BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Economics Research - ECPv6.0.5//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://research.reading.ac.uk/economics
X-WR-CALDESC:Events for Economics Research
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/London
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20200329T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20201025T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0000
TZOFFSETTO:+0100
TZNAME:BST
DTSTART:20210328T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0100
TZOFFSETTO:+0000
TZNAME:GMT
DTSTART:20211031T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210212T143000
DTEND;TZID=Europe/London:20210212T160000
DTSTAMP:20260423T050539
CREATED:20210109T221351Z
LAST-MODIFIED:20210109T221351Z
UID:2133-1613140200-1613145600@research.reading.ac.uk
SUMMARY:Ryan Pinheiro (ROSES)
DESCRIPTION:Title: \nAll Runs Are Created Equal: Labor Market Efficiency in Major League Baseball \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/ryan-pinheiro-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210211T130000
DTEND;TZID=Europe/London:20210211T134500
DTSTAMP:20260423T050539
CREATED:20210201T190908Z
LAST-MODIFIED:20210201T190951Z
UID:2209-1613048400-1613051100@research.reading.ac.uk
SUMMARY:Luqman Saeed (RHUL) "Political and Economic Consequences of Humanitarian Military Interventions Abstract" - PhD Seminar
DESCRIPTION:Abstract \nThis study investigates the impact of humanitarian military interventions (HMIs) on conflict termination\, conflict escalation\, economic output and democratic performance using panel data on 144 countries covering time-period of 1960-2018. Scholars are divided over whether HMIs are an effective means of enforcing peace and establishing economic and political stabilities. This contribution is empirical\, and it exploits a new database on HMIs in post second world war period developed by the Peace Research Institute Frankfurt. The results from multivariate analyses suggest that biased HMIs have deteriorating impact on conflict whereas neutral interventions have positive impact on conflict termination. In particular\, interventions which are biased against rebels\, tend to escalate conflict. Neutral interventions have no significant negative impact on output whereas HMIs biased against governments and rebels lead to around 9 -8 percent decrease in per capita output. Finally\, neutral and against governments HMIs lead to increase in democracy score. These results are consistent in both contemporaneous and long-run decaying modes and also in IV regressions.
URL:https://research.reading.ac.uk/economics/event/luqman-saeed-rhul-political-and-economic-consequences-of-humanitarian-military-interventions-abstract-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:20210210T143000
DTEND;TZID=Europe/London:20210210T160000
DTSTAMP:20260423T050539
CREATED:20210109T222338Z
LAST-MODIFIED:20210519T112705Z
UID:2151-1612967400-1612972800@research.reading.ac.uk
SUMMARY:Peter Spittal (External Seminar)
DESCRIPTION:Title: Benefit salience and labour supply \nAbstract: I study the salience of dynamic features of the welfare system. I estimate labour supply responses to a large\, lump-sum and foreseeable reduction in benefit income arising from children ageing out of eligibility for Child Tax Credit—a major welfare programme in the UK. I show that the rules governing eligibility are non-salient\, despite the high financial stakes\, and that claimants learn about them through experience. The results also rule out a broad set of alternative mechanisms which are indistinguishable from salience effects in static settings. I then develop a structural life-cycle labour supply model in which individuals may be unaware of the benefit eligibility rules\, using the empirical results to identify key parameters in the model. The model estimates suggest that nearly 82 percent of claimants are initially unaware of the benefit eligibility rules. And the resulting optimisation errors have substantial welfare costs—equivalent to a 14 percent reduction in income from the programme\, with no offsetting benefits to the government. The findings identify a new source of inefficiency in the welfare system\, and highlight the importance of recognising that dynamic features of policy may be non-salient. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/peter-spittal-external-seminar/
CATEGORIES:External Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210208T130000
DTEND;TZID=Europe/London:20210208T140000
DTSTAMP:20260423T050539
CREATED:20210123T035631Z
