Investment in the new monetary and financial environment
The Banca d’Italia, the Banque de France and Sciences Po have organized a research conference on “Investment in the new monetary and financial environment”, in Paris July 5 and 6, 2018. The conference aims to create a forum for discussion among academic and central bank researchers on issues related to firms’ productive investment and its funding in the post-crisis economic, monetary and financial environment, combining both theoretical and empirical research in macro and microeconomics.
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5th July 2018 |
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8:45 – 9:10 | Registration |
9:10 – 9:15 | Welcome address by Gilbert Cette (Banque de France) |
Session 1 | Misallocation of capital |
9:15 – 10:15 | Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions Discussion: Antonin Bergeaud (Banque de France) |
10:15 – 11:15 | Risk-Adjusted Capital Allocation and Misallocation Discussion: Francesco Manaresi (Banca d’Italia) |
11:15 – 11:45 | Break |
Session 2 | Real effects of earnings reporting |
11:45 – 12:45 | Information Distortion, R&D, and Growth Discussion: Johan Hombert (HEC) |
12:45 – 13:45 | Lunch |
Session 3 | Macro dynamics in the great recession |
14:00 – 15:00 | Money and Capital in a Persistent Liquidity Trap Discussion: Xavier Ragot (OFCE-Sciences Po) |
15:00 – 16:00 | Corporate Debt Structure and Unconventional Monetary Policy in the United States Discussion: Stéphane Guibaud (Sciences Po) |
16:00 – 16:30 | Break |
Session 4 | Financial Frictions |
16:30 – 17:30 | Debt or Demand: Which Holds Investment Back? Evidence from an Investment Tax Credit Discussion: Antonio de Socio (Banca d’Italia) |
17:30 – 18:30 | Banks as patient lenders: Evidence from a Tax Reform Discussion: Mathias Lé (Banque de France) |
6th July 2018 |
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Session 5 | Cash holdings |
9:30 – 10:30 | How has Elevated Uncertainty Affected Corporate Investment, Dividend Payouts and Cash Holding? Discussion: Giacomo Rodano (Banca d’Italia) |
10:30 – 11:30 | Innovation and Corporate Cash Holding in the Era of Globalization Discussion: Vincent Vicard (CEPII & Paris-Dauphine Univ.) |
11:30 – 12:00 | Break |
Session 6 | Granularity and cycle |
12:00 – 13:00 | Small and Large Firms over the Business Cycle Discussion: Isabelle Méjean (École Polytechnique) |
13:00 – 14:00 | Lunch |
Session 7 | Investment quality, macro perspective |
14:00 – 15:00 | Green Policies, Aggregate Investment Dynamics and Vintage Effects Discussion: Fanny Henriet (PSE) |
15:00 – 16:00 | Efficient Bubbles? Discussion: Edouard Challe (Ecole Polytechnique) |
Program Committee: Federico Cingano (Banca d’Italia), François Gourio (Federal Reserve Bank of Chicago), Jean-Stéphane Mésonnier (Banque de France), Daniel Paravisini (London School of Economics), Guillaume Plantin (Sciences Po), Fabio Schiantarelli (Boston College).
Updated on: 08/17/2018 14:52