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UFAE/UAB Annual Report 2016

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UFAE

Fonaments de

l’Anàlisi Econòmica

Annual Report 2016 Memòria d’Activitats 2016

Memoria de Actividades 2016


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INDEX I Published or Forthcoming Articles…………………………………………………………… 3 II Books or Books Chapters…………………………………………………………………………. 7 III Working Papers……………………………………………………………………………………….. 8 IV Grants and Awards…………………………………………………………………………………… 11 V PhD Thesis Supervision…….………………………………………………………………………. 13 VI Academic and Research Visits………………………………………………………………….. 14 VII Conference and Workshop Presentations………………………………………………… 15 VIII Seminars………………………………………………………………………………………………….. 18 IX Invited Seminars 1 Applied Economics………………………………………………………………………………. 20 2 Macroeconomics…………………………………………………………………………………. 21 3 Macroeconomics and Applied Economics……………………………………………. 23 4 Microeconomics……………………………………………….…………………………………. 23 5 Microeconomics and Applied Economics ……………………………………………. 24 6 Job Market……………………………………………….…………………………………………. 24 X Invited Workshops 1 Applied Economics………………………………………………………………………………. 25 2 Macroeconomics…………………………………………………………………………………. 26 3 Social Choice & Game Theory……………………………………………………………… 26 XI Visitors…………………………………………………………………………………………………….. 27 XII Participation in Local and Scientific Committees of Conferences…………….. 28 XIII Editorial Activities……………………………………………………………………………………. 29 XIV Committee Membership and Scientific Advisory……………………………………… 31 XV Dissemination and Public Awareness Activities………………………………………… 32 XVI Prizes and Honours………………………………………………………………………………….. 32


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I PUBLISHED OR FORTHCOMING ARTICLES Ballester, Miguel Ángel “Monotone Stochastic Choice Models: The Case of Risk and Time Preferences” (joint with J. Apesteguia). Journal of Political Economy, forthcoming. Barberà, Salvador “Group Strategy-proofness in Private good Economies” (joint with D. Berga and B. Moreno). American Economic Review 106, 1073-1099, 2016. “Balancing the Power to Appoint Officers” (joint with D. Coelho). Games and Economic

Behavior, forthcoming. “Sequential Voting and Agenda Manipulation: The Case of Forward Looking Tie-Breaking” (joint with A. Gerber). Theoretical Economics, forthcoming. “Immunity to Credible Deviations from the Truth” (joint with D. Berga and B. Moreno). Mathematical Social Sciences, forthcoming. Caballé, Jordi “Intergenerational Mobility: Measurement and the Role of Borrowing Constraints and Inherited Tastes”. SERIEs, Journal of the Spanish Economic Association 7, 393-420, 2016. Creel, Michael “A Note on Julia and MPI with Code Examples”. Computational Economics 48, 535-546, 2016. “On the Production of Cognitive Achievement and Gaps in Test Scores” (joint with M. Farell). Oxford Bulletin of Economics and Statistics 78, 228-247, 2016. “On Selection of Statistics for Approximate Bayesian Computing (or the Method of Simulated Moments)” (joint with D. Kristensen). Computational Statistics & Data

Analysis 100, 99-114, 2016. “Neural Nets for Indirect Inference.” Econometrics and Statistics, forthcoming. Farell, Montserrat “On the Production of Cognitive Achievement and Gaps in Test Scores” (joint with M. Creel). Oxford Bulletin of Economics and Statistics 78, 228-247, 2016.


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Fernández-Blanco, Javier “A Note on U.S. Worker Turnover” (joint with S. Choi). Oxford Bulletin of Economics and

Statistics, forthcoming. “Unobserved Heterogeneity, Exit Rates and Re-employment Wages” (joint with P. Gomes). Scandinavian Journal of Economics, forthcoming. Gambetti, Luca “Government Spending Shocks in Open Economy VARs” (joint with M. Forni). Journal of

International Economics 99, 68-84, 2016. “Noisy News in Business Cycle” (joint with M. Forni, M. Lippi and L. Sala). American

Economic Journal: Macroeconomics, forthcoming. “Business Cycle Fluctuations and the Distribution of Consumption” (joint with G. DeGiorgi). Review of Economic Dynamics, forthcoming. “Evolving Wage Cyclicality in Latin America” (joint with J. Messina). World Bank

Economic Review, forthcoming. “Loan Supply Shocks and the Business Cycle” (joint with A. Musso). Journal of Applied

