Programme
(All in Malaysia Time)
Programme in Pdf format (Please also see in Final Report of AMES 2021)
All sessions are accessible at https://eventpilotadmin.com/web/planner.php?id=AMES21. Your username is the email address that you used when you registered for the event in Conference Maker and your password is your last name matching EXACTLY the one that you entered when you registered.
June 24, 2021 (Thursday)
| 08:00 – 09:30 | Sargan Lecture I [Azeem Shaikh, University of Chicago] |
| 21:00 – 22:30 | Sargan Lecture II [Azeem Shaikh, University of Chicago] |
June 25, 2021 (Friday)
| 08:00 – 08:30 | Opening Ceremony |
| 08:30 – 09:15 | Presidential Address [Penny Goldberg, Yale University] |
| 09:15 – 09:30 | Coffee/Tea Break |
| 09:30 – 10:15 | Keynote Lecture I [Cheng Hsiao, University of Southern California] |
| 10:15 – 10:30 | Coffee/Tea Break |
| 10:30 – 12:00 | Contributed Sessions (AM04, AM05, AM15, AM22, AM25, AM28, AM34, AM42, AM45) |
| 12:00 – 13:00 | Lunch Break |
| 13:00 – 14:30 | Contributed Sessions (AS01, AS02, AS14, AS26, AS32, AS36, AZ01) |
| 14:30 – 14:45 | Coffee/Tea Break |
| 14:45 – 16:15 | Contributed Sessions (AS03, AS04, AS15, AS24, AS37, AS38, AZ02, EU22) |
| 16:15 – 16:30 | Coffee/Tea Break |
| 16:30 – 18:00 | Contributed Sessions (EU01, EU05, EU07, EU08, EU13, EU19, EU23, EU26) |
| 18:00 – 19:00 | Dinner Break |
| 19:00 – 20:30 | Contributed Sessions (AS18, AS20, AZ03, EU04, EU09, EU18, EU21) |
| 20:30 – 20:45 | Coffee/Tea Break |
| 20:45 – 22:15 | Contributed Sessions (AM06, AM07, AM18, AM19, AM23, AM30, AM31, AM38, AM44) |
| 22:15 – 23:00 |
Coffee/Tea Break |
June 26, 2021 (Saturday)
| 08:30 – 09:15 | Keynote Lecture II [Dilip Mookherjee, Boston University] |
| 09:15 – 09:30 | Coffee/Tea Break |
| 09:30 – 10:15 | Keynote Lecture III [Vincent Crawford, University of Oxford & University of California San Diego] |
| 10:15 – 10:30 | Coffee/Tea Break |
| 10:30 – 12:00 | Contributed Sessions (AM08, AM11, AM13, AM24, AM27, AM32, AM35, AM39, AM43) |
| 12:00 – 13:00 | Lunch Break |
| 13:00 – 14:30 | Contributed Sessions (AS05, AS06, AS16, AS19, AS23, AS25, AS33) |
| 14:30 – 14:45 | Coffee/Tea Break |
| 14:45 – 16:15 | Contributed Sessions (AS07, AS08, AS22, AS31, AS34, AS41, EU10) |
| 16:15 – 16:30 | Coffee/Tea Break |
| 16:30 – 18:00 | Contributed Sessions (AS09, AS10, AS17, AS30, EU11, EU14, EU15) |
| 18:00 – 19:00 | Dinner Break |
| 19:00 – 19:45 | Keynote Lecture VI [Serena Ng, Columbia University] |
| 19:45 – 20:00 | Coffee/Tea Break |
| 20:00 – 20:45 | Keynote Lecture V [Daron Acemoglu, Massachusetts Institute of Technology] |
| 20:45 – 21:00 | Coffee/Tea Break |
| 21:00 – 22:30 | Contributed Sessions (AM02, AM09, AM12, AM14, AM20, AM26, AM33, AM37, AM40, AM46) |
| 22:30 – 23:00 |
Coffee/Tea Break |
June 27 (Sunday)
| 08:30 – 09:15 | Keynote Lecture VI [Whitney Newey, Massachusetts Institute of Technology] |
| 09:15 – 09:30 | Coffee/Tea Break |
| 09:30 – 10:15 | Keynote Lecture VII [Guido Imbens, Stanford University] |
| 10:15 – 10:30 | Coffee/Tea Break |
| 10:30 – 12:00 | Contributed Sessions (AM01, AM03, AM10, AM16, AM17, AM21, AM29, AM36, AM41) |
| 12:00 – 13:00 | Lunch Break |
| 13:00 – 14:30 | Contributed Sessions (AS11, AS12, AS21, AS27, AS35, AS40, AZ05) |
| 14:30 – 14:45 | Coffee/Tea Break |
| 14:45 – 16:15 | Contributed Sessions (AS13, AS28, AS39, AZ04, EU03, EU12, EU20) |
| 16:15 – 16:30 | Coffee/Tea Break |
| 16:30 – 18:00 | Contributed Sessions (AS29, EU02, EU06, EU16, EU17, EU24, EU25) |
| 18:00 – 19:00 | Dinner Break |
| 19:00 – 19:45 | Keynote Lecture VIII [Bruce Hansen, University of Wisconsin-Madison] |
| 19:45 – 20:00 | Coffee/Tea Break |
| 20:00 – 20:45 | Chow Lecture [Robert Shiller, Yale University] |
| 20:45 – 21:00 | Closing Ceremony |
Keynote Lectures and Opening/Closing Ceremonies
June 24, 2021 (Thursday)
8:00 – 9:30 Sargan Lecture I
Inference for Ranks with Applications
Azeem Shaikh, University of Chicago
Chair: Siong Hook Law, Universiti Putra Malaysia
21:00 – 22:30 Sargan Lecture II
Inference for Large-Scale Linear Systems with Known Coefficients
Azeem Shaikh, University of Chicago
Chair: Evan Lau, Universiti Malaysia Sarawak
June 25, 2021 (Friday)
8:00 – 8:30 Opening Ceremony
Pinelopi Koujianou Goldberg (Yale University), President, the Econometric Society
Simon Leunig (Curtin University Malaysia), Pro Vice-Chancellor and President & Chief Executive of Curtin University Malaysia
Dilip Mookherjee (Boston University), Chair of the Asia Regional Standing Committee and Econometric Society Executive Committee member
Chair: Yongmiao Hong, University of Chinese Academy of Sciences
8:30 – 9:15 Presidential Address
Demand-side Constraints in Development: The Role of Market Size, Trade, and (In)equality
Pinelopi Koujianou Goldberg, Yale University
Chair: Yongmiao Hong, University of Chinese Academy of Sciences
9:30 – 10:15 Keynote Lecture I
Panel Interactive Effects Models
Cheng Hsiao, University of Southern California
Chair: Jun Yu, Singapore Management University
June 26 (Saturday)
8:30 – 9:15 Keynote Lecture II
Growth, Automation, and the Long-Run Share of Labor
Dilip Mookherjee, Boston University
Chair: Kong-Pin Chen, Institute of Economics, Academia Sinica
9:30 – 10:15 Keynote Lecture III
Meaningful Theorems: Nonparametric Analysis of Reference-Dependent Preferences
Vincent Crawford, University of Oxford & University of California San Diego
Chair: Farshid Vahid, Monash University
19:00 – 19:45 Keynote Lecture VI
Factor based Imputation of Missing Values
Serena Ng, Columbia University
Chair: Yue Ma, City University of Hong Kong
20:00 – 20:45 Keynote Lecture V
Automation, Tasks and the Future of Labor
Daron Acemoglu, Massachusetts Institute of Technology
Chair: Tadashi Sekiguchi, Kyoto University
June 27 (Sunday)
8:30 – 9:15 Keynote Lecture VI
Automatic Debiased Machine Learning
Whitney Newey, Massachusetts Institute of Technology
Chair: Liangjun Su, Tsinghua University
9:30 – 10:15 Keynote Lecture VII
Causal Panel Data Models
Guido Imbens, Stanford University
Chair: Songnian Chen, The Hong Kong University of Science and Technology
19:00 – 19:45 Keynote Lecture VIII
Developments in Finite Sample and Exact Inference
Bruce Hansen, University of Wisconsin-Madison
Chair: Liyan Yang, University of Toronto
20:00 – 20:45 Chow Lecture
The Economic Impact of Contagious Narratives
Robert Shiller, Yale University
Chair: Penny Goldberg, Yale University
20:45 – 21:00 Closing Ceremony
Pinelopi Koujianou Goldberg (Yale University), President, the Econometric Society
Atsushi Kajii (Kwansei Gakuin University), Secretary of the Asia Regional Standing Committee
Simon Leunig (Curtin University Malaysia), Pro Vice-Chancellor and President & Chief Executive of Curtin University Malaysia
Chair: Yongmiao Hong, University of Chinese Academy of Sciences
Contributed Sessions
(* Presenter)
Macroeconomic Risk
AM01: Macroeconomic Risk (Chair: Aleksei Chernulich)
ROC Approach to Forecasting Recessions using Daily Yield Spreads (355)
Kajal Lahiri*; University at Albany – State University of New York
Cheng Yang; Liaoning University
Using FOMC Meetings Transcripts for Forecasting Federal Funds Rates (521)
Eamon McGinn; University of Technology Sydney
Aleksei Chernulich*; New York University Abu Dhabi
Mengheng Li; University of Technology Sydney
The Credit Channel of Monetary Policy Before and After the ZLB: Evidence from the US Equity Market. (578)
Mira Farka*; California State University, Fullerton
Stock Market/Microstructure/Volatility
AM02: Analysis of Stock Market (Chair: Peter Lerner)
Dual State-Space Model of Market Liquidity: The Chinese Experience 2009-2010 (46)
Peter Lerner*; Wenzhou Kean University (ret.) & Anglo-American University
The good, the bad and the asymmetric: Evidence from a new conditional density model (417)
Dmitry Malakhov; Higher School of Economics
Andreï Kostyrka*; University of Luxembourg
Networks and Business Cycles (599)
Yucheng Yang; Princeton University
Wu Zhu*; University of Pennsylvania
A General Equilibrium Model of Dynamic Reference Dependence (462)
Hyeon Park*; Manhattan College
Development Economics
AM03: Rural Economics (Chair: Serguei Maliar)
Free Power, Irrigation and Groundwater Depletion: Impact of the Farm Electricity Policy of Punjab, India (25)
Disha Gupta*; Delhi School of Economics
Newborns during the Crisis: Evidence from the 1980s’ Farm Crisis (110)
Chan Yu*; University of International Business and Economics
Deep Learning Classification: Modeling Discrete Labor Choice (512)
Lilia Maliar; The Graduate Center, The City University of New York
Serguei Maliar*; Santa Clara University
Selective Accumulation of Ideas: Accounting for the Decline in Entry Rate (415)
Dohyeon Lee*; University of California, Santa Cruz
Applied Econometrics
AM04: Poverty in Rural South Asia (Chair: Nicholas Lawson)
Optimal Basic Income for India (92)
Nicholas Lawson*; Université du Québec à Montréal
Dean Spears; The University of Texas at Austin
Dowries, Resource Allocation, and Poverty (268)
Rossella Calvi; Rice University
Ajinkya Keskar*; Rice University
Enter stage left: immigration and the creative arts in America (325)
Kanatip Winichakul; University of Pittsburgh
Ning Zhang*; University of Pittsburgh
Consequences of Cambodian Refugees (492)
Katsuo Kogure; University of Aizu
Masahiro Kubo*; Brown University
AM05: Identification in Social Interaction (Chair: Ivan Mendieta-Munoz)
Identification and Estimation of Social Interactions in Endogenous Peer Groups (437)
Shuyang Sheng*; University of California, Los Angeles
Xiaoting Sun; Simon Fraser University
Bayesian analysis of structural correlated unobserved components and identification via heteroskedasticity (50)
Ivan Mendieta-Munoz*; University of Utah
Containing the COVID-19 Pandemic: What Determined the Speed of Government Interventions? (442)
Iulia Siedschlag; The Economic and Social Research Institute
Weijie Yan*; The Economic and Social Research Institute
What drives trends in employment to population ratios? (432)
Huiyu Li*; Federal Reserve Bank of San Francisco
Nicolas Petrosky-Nadeau; Federal Reserve Bank of San Francisco
AM06: Social Network and Dependence (Chair: Jiawei Chen)
Diffusion Processes with Private Network Information (551)
Yiran Xie*; University of California, Los Angeles
Home Types, Swinging Construction and Housing Prices (114)
Hongfei Sun; Queen’s University
Shaofeng Xu*; Renmin University of China
Sources of State Dependence in Brand Choices: Learning vs. Switching Costs (129)
