Program for the 2015 DGPE workshop at Sandbjerg Manor, November 19-20, 2015

Size: px
Start display at page:

Download "Program for the 2015 DGPE workshop at Sandbjerg Manor, November 19-20, 2015"

Transcription

1 Program for the 2015 DGPE workshop at Sandbjerg Manor, November 19-20, 2015 Thursday 19 November 1 12:00-13:00 Lunch Presenter: Title: 13:00 Bo Sandemann Rasmussen Welcome to the Annual DGPE Workshop Keynote Lecture: Title: Chair: 13:10-14:10 Morten O. Ravn, UCL (S)cars and the Great Recession Bo Sandemann Rasmussen 14:10-14:30 Coffee Education 14:30-16:10 Anne Nandrup Increasing Instruction Time in School Does Increase Learning - but not for Everyone Sarah Sander Nielsen Morten Krægpøth Performance Information Across the Ability Distribution Mikkel Gandil Louise Beuchert Teacher Gender and Student Achievement Mathias Benediktson Eva Rye Johansen Do Parents Move Away from Large Classes? Anne-Line Koch Helsoe 16:10-16:40 Coffee and cake Time Series Econometrics 16:40-18:20 José Eduardo Vera Valdes Long Memory and Cross-Sectional Aggregation Silvana Acosta Carsten P.T. Rosenskjold Estimating and Forecasting the Age Structure of Mortality by a Parametric Factor Model Marcus Mølbak Ingholt Mikkel Bennedsen Semiparametric Estimation and Inference of the Fractal Index of a Time Series Using the Local Fractional Bootstrap Anne Lundgaard Hansen Jacob Guldbæk Mikkelsen Maximum Likelihood Estimation of Time-Varying Factor Loadings in High-Dimensional Factor Models Douglas Eduardo Turatti 19:00 Dinner

2 Thursday 19 November 2 Macro, Finance, Labour Marcus Mølbak Ingholt Introducing a Collateral Constraint and Union Unemployment into an Estimated DSGE Model Mads Dang Andreea Maerean Monetary Policy and Equity Markets Kasper Jørgensen Girum Abate House Price Fluctuations and the Business Cycle Dynamics Claes Bäckman Janne Nyborg Jensen The Welfare Effects of Business Cycle Dependent Unemployment Benefits with Endogenous Search and Precautionary Savings Kai Rehwald Health Christian Skovgaard Migration, Vitamin D Deficiency, and Life Expectancy Ludvig Wier Peter Thingholm The Cost of Nonadherence - Estimating the Effects of Adherence to Anti-Cholesterol Drugs on the Risk of CVD Hospitalizations Mikkel Pedersen Anne Sophie Oxholm Can Design of Capitation-Based Payment Systems Affect Physicians' Prioritisation of High-Need Patients? Mette Trier Damgaard Peter Egedesø Madsen The Effect of Clean Filtered Water on Mortality in Denmark Girum Abate

3 Thursday 19 November 3 Banking, Financial Economics Adam Sheridan The Run for Safety: Financial Fragility and Deposit Insurance Pia Mølgaard Tobin Hanspal How Does Liquidity Affect Entrepreneurship? Kirstine Boye Petersen Olga Balakina Network Effect on Stock Market Participation Jesper Pedersen Christian Skov Jensen Generalized Recovery Theorem Mikkel Bennedsen Development Lena Sperling Natural Disasters and Labor Market Inequality Ruby Elorm Agbenyega Ulrik Beck Keep it real: Measuring Inequality Using Survey Data from Developing Coutries Mugdha Vaidya Heidi Kaila A Time-Series Analysis of the Insurgency in Jammu and Kashmir Wei Ruen Leong

4 Friday 20 November 4 7:30-9:00 Breakfast Household Finance 9:00-10:15 Henrik Yde Andersen Do Tax Incentives for Saving in Pension Accounts Cause Debt Accumulation? Evidence from Danish Register Data Amalie Sofie Jensen Kai Rehwald Do Higher Saving Subsidies Promote Private Retirement Investments? Evidence from a Natural Experiment Tobin Hanspal Louise Charlotte Willerslev-Olsen Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark Anne Nandrup 10:15-10:45 Coffee Experimental Economics 10:45-12:00 Mette Trier Damgaard The Hidden Cost of Nudging: Experimental Evidence on Reminders and Unsubscribing Helene Willadsen Edward Webb Looking for Salience: Eye-Tracking and Preference Reversals Julie Marx Lasse Jensen Discount Rate Elicitation and Sensitivity to Consumption Smoothing and Background Consumption Andreas Gotfredsen 12:00-13:00 Lunch and departure Important: 25 minutes is allocated to each presentation including discussion. That should leave minutes for the presentation of the paper, 2-3 minutes for the discussant and 2-3 minutes for general discussion. The last presenter of each session is the chair person of the session and should keep the time schedule strictly (or there is less time for his/her own presentation ). Please check that the technical side of the presentation is working before the beginning of the session to avoid loss of valuable time during the session.

