Opțiuni de căutare
Pagina inițială Media Materiale explicative Studii și publicații Statistici Politică monetară Euro Plăți și piețe Cariere
Sugestii
Sortează în funcție de
Nu este disponibil în limba română

Conference

Fourth conference on household finance and consumption

ECB conference

Frankfurt am Main, 17 and 18 December 2015
ECB Main Building, Press Room (C5.01)

Programme

Thursday, 17 December 2015

* indicates the presenter

8:30
Registration and coffee
9:00

Welcome address

Aurel Schubert, European Central Bank

9:15

Session I Consumption and saving

Chair: Carlos Sánchez Muñoz, European Central Bank

 

Consumption uncertainty and precautionary saving PaperPresentation

Dimitris Christelis, University of Naples Federico II, CSEF, CFS and CEPAR
Dimitris Georgarakos*, Deutsche Bundesbank, CFS and University of Leicester
Tullio Jappelli, University of Naples Federico II, CSEF and CEPR
Maarten van Rooij, De Nederlandsche Bank and Netspar

Discussant: Effrosyni Adamopoulou, Banca d’Italia
Presentation

 

Culture and household saving PaperPresentation

Benjamin Guin, Swiss Institute of Banking and Finance, University of St. Gallen

Discussant: Michael Ziegelmeyer, Banque centrale du Luxembourg
Presentation

10:45
Coffee break
11:15

Session II Credit and housing

Chair: Luc Laeven, European Central Bank

 

The unintended consequences of credit: the impact of housing credit on personal bankruptcy PaperPresentation

Sumit Agarwal and Changcheng Song*, National University of Singapore

Discussant: Miguel Ampudia, European Central Bank
Presentation

 

Home production as a substitute for market consumption? Estimating the elasticity using house price shocks from the Great Recession PaperPresentation

Jim Been*, Leiden University and Netspar
Susann Rohwedder, RAND Corporation, Santa Monica, MEA and Netspar
Michael Hurd, RAND Corporation, Santa Monica, NBER, MEA and Netspar

Discussant: Eliana Viviano, Banca d’Italia
Presentation

12:45
Buffet lunch
13:45

Conference posters

14:15

Keynote speech Restoring rational choice: the challenge of consumer finance?

Paper Presentation

John Campbell, Harvard University

15:30
Coffee break
16:00

Session III Wealth, debt and spending

Chair: Oreste Tristani, European Central Bank

 

Wealth effects on consumption across the wealth distribution: empirical evidence PaperPresentation

Luc Arrondel, CNRS-PSE, Banque de France
Pierre Lamarche, European Central Bank
Frédérique Savignac*, Banque de France

Discussant: Tullio Jappelli, University of Naples Federico II
Presentation

 

Household debt and spending in the United Kingdom PaperPresentation

Philip Bunn* and May Rostom, Bank of England

Discussant: Ljubica Djordjevic, Goethe University Frankfurt
Presentation

19:00

Dinner
Hosted by Vítor Constâncio, Vice-President, European Central Bank

Friday, 18 December 2015
8:30
Registration and coffee
9:00

Keynote speech Monetary policy according to HANK

Paper Presentation

Gianluca Violante, New York University

10:15
Coffee break
10:45

Session IV Housing and stock market investment

Chair: Aurel Schubert, European Central Bank

 

Housing and tax-deferred retirement accounts PaperPresentation

Anson Ho, Kansas State University
Jie Zhou*, Bank of Canada

Discussant: Julia Le Blanc, Central Bank of Ireland
Presentation

 

Endogenous life-cycle housing investment and portfolio allocation PaperPresentation

Denis Pelletier, North Carolina State University
Cengiz Tunç*, Central Bank of the Republic of Turkey

Discussant: Florian Exler, University of Mannheim
Presentation

 

Stock market investment: the role of human capital PaperPresentation

Kartik Athreya, Federal Reserve Bank of Richmond
Felicia Ionescu*, Federal Reserve Board
Urvi Neelakantan, Federal Reserve Bank of Richmond

Discussant: Michael Haliassos, Goethe University Frankfurt
Presentation

13:00
Buffet lunch
13:30

Conference posters

14:00

Session V Distribution of income and wealth

Chair: Sébastien Pérez-Duarte, European Central Bank

 

Reconciling estimates of earnings processes in growth rates and levels PaperPresentation

Moira Daly, Copenhagen Business School
Dmytro Hryshko*, University of Alberta
Iourii Manovskii, University of Pennsylvania

Discussant: Jirka Slacalek, European Central Bank
Presentation

 

The distribution of wealth in Spain: evidence from capitalized income tax data PaperPresentation

Clara Martínez-Toledano Toledano, Paris School of Economics

Discussant: Philip Vermeulen, European Central Bank
Presentation

 

Financial literacy and interviewer effects PaperPresentation

Thomas Crossley, University of Essex
Tobias Schmidt* and Panagiota Tzamourani, Deutsche Bundesbank
Joachim Winter, University of Munich

Discussant: Pirmin Fessler, Oesterreichische Nationalbank
Presentation

16:15
End of conference

General information

Contacts

Jiri Slacalek
Directorate General Research
+49 (0) 69 1344 5047
jiri.slacalek@ecb.europa.eu

Daniela Rothermel
Directorate General Research
+49 (0) 69 1344 5372
daniela.rothermel@ecb.europa.eu