newsletter - Volkswirtschaftliche Fakultät

VOLKSWIRTSCHAFTLICHE FAKULTÄT
MUNICH GRADUATE SCHOOL OF ECONOMICS
No. 306
27 - 10 - 14
NEWSLETTER
SEMINARE DIESE WOCHE
SEMINARS THIS WEEK
CESifo – Süddeutsche Zeitung
Montag, 27. Oktober 2014
18:00 - 19:30 Uhr
Ifo Institut, Ludwig-Erhard-Saal
Poschinger Straße 5
Münchner Seminar
Dr. Felix Hüfner
(Deputy Director, Institute of International Finance)
“Der kommende Zinsanstieg in den USA –
Fluch oder Segen?”
Anmeldung erforderlich bis Freitag, 24.10., bei Olga Zudova ([email protected], Fax-Nr. 089-92241409)
Department of Economics
Dienstag, 28. Oktober 2014
17:00 - 18:15 Uhr
Bibliothek des Seminars für Internationale
Wirtschaftsbeziehungen
Ludwigstr. 28/II Vgb., Raum 221
Hans-Moeller-Seminar
Luigi Guiso
(EIEF Rom)
“The Supply Side of Household Finance”
Abstract: see page 3
1
BROTZEIT-SEMINARE
BROWN BAG SEMINARS
Munich International Economics Seminar
Yoto V. Yotov
(Eckel, Felbermayr, Marin, Schnitzer)
(Drexel University)
Montag, 27. Oktober, 12:00 - 13:00 Uhr
“Growth and Trade: A Structural Estimation Framework”
Library of the Seminar for International Economics
Ludwigstr. 28/II Vgb., Raum 221
Micro Workshop
(Englmaier, Kocher, Maier, Schmidt)
Montag, 27. Oktober, 12:30 - 13:30 Uhr
Public Finance Library
Ludwigstr. 28/III Vgb., Raum 301
The Adam Smith Seminar
(Holler, Kocher)
Montag, 27. Oktober, 18:00 - 20:00 Uhr
Ludwigstr. 28/III Vgb., Raum 301
Collin Raymond
(University of Oxford)
“t.b.a.”
Marlies Ahlert
(Martin-Luther-Universität Halle-Wittenberg)
“A Conceptual Model of Desires”
Eucman Lee
ORG Seminar
(London Business School)
(Englmaier, Grohsjean, Kretschmer, Weller)
“Ceo Functional Background, Organizational Structure and
Dienstag, 28. Oktober, 12:00 - 13:30 Uhr
Performance: Evidence from the U.K. Healthcare Sector”
Ludwigstr. 28 Rgb., Raum 024
IO and Trade Seminar
(Eckel, Schnitzer)
Dienstag, 28. Oktober, 12:15 - 13:45 Uhr
Library of the Seminar for Comparative Economics
Akademiestr. 1/III
Research Workshop “Empirical Economics”
(Cantoni, Danzer, Winter, Wuppermann,
Bucher-Koenen)
Dienstag, 28. Oktober, 14:00 - 15:30 Uhr
Ludwigstr. 28 Rgb., Room 024
ifo Lunchtime Seminar
Mittwoch, 29. Oktober, 12:00 - 13:00 Uhr
Poschingerstr. 5, Ludwig-Erhard-Saal
Chen Li
“Do migrants attract FDI? District-level evidence
from Germany”
David Pacini
(University of Bristol)
“Estimating dynamic panel data models with missing
outcomes”
Eugenio J. Miravete
(University of Texas at Austin)
“Protecting the European Automobile Industry Through
Environmental Regulation: The Adoption of Diesel
Engines”
2
Department of Economics
Hans-Moeller-Seminar
Dienstag, 28. Oktober, 17.00 – 18.15 Uhr
Luigi Guiso
(EIEF Rom)
“The Supply Side of Household Finance”
We propose a new, data-based test for the presence of biased financial advice when households choose
between Fixed Rate Mortgages (FRM) and Adjustable Rate Mortgages (ARM). If households are wary, the
relative cost of FRM and ARM should be a sufficient statistic for a household contract choice: the identity of
the bank originating the loan should play no role. If households rely on banks' advice to guide their choice,
banks may be tempted to bias advice in a direction that is most convenient to them, so that bank-specific
characteristics play a role in the choice of household contract. We test this implication on the sample of 1.6
million mortgages originated in Italy between 2004 and 2010. We find that the choice between ARM and
FRM is significantly affected by banks' characteristics, especially over intervals of time during which banks
do not change the relative price of the two mortgage types. This supports the view that banks are able to affect
household mortgage choices not only through price but also through an advice channel.
