Summary of All Sessions |
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Click here for an index of all participants |
82 sessions, 283 papers, and 0 presentations with no associated papers |
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The 2026 RCEA International Conference on Economics, Econometrics, and Finance |
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Detailed List of Sessions |
| Session 1: REGISTRATION May 25, 2026 8:00 to 8:45 Location: AA23 |
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| Session 2: WELCOME REMARKS: M. Chauvet (University of California Riverside), I. Figuerola Ferretti (Comillas University), R. Gonzalez (National Graduate Institute of Policy Studies), A. Luati (Imperial College & University of Bologna), C. Morana (University of Milano Bicocca) May 25, 2026 8:45 to 9:00 Location: Aula Magna |
| Session 3: KEYNOTE SESSION 1: Are Ideas Harder to Find, Overall?, Philipe Aghion (Collège de France and London School of Economics) - Chair: Marcelle Chauvet (University of California Riverside) May 25, 2026 9:00 to 10:00 Location: Aula Magna |
| Session 4: COFFE BREAK May 25, 2026 10:00 to 10:30 Location: West interior courtyard (Patio interior oeste) |
| Session 5: CLIMATE AND ENERGY FINANCE CONFERENCE 1 May 25, 2026 10:30 to 12:30 Location: Polavieja |
| Session Chair: Natalia Fabra, CEMFI |
| Valuation of a Carbon Capture Plant: a real options approach |
| Presented by: Isabel Figuerola Ferretti, ICADE |
| Market Stability, Political Intervention Risk, and the EU ETS: A Simplified Intertemporal Model |
| Presented by: Iñaki Longarela, Stockholm University |
| Green investment, inequality and misallocation |
| Presented by: Louis-Marie Harpedanne de Belleville, Paris School of Economics |
| Distributional Effects of Natural Disasters on Banking Sector -Evidence from U.S. Banks |
| Presented by: CY Choi, The University of Texas at Arlington |
| Unpacking the Distributional Effects of the Energy Crisis: Lessons from the Iberian Electricity Market |
| Presented by: Natalia Fabra, CEMFI |
| Session 6: CRIPTO AND MONEY MARKETS May 25, 2026 10:30 to 12:30 Location: O - 305 |
| Session Chair: David Tercero-Lucas, ICADE, Comillas Pontifical University |
| Income inequality and bank funding fragility |
| Presented by: Anni Isojaervi, Federal Reserve Board |
| Convenience Has a Price - ATM Surcharges and Cash Demand |
| Presented by: Krzysztof Wozniak, Board of Governors of the Federal Reserve System |
| Excess Liquidity and the Yield Curve |
| Presented by: Andreea Liliana Vladu, European Central Bank |
| Tests for No-Arbitrage in Cryptocurrency Markets |
| Presented by: Razvan Sufana, York University |
| Crypto Listens: Asymmetric Reactions to Text-based Signals in Central Bank Communications |
| Presented by: David Tercero-Lucas, ICADE, Comillas Pontifical University |
| Session 7: EQUITY MARKETS AND PREDICTION May 25, 2026 10:30 to 12:30 Location: O - 304 |
| Session Chair: Rehim Kilic, FRB |
| The bright side of circuit breakers |
| Presented by: Miguel Ventura Flores, Ca Foscari University |
| Nonparametric Directional Forecasting in Equity Markets: Size, Conditional Patterns, and Economic Payoffs |
| Presented by: Andrei Semenov, York University |
| The Effect of AI Investment Announcements on Adopting Companies Abnormal Returns: A Critical Analysis of the UK Market |
| Presented by: Zeynep Kurter, Warwick University |
| Stock markets and Terrorism Unrest in Africa |
| Presented by: Guillermo Llorente-Alvarez, Universidad Autonoma de Madrid |
| Session 8: FAMILY AND POPULATION ECONOMICS May 25, 2026 10:30 to 12:30 Location: O - 301 |
| Session Chair: Henrike Alm, Justus-Liebig-Universität Gießen |
| Housing and Social Interactions |
| Presented by: Mengying Song, University of Southampton |
| Immigration, Social Norms, Violent Crime and Electoral Outcomes Evidence from Chile 2015 - 2024 |
| Presented by: Alejandro Micco, University of Chile |
| How New Half-Siblings Affect Child Support and Parent-Child Contact - Evidence from German Taxpayer Data |
| Presented by: Marianna Schaubert, Fraunhofer Institute |
| Dynamic Ethnosizing and Dynamic Identity |
| Presented by: Fausto Galli, University of Salerno |
| School Smoking Bans and Substance Use Spillovers: Evidence from Peer Environments |
| Presented by: Henrike Alm, Justus-Liebig-Universität Gießen |
| Session 9: INDUSTRIAL ECONOMICS May 25, 2026 10:30 to 12:30 Location: O - 302 |
| Session Chair: Kaio Dias, Duke University |
| How Subsidies Shape Innovation: The Dual Role of Quality and Market-Research in a Dynamic Real-Options Model |
| Presented by: Diemo Dietrich, University of Greifswald |
| Strategic Uncertainty, Compeition, and Asymmetric Pass-Through: Evidence from Electricity Markets |
| Presented by: Harim Kim, University of Connecticut |
| Family managers and investment decisions |
| Presented by: Xulia González, University of Vigo |
| Advocating Devils |
| Presented by: Xin Gao, University of Birmingham |
| Dynamic Crowdfunding: Theory and Evidence |
| Presented by: Kaio Dias, Duke University |
| Session 10: MACRO-FINANCIAL IMPACT OF CLIMATE CHANGE May 25, 2026 10:30 to 12:30 Location: O - 309 |
| Session Chair: Andres Alonso-Robisco, Banco de España |
| Extreme Weather in Europe: Determinants and Economic Impact |
| Presented by: Claudio Morana, Università di Milano-Bicocca |
| Extreme climate and natural disaster risk in financial markets: A CoES approach |
| Presented by: Laura Garcia-Jorcano, Universidad de Castilla-La Mancha |
| Natural disasters and inflation crises in Europe |
| Presented by: Amétépé Egbétoké, University of Picardie Jules Verne |
| Output Growth and Inflation at Risk of Climate Shocks |
| Presented by: Andrey Ramos, Bank of Spain |
| On the Carbon Footprint of Economic Surveys in the Age of Generative AI |
| Presented by: Andres Alonso-Robisco, Banco de España |
| Session 11: MACROECONOMIC SHOCKS AND PROPAGATION May 25, 2026 10:30 to 12:50 Location: O - 310 |
| Session Chair: Philippe Coulombe, ESG-UQAM |
| Identification or Propagation? Shock-Based Weak-IV Diagnostics and Bootstrap Inference for Instrumented VARs |
| Presented by: Daniele Colombo, London Business School |
| Simulations on Local Projections Panel Data |
| Presented by: Alfonso Ugarte-Ruiz, BBVA |
| Causality in Variance Beyond the First Horizon |
| Presented by: Christina Christou, Open University of Cyprus |
| Measuring Salience in macroeconomic time series |
| Presented by: Francesca Papagni, University of Bergamo |
| Scanning for Significance: False Discovery Control for Impulse Responses |
| Presented by: Giorgi Nikolaishvili, Wake Forest University |
| Implied Factors: The Linear Skeleton of Machine Learning Forecasts |
| Presented by: Philippe Coulombe, ESG-UQAM |
| Session 12: MONETARY POLICY 1 May 25, 2026 10:30 to 12:30 Location: O - 303 |
| Session Chair: Marta Rodriguez, Bank of Spain |
| Marginal Investors as a Guide for Monetary Policy: A Tale of Nominal and Real Risks |
| Presented by: Anna Orlik, Federal Reserve Board of Governors |
| The Heterogeneous Bank Lending Channel of Monetary Policy |
| Presented by: Jorge Abad, Banco de España |
| Small Talks and the Predictability of Monetary Policy Surprises |
| Presented by: David Gauthier, Banque de France |
| Temperature and the U.S. Economy: From Demand to Supply-Side Effects? |
| Presented by: Marta Rodriguez, Bank of Spain |
| Session 13: TIME SERIES ECONOMETRICS WORKSHOP 1 - Factor Models and Quantile Regressions - Chair: Esther Ruiz (Universidad Carlos III Madrid) May 25, 2026 10:30 to 12:30 Location: Sala de Conferencias |
| Session Chair: Marco Mazzali, Università di Bologna |
| GLOBAL FACTORS FOR LOCAL SHOCKS IN A DATA-SCARCE ENVIRONMENT: WITH AN APPLICATION TO REGIONAL FISCAL MULTIPLIERS IN ITALY |
| Presented by: Marco Mazzali, Università di Bologna |
