18th call for proposals of research projects
At its meeting on 13 February 2014, the Board of the Fondation, on the basis of the assessment by the evaluation committee, decided to award a grant of EUR, 30 000 to each of the following projects:
“Breaking the spell with credit easing
Ramon Marimon*, Gaetano Gaballo**
*European University Institute, ** Banque de France
“Banking regulation and insolvency risk
Erwan Morellec*, Julien Hugonnier*
*Ecole Polytechnique Fédérale de Lausanne
“Price quality in dark markets : tests of recent theory using controlled experiments
Elena Asparouhova*, Peter Bossaerts*
*University of Utah
“Liquidity management and monetary policy
Saki Bigio*, Javier Bianchi**
*Columbia Business School, ** University of Wisconsin
Young Researcher in Economics Prize 2014
The Foundation launches the Young Researcher in Economics Prize. The deadline for submitting is 30 April 2014
The Monetary, Financial and Banking Thesis Prize 2014
The Foundation launches its Monetary Thesis Prize jointly with the French Economic Association (AFSE).
The prize rewards a thesis in the field of Money, Financial and Banking economics.
Applications should be sent to the AFSE Secretariat by 30 March 2014.
Newsletter n°14 - January 2014
Visiting scholars in 2014:
The following persons will be visiting scholars of the Foundation in 2014:
17 March-21 March 2014
Juan F. Rubio Ramirez
22 May-13 June 2014
(Toulouse School of Economics)
30 June - 4 July 2014
(Bank of Canada)
Publications of Foundation's research projects in international journals
Philip R. Lane, Peter McQuade "Domestic Credit Growth and International Capital Flows "
, Scandinavian Journal of Economics
Denis Gromb, Viral Acharya, Tanju Yorulmazer, "Imperfect Competition in the Interbank Market for liquidity as a rationale for central banking" American Economic Journal
, Macroeconomics (forthcoming)
Frederico Ravenna, Carl Walsh: "Monetary Policy and Labor Market Frictions: A Tax Interpretation
", Journal of Monetary Economics
, March 2012, 59(2): 180-195
Francesco Lippi, Fernando Alvarez, Luigi Guiso : "Durable consumption and asset management with transaction and observation cost", American Economic Review
, August (pp. 2272-2300)
Hyun Song Shin, Gara Afonso : « Precautionary demand and liquidity in payment system
», Journal of Credit, Money and Banking
, vol.43, issue supplement, S2, (pp 589-619), octobre 2011
Federico Ravenna, Carl E. Walsh: "Welfare-Based Optimal Monetary Policy with Unemployment and Sticky Prices: A Linear-Quadratic Framework
", American Economic Journal
, Macroeconomics, Vol.3, n° 2.
Francesco Lippi, Fernando Alvarez, Luigi Paciello : "Optimal price setting with observation and menu costs", Quarterly Journal of Economics
, November, Vol. 126, Issue 4.
Albert Marcet, Klaus Adam, Juan Pablo Nicolini : "Internal rationality, Imperfect Market Knowledge and Asset Prices", Journal of Economic Theory
, May, (1224-1252)