Econometrics, forthcoming. “Noise Bubbles” (joint with M. Forni, M. Lippi and L. Sala). Economic Journal, forthcoming. Gierlinger, Johannes “Matching To Share Risk Without Commitment” (joint with S. Laczó). The Economic

Journal, forthcoming. Guner, Nezih “Heterogeneity and Government Revenues: Higher Taxes at the Top?” (joint with M. Lopez-Daneri and G. Ventura). Journal of Monetary Economics 80, 69-85, 2016. “Firm Dynamics, Job Turnover, and Wage Inequality in an Open Economy” (joint with K. Cosar and J. Tybout). American Economic Review 106, 625-63, 2016. “Technology and the Changing Family: A Unified Theory of Marriage, Divorce, Educational Attainment and Married Female Labor-Force Participation” (joint with J. Greenwood, G. Kocharkov and C. Santos). American Economic Journal: Macroeconomics 8, 1-41, 2016.


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Llull, Joan “Understanding International Migration: Evidence from a New Dataset of Bilateral Stocks (1960-2000)”. SERIEs - The Journal of the Spanish Economic Association 7, 221–255, 2016.

“The Effect of Immigration on Wages: Exploiting Exogenous Variation at the National Level”. Journal of Human Resources, forthcoming. Macho-Stadler, Inés “Private versus Social Incentives for Pharmaceutical Innovation” (joint with P. González and D. Pérez-Castrillo). Journal of Health Economics, 50, 286-297, 2016. “Endogeneous Matching in University-Industry Collaboration” (joint with A. Banal-Estañol and D. Pérez-Castrillo). Management Science, forthcoming. Marcet, Albert "Stock Market Volatility and Learning", (joint with K. Adam and J.P. Nicolini). Journal of

Finance 71, 33-82, 2016. Márquez, Dolors “Avaluació Online en Grups Grans: ACME a la Fac. d’Economia i Empresa de la UAB” (joint with P. Soriano). Revista d'Innovació Docent Universitària 8, 65-76, 2016. “La Innovación como Competencia Docente en la Universidad: Innovacion Orientada a la Mejora del Aprendizaje” (joint with T. Pagés). Aloma - Revista de Psicología, Ciències

de l'Educació i de l'Esport 34, 33-43, 2016. “Educational Development Units in Spain: Current Status and Emerging Trends” (joint with I. Fernández). IJAD, International Journal of Academic Development, forthcoming. Martínez-Legaz, Juan Enrique “A Simplified Conjugation Scheme for Lower Semi-Continuous Functions” (joint with L.M. Elias). Optimization 65, 751-763, 2016. “The Voronoi Inverse Mapping” (joint with M.A. Goberna and V.N. Vera de Serio). Linear

Algebra and its Applications 504, 248-271, 2016. “Some Conditions for Maximal Monotonicity of Bifunctions” (joint with N. Hadjisavvas and F.M.O. Jacinto). Set-Valued and Variational Analysis 24, 323-332, 2016. “Closed Convex Sets of Minkowski Type” (joint with C. Pintea). Journal of Mathematical

Analysis and Applications 444, 1195-1202, 2016.


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“Convergence in a Sequential Two Stage Decision Making Process (joint with A. Soubeyran). Bulletin of the Iranian Mathematical Society 42, 25-29, 2016. “Locating a Semi-Obnoxious Facility – A Toland-Singer Duality Based Approach (joint with A. Wagner and C. Tammer). Journal of Convex Analysis 23, 1185-1207, 2016. “Differentiability v.s. Convexity for Complementarity Functions” (joint with C.H. Huang and J.S. Chen). Optimization Letters, forthcoming. “A Generalization of the Strong Fitzpatrick Inequality” (joint with L.M. Elias). Optimization, forthcoming. “Minimization of Quadratic Functions on Convex Sets without Asymptotes” (joint with D. Noll and W. Sosa). Journal of Convex Analysis, forthcoming. Massó, Jordi “Comparing Generalized Median Voter Schemes According to their Manipulability” (joint with P. Arribillaga). Theoretical Economics 11, 547-586, 2016. “Comparing Voting by Committees According to their Manipulability” (joint with P. Arribillaga). American Economic Journal: Microeconomics, forthcoming. “On Strategy-Proofness and the Salience of Single-Peakedness” (joint with S. Chatterji). International Economic Review, forthcoming. Miralles, Antonio “Ex-ante Efficiency in Assignments with Seniority Rights”. Review of Economic Design, forthcoming. Panadés, Judith “Students' Persistent Preconceptions and Learning Economic Principles” (joint with C. López-Mayán and I. Busom). Journal of Economic Education, forthcoming. Pérez-Castrillo, David “Discrimination in a Model of Contests with Incomplete Information about Ability” (joint with D. Wettstein). International Economic Review 57, 881-914, 2016. “Private versus Social Incentives for Pharmaceutical Innovation” (joint with P. González and I. Macho-Stadler). Journal of Health Economics 50, 286-297, 2016. “Endogeneous Matching in University-Industry Collaboration” (joint with A. Banal-Estañol and I. Macho-Stadler). Management Science, forthcoming.