| Testing the null hypothesis of panel cointegration with common factors |
| Presented by: Josep Lluís Carrion-i-Silvestre, University of Barcelona |
| Mean Square Errors of factors extracted using principal components, linear projections, and Kalman filter |
| Presented by: Esther Ruiz, Universidad Carlos III de Madrid |
| HAR Inference for Quantile Regression in Time Series |
| Presented by: Jungbin Hwang, University of Connecticut |
| Transport-based Estimation of Time-Varying Factor Models |
| Presented by: Emilio Zanetti Chini, University of Bergamo |
| Session 14: LUNCH May 25, 2026 12:30 to 14:00 Location: West interior courtyard (Patio interior oeste) |
| Session 15: BREAKS, OUTLIERS, AND FORECASTING May 25, 2026 14:00 to 16:15 Location: O - 305 |
| Session Chair: Seokki Hong, Bank of England |
| Not All Groups Switch Together: A Two-Group Markov-Switching SUR Model |
| Presented by: Martin Sola, Universidad Torcuato di Tella |
| Inference on Continuous Structural Change in Long-Run Equilibrium Dynamic Systems: A Local Projection Approach |
| Presented by: Byeongseon Seo, Korea University |
| Systemic Influence in Structural Breaks: Granular Time Series Detection |
| Presented by: So Jin Lee, CUNEF Universidad |
| From Many Models, One: Macroeconomic Forecasting with Reservoir Ensembles |
| Presented by: Giovanni Ballarin, University of St. Gallen |
| Combining forecasts based on the evidence against equal predictive ability |
| Presented by: Lukas Bauer, University of Freiburg |
| How Should We Model Outliers in Nowcasting? Evidence from French GDP |
| Presented by: Seokki Hong, Bank of England |
| Session 16: CLIMATE AND DEVELOPMENT May 25, 2026 14:00 to 16:00 Location: O - 304 |
| Session Chair: Kilian Kamkar, University of Cambridge |
| The role of Institutional Quality in the Developmental Impact of Digital Financial Inclusion in Africa |
| Presented by: Ruth Okhah, Keele University |
| The Effect of Climate Risk on Agricultural Inputs Use of Western African Smallholders: A Panel Data Analysis through CRE–PPML |
| Presented by: Marco Rogna, European Commission Joint Research Centre |
| Mobile phone adoption and deforestation in Peru: Evidence from spatial econometric models at the district and departmental levels |
| Presented by: Luis Ledesma Goyzueta, Universitat Autònoma de Barcelona |
| Beyond Treaty Presence: Firm-Level Evidence of Tax Treaty Design and Investment in Developing Countries |
| Presented by: Pranvera Shehaj, Freie Universität Berlin |
| Deforestation without Development? The Agricultural Resource |
| Presented by: Kilian Kamkar, University of Cambridge |
| Session 17: CLIMATE AND ENERGY FINANCE CONFERENCE 2 May 25, 2026 14:00 to 16:00 Location: Polavieja |
| Session Chair: Chiara Colamartino, Università LUM |
| Institutional Investor Impact across Asset Classes: Exit, Voice and/or Conditional (Re)Financing |
| Presented by: Fabiola Schneider, |
| From FinTech to Clean Energy: Green Finance as a Mediator, Natural Resources as a Lever |
| Presented by: Alexandre Croutzet, UQAM |
| Subsidies and Household Technology Adoption: Evidence from the Belgian Auto Market |
| Presented by: Han Pham, University Of Luxembourg |
| Do users respond to congestion pricing? Evidence on demand elasticity from managed lanes |
| Presented by: Natalia Collado Van-Baumberghen, Universidad Pontificia Comillas |
| Beyond GDP at the Local Level: Spatial Dynamics of Municipal Well-being in Italy |
| Presented by: Chiara Colamartino, Università LUM |
| Session 18: FINANCIAL LEVERAGE AND REGULATION May 25, 2026 14:00 to 16:00 Location: O - 301 |
| Session Chair: Ayaz Zeynalov, Prague University of Economics and Business |
| Leverage and Financial Distress: A Meta-Analysis of Empirical Evidence |
| Presented by: Ayaz Zeynalov, Prague University of Economics and Business |
| Failure in the Margins: Local Exposure to Non-local Bank Distress |
| Presented by: Sam Deegan, University College Dublin |
| Regulatory Divergence and Bank Capital Flows |
| Presented by: Bryan Gutierrez, University of Minnesota |
| Robinhood’s Forced Liquidations |
| Presented by: Pedro Garcia Ares, Instituto Tecnológico Autónomo de México |
| Pricing Macro-Panic: Forecasting the Tails of Bond Risk Premia |
| Presented by: Jiaxun Liu, Universitat Pompeu Fabra |
| Session 19: FISCAL POLICY 1 May 25, 2026 14:00 to 16:00 Location: O - 302 |
| Session Chair: Andrea Fratini, Sapienza University of Rome |
| Fiscal Shocks and Public Debt Dynamics in the European Union. New Evidence using Forecast-Error Identification |
| Presented by: Karsten Staehr, Bank of Estonia; Tallinn University of Technology |
| Market discipline on fiscal policy: how banks’ sovereign debt holdings keep public debt in check |
| Presented by: Peter Claeys, Universidad Pontificia Comillas |
| Anatomy of French Fiscal Policy |
| Presented by: Moaz Elsayed, Banque de France |
| System-wide effects of sovereign bond market stress |
| Presented by: Dennis Zander, University of Warwick/European Central Bank |
| The Insurance Value of Transfers across the Business Cycle |
| Presented by: Andrea Fratini, Sapienza University of Rome |
| Session 20: LABOR ECONOMICS May 25, 2026 14:00 to 16:00 Location: O - 309 |
| Session Chair: Kristina Saveska, Friedrich-Alexander-Universität Erlangen-Nürnberg |
| Follow the leader: The effect of high-quality peers on turnover decisions |
| Presented by: Marlon Francisco, Nova School of Business and Economics |
| Striking While the Iron Is Hot vs Steady Does It: Cyclical Fluctuations in Hours Worked and Welfare |
| Presented by: Christian Jensen, University of South Carolina |
| Beyond technical skills. Labour market returns to skills in tertiary vocational education using an LLM approach. |
| Presented by: Federico Segato, Università Degli Studi di Bergamo |
| The costs of exclusion: Refugee camps and local labour markets |
| Presented by: Ioannis Laliotis, University of Patras |
| Financial Constraints: Labor Adjustment and Short-Time Work |
| Presented by: Kristina Saveska, Friedrich-Alexander-Universität Erlangen-Nürnberg |
| Session 21: MONETARY POLICY 2 May 25, 2026 14:00 to 16:00 Location: O - 303 |
| Session Chair: Adolfo Barajas, International Monetary Fund |
| The Role of Sovereign Wealth Funds in Shaping Monetary Policy Transmission |
| Presented by: Nouf Bin Muqbel, University of Leeds |
| The Effects of a Money-financed Fiscal Stimulus Without Irredeemability of Money |
| Presented by: Eiji Okano, Nagoya City University |
| Monetary Transmission to Firm-level R&D* |
| Presented by: Ruslana Datsenko, Bank of England |
| Public sector interventions in the Bund market A repo market perspective |
| Presented by: Miguel Ampudia, ECB |
| Financial Inclusion, Credit Booms, and Financial Stability Risk |
| Presented by: Adolfo Barajas, International Monetary Fund |
| Session 22: PRODUCTIVITY AND STRUCTURAL CHANGE May 25, 2026 14:00 to 16:00 Location: O - 310 |
| Session Chair: Tracy Xu, Georgetown University |
| The demographic origins of premature deindustrialization |
| Presented by: MARTA DOMINGUEZ JIMENEZ, CEMFI |
| Urbanization, Productivity Differences and Spatial Frictions |
| Presented by: Calin Arcalean, ESADE Business School |
| Regional Productivity, Local Economic Capacity, and Health Trajectories among Older Adults in England |
| Presented by: Daniele Patiti, King's college London |
| Private Equity, Institutions, and Productivity |
| Presented by: Sara Boni, Technical University of Munich |
| Internal Migration Restrictions, Aggregate Productivity, and Spatial Growth |
| Presented by: Tracy Xu, Georgetown University |
| Session 23: TIME SERIES ECONOMETRICS WORKSHOP 2 - Macroeconomic Time series - Chair: Gianni Amisano (Federal Reserve Board) May 25, 2026 14:00 to 16:00 Location: Sala de Conferencias |
| Session Chair: Andrea De Polis, Banco de España |
