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X-WR-CALNAME:Economics Research
X-ORIGINAL-URL:https://research.reading.ac.uk/economics
X-WR-CALDESC:Events for Economics Research
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DTSTART:20200329T010000
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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201105T130000
DTEND;TZID=Europe/London:20201105T134500
DTSTAMP:20260701T091721
CREATED:20200831T204927Z
LAST-MODIFIED:20200903T062457Z
UID:1862-1604581200-1604583900@research.reading.ac.uk
SUMMARY:Abdulaleem Isiaka - "Public Expenditure Shocks and the Inequality Multiplier: Evidence from a Sample of Middle-Income Countries" - PhD Seminar
DESCRIPTION:Abstract: \nThis paper examines the impact of unexpected public expenditure shocks on income inequality within a sample of middle-income countries. Also\, this study investigates how different percentiles are affected by the spending shocks. The fiscal shocks are captured with forecast errors in public spending. Likewise\, the local projection method is used to estimate the response of income inequality to the shocks. Additionally\, this paper presents the income inequality multiplier through cross-country and within-country dimensions. By relating the multipliers of each country to its fiscal policies\, this research provides valuable policy recommendations as to how fiscal consolidations might be implemented with less disequalizing effects.
URL:https://research.reading.ac.uk/economics/event/abdulaleem-isiaka-public-expenditure-shocks-and-the-inequality-multiplier-evidence-from-a-sample-of-middle-income-countries-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201105T134500
DTEND;TZID=Europe/London:20201105T143000
DTSTAMP:20260701T091721
CREATED:20200903T062045Z
LAST-MODIFIED:20200903T063806Z
UID:1869-1604583900-1604586600@research.reading.ac.uk
SUMMARY:Alanood Alotaibi - "Pandemics and Economic Growth: Evidence from the 1918 Influenza in the UK" - PhD Seminar
DESCRIPTION:Abstract: \nThis study investigates the link between the 1918 Influenza and economic growth in the UK. The pandemic\ncaused about 160\,000 deaths in in England and Wales. The study applies an Autoregressive Distributed Lag (ARDL) cointegration approach. We find evidence of a strong and significant adverse effect of the pandemic on growth.
URL:https://research.reading.ac.uk/economics/event/alanood-alotaibi-pandemics-and-economic-growth-evidence-from-the-1918-influenza-in-the-uk-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201112T130000
DTEND;TZID=Europe/London:20201112T134500
DTSTAMP:20260701T091721
CREATED:20201001T153247Z
LAST-MODIFIED:20201001T153247Z
UID:2013-1605186000-1605188700@research.reading.ac.uk
SUMMARY:Agnes Martins (ICMA\, Henley Business School) - "Basel II/III Implementation in Nigeria: Impact on the Resilience of its Banking Sector" - PhD Seminar
DESCRIPTION:Abstract: \nThe last twelve years have been characterised by a myriad of banking reforms in response to the 2007 to 2009 global financial crisis which propagated rapidly across the world. Nigeria\, Africa’s largest country by population and gross domestic product\, and a leading country for foreign direct investment\, was not spared from the contagion effect. In line with best practice banking reforms all over the world\, Nigeria adopted Basel II and some elements of the Basel III capital framework in 2014\, after a banking sector crisis from 2009 to 2012. This study aims to investigate the impact of these reforms on the resilience of the Nigerian Banking Industry. Firstly\, discussing the impact of reforms in Africa generally\, it then focuses on Nigeria. It uses the Industry Bank Z-score as its primary measure of resilience. The study finds that a positive impact of the reforms is revealed after controlling for macroeconomic factors in most African countries. In Nigeria\, the success of the reforms is further contingent on limiting leverage\, incorporating sound corporate governance\, and improving the business environment in terms of better regulation and the investment climate. \n 
URL:https://research.reading.ac.uk/economics/event/agnes-martins-icma-henley-business-school-basel-ii-iii-implementation-in-nigeria-impact-on-the-resilience-of-its-banking-sector-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201112T134500
DTEND;TZID=Europe/London:20201112T143000
DTSTAMP:20260701T091721
CREATED:20201012T090035Z
LAST-MODIFIED:20201012T090035Z
UID:2027-1605188700-1605191400@research.reading.ac.uk
SUMMARY:Caterina Muratori (Reading/Collegio Carlo Alberto) - "The impact of abortion access on women's agency" - PhD Seminar
DESCRIPTION:Abstract \nIn this paper\, I document the centrality of reproductive rights\, and in particular of the abortion right\, in women’s empowerment process. Limiting access to abortion implies higher rate of unintended pregnancies and subsequent lower bargaining power for women\, particularly among poor and vulnerable groups. I start from the evidences that estimate a sharp reduction in the abortion rate and an increase in the fertility rate after the implementation of many state laws regulating abortion in U.S.\, the so-called Targeted Restrictions on Abortion Providers (TRAP). I evaluate the second order effect of these restrictive policies on violence against women within family and in the workplace\, using variation caused by House Bill 2 of 2013 that suddenly closed nearly a half of Texas’ abortion clinics and doubled\, on average\, the distance from a Texas resident to her nearest clinic. I use a difference-in-difference design with year and city fixed effects to estimate the impact of a variation in abortion access on the number of reported cases of gender violence\, using within city variation in access across time. A 30 minutes increase in distance from a city’s centroid to the nearest abortion clinic is associated with a 5.5% percent increase in the number of reported cases of gender violence the same period and a 5.7% percent increase the following year. The major part of the effect of restriction on abortion access on gender violence is driven by the impact on intimate partner violence (IPV).
