Research Seminars Series
MUES Research Seminar Series is a perfect opportunity to connect our Faculty with international scholars. Influential scholars from the world`s top universities are invited to present their latest research and to discuss the current trends and developments in all major areas of economics. In addition to the networking possibilities, this Research Seminar Series helps the Faculty and PhD students to receive early feedback on their own research.
The seminars are held in English. The length of the presentation should be 45 minutes followed by 15 minutes of discussion. The seminars are public, please join us spontaneously. If you wish to receive information about seminars subscribe to MUES newsletter or to our google calendar.
Coordinators: Martin Guzi, Štěpán Mikula, Matteo M. Marini and Luca Fumarco.
List of all seminars organized since 2013 is here.
Crossing Borders: Labor Market Effects of European IntegrationLecturer: Hannah Illing Personal website: http://www.hannahilling.eu Affiliation: University of Bonn & IAB ESF Room 2:00 PM
This paper studies the labor market effects of out- and in-migration in the context of cross-border commuting. It investigates an EU policy reform that granted Czech citizens full access to the German labor market, resulting in a Czech commuter outflow across the border to Germany. Exploiting the fact that the reform specifically impacted the Czech and German border regions, I use a matched difference-in-differences design to estimate its effects on local labor markets in both countries. Using a novel dataset on Czech regions, I show that municipalities in the Czech border region experienced a decrease in unemployment rates due to the worker outflow, while vacancies increased. For German border municipalities, I find evidence for slower employment growth (long-term) and slower wage growth (short-term), but no displacement effects for incumbent native workers.
TBALecturer: Michela Boldrini Personal website: https://sites.google.com/aiesec.net/michelaboldrini Affiliation: IGIER - Bocconi University ESF Room 2:00 PM
The Right to Counsel: Criminal Prosecution in 19th Century LondonLecturer: Zach Porreca Personal website: https://zachporreca.github.io/ Affiliation: Bocconi University ESF Room 2:00 PM
Exploiting a novel data set of criminal trials in 19th century London, we evaluate the impact of an accused’s right to counsel on convictions. While lower-level crimes had an established history of professional representation prior to 1836, individuals accused of committing a felony did not, even though the prosecution was conducted by professional attorneys. The Prisoners’ Counsel At of 1836 remedied this and first introduced the right to counsel in common law systems. Using a difference-in-difference estimation strategy we identify the causal effect of defense counsel. We find the surprising result that the professionalization of the courtroom led to an increase in the conviction rate, which we interpret as a consequence of jurors feeling that the trial became fairer. We go further and employ a topic modeling approach to the text of the transcripts to provide suggestive evidence on how the trials changed when defense counsel was fully introduced.
TBALecturer: Tom Broekel Personal website: https://www.tombroekel.de/ Affiliation: University of Stavanger ESF Room 2:00 PM
TBALecturer: Jay Walker Personal website: https://jaykody.wixsite.com/mysite Affiliation: Old Dominion University ESF Room 2:00 PM
Effects of Universal and Unconditional Cash Transfers on Child MaltreatmentLecturer: Analisa Packham Personal website: https://sites.google.com/site/analisapackham/ Affiliation: Vanderbilt University, on a visiting period at University is Johannes Kepler University-Linz ESF Room 2:00 PM
We estimate the effects of cash transfers on child well-being. To do so, we leverage program eligibility due to date of birth cutoffs and year-to-year variation in payment size from a universal and unconditional cash transfer, the Alaska Permanent Fund Dividend (PFD). Using linked individual-level administrative data on PFD payments and child maltreatment referrals, we find that an additional $1,000 to families reduces the likelihood that a child is referred to Children’s Services by age 3 by 2.0 percentage points, or about 10 percent, on average. Effects are driven by declines in neglect and physical abuse. Additionally, we show that larger cash transfers increase the probability that children live with their mothers and lower mortality by age 5.
TBALecturer: Michal Soltes Personal website: https://sites.google.com/view/msoltes/home Affiliation: Charles University ESF Room 2:00 PM
Informational Rents and the Excessive Entry Theorem: The Case of Hidden ActionLecturer: Alberto Palermo Personal website: https://www.iaaeg.de/index.php?option=com_content&view=article&id=66:alberto-palermo-englisch&catid=2&lang=en&Itemid=206 Affiliation: IAAEU ESF Room 2:00 PM
Entry in a homogeneous Cournot-oligopoly is excessive if there is business stealing. This prediction assumes that production costs reduce profits and welfare equally. However, this need not be the case. If there is asymmetric information, suppliers or employees can utilize their superior knowledge to extract informational rents. Rent payments reduce profits and deter entry, but affect neither the optimal number of firms nor welfare directly. Therefore, entry becomes insufficient if informational rents are large enough. In the context of a moral hazard model, we show that insufficient entry occurs if entry costs are sufficiently high. Such costs lower the number of firms and, thereby, raise informational rents.
TBALecturer: Paolo Crosetto Personal website: https://paolocrosetto.wordpress.com/ Affiliation: INRAE - French National Research Institute for Agriculture, Food, and Environment ESF Room 2:00 PM
Monetary Policy with Heterogeneous Agents in open economies : US vs EuropeLecturer: Franck Xavies Signe Affiliation: University of Rennes Online only 1:30 PM • 1/26/2023
This paper seeks to quantitatively assess the key role of the three components of heterogeneity in open economies, namely the consumption gap between hand-to-mouth and Ramsey households, the consumption dispersion between Ramsey households and the existence of a fixed share of the two groups of households (HANK model) in the conduct of monetary policy in Europe and the US, as the two economies trade with each other. Using Bayesian estimation techniques, we estimate three models, a model with representative agents (RANK model), a model with heterogeneous agents so that the share of the two groups of households remains constant over time (TANK model) and the HANK model. We conclude that the HANK model plays a key role in the conduct of monetary policy in Europe and the United States and in the mitigation of cycles and fluctuations. The American economy is more sensitive to heterogeneity than the European one, because the differences in parameters between the models are greater in the USA than in Europe. Coordination between the two central banks on price stability always reveals that the HANK model attenuates fluctuations more than the other two models.This event is both online and in person. Join the Teams meeting