5 Friday 20 November 5 Labour Economics Philip Rosenbaum Early Labour Market Disruption: Effect of Young Adult Childbearing on the Women's Labour Market Outcome Maria Juul Hansen Bastien Michel The Impact of Incarceration in Denmark Patrick Bennet Cristina Victoria Radu The Effect of Serfdom on Labor Markets Shihan Du Household Finance, Environmental Economics, Trade Amalie Sofie Jensen The Drawdown of Wealth in Retirement - with a Focus on Home Equity Tapping at the Time of a Partner's Death Jonas Bødker Peter Kruse-Andersen Growth Effects of Environmental Policy, when Production and Pollution Abatement Technologies are Embodied in Separate Merve Kumas Jonas Juul Henriksen Heterogenous Workers, Unemployment and Trade Natnael Simachew Nigatu

6 Friday 20 November 6 Time Series Econometrics, Energy Markets Carlos V. Rodriguez-Caballero Multi-Level Factor Model with Long-Range Dependence Jakob Guldbæk Mikkelsen Oskar Knapik Forecasting Electricity Price Jumps Occurence in the Nord Pool Power Market Carsten P.T. Rosenskjold Ioana Neamtu Wind Power Effects on Price Level and Volatility - an Econometric Analysis of Electricity Prices José Eduardo Vera Valdes Empirical Finance Kasper Jørgensen Short-Run Consumption Risk in the Long-Run Risk Model Christian Skov Jensen Kirstine Boye Petersen Persistent Debt Holdings Louise Charlotte Willerslev-Olsen Jesper Pedersen Forecasting and Controlling Drawdown Risk: An Empirical Investigation Thor Nielsen

7 Friday 20 November 7 Room: 1st Floor, The Stable (1. sal, Stalden) Micro Theory, Education Jesper Breinbjerg Equilibrium Arrival Times to a Queue with Impatient Customers Allan Balsgaard Andreas Bjerre-Nielsen Matching under Persistent Peer Effects - Endogenous Sorting and Inequality Jonas Juul Henriksen Mugdha Vaidya Behavioral Diffences in School Absenteeism by Birth Order Eskild Fredslund Room: 1st Floor, The Stable (1. sal, Stalden) Presenter: Title Discussant Financial Econometrics, Welfare Analysis, Housing Economics Silvana Acosta Parametric Versus Non-Parametric Estimation of Integrated Varience Martin Thyrsgaard Nikolaj Siersbæk Multidimensional Population Welfare Comparisons of EU Member States Using First Order Dominance Andreas Bjerre-Nielsen Claes Bäckman Consumption and Housing Wealth Andreea Maerean

DTU INTERNATIONAL ENERGY CONFERENCE. WHEN? 10-12 September 2013

DTU INTERNATIONAL ENERGY CONFERENCE. WHEN? 10-12 September 2013 Invitation DTU INTERNATIONAL ENERGY CONFERENCE 10-12 September 2013 SUSTAINABLE ENERGY FOR GREEN ECONOMIC GROWTH Programme overview Detailed programme at www.natlab.dtu.dk ENERGY TECHNOLOGIES AND SYSTEMS

More information

Competitors per category

Competitors per category 11 -F-1 Competitors 1 Weightclass 1 23 Helena Brun Rasmussen Lyseng Page 1 of 43 30-09-2010 / 21:07 11 -M-2 Competitors 1 Weightclass 2 37 Thomas Purup Skanderborg Page 2 of 43 30-09-2010 / 21:07 11 -F-2

More information

Minutes of the ordinary meeting held on Thursday 29 January 2015 at 12:30 in room 2632-L242, Fuglesangs Allé

Minutes of the ordinary meeting held on Thursday 29 January 2015 at 12:30 in room 2632-L242, Fuglesangs Allé Study Board for Economics and Management Minutes Minutes of the ordinary meeting held on Thursday 29 January 2015 at 12:30 in room 2632-L242, Fuglesangs Allé Present, faculty: Charlotte Christiansen, Jesper

More information

Asia in Aarhus, Asia in Europe

Asia in Aarhus, Asia in Europe Asia in Aarhus, Asia in Europe 2010 European Studies MA Project Student Conference Wednesday 28 th - Thursday 29 th April 2010 Conference Room: Richard Mortenstuen Building 1422, Frederik Nielsens Vej

More information

Lif s committee/ EXPE network structure and representatives in EFPIA

Lif s committee/ EXPE network structure and representatives in EFPIA Lif s committee/ EXPE network structure and representatives in EFPIA Lif s s / EXPE Networks: EFPIA s Working Parties: Representatives: No Lif council, committee, EXPE network at the moment IPR (UIPR)

More information

Viliam Páleník. Kristína Petríková. Institute of Economic Research SAS European Economic and Social Committee. Institute of Economic Research SAS

Viliam Páleník. Kristína Petríková. Institute of Economic Research SAS European Economic and Social Committee. Institute of Economic Research SAS Viliam Páleník Institute of Economic Research SAS European Economic and Social Committee Kristína Petríková Institute of Economic Research SAS Motivation Introduction Context Financial Services Equity

More information

Thomas Piketty Academic year 2013-2014. Lecture 1: Taxes & transfers: why & how much?

Thomas Piketty Academic year 2013-2014. Lecture 1: Taxes & transfers: why & how much? Public Economics: Tax & Transfer Policies (Master PPD & APE, Paris School of Economics) Thomas Piketty Academic year 2013-2014 Lecture 1: Taxes & transfers: why & how much? (October 1 st 2013) (check on

More information

Semi Contact -47 Cadet Girls

Semi Contact -47 Cadet Girls Semi Contact -47 Cadet Girls Line S. Hansen 1 Haderslev i gruppespil Hatidza Topcibasic Team Esbjerg Hatidza Topcibasic 8 i gruppespil Team Esbjerg Semi Contact -52 Cadet Boys Bono Harzé Bono Harzé Jimmy

More information

Notes - Gruber, Public Finance Chapter 20.3 A calculation that finds the optimal income tax in a simple model: Gruber and Saez (2002).

