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UID:event-13036@amse-aixmarseille.fr
DTSTAMP:20260414T021706Z
CREATED:20260414T021706Z
LAST-MODIFIED:20260414T021706Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Federica Romei
DTSTART:20260312T133000Z
DTEND:20260312T143000Z
DESCRIPTION:We develop a model where labor market monopsony and income risk
  generate multiple equilibria for the equilibrium real interest rate\, R∗
 . Firms’ debt issuance amplifies labor income risk\, making household ass
 et demand non-monotonic. One equilibrium features higher R∗ and lower ris
 k\; another\, lower R∗\, higher debt\, and higher risk. Policy affects eq
 uilibrium selection: central bank asset purchases lower R∗\, while govern
 ment debt raises it. Empirical evidence supports our prediction that asset 
 supply changes have differing effects on interest rates before and after th
 e Global Financial Crisis.\\n\\nContact: Marco Fongoni: marco.fongoni[at]un
 iv-amu.frAlexandros Loukas: alexandros.loukas[at]univ-amu.fr\n\nPlus d'info
 rmations: https://amse-aixmarseille.fr/en/events/federica-romei
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/federica-romei
CONTACT:Marco Fongoni: marco.fongoni[at]univ-amu.frAlexandros Loukas: alexa
 ndros.loukas[at]univ-amu.fr
TRANSP:OPAQUE
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