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“The Outcome of Competitive Equilibrium rules in Buyer-Seller Markets when the Agents Play Strategically” (joint with M. Sotomayor). Economic Theory, forthcoming. “On the Manipulability of Competitive Equilibrium Rules in Many-to-many Buyer-Seller Markets” (joint with M. Sotomayor). International Journal of Game Theory, forthcoming. Raymond, Josep Lluis “Jobs Accessibility and Jobs Education Mismatch in the Metropolitan Area of Barcelona” (joint with A. Di Paolo and A. Matas). Papers in Regional Science, forthcoming. Rey-Biel, Pedro “Stereotypes are Only a Threat when Beliefs are Reinforced: On the Sensitivity of Gender Differences in Performance under Competition to Information Provision” (joint with N. Iriberri). Journal of Economic Behavior and Organization, forthcoming. Rodríguez-Barraquer, Tomás

“Voting in Large Committees with Disesteem Payoffs: A "state of the art" model” (joint with R. Midjord and J. Valasek). Games and Economic Behavior, forthcoming.

Salvadori, Luca “Empirical Evidence on Cooperation between Sub-Central Tax Administrations” (joint with A. Esteller-Moré and J. M. Duran-Cabré). Journal of Tax Administration 2, 24-46, 2016. Sancho, Ferran “Validating Policy Induced Economic Change Using Sequential General Equilibrium SAMs” (joint with C. Lima and A. Cardenete). Journal of Forecasting, 2016. Santaeulalia-Llopis, Raul

“The Relationship between Age at First Birth and Mother's Lifetime Earnings: Evidence from Danish Register Data” (joint with M. Leung and F. Groes). PLoS ONE 11, 2016.

II BOOKS OR BOOKS CHAPTERS Costas Pérez, Elena “La Corrupción en España. Un Paseo por el Lado Oscuro de la Democracia y el Gobierno” (joint with V. Lapuente and J. Galindo). Ed. Alianza Ensayo. I.S.B.N.: 978-84-9104-407-9.


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Macho-Stadler, Inés “Moral Hazard: Base Models and two Extensions” (joint with D. Pérez-Castrillo), in L.C. Corchón and M.A. Marini (eds.), Handbook of Game Theory and Industrial Organization, Edward Elgar, forthcoming. Pérez-Castrillo, David “Moral Hazard: Base Models and two Extensions” (joint with I. Macho-Stadler), in L.C. Corchón and M.A. Marini (eds.), Handbook of Game Theory and Industrial Organization, Edward Elgar, forthcoming. Olivella, Pau “Healthcare and Health Insurance Markets”. in L.C. Corchón and M.A. Marini (eds.), Handbook of Game Theory and Industrial Organization, Edward Elgar, forthcoming.

III WORKING PAPERS Ballester, Miguel Ángel “Single-Crossing Random Utility Models” (joint with J. Apesteguia and J. Lu). “Stochastic Representative Agent” (joint with J. Apesteguia). Barberà Sández, Salvador “Information Disclosure under Strategy-Proof Social Choice Rules” (joint with A. Nicolò). “Ordinal Relative Satisficing Behavior” (joint with A. Neme). “A Model of Protests, Revolution, and Information” (joint with M. Jackson). Caballé, Jordi “Intergenerational Mobility under Education-Effort Complementarity” (joint with J. Alonso-Carrera, X. Raurich). “Disclosure of Corporate Tax Reports, Tax Enforcement, and Insider Trading” (joint with A. Dumitrescu). “Intergenerational Mobility, Occupational Decision and the Distribution of Wages” (joint with J. Alonso-Carrera, X. Raurich).


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Esparza, Ricard “Learning by Monitoring in the Context of the Smart Specialisation Strategies” (joint with T. Fernandez and A. Castellanos). Gambetti, Luca “Reduced-Rank Time-Varying Vector Autoregressions” (joint with J. de Wind). “Reassessing Structural VARs: Beyond the ABCs (and Ds)” (joint with M. Forni and L. Sala). “Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model” (joint with Mario Forni). Llull, Joan “Immigration, Wages, and Education: A Labor Market Equilibrium Structural Model.” “Internal Migration in Dual Labor Markets” (joint with R. A. Miller). “Marriage and Health: Selection, Protection, and Assortative Mating” (joint with N. Guner and Y. Kulikova). “Expectations, Satisfaction, and Utility from Experience Goods: A Field Experiment in Theaters” (joint with P. Rey, A. Gneezy, A., and U. Gneezy). Macho-Stadler, Inés “Key Success Drivers in Public Research Grants: Funding the Seeds of Radical Innovation in Academia?” (joint with A. Banal-Estañol and D. Pérez-Castrillo). “Values for Environments with Externalities - The Average Approach” (joint with D. Pérez-Castrillo and D. Wettstein). Marcet, Albert “Pareto-Improving Optimal Capital and Labor Taxes” (joint with K. Greulich and S. Laczo). “Long Term Government Bonds” (joint with E. Faraglia, R. Oikonomou, and A. Scott). Milán, Pau “Network-Constrained Risk Sharing in Village Economies”. “Regime Change in Large Information Networks”.


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“Learning, Sorting, and Turnover in Unstable Environments”. “Informal Risk Sharing with Local Information” (joint with A. Ambrus, Atila and W. Gao). Miralles, Antonio “Large vs. Continuum Assignment Economies: Efficiency and Envy-Freeness” (joint with M. Pycia). “Sorting in Public School Districts under the Boston Mechanism” (joint with C. Calsamiglia, F. Martínez-Mora). Obiols, Francesc “Education, Occupation-Mismatch and Unemployment” (joint with V. Sanchez-Marcos). Pérez Castrillo, David “Key Success Drivers in Public Research Grants: Funding the Seeds of Radical Innovation in Academia?” (joint with A. Banal-Estañol and I. Macho-Stadler). “Values for Environments with Externalities - The Average Approach” (joint with I. Macho-Stadler and D. Wettstein). Rey Biel, Pedro “Competitive Pressure Widens the Gender Gap in Performance: Evidence from a Two-Stage Competition in Mathematics” (joint with N. Iriberri). “Expectations, Satisfaction, and Utility from Experience Goods: A Field Experiment in Theaters” (joint with A. Gneezy, U. Gneezy and J. Llull). Rojas, Luis E. “Optimal Redistribution with a Shadow Economy” (joint with P. Doligalski). Rodríguez-Barraquer, Tomás “Strategic Grouping and Search for Quality Journalism, Online versus Offline” (joint with M. Ellman). Santaeulalia-Llopis, Raul “Consumption and Expenditure in Sub-Saharan Africa” (joint with D. Koh and L. De Magalhaes).


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“Missing Consumption Inequality: Direct Evidence from Individual Food Data” (joint with Y. Zheng). “Education, HIV Status and Risky Sexual Behavior: How Much Does the Stage of the HIV Epidemic Matter?” (joint with D. Iorio).

IV GRANTS AND AWARDS Caballé, Jordi Ministerio de Ciencia e Innovación. ECO2015-67602-P Análisis Macroeconómico del Mercado de Trabajo. Generalitat de Catalunya. 2014 SGR 803 Macroeconomic Analysis Group RecerCaixa (La Caixa-ACUP) 2013ACUP00145 Inequality, Social Mobility, Effort and Education Costas, Elena SEBAP: Sociedad Económica Barcelonesa de Amigos del País Becas de mobilidad para investigación Creel, Michael Ministerio de Economia y Competetividad. ECO2014-52506-R Retos Socio-Económicos y Territoriales: Nuevas Propuestas de Técnicas de Investigación Empírica y sus Aplicaciones Fernández Blanco, Javier Barcelona Graduate School of Economics Severo Ochoa BGSE Seed Grant Gambetti, Luca ADEMU project European Unions Horizon 2020 Program Leverhulme Trust research fund 2015-17.