| Telltale Inflation Tails: Cross-Sectional Evidence from Disaggregated Prices |
| Presented by: Andrea De Polis, Banco de España |
| Nowcasting GDP Growth for Kenya |
| Presented by: Nikolay Danov, International Monetary Fund |
| Inference for Macroeconomic Policy Counterfactuals |
| Presented by: Utso Pal Mustafi, Frankfurt School of Finance & Management |
| Fixed-T Dynamic Spatial Panel Model with Common Shocks |
| Presented by: Jesse Chen, Columbia University |
| The Long Run in Exchange Rates, UIP and Durbin Regressions |
| Presented by: Richard Baillie, King's College & Michigan State University |
| Session 24: COFFEE BREAK May 25, 2026 16:00 to 16:30 Location: West interior courtyard (Patio interior oeste) |
| Session 25: KEYNOTE SESSION 2: Large Factor Models 26 Years Later: What Have We learned? - Lucrezia Reichlin (London Business School). Chair: Richard Baillie (Kings College London and Michigan State University) May 25, 2026 16:30 to 17:30 Location: Aula Magna |
| Session 26: KEYNOTE SESSION 3: China's ascent: from globalization to fragmentation? Resources, tech, and finance, Alicia Garcia Herrero (Natixis & HKUST) - Chair: Claudio Morana (University of Milano-Bicocca) May 25, 2026 17:30 to 18:30 Location: Aula Magna |
| Session 27: WELCOME RECEPTION May 25, 2026 18:30 to 20:00 Location: West interior courtyard (Patio interior oeste) |
| Session 28: REGISTRATION May 26, 2026 8:00 to 9:00 Location: AA23 |
| Session 29: KEYNOTE SESSION 4: Non-Gaussian Factor Models, Christian Matthes (University of Notre Dame) - Chair: Mark Jensen (Federal Reserve Bank of Atlanta) May 26, 2026 9:00 to 10:00 Location: Aula Magna |
| Session 30: COFFEE BREAK May 26, 2026 10:00 to 10:30 Location: West interior courtyard (Patio interior oeste) |
| Session 31: ASSET PRICING May 26, 2026 10:30 to 12:30 Location: O - 305 |
| Session Chair: João Issler, Getulio Vargas Foundation |
| A No-Arbitrage Approach to Asset Pricing using Panel Data |
| Presented by: João Issler, Getulio Vargas Foundation |
| Hedge Fund Investment: Optimal Portfolios with Regime-Switching |
| Presented by: Alfonso Valdesogo, Universitat de les Illes Balears |
| State-Dependent Asset Pricing Models |
| Presented by: Elisa Ossola, Università di Milano-Bicocca |
| Algorithms and Supracompetitive Prices in Electronic Markets: The Impact of Tick Size |
| Presented by: Jose Penalva Zuasti, Universidad Carlos III |
| Factor Model Selection Using the ICAPM |
| Presented by: Jeremias Huber, IFC/World Bank |
| Session 32: BAYESIAN ECONOMETRICS WORKSHOP 1: Advances in Bayesian Modeling & Machine Learning May 26, 2026 10:30 to 12:30 Location: Polavieja |
| Session Chair: Matteo Iacopini, Luiss University |
| AR-LD-BART: Autoregressive latent variable models with Bayesian Additive Regression Trees |
| Presented by: Matteo Iacopini, Luiss University |
| Coarsened Bayesian VARs -- Correcting BVARs for Incorrect Specification |
| Presented by: Tobias Scheckel, Salzburg University |
| Nonlinear Autoregressive Models for Functional Time Series with Bayesian Additive Regression Trees |
| Presented by: Eoghan O'Neill, University College Dublin |
| Learning Nonlinear Factor Models with Unknown Monotone Links from Incomplete and Noisy Data |
| Presented by: Ali Habibnia, Virginia Tech |
| Follow the Flow: Nonlinear Identification of Structural Shocks via Normalizing Flows with Sign Restrictions |
| Presented by: Carlos Montes-Galdon, European Central Bank |
| Session 33: CLIMATE AND ENERGY FINANCE CONFERENCE 3 May 26, 2026 10:30 to 12:30 Location: O - 306 |
| Session Chair: Roderick McCrorie, University of St Andrews |
| The green premium in the European stock market |
| Presented by: Silvia MUZZIOLI, University of Modena and Reggio Emilia |
| Supply Chain Disruptions: the Propagation and Economic Costs of ESG Shocks |
| Presented by: Vicente Bermejo, ESADE Business School |
| The greenness of European Green Bonds |
| Presented by: Paola Galfrascoli, University of Milano-Bicocca |
| Greener on the Other Side: Equilibrium Asset Prices in a Technological Transition |
| Presented by: Fernando Zapatero, Boston University |
| Oil Firm Diversification Under Climate Risk: A Structural Model with Investment and Heterogeneity |
| Presented by: Roderick McCrorie, University of St Andrews |
| Session 34: CLIMATE ECONOMETRICS May 26, 2026 10:30 to 12:30 Location: O - 304 |
| Session Chair: Maria Dolores Gadea, University of Zaragoza |
| FROM DISASTERS TO VOLATILITY: EXTREME CLIMATE EVENTS AND EUROPEAN FINANCIAL MARKETS |
| Presented by: Alessandra Canepa, Turin University |
| Nonparametric Estimation and Testing of Nonlinear Temperature–Yield Relationships under Climate Change |
| Presented by: Chaoyi Chen, Central Bank of Hungary |
| Threshold effects of CO₂ on Sea-Ice Volume: Empirical Evidence with Data from Global Circulation Models of the Arctic and Antarctic |
| Presented by: Juan Rodríguez, OMIE |
| Modeling Long Memory in 67 Million Years of Cyclical Climate Trends: Anticipating Future Cycles |
| Presented by: Alvaro Escribano, Universidad Carlos III de Madrid |
| Modeling Climate Heterogeneity via an Unconditional Quantile Vector Error Correction Approach |
| Presented by: Maria Dolores Gadea, University of Zaragoza |
| Session 35: ECONOMETRIC METHODS AND APPLICATIONS May 26, 2026 10:30 to 12:30 Location: O - 301 |
| Session Chair: Nikolay Iskrev, Bank of Portugal |
| Virtue or Mirage? Complexity in Exchange Rate Prediction |
| Presented by: Rehim Kilic, FRB |
| Unpleasant Thoughts on Using DiD in Economic Causal Inferences |
| Presented by: Chang kon Choi, Chonbuk National University |
| Likelihood and Order Selection for ARMA Dynamics in Panel Models with Interactive Effects |
| Presented by: Pablo Mones, Columbia University |
| Improved Estimation by Simulated Maximum Likelihood |
| Presented by: Kirill Evdokimov, Universitat Pompeu Fabra |
| Sampling Frequency and Parameter Information Under Temporal Aggregation in Continuous-Time Macroeconomic Models |
| Presented by: Nikolay Iskrev, Bank of Portugal |
| Session 36: GREEN TRANSITION AND SUPPLY CHAINS May 26, 2026 10:30 to 12:30 Location: O - 302 |
| Session Chair: Alexandra Gutsch, |
| Measuring performance of investment strategies in ESG mutual funds. Evidence from fixed income flows to euro area. |
| Presented by: Alberto Cagnazzo, LUISS University |
| Forecasting the Price of Carbon with Macroeconomic and Financial variables |
| Presented by: Elisabetta Mirto, Study Center Gerzensee |
| Supply Chain Uncertainty: Pricing, Growth & Blockchains |
| Presented by: Claudio Tebaldi, Universita' Commerciale L. Bocconi |
| MEASURING DEMAND AND SUPPLY PRESSURES USING BUSINESS SURVEYS |
| Presented by: Nataliia Ostapenko, National Bank of Slovakia |
| Transition Dynamics in Heterogeneous-Agent Models and the Distributional Consequences of Taxation |
| Presented by: Alexandra Gutsch, |
| Session 37: INTERNATIONAL ECONOMICS 1 May 26, 2026 10:30 to 12:30 Location: O - 309 |
| Session Chair: Rafael Llorca-Vivero, Universidad de Valencia |
| International spillovers of fiscal news shocks |
| Presented by: Grzegorz Wesołowski, University of Warsaw |
| More Data, Better Core Inflation? Evidence from CPI Disaggregation |
| Presented by: Laure Simon, Bank of Canada |
| PPML Estimation of Structural Panel Gravity Models: Residual Analysis and Diagnostic Tests |
| Presented by: Michael Pfaffermayr, University of Innsbruck |
| Absolute Advantage and Mutual Gains in Quantities |
| Presented by: Ioannis Paraskevopoulos, ICADE, University Pontificia Comillas |
| A Structural Gravity Analysis of the Impact of Terrorism on Tourism |
| Presented by: Rafael Llorca-Vivero, Universidad de Valencia |
| Session 38: MONETARY POLICY 3 May 26, 2026 10:30 to 12:30 Location: O - 303 |
| Session Chair: Hanna Onyshchenko, Bank of England |
| Do firms adjust their employment plans in response to monetary policy announcements? Evidence from German survey data |