Nahyeon Bak; Amazon.com
Daisoon Kim*; North Carolina State University
An Empirical Model of the Effects of “Bill Shock” Regulation in Mobile Telecommunication Markets (223)
Jiawei Chen*; University of California, Irvine
Lai Jiang; University of California, Irvine
Saad Andalib Syed Shah; University of California, Irvine
AM07: Endogeneity and Identification (Chair: Carolina Caetano)
Using Monotonicity Restrictions to Identify Models with Partially Latent Covariates (350)
Minji Bang; University of Pennsylvania
Wayne Gao*; University of Pennsylvania
Andrew Postlewaite; University of Pennsylvania
Holger Sieg; University of Pennsylvania
Correcting for Endogeneity in Models with Bunching (358)
Carolina Caetano*; University of Georgia
Gregorio Caetano; University of Georgia
Eric Nielsen; Federal Reserve Board
Scoring a Touchdown with Variable Pricing: Evidence from a Quasi-Experiment in the NFL Ticket Markets (433)
Hayri Arslan*; University of Texas at San Antonio
Ovunc Yilmaz; University of Colorado Boulder
Competing for Time: A Study of Mobile Applications (531)
Han Yuan*; The University of Arizona
AM08: Trade Issues (Chair: Priyam Verma)
Optimal Infrastructure after Trade Reform in India (17)
Priyam Verma*; University of Houston
Trade Adjustment: Establishment-Level Evidence (318)
Ziho Park*; University of Chicago
Import Competition and Firms’ Internal Networks: An Establishment-level Analysis (351)
Vladimir Smirnyagin*; Yale University
Financial Constraints, Innovation Quality, and Growth (394)
Yu Cao*; World Bank Group
AM09: Social Communication (Chair: Hitoshi Shigeoka)
Individual Choice under Social Influence (130)
Boyao Li*; New York University
Lying Aversion and Vague Communication: An Experimental Study (273)
Guangying Chen; Washington University in St. Louis
Keh-Kuan Sun*; Washington University in St. Louis
Unacknowledged Heterogeneity in Communication (340)
Kyle Chauvin*; Harvard University
Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles (535)
Mika Akesaka; Osaka University
Peter Eibich; Max Planck Institute for Demographic Research
Chie Hanaoka; Toyo University
Hitoshi Shigeoka*; Simon Fraser University and NBER
AM10: Firm Level Analysis (Chair: Liuchun Deng)
Robot Adoption at German Plants (119)
Liuchun Deng*; Yale-NUS College
Verena Pluempe, Halle Institute for Economic Research
Jens Stegmaier, Institute for Employment Research
Spillovers and Redistribution through Intra-Firm Networks: The Product Replacement Channel (37)
Jay Hyun*; HEC Montréal
Ryan Kim; Johns Hopkins University
Migration, Housing Constraints, and Inequality: A Quantitative Analysis of China (150)
Min Fang*; University of Rochester
Unilateral Divorce, Assortative Mating, and Household Income Inequality (506)
Sitian Liu*; Queen’s University
AM11: Distributional Approach (Chair: Gloria Gonzalez-Rivera)
Algorithmic Subsampling under Multiway Clustering (288)
Harold Chiang; University of Wisconsin-Madison
Jiatong Li*; Vanderbilt University
Yuya Sasaki; Vanderbilt University
Dispersion in Financing Costs and Development (582)
Tiago Cavalcanti; University of Cambridge
Joseph Kaboski*; University of Notre Dame
Bruno Martins; Banco Central do Brasil
Cezar Santos; Banco de Portugal and FGV EPGE
Distribution-Dependent Value of Money: A Coalition-Proof Approach to Monetary Equilibrium (161)
Suk Lee*; Bank of Korea
Expecting the unexpected: economic growth under stress (347)
Gloria Gonzalez-Rivera*; University of California, Riverside
Vladimir Rodriguez-Caballero; ITAM & CREATES
Esther Ruiz; Universidad Carlos III de Madrid
AM12: Experimental Design and Applications (Chair: Yunus Aybas)
Algorithm is Experiment: Machine Learning, Market Design, and Policy Eligibility Rules (293)
Yusuke Narita*; Yale University
Kohei Yata; Yale University
Global sales, international currencies and the currency denomination of debt (210)
Riccardo Colacito; University of North Carolina at Chapel Hill
Yan Qian*; University of North Carolina at Chapel Hill
Andreas Stathopoulos; University of North Carolina at Chapel Hill
A tale of gold and blood: The unintended consequences of gold-market regulation on local violence (472)
Leila A R Pereira*; Insper
Rafael Pucci; Insper
Persuasion with Coarse Communication (144)
Yunus Aybas*; Stanford University
Eray Turkel; Stanford University
Econometric Theory
AM13: Robust Approach and Applications (Chair: Claudia Moise)
Housing Collateral Reform and Economic Reallocation (511)
Dimas Fazio*; National University of Singapore
Thiago Silva; Central Bank of Brazil
Improved Estimation by Simulated Maximum Likelihood (488)
Kirill Evdokimov; Universitat Pompeu Fabra
Ilze Kalnina*; North Carolina State University
High-Frequency Arbitrage and Market Illiquidity (282)
Claudia Moise*; Duke University, Fuqua School of Business
Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus (384)
David Zhang*; Harvard Business School
Paul Willen; Federal Reserve Bank of Boston
AM14: Nonparametric Regressions and Applications (Chair: Daniel Henderson)
A Note on Endogeneity Resolution in Regression Models for Comparative Studies (39)
Ravi Kashyap*; City University of Hong Kong
Simulation-based estimation with many auxiliary statistics applied to long-run dynamic analysis (542)
Bertille Antoine; Simon Fraser University
Wenqian Sun*; Simon Fraser University
Model free difference-in-differences with confounders (466)
Daniel Henderson*; University of Alabama
Stefan Sperlich; Universite de Geneve
Spatial dynamic differential game models: a leader and followers with multiple activities (524)
Hanbat Jeong*; The Ohio State University
Lung-fei Lee; Ohio State University
AM15: Model Detection and Testing (Chair: Florian Richard)
Why Does Structural Change Accelerate in Recessions? The Credit Reallocation Channel (14)
Cooper Howes*; Federal Reserve Bank of Kansas City
IV Models with Missing Outcomes and Treatments, with Application to Oregon Health Insurance Experiment (235)
Shenshen Yang*; University of Texas at Austin
The Partial Monotonicity Parameter: A Generalization of Regression Monotonicity (345)
Scott Kostyshak*; University of Florida
Ye Luo; University of Hong Kong
Simulation-based multiple testing for many non-nested multivariate models (479)
Lynda khalaf; Carleton University
Florian Richard*; Carleton University
AM16: Estimation and Inferences (Chair: Soonwoo Kwon)
Shape Constrained Kernel PDF and PMF Estimation (67)
Christopher Parmeter*; University of Miami
Jeffrey Racine; McMaster University
Endogeneity in Modal Regression (232)
Tao Wang*; University of California at Riverside
Inference in Regression Discontinuity Designs under Monotonicity (577)
Koohyun Kwon; Yale University
Soonwoo Kwon*; Yale University
Robust Conditional Kurtosis and the Cross-Section of International Stock Returns (502)
Ruifeng Liu*; University of Guelph
Alex Maynard; University of Guelph
Ilias Tsiakas; University of Guelph
Corporate Finance
AM17: Investment and Banking (Chair: Dan Luo)
Financing With Investor Syndicates (392)
Dan Luo*; Stanford University
Group Identity and Agency Frictions: Evidence using Big Data (71)
Jitendra Aswani*; Fordham University
Selling Bubbles (176)
Leifu Zhang*; Washington University in St. Louis
Does the Internet Replace Brick-and-Mortar Bank Branches? (198)
Minhae Kim*; Ohio State University
AM18: Credit and Asset Pricing (Chair: David Rappoport)
NIMBYs and Credit Supply (241)
Seyit Gokmen*; University of Birmingham
Danny McGowan; University of Birmingham
Tianshu Zhao; Birmingham business school
Deep Learning for Conditional Asset Pricing Models (336)
Hongyi Liu*; Washington University in St. Louis
Optimal Design of Funding for Lending Programs (562)
David Arseneau; Federal Reserve Board
David Rappoport*; Federal Reserve Board
Best Laid Plans: Economic Consequences of Shadow Banking Crackdown (427)
Bo Jiang*; George Washington University
Applied Microeconomic Theory
AM19: Contracts and Incentives (Chair: Fernando Ferreira)
The Organization of Innovation: Incomplete Contracts and the Outsourcing Decision (22)
Thomas Jungbauer*; Cornell University
Sean Nicholson; Cornell University
June Pan; VISA
Michael Waldman; Cornell University
The Valuation of Local Government Spending: Gravity Approach and Aggregate Implications (33)
Wookun Kim*; Southern Methodist University
On the Role of Learning, Human Capital, and Performance Incentives for Wages (398)
Braz Camargo; Sao Paulo School of Economics – FGV
Fabian Lange*; McGill University
Elena Pastorino; Stanford University
Estimating Preferences for Neighborhood Amenities Under Imperfect Information (407)
Fernando Ferreira*; The Wharton School, University of Pennsylvania, & NBER
Maisy Wong; University of Pennsylvania
AM20: Discrete Choice and Applications (Chair: David Ovadia)
Information and Communication Technology and Firm Geographic Expansion (416)
Xian Jiang*; Duke University
The Human Side of Cyber Property Rights: Theory and Evidence from Github (423)
Pengfei Zhang*; Cornell University
Deception, Demand, and Social Welfare: A Discrete Choice Approach (507)
David Ovadia*; Federal Trade Commission (USA)
Unity in Diversity: How Norms of Compromise Enable Cooperation (532)
Saumya Deojain*; Washington University in St Louis
AM21: Game and Applications (Chair: Gregorio Caetano)
Growing Influence (459)
Zheng Gong*; University of Toronto
The effect of advertising on voting & abstention – Analysis using Dirichlet Regression (467)
Osama Khan*; University of Rochester
Gacha Game: Selling a Unit Good to a Prospect Theory Consumer (295)
Tan Gan*; Yale University
A Unified Empirical Framework to Study Segregation (362)
Gregorio Caetano*; University of Georgia
Vikram Maheshri; University of Houston
AM22: Endogeneity and Heterogeneity (Chair: Francisco Garrido)
Optimal Allocations to Heterogeneous Agents with an Application to the COVID-19 Stimulus Checks (544)
Vegard Nygaard; University of Houston
Bent Sorensen; University of Houston
Fan Wang*; University of Houston
Matching Mechanisms, Justified Envy, and College Admissions Outcomes (584)
Yang Song*; Colgate University
Mergers Between Multi-Product Firms With Endogenous Products: Theory and an Application to the RTE-Cereal Industry (156)
Francisco Garrido*; ITAM
Information Transparency of Firm Financing (587)
Antoine Noël; Queen’s University
Hongfei Sun*; Queen’s University
Financial Market
AM23: Quantile Regression and Applications (Chair: Grakolet Gourène)
Attention Allocation and Uncertainty Contagion (257)
