the existence and nature of such imperfect adjustments by measuring the adjustment of production (factors, inputs and cropping patterns) to large shocks affecting the returns to different crops, and by estimating a dynamic structural model of farm production. We use the model to quantify the extent to which market frictions and technological constraints respectively limit the ability of farmers to adjust their production to changing conditions. We find that both technological and market frictions are quantitatively relevant, the latter implying that a significant part of sluggish adjustments can be interpreted as misallocation in factors and in cropping patterns
Andre Groeger,BSE
Tuesday, 14:00 - 15:30
Location: R42.2.113
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- 8 November 2024
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Nov
08Antonino Varde,UNICATTFriday, 12:15 - 13:30
Location:
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- 12 November 2024
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Sampreet Goraya, SSE
12 Nov, 14:00 - 15:30Homepage
Title: Identity, Market Access, and Demand-led DiversificationAbstract: Using Indian microdata on employer-employee caste composition and household
consumption, we document that demand is segmented along caste lines, restricting
firms’ ability to penetrate markets, and affecting the firm size distribution
in the economy. We develop a model where consumers prefer goods produced
by socially closer groups and firms overcome these barriers by hiring employees
from the target consumer group. We identify the structural parameters governing
demand segmentation using rainfall-induced demand shocks. Our counterfactuals
show that social identity-driven barriers restrict the growth of high-quality
firms while keeping low-quality firms in the market, thus constraining aggregate
income. A decline in the cost of hiring out-group employees increases firm size
through greater market access and enhances consumer welfare through greater
variety of products.
Location:Nov
12Homepage
Title: Identity, Market Access, and Demand-led DiversificationAbstract: Using Indian microdata on employer-employee caste composition and household
consumption, we document that demand is segmented along caste lines, restricting
firms’ ability to penetrate markets, and affecting the firm size distribution
in the economy. We develop a model where consumers prefer goods produced
by socially closer groups and firms overcome these barriers by hiring employees
from the target consumer group. We identify the structural parameters governing
demand segmentation using rainfall-induced demand shocks. Our counterfactuals
show that social identity-driven barriers restrict the growth of high-quality
firms while keeping low-quality firms in the market, thus constraining aggregate
income. A decline in the cost of hiring out-group employees increases firm size
through greater market access and enhances consumer welfare through greater
variety of products.
Sampreet Goraya, SSE
Tuesday, 14:00 - 15:30
Location:
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