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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-12013@amse-aixmarseille.fr
DTSTAMP:20260415T035207Z
CREATED:20260415T035207Z
LAST-MODIFIED:20260415T035207Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:phd seminar - Valentin Burban*\, Nathan Vieira**
DTSTART:20250311T100000Z
DTEND:20250311T111500Z
DESCRIPTION:*European emerging markets and economies occupy a unique positi
 on within the global financial system due to their interconnectedness with 
 the euro area. While these economies are significantly dependent on the eur
 o\, they face global shocks stemming from fluctuations in the US dollar. Th
 is study investigates the distinct transmission channels of monetary policy
  shocks originating from the US Federal Reserve and the European Central Ba
 nk to these jurisdictions. To achieve this\, a shadow rate term structure m
 odel is estimated for Czechia\, Hungary\, and Poland\, enabling the decompo
 sition of bond yields into expectations and term premia components. This ap
 proach allows for the distinction between signaling and portfolio rebalanci
 ng channels of international shock transmission in the case of emerging mar
 kets.**This paper develops a theory of optimal job retention in a dynamic m
 atching model. Optimal job retention sets a minimum productivity below whic
 h a match should be terminated. This productivity depends on the output gai
 n that would be generated by moving a worker to another job\, plus a correc
 tion term that depends on the efficiency of labor market tightness. In matc
 hing models\, the laissez faire tightness is generally inefficient\, so c
 hanging the number of new unemployed workers can correct for the inefficien
 cy. If the effect of JR on unemployment through unemployment is straightfor
 ward\, the effect on job creation is more ambiguous. The effect of JR on jo
 b creation depends on the model: increasing JR can increase job creation by
  increasing the duration of each match or decrease job creation by increasi
 ng the tax on labor to retain low-productive jobs.\\n\\nContact: Philippine
  Escudié: philippine.escudie[at]univ-amu.frLucie Giorgi: lucie.giorgi[at]
 univ-amu.frKla Kouadio: kla.kouadio[at]univ-amu.frLola Soubeyrand: lola.so
 ubeyrand[at]univ-amu.fr\n\nPlus d'informations: https://amse-aixmarseille.f
 r/en/events/valentin-burban-nathan-vieira-0
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/valentin-burban-nathan-vieira-0
CONTACT:Philippine Escudié:&nbsp\;philippine.escudie[at]univ-amu.frLucie G
 iorgi: lucie.giorgi[at]univ-amu.frKla Kouadio: kla.kouadio[at]univ-amu.frLo
 la Soubeyrand:&nbsp\;lola.soubeyrand[at]univ-amu.fr
TRANSP:OPAQUE
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