| Presented by: Tim Kovalenko, Institute for Employment Research |
| Financial Constraints and Capital-Labor Substitution in Response to Monetary Policy |
| Presented by: Hanna Onyshchenko, Bank of England |
| Why doesn’t Quantitative Easing work in the same way everywhere? Evidence from the Covid-19 pandemic |
| Presented by: Anna Carruthers, University of Oxford/Bank of England |
| Limits to Monetary Policy: When Central Banks Diverge |
| Presented by: Sofia Sanchez Alegre, Universidad Carlos III de Madrid |
| Interpreting the Interpreter: Can We Model Post-ECB Conference Volatility with LLM Agents? |
| Presented by: Umberto Collodel, Central Bank of Malta |
| Session 39: POLITICAL ECONOMY May 26, 2026 10:30 to 12:30 Location: O - 310 |
| Session Chair: Yulia Neleptchenko, University of Haifa |
| Taxing the Peasant, Exempting the Lord |
| Presented by: Frode Martin Nordvik, Kristiania University College |
| Does Inequality Undermine Redistribution? Evidence from Local School Finance |
| Presented by: Ioana Schiopu, ESADE Business School |
| Hear Me Out Lobbying Frames and Policy |
| Presented by: Edgar Jimenez Bedolla, Paris Dauphine-PSL University |
| Forgiveness and crime dynamics: Empirical insights from the Catholic Great Jubilee of 2000 Event |
| Presented by: Yulia Neleptchenko, University of Haifa |
| Session 40: TIME SERIES ECONOMETRICS WORKSHOP 3 - Filtering and Prediction - Chair: Daniel Gutknecht (Goethe University of Frankfurt) May 26, 2026 10:30 to 12:30 Location: Sala de Conferencias |
| Session Chair: Paritosh Junare, Università di Bologna |
| Two Gaussians, Too Many: A bootstrap-based approach to assess identifiability in non-Gaussian structural vector autoregressions |
| Presented by: Paritosh Junare, Università di Bologna |
| A Statistical Dynamic Nonlinear Decomposition Model for the Environmental Kuznets Curve: a State-Space Approach |
| Presented by: Carolina Garcia-Martos, Universidad Politecnica de Madrid, Spain |
| Generative Predictive Distributions for Time Series |
| Presented by: Jordi Llorens-Terrazas, Universidad Carlos III de Madrid |
| How to catch a star? Reliability of filtering estimates in linear state space systems |
| Presented by: Gianni Amisano, Federal Reserve Board |
| High-Dimensional Tests for Systemic Risk Measures |
| Presented by: Daniel Gutknecht, Goethe University Frankfurt |
| Session 41: LUNCH May 26, 2026 12:30 to 14:00 Location: West interior courtyard (Patio interior oeste) |
| Session 42: KEYNOTE SESSION 5: Out-of-Sample Predictability Tests with Real-Time Data, Silvia Goncalves (McGill University) - Chair: Alessandra Luati (Imperial College London & University of Bologna) May 26, 2026 14:00 to 15:00 Location: Aula Magna |
| Session 43: KEYNOTE SESSION 6: Instrumental Variable Estimation via a Continuum of Instrument - Carlos Velasco (Universidad Carlos III de Madrid) - Chair: Ioannis Kasparis (University of Cyprus) May 26, 2026 15:00 to 16:00 Location: Aula Magna |
| Session 44: COFFEE BREAK May 26, 2026 16:00 to 16:30 Location: West interior courtyard (Patio interior oeste) |
| Session 45: BANKING STABILITY May 26, 2026 16:30 to 18:30 Location: O - 305 |
| Session Chair: Renzhi LIU, University Paris Dauphine-PSL |
| The state-contingent effect of changes in bank capital requirements |
| Presented by: Federico Puglisi, Bank of Italy |
| The Economics of Capital Buffer Usability |
| Presented by: Deepali Gautam, IMF |
| Cyber Incidents, Banking Stability and the Value of Supervisory Strictness |
| Presented by: Ludovico Rossi, CUNEF Universidad |
| When interest rate shock defies expectations: A precise methodology of stress testing for bond portfolios |
| Presented by: Andrey Pankratov, Université Laval |
| Safe Distance to Systemic Risk |
| Presented by: Renzhi LIU, University Paris Dauphine-PSL |
| Session 46: BAYESIAN ECONOMETRICS WORKSHOP 2: Macroeconomic Policy & Structural Shocks May 26, 2026 16:30 to 18:30 Location: Polavieja |
| Session Chair: Magali Marx, banque de france |
| Global Sectoral Supply Shocks, Inflation, and Monetary Policy |
| Presented by: Magali Marx, banque de france |
| The Anatomy of Monetary Policy Transmission: A Structural Decomposition |
| Presented by: Enrico Wegner, Maastricht University |
| Macroprudential Policy and Downside Risk: Regime-Dependent Effects of Capital Regulation |
| Presented by: Katalin Julianna Varga, MNB |
| Liquidity Shocks and the Real Economy |
| Presented by: Garo Garabedian, Central Bank of Ireland, Ghent University |
| The Macroeconomic Effects of Euro Area Macroprudential Policies: evidence from a narrative panel VAR |
| Presented by: Gerhard Rünstler, European Central Bank |
| Session 47: CLIMATE AND ENERGY FINANCE CONFERENCE 4 May 26, 2026 16:30 to 18:30 Location: O - 306 |
| Session Chair: Natalia Cassinello, universidad pontificia comillas |
| An iterative convergence procedure for electrification planning, regulation, and finance to achieve universal access |
| Presented by: Santos Diaz Pastor, MIT Energy Initiative & Institute for Research in Technology |
| Dynamic Effects of Supply and Demand on Electricity Prices during the Global Energy Crisis: Evidence from Japan |
| Presented by: Yohei Yamamoto, Hitotsubashi University |
| Carbon tax on CO2 emissions from oil extraction: The special case of Norway. |
| Presented by: Gracia Rahi, Université Clermont Auvergne, CNRS, IRD, CERDI, F-63000 Clermont-Ferrand |
| Carbon tax policies for the global economy |
| Presented by: Miguel Casares, Universidad Publica de Navarra |
| ESG scores and the risk-adjusted performance of sustainable mutual funds: Worldwide divergence in seven key geographical areas |
| Presented by: Natalia Cassinello, universidad pontificia comillas |
| Session 48: CLIMATE POLICY AND MACROFINANCIAL FLUCTUATIONS May 26, 2026 16:30 to 18:30 Location: O - 304 |
| Session Chair: Serena Ionta, Bocconi University |
| Uncertain Climate Policy as a Source of Macro-Financial Shocks: Evidence from Carbon Futures Volatility |
| Presented by: Serena Ionta, Bocconi University |
| Weather, Productivity and Work Reallocation: Evidence from UK Survey Interviewers |
| Presented by: Paulo Morais, University of Essex |
| European climate policy in the dynamic setting: A Functional principal component analysis model using weekly EU ETS Data |
| Presented by: Massimiliano Mazzanti, SEEDS e Università di Ferrara |
| The Macroeconomics of the Low-Carbon Transition: AI News, Bank Constraints, and Conditional Green Finance |
| Presented by: Laurentiu Guinea, Universidad Complutense de Madrid |
| Is There Evidence of GHG Leakage? Insights from Production and Consumption-Based Accounting |
| Presented by: Pınar Tat, Gebze Technical University |
| Session 49: COMMODITY SHOCKS AND THE MACROECONOMY May 26, 2026 16:30 to 18:50 Location: O - 301 |
| Session Chair: Marcelle Chauvet, University of California Riverside |
| Fracking the Union? Oil Shocks and the Rise of U.S. Political Polarization |
| Presented by: Rubens Morita, University of Exeter |
| Look-Though or Look Closer? Energy Shocks and Underlying Inflation in the Euro Area |
| Presented by: Rosi Chankova, Bank of England |
| The macroeconomics of energy shocks |
| Presented by: Umer Ameen, Birkbeck, University of London |
| Macroeconomic Effects of Commodity Price Uncertainty |
| Presented by: Lorenzo Tonni, University of Milan |
| Quantifying Demand Shocks in the Green and Digital Transition |
| Presented by: Marco Zoso, University of Milan-Bicocca and FEEM |
| Revisiting the Relationship between Geopolitical Risk and Oil Price Realized Volatility: A Markov-Switching Analysis |
| Presented by: Marcelle Chauvet, University of California Riverside |
| Session 50: LABOR MARKET AND MACROECONOMIC DYNAMICS May 26, 2026 16:30 to 18:30 Location: O - 302 |
