Newsletter
L’environnement macroéconomique contemporain est particulièrement incertain : les stratégies monétaires non-conventionnelles, les forts niveaux d’endettements privés et publics, l’aléa politique dans de nombreux pays et l’incertitude concernant l’avenir de la productivité et de la croissance y concourent, de même que les risques d’occurrence de chocs rares mais extrêmes, liés notamment au changement climatique ou à la montée du terrorisme.
Sous la direction scientifique de Gilles Saint-Paul (PSE, ENS) et la direction exécutive d’Axelle Ferriere (PSE, CNRS), la Chaire Risque macroéconomique vise à explorer ces évolutions et plus largement à promouvoir le développement et la diffusion de la recherche sur le risque macroéconomique.
A cet effet, une lettre d’information, entièrement en anglais, voit le jour, synthétisant les travaux réalisés ou diffusés dans le cadre de la chaire.
Contact : Samuel Chich - samuel.chich psemail.eu
Newsletter #9, Mai 2022
> 2021 Macroeconomic Risk Chair Annual Lecture :
- Is an inflation disaster around the corner ? by Ricardo Reis (London School of Economics and Political Science)
- Interview : Ricardo Reis (London School of Economics and Political Science)
> 2021 Junior Research Prize :
- Herding Through Booms and Busts, by Edouard Schaal (CREI, ICREA, UPF, BGSE and CEPR) and Mathieu Taschereau-Dumouchel (Cornell University)
- Interview : Edouard Schaal (CREI, ICREA, UPF, BGSE and CEPR) and Mathieu Taschereau-Dumouchel (Cornell University)
Newsletter #8, Janvier 2022
> Can Democracy Survive a Concentrated Economy ?
An interview with Luigi Zingales (The University of Chicago Booth School of Business)
> A Model of Post-2008 Monetary Policy, by Olivier Loisel (CREST, ENSAE)
> A Model of Credit, Money, Interest and Prices, by Saki Bigio (UCLA, NBER)
> Falling Interest Rates and Credit Misallocation : Lessons from General Equilibrium, by Alberto Martin (CREi, UPF, Barcelona GSE)
> The Effect of Macroeconomic Uncertainty on Household Spending, by Olivier Coibion (University of Texas at Austin)
> Zero Lower Bound on Inflation Expectations, by Dmitriy Sergeyev (Bocconi University)
Newsletter #7, Septembre 2021
> Simple Rules for a Complex World with Artificial Intelligence
An interview with Jesús Fernandez-Villaverde (University of Pennsylvania)
> Collateralization and Asset Price Bubbles when Investors Disagree about Risk,
by Tobias Broer (PSE, IIES and CEPR) and Afroditi Kero (Neapolis University Pafos)
> Sovereign Default and Imperfect Tax Enforcement,
by Francesco Pappadà (Banque de France, PSE Visitor) and Yanos Zylberberg (University of Bristol, CESifo and the Alan Turing Institute)
Newsletter #6, Décembre 2020
> State Dependent Effects of Monetary Policy : The Refinancing Channel
An interview with Martin Eichenbaum (Northwestern University)
> The Great Lockdown and the Big Stimulus : Tracing the Pandemic Possibility Frontier for the U.S.,
by Benjamin Moll (London School of Economics)
> Housing Tenure and Household Debt : Life-Cycle Dynamics During a Boom and Bust,
by Clodomiro Ferreira (Bank of Spain)
> Understanding Consumer Default Risk, by Stefania Albanesi (University of Pittsburgh)
> Macroeconomic Effects of Debt Relief : Consumer Bankruptcy Protections in the Great Recession,
by Adrien Auclert (Stanford University)
Newsletter #5, Septembre 2020
> Roundtable : Macroeconomic consequences of the Coronavirus crisis
> 2020 Junior Research Prize : Ludwig Straub (Harvard University) and Robert Ulbricht (Boston College)
> Financial Cycles with Heterogeneous Intermediaries, by Nuno Coimbra (PSE) and Hélène Rey (London Business School, CEPR and NBER)
> Waiting for the Prince Charming : Fixed-Term Contracts as Stopgaps, by Normann Rion (PSE, ENS-PSL)
Newsletter #4, Avril 2020
> Why do Stock Markets Jump (and Trump’s impact on Markets) ?
An Interview with Nicholas Bloom (Stanford University)
> Risks posed by China to the global economy
- The Changing Landscape of China’s Financial System, by Yu Zheng (Queen Mary)
- Trade Networks and Firm Value : Evidence from the 2018 US China Trade War, by Yi Huang (IIES Geneva)
- Understanding China’s Debt Risk, by Wei Yao (Société Générale)
Newsletter #3, Décembre 2019
> Risk-Centric Macroeconomics : An Interview with Ricardo Caballero (Massachusetts Institute of Technology)
> Strategic Default in Financial Networks, by Nizar Allouch (University of Kent)
> The Transmission of Shocks in Endogenous Financial Networks : A Structural Approach, by Romain Rancière (University of Southern California)
> Understanding Uncertainty Shocks and the Role of Black Swans, by Anna Orlik (Federal Reserve Board)
> Panel : Long-Term Risks for the World Economy
Newsletter #2, Juin 2019
> 2019 Young Researcher Award
> Intermediation and Voluntary Exposure to Counterparty Risk, by Maryam Farboodi (MIT Sloan School of Management)
> Trading Ambiguity : A Tale of Two Heterogeneities, by Jean-Marc Tallon (PSE, CNRS)
> From Microeconomic Favoritism to Macroeconomic Populism, by Gilles Saint-Paul (PSE, ENS)
Newsletter #1, Décembre 2018
> Why a SCOR-PSE Chair on macroeconomic risk ? By Gilles Saint-Paul (PSE, ENS)
> Highlights from the inaugural conference
- Does Uncertainty Reduce Growth ?
- Learning, Confidence, and Business Cycles
- Interest Rate Management in Uncertain Times
- The Tail that Keeps the Riskless Rate Low
- Policy panel : Are we at risk of a new financial crisis ?
> Disaster risk in macroeconomics and finance, by Xavier Gabaix (Harvard)