Notes - Gruber, Public Finance Chapter 20.3 A calculation that finds the optimal income tax in a simple model: Gruber and Saez (2002). Notes - Gruber, Public Finance Chapter 20.3 A calculation that finds the optimal income tax in a simple model: Gruber and Saez (2002). Description of the model. This is a special case of a Mirrlees model.

More information

HVEM ER HVEM. Dansk Dagligvarehandel. august 2014

HVEM ER HVEM. Dansk Dagligvarehandel. august 2014 HVEM ER HVEM Dansk Dagligvarehandel august 2014 HVEM ER HVEM DANSK SUPERMARKED Commercial Management Commercial Categories Bilka Føtex Netto Salling Commercial Viktor Jegesi Ole Andersen CEO Commercial

More information

Economics Course Descriptions

Economics Course Descriptions Economics Course Descriptions ECON 1150 GLOBAL ECONOMIC PROBLEMS Impact of international trade, international finance, and foreign direct investment on various parts of the world with emphasis on current

More information

The OPUS School Meal Study New Nordic Diet for children

The OPUS School Meal Study New Nordic Diet for children The OPUS School Meal Study New Nordic Diet for children Rikke A. Petersen PhD stud rap@life.ku.dk Department of Nutrition, Exercise and Sports Background of the OPUS School Meal Study WP 7 Communication

More information

A Genealogy Report For JOHANN FRIEDRICH BÜNGER

A Genealogy Report For JOHANN FRIEDRICH BÜNGER A Genealogy Report For JOHANN FRIEDRICH BÜNGER Created on 15 January 2011 "The Complete Genealogy Reporter" 2006-2010 Nigel Bufton Software under license to MyHeritage.com Family Tree Builder CONTENTS

More information

How Credit Affects Revealed Risk Preferences

How Credit Affects Revealed Risk Preferences Evidence from Home Equity Loans and Voluntary Unemployment Insurance Kristoffer Markwardt Alessandro Martinello László Sándor + SFI and University of Copenhagen + Harvard University Liquidity and risk

More information

BS2551 Money Banking and Finance. Institutional Investors

BS2551 Money Banking and Finance. Institutional Investors BS2551 Money Banking and Finance Institutional Investors Institutional investors pension funds, mutual funds and life insurance companies are the main players in securities markets in both the USA and

More information

The Life-Cycle Motive and Money Demand: Further Evidence. Abstract

The Life-Cycle Motive and Money Demand: Further Evidence. Abstract The Life-Cycle Motive and Money Demand: Further Evidence Jan Tin Commerce Department Abstract This study takes a closer look at the relationship between money demand and the life-cycle motive using panel

More information

How To Run A Power Station In Danesborg

How To Run A Power Station In Danesborg Presentation of Energinet.dk April 2008 1 Presentation of Energinet.dk Agenda 10:00 12:00 Welcome and presentation of Energinet.dk /Peter Jørgensen Wind integration - challenges /Antje Orths R&D in environment-friendly

More information

!!" # $ % & ' (' ) 1

!! # $ % & ' (' ) 1 " # $% ( 1 " * %% $ $ $ * -. $ " * * *- $ / -0 - $ / $ *. * $ % * % $.$ * % $ * 1. $ $ 2 $ 3. - $ $- $" *1/ -% $ $ * -. * % 4 5 $ $. $" * 6 $* 1 $ 2 . % $ 45 $ * 4 ( 5 7 * * $ 2 86 $ * * * 2 % 2 9 : $

More information

Midterm Exam. Answers

Midterm Exam. Answers Midterm Exam 180.604 Spring, 2012 Answers Name You are expected to answer all parts of all questions. If you cannot solve part of a question, do not give up. The exam is written so that you should be able

More information

NIAGRA KICK OFF Participants 18 sept 2013

NIAGRA KICK OFF Participants 18 sept 2013 DTU, TECHNICAL UNIVERSITY OF DENMARK Peter Bøggild Associate Professor, Building 345Ø, room 149 Phone: +45 45255723 Fax: +45 45887762 Cellphone: + 45 20148004 Email: Peter.boggild@nanotech.dtu.dk Adam

More information

GLOBAL ORGANISATIONAL STRUCTURE

GLOBAL ORGANISATIONAL STRUCTURE GLOBAL ORGANISATIONAL STRUCTURE President, CEO Sten Kjelstrup Secretary to the Management Jeanette Dyekjær President, CEO HR Sten Kjelstrup Vice President Product Development & Technical Service Henning

More information

Coloplast Capital Market dinner. 7 October 2010 Coloplast Capital Market dinner Page 1

Coloplast Capital Market dinner. 7 October 2010 Coloplast Capital Market dinner Page 1 Page 1 Guests at the Anders Lund, BL&S Capital Management Fondsmæglerselskab A/S Bo Velds Andresen, Saxo Bank A/S Carsten J. Leth, Nordea Investment Management Carsten Lønfeldt, KCBL Management ApS Charles

More information

MASTER IN ECONOMICS AND FINANCE

MASTER IN ECONOMICS AND FINANCE MASTER IN ECONOMICS AND FINANCE The document presents the structure of the master program (and the professors in charge of each course) in 2014 2015. Courses, workshops, etc. are ordered primarily by the

More information

Chapter 12. Aggregate Expenditure and Output in the Short Run

Chapter 12. Aggregate Expenditure and Output in the Short Run Chapter 12. Aggregate Expenditure and Output in the Short Run Instructor: JINKOOK LEE Department of Economics / Texas A&M University ECON 203 502 Principles of Macroeconomics Aggregate Expenditure (AE)