| Session Chair: Ahmet Ali Taskin, Institute for Employment Research (IAB) |
| Estimating NAIRU for Subgroups of Civilian Population With Flexible Fourier Form |
| Presented by: Jing Li, Miami University |
| The Natural Rate of Interest in the Euro Area: Evidence from Inflation-Indexed Bonds |
| Presented by: Jens Christensen, Federal Reserve Bank of San Francisco |
| Welfare Analysis of Labor Market Policies in a HANK–SAM Framework |
| Presented by: Danila Smirnov, International Monetary Fund |
| Labor Market Shortages and the Phillips Curve |
| Presented by: Cristian Arcidiacono, University of Bern |
| Reduced labor market dynamism? Monetary Policy and the Ins and Outs of Firm Employment |
| Presented by: Ahmet Ali Taskin, Institute for Employment Research (IAB) |
| Session 51: MACROECONOMETRICS May 26, 2026 16:30 to 18:30 Location: O - 309 |
| Session Chair: Sebastian Fossati, University of Alberta |
| Unfolding Regional Business Cycles: Factor Models for Three-Way State-Level Tensors |
| Presented by: Sebastian Fossati, University of Alberta |
| Estimating Macroeconomic Effects of Government Spending Shocks |
| Presented by: Valerio Palagi, Università degli studi di Torino & Collegio Carlo Alberto |
| Measure matters and identification even more: unmasking the New Keynesian Phillips curve in the Euro Area |
| Presented by: Federico Neri, University of Bologna |
| A Shrinkage Factor-Augmented VAR for High-Dimensional Macro–Fiscal Dynamics |
| Presented by: Dimitra Kyriakopoulou, National Kapodistrian University of Athens |
| Measuring Macroeconomic Stars with Scarring Effects |
| Presented by: Manuel González-Astudillo, Board of Governors of the Federal Reserv |
| Session 52: TECHNICAL CHANGE IN GREEN AND DIGITAL TRANSITION May 26, 2026 16:30 to 18:30 Location: O - 303 |
| Session Chair: Angelica Bertucci, Università di Pavia |
| The Solow model under localized technical change |
| Presented by: Mehdi Senouci, CentraleSupelec/Université Paris-Saclay |
| Automation and Jobs: Skill Requirements and Employment in EU |
| Presented by: Orkhan Mammadov, Prague University of Economics and Business |
| Perceived AI Job Risk and Wellbeing |
| Presented by: Ana Suárez Álvarez, University of Oviedo |
| Modern Technology Use at Work |
| Presented by: Montserrat Vilalta-Bufi, Universitat de Barcelona |
| Beyond Green Jobs: how Climate change Policies reshape Skill demand |
| Presented by: Angelica Bertucci, Università di Pavia |
| Session 53: TIME SERIES ECONOMETRICS WORKSHOP 4 - Multivariate Models and Long Memory - Chair: Massimiliano Caporin (University of Padova) May 26, 2026 16:30 to 18:30 Location: Sala de Conferencias |
| Session Chair: Tomás del Barrio Castro, University of the Balearic Islands |
| Long memory in the marginalized time series of a VAR revisited |
| Presented by: Tomás del Barrio Castro, University of the Balearic Islands |
| Multivariate GARCH and portfolio variance prediction: a forecast reconciliation perspective |
| Presented by: Massimiliano Caporin, University of Padova |
| On the practical irrelevance of non-identifiability in VARMA models |
| Presented by: Matteo Pelagatti, Università di Milano-Bicocca |
| Testing the order of fractional integration when smooth deterministic trends are possibly present |
| Presented by: Mustafa Kilinc, |
| High Dimensional Generalised Penalised Least Squares |
| Presented by: Katerina Chrysikou, University of Leicester |
| Session 54: GALA DINNER May 26, 2026 20:00 to 23:00 Location: CLUB FINANCIERO GENOVA |
| Session 55: REGISTRATION May 27, 2026 8:00 to 9:00 Location: AA23 |
| Session 56: KEYNOTE SESSION 7: The information Matrix Test for Gaussian Mixtures - Enrique Sentana (CEMFI) - Chair: Roderick McCrorie (University of St. Andrews) May 27, 2026 9:00 to 10:00 Location: Aula Magna |
| Session 57: KEYNOTE SESSION 8: Decarbonization and Investments: A Path to a Green Economy - Eduardo Schwartz (Simon Fraser University) - Chair: Fernando Zapatero (Boston University) May 27, 2026 10:00 to 11:00 Location: Aula Magna |
| Session 58: COFFEE BREAK May 27, 2026 11:00 to 11:30 Location: West interior courtyard (Patio interior oeste) |
| Session 59: BAYESIAN ECONOMETRICS WORKSHOP 3: Volatility, Latent Factors & Financial Econometrics May 27, 2026 11:30 to 13:30 Location: Polavieja |
| Session Chair: Igor Ferreira Batista Martins, Örebro university |
| Stochastic dynamic correlations with exogenous shifts |
| Presented by: Igor Ferreira Batista Martins, Örebro university |
| Estimating unrestricted spatial interdependence in panel spatial autoregressive models with latent common factors |
| Presented by: Deborah Gefang, University of Leicester |
| Infinite sparse factor stochastic volatility model |
| Presented by: Martina Zaharieva, CUNEF Universidad |
| Volume-driven time-of-day effects in intraday volatility models |
| Presented by: Audrone Virbickaite, CUNEF Universidad |
| A Dynamic Factor Model for Level and Volatility |
| Presented by: Sofia Velasco, Banco de España |
| Session 60: CLIMATE AND ENERGY FINANCE CONFERENCE 5 May 27, 2026 11:30 to 13:30 Location: O - 306 |
| Session Chair: jinteng wu, university paris-dauphine-PSL |
| Energy prices, credit risk, and bank lending dynamics |
| Presented by: Marco Giometti, Universidad Carlos III de Madrid |
| Climate Change As a New Source of Systemic Risk: European Banks and Climate Risk Exposure |
| Presented by: Claudia Cannas, Università Cattolica del Sacro Cuore |
| Under Pressure: Sovereign Debt Challenges in a Warming World |
| Presented by: Caterina Seghini, Banque de France |
| Bivariate Weather Extremes and the US Economy |
| Presented by: Konstantin Boss, |
| Systemic_Risk_In_European_Electricity_Markets |
| Presented by: jinteng wu, university paris-dauphine-PSL |
| Session 61: CLIMATE AND ENERGY FINANCE CONFERENCE 6 May 27, 2026 11:30 to 13:30 Location: O - 307 |
| Session Chair: Massimiliano Bondatti, CUNEF Universidad |
| Commodity Returns: Lost in Financialization |
| Presented by: Massimiliano Bondatti, CUNEF Universidad |
| Climate Anomalies, Food Commodity Prices and Consumer Inflation |
| Presented by: Christina Anderl, Bank of England |
| Beyond "Greenflation": Heterogeneous Price Dynamics in Critical Mineral Markets Under the Energy Transition |
| Presented by: Karine Borri, University of São Paulo |
| SLOW MOVING AND LATENT SYSTEMIC RISK: EVIDENCE FROM AGRICULTURAL COMMODITY NETWORKS |
| Presented by: Polina Bulavko, Université Paris Dauphine-PSL |
| Data Depth and Predictive Models in the Oil Market: An Adaptive Approach |
| Presented by: Carlos Casarrubio, |
| Session 62: ENERGY EFFICIENCY AND GREEN TRANSITION May 27, 2026 11:30 to 13:30 Location: O - 305 |
| Session Chair: Charalampos Agiropoulos, University of Piraeus |
| From Coal to Green: Skills Pathways for Key Emerging Sectors in Just Transition Regions |
| Presented by: Charalampos Agiropoulos, University of Piraeus |
| When Regulation Lags Markets: The Cost of Equity Gap in Regulated Energy Networks |
| Presented by: Alexander Heiss, TUM |
| The Impact of the EU ETS on Sectoral CO2 emissions. |
| Presented by: Àlex Sanz, Universitat Autònoma de Barcelona |
| Energy Efficiency, Investment Constraints, and GDP Growth in Net-Zero Transitions: Evidence from Vietnam |
| Presented by: Christoph Schult, Halle Institute for Economic Research (IWH) |
| The Role of Firms in Green Transition |
| Presented by: Gulserim Ozcan, OECD |
| Session 63: FINANCIAL ECONOMETRICS May 27, 2026 11:30 to 13:30 Location: O - 304 |
| Session Chair: Angel Leon, Universidad de Alicante |
| Monotonic polynomial GARCH model for conditional higher moments |
| Presented by: Rouven Beiner, Leipzig University |
| Rediscovering Price Discovery |
| Presented by: Julien Ling, Collège de France |
| Estimation of Large Portfolios with High-Frequency Data |
| Presented by: Ilze Kalnina, North Carolina State University |
