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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-13076@amse-aixmarseille.fr
DTSTAMP:20260504T121809Z
CREATED:20260504T121809Z
LAST-MODIFIED:20260504T121809Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Eco-lunch - Céline Gimet
DTSTART:20260430T104500Z
DTEND:20260430T114500Z
DESCRIPTION:This paper examines the transmission of European monetary polic
 y through the joint role of durables\, labour market risk and household het
 erogeneity\, contributing to a new generation of OCA analyses. A two-countr
 y HANK model is used\, in which durables are traded on a secondary market\,
  provide direct utility services and can be pledged as collateral under an 
 LTV constraint that shapes their liquidity. Combining the model with a pane
 l B-SVAR estimated on post-GFC euro area data\, the analysis shows that dif
 ferences in durable-asset holdings\, collateral capacity and labour market 
 risk generate heterogeneous responses to common monetary policy shocks. The
  findings suggest that the distribution of durables plays a key role in sha
 ping monetary transmission and represents an important\, yet often overlook
 ed\, source of asymmetry within a monetary union.\\n\\nContact: Houda Hafid
 i : houda.hafidi[at]sciencespo-aix.frFederico Trionfetti : federico.trionfe
 tti[at]univ-amu.fr\n\nPlus d'informations: https://amse-aixmarseille.fr/fr/
 evenements/celine-gimet-0
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/fr/evenements/celine-gimet-0
CONTACT:Houda Hafidi : houda.hafidi[at]sciencespo-aix.frFederico Trionfetti
  : federico.trionfetti[at]univ-amu.fr
TRANSP:OPAQUE
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