MÜNDLICHE DOKTORPRÜFUNGEN
DOCTORAL ORAL DEFENSES
Dienstag, 28.10.2014
14:00 – 15:00 Uhr
Bibliothek des Seminars für Internationale
Wirtschaftsbeziehungen, Ludwigstr. 28 Vgb/II
Michaelis, Henrike
“Essays on Monetary Policy Transmission”
Mündliche Prüfer: Marin, Illing, Amisano
Dienstag, 28.10.2014
14:00 – 15:00 Uhr
Bibliothek des Seminars für Komparative
Wirtschaftsforschung, Akademiestraße 1/III
Wiegand, Manuel
“Credit Constraints During the Financial Crisis:
A Firm-Level Analysis”
Mündliche Prüfer: Schnitzer, Poutvaara, Trebesch
Mittwoch, 29.10.2014
15:00 – 16:00 Uhr
Schackstr. 4/II, Raum 207, CES
Buck, Florian
“The Rents of Banking. A Public Choice Approach
to Bank Regulation”
Mündliche Prüfer: Sinn, Haber, Trebesch
Donnerstag, 30.10.2014
16:00 – 17:00 Uhr
Bibliothek des Seminars für Wirtschaftspolitik
Akademiestr. 1/II
Donnerstag, 30.10.2014
18:00 – 19:00 Uhr
Ludwigstr. 28, Vgb/III, Raum 305
Mardan, Mohammed
“Essays on the Taxation of Multinational Enterprises
under Profits and Losses”
Mündliche Prüfer: Haufler, Poutvaara, Holzner
Habla, Wolfgang
“Essays on Environmental Policy in a Politically Motivated World”
Mündliche Prüfer: Pittel, Winkler, Holzner
3
KONGRESSE – FORSCHUNGSAUFENTHALTE – EXTERNE VORTRÄGE
MEETINGS – RESEARCH VISITS – SEMINARS ABROAD
Lukas Buchheim presented his paper “Employment Effects of Stimulus Investments“ (joint with Martin Watzinger) at the MIT
Labor Lunch in Cambridge on September 30.
Florian Buck presented his paper „The deja-vu of financial repression – A political-economy approach” (joint with Ulf Maier) at
the Bundesbank Workshop on “Banking and Financial Markets” in Eltville, Germany on October 17.
Florian Englmaier presented his paper "The Role ofCommunication of Performance Schemes: Evidence from a Field
experiment" (joint with Andreas Roider and Uwe Sunde) at the Copenhagen Workshop on Attention in Economics on October
21.
Ulf Maier presented his paper “Regulatory competition in capital standards with selection effects among banks” (joint with
Andreas Haufler) on September 25 at the 13th International Conference on Credit Risk Evaluation in Venice and his paper
„Capital standards and resolution procedures for multinational banks” at the Bundesbank Workshop on “Banking and Financial
Markets” in Eltville, Germany on October 17.
David Schindler presented his paper “Time Pressure and Self-selection” (joint work with Martin Kocher, Stefan Trautmann and
Yilong Xu) at the International Workshop “Time in Economic Decision Making” at the Center for Advanced Studies in Munich
on October 20.
MÜNCHENER WIRTSCHAFTSWISSENSCHAFTLICHE BEITRÄGE
MUNICH ECONOMICS DISCUSSION PAPERS
Marin, Dalia und Schymik, Jan und Tarasov, Alexander (Oktober 2014): Trade in Tasks and the Organization of Firms.
Münchener Wirtschaftswissenschaftliche Beiträge (VWL) 2014-48.
GASTWISSENSCHAFTLER
VISITORS
Tim Lohse
Georg Gebhardt
Geoffrey J. Blanford
Wolfgang Keller
Elisabeth Gugl
Eugenio J. Miravete
Mongoljin Batsaikhan
Berlin School of Economics and Law
University of Ulm
Eletric Power Research Insitute
University of Colorado at Boulder
University of Victoria
University of Texas at Austin
Georgetown University, Doha
CES
CES
CESifo
CESifo
CESifo
CESifo
LS Kocher
19.10. - 31.10.
27.10. – 19.12.
01.01. - 31.12.
01.07. - 31.12.
01.10. - 31.10.
29.10. – 03.11.
28.09. - 28.10.
(visting adress:
Giselastr. 10, 1st. Floor)
Munich Economics Newsletter
Volkswirtschaftliche Fakultät - Munich Graduate School of Economics
Dekan: Prof. Dr. Joachim Winter
Redaktion: Renate Schwirtz, Akademiestraße 1/II., Zi. 253,
80799 München
URL: http://www.vwl.uni-muenchen.de
Tel. 089 2180-2278, Fax 089 2180-6296
E-Mail: [email protected]
Redaktionsschluss für den Munich Economics Newsletter Nr. 307:
Mittwoch, 29. Oktober 2014, 12:00 Uhr
4