More information

THEMATIC REVIEW ON ADULT LEARNING

THEMATIC REVIEW ON ADULT LEARNING THEMATIC REVIEW ON ADULT LEARNING DENMARK Visit of 7-14 November 2000 PROGRAMME AND PARTICIPANTS Monday 6 November Copenhagen Location: Uddannelsesstyrelsen (Education Authority) 15:00-17:00 Meeting with

More information

The Effect of Housing on Portfolio Choice. July 2009

The Effect of Housing on Portfolio Choice. July 2009 The Effect of Housing on Portfolio Choice Raj Chetty Harvard Univ. Adam Szeidl UC-Berkeley July 2009 Introduction How does homeownership affect financial portfolios? Linkages between housing and financial

More information

Chapter 13. Aggregate Demand and Aggregate Supply Analysis

Chapter 13. Aggregate Demand and Aggregate Supply Analysis Chapter 13. Aggregate Demand and Aggregate Supply Analysis Instructor: JINKOOK LEE Department of Economics / Texas A&M University ECON 203 502 Principles of Macroeconomics In the short run, real GDP and

More information

Economics 212 Principles of Macroeconomics Study Guide. David L. Kelly

Economics 212 Principles of Macroeconomics Study Guide. David L. Kelly Economics 212 Principles of Macroeconomics Study Guide David L. Kelly Department of Economics University of Miami Box 248126 Coral Gables, FL 33134 dkelly@miami.edu First Version: Spring, 2006 Current

More information

The Wealth and Debt of Danish Families

The Wealth and Debt of Danish Families Monetary Review, 2nd Quarter 212, Part 1 39 The Wealth and Debt of Danish Families By Asger Lau Andersen, Anders Møller Christensen and Nick Fabrin Nielsen, Economics, Sigrid Alexandra Koob and Martin

More information

Chapter 18. MODERN PRINCIPLES OF ECONOMICS Third Edition

Chapter 18. MODERN PRINCIPLES OF ECONOMICS Third Edition Chapter 18 MODERN PRINCIPLES OF ECONOMICS Third Edition Fiscal Policy Outline Fiscal Policy: The Best Case The Limits to Fiscal Policy When Fiscal Policy Might Make Matters Worse So When Is Fiscal Policy

More information

Children: Mathilde Rose Skaksen, born 2003, Laura Rose Skaksen, born 2007.

Children: Mathilde Rose Skaksen, born 2003, Laura Rose Skaksen, born 2007. April, 2008 Name: Jan Rose Skaksen Former name: Jan Rose Sørensen Address: Rosenstandsvej 19, 1., 2920 Charlottenlund Birth: March 1st, 1962 Marital status: Married to Mette Rose Skaksen Children: Mathilde

More information

GLOBAL ORGANISATIONAL STRUCTURE

GLOBAL ORGANISATIONAL STRUCTURE GLOBAL ORGANISATIONAL STRUCTURE President, CEO Sten Kjelstrup Executive, CFO Secretary to the Management Jeanette Dyekjær Product Development Henning Jørgensen Executive Vice President, CFO Global Finance,

More information

The Real Business Cycle model

The Real Business Cycle model The Real Business Cycle model Spring 2013 1 Historical introduction Modern business cycle theory really got started with Great Depression Keynes: The General Theory of Employment, Interest and Money Keynesian

More information

2011 Hope - exchange programme for health professionals Better health - a shared challenge for hospitals and primary health care

2011 Hope - exchange programme for health professionals Better health - a shared challenge for hospitals and primary health care 2011 Hope - exchange programme Better health - a shared challenge for hospitals and primary health care Harminder Bassi, United Kingdom Carlos Elvira, Spain Edel Kirketerp, local coordinator PROGRAMME

More information

College of Business Administration Savannah State University Personal Finance (BUSA 3000) Quiz 1 Fall 2011 Dr. William A. Dowling.

College of Business Administration Savannah State University Personal Finance (BUSA 3000) Quiz 1 Fall 2011 Dr. William A. Dowling. College of Business Administration Savannah State University Personal Finance (BUSA 3000) Quiz 1 Fall 2011 Dr. William A. Dowling Exam Key Instructions: You are to answer each of the following. If the

More information

Understanding cycling and the possibilities for cycling promotion to achieve societal goals.

Understanding cycling and the possibilities for cycling promotion to achieve societal goals. PhD seminar Cycling and society Understanding cycling and the possibilities for cycling promotion to achieve societal goals. November 28 December 1 2011: Daily 9 AM 5 PM Hosted by the, Faculty of Life

More information

CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM)

CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM) 1 CHAPTER 11. AN OVEVIEW OF THE BANK OF ENGLAND QUARTERLY MODEL OF THE (BEQM) This model is the main tool in the suite of models employed by the staff and the Monetary Policy Committee (MPC) in the construction

More information

SCOFDA. Sustainable Control of Fish Diseases in Aquaculture. Research School

SCOFDA. Sustainable Control of Fish Diseases in Aquaculture. Research School SCOFDA Sustainable Control of Fish Diseases in Aquaculture Research School Department of Veterinary Pathobiology Royal Veterinary and Agricultural University Frederiksberg C, Programme for a two-day workshop

More information

Danish Wind Power Research 2013. Arranged by the Danish Research Consortium for Wind Energy. Venue Place: Trinity Gl. Færgevej 30, Fredericia

Danish Wind Power Research 2013. Arranged by the Danish Research Consortium for Wind Energy. Venue Place: Trinity Gl. Færgevej 30, Fredericia Danish Wind Power Research 2013 Arranged by the Danish Research Consortium for Wind Energy Venue Place: Trinity Gl. Færgevej 30, Fredericia May 27-28, 2013 Day 1. Monday May 27, 2013 08.30 Registration