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Llull, Joan Barcelona Graduate School of Economics Seed Grant, SG-2017-01 The labor market consequences of selective migration Macho-Stadler, Inés Ministerio de Ciencia e Innovación. ECO2015-63679-P Comportamiento e instituciones con aplicaciones a economía de la salud y de la innovación Marcet, Albert FP7-European Comission, Collaborative Project Integrated MacroFinancial Modelling for Robust Policy Generalitat de Catalunya. 2014 SGR 1446 Macroeconomia Teorica i Aplicada ERC Advanced Grant. 2012 Call Asset Prices and Macroeconomic Policy when Agents Learn Excellence Program Bank of Spain Martínez Legaz, Juan Enrique Ministerio de Ciencia e Innovación. MTM2011-29064-C03-01 Optimización variacional: estructura y dualidad Australian Research Council. DP140103213 Exploring and Exploiting Structures in Nonsmooth and Global Optimization Massó, Jordi Ministerio de Ciencia e Innovación. ECO2014-53051 Fundamentos y práctica del diseño de mecanismos Ministerio de Ciencia e Innovación PR2015-00408 Mercados de asignación bilaterales: aplicaciones y comportamiento estratégico bajo información incompleta


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Ministerio de Ciencia e Innovación ECO2015-70119-REDT Red Española en Elección Social Generalitat de Catalunya 2014SGR-515 Coaliciones, Incentius i Xarxes en la Presa de Decisions Col.lectives Miralles, Antonio Ministerio de Ciencia e Innovación RyC 2011-09665 Subprograma Ramón y Cajal Pérez Castrillo, David Generalitat de Catalunya 2014 SGR 142 Centre de Recerca en Economía de les Organizacions Santaeulalia-Llopis, Raul Fundación Ramón Areces Proyectos de Investigacion, Area Ciencias Sociales Capital, innovación y derechos de propiedad intel·lectual Barcelona GSE Seed Grants Social Insurance Barriers to Structural Transformation

V PhD THESIS SUPERVISION

• Cerigioni, Francesco. UAB. Advisor: Miguel Ángel Ballester

• Domínguez Moreno, Jorge Andrés. UAB. Advisor: Josep Lluis Raymond

• Forcades Alejandro. UAB. Advisor: Albert Marcet

• Franco Vásquez, Liliana Yaned. UAB. Advisor: Josep Lluis Raymond

• Kulikova Yuliya. UAB. Advisor: Nezih Guner

• Melguizo, Isabel. UAB. Advisor: Miguel Ángel Ballester


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• Moreto Elias, Leonardo. Universidade Federal do Paraná. Advisor: Juan E. Martínez Legaz

• Oliveira, Thiago Porto University. Co-advisor: Inés Macho-Stadler

• Pino, Adrian. UAB. Advisors: Jordi Caballé and Nezih Guner

• Pons, Guillem. UAB. Advisor: Albert Marcet

• Rodríguez, Javier. UAB. Advisor: David Pérez-Castrillo

• Sánchez, Alberto. UAB. Advisor: Albert Marcet

VI ACADEMIC AND RESEARCH VISITS Ballester, Miguel Ángel New York University, New York (USA). Jan-May Costas, Elena Science Po. Centre de recherches politiques (CEVIPOF). Paris (France). 15/02 to 15/04 Esparza, Ricard Higher School of Economics. School of Economics. Moscow. Less than a month Universidad de Piura. School of Economics. Pira (Perú). Less than a month Llull, Joan Carnegie Mellon University. Tepper School of Business. Pittsburgh (USA). One week March Macho-Stadler, Inés UPV-EHU. Economics Department. Bilbao (Spain). One month Seoul National University. Economics dept. Seoul (Korea). Less than a month Martínez-Legaz, Juan Enrique Universidade Católica de Brasilia (Brasil). One month Universidad Pontificia del Perú. Lima (Perú). Two weeks


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Massó, Jordi Stanford University, Economics Dept. Palo Alto (USA). Four months Universidad Nacional de San Luis. San Luis (Argentina). One month Osaka University. Institute of Social and Economic Research. Osaka (Japan). One month Singapore Management University. School of Economics. Singapore. Less than a month Miralles, Antonio Carnegie Mellon University. Economics Department. Academic year 2015-2016 Pérez-Castrillo, David UPV-EHU. Economics Department, Bilbao (Spain). One month Universidad Carlos III de Madrid. Madrid (Spain). Less than a month Seoul National University. Seoul (Korea). Less than a month Rey Biel, Pedro RADY School of Management. San Diego, California (USA). October-November Rojas, Luis E. Bristol University. Dept. Economics. Bristol (United Kingdom). Less than a month Sancho, Ferran Universidad Loyola Andalucía. Sevilla (Spain). October – November