Zu Yao Hong*; University of Maryland, College Park
Are mobile money and financial accounts complementary? Evidence from the WAEMU region (84)
Grakolet Gourène*; Université Jean Lorougnon Guédé
The Tradeoff between Discrete Pricing and Discrete Quantities: Evidence from S.-listed Firms (455)
Sida Li; University of Illinois at Urbana-Champaign
Mao Ye*; University of Illinois at Urbana-Champaign
The Identifying Information in the Forecast Error Variance: an Application to Endogenous and Heterogeneous Uncertainty and its Relationship with Financial Shocks (184)
Alessio Volpicella*; University of Surrey
Andrea Carriero; Queen Mary Univerity of London
AM24: Financial Expectations (Chair: Keisuke Teeple)
Expectation Anchoring and Brownian Motion in Financial Markets (20)
Keisuke Teeple*; University of California Davis
Bank Runs, Bank Competition and Opacity (52)
Toni Ahnert*; Bank of Canada and CEPR
David Martinez-Miera; Universidad Carlos III
The Power of Love: Emotional Support and Financial Hardship (83)
Da Ke*; University of South Carolina
Imperfect Exchange Rate Expectations (197)
Giacomo Candian; HEC Montréal
Pierre De Leo*; University of Maryland
AM25: Financial Network (Chair: Chaoran Chen)
Finance, Endogenous TFP, and Misallocation (49)
Chaoran Chen*; York University
Ashique Habib; IMF
Xiaodong Zhu; University of Toronto
Applications of Markov Chain Approximation Methods to Optimal Control Problems in Economics (406)
Thomas Phelan*; Federal Reserve Bank of Cleveland
Optimally Targeting Interventions in Networks during a Pandemic (356)
Roland Pongou; University of Ottawa
Guy Tchuente; University of Kent
Jean-Baptiste Tondji*; The University of Texas Rio Grande Valley
Network Structure and Efficiency Gain from Mergers: Evidence from the U.S. Freight Railroads (418)
Yanyou Chen*; University of Toronto
AM26: Risk Analysis (Chair: Gergely Horvath)
Private Overborrowing under Sovereign Risk (276)
Fernando Arce Munoz*; University of Minnesota
Kill Zone or Opportunities? Aggregate Impact of Rising Intangibles on Productivity and Innovation (298)
Shihan Shen*; University of California, Los Angeles
The impact of taste-based discrimination and pay transparency on job search behavior: An experimental analysis (97)
Gergely Horvath*; Duke Kunshan University
Expectile Regression Based Decomposition (316)
Abdoul Aziz Ndoye*; University of Orleans- Laboratoire d’Economie d’Orléans
Macroeconomic Dynamics
AM27: Macroeconomic Dynamic and Aggregate Theory (Chair: Tamon Asonuma)
Flattening of the Phillips Curve: Causes and Their Policy Implications (440)
Chen Kan*; University of Rochester
Fiscal Expenditure Consolidation and Sovereign Debt Relief: Front-loaded or Back-loaded (482)
Tamon Asonuma*; International Monetary Fund
Hyungseok Joo; University of Surrey
Innovator Heterogeneity, R&D Misallocation and the Productivity Growth Slowdown (202)
Stephen Ayerst*; International Monetary Fund
A real theory of aggregate demand shortages (405)
Dan Cao; Georgetown University
Ehsan Ebrahimy*; International Monetary Fund
AM28: Macroeconomic Dynamic Analysis (Chair: Yucheng Yang)
Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments (66)
Nicolás de Roux; Universidad de los Andes
Marcela Eslava; Universidad de Los Andes
Santiago Franco*; University of Chicago
Eric Verhoogen; Columbia University
The Knowledge Graph for Macroeconomic Analysis with Alternative Big Data (596)
Yucheng Yang*; Princeton University
The “Matthew Effect” and Market Concentration: Search Complementarities and Monopsony Power (93)
Jesus Fernandez-Villaverde; University of Pennsylvania
Federico Mandelman*; Federal Reserve Bank of Atlanta
Yang Yu; Shanghai University of Finance and Economics
Francesco Zanetti; University of Oxford
Judicial Quality, Efficiency, and Firm Boundary Decisions (505)
Mengxiao Liu*; Syracuse University
AM29: Macroeconomic Dynamic and Credit (Chair: Yinxi Xie)
Credit Condition, Inflation and Unemployment (280)
Liang Wang*; University of Hawaii Manoa
Consumer Durables and the Distributional Effects of Credit Supply Shocks (369)
Mengli Sha*; the Pennsylvania State University
The Wedge of the Century: Understanding a Divergence between CPI and PPI Inflation Measures (508)
Yinxi Xie*; Bank of Canada
Pulled down by the state: the effect of sovereign shocks on banks’ health in the European sovereign crisis (328)
Caterina Rho*; Banco de Mexico
AM30: Dynamic Production (Chair: Piyush Panigrahi)
Multinational production and global shock propagation during the Great Recession (453)
Haishi Li*; University of Chicago
Sectoral Fiscal Multipliers and Technology in Open Economy (428)
Olivier Cardi*; Lancaster University Management School
Endogenous Spatial Production Networks: Quantitative Implications for Trade and Productivity (108)
Piyush Panigrahi*; University of California, Berkeley
An Essay on Market Concentration and Economic Cyclicality (109)
Ke Chao*; Washington University in St. Louis
Monetary Policy
AM31: Sovereign Debt and Risk (Chair: Massimo Morelli)
Sovereign Debt Sustainability and Redistribution (274)
Monica Tran-Xuan*; University at Buffalo
Private Fiscal Information and Sovereign Default Risk (289)
Siming Liu; Shanghai University of Finance and Economics
Ruoyun Mao*; Grinnell College
Hewei Shen; University of Oklahoma
Diagnostic Expectations and Macroeconomic Volatility (245)
Jean-Paul L’Huillier*; Brandeis University
Sanjay Singh; University of California, Davis
Donghoon Yoo; Osaka University
Complexity and the Reform Process (40)
Dana Foarta; Stanford Graduate School of Business
Massimo Morelli*; Bocconi University
AM32: Monetary Policy and Network (Chair: Patrick Kehoe)
Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach (465)
Wenting Song*; University of Michigan
Samuel Stern; University of Michigan
The Effects of the Minimum Wage in the Short and in the Long Run (386)
Erik Hurst; University of Chicago
Patrick Kehoe*; Stanford University
Elena Pastorino; Stanford University
Thomas Winberry; University of Pennsylvania
Distilling network effects from Steam (346)
Jose Tudon*; ITAM
The Rise of a Network: Spillover of Political Patronage and Cronyism to the Private Sector (401)
Terry Moon*; University of British Columbia
David Schoenherr; Princeton University
AM33: Monetary Policy and Uncertainty (Chair: Galip Ozhan)
Interest Rate Uncertainty as a Policy Tool? (118)
Galip Ozhan*; Bank of Canada
Distribution of Market Power and Monetary Policy (499)
Yumeng Gu*; University of California, Davis
Sanjay Singh; University of California, Davis
Loan market power and monetary policy passthrough under low interest rates (368)
Mengbo Zhang*; University of California, Los Angeles
Fiscal and Monetary Policy Interactions in a Model with Low Interest Rates (388)
Jianjun Miao; Boston University
Dongling Su*; Boston University
AM34: Monetary Policy and Risk Transmission (Chair: Gaston Chaumont)
Household Savings and Monetary Policy under Individual and Aggregate Stochastic Volatility (518)
Yuriy Gorodnichenko; University of California, Berkeley
Lilia Maliar*; The Graduate Center, The City University of New York
Serguei Maliar; Santa Clara University
Christopher Naubert; The Graduate Center, The City University of New York
Sovereign Debt, Default Risk, and the Liquidity of Government Bonds (277)
Gaston Chaumont*; University of Rochester
Forecasting the U.S. Dollar in the 21st Century (213)
Charles Engel; University of Wisconsin
Steve Pak Yeung Wu*; University of British Columbia
Bank Risk-Taking and Monetary Policy Transmission: Evidence from China (342)
Xiaoming Li; Shanghai Advanced Institute of Finance
Zheng Liu*; Federal Reserve Bank of San Francisco
Yuchao Peng; Central University of Finance and Economics,
Zhiwei Xu; Shanghai Jiaotong University
Labor Economics
AM35: Labor Issue and Housing Market (Chair: Aram Grigoryan)
Trends in Labor Supply of Older Men and the Role of Social Security (537)
Zhixiu Yu*; University of Minnesota
School Choice and Housing Market (101)
Aram Grigoryan*; Duke University
Peer Effects, Parental Migration and Children’s Human Capital: A Spatial Equilibrium Analysis in China (149)
Zibin Huang*; University of Rochester
AM36: Unemployment Benefits (Chair: Jaya Wen)
Til Dowry Do Us Part: Bargaining and Violence in Indian Families (495)
Rossella Calvi*; Rice University
Ajinkya Keskar; Rice University
The Political Economy of State Employment and Instability in China (61)
Jaya Wen*; Harvard Business School
Do Greater Unemployment Benefits Lead to Better Matches? Evidence from Emergency Unemployment Compensation Programs (62)
Sung Ah Bahk*; American University
Is Gender Destiny? Gender Bias and Intergenerational Educational Mobility in India (63)
Hanchen Jiang*; University of North Texas
Forhad Shilpi; World Bank Group
Treatment Effect
AM37: Treatment Effects and Applications (Chair: Sukjin Han)
Preschool and Child Health: Evidence from China’s Subsidized Child Care Program (566)
Meiqing Ren*; University of Illinois at Chicago
Synthetic Control Method and Stationarity: Estimating the Effect of the Inter-Korean Rapprochement on the Housing Price of a Chinese Border City (189)
Jiaxuan Lu*; University of Southern California
Sharp Bounds on Treatment Effects for Policy Evaluation (366)
Sukjin Han*; University of Bristol
Shenshen Yang; University of Texas at Austin
On Local Projection Based Inference (224)
Ke-Li Xu*; Indiana University
International Finance
AM38: Correlation and Investment (Chair: Jonathan Hoddenbagh)
Lobbying, Trade, and Endogenous Misallocation (565)
Jaedo Choi*; University of Michigan
A New Test of Central Bank Independence & Fiscal Dominance (454)
Jonathan Hoddenbagh*; Johns Hopkins University
Intangible Investment during Sovereign Debt Crisis: Firm-level Evidence (324)
Minjie Deng; Simon Fraser University
Chang Liu*; University of Rochester
Correlation made simple: Applications to Salience and Regret Theory (523)
Giacomo Lanzani*; Massachusettes Institute Technology
Machine Learning
AM39: Machine Learning and Applications (Chair: Andrii Babii)
Binary Choice with Asymmetric Loss in a Data-Rich Environment: Theory and an Application to Racial Justice (15)
Andrii Babii*; University of North Carolina at Chapel Hill
Robust Forecasting (42)
Timothy Christensen; New York University
Hyungsik Roger Moon*; University of Southern California
Frank Schorfheide; University of Pennsylvania
Inference using Nuclear-norm Penalized Estimator and Its Applications (261)
Jungjun Choi*; Rutgers University
Hyukjun Kwon; Rutgers University