LAST-MODIFIED:20210519T132356Z
UID:2193-1612789200-1612792800@research.reading.ac.uk
SUMMARY:Steven Bosworth (Internal Seminar)
DESCRIPTION:Title: Parental time investments and instantaneous well-being in the United States (with Almudena Sevilla and Ignacio Gimenez-Nadal) \nAbstract: We use the Well-being Modules of the American Time Use Survey to document that\, despite spending about 30 minutes more in child care per day\, higher educated mothers report lower levels of instantaneous well-being than less-educated mothers during child-related activities. Our results hold after controlling for a wide set of cofounders\, including life satisfaction. We present an identity economics model of “intensive mothering” to explain these findings: mothers with high education relative to a reference group select into an identity which places high value on human capital outcomes. This identity confers high social prestige but requires costly investments to maintain a separating equilibrium. Consistent with the model\, we find that the education gradient in maternal instantaneous well-being is unique to child care activities. There is no education gradient during non-child-related activities\, among fathers or among non-mothers. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/steven-bosworth-internal-seminar-2/
CATEGORIES:Internal Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210205T143000
DTEND;TZID=Europe/London:20210205T160000
DTSTAMP:20260423T050539
CREATED:20210109T220955Z
LAST-MODIFIED:20210109T220955Z
UID:2125-1612535400-1612540800@research.reading.ac.uk
SUMMARY:Nathan Ashby (ROSES)
DESCRIPTION:Title: \nBig Swimmer in a Small Pond or Small Swimmer in a Big Pond? Evidence of Peer Effects from High School Competition Realignments \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/nathan-ashby-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210204T134500
DTEND;TZID=Europe/London:20210204T143000
DTSTAMP:20260423T050539
CREATED:20210201T191139Z
LAST-MODIFIED:20210201T191139Z
UID:2211-1612446300-1612449000@research.reading.ac.uk
SUMMARY:Konstantina Boutsioukou (RHUL) "Parental background and access to tertiary education in Greece: Changes in times of crisis" - PhD seminar
DESCRIPTION:Abstract\nIn this study I explore how university entry patterns in Greece were affected by the debt crisis over the period 2008-2016. In particular\, I study the distribution of educational participation in elite university programmes in Greece and examine whether the link between parental background and admission to elite university programmes has changed as a result of the economic recession that hit Greece in 2009. I use individual-level data for admissions to every undergraduate university program in Greece for nine rounds of admission cohorts (2008-2016) and data on the university admission thresholds (2008-2016) for every undergraduate university programme\, recording the minimum score required for entry. I find that students from higher educational backgrounds are more likely to be admitted to elite departments such as medicine\, law and engineering compared to students from poorer educational backgrounds. However\, the results indicate that the socioeconomic gradient of entry into the elite programmes has become flatter over the years of the crisis.
URL:https://research.reading.ac.uk/economics/event/konstantina-boutsioukou-rhul-parental-background-and-access-to-tertiary-education-in-greece-changes-in-times-of-crisis-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:20210204T130000
DTEND;TZID=Europe/London:20210204T134500
DTSTAMP:20260423T050539
CREATED:20210111T164140Z
LAST-MODIFIED:20210111T164512Z
UID:2175-1612443600-1612446300@research.reading.ac.uk
SUMMARY:Ran Tao (ICMA) "News-Based Links and Cross-firm Return Predictability" - PhD Seminar
DESCRIPTION:Abstract \nApplying a “co-coverage” concept to the Dow Jones Newswire articles\, we propose to identify each firm’s news-based links (NBLs) and thereby construct a newsworthiness economic grouping scheme. The advantage of NBLs is to capture the up-to-date relative importance of different economic links between a base firm and its peers. We show that a base firm’s share price responses persistently to the shock transmitted from its industry peers reweighted by the NBLs. Additional empirical tests show that the relative importance of those NBLs is not immediately clear to the investors and therefore is reflected sluggishly in the return shock from NBL peers to the base firms. Taken together\, our results suggest that monitoring news co-coverage plays an important role in understanding the cross-firm return predictability documented in the literature