| ESG-Constrained Portfolio Optimization via Bayesian Optimization of Deep Reinforcement Learning Agents: A Soft-Hard Constraint Framework |
| Presented by: Eduardo César Garrido-Merchán, Universidad Pontificia Comillas (IIT) |
| An Eigenvector-Based Ranking and Portfolio Construction Framework: An Opportunity-Advantage Approach |
| Presented by: Angel Leon, Universidad de Alicante |
| Session 64: FISCAL POLICY 2 May 27, 2026 11:30 to 13:30 Location: O - 302 |
| Session Chair: Carl-Wolfram Horn, Frankfurt School of Finance & Management |
| What are the causal links between fiscal and extternal sustainability in the EU? New time-varying evidence |
| Presented by: António Afonso, ISEG-ULisboa |
| What drives fiscal partisanship? Evidence from Spanish local elections |
| Presented by: Carlos Victoria-Lanzon, Universidad Complutense de Madrid |
| Can social pacts deliver successful fiscal consolidations? |
| Presented by: Benedicta Marzinotto, Johns Hopkins University |
| Sovereign Debt Dynamics in the Euro-Zone: The Differential Impact of a Common Currency |
| Presented by: Luca Pegorari, Karlsruher Institut für Technologie (KIT) |
| Sovereign Bond Market Fragmentation and Monetary Policy in the Euro Area |
| Presented by: Carl-Wolfram Horn, Frankfurt School of Finance & Management |
| Session 65: GEOPOLITICAL RISK AND POLICIES May 27, 2026 11:30 to 13:30 Location: O - 301 |
| Session Chair: Taisuke Nakata, University of Tokyo |
| Geopolitics and the Price of Risk |
| Presented by: Marcin Pietrzak, Institute of Economic Sciences, Polish Academy of Sciences |
| Market Efficiency and Geopolitical Policies: An Event Study of the Semiconductor Industry |
| Presented by: Fatjon Kaja, Goethe University Frankfurt |
| Geopolitical risk in financial markets: an analysis of commodity hedging and stock returns in Europe |
| Presented by: Beatrice Bertelli, University of Modena and Reggio Emilia |
| Georisk and systemic risk in Europe's financial system -- Unpacking transmission channels |
| Presented by: Jelena Zivanovic, European Stability Mechanism |
| Optimal Lockdown Policy with Virus Mutation |
| Presented by: Taisuke Nakata, University of Tokyo |
| Session 66: HOUSING PRICES AND BOOMS May 27, 2026 11:30 to 13:30 Location: O - 309 |
| Session Chair: Sangyup Choi, Yonsei University |
| When Do Investors Buy Rental Properties? Insights From A Theoretical and Empirical Investigation of Housing Market Breakeven Vacancies |
| Presented by: Zhongxia (Sam) Zhang, International Monetary Fund |
| Disentangling the drivers of exuberant house prices |
| Presented by: Clemente Pinilla-Torremocha, Bank of England, and European Research University |
| Credit-driven economy: A unified framework of segregated boom, asset inflation and monetary policy |
| Presented by: Hitoshi Hayakawa, Hokkaido University |
| Soft lending standards, hard consequences: how housing booms undermine productive investment |
| Presented by: Sangyup Choi, Yonsei University |
| Session 67: INFLATION AND EXPECTATIONS May 27, 2026 11:30 to 13:30 Location: O - 310 |
| Session Chair: Joaquin Waldman, Universidad de Buenos Aires |
| Inflation Plucking Cycles |
| Presented by: Oskar Juul, Copenhagen Business School |
| Speaking of Inflation: The Influence of Fed Speeches on Expectations |
| Presented by: Eleonora Granziera, Norges Bank |
| Inflation Expectations and Wage Setting Under Collective Bargaining |
| Presented by: Kristin Mjølnerød, Norges Bank |
| Unobserved Components with Stochastic Volatility and Volatility Responsiveness (UCSVVR) |
| Presented by: Gabriel Arce-Alfaro, Central Bank of Ireland |
| Chronic inflation and the costs of not addressing an upsurge in time |
| Presented by: Joaquin Waldman, Universidad de Buenos Aires |
| Session 68: INTEREST RATES May 27, 2026 11:30 to 13:30 Location: O - 303 |
| Session Chair: Qichen Zhou, Nanjing University |
| Emergency Lending, Macroeconomic Conditions, and Bank Loan Spreads: Evidence from the Main Street Lending Program |
| Presented by: Qichen Zhou, Nanjing University |
| Information in (and not in) interest rates surveys |
| Presented by: Adam Golinski, Banque de France |
| Interest Rate Volatility and the Equity Term Structure |
| Presented by: Alexandre Remiat, Kanopy-AM |
| Extreme Events in Corporate Bond Spreads |
| Presented by: Anjeza Kadilli, University of Applied Sciences of Western Switzerland, Geneva |
| Session 69: LUNCH May 27, 2026 13:30 to 14:30 Location: West interior courtyard (Patio interior oeste) |
| Session 70: BAYESIAN ECONOMETRICS WORKSHOP 4: Prediction & Market Dynamics May 27, 2026 14:30 to 16:30 Location: O - 304 |
| Session Chair: ANDRES RAMIREZ HASSAN, Universidad EAFIT |
| External Validity as Prediction Hierarchical Modeling of Treatment Effect Heterogeneity |
| Presented by: ANDRES RAMIREZ HASSAN, Universidad EAFIT |
| A Bayesian Analysis of the Cox-Ingersoll-Ross Model |
| Presented by: Lluc Puig Codina, University of Alicante |
| Beyond Conditional Second Moments: Does Nonparametric Density Modelling Matter to Portfolio Allocation? |
| Presented by: John Maheu, McMaster |
| Theory-based priors for the output gap |
| Presented by: Andrea Renzetti, Bank of England; Bocconi University |
| Heterogeneous Peer Effects with Endogenous Network Formation |
| Presented by: Santiago Montoya-Blandón, University of Glasgow |
| Session 71: BAYESIAN ECONOMETRICS WORKSHOP 5: Advanced Identification and Shrinkage in Multivariate Time Series May 27, 2026 14:30 to 16:30 Location: Polavieja |
| Session Chair: Oriol González-Casasús, Universitat Pompeu Fabra |
| Misspecification-Robust Shrinkage and Selection for VAR Forecasts and IRFs |
| Presented by: Oriol González-Casasús, Universitat Pompeu Fabra |
| Dynamic Consumer Demand at Large Scale |
| Presented by: Anna Schmidt, Heinrich Heine University Düsseldorf |
| Bayesian Markov-Switching Partial Reduced-Rank Regression |
| Presented by: Maria Fernanda Pintado, CUNEF Universidad |
| A geometric approach to factor model identification |
| Presented by: Sylvia Kaufmann, Study Center Gerzensee and University of |
| Power Prior for VARs |
| Presented by: Martin Fankhauser, Bocconi University |
| Session 72: CLIMATE AND ENERGY FINANCE CONFERENCE 7 May 27, 2026 14:30 to 16:30 Location: O - 306 |
| Session Chair: Andrés Alonso, Universidad Carlos III de Madrid |
| From Climate to Economy: Understanding Climate Risks in the U.S. Market |
| Presented by: Maria Francisca Carvalho, Lancaster University |
| The Impact of Corporate ESG Performance on Stock Price Efficiency |
| Presented by: Sinian Zheng, University College Dublin |
| Multiscale Tail-Risk Connectedness between Carbon, Clean Energy and Agriculture: Evidence from Maximal Overlap Discrete Wavelet Transform and Extreme Value Theory |
| Presented by: shaohua wu, Loughborough University |
| Graded factors: a new approach to the cross-section of returns and risk |
| Presented by: Jorge Merladet, Universidad Pontificia comillas |
| Forecasting the Electricity Load Daily Peaks at Regional Level |
| Presented by: Andrés Alonso, Universidad Carlos III de Madrid |
| Session 73: CONSUMPTION AND PRECAUTIONARY SAVINGS May 27, 2026 14:30 to 16:30 Location: O - 305 |
| Session Chair: Luigi Ventura, Sapienza, University Rome |
| Identifying the Marginal Propensity to Consume |
| Presented by: Marco D’Amico, Uppsala University |
| The Role of Expenditure Risk in Household Wealth Dynamics |
| Presented by: Luigi Maria Briglia, University of Tübingen |
| Precautionary Saving under Ambiguity: Effects on Wealth Inequality |
| Presented by: Ana Santos, Adam Smith Business School University of Glasgow |
| Consumption Dynamics and Welfare Implications under Diagnostic Expectations |
| Presented by: Jinting Guo, Goethe University Frankfurt |
| Do Non-Prudent Consumers Ever Engage in Precautionary Saving? |
| Presented by: Luigi Ventura, Sapienza, University Rome |