After COVID 19, Automation (125)
Alejandro Micco*; University of Chile
Insurance Policies
AM40: Unemployment Insurance (Chair: Bulent Guler)
Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties (387)
Klaus-Peter Hellwig*; International Monetary Fund
Do Automatic Stabilizers Really Stabilize? Evidence from Unemployment Insurance Policies and Housing Market (349)
Yavuz Arslan; BIS
Ahmet Degerli; Duke University
Bulent Guler*; Indiana University Bloomington
Gazi Kabas; University of Zurich and Swiss Finance Institute
Burhanettin Kuruscu; University of Toronto
Gender Gaps in Time Use and Entrepreneurship (558)
Lin Shao*; Bank of Canada
Pedro Bento; Texas A&M University
Faisal Sohail; University of Melbourne
Growing Apart: Declining Within- and Across-Locality Insurance in Rural China (256)
Orazio Attanasio; Yale University
Costas Meghir; Yale University
Corina Mommaerts; University of Wisconsin-Madison
Yu Zheng*; Queen Mary University of London
Tax Issues
AM41: Analysis of Tax Issues (Chair: Eva Carceles-Poveda)
Tax Compliance, Payment Choice, and Central Bank Digital Currency (120)
Zijian Wang*; University of Western Ontario
Non Linear Dividend Taxation and Shareholder Disagreement (530)
Alexis Anagnostopoulos; Stony Brook University
Eva Carceles-Poveda*; The State University of New York at Stony Brook
Gabriel Mihalache; The State University of New York at Stony Brook
A Model of Anticipated Consumption Tax Changes (310)
Masashi Hino*; The Ohio State University
Game Theory
AM42: Contract and Bargain (Chair: Lester Chan)
Information Obfuscation (177)
Shuo Xu*; The Ohio State University
Weight-Ranked Divide-and-Conquer Contracts (205)
Lester Chan*; Boston University
Robust Predictions in Coasian Bargaining (220)
Heng Liu*; University of Michigan
A Multi-Agent Model of Misspecified Learning with Overconfidence (373)
Cuimin Ba; University of Pennsylvania
Alice Gindin*; University of Pennsylvania
AM43: Nash Game and Contract (Chair: Christopher Sandmann)
The Crisis of Expertise (248)
Allen Vong*; Yale University
Free-Riding Under Joint Liability (272)
Boli Xu*; Northwestern University
Flows and Performance with Optimal Money Management Contracts (385)
Stefano Pegoraro*; University of Notre Dame
Probabilistic Assortative Matching under Nash Bargaining (400)
Nicolas Bonneton; Toulouse School of Economics
Christopher Sandmann*; Princeton University
AM44: Game and Bargain (Chair: Ming Li)
A unified approach to p-dominance and its generalizations in games with strategic complements and substitutes (469)
Anne-Christine Barthel; West Texas A&M University
Eric Hoffmann; West Texas A&M University
Tarun Sabarwal*; University of Kansas
Collective Decision Through an Intermediary (471)
Yunan Li; City University of Hong Kong
Xingtan Zhang*; University of Colorado Boulder
Mandatory disclosure of conflicts of interest: Good news or bad news? (553)
Ming Li*; Concordia University
Ting Liu; Stony Brook University
The Consensus Bargaining Solution (585)
Xiangliang Li*; Yale University
Time Series Analysis
AM45: Time Series Analysis (Chair: Luiggi Donayre)
Advances in Nowcasting Economic Activity (99)
Juan Antolin-Diaz; London Business School
Thomas Drechsel*; University of Maryland
Ivan Petrella; University of Warwick
Estimation of Short-run Predictive Factor for US Growth using State Employment Data (141)
Arabinda Basistha*; West Virginia University
Hamilton versus Hamilton: Spurious Nonlinearities (204)
Luiggi Donayre*; University of Minnesota – Duluth
Inference for High-Dimensional Exchangeable Arrays (370)
Harold Chiang*; University of Wisconsin-Madison
Kengo Kato; Cornell University
Yuya Sasaki; Vanderbilt University
AM46: Forecasting and Testing (Chair: Mikhail Dmitriev)
Optimal Forecast under Structural Breaks (420)
Tae-hwy Lee, University of California, Riverside
Shahnaz Parsaeian*; University of Kansas
Aman Ullah, University of California, Riverside
A Time-Varying Endogenous Random Coefficient Model with an Application to Production Functions (142)
Ming Li*; Yale University
Spurious VARs and DSGEs: A Dynamic Test for Economic Models (546)
Manoj Atolia; Florida State University
Mikhail Dmitriev*; Florida State University
Interacting Cascades: An Experiment on Inter-Group Information Spillovers (38)
James Fisher*; United Services Automobile Association
John Wooders; New York University Abu Dhabi
Applied Econometrics
AS01: Innovation Issues and Economic Impact (Chair: Ce Matthew Shi)
Can Soft Law Improve the Welfare of Sexual Minorities? The Case of Same-sex Partnership Policy in Japan (75)
Yuri Sugiyama*; Hitotsubashi University
Research Exemption and Pharmaceutical Innovation: Evidence from China (525)
Ce Matthew Shi*; The Chinese University of Hong Kong
Yucong Zhao; Zhejiang University
Innovation, Corporate Governance and Market Concentration: An Analysis of Indian Manufacturing Firms (284)
Sukhdeep Singh*; Institute of Development Studies Kolkata
Indrani Chakraborty; Institute of Development Studies Kolkata
Economic Impact of the Most Drastic Lockdown During COVID-19 Pandemic—the Experience of Hubei, China (243)
Xiao Ke*; Hubei University of Economics
Cheng Hsiao; University of Southern California
AS02: Evaluation of Social Program (Chair: Wei Jin)
Housing and Consumption Volatility (167)
Wonmun Shin*; Sejong University
Effects of a Per-Bag Trash Collection Fee Program: Evidence from a Synthetic Control Method (569)
Po-Chun Huang*; National Chengchi University
Learning Levels of Children from Short-Term Migrant Families: Evidence from Rural India (5)
Leena Bhattacharya*; Indira Gandhi Institute of Development Research
Do We Still Need Carbon-Intensive Capital When Transitioning to a Green Economy? (573)
Wei Jin*; Tianjin University
AS03: Experimental Design and Supply Chain (Chair: Jonathan Newton)
The Incentive Effect of Coarse and Refined Reporting: Theory and Experiment (131)
Yukihiko Funaki; Waseda University
Edward Halim; Nanyang Technological University
Michiko Ogaku*; Nagasaki University
Yohanes Riyanto; Nanyang Technological University
Social Pressures in the one-shot Prisoner’s Dilemma (231)
Yosuke Hashidate*; Waseda University
Geographic diversity in economic publishing (311)
Simon Angus; Monash University
Kadir Atalay; University of Sydney
Jonathan Newton*; Kyoto University
David Ubilava; University of Sydney
Technology Training, Buyer-Supplier Linkage, and Quality Upgrading in an Agricultural Supply Chain (221)
Sangyoon Park; University of Hong Kong
Zhaoneng Yuan*; University of Hong Kong
Hongsong Zhang; University of Hong Kong
AS04: Social Issues (Chair: Melati Nungsari)
Using Drawings to Understand Entrepreneurial Intention Amongst Youth in Malaysia (579)
Melati Nungsari*; Asia School of Business
Infrastructure Investments, Schooling, and Structural Transformation in Development: Evidence from Multi-Generation Tracking Survey in the Philippines (211)
Soyoung Kim; University of Tokyo
Yuki Higuchi; Sophia University
Kei Kajisa; Aoyama Gakuin University
Yasuyuki Sawada*; Asian Development Bank
Reference Dependence and Monetary Incentives: Evidence from Major League Baseball (305)
Reio Tanji*; Osaka University
Disclosure in Epidemics. (123)
Ju Hu*; Peking University
Zhen Zhou; New York University
AS05: Production and Sale Analysis (Chair: Weixuan Zhou)
The Impact of E-Cigarette Policies on Product Switching and Cessation (53)
Shiqi Wang*; Johns Hopkins University
Indirect Sales with Search Cost (47)
Weixuan Zhou*; Hong Kong University of Science and Technology
Feiting Xu; Hong Kong University of Science and Technology
Measuring Inefficiency of Patent Overlaps: The Case of 3D Printer Industry (517)
Kohei Kawaguchi*; Hong Kong University of Science and Technology Makoto Kadowaki
Strategic Hospital Runs (522)
Wanyi Chen; University of Science and Technology of China
Chao He*; East China Normal University
AS06: Resource Allocation Analysis (Chair: Naijia Guo)
Resource Allocation Among Competing Innovators (26)
Yangguang Huang*; Hong Kong University of Science and Technology
Equilibrium Gerrymandering (491)
Isaac Swift*; Hong Kong Baptist University
Altruistic or Exchange Motive? Evidence on the effect of children’s health shocks on intra-household resource allocation (81)
Naijia Guo*; The Chinese University of Hong Kong
Junsen Zhang; Zhejiang University & Chinese University of Hong Kong
Voluntary versus mandatory public annuity plans: A common framework to understand their pros and cons (90)
Sau-Him Lau; University of Hong Kong
Qilin Zhang*; University of Hong Kong
AS07: Taxation Policy and Trade Issues (Chair: Shu Cai)
The life cycle implications of U.S taxation policy on household consumption and portfolio choices (169)
Xiangling Liu*; Tongji University
Can Microcredit Program Crowd out Informal Financial Networks? Evidence from a Randomized Controlled Trial in China (192)
Shu Cai*; Jinan University
The Formation of Global Free Trade Agreement (215)
Akira Okada; Kyoto University
Yasuhiro Shirata*; Otaru University of Commerce
Cooperation, Quality Heterogeneity and Spatial Agglomeration (260)
Tai-Liang Chen*; Zhongnan University of Economics and Law
Fengning Huan; Zhongnan University of Economics and Law
AS08: Information Spillover (Chair: Wen-Chi Liao)
Haste Makes No Waste: Positive Peer Effects of Classroom Speed Competition on Learning (286)
Hikaru Kawarazaki; University College London
Yasuyuki Sawada; Asian Development Bank
Minhaj Mahmud; Bangladesh Institute of Development Studies
Mai Seki*; Ritsumeikan University
Information Spillover and Welfare in Decentralized Markets (320)
Bingchao Huangfu*; Nanjing Audit University
Heng Liu; University of Michigan
Economic Return of Architecture Awards: Testing Homebuyers’ Motives for Paying More (497)
Wen-Chi Liao*; National University of Singapore
Kecen Jing; Nankai University
Chuan Ying Lee; National University of Singapore
Security-bid Auctions with Information Acquisition (504)
Zongbo Huang; The Chinese University of Hong Kong, Shenzhen
Yunan Li*; City University of Hong Kong
AS09: Spatial and Demographical Analysis (Chair: Gouranga G. Das)
Spatial Competition with Online Platforms: Theory and Evidence from the Wealth Manage ment Product Market (555)
Chao Ma*; Xiamen University
Smart Enforcement and Recidivism: Evidence from Traffic Violations in China (568)
Liang Chen*; Wuhan University
Deploying Skills to Earn: Impact of Skills Training and Market Linkage on Rural Women in Pakistan (571)
Ali Cheema; Institute for Development and Economic Alternatives & Lahore University of Management Sciences