URL:https://research.reading.ac.uk/economics/event/ran-tao-icma-news-based-links-and-cross-firm-return-predictability-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:20210203T143000
DTEND;TZID=Europe/London:20210203T160000
DTSTAMP:20260423T050539
CREATED:20210109T222306Z
LAST-MODIFIED:20210519T093703Z
UID:2150-1612362600-1612368000@research.reading.ac.uk
SUMMARY:Arlan Brucal (External Seminar)
DESCRIPTION:Title: Assessing the impact of energy prices on plant-level environmental and economic performance: Evidence from Indonesian manufacturers (joint w/ Antoine Dechezleprêtre) \nAbstract: The paper investigates the impact of policy-induced higher energy prices on the environmental performance and competitiveness of Indonesian firms using plant-level data covering all medium and large enterprises in the Indonesian manufacturing industry for the period 1980-2015. The study exploits geographic\, industrial and temporal energy price variations to identify the causal effect of price increases on the performance of firms. Preliminary results show that a 10% energy price increase induces a reduction in energy use by 5.23%\, higher than most estimates in developed-country settings\, with minimal effect on average employment. In response to energy price shocks\, Indonesian plants tend to update their capital stock towards more energy-efficient and/or energy-saving machineries and vehicles. Our approach also highlights the importance of considering not only surviving firms but also entry and exit when analysing the effects of energy price policies. At the micro-level\, we find that higher energy prices increase the likelihood of plant exits. This kind of response is higher in magnitude for plants that are relatively more energy intensive. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/arlan-brucal-external-seminar-2/
CATEGORIES:External Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210201T130000
DTEND;TZID=Europe/London:20210201T140000
DTSTAMP:20260423T050539
CREATED:20210123T035553Z
LAST-MODIFIED:20210519T132857Z
UID:2192-1612184400-1612188000@research.reading.ac.uk
SUMMARY:James Reade (Internal Seminar)
DESCRIPTION:Title: Disparate Sporting Topics: Expert Forecasts and No Shows \nAbstract: This talk combines two separate pieces of research that are not obviously linked other than that they look at sport. The first considers a novel dataset of German expert forecasts of football match scorelines. Forecasts from 25 experts (21 male\, 4 female\, including famous former footballers and at least one rapper) are collected for over 400 matches over a year and a half\, and analysed in terms of their success\, but also tentatively the information that each uses. The second topic is the phenomenon of no shows – fans that buy tickets for an event but then do not attend. This is distinct behaviour from that of fans that actually attend. We don’t observe individual level data\, but we do have data from Reading FC since 2004 on the number of no shows at each matches\, alongside various other characteristics (total tickets sold\, total in attendance\, home and away spectators). \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/james-reade-internal-seminar-2/
CATEGORIES:Internal Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210129T143000
DTEND;TZID=Europe/London:20210129T160000
DTSTAMP:20260423T050539
CREATED:20210109T220934Z
LAST-MODIFIED:20210109T220934Z
UID:2124-1611930600-1611936000@research.reading.ac.uk
SUMMARY:Marius Otting (ROSES)
DESCRIPTION:Title: \nExploratory analysis of in-game betting dynamics \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/marius-otting-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210128T134500
DTEND;TZID=Europe/London:20210128T143000
DTSTAMP:20260423T050539
CREATED:20210111T164307Z
LAST-MODIFIED:20210113T081422Z
UID:2177-1611841500-1611844200@research.reading.ac.uk
SUMMARY:Yongda Liu (ICMA) "Internal Information Quality and Financial Policy Peer Effects" - PhD Seminar
DESCRIPTION:Abstract \nThis paper investigates how firms’ internal information quality influences the peer effects in its financial policy. By employing earning announcement speed and insider trading profitability difference as measurements\, we find that firms with low internal information quality have a high propensity of mimicking the capital structure decision of its product market peers and\, by doing so\, firms’ operating performance suffers. Our further analysis shows that poor information quality could amplify the agency problem\, therefore inducing more peer mimicking.
URL:https://research.reading.ac.uk/economics/event/yongda-liu-icma-tbc-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:20210128T130000
DTEND;TZID=Europe/London:20210128T134500
DTSTAMP:20260423T050539
CREATED:20210111T162517Z
LAST-MODIFIED:20210121T124809Z
UID:2172-1611838800-1611841500@research.reading.ac.uk
SUMMARY:Alex Vickery (RHUL) "Reaching for the SKY: Parental Investments in Academic Skills and Competition for University Places" - PhD Seminar
DESCRIPTION:See Alex’s personal website here \nAbstract \nI study the development of child academic skills through adolescence in anticipation of entry to university. I look at how heterogeneity in initial household income and child skills affects parents’ decisions to invest in private education for their child\, and how the resulting choices contribute to inequality in university admissions in the first instance\, and also to lower social mobility in terms of lifetime earnings. I use a non-linear factor approach to estimate human capital production functions that are placed within an equilibrium framework to account for the fact that places at top universities are highly attractive but also limited. I find that there are strong complementarities between different academic skills and that private education in one subject can have strong spillover effects on the accumulation of skills in cognate subjects. The implied equilibrium competition for limited places at top universities strongly contributes to low inter-generational social mobility\, and\, conversely\, policies that would limit competition could improve equality and the allocation of talent.
URL:https://research.reading.ac.uk/economics/event/alex-vickery-rhul-reaching-for-the-sky-parental-investments-in-academic-skills-and-competition-for-university-places-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:20210122T143000
DTEND;TZID=Europe/London:20210122T160000
DTSTAMP:20260423T050539
CREATED:20210109T220917Z
LAST-MODIFIED:20210109T220917Z
UID:2123-1611325800-1611331200@research.reading.ac.uk
SUMMARY:S-TRAINING-ROSES @ 3PM Laurent Malisoux (ROSES)
DESCRIPTION:Title: \nShoe cushioning\, body mass and running biomechanics as risk factors for running injury: A randomised trial with 800+ recreational runners \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/s-training-roses-3pm-laurent-malisoux-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210121T134500
DTEND;TZID=Europe/London:20210121T143000
DTSTAMP:20260423T050539
CREATED:20210111T164416Z
LAST-MODIFIED:20210114T142059Z
UID:2180-1611236700-1611239400@research.reading.ac.uk
SUMMARY:Muayad Ismail "Distributional and Welfare Effects of IMF Programs in Sudan" - PhD Seminar
DESCRIPTION:Abstract \nThis research aims at evaluating the distributional and welfare effects of IMF programs implemented in Sudan during the period 1960-2018. This research is expected to contribute to the current debate about the potential social impact of the ongoing IMF program in Sudan and implications for the very difficult political transition following regime change. It generally examines the validity of various claims in the literature that Fund programs are harmful for income distribution and growth. Specifically\, the research evaluates the efficacy of these assumptions and the costs of IMF programs in terms of increasing income inequality and reducing per capita income for Sudanese during or after programs. To this effect\, the study will use a combination of quantitative methods\, including Vector Auto-regressive models (VAR) and Generalized Method of Moments. The paper will also extend the analysis to cover the Middle East and North Africa (MENA) region to further strengthen the robustness of the results.
URL:https://research.reading.ac.uk/economics/event/muayad-ismail-tbc-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:20210121T130000
DTEND;TZID=Europe/London:20210121T134500
DTSTAMP:20260423T050539
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:20210115T143000
DTEND;TZID=Europe/London:20210115T160000
DTSTAMP:20260423T050539
CREATED:20210109T220851Z
LAST-MODIFIED:20210109T220851Z
UID:2122-1610721000-1610726400@research.reading.ac.uk
SUMMARY:Mario Lackner (ROSES)
DESCRIPTION:Title: \nDo male managers increase risk-taking of female teams? Evidence from the NCAA \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/mario-lackner-roses-2/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210108T143000
DTEND;TZID=Europe/London:20210108T160000
DTSTAMP:20260423T050539
CREATED:20210109T220823Z
LAST-MODIFIED:20210109T220823Z
UID:2126-1610116200-1610121600@research.reading.ac.uk
SUMMARY:Georg Stadtmann (ROSES)
DESCRIPTION:Title: \nFortnite: The Business Model Pattern Behind the Scene \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/georg-stadtmann-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201218T143000
DTEND;TZID=Europe/London:20201218T160000
DTSTAMP:20260423T050539
CREATED:20200921T092100Z
LAST-MODIFIED:20200921T092100Z
UID:1959-1608301800-1608307200@research.reading.ac.uk
SUMMARY:Georgios Nalbantis (ROSES)
DESCRIPTION:Title: \nSubstitution effects between international soccer telecasts \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/georgios-nalbantis-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201211T143000
DTEND;TZID=Europe/London:20201211T160000
DTSTAMP:20260423T050539
CREATED:20200921T092013Z
LAST-MODIFIED:20200921T092013Z
UID:1957-1607697000-1607702400@research.reading.ac.uk
SUMMARY:Roger Titford (ROSES)
DESCRIPTION:Title: \nEngland’s first football boom 1872-1914 and its 21st century parallels \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/roger-titford-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201210T130000
DTEND;TZID=Europe/London:20201210T134500
DTSTAMP:20260423T050539
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:20201204T143000
DTEND;TZID=Europe/London:20201204T160000
DTSTAMP:20260423T050539
CREATED:20200921T091925Z
LAST-MODIFIED:20200921T091925Z
UID:1955-1607092200-1607097600@research.reading.ac.uk
SUMMARY:Sofia Paklina (ROSES)
DESCRIPTION:Title: \nReferee Bias and International Relations \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/sofia-paklina-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201203T134500
DTEND;TZID=Europe/London:20201203T143000
DTSTAMP:20260423T050539
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:20201127T143000
DTEND;TZID=Europe/London:20201127T160000
DTSTAMP:20260423T050539
CREATED:20200921T091830Z
LAST-MODIFIED:20200921T091830Z
UID:1953-1606487400-1606492800@research.reading.ac.uk
SUMMARY:Alex Farnell (ROSES)
DESCRIPTION:Title: \nSpecial Ones? The Effect of Head Coaches on Football Team Performance \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/alex-farnell-roses-2/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201126T134500
DTEND;TZID=Europe/London:20201126T143000
DTSTAMP:20260423T050539
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:20260423T050539
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:20201125T143000
DTEND;TZID=Europe/London:20201125T160000
DTSTAMP:20260423T050539
CREATED:20200924T161827Z
LAST-MODIFIED:20210519T132653Z
UID:1986-1606314600-1606320000@research.reading.ac.uk
SUMMARY:Miguel Fonseca (External Seminar)
DESCRIPTION:Title: Cartel deterrence and manager labor market in US and EU antitrust jurisdictions: theory and experimental data (joint with Ricardo Goncalves\, Joana Pinho and Giovanni Tabacco) \nAbstract: We explore the consequences to contract design if firm shareholders are intent on their managers engaging in price fixing activities under different legal regimes. We show that in fine-only legal regimes\, optimal contracts must have a fixed wage. In contrast\, in fine-plus-prosecution legal regimes optimal contracts must be high-powered\, involving a variable component. We test these predictions in a laboratory experiment. We observe contract choices of firm owners\, for a given legal regime\, as well as the likelihood of managers forming explicit cartels and coordinating on prices in an indefinitely repeated Bertrand oligopoly\, taking contract and legal regime as given. The data show that prosecuting managers leads to lower collusion\, but high-powered contracts do not incentivize cartel formation or price coordination effectively\, irrespective of legal regime. Nevertheless\, high-powered contracts were most frequently chosen by firm owners\, often with collusive intents. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/miguel-fonseca-external-seminar-2/
CATEGORIES:External Seminars
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201124
DTEND;VALUE=DATE:20201125
DTSTAMP:20260423T050539
CREATED:20201109T191523Z
LAST-MODIFIED:20201109T191913Z
UID:2061-1606176000-1606262399@research.reading.ac.uk
SUMMARY:Macroeconomics and Reality: Where Are We Now?
