Friday, December 27, 2019

Holiday Haze

File:Happy Holidays (5318408861).jpg

Your blogger will be back in the New Year. 

Meanwhile, Happy Holidays to all!

Wednesday, December 4, 2019

Penn Econometrics Colloquium this Saturday

The annual Greater New York Metropolitan Area Econometrics Colloquium will be hosted at Penn, this Saturday 12/7/2019. The program is now available and appears below. 

The 14th Greater New York Metropolitan Area Econometrics Colloquium
Conference Venue
Forum 250, 2nd Floor,
133 South 36th Street, Philadelphia, PA, 19104
The Ronald O. Perelman Center for Political Science and Economics (PCPSE)
University of Pennsylvania
Organizing Committee
Karun Adusumilli, Xu Cheng, Frank Diebold, Wayne Gao, Frank Schorfheide
Department of Economics, University of Pennsylvania
Penn Institute for Economic Research
Warren Center for Network and Data Sciences
Each presentation is 20 minutes plus 5 minutes discussion
8:30-9:00Breakfast and Registration
9:00-10:15Session 1. Chair: Wayne Gao
“Adaptation Bounds for Confidence Bands under Self-Similarity” by Timothy Armstrong
“Nonparametric Identification under Independent Component Restrictions” by Ivana Komunjer and Dennis Kristensen
“Local Projection Inference is Simpler and More Robust Than You Think” by José Luis Montiel Olea and Mikkel Plagborg-Møller
10:45-12:00Session 2. Chair: Karun Adusumilli
“Identification through Sparsity in Factor Models” by Simon Freyaldenhoven
“Predictive Properties of Forecast Combination, Ensemble Methods, and Bayesian Predictive Synthesis” by Kosaku Takanashi and Kenichiro McAlinn
“Learning Latent Factors from Diversified Projections and its Applications to Over-Estimated and Weak Factors” by Jianqing Fan and Yuan Liao
1:30-2:45Session 3. Chair: Xu Cheng
“Bootstrap with Cluster-dependence in Two or More Dimensions” by Konrad Menzel
“Robust Inference about Conditional Tail Features: A Panel Data Approach” by Yuya Sasaki and Yulong Wang
“On Binscatter” by Matias Cattaneo, Richard Crump, Max Farrell, and Yingjie Feng
3:15-4:30Session 4. Chair: Frank Schorfheide
“Estimation in Auction Models with Shape Restrictions” by Joris Pinkse and Karl Schurter
“Empirical Framework for Cournot Oligopoly with Private Information” by Gaurab Aryal and Federico Zincenko
“Identification of Structural and Counterfactual Parametersin a Large Class of Structural Econometric Models” by Lixiong Li
4:45-6:00Session 5. Chair: Frank Diebold
“A Short T Interactive Panel Data Model with Fixed Effects” by Jinyong Hahn and Nese Yildiz
“Salvaging Falsified Instrumental Variable Models” by Matthew Masten and Alexandre Poirier
“Bootstrap-Based Inference for Cube Root Asymptotics” by Matias Cattaneo, Michael Jansson, and Kenichi Nagasawa

Climate Change Economics and Finance

The latest IMF Finance & Development focuses on the economics of climate change. I feared it would be a forgettable collection of green-washed puff pieces, but fortunately I was wrong. There's actually a lot of insightful material, and of course a lot to discuss and debate, and it's an easy and enjoyable read. Thanks to Raham Kanani at the IMF for alerting me.

  • The Adaptive Age: No institution or individual can stand on the sidelines in the fight against climate change // by Kristalina Georgieva
  • The Greatest Balancing Act: When it comes to sustaining the vital symbiosis between the economic and the natural world, we all can do more // by David Attenborough and Christine Lagarde
  • Carbon Calculus: For deep greenhouse gas emission reductions, a long-term perspective on costs is essential // by Kenneth Gillingham
  • Fifty Shades of Green: The world needs a new, sustainable financial system to stop runaway climate change // by Mark Carney
  • Putting a Price on Pollution: Carbon pricing strategies could hold the key to meeting the world’s climate stabilization goals // by Ian Parry
  • Investing in Resilience: Disaster-prone countries are strengthening their ability to withstand climate events // by Bob Simison
  • Climate Change and Financial Risk: Central banks and financial regulators are starting to factor in climate change // by Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim         
  • Reaping What We Sow: Smart changes to how we farm and eat can have a huge impact on our planet // by Nicoletta Batini                
  • A Greener Future for Finance: The successes and challenges of green bonds offer lessons for sustainable finance // by Afsaneh Beschloss and Mina Mashayekhi