(All in Malaysia Time)

Programme in Pdf format (Please also see in Final Report of AMES 2021)

All sessions are accessible at 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;

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