ERMAS Program 2016 MONDAY, 1st of August 2016 09.00-10.00: Participants registration, Faculty of Economics and Business Administration Timişoara, Location: Lobby 10.00-10.45: Opening ceremony, Faculty of Economics and Business Administration Timişoara, Location: Room ADM (1st floor)* 

Marilen Gabriel Pirtea (Rector of the West University of Timișoara) - Welcome speech

Invited:   

Cosmin-Ștefan Marinescu (Presidential Adviser) To be confirmed Liviu Voinea (Deputy Governor National Bank of Romania) Camelia Bejan and/or Cristian Litan (Representative of the Committee for initiative and coordination of ERMAS 2016)

11.00-12.30: Parallel sessions Session A1:   

Camelia Turcu (University of Orleans, FR): “Corruption, institutional quality and growth: a panel smooth transition regression approach” (with Reda Marakbi) Mihai Mutaşcu (ECREB, West University of Timișoara, RO): “A wavelet analysis of the environmental kuznetscurve in France” (with Jean-Christophe Pereau and Eugen Ursu) Alexandru Minea (School of Economics & CERDI, Universite d’Auvergne, FR): “Deficit rules and monetization in a growth model with multiplicity and indeterminacy” (with Maxime Menuet and Patrick Villieu)

Session A2:   

Economic Growth - Chair of the session: Alexandru Minea, Location: Room P02 (ground floor)*

Household decisions, inequality and growth - Chair of the session: Ioana Moldovan, Location: Room 102 (1st floor)*

Nicoleta Ciurilă (University of Amsterdam, Tinbergen Institute, NL): “Labor supply, savings and consumption inequality under different pension benefits arrangements” Felicia Ionescu (Federal Reserve Board, US): “Investment opportunities and the sources of lifetime inequality” (with Kartik Athreya, Urvi Neelakantan and Ivan Vidangos) (Invited paper as member of the Scientific Committee) Ioana Moldovan (University of Glasgow, UK): “Stabilisation policy in a new keynesian model with job search, skills erosion and growth effects” (with Campbell Leith)

12.30-12.45: Coffee break 12.45-14.00: PLENARY SESSION: Keynote Sergiu Hart (The Hebrew University of Jerusalem), Title: “Two(!) good to be true”, Location: Room ADM (1st floor)* 14.00-14.45: Lunch, Location: Faculty of Economics and Business Administration Restaurant (2nd floor)

15.00-16.30: Special Session ERMAS 2016: Practices and policies perspectives on research in Economics in Romania, Location: Room ADM (1st floor) Invited: 

Sebastian Buhai, Stockholm University- SOFI, SE - “Disincentivizing the performance: the case of the Romanian national criteria for evaluating research in economic sciences”



Nicolae Gârleanu, UC Berkeley- Haas, US - “Evaluating academics: An international perspective”



Claudiu Herțeliu, ASE Bucharest, RO – “Citations. How not to do it”

16.30-16.45: Coffee Break

16.45-18.45: Parallel sessions Session B1:    

Mircea Epure (Universitat Pompeu Fabra and Barcelona GSE, ES): “Attracting early-stage investors: is debt a deterrent or an incentive?” (with Marti Guasch) Almos Telegdy (Central European University and National Bank of Hungary, HU): “Daughters, Sons and Managerial Decisions: how the Gender of the CEO's Child Affects the Share of Female Managers” (Invited paper as member of the Scientific Committee) Angela Cheptea (INRA, FR): “Do multinational retailers affect the export competitiveness of their host countries?” Andrei Barboş (University of South Florida, US): “Optimal contracts with random monitoring” (Invited paper as member of the Scientific Committee)

Session B2:   

20.30:

Firms Behaviour - Chair of the session: Andrei Barboș, Location: Room P02 (ground floor)

Game Theory (I) - Chair of the session: Marius Ochea , Location: Room 102 (1st floor)

Noemi Gasko (Babeş-Bolyai University, RO): “Approximation of (k,t) - robust equilibria” (with Tudor Dan Mihoc, Rodica Ioana Lung and Mihai Suciu) Cosmin Bonchiş (West University of Timişoara and the eAustria Research Institute, RO): “A parametric worstcase approach to fairness in TU-cooperative games” (with Gabriel Istrate) Marius Ochea (THEMA, Universite de Cergy-Pontoise, FR): “Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics” (with Cars Hommes and Jan Tuinstra) Welcome reception offered by Bosch Group Romania, Location: Prestige Ballroom**

* Rooms P02, 102 and ADM (Dumitru Mareş Amphitheatre) are located at the Faculty of Economics and Business Administration on J.H. Pestalozzi street no. 16, Timişoara ** Prestige Ballroom is located on Vasile Pârvan Boulevard no. 5 (between the West University of Timişoara and the Polytechnic University, on the opposite side of the street)