Asim Khwaja; Harvard University
Muhammad Farooq Naseer*; Lahore University of Management Sciences
Jacob Shapiro; Princeton University
Effect of Contract Farming in a Small Open Less-developed Economy: A General Equilibrium Analysis (581)
Gouranga G. Das*; Hanyang University
AS10: Social Economics (Chair: Ching-I Huang)
Inclusive Institutions, Capital Formation, and Origins of Rapid Industrialization: Evidence from the Colonial Commercial Bank Networks in Taiwan (157)
Ching-I Huang*; National Taiwan University
Shao-yu Jheng; Department of Economics, National Taiwan University
The paradox of wealthy nations’ unhappy adolescents (246)
Dirk Bethmann*; Korea University
Robert Rudolf; Korea University
The One-Child Policy, Differential Fertility, and Intergenerational Transmission of Inequality in China (247)
Yewen Yu; Peking University
Yi Fan*; National University of Singapore
Junjian Yi; National University of Singapore
Outcomes of English Education at Elementary Schools in Japan (334)
Mayuko Abe*; Osaka University
AS11: Welfare Analysis and Experimental Design (Chair: David Ong)
Panel Quantile Regression with Time-Invariant Rank (69)
Xin Liu*; University of Missouri
Is women’s competitiveness expressed through their husband’s income? (548)
David Ong*; Jinan University
Consumer preference for durability and energy efficiency: Welfare Analysis of Light Bulb Market (233)
Takeshi Fukasawa*; The University of Tokyo
Necessary Condition for Semiparametric Efficiency of Experimental Designs (166)
Hisatoshi Tanaka*; Waseda University
AS12: Network and Pseudo-Panel Method (Chair: Aljoscha Janssen)
Regional and Sectoral Varieties of VAT Pass Through in Japan (431)
Kazuki Hiraga*; Nagoya CIty University
The nexus between social network and loan repayment performance in India: Establishing causal link on a matched sample (434)
Pallabi Chakraborty*; Indian Institute of Technology, Guwahati, Assam
Expected Inflation and Household Expenditure: Evidence from Pseudo-panel data in Japan (154)
Takeshi Niizeki*; Ehime University
Masahiro Hori; Hitotsubashi University
The Role of Search Costs in the Mutual Fund Industry (344)
Aljoscha Janssen*; Singapore Management University
AS13: Uncertainty Analysis (Chair: Chiaki Moriguchi)
Measuring Structural Transformation of the Indian States: 1983–2018 (126)
Kausik Gangopadhyay; Indian Institute of Management Kozhikode
Thasni T*; Indian Institute of Management Kozhikode
Meritocracy and Its Discontents: Long-run Effects of Repeated School Admission Reforms (152)
Mari Tanaka; Hitotsubashi University
Yusuke Narita; Yale University
Chiaki Moriguchi*; Hitotsubashi University
Investment Plans, Uncertainty, and Misallocation (82)
Ben Charoenwong*; National University of Singapore
Yosuke Kimura; Ministry of Finance, Japan
Alan Kwan; Hong Kong University
Eugene Tan; University of Toronto
Global Impacts of US Monetary Policy Uncertainty Shocks (203)
Povilas Lastauskas*; CEFER
Econometric Theory
AS14: High-Dimensional Issues (Chair: Zhentao Shi)
High-dimensional Distributionally Robust Mean-variance Efficient Portfolio Selection (115)
Zhonghui Zhang*; Nanjing Audit University
Identifying Dynamic Discrete Choice Models with Hyperbolic Discounting (182)
Taiga Tsubota*; The University of Tokyo
High Dimensional Forecast Combinations Under Latent Structures (112)
Zhentao Shi*; The Chinese University of Hong Kong
Liangjun Su; Tsinghua University
Tian Xie; Shanghai University of Finance and Economics
Some Asymptotic Properties of the Maximum Smoothed Partial Likelihood Estimator in the Change Plane Cox Model (193)
Shota Takeishi*
AS15: IV Regression (Chair: Xin Geng)
Harmless and Detectable Manipulations of the Running Variable in Regression Discontinuity Designs: Tests and Bounds (206)
Takuya Ishihara; Waseda University
Masayuki Sawada*; Hitotsubashi University
Wild Bootstrap for Instrumental Variables Regression with Weak Instruments and Few Clusters (304)
Wenjie Wang*; Nanyang Technological University
Yichong Zhang; Singapore Management University
Empirical Decomposition of the IV-OLS Gap with Heterogeneous and Nonlinear Effects (51)
Shoya Ishimaru*; Hitotsubashi University
Estimation of a partially linear seemingly unrelated regressions model: Application to a translog cost system (178)
Xin Geng*; Nankai University
Kai Sun; Shanghai University
AS16: Machine Learning and Quantile Regression (Chair: Xun Lu)
Uniform Inference in Linear Panel Data Models with Two-Dimensional Heterogeneity (314)
Xun Lu*; Chinese University of Hong Kong
Liangjun Su; Tsinghua University
Accurate and (Almost) Tuning Parameter Free Inference in Cointegrating Regressions (352)
Karsten Reichold*; University of Klagenfurt
Carsten Jentsch; TU Dortmund University
Regularized Quantile Regression with Interactive Fixed Effects (251)
Junlong Feng*; Hong Kong University of Science and Technology
Dyadic Machine Learning: with an Application to High-Dimensional Dyadic-Robust Analysis of Determinants of Free Trade Agreements (267)
Harold Chiang; University of Wisconsin-Madison
Yukun Ma*; Vanderbilt University
Yuya Sasaki; Vandervilt University
AS17: Panel Data Analysis (Chair: Sungwon Lee)
Unbalanced Spatial Panel Data Models with Fixed Effects (297)
Xiaoyu Meng*; Singapore Management University
Asymptotic Properties of Approximated Maximum Likelihood Estimator in Markov-Switching State-Space Models (308)
Chaojun Li*; East China Normal University
Nonparametric Identification and Estimation of Panel Quantile Models with Sample Selection (234)
Sungwon Lee*; Sogang University
Do Autocratic Political Leaders Always Hamper Economic Growth? Evidence from Australia (31)
Thomas Emery*; University of Western Australia
Rok Spruk; University of Ljubljana
Nuno Garoupa; George Mason University
David Gilchrist, University of Western Australia
Game Theory
AS18: Mechanism and Agent Problem (chair: Yu Zhou)
Serial Vickrey mechanism (195)
Yu Zhou*; Kyoto University
Shigehiro Serizawa; Osaka University
Managing Reputation in a Principal-Agent Problem (91)
Shahin Baghirov*; Koç University
Levent Kockesen; Koc University
Media Bias under Threat and Blessing (543)
Abhinaba Nandy*, Virginia Tech
The impact of negative links: theory and evidence (435)
Xiannong Zhang*; Washington University in St. Louis
Corporate Finance
AS19: Mechanism and Credit (Chair: Priyanka Kothari)
Are Simple Mechanisms Optimal when Agents are Unsophisticated? (155)
Jiangtao Li*; Singapore Management University
Piotr Dworczak; Northwestern University
Fairness is flexible: A study of competing focal points (291)
Subrato Banerjee; University of Melbourne
Priyanka Kothari*; Indian Statistical Institute
Prabal Roy Chowdhury; Indian Statistical Institute
Sectoral Inflation Dynamics under Fragmentation of Information (379)
Tatsushi Okuda*; Bank of Japan
Tomohiro Tsuruga; International Monetary Fund
Bank Credit, Trade Credit, and Firm Performance during the Global Financial Crisis (303)
Ye Jin Heo*; Korea Energy Economics Institute
Donghoon Yoo; Institute of Social and Economic Research, Osaka University
Applied Microeconomic Theory
AS20: Auction and Uncertainty (Chair: Stephanie Chan)
Royalty auctions with seller ex post input (258)
Dazhong Wang; Sun Yat-sen University
Xinyi Xu*; Sun Yat-Sen University
Xianjie Zeng; Sun Yat-Sen University
Correlation-Robust Auction Design (509)
Wei He*; The Chinese University of Hong Kong
Jiangtao Li; Singapore Management University
The social value of public information when not everyone is privately informed (600)
Stephanie Chan*; Xiamen University
Search and Knightian Uncertainty: Beyond Uncertainty-Aversion (493)
Daiki Kishishita*; Tokyo University of Science
AS21: Matching and Uncertainty (Chair: Jingyi Xue)
Torn between want and should: Self-control and behavioral choices (390)
Abhinash Borah; Ashoka University
Raghvi Garg*; Ashoka University
Uncertainty-Driven Moral Behavior (520)
Yiting Chen*; National University of Singapore
Songfa Zhong; National University of Singapore
Matching with interdependent choices (226)
Taro Kumano; Yokohama National University
Kyohei Marutani*; The University of Tokyo
Local dominance (580)
Emiliano Catonini; Higher School of Economics
Jingyi Xue*; Singapore Management University
AS22: Equillibrium and Game (Chair: Yuval Heller)
Naive Analytics Equilibrium (199)
Ron Berman; Wharton Business School
Yuval Heller*; Bar-Ilan University
International Environmental Agreement as an Equilibrium Choice in a Differential Game (439)
Ken-Ichi Akao*; Waseda University
EPIC Fail: how below-bid pricing backfires in multiunit auctions (552)
Daniel Marszalec*; University of Tokyo
Alexander Teytelboym; University of Oxford
Sanna Laksá; P/F Varðin
Endogenous Productivity Enhancing Signaling: The Joint Signaling Game (227)
Yanan Wu*; Australian National University
AS23: Dynamic and Economic Development (Chair: Wooyoung Lim)
Hurwickz meets Veatch: Principles for deceased-donor organ allocation in the presence of asymmetric information (395)
Edwin Muñoz-Rodriguez*; Kellogg School of Management, Northwestern University
A New Folk Theorem in OLG Games (2)
Chihiro Morooka*; The University of Tokyo
Platform Dynamics and Economic Development (21)
Danxia Xie; Tsinghua University
Buyuan Yang*; Tsinghua University
Tie-breaking and Efficiency in the Laboratory School Choice (36)
Wonki Cho; Korea University
Isa Hafalir; University of Technology Sydney
Wooyoung Lim*; The Hong Kong University of Science and Technology
Financial Market
AS24: Shadow and Digital Banking (Chair: Xin Zheng)
Shadow Bank Funding and the Financial Crisis (242)
Chenxi Wang*; Renmin University of China
Financial Wealth, Investment and Confidence in a DSGE Model for China (10)
Tao Jin; Tsinghua University
Simon Kwok; The University of Sydney
Xin Zheng*; Tsinghua University
Branch Expansion versus Digital Banking: The Dynamics of Growth and Inequality in a Spatial Equilibrium Model (96)
Yan Ji*; Hong Kong University of Science and Technology
Songyuan Teng; Yale University
Robert Townsend; Massachusetts Institute of Technology
Inefficient Credit Cycles (218)
Zehao Li*; The Chinese University of Hong Kong, Shenzhen
Sichuang Xu; The Chinese University of Hong Kong, Shenzhen
AS25: Firm and Market (Chair: Jiahong Gao)
Concentration, Increasing Returns to Scale, and Financial Fragility (94)
Jiahong Gao*; Zhongnan University of Economics and Law
Robert Reed; University of Alabama
Entry Deregulation and Firm Creation: Evidence from China (516)