| Session 74: CORPORATE DYNAMICS May 27, 2026 14:30 to 16:30 Location: O - 301 |
| Session Chair: Karine Borri, University of São Paulo |
| Dual Effects of Financial Constraints on Innovative Efficiency: Evidence from a Semiparametric Panel Model |
| Presented by: Karine Borri, University of São Paulo |
| Shareholder Empowerment and Ownership Structure in a Free-Contracting Environment |
| Presented by: Salvatore Miglietta, BI Norwegian Business School |
| Heterogeneity of covenants and corporate financial behaviour |
| Presented by: maria elena bontempi, University of Bologna |
| Interest Rate Pass-Through to Euro Area Corporate Lending Rates: Does Asymmetry Matter? |
| Presented by: Steve Billon, University of Strasbourg |
| Three-phase modelling scheme based on data augmentation and its application to Loss given default (LGD) estimation |
| Presented by: Paweł Kopciuszewski, ING HUBS Poland |
| Session 75: INDUSTRY AND FINANCIAL RISK May 27, 2026 14:30 to 16:30 Location: O - 302 |
| Session Chair: Ana Marija Filipas, Faculty of Economics and Business, University of Rijeka / School of Economics and Business, University of Ljubljana |
| Does Biodiversity Risk Affect Financial Risk? Evidence from U.S. Firms. |
| Presented by: Almudena García-Sanz, Complutense University of Madrid |
| Valuation of Regulatory Risk on Pharmaceutical R&D |
| Presented by: Teresa Corzo, Universidad Pontificia Comillas |
| Quantifying the Experience Premium in Solar Capital Costs |
| Presented by: Robin Fischer, |
| Can Monitoring Curb Moral Hazard in Green Investments? Evidence from International Carbon Offset Program |
| Presented by: Vikram Nanda, University of Texas at Dallas |
| Bayesian Disaggregation of Subnational Institutional Quality: An Application to the 2020 Croatian Earthquakes |
| Presented by: Ana Marija Filipas, Faculty of Economics and Business, University of Rijeka / School of Economics and Business, University of Ljubljana |
| Session 76: INTERNATIONAL ECONOMICS 2 May 27, 2026 14:30 to 16:30 Location: O - 309 |
| Session Chair: Luis-Felipe Arizmendi, Universidad Pontificia Comillas |
| When Men Work, Do Women Work? Sectoral Patterns of Intra- household Labor Supply in India |
| Presented by: Meghna ., Indian Institute of Technology Indore |
| Macroeconomic Consequences of the Spanish Transition to Democracy |
| Presented by: Cristino Abril De Maya, State University of New York at Binghamton |
| Capital Across Borders, Jobs at Home: The FDI-Unemployment Nexus in the OECD |
| Presented by: Kaan Celebi, University of Technology Chemnitz |
| Payment Terms and Heterogeneous Shock Transmission in Production Networks |
| Presented by: Felipe Leal, UCLA |
| The Integration Paradox: A Panel Data VAR Approach ot Business Cycle Asymmetries in the Andean Community (1990 - 2024) |
| Presented by: Luis-Felipe Arizmendi, Universidad Pontificia Comillas |
| Session 77: MACROECONOMIC FLUCTUATIONS May 27, 2026 14:30 to 16:30 Location: O - 310 |
| Session Chair: Diego Gonzales, MEF |
| What Did the Fed Really Say? Disentangling Policy and Information Spillovers to Global Equity Markets |
| Presented by: João Fernandes, Luiz de Queiroz College of Agriculture, University of São Paulo ESALQ/USP |
| Banks and Monetary Policy in a Monetary Union: Empirical Evidence from the West African Economic and Monetary Union |
| Presented by: Ahmad Hassan Ahmad, Loughborough University |
| Exchange Rate Regime Ambiguity and Monetary Policy Uncertainty: A Multi-Method Consensus Framework |
| Presented by: Luciano Silva, Pontificia Universidad Católica del Perú |
| Fiscal Policy at the Effective Lower Bound |
| Presented by: Pakpicha Pathompituknukoon, Kasetsart University |
| Are External Shocks Enough to Explain Macroeconomic Fluctuations in Small Open Economies? |
| Presented by: Diego Gonzales, MEF |
| Session 78: MACROECONOMIC SHOCKS May 27, 2026 14:30 to 16:30 Location: O - 303 |
| Session Chair: Alessandra Centinaio, LIUC Università Cattaneo |
| Asymmetric Spillovers of idiosyncratic cycles in the European Union: Core-Periphery and Old-New Members Analysis |
| Presented by: Aránzazu de Juan Fernández, Universidad Autónoma de Madrid |
| The Transmission of Foreign Economic Surprises |
| Presented by: Julio Ortiz, Federal Reserve Board |
| Exporting inflation |
| Presented by: Mauricio Stern, Bank of Mexico |
| Fiscal Shocks and Financial Risk |
| Presented by: Benedikt Kolb, Deutsche Bundesbank |
| Fiscal Policy and Financial Markets: Do Revenue and Spending Shocks Matter Differently? |
| Presented by: Alessandra Centinaio, LIUC Università Cattaneo |
| Session 79: NATURAL RESOURCE AND BRICS May 27, 2026 14:30 to 16:30 Location: O - 307 |
| Session Chair: Emerson Marçal, CEMAP-EESP-FGV and CSSA-Mackenzie |
| Environmental Policy, Household Heterogeneity, and Macroeconomic Fluctuations |
| Presented by: Harun Nasir, Zonguldak Bulent Ecevit University |
| Agree to Disagree: Robust Yield Prediction for Indian Farms using a weighted Multi-MLMs, Multifold Framework, using NSSO Data |
| Presented by: Sukanya Mukherjee, Institute of Economics Research in Halle (Saale) |
| Global Temperature Shocks and U.S. Food Price Inflation |
| Presented by: Mohamad Karaki, Lebanese American University |
| Awareness, Infrastructure, and Rare Adoption: Evidence on Microgrids from Rural India |
| Presented by: Srikant Shaw, Indian Institute of Technology Madras |
| The Trade-Off Between Fossil Fuels and Renewable Ethanol: Evidence from Brazil’s Fuel Market |
| Presented by: Emerson Marçal, CEMAP-EESP-FGV and CSSA-Mackenzie |
| Session 80: COFFEE BREAK May 27, 2026 16:30 to 17:00 Location: West interior courtyard (Patio interior oeste) |
| Session 81: KEYNOTE SESSION 9: Temperature Distributional Shocks: Identification and Macroeconomic Effects, Jesus Gonzalo (Universidad de Madrid Carlos III) - Chair: Isabel Figuerola Ferretti (Universidad Pontificia Comillas) May 27, 2026 17:00 to 18:00 Location: Aula Magna |
| Session 82: END OF THE CONFERENCE May 27, 2026 18:00 to 18:15 Location: AULA MAGNA |
| # | Participant | Roles in Conference |
|---|---|---|
| 1 | ., Meghna | P76 |
| 2 | Abad, Jorge | P12 |
| 3 | Abril De Maya, Cristino | P76 |
| 4 | Afonso, António | P64 |
| 5 | Agiropoulos, Charalampos | P62, C62 |
| 6 | Ahmad, Ahmad Hassan | P77 |
| 7 | Alm, Henrike | P8, C8 |
| 8 | Alonso, Andrés | P72, C72 |
| 9 | Alonso-Robisco, Andres | P10, C10 |
| 10 | Ameen, Umer | P49 |
| 11 | Amisano, Gianni | P40 |
| 12 | Ampudia, Miguel | P21 |
| 13 | Anderl, Christina | P61 |
| 14 | Arcalean, Calin | P22 |
| 15 | Arce-Alfaro, Gabriel | P67 |
| 16 | Arcidiacono, Cristian | P50 |
| 17 | Arizmendi, Luis-Felipe | P76, C76 |
| 18 | Baillie, Richard | P23 |
| 19 | Ballarin, Giovanni | P15 |
| 20 | Barajas, Adolfo | P21, C21 |
| 21 | Bauer, Lukas | P15 |
| 22 | Beiner, Rouven | P63 |
| 23 | Bermejo, Vicente | P33 |
| 24 | Bertelli, Beatrice | P65 |
| 25 | Bertucci, Angelica | P52, C52 |
| 26 | Billon, Steve | P74 |
| 27 | Bin Muqbel, Nouf | P21 |
| 28 | Bondatti, Massimiliano | P61, C61 |
| 29 | Boni, Sara | P22 |
| 30 | bontempi, maria elena | P74 |
| 31 | Borri, Karine | P61, P74, C74 |
| 32 | Boss, Konstantin | P60 |
| 33 | Briglia, Luigi Maria | P73 |
| 34 | Bulavko, Polina | P61 |
| 35 | Cagnazzo, Alberto | P36 |
| 36 | Canepa, Alessandra | P34 |
| 37 | Cannas, Claudia | P60 |
| 38 | Caporin, Massimiliano | P53 |
| 39 | Carrion-i-Silvestre, Josep Lluís | P13 |
| 40 | Carruthers, Anna | P38 |
| 41 | Carvalho, Maria Francisca | P72 |
| 42 | Casares, Miguel | P47 |
| 43 | Casarrubio, Carlos | P61 |
| 44 | Cassinello, Natalia | P47, C47 |
| 45 | Celebi, Kaan | P76 |
| 46 | Centinaio, Alessandra | P78, C78 |
| 47 | Chankova, Rosi | P49 |
| 48 | Chauvet, Marcelle | P49, C49 |
| 49 | Chen, Jesse | P23 |
| 50 | Chen, Chaoyi | P34 |
| 51 | Choi, Sangyup | P66, C66 |
| 52 | Choi, Chang kon | P35 |
