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9th Economics Graduate Student Conference
Washington University in St. Louis
Saturday, Oct. 25, 2014
Conference Agenda
8:30-9:15 am, Continental Breakfast (Seigle Hall, 3rd Floor Spillway)
9:15-11:45 am, Morning Session
A) Money and Finance. Chair: Costas Azariadis (Wash U)
Seigle Hall 303
9:15 - 9:50 am
9:50 - 10:25 am
10:25 - 10:35 am
10:35 - 11:10 am
11:10 - 11:45 am
“Risk Incentives in an Interbank Network”
Miguel de Faria e Castro (NYU)
“Mobile Money: A Theoretical study of Alternative Media of Exchange, and
an Empirical study with respect to M-Pesa in Kenya”
Giridaran Subramaniam (Boston College)
Coffee Break
“Collateralized Debt and Liquidity”
Fatih Tuluk (Wash U)
“Endogenous Lemons Markets and Information Cycles”
Wukuang Cun (Rutgers)
B) Business Cycles. Chair: Alexander Monge-Naranjo (St. Louis Fed)
Seigle Hall 206
9:15 - 9:50 am
9:50 - 10:25 am
10:25 - 10:35 am
10:35 - 11:10 am
11:10 - 11:45 am
“Shopping Behavior and Cost of Living during the Great Recession”
David Argente (Chicago)
“A New Look at Uncertainty Shocks: Imperfect Information and
Misallocation”
Tatsuro Senga (OSU)
Coffee Break
“Dispersed Information, Excess Volatility, and Business Cycles”
Jieran Wu (Virginia)
“Fiscal shocks and cross-border spillovers”
Jingchao Li (OSU)
C) Information and Microeconomics. Chair: Jonathan Weinstein (Wash U)
Seigle Hall 248 9:15 - 9:50 am
9:50 - 10:25 am
10:25 - 10:35 am
10:35 - 11:10 am
11:10 - 11:45 am
“Strategy-proof and Efficient Scheduling”
Yuan Tian (Chicago)
“Partisan Voting and Uncertainty”
Ling Yang (Pittsburgh)
Coffee Break
“When Monitoring Hurts: Endogenous Information Acquisition in a Game
of Persuasion”
Tsz-Ning Wong (PSU)
“The Distortionary Effect of Social Influence”
Jorge Rojas-Vallejos (U Washington)
D) Monetary and Fiscal Policy. Chair: Fernando M. Martin (St. Louis Fed)
Seigle Hall 304
9:15 - 9:50 am
9:50 - 10:25 am
10:25 - 10:35 am
10:35 - 11:10 am
11:10 - 11:45 am
“Heterogeneous Skill and Wage Rigidity in a DSGE Model”
Robert Lester (Notre Dame)
“On the Econometric Interpretation for Fiscal and Monetary Policy
Interactions”
Fei Tan (Indiana)
Coffee Break
“Political Budget Cycles: Evidence from Italian Cities”
Matteo Paradisi (Harvard)
“What Explains the State-Dependent Effects of Monetary Policy on Asset
Price?”
Cheng Zhou (Texas A&M)
E) Financial Economics. Chair: Jeongmin Lee (Wash U, Olin)
Seigle Hall 148
9:15 - 9:50 am
9:50 - 10:25 am
10:25 - 10:35 am
10:35 - 11:10 am
11:10 - 11:45 am
“Brokers vs. Retail Investors: Conflicting Interests and Dominated
Products”
Mark Egan (Chicago)
“Unemployment in Financial Crisis: The Role of Trade Credit”
Shao Lin (Wash U)
Coffee Break
“Real Effects of Bank Capital Structure”
Ihsan Saracgil (Michigan)
“Shadow Banking and Asset Pricing”
Jinji Hao (Wash U)
11:45 – 1:00 pm, Lunch (Rooms: 206 & 303 Seigle Hall)
1:15 – 2:45 pm, Douglass North Honorary Lecture: V.V. Chari, May Auditorium,
Simon Hall
2:45 – 3:00 pm, Coffee Break
3:00 – 4:45 pm, Afternoon Session I
A) Growth & Development. Chair: Ping Wang (Wash U)
Seigle Hall 306
3:00 – 3:35 pm
3:35 – 4:10 pm
4:10 – 4:45 pm
“Growing through Mergers and Acquisitions”
Jianhuan Xu (NYU)
“Higher Education Expansion in a Reform Era: How Does the ‘Engine’
Work?”