Hua Cheng*; Nankai University
Yongzheng Liu; Renmin University of China
Decision Making under Time Pressure (239)
Mengke Wang*; University of Sydney
Superstar Firms and Frictional Labor Market (249)
Ji-Woong Moon*; Shanghai University of Finance and Economics
AS26: Financial Cost and Household Finance (Chair: Shuoxun Zhang)
Can Housing Boom Elevate Financing Costs of Financial Institutions? (556)
Shuoxun Zhang*; Xiamen University
Customer Capital and Aggregate Welfare (228)
Jianhuan Xu*; Singapore Management University
Household Balance Sheets and Unconventional Monetary Policy Transmission (162)
Nuobu Renzhi*; Asian Development Bank
Sliding Modes in Renewable Resources Dynamic Problems (171)
Anton Bondarev*; Xi’an Jiaotong-Liverpool University
Thorsten Upmann; Alfred-Wegener-Institut Helmholtz-Zentru
AS27: Credit and Portfolio (Chair: Qian Qi)
Fear Propagation and Return Dynamics (317)
Yulong Sun; International Institute of Finance (IIF), University of Science and Technology of China
Kai Wang*; Central University of Finance and Economics (CUFE)
Who Anchors on Credit Spreads (554)
Yang Wang*; Hong Kong Polytechnic University
A trading strategy using double exponential jump-diffusion model: empirical evidence from Malaysia (538)
Satrajit Mandal*; Indian Institute of Technology Kharagpur
Dynamic Patent Portfolio Management (486)
Qian Qi*; Peking University
AS28: Risk and Return Predictability (Chair: Yun Dai)
China Markets and Global Stock Return Predictability (55)
Yulong Sun*; International Institute of Finance (IIF), University of Science and Technology of China
Earnings Management in IPOs: Moral Hazard or Signaling? (65)
Yun Dai*; Sun Yat-Sen University
Jiahua Zhu; School of Social Science, Nanyang Technological University
Te Bao; Nanyang Technological University
Tail Risk and Expectations (253)
Yeow Hwee Chua*; National University of Singapore
Zu Yao Hong; University of Maryland, College Park
Dynamic Transparency and Rollover Risk (278)
Xu Wei; Central University of Finance and Economics
Zhen Zhou*; Tsinghua University
Macroeconomic Dynamics
AS29: Structural Model and Dynamics (Chair: Hung-Ju Chen)
Skill Choice and Dynamic Efficiency (151)
Hung-Ju Chen*; National Taiwan University
Growing through Competition: The Reduction of Entry Barriers among Chinese Manufacturing Firms (135)
Helu Jiang*; Shanghai University of Finance and Economics
Yu Zheng; Queen Mary University of London
Lijun Zhu; Peking University
SOEs Reform and Capital Efficiency in China: A Structural Analysis (484)
Sarah Tang*; Suffolk University
Search, Infection, and Government Policy (539)
Kee-Youn Kang; Yonsei university
Xi Wang*; Peking University
AS30: Competition Dynamics (Chair: Travis Ng)
Multi-Product Firms and Misallocation (545)
Wenya Wang; School of Finance, Shanghai University of Finance and Economics
Ei Yang*; Shanghai University of Finance and Economics
Direct Distribution, Multilateral Contracting, and Complete Foreclosure (28)
Cong Pan*; Kyoto Sangyo University
Resale Price Maintenance on Gasoline (180)
Gabrielle Lee; London School of Economics
Wenzheng Mao; Tongji University
Travis Ng*; The Chinese University of Hong Kong
Platform Competition and Price Discrimination (361)
Neaketa Chawla*; Indian Institute of Technology
AS31: Empirical Macroeconomics (Chair: Tetsugen Haruyama)
Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends Under Incomplete Markets (321)
Byoungchan Lee*; Hong Kong University of Science and Technology
Structural Gravity and the Gains from Trade under Imperfect Competition (496)
Benedikt Heid*; University of Adelaide
Frank Stähler; University of Tübingen
International Kuznets Curve: A Schumpeterian Model of the World Economy (536)
Tetsugen Haruyama*; Kobe University
Increasing Returns, Monopolistic competition, and Optimal Unemployment (567)
Pavel Molchanov*; Aix-Marseille University
AS32: Abnormality in Empirical Macroeconomic Analysis (Chair : Mohammed Ait Lahcen)
Nonlinear Unemployment Effects of the Inflation Tax (264)
Mohammed Ait Lahcen*; Qatar University and University of Basel
Garth Baughman; Federal Reserve Board
Stanislav Rabinovich; University of North Carolina – Chapel Hill
Hugo van Buggenum; Tilburg University
Tax enforcement, revenue and informality (540)
Prakriti Joshi*; IIT Delhi
Asymmetric Information, Credit Allocation and the Optimal Regulation of Name Market (333)
Yibo Sun*; The University of Hong Kong
Bo Wang; Zhejiang Gongshang University
Comparative Ambiguity Aversion for Smooth Utility Functions (285)
Chiaki Hara*; Kyoto University
AS33: Macroeconomic Dynamics and Tax (Chair: Yiyuan Zhou)
Voting over Selfishly Optimal Income Tax Schedules with Tax-Driven Migrations (549)
Darong Dai*; Shanghai University of Finance and Economics
Guoqiang Tian; Texas A & M University
Attention Discrimination in Retail Lending (122)
Bo Huang; School of Finance, Renmin University
Jiacui Li; University of Utah
Tse-Chun Lin; University of Hong Kong HKU Business School
Mingzhu Tai; The University of Hong Kong
Yiyuan Zhou*; The University of Hong Kong
Multi-Product Plants, Product Switching and Macroeconomic Dynamics (179)
Masashige Hamano*; Waseda University
Stamping Out Stamp Duty: Property or Consumption Taxes? (326)
Yunho Cho*; Jinan University
Shuyun Li; University of Melbourne
Lawrence Uren; University of Melbourne
Monetary Policy
AS34: Analyzing Monetary Policy (Chair: Shiv Dixit)
Bank Coordination and Monetary Transmission: Evidence from India (563)
Shiv Dixit*; Indian School of Business
Analysing monetary policy statements of the Reserve Bank of India (159)
Aakriti Mathur; The Graduate Institute of International and Development Studies
Rajeswari Sengupta*; IGIDR, India
Monetary Policy under Data Uncertainty: Interest-Rate Smoothing from a Cross-Country Perspective (529)
Saiah Lee*; Ulsan National Institute of Science and Technology
The Redistributive Effects of Monetary Policy in an Overlapping Generation Model (300)
Seungjun Baek*; Sejong University
Treatment Effect
AS35: Heterogeneity and Endogeneity in Treatment Effects (Chair: Galina Besstremyannaya)
Does Education Reduce Fertility in a Low Income Country? Evidence based on Fuzzy Regression Discontinuity Design in Tanzania (474)
Hisahiro Naito*; University of Tsukuba
How effective is community quarantine in the Philippines? A quasi-experimental analysis (160)
Marjorie Pajaron*; University of the Philippines
Identification of multi-valued treatment effects with unobserved heterogeneity (170)
Koki Fusejima*; The University of Tokyo
Heterogeneous effect of Japanese hospital financing reform: a quantile regression approach with endogeneity (147)
Galina Besstremyannaya*; National Research University Higher School of Economics, Russian Federation
International Finance
AS36: Trade and Economic Integration (Chair: Luping Yu)
The Effect of the China Connect (13)
Chang Ma; Fanhai International School of Finance, Fudan University
John Rogers; Federal Reserve Board
Sili Zhou*; Fudan University
Gains from trade or from catching-up? Value creation and distribution in the era of China’s WTO accession (483)
Xiaodan Yu*; University of Nottingham Ningbo China
Global Share Repurchases Over the Business Cycle (381)
Zigan Wang; The University of Hong Kong
Qie Ellie Yin; Hong Kong Baptist University
Luping Yu*; University of Hong Kong
Economic Integration and Agglomeration of Multinational Production with Transfer Pricing (309)
Hayato Kato*; Osaka University
Hirofumi Okoshi; University of Munich
AS37: Trade and Finance (Chair: Chang Ma)
Germs, Roads and Trade: Theory and Evidence on the Value of Diversification in Global Sourcing (592)
Hanwei Huang*; City University of Hong Kong, CEP
International Equity and Debt Flows to Emerging Market Economies: Composition, Crises, and Controls (12)
Chang Ma*; Fanhai International School of Finance, Fudan University
Fragmentation and Gains from Trade (132)
Edwin Lai*; Hong Kong University of Science and Tech
Han (Steffan) Qi; Hong Kong Baptist University
Market Uncertainty and International Trade (111)
Haichao Fan; Fudan University
Guangyu Nie*; Shanghai University of Finance and Economics
Zhiwei Xu; Shanghai Jiao Tong University
Labor Economics
AS38: Education Economics (Chair: Kazuhiro Yuki)
The Persistence of Unemployment and the Role of Unemployment Insurance History (209)
Similan Rujiwattanapong*; Waseda University
Persistent legacy of the 1075-1919 Vietnamese imperial examinations in contemporary quantity and quality of education (59)
Tien Vu*; Miyazaki International College
Hiroyuki Yamada; Keio University
Language education and economic outcomes in a bilingual society (250)
Kazuhiro Yuki*; Kyoto University
Who Benefits from Private Schools in India? (29)
Tanmoy Majilla*; Indian Institute of Management Ahmedabad
AS39: Working Environment and Labor Supply (Chair: Natsuki Arai)
Workplace Environment and Worker Sorting: Evidence from Advertised Corporate Culture (183)
Jungho Lee*; Singapore Management University
Does Working with a Future Executive Make Junior Employees More Likely to Be Promoted? (501)
Natsuki Arai*; National Chengchi University
Nobuhiko Nakazawa; Hitotsubashi University
Board Gender Diversity and Firm’s Environmental Risks (237)
William Mingyan Cheung*; Waseda University
Skill Loss during Unemployment and the Scarring Effects of the COVID-19 Pandemic (121)
Paul Jackson*; National University of Singapore
Victor Ortego-Marti; University of California Riverside
AS40: Labor Migration and Labor Market (Chair: Jipeng Zhang)
Effects of Childcare Availability on Fertility and Maternal Labor Supply (216)
Ryo Sakamoto*; Osaka university
Gender Divergence in Premarket Skill Acquisition and Wage Inequality (323)
Sunha Myong*; Singapore Management University
Mobility Barrier and Labor Migration in China (448)
Jipeng Zhang*; Southwestern University of Finance and Economics
The Ins and Outs of Employment: Labor Market Adjustments to Carbon Taxes (73)
Chi Man Yip*; The Hong Kong Polytechnic University
AS41: Gender Issue in Labor Market (Chair: Songtao Yang)
The Effects of Education on Parenting Styles: Quasi-Experimental Evidence from Compulsory Schooling Reforms (102)
Songtao Yang*; South China University of Technology
Racial Gaps in the Early Careers of Two Cohorts of American Men (230)
Sai Luo*; Shanghai University of Finance and Economics
Female Labor Supply and Jobless Recovery (348)
Pubali Chakraborty*; Ashoka University
Identifying Knowledge Spillovers from Universities: Quasi-experimental Evidence from Urban China (41)
