Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) LSE RSS Contact Us YouTube Twitter

STICERD Work in Progress Seminars


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These seminars are held on Fridays in term time at 13:00-14:00 in the Michio Morishima Room, 32L 3.05 (3rd floor, 32 Lincoln's Inn Fields, London WC2A 3PH).

Entry is on a first-come first-served basis. No registration is required but places are limited. A light lunch will be available.

Seminar organisers: Miguel Espinosa and Dana Kassem.

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Friday  02 June 2017  13:00 - 14:00

TBC

Sutanuka Roy (Department of Economics, LSE)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
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Friday  28 April 2017  13:00 - 14:00

Consumption Smoothing, Returns to Investment and Community Agency

Vesal Nourani (Cornell University)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
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Friday  05 May 2017  13:00 - 14:00

Competition and macro-prudential regulation: An empirical model of the UK mortgage supermarket

Matteo Benetton (Department of Economics, LSE)

This paper develops and estimates an empirical model of the UK mortgage market and studies the effect of macro-prudential regulation on lending activity. We estimate a discrete-continuous choice demand model of mortgages with a new administrative dataset of the universe of residential mortgage originations. Borrowers decide jointly the mortgage product and the loan size facing a non-linear price schedule and affordability constraints on their choice sets. We derive a pricing equation that takes into account default and refinancing risks and we characterize the Nash-Bertrand equilibrium, subject to risk-adjusted capital constraints. We find that: 1) a 1% increase in the interest rate decreases loan demand by 2% and product demand by 3%, on average; 2) both elasticities are heterogeneous across leverage levels, borrower types and lenders; 3) a 1% higher risk-weight increase lenders' marginal cost by about 1%. We use the estimated parameters to study the pass-through of capital requirements in two different counterfactual regimes.


32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
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Friday  12 May 2017  13:00 - 14:00

Persuasion of Heterogeneous Voters

Carl Heese (University of Bonn)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
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Friday  26 May 2017  13:00 - 14:00

Changing collars? Social identity and selection in frontline jobs

Alexia Delfino (Department of Economics, LSE)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
calendar
Friday  02 June 2017  13:00 - 14:00

TBC

Sutanuka Roy (Department of Economics, LSE)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH
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Friday  09 June 2017  13:00 - 14:00

TBC

Niclas Moneke (Department of Economics, LSE)

32L 3.05, 3rd Floor Conference Room, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH