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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210121T130000
DTEND;TZID=Europe/London:20210121T134500
DTSTAMP:20260501T012021
CREATED:20210111T162148Z
LAST-MODIFIED:20210111T162329Z
UID:2167-1611234000-1611236700@research.reading.ac.uk
SUMMARY:Michael Simmons (RHUL) "Pre-layoff search" - PhD Seminar
DESCRIPTION:See Michael’s personal website here \nAbstract \nAre workers able to foresee job loss? If so\, how many and how far in advance? In this paper\, I document the extent to which workers change their search behaviour before job loss in the UK. In particular\, for low and high skill workers\, search incidence increases by 17and 32 percentage points\, respectively\, during the quarter that precedes job loss\, and this increased incidence is predominantly due to workers “thinking their job may end”. Equipped with this information\, I build a search model of the labour market with stochastic human capital\, where workers may receive information of job insecurity\, and are able to respond by picking their search effort and savings. I show that that the dynamics of pre-layoff search pins down key parameters governing the changes in the average worker’s information set prior to unemployment. The model estimates reveal that\, 50% and 67% of low and high skill workers\, respectively\, know of impending job loss on average about three months before becoming unemployed. As well as fitting the dynamics of pre-layoff search\, the model is also able to replicate the level of involuntary job switching\, and the costs of job loss for workers who immediately find new employment and for workers who do not. I decompose the difference sin the costs of job loss into the underlying forces at play. I find that the smaller costs of job loss for those managing to switch employers\, relative to those who transition into unemployment\, are predominantly due to workers avoiding skill loss in unemployment. Counterfactual analysis shows that if workers were unable to foresee job loss\, the unemployment rate would rise by 20% and consumption would fall by over 1%. The results reveal that increasing search following the pre-layoff warning is far more valuable to the worker than to increase savings. Finally\, I use the model to understand the implications for salient policies\, designed to mitigate the costs of job loss.
URL:https://research.reading.ac.uk/economics/event/michael-simmons-rhul-pre-layoff-search-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:20201210T130000
DTEND;TZID=Europe/London:20201210T134500
DTSTAMP:20260501T012021
CREATED:20201129T192020Z
LAST-MODIFIED:20201129T192418Z
UID:2094-1607605200-1607607900@research.reading.ac.uk
SUMMARY:Anh Nguyen (ICMA) - "The real impact of sovereign rating changes: Sovereign ceiling or crowding out of public debts?" - PhD Seminar
DESCRIPTION:Abstract \nThis paper investigates the impacts of sovereign ratings on domestic corporate investments. Based on a sample of 1757 non-financial firms in 51 countries from 1994 to 2018\, we find significant impacts of sovereign ratings on domestic investments\, after controlling for corporate creditworthiness. Specifically\, firms domiciled in a recently downgraded sovereign reduce investments by 32%\, even if their credit ratings are unchanged following the negative sovereign rating event. There is no evidence of increases in firms’ investments following sovereign upgrades. Further investigations reveal that a crowding out effect of government debts is an important channel for corporate-sovereign rating spillovers. Public debt overhangs exacerbate negative impacts of sovereign downgrades on corporate investing activities.
URL:https://research.reading.ac.uk/economics/event/anh-nguyen-icma-the-real-impact-of-sovereign-rating-changes-sovereign-ceiling-or-crowding-out-of-public-debts-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:20201203T134500
DTEND;TZID=Europe/London:20201203T143000
DTSTAMP:20260501T012021
CREATED:20201117T155227Z
LAST-MODIFIED:20201117T155227Z
UID:2085-1607003100-1607005800@research.reading.ac.uk
SUMMARY:Mobolaji Alabi (ICMA) - "The financial impact of Financial Fair Play regulation: Evidence from the English Premier League" - PhD Seminar
DESCRIPTION:Abstract \nIn response to the ailing financial situation of European Football clubs\, UEFA introduced Financial Fair Play (FFP) regulation in 2011 to guide clubs towards profitability and sustainability. The existing literature is inundated with the impacts of FFP on footballing competitiveness. However\, this study focuses on FFP’s impact on financial performance. The English Premier League (EPL) – with the highest losses and debt level in Europe pre-FFP – is an excellent scene to assess the effectiveness of FFP. Drawing on financial data of 37 football clubs in the EPL and applying difference-in-differences quasi-experiment\, we measure the effectiveness of the regulation. We find statistical significance for improved profitability; however\, solvency is yet to experience similar improvements. We believe our findings and subsequent regulatory recommendations can further improve the financial performance of football clubs.
URL:https://research.reading.ac.uk/economics/event/mobolaji-alabi-icma-the-financial-impact-of-financial-fair-play-regulation-evidence-from-the-english-premier-league-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:20260501T012021
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
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201126T130000
DTEND;TZID=Europe/London:20201126T134500
DTSTAMP:20260501T012021
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:20201119T130000
DTEND;TZID=Europe/London:20201119T134500
DTSTAMP:20260501T012021
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:20201112T134500
DTEND;TZID=Europe/London:20201112T143000
DTSTAMP:20260501T012021
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:20201112T130000
DTEND;TZID=Europe/London:20201112T134500
DTSTAMP:20260501T012021
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:20201105T134500
DTEND;TZID=Europe/London:20201105T143000
DTSTAMP:20260501T012021
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:20201105T130000
DTEND;TZID=Europe/London:20201105T134500
DTSTAMP:20260501T012021
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:20201029T134500
DTEND;TZID=Europe/London:20201029T143000
DTSTAMP:20260501T012021
CREATED:20200830T203246Z
LAST-MODIFIED:20200903T063809Z
UID:1860-1603979100-1603981800@research.reading.ac.uk
SUMMARY:Reema Altheyab - "Female Entrepreneurship: Factors governing the Performance of Female-owned SMEs in Saudi Arabia" - PhD Seminar
DESCRIPTION:Abstract: \nThere is limited literature that examines SMEs’ growth\, barriers to growth\, female entrepreneurs and the Saudi economy dimension\, where these are considered together. So\, this research aims to make a significant addition to a small body of empirical evidence in the literature review by considering the previous dimensions together. Specifically\, it aims to investigate the performance of female-owned SMEs in Saudi Arabia by measuring their sales growth and employment growth\, using male-owned SMEs as a control group. It will control for the personal characteristics of the entrepreneur (e.g. age) and for the location of the business. Economic theory of entrepreneurship will be used as the theoretical lens for this research. The research instrument will be a questionnaire. Stratified sampling techniques will be utilised to collect data from 400 Saudi entrepreneurs. The results will show whether barriers to growth are greater for women than for men.
URL:https://research.reading.ac.uk/economics/event/reema-altheyab-female-entrepreneurship-factors-governing-the-performance-of-female-owned-smes-in-saudi-arabia-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:20201029T130000
DTEND;TZID=Europe/London:20201029T134500
DTSTAMP:20260501T012021
CREATED:20200822T090511Z
LAST-MODIFIED:20200903T063813Z
UID:1846-1603976400-1603979100@research.reading.ac.uk
SUMMARY:Matthew Yeo - "Mass Outdoor Events and the Spread of an Airborne Virus: English Football and Covid-19" --- PhD Seminar
DESCRIPTION:Abstract: \nMass attendance events are a mainstay of economic and social activity. However\, such events can potentially have public health consequences by facilitating the spreading of disease. Despite these concerns\, there is currently limited evidence on the extent to which such events\, especially those taking place outdoor\, can spread disease. To provide evidence on this\, we examine how football matches that took place in England contributed to the spread of the Covid-19 virus. Our sample covers 336 league and cup matches from the Premier League down to the 8th tier of English football in March 2020 immediately before the season was halted. Combined attendance at these matches was almost 1.5m and these matches took place in around 60% of local areas. We evaluate how attendance at these matches and how full the stadia were\, contributed to the spread of Covid-19 in these areas in April.
URL:https://research.reading.ac.uk/economics/event/matthew-yeo-mass-outdoor-events-and-the-spread-of-an-airborne-virus-english-football-and-covid-19-phd-seminar/
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201022T134500
DTEND;TZID=Europe/London:20201022T143000
DTSTAMP:20260501T012021
CREATED:20200902T064547Z
LAST-MODIFIED:20200903T063839Z
UID:1867-1603374300-1603377000@research.reading.ac.uk
SUMMARY:Bushan Mohan - "Modelling returns to education in a developing economy context" - PhD Seminar
DESCRIPTION:Abstract: \nThis paper provides a brief overview of the models being used to determine the returns to education in Guyana’s labour market. The models are limited to the Quarterly LFS data published by the Guyanese Government since this is the only dataset available. The paper explains the use of the ORU approach to returns to education and model taking human capital\, job-related and regional characteristics hence leading to an Oaxaca decomposition as prescribed by empirical studies.
URL:https://research.reading.ac.uk/economics/event/bushan-mohan-modelling-returns-to-education-in-a-developing-economy-context-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:20201022T130000
DTEND;TZID=Europe/London:20201022T134500
DTSTAMP:20260501T012021
CREATED:20200904T062809Z
LAST-MODIFIED:20200904T062809Z
UID:1888-1603371600-1603374300@research.reading.ac.uk
SUMMARY:Sonia - "Impact of Climate Change on Agricultural Output: Evidence from Pakistan" - PhD Seminar
DESCRIPTION:Abstract: \nGlobal warming is a major ecological concern of the 21st century. The increasing trends in climate change over the past few decades have immensely affected the agricultural sector\, as agricultural output is heavily dependent on variation in weather and climate. Based on this notion\, I am looking into the impact of climate change on  agricultural output over time. where the agricultural output is the production of five major crops\, namely Wheat\, maize\, rice\, cotton and sugarcane of Pakistan. The type of data used for this study is panel data\, which is comprised of the cross-sectional data on the production of crops and time series data on the climate variables i.e. minimum temperature\, maximum temperature and rainfall from 1981 to 2018. A production function approach will be applied for analyzing the impacts of climate change on the production of major crops.
URL:https://research.reading.ac.uk/economics/event/sonia-impact-of-climate-change-on-agricultural-output-evidence-from-pakistan-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:20201015T134500
DTEND;TZID=Europe/London:20201015T143000
DTSTAMP:20260501T012021
CREATED:20200826T170231Z
LAST-MODIFIED:20200903T063842Z
UID:1852-1602769500-1602772200@research.reading.ac.uk
SUMMARY:Andrew Clark - "Complex Systems Modeling of Community Currencies" - PhD Seminar
DESCRIPTION:Abstract: \nWe present a complex dynamical systems subpopulation model for the construction and validation of Grassroots Economics Foundation’s Community Inclusion Currency. In our paper we introduce the modern application of community currencies\, frame our model economically\, and describe a formalized topological model of a community currency implementation. We then describe the simulation\, its results\, and prescribe next steps in applying this model to operational decision making.
URL:https://research.reading.ac.uk/economics/event/andrew-clark-complex-systems-modeling-of-community-currencies-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:20201015T130000
DTEND;TZID=Europe/London:20201015T134500
DTSTAMP:20260501T012021
CREATED:20200903T063449Z
LAST-MODIFIED:20200903T063525Z
UID:1876-1602766800-1602769500@research.reading.ac.uk
SUMMARY:Philip Ramirez - "Popularity\, Beauty and Mispricing in Tennis Betting Markets" - PhD Seminar
DESCRIPTION:Abstract: \nBehavioral biases\, such as the favorite-longshot bias\, can lead to market inefficiencies manifesting as systematic mispricing in betting markets. Using bookmaker odds for tennis matches\, as well as match results and player rankings – ability markers for performance – we attempt to uncover behavioral biases that contribute to mispricing in tennis betting markets\, i.e. beauty and popularity bias. We introduce a deep learning facial recognition model to provide subjective beauty scores for hundreds of the top female tennis players in the Women’s Tennis Association. With popularity measured with daily Wikipedia article views\, preliminary results include significant popularity bias and “beauty” bias that could explain some mispricing.
URL:https://research.reading.ac.uk/economics/event/philip-ramirez-popularity-beauty-and-mispricing-in-tennis-betting-markets-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:20201008T134500
DTEND;TZID=Europe/London:20201008T143000
DTSTAMP:20260501T012021
CREATED:20200903T062412Z
LAST-MODIFIED:20200903T063845Z
UID:1871-1602164700-1602167400@research.reading.ac.uk
SUMMARY:Stephen Opata - "Inflation forecasting performance of a developing economy central bank- The Case of Ghana" - PhD Seminar
DESCRIPTION:Abstract: \nThis study used historical inflation forecast data of the Bank of Ghana and quarterly inflation outcomes to assess forecast performance through the use of Mincer-Zarnowitz regressions and the incorporation of step indicator saturation (SIS) methodology. This paper also compared the forecast performance of the Bank of Ghana against other forecasts\, notably a benchmark forecast using the random walk model proposed by Atkeson and Ohanian (2001) and the IMF WEO forecasts. We concluded that the central bank’s forecast outperformed the other forecasts followed by the random walk forecast judging from the ratio of the root mean squared forecast errors. The Diebold Marino test further supported the conclusion that the central bank’s one-step-ahead forecast was superior with a statistically significant difference in the accuracy of the one-step-ahead central bank forecast compared to the random walk forecast. Using the concept of encompassing\, we concluded that the central bank’s forecasts reflected all information embedded in the random walk forecast but the latter forecast did not reflect all information embedded in the central bank’s one-step-ahead forecast.. The Bank of Ghana’s one-quarter-ahead inflation forecast was found to be efficient with or without the incorporation of SIS variables\, however a stronger efficiency was exhibited when SIS variables were incorporated in the forecast. The stronger efficiency exhibited by the forecast that incorporated the SIS variables points to the importance in addressing outliers and structural breaks when evaluating inflation forecasts especially in developing economies such as Ghana. There was evidence that the Bank of Ghana’s forecasting performance as measured by the inflation forecast error improved with time.
URL:https://research.reading.ac.uk/economics/event/stephen-opata-inflation-forecasting-performance-of-a-developing-economy-central-bank-the-case-of-ghana-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:20201008T130000
DTEND;TZID=Europe/London:20201008T134500
DTSTAMP:20260501T012021
CREATED:20201001T152944Z
LAST-MODIFIED:20201001T153215Z
UID:2011-1602162000-1602164700@research.reading.ac.uk
SUMMARY:Willie Nakunyada–“Termination of Correspondent Banking Relationships (CBRs) In Zimbabwe: Trends\, and Implications” - PhD Seminar
DESCRIPTION:Abstract: \nFollowing the global financial crisis of 2008\, correspondent banking relationships (CBRs) which facilitate the settlement of domestic and cross-border payments\, have been terminated in several developing countries mostly in Africa\, and the Caribbean. The closure of correspondent accounts is attributed to pressures on global banks to rationalize their business and re-evaluate their risk exposures and viability prospects. This study will use a combination of survey\, single regression models\, and panel regressions to analyze the drivers of CBRs\, as well as its impact on bank credit and remittances in Zimbabwe over the period 2008-2018.
URL:https://research.reading.ac.uk/economics/event/willie-nakunyada-termination-of-correspondent-banking-relationships-cbrs-in-zimbabwe-trends-and-implications-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:20201001T134500
DTEND;TZID=Europe/London:20201001T143000
DTSTAMP:20260501T012021
CREATED:20200903T062757Z
LAST-MODIFIED:20200928T112720Z
UID:1873-1601559900-1601562600@research.reading.ac.uk
SUMMARY:Ifeatu Uzodinma - "Suppetias Ex Machina: Can AI Technologies Aid Financial Decision-Making of People with Low Socioeconomic Status?" - PhD Seminar
DESCRIPTION:Abstract: \nIn this conceptual paper\, we outline how individuals with low socioeconomic status are more vulnerable to making choices that undermine their welfare in economic decision environments that require an acceptable comprehension of risk. We propose that novel technologies\, specifically Artificial Intelligence\, can aid in improving financial decision making for individuals with low-risk comprehension and we suggest avenues where policy can leverage emerging Artificial Intelligence technologies to design specific choice architecture that aids more risk-aware decision-making for vulnerable socioeconomic groups. Lastly\, we discuss the ethics of utilizing nudges for vulnerable populations\, the limitations of our approach\, and how our study can pave the way for future research to improve decision making for socioeconomically vulnerable individuals into how decision-making of people subject to resource scarcity can be improved.
URL:https://research.reading.ac.uk/economics/event/ifeatu-uzodinma-suppetias-ex-machina-can-ai-technologies-aid-financial-decision-making-of-people-with-low-socioeconomic-status-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:20201001T130000
DTEND;TZID=Europe/London:20201001T134500
DTSTAMP:20260501T012021
CREATED:20200901T131004Z
LAST-MODIFIED:20200928T112745Z
UID:1865-1601557200-1601559900@research.reading.ac.uk
SUMMARY:Kaelo Ntwaepelo - "Assessing the Effects of Macroprudential Policy on the Core Objectives of Monetary Policy: Evidence From Emerging Economies" - PhD Seminar
DESCRIPTION:Abstract: \nMacroprudential policy instruments have several benefits for central banks to use in managing the financial cycle. Although there is research that examines their effects on output and inflation in emerging economies\, the quantified effects of the change in macroprudential policy actions remain unknown. This study therefore contributes to the existing literature by examining the effect of a one percentage point change in the loan-to-value (LTV) ratio on output and inflation\, in emerging economies. Using a novel macroprudential dataset by the International Monetary Fund (IMF)\, the research employs the local projection method (LPM) to estimate impulse responses to a change in LTV ratios\, for the period 1990Q1 to 2016Q4. The results are expected to indicate that macroprudential policy achieves the desired targets at a relatively small cost and therefore serve as a complementary policy tool that does not interfere with the core objectives of monetary in a major way.
URL:https://research.reading.ac.uk/economics/event/kaelo-ntwaepelo-assessing-the-effects-of-macroprudential-policy-on-the-core-objectives-of-monetary-policy-evidence-from-emerging-economies-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:20200716T130000
DTEND;TZID=Europe/London:20200716T140000
DTSTAMP:20260501T012021
CREATED:20200630T103826Z
LAST-MODIFIED:20200716T145405Z
UID:1688-1594904400-1594908000@research.reading.ac.uk
SUMMARY:Wei-Fong Pan (Virtual Seminar)
DESCRIPTION:Title: The labour market effect of fiscal policy uncertainty \nAbstract: This 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 higher job search levels. However\, rising FPU reduces labour demand as we observe that the number of online job postings by firms declines significantly in response to increasing FPU. The effect of FPU varies across different groups of individuals and regions\, while also being subject to monetary policy stance. Labour market institutions are key to explain such differences. Lastly\, FPU reduces matching efficiency in labour markets. These results are robust to alternative specifications and after isolating the effect of uncertainty from risk. \nWatch the recording \n 
URL:https://research.reading.ac.uk/economics/event/wei-fong-pan-virtual-seminar/
CATEGORIES:Internal Seminars,PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200625T130000
DTEND;TZID=Europe/London:20200625T140000
DTSTAMP:20260501T012021
CREATED:20200617T102025Z
LAST-MODIFIED:20200626T143038Z
UID:1595-1593090000-1593093600@research.reading.ac.uk
SUMMARY:Abdulaleem Isiaka (Virtual Seminar)
DESCRIPTION:Title: What is the redistributive impact of reallocating government spending? Evidence from a sample of middle-income countries \nAbstract: This paper employs the fixed effects estimator in examining the redistributive impact of financing welfare programmes through cuts in other government spending components within a panel of 51 middle income countries over the period 2005–2015. Additionally\, this study investigates how the percentile income shares of different income groups within the sample are affected by the spending reallocations towards welfare programmes. This study finds that the twin objective of reducing inequality and benefiting all income groups can be achieved if the right social welfare programme is financed by cuts in expenditure on infrastructure\, agriculture and other sectors of the economy. However\, no evidence is found to confirm that inequality reduces with reallocations from defence spending towards social welfare programmes. Upon splitting the sample by income levels\, this paper finds that reallocations towards education spending are more crucial in upper middle income countries while spending reallocations towards social protection and health spending have greater relevance in lower middle income countries. Based on its findings\, this paper recommends that policy makers in middle income countries give greater consideration to the redistributive prospects of spending reallocations towards social welfare programmes. \nDownload the paper \nWatch the video
URL:https://research.reading.ac.uk/economics/event/abdulaleem-isiaka-virtual-seminar/
CATEGORIES:Internal Seminars,PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200602T093000
DTEND;TZID=Europe/London:20200602T182000
DTSTAMP:20260501T012021
CREATED:20200521T115611Z
LAST-MODIFIED:20200521T121730Z
UID:1554-1591090200-1591122000@research.reading.ac.uk
SUMMARY:1st Virtual PhD Workshop in Economics (Internal only)
DESCRIPTION:Programme: FINAL
URL:https://research.reading.ac.uk/economics/event/1st-virtual-phd-workshop-in-economics-internal-only/
CATEGORIES:PhD Seminars,Workshops
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200312T130000
DTEND;TZID=Europe/London:20200312T140000
DTSTAMP:20260501T012021
CREATED:20191004T142550Z
LAST-MODIFIED:20200224T121718Z
UID:989-1584018000-1584021600@research.reading.ac.uk
SUMMARY:Alanood Alotaibi on "Global Cycles: Capital Flows\, Commodities\, and Sovereign Defaults\, 1815-2015" (PhD Reading Group)
DESCRIPTION:Alanood Alotaibi will be leading a discussion on “Global Cycles: Capital Flows\, Commodities\, and Sovereign Defaults\, 1815-2015” by Reinhart et al.; American Economic Review\, 2016
URL:https://research.reading.ac.uk/economics/event/alanood-alotaibi-on-innovation-and-production-in-the-global-economy-phd-reading-group/
LOCATION:Edith Morley 175
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200305T130000
DTEND;TZID=Europe/London:20200305T140000
DTSTAMP:20260501T012021
CREATED:20200119T172028Z
LAST-MODIFIED:20200124T163054Z
UID:1217-1583413200-1583416800@research.reading.ac.uk
SUMMARY:How could European Central Bank Monetary Policy affect Sovereign Credit Levels? – Evidence From PIIGS — Duo Xu (Economics PhD seminar)
DESCRIPTION:Abstract: \n(TBC) \nDuo’s profile
URL:https://research.reading.ac.uk/economics/event/how-could-european-central-bank-monetary-policy-affect-sovereign-credit-levels-evidence-from-piigs-duo-xu/
LOCATION:Edith Morley 175
CATEGORIES:PhD Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200227T120000
DTEND;TZID=Europe/London:20200227T130000
DTSTAMP:20260501T012021
CREATED:20200124T194917Z
LAST-MODIFIED:20200227T092413Z
UID:1259-1582804800-1582808400@research.reading.ac.uk
SUMMARY:Military Expenditure\, Threats And Economic Growth: in the case of Pakistan and India --- Hafsa Shoukat (Economics PhD seminar)
DESCRIPTION:Abstract: \n[TBC]
URL:https://research.reading.ac.uk/economics/event/military-expenditure-threats-and-economic-growth-in-case-of-pakistan-and-india-hafsa-shoukat-economics-phd-seminar/
LOCATION:Edith Morley 124
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200213T130000
DTEND;TZID=Europe/London:20200213T140000
DTSTAMP:20260501T012021
CREATED:20200124T090235Z
LAST-MODIFIED:20200213T100955Z
UID:1253-1581598800-1581602400@research.reading.ac.uk
SUMMARY:Status consumption and intertemporal substitution --- Anurag Srivastava (Economics PhD seminar)
DESCRIPTION:Abstract: \nThe empirical measurements of status consumption have focused on visible consumption in developed markets. We use a framework of demand for quality under uncertainty and endowment effects to interpret status as a long-term goal of the consumer in an intertemporal substitution setting. The stochastic and non-stochastic models thus formulated may be more pertinent to the demand for status consumption in developing markets where urban developments are concentrated and wealth differences are higher.