Jing Li; Singapore Management University
Shimeng Liu; Jinan University
Yifan Wu*; Singapore Management University
Applied Econometrics
AZ01: Spillover Effects in Social Economics (Chair: Ou Yang)
Spillover effects of culturally and linguistically diverse (CALD) students at primary schools (165)
Thao Nguyen*; The University of Melbourne
Do cost reminders lead to healthier decisions? Experimental evidence on the use of nudges to reduce tobacco intake in rural Bangladesh (191)
Adnan Fakir*; University of Western Australia
Self-control and Vulnerability to Food Insecurity: Exploring Impacts and Pathways (452)
Stefan Meyer; Monash University
Paulo Santos*; Monash University
Socioeconomic status, access to invasive coronary angiography, and mortality of acute myocardial infarction patients (133)
Vijaya Sundararajan; La Trobe University
Ou Yang*; The University of Melbourne
Jongsay Yong; University of Melbourne
AZ02: COVID-19 and Related Issues (Chair: Jiaqi Li)
The Role of Labor Unions in Response to Pandemics: The case of COVID-19 (436)
Peyman Firouzi Naeim*; University of New South Wales
Golnoush Rahimzadeh; Georgia State University
Better out than in? Regional disparity and heterogeneous income effects of the euro (593)
Sang-Wook (Stanley) Cho*; University of New South Wales
Sally Wong; Reserve Bank of Australia
Predicting the Demand for Central Bank Digital Currency (477)
Jiaqi Li*; Bank of Canada
Bitcoin and Gold as Hedging Instruments under COVID-19 Pandemic (595)
Rubaiyat Bhuiyan*; Curtin University Malaysia
Afzol Husain; Curtin University Malaysia
Changyong Zhang; Curtin University Malaysia
AZ03: Health and Labor Economics (Chair: Aaron Barkley)
Realized Drift (601)
Sebastien Laurent; Aix-Marseille University
Roberto Reno; University of Verona
Shuping Shi*; Macquarie University
A stochastic dominance test under survey nonresponse with an application to comparing trust levels in Lebanese public institutions (190)
Ali Fakih; Lebanese American University
Paul Makdissi; University of Ottawa
Walid Marrouch; Lebanese American University
Rami Tabri*; The University of Sydney
Myra Yazbeck; University of Ottawa
The Human Cost of Collusion: Health Effects of a Mexican Insulin Cartel (307)
Aaron Barkley*; University of Melbourne
The Impact of Child Work on Cognitive Development: Results from Four Low to Middle Income Countries (107)
Michael Keane*; University of New South Wales
Sonya Krutikova; Institute for Fiscal Studies
Timothy Neal; University of New South Wales
Macroeconomic Dynamics
AZ04: Macroeconomics in Asia (Chair: Reshad Ahsan)
Are bank bailouts welfare improving? (424)
Malik Shukayev*; University of Alberta
Alexander Ueberfeldt; Bank of Canada
Long-Term Economic Consequences of Factious Tensions: Evidence from Lebanon (7)
Thomas Emery; University of Western Australia
Rok Spruk*; University of Ljubljana
The Resilience of Global Value Chains During the Pandemic: Evidence from Bangladesh (86)
Reshad Ahsan*; University of Melbourne
Job Application Portfolios and University Selectivity: Evidence and A Theory (457)
Ruitian Lang; The Australian National University
Kailing Shen*; Australian National University
Financial Market
AZ05: Asset Pricing and Consumption (Chair: Sander Heinsalu)
Extrapolative Asset Pricing (45)
Kai Li*; Macquarie University
Jun Liu; University of California, San Diego
Infection arbitrage (263)
Sander Heinsalu*; Australian National University
Modeling and Backtesting Systemic Risk Measures: the Case of CoES (575)
Zaichao Du*; Fudan University
Liheng Lei; University of Illinois at Urbana-Champaign
The Consumption Response to Universal Payments under the COVID-19 Pandemic: Case of South Korea (292)
Seungjun Baek; Sejong University
Seongeun Kim*; Sejong University
Tae-hwan Rhee; Sejong University
Wonmun Shin; Sejong University
Financial Market
EU01: Asset Pricing and Market Value Analysis (Chair: Simon Finster)
Private Assets and Self-Fulfilling Prophecies (266)
Hugo van Buggenum*; Tilburg University
The Market Value of Public Interventions in the Corporate Sector: Evidence from Covid19 (572)
Francois Koulischer*; University of Luxembourg
Diane Pierret; University of Luxembourg
Roberto Steri; University of Luxembourg
Selling Multiple Complements with Packaging Costs (143)
Simon Finster*; University of Oxford
Weak (Proxy) Factors Robust Hansen-Jagannathan Distance For Linear Asset Pricing Models (164)
Lingwei Kong*; University of Groningen
EU02: Crytocurrency and Asset Pricing (Chair: Goutham Gopalakrishna)
The Cross-Section of Cryptocurrency Returns (240)
Nicola Borri; LUISS University
Kirill Shakhnov*; University of Surrey
Measures of Model Risk in Continuous-time Finance Models (294)
Emese Lazar; University of Reading
Shuyuan Qi*; ICMA Centre
Radu Tunaru; University of Sussex
A Macro-Finance model with Realistic Crisis Dynamics (339)
Goutham Gopalakrishna*; Ecole Polytechnique Federal de Lausanne (Swiss Finance Institute)
Generalized Transform Analysis for Asset Pricing and Parameter Estimation (353)
Yannick Dillschneider*; Goethe University Frankfurt
EU03: Asset Pricing and Investment (Chair: Andreas Brøgger)
Corporate Asset Pricing (441)
Andreas Brøgger*; Copenhagen Business School
Firm Heterogeneity in Production-Based Asset Pricing: The Role of Habit Sensitivity and Lumpy Investment (9)
Zhiting Wu*; University of St Andrews
Overconfidence and Correlated Information Structures (100)
Junghum Park*; University of Essex
Stimulating Investment or Creating Asset Bubbles: Lessons from Bank of Japan’s Corporate ETFs Purchases (136)
Lior Cohen*; University of Barcelona
EU04: Modeling Risk and Financial Innovation (Chair: Rodrigo Hizmeri)
Level-k Reasoning with Heterogeneous Information Signals (422)
Xiangguo Zhang*; University of Birmingham
Financial Innovation, Macro-prudential Policies and Leverage Cycles (485)
Lingsi Wei*; University of Bath
Competing with Security Design (217)
Yue Yuan*; London School of Economics
Bolstering the Modelling and Forecasting of Realized Covariance Matrices using (Directional) Common Jumps (24)
Rodrigo Hizmeri*; Lancaster University
Marwan Izzeldin; Lancaster University
Ingmar Nolte; Lancaster University
Decision Theory
EU05: Information and Mechanism (Chair: Caroline Liqui Lung)
Acquisition, (Mis)use and Dissemination of Information: The Blessing of Cursedness and Transparency (404)
Franz Peter Ostrizek*; briq
Elia Sartori; Università degli Studi di Napoli Federico II
Pick-an-object Mechanisms (148)
Inácio Bó*; China Center for Behavioral Economics and Finance – SWUFE
Rustamdjan Hakimov; University of Lausanne
On the Origin and Persistence of Identity-Driven Choice Behavior (188)
Caroline Liqui Lung*; Paris School of Economics
Loss Aversion, Moral Hazard, and Stochastic Contracts (594)
Hoa Ho*; Ludwig Maximilian University of Munich
Applied Econometrics
EU06: Treatment Effects (Chair: Christoph Heinzel)
Face mask use and physical distancing before and after mandatory masking: Evidence from public waiting lines (104)
Jana Friedrichsen; Humboldt-Universität zu Berlin
Gyula Seres*; Humboldt University of Berlin
Learning in a Small/Big World (4)
Benson Tsz Kin Leung*; University of Cambridge
Robustness of Inferences in Risk and Time Experiments to Lifecycle Asset Integration (430)
AJ Bostian; University of Tampere
Christoph Heinzel*; INRAE
Evidence Aggregation for Treatment Choice (153)
Takuya Ishihara*; Tohoku University
Toru Kitagawa; University College London
EU07: Education Economics and Financial Risk (Chair: Kevin Pallara)
Effects of educational subsidies and pay-as-you-go pensions on long-run growth under an endogenous growth model (281)
Koichi Miyazaki*; Hiroshima University
A Simple Model Correction for Modelling and Forecasting (Un)Reliable Realized Volatility (103)
Rodrigo Hizmeri; Lancaster University
Marwan Izzeldin*; Lancaster University
Mike Tsionas; Lancaster University Management School
School Grants and Educational Outcomes: The Impacts of the Non-Salary Budget Reform in Punjab Pakistan (399)
Kafeel Sarwar*; Heidelberg University
Min Xie; Heidelberg University
Fiscal space and the size of the Fiscal Multiplier (338)
Kevin Pallara*; University of Lausanne
Luca Metelli; Bank of Italy
EU08: Experimental Effects (Chair: Jonathan Benchimol)
Do Expert Experience and Characteristics Affect Inflation Forecasts? (412)
Jonathan Benchimol*; Bank of Israel
Makram El-Shagi; Henan University
Yossi Saadon; Bank of Israel
Constant Pass-Through (421)
Kiminori Matsuyama; Northwestern University
Philip Ushchev*; HSE University
Who Should Get Vaccinated? Individualized Allocation of Vaccines Over SIR Network (124)
Toru Kitagawa; University College London
Guanyi Wang*; University College London
Fixed Effects Binary Choice Models with Three or More Periods (185)
Xavier D’Haultfoeuille; Centre de Recherche en Economie et Stati
Laurent Davezies; CREST and ENSAE Paris and Institut Polyt
Martin Mugnier*; Center For Research in Economics and Statistics (CREST)
EU09: Trade and Rational Expectation (Chair: Stefan Hubner)
Equilibrium existence in Krugman’s trade model: necessary and sufficient conditions (269)
Sergey Kokovin*; National Research University Higher School of Economics
Fyodor Slepov
Alexander Konovalov; Higher School of Economics
Identification of Unobserved Distribution Factors and Preferences in the Collective Household Model (343)
Stefan Hubner*; University of Bristol
Rationalizing Rational Expectations: Deviations (429)
Xavier D’Haultfoeuille; CREST
Christophe Gaillac*; TSE and CREST
Arnaud Maurel; Department of Economics
Effects of Choice of Early Childhood Education and Care on Cognitive and Non-Cognitive Ability in Japan (296)
Hideo Akabayashi; Keio University
Tim Ruberg*; University of Hohenheim
Chizuru Shikishima; Teikyo University
Jun Yamashita; Japan Women’s University
EU10: Economic Impact of Events (Chair: Yue Huang)
Home Sweet Home: Working from home and employee performance during the COVID-19 pandemic in the UK (335)
Sumit Deole; TU Dortmund University
Max Deter; Bergische Universität Wuppertal
Yue Huang*; IAAEU, Trier University
The impact of public export credit supports on firm performance: Evidence from Korea (365)
Haeyeon Yoon*; University of Bristol
Jung Hur; Sogang University
The Impact of Services Liberalization on Education: Evidence from India (468)
Enrico Nano*; IHEID
Gaurav Nayyar; World Bank
Stela Rubínová; World Trade Organization
Victor Stolzenburg; World Trade Organization