TUESDAY, 2nd of August 2016 08.00-11.00: Intensive Course – Applied Microeconometrics, Professor Andreea Mitruț, University of Gothenburg, Location: Room ADM (1st floor) 10.00-11.30: Parallel sessions Session C1:   

Otilia Boldea (Tilburg University, NL): “Break point estimation in fixed effects panel data” (with Zhuojiong Gan and Bettina Drepper) Marcel Voia (Carleton University, CA): “Non-standard confidence sets for ratios and tipping points with applications to dynamic panel data” (with Jean-Thomas Bernard, Ba Chu and Lynda Khalaf) Andreea Halunga (University of Bath, UK): “A heteroscedasticity robust Breusch-Pagan test for contemporaneous correlation in dynamic panel data models” (with Chris D. Orme and Takashi Yamagata) (Paper invited as member of the Scientific Committee)

Session C2:   

Econometrics - Chair of the session: Andreea Halunga, Location: Room 102 (1st floor)

Asset Pricing - Chair of the session: Camelia Bejan, Location: Room P02 (ground floor)

Florin Bidian (Georgia State University, US): “Bubbles and trading volume” Nicolae Gârleanu (UC Berkeley-Haas, US): “What to expect when everyone is expecting: self-fulling expectations and asset-pricing puzzles” (with Stavros Panageas) (Invited paper as member of the Scientific Committee) Camelia Bejan (University of Washington-Bothell, US): “On the shareholder versus stakeholder debate” (Invited paper as member of the Scientific Committee)

11.30-11.45: Coffee break 11.45-13.00: PLENARY SESSION: Keynote Hervé Moulin (University of Glasgow), Title: “Fair division under additive utilities: good and bad news”, Location: Room ADM (1st floor) 13.00-13.45: Lunch, Location: Faculty of Economics and Business Administration Restaurant (2nd floor) 13.45-15.45: Parallel sessions Session D1:    

Labor Markets - Chair of the session: Sebastian Buhai, Location: Room 102 (1st floor)

Cătălin Dragomirescu-Găină (Independent Researcher, IT): “Technology shocks and sectoral labour market dynamics” (with Leandro Elia) Andrei Zlate (Federal Reserve Bank of Boston, US): “Offshoring, low-skilled immigration, and labor market polarization” (with Federico S. Mandelman) Iulian Ciobică (Vrije Universiteit Amsterdam, Tinbergen Institute, NL): “Worker heterogeneity and employer screening in a search and matching model” Sebastian Buhai (Stockholm University - SOFI, SE): “Firm downsizing, public policy, and the age structure of employment adjustments” (with Hans-Martin von Gaudecker)

Session D2:    

Game Theory (II) - Chair of the session: Anna Bogomolnaia, Location: Room P02 (ground floor)

Cristian Litan (Babeş-Bolyai University, RO): “Generic finiteness of equilibrium distributions for bimatrix outcome game forms” (with Francisco Marhuenda and Peter Sudholter) Mihai Manea (MIT, US): “Information resale in networks” (Invited paper as member of the Scientific Committee) Edward Schlee (Arizona State University, US): “Public good provision under uncertainty: local cost-benefit analysis” (Invited paper as top economist from abroad) Anna Bogomolnaia (University of Glasgow, UK): “Competitive fair division” (Invited as top economist from abroad)

15.45-16.00: Coffee break 16.00-17.15: Poster Presentations for young researchers from host institution and for those invited by the Scientific Committee, Location: Room P02 (ground floor) Participants:  Claudiu Albulescu (Politehnica University of Timișoara, RO): “The money demand in an open economy model with microeconomic foundations: An application to the CEE countries” (with Dominique Pépin)  Simona Dragoș (Babeș-Bolyai University, RO): “Institutional drivers of life insurance consumption: a dynamic panel approach for European countries” (with Cristian Dragoș and Codruța Mare)  Nicolae Bogdan Ianc (West University of Timișoara and Université d'Orléans, LEO, FR), Turcu Camelia (Université d'Orléans, LEO, FR): “Differences across E(M)U candidate countries: a fiscal multiplier approach”  Adrian Marius Ionescu (West University of Timișoara and Université d'Orléans, LEO, FR): “Spillover effects of European Central Bank unconventional monetary policy: evidence from several CEE countries”  Mihai Mutașcu (West University of Timișoara, RO), Ovidiu Mura (West University of Timișoara, RO): “Public debt and economic freedom in EU’s former socialist countries”  Luiza Pandioniu (National Bank of Romania, RO): “The inverse relationship between inflation and unemployment in Romania. How strong was it after the crisis? ” (with Ștefania Iordache and Mădălina Militaru)  Monica Roman (Bucharest University of Economic Studies, RO): “Employment patterns of Romanian and Bulgarian migrants to the UK”  Alexandru Stan (Babeș-Bolyai University, RO): “Flash crashes and network topology modifications in agent based artificial markets”  Mihaela Stan (University College London, UK): “A case of public-private interplay in healthcare: Are hybrid institutional forms better performers?”