DESCRIPTION:Programme\nClick here for the full conference programme. \nAim of the Conference\nMacroeconomists are responding to extraordinary challenges. We are learning in real time; adapting and improving existing models\, whilst expanding and incorporating new methods to understand better our complex and evolving reality. Forty years after the publication of Christopher Sims’s seminal paper on Macroeconomics and Reality\, we look to share\, debate and evaluate some of the new models and methods in macroeconomics which address our biggest policy challenges – and perhaps hold the greatest promise for the future. The intended audience is colleagues and graduate students in economics\, policymakers\, governments\, think-tanks\, and research economists across the world. \nBackground\nThe world economy had a testing last decade and faces further challenges in the decade ahead. In the aftermath of the Global Financial Crisis we saw productivity growth evaporate\, rising concerns about inequalities\, and an erosion of public support for economic integration. The traditional policy answer of borrowing and spending has led to the highest world debt-to-GDP ratios in history; and interest rates\, in advanced economies at least\, that are at or close to their effective lower bound. Asset prices continue to rise\, while major economies seem as close to deflation as inflation. Environmental degradation continues as we may be heading towards an ecological catastrophe. And now we start the new decade with the COVID-19 virus\, a global health pandemic which also exacerbates many of these challenges. \nAnyone looking from a distance might wonder whether the global economy is really approaching a steady state\, under any reasonably realistic definition. And yet there are reasons for at least some professional optimism. The fiscal and monetary response to COVID-19 has been very different (and more successful) compared to the aftermath of the Global Financial Crisis. Computing power allows us vastly to expand our methods of analysis to include heterogeneity\, direct interaction between agents\, and handling Big Data. The pandemic has finally forced us to look beyond our discipline and consider how we might achieve a more integrated framework for our greatest real-world problems. This opens up the possibility of making real progress on tackling our greatest policy challenges. \nRegistration\nTo register for this event\, please contact Richard Arnold at r.arnold@niesr.ac.uk \nOrganizers\nEconomic Analysis Research Group\, University of Reading\, and ESRC’s Rebuilding Macroeconomics network. \nConference Website\nFurther information and materials will become available at the conference website: https://sites.google.com/view/macro-and-reality-earg-rm-conf/home
URL:https://research.reading.ac.uk/economics/event/macroeconomics-and-reality-where-are-we-now/
LOCATION:Zoom
CATEGORIES:Conferences
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201120T143000
DTEND;TZID=Europe/London:20201120T160000
DTSTAMP:20260423T050539
CREATED:20200921T091740Z
LAST-MODIFIED:20200921T091740Z
UID:1951-1605882600-1605888000@research.reading.ac.uk
SUMMARY:Petr Parshakov (ROSES)
DESCRIPTION:Title: \nJob Change and Productivity: The Effect of High Performance Expectations \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/petr-parshakov-roses/
CATEGORIES:ROSES
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20201119T130000
DTEND;TZID=Europe/London:20201119T134500
DTSTAMP:20260423T050539
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:20201113T143000
DTEND;TZID=Europe/London:20201113T160000
DTSTAMP:20260423T050539
CREATED:20200921T091653Z
LAST-MODIFIED:20200921T091653Z
UID:1949-1605277800-1605283200@research.reading.ac.uk
SUMMARY:John Whitehead (ROSES)
DESCRIPTION:Title: \nBeyond ghost games: The value of attendance with masking and social distancing in U.S. professional sports \nAbout ROSES: \n\nAn online series of sport economics seminars\, organised by James Reade\, Carl Singleton and Adrian Bell\, part of the Football Economics Research Group at the University of Reading.\nAll Seminars take place 2:30-4pm\, UK time\, and will take place on Microsoft Teams.\n\nJoining Instructions: \n\nSeminar via Microsoft Teams. Contact James Reade at j.j.reade@reading.ac.uk
URL:https://research.reading.ac.uk/economics/event/john-whitehead-roses/
CATEGORIES:ROSES
END:VEVENT
END:VCALENDAR