| 53 | Choi, CY | P5 |
| 54 | Christensen, Jens | P50 |
| 55 | Christou, Christina | P11 |
| 56 | Chrysikou, Katerina | P53 |
| 57 | Claeys, Peter | P19 |
| 58 | Colamartino, Chiara | P17, C17 |
| 59 | Collado Van-Baumberghen, Natalia | P17 |
| 60 | Collodel, Umberto | P38 |
| 61 | Colombo, Daniele | P11 |
| 62 | Corzo, Teresa | P75 |
| 63 | Coulombe, Philippe | P11, C11 |
| 64 | Croutzet, Alexandre | P17 |
| 65 | Danov, Nikolay | P23 |
| 66 | Datsenko, Ruslana | P21 |
| 67 | D’Amico, Marco | P73 |
| 68 | de Juan Fernández, Aránzazu | P78 |
| 69 | De Polis, Andrea | P23, C23 |
| 70 | Deegan, Sam | P18 |
| 71 | del Barrio Castro, Tomás | P53, C53 |
| 72 | Dias, Kaio | P9, C9 |
| 73 | Diaz Pastor, Santos | P47 |
| 74 | Dietrich, Diemo | P9 |
| 75 | DOMINGUEZ JIMENEZ, MARTA | P22 |
| 76 | Egbétoké, Amétépé | P10 |
| 77 | Elsayed, Moaz | P19 |
| 78 | Escribano, Alvaro | P34 |
| 79 | Evdokimov, Kirill | P35 |
| 80 | Fabra, Natalia | P5, C5 |
| 81 | Fankhauser, Martin | P71 |
| 82 | Fernandes, João | P77 |
| 83 | Ferreira Batista Martins, Igor | P59, C59 |
| 84 | Figuerola Ferretti, Isabel | P5 |
| 85 | Filipas, Ana Marija | P75, C75 |
| 86 | Fischer, Robin | P75 |
| 87 | Fossati, Sebastian | P51, C51 |
| 88 | Francisco, Marlon | P20 |
| 89 | Fratini, Andrea | P19, C19 |
| 90 | Gadea, Maria Dolores | P34, C34 |
| 91 | Galfrascoli, Paola | P33 |
| 92 | Galli, Fausto | P8 |
| 93 | Gao, Xin | P9 |
| 94 | Garabedian, Garo | P46 |
| 95 | García-Sanz, Almudena | P75 |
| 96 | Garcia Ares, Pedro | P18 |
| 97 | Garcia-Jorcano, Laura | P10 |
| 98 | Garcia-Martos, Carolina | P40 |
| 99 | Garrido-Merchán, Eduardo César | P63 |
| 100 | Gautam, Deepali | P45 |
| 101 | Gauthier, David | P12 |
| 102 | Gefang, Deborah | P59 |
| 103 | Giometti, Marco | P60 |
| 104 | Golinski, Adam | P68 |
| 105 | Gonzales, Diego | P77, C77 |
| 106 | González, Xulia | P9 |
| 107 | González-Astudillo, Manuel | P51 |
| 108 | González-Casasús, Oriol | P71, C71 |
| 109 | Granziera, Eleonora | P67 |
| 110 | Guinea, Laurentiu | P48 |
| 111 | Guo, Jinting | P73 |
| 112 | Gutierrez, Bryan | P18 |
| 113 | Gutknecht, Daniel | P40 |
| 114 | Gutsch, Alexandra | P36, C36 |
| 115 | Habibnia, Ali | P32 |
| 116 | Harpedanne de Belleville, Louis-Marie | P5 |
| 117 | Hayakawa, Hitoshi | P66 |
| 118 | Heiss, Alexander | P62 |
| 119 | Hong, Seokki | P15, C15 |
| 120 | Horn, Carl-Wolfram | P64, C64 |
| 121 | Huber, Jeremias | P31 |
| 122 | Hwang, Jungbin | P13 |
| 123 | Iacopini, Matteo | P32, C32 |
| 124 | Ionta, Serena | P48, C48 |
| 125 | Iskrev, Nikolay | P35, C35 |
| 126 | Isojaervi, Anni | P6 |
| 127 | Issler, João | P31, C31 |
| 128 | Jensen, Christian | P20 |
| 129 | Jimenez Bedolla, Edgar | P39 |
| 130 | Junare, Paritosh | P40, C40 |
| 131 | Juul, Oskar | P67 |
| 132 | Kadilli, Anjeza | P68 |
| 133 | Kaja, Fatjon | P65 |
| 134 | Kalnina, Ilze | P63 |
| 135 | Kamkar, Kilian | P16, C16 |
| 136 | Karaki, Mohamad | P79 |
| 137 | Kaufmann, Sylvia | P71 |
| 138 | Kilic, Rehim | C7, P35 |
| 139 | Kilinc, Mustafa | P53 |
| 140 | Kim, Harim | P9 |
| 141 | Kolb, Benedikt | P78 |
| 142 | Kopciuszewski, Paweł | P74 |
| 143 | Kovalenko, Tim | P38 |
| 144 | Kurter, Zeynep | P7 |
| 145 | Kyriakopoulou, Dimitra | P51 |
| 146 | Laliotis, Ioannis | P20 |
| 147 | Leal, Felipe | P76 |
| 148 | Ledesma Goyzueta, Luis | P16 |
| 149 | Lee, So Jin | P15 |
| 150 | Leon, Angel | P63, C63 |
| 151 | Li, Jing | P50 |
| 152 | Ling, Julien | P63 |
| 153 | LIU, Renzhi | P45, C45 |
| 154 | Liu, Jiaxun | P18 |
| 155 | Llorca-Vivero, Rafael | P37, C37 |
| 156 | Llorens-Terrazas, Jordi | P40 |
| 157 | Llorente-Alvarez, Guillermo | P7 |
| 158 | Longarela, Iñaki | P5 |
| 159 | Maheu, John | P70 |
| 160 | Mammadov, Orkhan | P52 |
| 161 | Marçal, Emerson | P79, C79 |
| 162 | Marx, Magali | P46, C46 |
| 163 | Marzinotto, Benedicta | P64 |
| 164 | Mazzali, Marco | P13, C13 |
| 165 | Mazzanti, Massimiliano | P48 |
| 166 | McCrorie, Roderick | P33, C33 |
| 167 | Merladet, Jorge | P72 |
| 168 | Micco, Alejandro | P8 |
| 169 | Miglietta, Salvatore | P74 |
| 170 | Mirto, Elisabetta | P36 |
| 171 | Mjølnerød, Kristin | P67 |
| 172 | Mones, Pablo | P35 |
| 173 | Montes-Galdon, Carlos | P32 |
| 174 | Montoya-Blandón, Santiago | P70 |
| 175 | Morais, Paulo | P48 |
| 176 | Morana, Claudio | P10 |
| 177 | Morita, Rubens | P49 |
| 178 | Mukherjee, Sukanya | P79 |
| 179 | MUZZIOLI, Silvia | P33 |
| 180 | Nakata, Taisuke | P65, C65 |
| 181 | Nanda, Vikram | P75 |
| 182 | Nasir, Harun | P79 |
| 183 | Neleptchenko, Yulia | P39, C39 |
| 184 | Neri, Federico | P51 |
| 185 | Nikolaishvili, Giorgi | P11 |
| 186 | Nordvik, Frode Martin | P39 |
| 187 | O'Neill, Eoghan | P32 |
| 188 | Okano, Eiji | P21 |
| 189 | Okhah, Ruth | P16 |
| 190 | Onyshchenko, Hanna | P38, C38 |
| 191 | Orlik, Anna | P12 |
| 192 | Ortiz, Julio | P78 |
| 193 | Ossola, Elisa | P31 |
| 194 | Ostapenko, Nataliia | P36 |
| 195 | Ozcan, Gulserim | P62 |
| 196 | Pal Mustafi, Utso | P23 |
| 197 | Palagi, Valerio | P51 |
| 198 | Pankratov, Andrey | P45 |
| 199 | Papagni, Francesca | P11 |
| 200 | Paraskevopoulos, Ioannis | P37 |
| 201 | Pathompituknukoon, Pakpicha | P77 |
| 202 | Patiti, Daniele | P22 |
| 203 | Pegorari, Luca | P64 |
| 204 | Pelagatti, Matteo | P53 |
| 205 | Penalva Zuasti, Jose | P31 |
| 206 | Pfaffermayr, Michael | P37 |
| 207 | Pham, Han | P17 |
| 208 | Pietrzak, Marcin | P65 |
| 209 | Pinilla-Torremocha, Clemente | P66 |
| 210 | Pintado, Maria Fernanda | P71 |
| 211 | Puglisi, Federico | P45 |
| 212 | Puig Codina, Lluc | P70 |
| 213 | Rahi, Gracia | P47 |
| 214 | RAMIREZ HASSAN, ANDRES | P70, C70 |
| 215 | Ramos, Andrey | P10 |
| 216 | Rünstler, Gerhard | P46 |
| 217 | Remiat, Alexandre | P68 |
| 218 | Renzetti, Andrea | P70 |
| 219 | Rodríguez, Juan | P34 |
| 220 | Rodriguez, Marta | P12, C12 |
| 221 | Rogna, Marco | P16 |
| 222 | Rossi, Ludovico | P45 |
| 223 | Ruiz, Esther | P13 |
| 224 | Sanchez Alegre, Sofia | P38 |
| 225 | Santos, Ana | P73 |
| 226 | Sanz, Àlex | P62 |
| 227 | Saveska, Kristina | P20, C20 |
| 228 | Schaubert, Marianna | P8 |
| 229 | Scheckel, Tobias | P32 |
| 230 | Schiopu, Ioana | P39 |
| 231 | Schmidt, Anna | P71 |
| 232 | Schneider, Fabiola | P17 |
| 233 | Schult, Christoph | P62 |
| 234 | Segato, Federico | P20 |
| 235 | Seghini, Caterina | P60 |
| 236 | Semenov, Andrei | P7 |
| 237 | Senouci, Mehdi | P52 |
| 238 | Seo, Byeongseon | P15 |
| 239 | Shaw, Srikant | P79 |
| 240 | Shehaj, Pranvera | P16 |
| 241 | Silva, Luciano | P77 |
| 242 | Simon, Laure | P37 |
| 243 | Smirnov, Danila | P50 |
| 244 | Sola, Martin | P15 |
| 245 | Song, Mengying | P8 |
| 246 | Staehr, Karsten | P19 |
| 247 | Stern, Mauricio | P78 |
| 248 | Suárez Álvarez, Ana | P52 |
| 249 | Sufana, Razvan | P6 |
| 250 | Taskin, Ahmet Ali | P50, C50 |
| 251 | Tat, Pınar | P48 |
| 252 | Tebaldi, Claudio | P36 |
| 253 | Tercero-Lucas, David | P6, C6 |
| 254 | Tonni, Lorenzo | P49 |
| 255 | Ugarte-Ruiz, Alfonso | P11 |
| 256 | Valdesogo, Alfonso | P31 |
| 257 | Varga, Katalin Julianna | P46 |
| 258 | Velasco, Sofia | P59 |
| 259 | Ventura, Luigi | P73, C73 |
| 260 | Ventura Flores, Miguel | P7 |
| 261 | Victoria-Lanzon, Carlos | P64 |
| 262 | Vilalta-Bufi, Montserrat | P52 |
| 263 | Virbickaite, Audrone | P59 |
| 264 | Vladu, Andreea Liliana | P6 |
| 265 | Waldman, Joaquin | P67, C67 |
| 266 | Wegner, Enrico | P46 |
| 267 | Wesołowski, Grzegorz | P37 |
| 268 | Wozniak, Krzysztof | P6 |
| 269 | wu, shaohua | P72 |
| 270 | wu, jinteng | P60, C60 |
| 271 | Xu, Tracy | P22, C22 |
| 272 | Yamamoto, Yohei | P47 |
| 273 | Zaharieva, Martina | P59 |
| 274 | Zander, Dennis | P19 |
| 275 | Zanetti Chini, Emilio | P13 |
| 276 | Zapatero, Fernando | P33 |
| 277 | Zeynalov, Ayaz | P18, C18 |
| 278 | Zhang, Zhongxia (Sam) | P66 |
| 279 | Zheng, Sinian | P72 |
| 280 | Zhou, Qichen | P68, C68 |
| 281 | Zivanovic, Jelena | P65 |
| 282 | Zoso, Marco | P49 |
This program was last updated on 2026-05-25 09:48:47 EDT