Ability-discounted refugees’ wait-and-see job-seeking strategy: Copula-based evidence of negative selection (287)
Seonho Shin*; Korea Labor Institute & University of Frankfurt
EU11: Economy in Developing Countries (Chair: Heinrich Nax)
Automation and Manufacturing Performance in a Developing Country (137)
Giorgio Presidente*; Oxford Martin School, Oxford University
Massimiliano Calì; World Bank
Impact of Pollution from Coal on the Anemic Status of Children and Women: Evidence from India (1)
Pushkar Maitra*; Monash University
Nidhiya Menon; Brandeis University
House Prices, Collateral Effects and Sectoral Output Dynamics in Emerging Market Economies (77)
Berrak Bahadir; Florida International University
Inci Gumus*; Sabanci University
Deep and shallow thinking in the long run (315)
Heinrich Nax*; University of Zurich
Jonathan Newton; Kyoto University
Econometric Theory
EU12: Treatment Effects and Robustness (Chair: Shosei Sakaguchi)
Robust Estimation of Integrated Volatility (72)
Merrick Li*; University of Cambridge
Oliver Linton; University of Cambridge
The speed of adjustment to target capital structure in US firms (181)
Yan-Ting Chen*; The University of York
Constrained Classification and Policy Learning (127)
Toru Kitagawa; University College London
Shosei Sakaguchi*; University College London
Aleksey Tetenov; University of Geneva
Cross-Fitting and Averaging for Machine Learning Estimation of Heterogeneous Treatment Effects (48)
Daniel Jacob*; Humboldt-Universität zu Berlin
EU13: Inference and Estimation (Chair: Andreas Joseph)
Gaussian Transforms Modeling and the Estimation of Distributional Regression Functions (74)
Richard Spady; Johns Hopkins University
Sami Stouli*; University of Bristol
Loss Function-based Change Point Detection in Risk Measures (105)
Emese Lazar; University of Reading
Shixuan Wang; University of Reading
Xiaohan Xue*; University of Reading
Parametric inference with universal function approximators (410)
Andreas Joseph*; Bank of England
A Powerful Subvector Anderson Rubin Test in Linear Instrumental Variables Regression with Conditional Heteroskedasticity (419)
Patrik Guggenberger; Pennsylvania State University
Frank Kleibergen; University of Amsterdam
Sophocles Mavroeidis*; Oxford University
EU14: Test and EIV Issues (Chair: Julien Monardo)
Johansen test with Fourier-type smooth non-linear trends in cointegrating relations (283)
Takamitsu Kurita; Fukuoka University
Mototsugu Shintani*; University of Tokyo
Measuring Substitution Patterns with a Flexible Demand Model (312)
Julien Monardo*; Telecom Paris
Score-Driven Asset Pricing: Predicting Time-Varying Risk Premia based on Cross-Sectional Model Performance (403)
Dennis Umlandt*; University of Trier
Errors-In-Variables in Large Nonlinear Panel and Network Models (444)
Kirill Evdokimov*; Universitat Pompeu Fabra
Andrei Zeleneev; University College London
Macroeconomic Dynamics
EU15: Modeling Economic Function (Chair: Paola Di Casola)
Modeling and forecasting serially dependent yield curves (331)
Hao Li*; University of Amsterdam
Global Disinflation: Cyclical or Downward Trend? (480)
Andreas Freitag*; University of Basel
Weicheng Lian; International Monetary Fund
Xiaohui Sun; International Monetary Fund
Covid-19 Supply Chain Disruptions (463)
Matthias Meier*; University of Mannheim
Eugenio Pinto; Federal Reserve Board
Technology news, creative destruction and economic fluctuations (490)
Paola Di Casola*; Sveriges Riksbank
Spyridon Sichlimiris; Sveriges Riksbank
EU16: Macroeconomic Dynamics and Implications (Chair: Robert Kollmann)
The Macroeconomics of Rising Returns to Scale: Customer Acquisition, Markups, and Dynamism (375)
Andrea Chiavari*; Pompeu Fabra University
Liquidity Traps in a World Economy (252)
Robert Kollmann*; Universite Libre de Bruxelles & CEPR
The Mutable Geography of Firms’ International Trade: Evidence and Macroeconomic Implications (374)
Lu Han*; University of Liverpool
Bubble-Driven Business Cycles (354)
Benjamin Larin*; University of St.Gallen
EU17: Macroeconomic Network (Chair: Federico Mandelman)
Diffusion on a Sorted Network (391)
Robert Shimer; University of Chicago
Liangjie Wu*; Einaudi Institute for Economics and Finance
Endogenous Production Networks and Learning-by-Networking (87)
Nuriye Melisa Bilgin*; Koc University
The “Matthew Effect” and Market Concentration: Search Complementarities and Monopsony Power (93)
Jesus Fernandez-Villaverde; University of Pennsylvania
Federico Mandelman*; Federal Reserve Bank of Atlanta
Yang Yu; Shanghai University of Finance and Economics
Francesco Zanetti; University of Oxford
The Evolution of Ineptitude (98)
Alvaro Sandroni*; Northwestern University
Labor Economics
EU18: Education and Labor Issue (Chair: Anushka Chawla)
Parental involvement in spouse choice and marriage outcomes: Evidence from India (60)
Anushka Chawla*; Aix-Marseille University
Emperors without Scepters: Early Colonial Leaders’ Personality and Civil Conflicts (473)
Quoc-Anh Do*; Northwestern University & Sciences Po
Sacha Dray; The London School of Economics
Elise Huillery; University Paris-Dauphine
Jean-Louis Keene; EBRD
Paying (and paving) my way: the impacts of extra class participation on primary school pupils in Vietnam (23)
Quynh Huynh*; University of Padova
Television and Gender Stereotypes (68)
Sven Hartmann*; IAAEU – Trier University
EU19: Health and Human Capital (Chair: Thierry Kamionka)
Firm-specific Human Capital Accumulation: Evidence from Brazil (85)
Tiago Pires; Deceased
Arkadiusz Szydlowski; University of Leicester
Shuai Zhao*; University of Leicester
The Dynamics of Health, Employment and Working Hours (313)
Thierry Kamionka*; CREST and CNRS
Pauline Leveneur; ENSAE
Rethinking the Welfare State (322)
Nezih Guner; CEMFI
Remzi Kaygusuz*; Sabanci University
Gustavo Ventura; Arizona State University
Rally Post-Terror (299)
Shuai Chen*; Luxembourg Institute of Socio-Economic Research (LISER)
Corporate Finance
EU20: Behavior Finance (Chair: Nataliya Gerasimova)
Crime and Punishment? The Curious Case of Russian Banks Anticipating and Coping with Global Financial Sanctions (494)
Mikhail Mamonov*; CERGE-EI
Steven Ongena; University of Zurich
Anna Pestova; CERGE-EI, MGIMO
The Effect of Female Leadership on Contracting from Capitol Hill to Main Street (106)
Nataliya Gerasimova*; Norwegian School of Economics
Maximilian Rohrer; Norwegian School of Economics
Do financially constrained firms engage in opportunistic and risky behavior? Evidence from the oil and gas production sector (139)
Mariia Kosar; CERGE-EI
Sergei Seleznev; INECO CAPITAL LTD
Veronika Selezneva*; CERGE-EI
Effects of Information Quality on Signaling through Sovereign Debt Issuance (168)
Hyungseok Joo*; University of Surrey
Yoon-Jin Lee; Kansas State University
Young-Ro Yoon; Wayne State University
Tax Issues
EU21: Tax Reform (Chair: Pavel Brendler)
Capital Tax Reforms With Policy Uncertainty (414)
Pavel Brendler*; University of Bonn
Eva Carceles-Poveda; The State University of New York at Stony Brook
Optimal Taxation of Automation (279)
Ozlem Kina*; European University Institute
The Impact of Deposit Insurance on Bank Risk and Competition: Bank level analysis (461)
Apinyapon Seingyai*; Insper Institute of Education and Research
Marco Bonomo; Insper
Klenio Barbosa; SKEMA Business School
Debt Covenants, Investment, and Monetary Policy (262)
Ozgen Ozturk*; European University Institute
Applied Microeconomic Theory
EU22: Experimental Mechanism and Applications (Chair: Raul Bajo-Buenestado)
Craving for Money? Empirical Evidence from the Laboratory and the Field (43)
Elise Payzan-LeNestour*; University of New South Wales
James Doran; University of New South Wales
Market for Information and Selling Mechanisms (89)
David Bounie; Telecom Paris
Antoine Dubus*; ECARES, Université Libre de Bruxelles
Patrick Waelbroeck; Telecom ParisTech
Are There "Ratatouille" Restaurants? On Anticorrelation of Food Quality and Hygiene (140)
Hisayuki Yoshimoto*; University of Glasgow
Andy Zapechelnyuk; University of St Andrews
Market competition and the adoption of clean technology: evidence from the taxi industry (201)
Raul Bajo-Buenestado*; University of Navarra
EU23: Information Sources and Applications (Chair: Patrick Moran)
The “double trap” in China – Multiple equilibria in institutions and income and their causal relationship (302)
Linda Glawe*; University of Hagen
Helmut Wagner; FernUniversität in Hagen
Incentives, Penalties, and Rural Air Pollution: Evidence from Satellite Data (341)
Yongwei Nian*; Bocconi University
Elections under Selective Media Exposure (359)
Junze Sun*; European University Institute
Flexibility vs. Commitment: The Effect of Home Equity Withdrawal on Consumption, Saving and Welfare (363)
Agnes Kovacs; University of Manchester
Patrick Moran*; University of Copenhagen & IFS
EU24: Political Policy and Economy (Chair: Apurav Yash Bhatiya)
Crime dynamics in and out of lockdowns (389)
Ruben Poblete-Cazenave*; Erasmus School of Economics
Price Competition under Search with Inaccurate Recommendations (408)
Peerawat Samranchit*; Tilburg University
Do Enfranchised Immigrants Affect Political Behaviour? (396)
Apurav Yash Bhatiya*; University of Warwick
Mechanism Design with Narratives (574)
Matthias Lang*; Ludwig Maximilian University of Munich
International Finance
EU25: Trade and Currency (Chair: Martyna Marczak)
Emerging Influence of the RMB on Currency Markets in a Transpiring Tri-Polar International Monetary System (271)
Peijie Wang*; University of Plymouth and Fudan University
Ping Wang; university of Birmingham
The Effects of Mutual Recognition Agreements on Firm-Level International Trade (367)
Thomas Prayer*; University of Cambridge
Competitiveness at the Country-Sector Level: New Measures Based on Global Value Chains (357)
Martyna Marczak*; University of Hohenheim
Thomas Beissinger; University of Hohenheim
Self-Harming Trade Policy? Protectionism and Production Networks (128)
Alessandro Barattieri*; ESG UQAM
Matteo Cacciatore; HEC Montreal
Game Theory
EU26: Conflict and Incentive (Chair: Thomas Daske)
The strategy of conflict and cooperation (214)
Mehmet Ismail*; King’s College London
How to Win the Super Bowl: An evolutionary View on Game Preparation (377)
Marius Gramb*; University of Cologne
Efficient Incentives in Social Networks: Gamification and the Coase Theorem (64)
Thomas Daske*; Technical University of Munich
The Effects of Entry in a Model of Sales (11)
Evangelos Rouskas*; Agricultural University of Athens