More information

The Ministry of Finance Organization and Jurisdiction

The Ministry of Finance Organization and Jurisdiction 28. June 2010 The Ministry of Finance Organization and Jurisdiction Deputy Permanent Secretary Mogens Pedersen Agenda 1. Danish Public Sector State, Regions and Municipalities 2. The organization of Ministry

More information

CONTENTS OF VOLUME IB

CONTENTS OF VOLUME IB CONTENTS OF VOLUME IB Introduction to the Series Contents of the Handbook Preface v vii ix FINANCIAL MARKETS AND ASSET PRICING Chapter 10 Arbitrage, State Prices and Portfolio Theory PHILIP H. DYBVIG and

More information

12.1 Introduction. 12.2 The MP Curve: Monetary Policy and the Interest Rates 1/24/2013. Monetary Policy and the Phillips Curve

12.1 Introduction. 12.2 The MP Curve: Monetary Policy and the Interest Rates 1/24/2013. Monetary Policy and the Phillips Curve Chapter 12 Monetary Policy and the Phillips Curve By Charles I. Jones Media Slides Created By Dave Brown Penn State University The short-run model summary: Through the MP curve the nominal interest rate

More information

Contents. List of Figures... 11. List of Variables and Abbreviations... 13. Introduction... 19

Contents. List of Figures... 11. List of Variables and Abbreviations... 13. Introduction... 19 Contents List of Figures... 11 List of Variables and Abbreviations... 13 Introduction... 19 Chapter 1. Stylised Facts of Saving Paragraph 1.1 Data Sets and Statistical Issues... 33 1.1.1 Various Saving

More information

Cash in advance model

Cash in advance model Chapter 4 Cash in advance model 4.1 Motivation In this lecture we will look at ways of introducing money into a neoclassical model and how these methods can be developed in an effort to try and explain

More information

Press Release - April 13 2011

Press Release - April 13 2011 List of team members Communications Coordinator Ulrik Eggert Knuth-Winterfeldt Construction Manager Nikolaj Nørregård Rasmussen Contest Captain Søren Andersen Faculty Advisor Bjarne W. Olesen Fire Watch

More information

The Master of Science in Finance (English Program) - MSF. Department of Banking and Finance. Chulalongkorn Business School. Chulalongkorn University

The Master of Science in Finance (English Program) - MSF. Department of Banking and Finance. Chulalongkorn Business School. Chulalongkorn University The Master of Science in Finance (English Program) - MSF Department of Banking and Finance Chulalongkorn Business School Chulalongkorn University Overview of Program Structure Full Time Program: 1 Year

More information

Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks

Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks Welcome to Thinkwell s Homeschool Economics! We re thrilled that you ve decided to make us part of your homeschool curriculum. This lesson

More information

DEFAP Graduate School in Public Economics

DEFAP Graduate School in Public Economics 1 RESEARCH GROUP IN MACROECONOMICS AND MACRO-FINANCIAL ECONOMETRICS 2 The macro & macro-finance econometrics group covers a broad spectrum of research topics which could be grouped in two areas: Macroeconomic

More information

Danske Bank s organisation 2013

Danske Bank s organisation 2013 Danske Bank s organisation 2013 CEO Thomas F. Borgen Chairman of the Executive Board Personal Banking Tonny Thierry Andersen* Banking Lars Mørch* Corporates & Institutions Thomas F. Borgen* Group Risk

More information

CONTENTS: 1 NERI HAS A SAFETY ORGANISATION

CONTENTS: 1 NERI HAS A SAFETY ORGANISATION CONTENTS: 1 NERI HAS A SAFETY ORGANISATION 1.1 NERI S SAFETY ORGANISATION, SAO 1.2 REPRESENTATIVES IN NERI S COORDINATION COMMITTEE APRIL 2008: (REVISION MAR. 2011) 1.3 SAC, ROSKILDE APRIL 2008: (REVISION

More information

Trip Trap Farum 20091121

Trip Trap Farum 20091121 Trip Trap 20091121 Svømmehal Trin 2 piger 1m Oscarsson, Josefina 10 Coach: Hanna 10 Forlæns hovedfald B 1 1,0 6,0 6,0 5,5 17,5 17,50 17,50 5,5 5,0 6,0 16,5 18,15 35,65 5,0 5,5 5,5 16,0 16,00 51,65 9 Trip

More information

Lecture 7: Savings, Investment and Government Debt

Lecture 7: Savings, Investment and Government Debt Lecture 7: Savings, Investment and Government Debt September 18, 2014 Prof. Wyatt Brooks Problem Set 1 returned Announcements Groups for in-class presentations will be announced today SAVING, INVESTMENT,

More information

HOUSEHOLD DEBT AND CONSUMPTION DURING THE FINANCIAL CRISIS

HOUSEHOLD DEBT AND CONSUMPTION DURING THE FINANCIAL CRISIS HOUSEHOLD DEBT AND CONSUMPTION DURING THE FINANCIAL CRISIS Asger Lau Andersen, Economics, Charlotte Duus and Thais Lærkholm Jensen, Financial Markets INTRODUCTION AND SUMMARY Danish households gross debt

More information

This PDF is a selection from a published volume from the National Bureau of Economic Research

This PDF is a selection from a published volume from the National Bureau of Economic Research This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16 Volume Author/Editor: Takatoshi

More information

English Summary. Chapter I: Economic outlook. Denmark USA Euro area

English Summary. Chapter I: Economic outlook. Denmark USA Euro area English Summary The report contains three chapters: Chapter I gives an economic outlook for the Danish economy, Chapter II contains a long term projection for the Danish economy focusing on the development

More information

Monetary policy rules and their application in Russia. Economics Education and Research Consortium Working Paper Series ISSN 1561-2422.