Yao Yao (Wash U)
“Multi-Unit Firms, Distortions and Productivity”
Xican Xi (ASU)
B) Empirical Labor. Chair: George-Levi Gayle (Wash U)
Seigle Hall 304
3:00 – 3:35 pm
3:35 – 4:10 pm
4:10 – 4:45 pm
“Falling off the Ladder - Earnings Losses from Job Loss”
Gregor Jarosch (Chicago)
“Parental Time Investment and Intergenerational Human Capital
Formation: A Quantitative Analysis”
Minchul Yum (OSU)
“Why Form Business Partnerships?”
Jungho Lee (Wash U)
C) Asset Pricing. Chair: Yi Wen (St. Louis Fed)
Seigle Hall 305
3:00 – 3:35 pm
3:35 – 4:10 pm
4:10 – 4:45 pm
“The Role of Dispersed Information in Pricing Default: Evidence from the
CDS Market”
Marco Macchiavelli (Boston College)
“Regime Learning and Asset Prices in A Long-run Model: Theory”
Bin Bin Deng (Chicago)
“Equity Premium Puzzle in High-Income and Developing Countries: An
Empirical Approach with Disasters”
Jaroslav Horvath (OSU)
D) Econometrics. Chair: Werner Ploberger (Wash U)
Seigle Hall 148
3:00 – 3:35 pm
3:35 – 4:10 pm
“Asymptotic Trimming and Rate Adaptive Inference for Endogenous
Selection Estimates”
Thomas Tao Yang (Boston College)
“Testing and Forecasting for Rationality using Nonparametric Projection
Techniques”
Maria Jose Boccardi (Brown)
4:10 – 4:15 pm
4:15 – 4:50 pm
4:50 – 5:25 pm
Coffee Break
“Optimal tests for jumps in diffusion processes”
Yunfei Cao (Wash U)
“Spatial Tests for Racial Bias in the NYPD's Stop, Question & Frisk
Program”
Matthew Friedman (Wisconsin)
E) Decision Theory & Empirical Micro.
Chair: Brian Rogers (Wash U) Seigle Hall 248
3:00 – 3:35 pm
3:35 – 4:10 pm
“The Second-Tier Curse: Theory and Experimental Evidence”
Duk Gyoo Kim (Cornell)
“Preference for Flexibility and Random Choice: an Experimental Analysis”
John McNeill (Brown)
4:10 – 4:15 pm
4:15 – 4:50 pm
4:50 – 5:25 pm
Coffee Break
“Pareto Principle and Egalitarianism”
Inkee Jang (Wash U)
“Measuring the Role of Psychic Costs and Peers in Vaccine Take-up”
Ryoko Sato (Michigan)
4:45 – 5:05 pm, Coffee Break
5:05 – 6:50 pm, Afternoon Session II
A) Microeconomics. Chair: John Nachbar (Wash U)
Seigle Hall 306
5:05 – 5:40 pm
5:40 – 6:15 pm
6:15 – 6:50 pm
“Slutsky Matrix Norms and the Size of Bounded Rationality”
Aguiar Victor (Brown)
“Efficient Coalitional Bargaining with Non-contingent Offers”
Rakesh Chaturvedi (PSU)
“Dynamic Selection and Distributional Bounds on Search Costs in Models
of Dynamic Demand for Durable Goods”
Garrett Senney (OSU)
B) Labor Economics. Chair: Limor Golan (Wash U)
Seigle Hall 304
5:05 – 5:40 pm
5:40 – 6:15 pm
6:15 – 6:50 pm
“A Theory of Premarital Investments and Marriage Timing”
Hanzhe Zhang (Chicago)
“Partial and Complete Retirement: Understanding the Importance of
Pension Plan Heterogeneity”
Neha Bairoliya (Minnesota)
“The Effect of Media Coverage on Regulatory Compliance: Evidence from
Press Releases on Workplace Safety”
Matthew Johnson (Boston University)
C) International Economics. Chair: David Wiczer (St. Louis Fed)
Seigle Hall 305
5:05 – 5:40 pm
5:40 – 6:15 pm
6:15 – 6:50 pm
“Foreign Direct Investment Cycles and Intellectual Property Rights in
Developing Countries”
Yuan Wang (OSU)
“The UIP Puzzle at Short and Long Horizons”
Rosen Valchev (Duke)
“Comparative Advantage under Uncertainty Revisited”
Konstantin Kucheryavyy (PSU)
7:00 pm, Reception (Seigle Hall, 3rd Floor Spillway)