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Seminar : Technology Shocks and Business Cycles in India
Speaker : Dr. Sheshadri Banerjee (NCAER) Abstract What are the driving forces of business cycle fluctuations? How do these drivers interact with the movement of output? What are the determining factors for the relative importance of these drivers in the business cycle? We address these three research questions considering Indian economy as the test bed. A small open economy New Keynesian DSGE model is developed, which features external habit formation, investment adjustment cost, home bias in consumption and investment, and staggered…
Event DetailsSeminar : Asymmetric Dynamic Price Mechanism for Symmetric Buyers
Speaker : Dr. Shraman Banerjee Abstract: We consider a dynamic price mechanism of a seller who must sell a single unit of a good to a number of buyers before a deadline. The price in each period is sequentially rational. When the buyers are ex-ante symmetric but non-anonymous to the seller, we propose an asymmetric mechanism that includes a horizontal price discrimination along with inter-temporal price discrimination. We show that the asymmetric mechanism generates higher revenue than the optimal symmetric mechanism…
Event DetailsSeminar : Manipulating Private Information to Evaluate Expert Talent
Speaker : Dr. Saptarshi Ghosh Abstract : Manipulating Private Information to Evaluate Expert Talent Nejat Anbarci Saptarshi P. Ghosh Jaideep Roy Abstract An evaluator wishes to accurately evaluate an expert’s talent for obtaining and analysing information in prediction tasks. As part of an active talent-spotting strategy, he may interfere with the expert’s private signal by jamming or boosting its precision. We show that when the priors are significantly uninformative so that the prediction task is a priori difficult, the evaluator finds…
Event DetailsSeminar : School Feeding and Cognitive Skills: Evidence from India’s Midday Meal Program
Speaker : Dr. Tanika Chakraborty Abstract : We study the effect of the world’s largest school feeding program on children’s learning outcomes. Staggered implementation across different states of a 2001 Indian Supreme Court Directive ordering the introduction of free school lunches in primary schools generates plausibly exogenous variation in program exposure across different birth cohorts. We exploit this to estimate the effect of program exposure on math and reading test scores of primary school-aged children. We find that midday meals have…
Event DetailsSeminar : Natural resources and crony capitalism in India
Mr Paranjoy Guha Thakurta (Editor, Economic and Political Weekly) is presenting a seminar on Thursday, 12th May in Seminar Hall 1 at 4:00 p.m. The title of his talk is:”Natural resources and crony capitalism in India”.
Event DetailsInternational Workshop on “Individual Choices and Collective Decisions”
International Workshop on “Individual Choices and Collective Decisions” (in collaboration with Free University of Amsterdam and University of Bayreuth) Three short courses from May 15, 2016 to May 20, 2016 (both days inclusive). Venue: Seminar Room 1 Time slots: 9.30 to 11, 11.30 to 1 and 2.30 to 4 respectively. The Politics of Freedom – Matthew Braham (University of Bayreuth) and Martin van Hees (VU Amsterdam, John Stuart Mill College) Social Choice Theory – René van den Brink (VU Amsterdam)…
Event DetailsSeminar : Fiscal Financing Components in a Simple Model of Policy Interaction
Speaker : Dr. Piyali Das (Indiana University)
Event DetailsSeminar : Subordinated Stochastic Processes
Speaker : Dr. Arun Kumar Sharma (ISI Chennai) Abstract: A Subordinated stochastic process X(T(t)) is obtained by time-changing a process X(t) with a positive non-decreasing stochastic process T(t). The process X(T(t)) is said to be subordinated to the driving process X(t) and the process T(t) is called the directing process. Subordinated processes demonstrate interesting probabilistic properties and have applications in finance, economics, statistical physics and fractional calculus. The aim of this talk is to discuss the concept of subordinated processes and…
Event DetailsSeminar : The Output gap and expected security returns
Speaker : Dr. Anindya Biswas (Spring Hill College) Abstract: This paper analyzes the impact of the output gap on market excess returns. The output gap is usually defined as the deviation of output from potential output that is indicated by the trend output. However, this study departs from the common approach of calculating the output gap based on a simple trend line. It uses a flexible data-driven weighting scheme, and it uses only the available information that corresponds to each…
Event DetailsSeminar: The Role of Historical Resource Scarcity in Modern Gender Inequality
Dr Chandan Kumar Jha (Le Moyne College, Syracuse) is presenting a seminar on Wednesday, 29th June in Seminar Hall 1 at 4:00 p.m. The title of his talk is:”The Role of Historical Resource Scarcity in Modern Gender Inequality”. Abstract: This study detects a curious correlation between historical resource scarcity and modern gender inequality: current economic circumstances held constant, there tends to be more gender inequality in regions less endowed with agro-ecological resources, considered historical given the stability of geographical conditions.…
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