Monetary policy rules and their application in Russia. Economics Education and Research Consortium Working Paper Series ISSN 1561-2422. Economics Education and Research Consortium Working Paper Series ISSN 1561-2422 No 04/09 Monetary policy rules and their application in Russia Anna Vdovichenko Victoria Voronina This project (02-230) was

More information

Some micro- and macro-economics of offshore wind*

Some micro- and macro-economics of offshore wind* Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department

More information

Potential GDP and Economic Growth

Potential GDP and Economic Growth Potential GDP and Economic Growth CHAPTER17 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Explain the forces that determine potential GDP and

More information

KNOWLEDGE MANAGEMENT: "LEARNING-BY-COMPARING" EXPERIENCES FROM PRIVATE FIRMS AND PUBLIC ORGANISATIONS

KNOWLEDGE MANAGEMENT: LEARNING-BY-COMPARING EXPERIENCES FROM PRIVATE FIRMS AND PUBLIC ORGANISATIONS 8th Draft 30/1/2001 High-Level Forum On KNOWLEDGE MANAGEMENT: "LEARNING-BY-COMPARING" EXPERIENCES FROM PRIVATE FIRMS AND PUBLIC ORGANISATIONS Organised by CENTRE FOR EDUCATIONAL RESEARCH AND INNOVATION,

More information

Status and perspectives in R&D in PV. Hanne Lauritzen, Special Adviser, Ph.D.

Status and perspectives in R&D in PV. Hanne Lauritzen, Special Adviser, Ph.D. Status and perspectives in R&D in PV Hanne Lauritzen, Special Adviser, Ph.D. SOLCELLE INSTALLATIONER I DANMARK Akk. 2011: Ultimo 2012: 3627 installationer 11 MW > 30.000 installationer 150 MW 2 Source:

More information

Retirement routes and economic incentives to retire: a cross-country estimation approach Martin Rasmussen

Retirement routes and economic incentives to retire: a cross-country estimation approach Martin Rasmussen Retirement routes and economic incentives to retire: a cross-country estimation approach Martin Rasmussen Welfare systems and policies Working Paper 1:2005 Working Paper Socialforskningsinstituttet The

More information

Reforms of bankruptcy laws. The case of Germany *

Reforms of bankruptcy laws. The case of Germany * Reforms of bankruptcy laws. The case of Germany * Hermann-Josef Hansen Presentation at Banco de Espana, Madrid, 19 November 2014 * The views expressed do not necessarily reflect the views of the Deutsche

More information

Financial Intermediation and Credit Policy in Business Cycle Analysis. Mark Gertler and Nobuhiro Kiyotaki NYU and Princeton

Financial Intermediation and Credit Policy in Business Cycle Analysis. Mark Gertler and Nobuhiro Kiyotaki NYU and Princeton Financial Intermediation and Credit Policy in Business Cycle Analysis Mark Gertler and Nobuhiro Kiyotaki NYU and Princeton Motivation Present a canonical framework to think about the current - nancial

More information

China's Social Security Pension System and its Reform

China's Social Security Pension System and its Reform China's Pension Reform China's Social Security Pension System and its Reform Kaiji Chen University of Oslo March 27, 2007 1 China's Pension Reform Why should we care about China's social security system

More information

Natural Expectations and Home Equity Extraction

Natural Expectations and Home Equity Extraction Natural Expectations and Home Equity Extraction R. Pancrazi 1 M. Pietrunti 2 1 University of Warwick 2 Banca d Italia and Toulouse School of Economics 5 June 2014 Pancrazi, Pietrunti (Warwick, BdI-TSE)

More information

Chapter 1. Why Study Money, Banking, and Financial Markets?

Chapter 1. Why Study Money, Banking, and Financial Markets? Chapter 1 Why Study Money, Banking, and Financial Markets? Why Study Money, Banking, and Financial Markets To examine how financial markets such as bond, stock and foreign exchange markets work To examine

More information

Fourth Edition. University of California, Berkeley

Fourth Edition. University of California, Berkeley Fourth Edition University of California, Berkeley Introduction Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Epilogue References

More information

Marital status: Married Children: Kasper, 2011 and Marie, 2013 Home address: Skovstien 12, DK-8382 Hinnerup Cell: (+45) 2362 0764

Marital status: Married Children: Kasper, 2011 and Marie, 2013 Home address: Skovstien 12, DK-8382 Hinnerup Cell: (+45) 2362 0764 CURRICULUM VITAE ASTRID WÜRTZ RASMUSSEN School of Business and Social Sciences, Dept. of Economics and Business Aarhus University Fuglesangs Alle 4, DK-8210 Aarhus V T: (+45) 8716 4983 E: awu@asb.dk Home

More information

dream long-term Economic Projection for 2011 Pdf version

dream long-term Economic Projection for 2011 Pdf version dream long-term Economic Projection for 2011 Pdf version Dream s Long-term Economic Projection for 2011 Dream, 2011 DREAM Amaliegade 44 DK-1256 Copenhagen K Denmark Telefon: +45 3344 5899 E-mail: info@dreammodel.dk

More information

CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY

CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY CHAPTER 7: AGGREGATE DEMAND AND AGGREGATE SUPPLY Learning goals of this chapter: What forces bring persistent and rapid expansion of real GDP? What causes inflation? Why do we have business cycles? How