17.15-17.30: Coffee break

17.30-19.00: Parallel sessions Session E1:   

Irina Mihai (National Bank of Romania, RO): “Coping with unsustainable lending: early warning indicators and the use of macro-prudential instruments” (with Florian Neagu and Luminiţa Tatarici) Simona Mutu (Babeş-Bolyai University, RO): “Corporate governance and efficiency in banking: evidence from emerging economies” (with Alin Andrieş and Bogdan Căpraru) Andrei Tănase (National Bank of Romania, RO): “Estimating a real-time business conditions index for Romania” (with Andra Smădu and Irina Stanciu)

Session E2:   

  20.30:

Macroeconomic Theory - Chair of the session: Călin Arcălean, Location: Room P02 (ground floor)

Răzvan Vlahu (De Nederlandsche Bank, NL): “Collective strategic defaults: bailouts and repayment incentives” Francesco Magris (University “François Rabelais” of Tours, FR): “Decreasing Transaction Costs and Endogenous Fluctuations in a Monetary Model” (with Antoine Le Riche) Călin Arcălean (ESADE, Ramon Llull University, ES): “Dynamic fiscal competition: a politico-economic theory”

Session E3: 

Emerging Economies - Chair of the session: Andrei Tănase, Location: Room 102 (1st floor)

Applied Finance - Chair of the session: Alin Andrieș, Location: Room ADM (1st floor)

Miruna Pochea (Babeş-Bolyai University, RO): “Herding behavior in CEE stock markets under asymmetric conditions: a quantile regression analysis” (with Angela Maria Filip and Andreea Maria Pece) Bogdan Dima (West University of Timişoara, RO): “Mutual information and persistence in the stochastic volatility of market returns: an emerging market example” (with Ştefana Maria Dima) Alin Andrieş (Alexandru Ioan Cuza, RO): “The impact of international swap lines on stock returns of banks in emerging markets” (with Andreas M. Fischer and Pinar Yesin) Business Cocktail offered by the West University of Timişoara Alumni Community, Location: Epic Vara Garden***

12.00-14.00: It will be held “Workshop on urban development topics” – at the intiative of the local organizers from WUT, Location: Aula Magna (1st floor - West University of Timişoara, Located on Vasile Pârvan Boulevard no. 4, Timişoara), program here. *** Epic Vara Garden is located behind the Dan Păltinişanu Stadium

WEDNESDAY, 3rd of August 2016 08.00-10.30: Intensive Course – Applied Microeconometrics, Professor Andreea Mitruț, University of Gothenburg, Location: Room ADM (1st floor) 10.30-11.45: PLENARY SESSION: Keynote Roc Armenter (Federal Reserve Bank of Philadelphia), Title: “Low rates and low inflation”, Location: Room ADM (1st floor) 11.45-12.00: Coffee break 12.00-14.00: Parallel sessions Session F1: Applied Microeconomics - Chair of the session: Daniela Andren, Location: Room P02 (ground floor)   

Alina Botezat (“Gh. Zane” Institute for Economic and Social Research - Romanian Academy Iași, RO): “Austerity plan announcements and the impact on employee well-being” Simona Bejenariu Tudor (SOFI, Stockholm University, SE): “The effects of financial incentives on fertility and early investments in child health” Daniela Andren (Örebro University School of Business, SE): “Structural state dependence in Swedish social assistance: What happened to those who were single before a recession?” (with Thomas Andren)

Session F2:    

Macroeconomic Policies - Chair of the session: Mădălina Militaru , Location: Room 102 (1st floor)

Oana Furtună (University of Amsterdam, NL): “Searching for the confidence fairy: evidence from a new narrative dataset on announcements of fiscal austerity measures” (with Roel Beetsma and Massimo Giuliodori) Iuliana Tomuleasa (University of Auvergne, FR and Alexandru Ioan Cuza University, RO): “ The role of the financial sector in quantitative easing decisions: evidence from the UK” (with Dionisis Philippas and Stefanos Papadamou) Maria Bolboaca (Study Center Gerzensee, CH): “News shocks: Different effects in boom and recession?” (with Sarah Fischer) Mădălina Militaru (National Bank of Romania, RO): “Jobless recovery in Romania: the role of sticky wages and other frictions” (with Ştefania Iordache and Luiza Pandioniu)

14.00-14.15: Coffee break 14.15-14.45: Closing ceremony, Location: Room ADM (1st floor) 14.45-15.30: Lunch, Location: Faculty of Economics and Business Administration Restaurant (2nd floor) 15.30-19.00: Cultural Tour of Timişoara (offered by the organizers to the contributors, invited speakers and special guests), Meeting point: Lobby of the Faculty of Economics and Business Administration 20.30:

Farewell reception, Location: Café de Paris (Bastion) ****

**** Café de Paris (Bastion) is located on Hector Street, no. 4, Timișoara