URL:https://research.reading.ac.uk/economics/event/caterina-muratori-reading-collegio-carlo-alberto-the-impact-of-abortion-access-on-womens-agency-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201119T130000
DTEND;TZID=Europe/London:20201119T134500
DTSTAMP:20260701T091721
CREATED:20201019T143026Z
LAST-MODIFIED:20201019T143026Z
UID:2034-1605790800-1605793500@research.reading.ac.uk
SUMMARY:Jian Chen (ICMA)– “Modelling Price and Volatility Jump Clustering by Marked Hawkes Process” – PhD Seminar
DESCRIPTION:Abstract \nThis paper studies clustering behaviours of price and volatility jumps using high-frequency data\, modelled using a Marked Hawkes Process embedded in a bivariate jump-diffusion model. Under de-periodisation\, we find evidence showing self-excitation behaviours of jumps in both individual stocks and an index. Also\, considering positive\, negative price jumps and volatility jumps\, the impact that an occurrence of a jump in one dimension has on that in another dimension is shown to be asymmetry. More importantly\, the extent of this impact is shown empirically to be positively correlated with jump size. We also formalise the self-excitement and self-freeze properties of durations between two jumps. More self-freeze behaviours have been found in empirical studies. We estimate model parameters using Bayesian inference by Markov Chains Monte Carlo.
URL:https://research.reading.ac.uk/economics/event/jian-chen-icma-modelling-price-and-volatility-jump-clustering-by-marked-hawkes-process-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201126T130000
DTEND;TZID=Europe/London:20201126T134500
DTSTAMP:20260701T091721
CREATED:20201113T192053Z
LAST-MODIFIED:20201113T192140Z
UID:2080-1606395600-1606398300@research.reading.ac.uk
SUMMARY:Ana Sina - "Leveraged Loans\, Systemic Risk and Network Interconnectedness" - PhD Seminar
DESCRIPTION:Abstract \nEspecially among those who lived the global financial crisis of 2007-2008\, it is likely that few regulators will instinctively be careless about the above pre-crisis level achieved by the global syndicated leveraged loans. We introduce global syndicated leveraged loans to study the relationship between systemic risk\, syndicated leveraged loans\, and network interconnectedness. We gather our daily deal-level loans from SDC Platinum Database and analyze the U.S. and European syndicated loans\, that together account for almost 80% of the global syndicated database during the period from 1988 to 2019. By distinguishing between leveraged and other syndicated loans\, we develop a novel measure of systemic risk as the ratio between leveraged and total loans that each lead arranger holds. We make the following contributions. First\, we show that leveraged loans have already exceeded the pre-financial crisis level\, which may pose financial stability concerns. Second\, we relate our novel measure with the systemic risk of each financial institution and find a significant correlation\, which may suggest that this new measure is employable as an early-warning. Finally\, since the syndicated loan market can be represented as a network where the linkages and nodes are based on real collaborations among lead arrangers\, we show that the financial institutions that have a larger proportion of leveraged loans in their portfolio are the most central in the network and this may cause possible implications for the future financial stability.
URL:https://research.reading.ac.uk/economics/event/ana-sina-leveraged-loans-systemic-risk-and-network-interconnectedness-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201126T134500
DTEND;TZID=Europe/London:20201126T143000
DTSTAMP:20260701T091721
CREATED:20201115T140048Z
LAST-MODIFIED:20201115T140048Z
UID:2082-1606398300-1606401000@research.reading.ac.uk
SUMMARY:Wei-Fong Pan - "The Labour Market Effect of Fiscal Policy Uncertainty" (PhD Seminar)
DESCRIPTION:Abstract \nThis study examines the effect of fiscal policy uncertainty (FPU) on job searches and labour demand in the United States. We first develop search-based job search indices and find that increased FPU leads to lower job search levels. At the same time\, when FPU rises\, labour demand is also reduced. The effect of FPU varies across different regions and is also affected by the prevailing monetary policy stance and the level of government debt. Labour market institutions can help explain these differences. Lastly\, FPU reduces matching efficiency in labour markets. These results are robust to alternative specifications\, the consideration of the effect of uncertainty from risk\, and the endogeneity problem.
URL:https://research.reading.ac.uk/economics/event/wei-fong-pan-the-labour-market-effect-of-fiscal-policy-uncertainty-phd-seminar/
LOCATION:Microsoft Teams
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
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