More information

CH 10 - REVIEW QUESTIONS

CH 10 - REVIEW QUESTIONS CH 10 - REVIEW QUESTIONS 1. The short-run aggregate supply curve is horizontal at: A) a level of output determined by aggregate demand. B) the natural level of output. C) the level of output at which the

More information

DEPARTMENT OF ECONOMICS SCHOOL OF HUMANITIES AND SOCIAL SCIENCES. Undergraduate Prospectus Bachelor of Science in Economics

DEPARTMENT OF ECONOMICS SCHOOL OF HUMANITIES AND SOCIAL SCIENCES. Undergraduate Prospectus Bachelor of Science in Economics DEPARTMENT OF ECONOMICS SCHOOL OF HUMANITIES AND SOCIAL SCIENCES Undergraduate Prospectus Bachelor of Science in Economics 1 CONTACT INFORMATION: Department of Economics, School of Humanities and Social

More information

NTA s and the annuity puzzle

NTA s and the annuity puzzle NTA s and the annuity puzzle David McCarthy NTA workshop Honolulu, 15 th June 2010 hello Today s lecture Was billed as Pension Economics But I teach a 70-hour course on pension economics and finance at

More information

Household Debt in the U.S.: 2000 to 2011

Household Debt in the U.S.: 2000 to 2011 Household Debt in the U.S.: 2000 to 2011 By Marina Vornovytskyy, Alfred Gottschalck, and Adam Smith Debt is an important financial tool used by U.S. households to finance their purchases. Households often

More information

Liquidity Constraints in the U.S. Housing Market

Liquidity Constraints in the U.S. Housing Market Liquidity Constraints in the U.S. Housing Market Denis Gorea Virgiliu Midrigan May 215 Contents A Income Process 2 B Moments 4 C Mortgage duration 5 D Cash-out refinancing 5 E Housing turnover 6 F House

More information

FBLA: ECONOMICS. Competency: Basic Economic Concepts and Principles

FBLA: ECONOMICS. Competency: Basic Economic Concepts and Principles Competency: Basic Economic Concepts and Principles 1. Define money (characteristics, role, and forms) and trace how money and resources flow through the American economic system. 2. Utilize decision-making

More information

AGGREGATE DEMAND AND AGGREGATE SUPPLY The Influence of Monetary and Fiscal Policy on Aggregate Demand

AGGREGATE DEMAND AND AGGREGATE SUPPLY The Influence of Monetary and Fiscal Policy on Aggregate Demand AGGREGATE DEMAND AND AGGREGATE SUPPLY The Influence of Monetary and Fiscal Policy on Aggregate Demand Suppose that the economy is undergoing a recession because of a fall in aggregate demand. a. Using

More information

Monetary policy strategy: Old issues and new challenges

Monetary policy strategy: Old issues and new challenges Monetary policy strategy: Old issues and new challenges Joint Deutsche Bundesbank/Federal Reserve Bank of Cleveland Conference Frankfurt am Main, 6-7 June 2007 Fiorella de Fiore European Central Bank Discussion

More information

Annuity market imperfection, retirement and economic growth

Annuity market imperfection, retirement and economic growth Annuity market imperfection, retirement and economic growth Ben J. Heijdra 1 Jochen O. Mierau 2 1 University of Groningen; Institute for Advanced Studies (Vienna); Netspar; CESifo (Munich) 2 University

More information

SOCIAL SPHERE MODELING BASED ON SYSTEM DYNAMICS METHODS

SOCIAL SPHERE MODELING BASED ON SYSTEM DYNAMICS METHODS SOCIAL SPHERE MODELING BASED ON SYSTEM DYNAMICS METHODS Abstract Natalia N. Lychkina State University of Management 99 Ryazansky Avenue, Moscow, Russia, 109542 Tel: +7 (495) 749-71-77 / Fax: +7 (495) 371-05-28

More information

Figure C Supervisory risk assessment for insurance and pension funds expected future development

Figure C Supervisory risk assessment for insurance and pension funds expected future development 5. Risk assessment This chapter aims to asses those risks which were identified in the first chapter and further elaborated in the next parts on insurance, reinsurance and occupational pensions. 5.1. Qualitative

More information

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Suvey of Macroeconomics, MBA 641 Fall 2006, Final Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Modern macroeconomics emerged from

More information

Curriculum Vitae. November 2014. Program Director, MSc Program in Economics, VU University Amsterdam, 2008

Curriculum Vitae. November 2014. Program Director, MSc Program in Economics, VU University Amsterdam, 2008 STEFAN HOCHGUERTEL Curriculum Vitae November 2014 Address Department of Economics phone: +31 20 59 86 033 VU University Amsterdam fax: +31 20 59 89 870 De Boelelaan 1105 e mail: s.hochguertel@vu.nl 1081

More information

Gatton College of Business and Economics. Economics

Gatton College of Business and Economics. Economics Gatton College of Business and 101 CONTEMPORARY NOMIC ISSUES. (3) A basic course in the analysis of contemporary economic issues with emphasis on current economic topics such as inflation, poverty and

More information

A systemic approach to home loans: Continuous workouts vs. fixed rate contracts (Shiller et al., 2014)

A systemic approach to home loans: Continuous workouts vs. fixed rate contracts (Shiller et al., 2014) A systemic approach to home loans: Continuous workouts vs. fixed rate contracts (Shiller et al., 2014) Discussion Cristian Badarinza EFA Meeting, Lugano, August 2014 Summary 1. Unexpected house price declines

More information

Impact Assessment (IA)

Impact Assessment (IA) Title: Welfare Reform and Work Bill: Impact Assessment for Converting Support for Mortgage Interest (SMI) from a benefit into a Loan Lead department or agency: Department for Work and Pensions Other departments