URL:https://research.reading.ac.uk/economics/event/status-consumption-and-intertemporal-substitution-anurag-srivastava-economics-phd-seminar/
LOCATION:Edith Morley 175
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200206T130000
DTEND;TZID=Europe/London:20200206T140000
DTSTAMP:20260501T012021
CREATED:20200124T162913Z
LAST-MODIFIED:20200124T162913Z
UID:1257-1580994000-1580997600@research.reading.ac.uk
SUMMARY:A decomposition of UK income inequality --- Anisa Butt (Economics PhD seminar)
DESCRIPTION:Abstract: \nWe investigate the extent to which inequality in the total population is a consequence of income differences between population subgroups stratified by characteristics such as ethnicity and gender. Following Shorrocks (1984) method\, generalised entropy measures are decomposed firstly by ethnic group and then gender into two components\, inequality between and within subgroup populations. Using individual level data for the UK\, we demonstrate within-group income inequality rather than between-group income inequality is the main contributor to overall income inequality. The between-group inequality component for subgroup population decomposition by both ethnicity and gender accounts only for a very small part of the overall inequality. \nHowever\, the question remains\, to what extent can different factors explain inequality within these groups in the UK? Fields (2003) framework is followed\, we measure the relative contributions of a set of factors to inequality in individual disposable incomes using data collected by the UK household longitudinal study (UKHLS). The explanatory variables introduced in an income generating mode are used to generate factor inequality weights. The results suggest the most relevant factors in explaining the observed inequality are Employment status\, Education and Age.
URL:https://research.reading.ac.uk/economics/event/a-decomposition-of-uk-income-inequality-anisa-butt-economics-phd-seminar/
LOCATION:Edith Morley 175
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200130T080000
DTEND;TZID=Europe/London:20200130T170000
DTSTAMP:20260501T012021
CREATED:20200122T171830Z
LAST-MODIFIED:20200124T163000Z
UID:1239-1580371200-1580403600@research.reading.ac.uk
SUMMARY:Unemployment across the Euro Area: The Role of Shocks and Labor Market Institutions --- Zhe Wang (Economics PhD seminar)
DESCRIPTION:Abstract: \nThis paper analyses the impact of shocks and labor market institutions on unemployment across the Euro Area (EA) from 1999 to 2013. Specifically\, I apply the empirical methodology of Blanchard and Wolfers (2000) and Nickell\, Nunziata and Ochel (2005) to identify the direct effects of shocks and labor market institutions on unemployment\, on the one hand\, and the indirect effects of labor market institutions on changing the transmission of shocks to unemployment\, on the other hand. The shocks consist of 1) total factor productivity (TFP) shocks\, 2) the real long-term interest rate\, 3) labor demand shocks\, 4) ECB money supply shocks and 5) ECB unsystematic monetary policy shocks. The labor market institutions cover the unemployment benefit system\, active labor market policies (ALMPs)\, employment protection laws (EPLs)\, the system of wage determination and the labor tax wedge. The results suggest that the real interest rate and labor demand shocks significantly affect the unemployment rate in the EA. As for labor market institutions\, EPLs play a favorable role in reducing unemployment. In contrast\, a higher tax wedge tends to have an adverse effect on unemployment\, not only directly increasing unemployment but also indirectly amplifying the effects of shocks on unemployment. \nZhe’s profile
URL:https://research.reading.ac.uk/economics/event/unemployment-across-the-euro-area-the-role-of-shocks-and-labor-market-institution-zhe-wang-economics-phd-seminar/
CATEGORIES:PhD Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20200116T130000
DTEND;TZID=Europe/London:20200116T140000
DTSTAMP:20260501T012021
CREATED:20191004T142418Z
LAST-MODIFIED:20191004T142418Z
UID:987-1579179600-1579183200@research.reading.ac.uk
SUMMARY:Matthew Yeo on "Social Media\, Sentiment and Public Opinions: Evidence from #Brexit and #USElection" (PhD Reading Group)
DESCRIPTION:Matthew Yeo will be leading a discussion on “Social Media\, Sentiment and Public Opinions: Evidence from #Brexit and #USElection” by Gorodnichenko et al.; NBER Working Paper
URL:https://research.reading.ac.uk/economics/event/matthew-yeo-on-social-media-sentiment-and-public-opinions-evidence-from-brexit-and-uselection-phd-reading-group/
LOCATION:Edith Morley 175
CATEGORIES:PhD Seminars
END:VEVENT
END:VCALENDAR