More information

PROGRAMMED WITHDRAWALS: CHARACTERISTICS

PROGRAMMED WITHDRAWALS: CHARACTERISTICS PROGRAMMED WITHDRAWALS: CHARACTERISTICS AND RECENT CHANGES XIMENA QUINTANILLA STUDIES DIVISION PENSION SUPERVISORY AUTHORITY OUTLINE Income in Retirement Retirement Risks Programmed Withdrawals Role Formula

More information

DEPARTMENT OF BANKING AND FINANCE

DEPARTMENT OF BANKING AND FINANCE 202 COLLEGE OF BUSINESS DEPARTMENT OF BANKING AND FINANCE Degrees Offered: B.B., E.M.B.A., M.B., Ph.D. Chair: Chiu, Chien-liang ( 邱 建 良 ) The Department The Department of Banking and Finance was established

More information

Sahra Wagenknecht. Hie Limits of Choice. Saving Decisions and Basic Needs in Developed Countries. Campus Verlag Frankfurt/New York

Sahra Wagenknecht. Hie Limits of Choice. Saving Decisions and Basic Needs in Developed Countries. Campus Verlag Frankfurt/New York Sahra Wagenknecht Hie Limits of Choice Saving Decisions and Basic Needs in Developed Countries Campus Verlag Frankfurt/New York Contents List of Figures 11 List of Variables and Abbreviations 13 Introduction

More information

Econ 202 Section 4 Final Exam

Econ 202 Section 4 Final Exam Douglas, Fall 2009 December 15, 2009 A: Special Code 00004 PLEDGE: I have neither given nor received unauthorized help on this exam. SIGNED: PRINT NAME: Econ 202 Section 4 Final Exam 1. Oceania buys $40

More information

Public Policy and Innovation: Partnering with Capital Markets through Securitization. Antonio Baldaque da Silva November 2007

Public Policy and Innovation: Partnering with Capital Markets through Securitization. Antonio Baldaque da Silva November 2007 Public Policy and Innovation: Partnering with Capital Markets through Securitization Antonio Baldaque da Silva November 2007 Agenda 1. Motivation: Innovation and Public Policy 2. Traditional tools 3. Alternatives:

More information

Advanced Workshop For Central Bankers September 6-13, 2016

Advanced Workshop For Central Bankers September 6-13, 2016 September 6-13, 2016 Northwestern University Evanston, IL Markus Brunnermeier Jordi Gali Simon Gilchrist Charles Manski Giorgio Primiceri Jeremy Stein This week-long workshop for central bank economists

More information

MASTER OF SCIENCE FINANCIAL ECONOMICS ABAC SCHOOL OF MANAGEMENT ASSUMPTION UNIVERSITY OF THAILAND

MASTER OF SCIENCE FINANCIAL ECONOMICS ABAC SCHOOL OF MANAGEMENT ASSUMPTION UNIVERSITY OF THAILAND MASTER OF SCIENCE FINANCIAL ECONOMICS ABAC SCHOOL OF MANAGEMENT ASSUMPTION UNIVERSITY OF THAILAND ECO 5001 Mathematics for Finance and Economics The uses of mathematical argument in extending the range,

More information

Labor Market and Unemployment Ing. Mansoor Maitah Ph.D.

Labor Market and Unemployment Ing. Mansoor Maitah Ph.D. Labor Market and Unemployment Ing. Mansoor Maitah Ph.D. Product and Factor Markets Demand for Goods and Services Market of Goods and Services S D Supply of Goods and Services Households Firms Supply of

More information

Econ 202 H01 Final Exam Spring 2005

Econ 202 H01 Final Exam Spring 2005 Econ202Final Spring 2005 1 Econ 202 H01 Final Exam Spring 2005 1. Which of the following tends to reduce the size of a shift in aggregate demand? a. the multiplier effect b. the crowding-out effect c.

More information

Human Capital Risk, Contract Enforcement, and the Macroeconomy

Human Capital Risk, Contract Enforcement, and the Macroeconomy Human Capital Risk, Contract Enforcement, and the Macroeconomy Tom Krebs University of Mannheim Moritz Kuhn University of Bonn Mark Wright UCLA and Chicago Fed General Issue: For many households (the young),

More information

Finance and Economics Course Descriptions

Finance and Economics Course Descriptions Finance and Economics Course Descriptions Finance Course Descriptions FIN 250 Financial Management This course addresses the theory and practice of financial management and the role of the Financial Manager.

More information

Summer School CLEAN TECH AT SEA WHY AND HOW TO CHANGE MARITIME TRANSPORTATION?

Summer School CLEAN TECH AT SEA WHY AND HOW TO CHANGE MARITIME TRANSPORTATION? Summer School CLEAN TECH AT SEA WHY AND HOW TO CHANGE MARITIME TRANSPORTATION? AUGUST 5-17, 2013 MAN PrimeServ Academy (Frederikshavn) Martec Maritime and Polytechnic College (Frederikshavn) (Aalborg)

More information

The Spar Nord Bank Group s report for the first three quarters of 2002

The Spar Nord Bank Group s report for the first three quarters of 2002 To the Copenhagen Stock Exchange and the Press 30 October 2002 Stock Exchange Announcement No. 14, 2002 Contact person: Keld Gammelgaard Phone +45 96 34 40 10 The Spar Nord Bank Group s report for the

More information

ECON 3312 Macroeconomics Exam 3 Fall 2014. Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

ECON 3312 Macroeconomics Exam 3 Fall 2014. Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. ECON 3312 Macroeconomics Exam 3 Fall 2014 Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Everything else held constant, an increase in net

More information