VII CONFERENCE AND WORKSHOP PRESENTATIONS Barberà, Salvador 1st Co-Utility Workshop. Conciliating individual freedom and common good in the information society. Universitat Rovira i Virgili. Tarragona (Spain), March Workshop on Stochastic Choice, BGSE Summer Forum. Barcelona (Spain), June Social Choice and Welfare Society Meetings. Lund (Sweden), June Priorat Workshop in Theoretical Political Science. Falset (Spain), June 7th Murat Sertel Workshop on Economic Design, Decisions, Institutions and Organizations, CNAM. Paris (France), September


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4th MOVE-ISER Workshop, Osaka (Japan), October BBL Barcelona Workshop, Royal Melbourne Institute of Technology, Barcelona (Spain), October XLI Simposio de la Asociación Española de Economía-Spanish Economic Association (SAEe). Bilbao (Spain.) December Esparza, Ricard The Catalan Smart Specialization Strategy and its setting-up. Chisinau (Moldavia). February Innovation and RIS3. Piura (Peru). July Learning by monitoring. A practical approach based on the smart specialisation strategies. Sevilla (Spain). September Innovation policy instruments for green and circular economy. Marrakesh (Morocco). October Models and indicators for smart specialization. Sevilla (Spain). November Fernández-Blanco, Javier ESEM. Geneve (Switzerland). August Annual SaM Conference. Amsterdam (The Netherlands). May Search and Matching Workshop in Labor Economics. Istambul (Turkey). April Enter Jamboree. Madrid (Spain). April Gambetti, Luca Forecasting and Empirical Methods, NBER Summer Institute. Boston (USA). June Workshop on Time Variation and Non-Linear Models in Econometrics and Macroeconomics. Bank of England (UK). June Korean Economic Association 2016 Conference. Seoul (Korea). July Gierlinger, Johannes Coalition Theory Network Conference. Moscow (Russia). May


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Llull, Joan Society of Economic Dynamics. Toulouse (France). June Macho-Stadler, Inés Ninth Annual Searle Center Conference on Innovation Economics. Searle Center on Law, Regulation, and Economic Growth at Northwestern Law. Chicago (USA). June Martínez-Legaz, Juan E. South Pacific Optimization Workshop SPOW 2016. Nouméa (New Caledonia, France). January Optimal Transportation, Equilibrium, and Applications to Economics, New York (USA). April XI-th Brazilian Workshop on Continuous Optimization. Manaus (Brazil). May 7th International Seminar on Optimization and Variational Analysis. Alicante. June XIV EUROPT 2016 Workshop on Advances in Continuous Optimization. Warsaw (Poland). July XVII Latin American Workshop in Economic Theory. Brasilia (Brazil). November International Conference New Trends in Optimization and Variational Analysis for Applications. Quy Nhon (Vietnam). December Massó, Jordi XIII Meeting of the Society for Social Choice and Welfare. Lund, Sweden. June SING 12. Odense. Denmark. July GAMES 2016. 5th World Congress of the Game Theory Society. Maastricht (The Netherlands). July Workshop on Mechanism Design. Singapore. December Milán, Pau Coalition Theory Network. Moscow (Russia). May Olivella, Pau 17th European Health Economics Workshop. Hamburg (Germany). May


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XXXVI Jornadas de la Asociación de Economía de la Salud. Murcia (Spain). June 11th European Conference on Health Economics. Hamburg (Germany). July XLI Simposio de la Asociación Española de Economía-Spanish Economic Association (SAEe). Bilbao (Spain.) December Pérez Castrillo, David Barcelona GSE workshop on Economics of Science and Innovation. Barcelona. June EARIE 2016. Lisboa (Portugal). August XLI Simposio de la Asociación Española de Economía-Spanish Economic Association (SAEe). Bilbao (Spain.) December Rey Biel, Pedro The Human Face in Economics. Toulouse (France). May Rojas, Luis E. Econometric society, European Winter meeting. Edinburgh (Scotland). December Rodríguez Barraquer, Tomás Barcelona GSE Summer Forum. Barcelona (spain). June Salvadori, Luca Royal Economic Society (RES) Meetings. London (UK). January 28th SIEP conference. Lecce (Italy). September

VIII SEMINARS Barberà, Salvador

• Universidad del Pais Vasco, Bilbao.

• Universidad Complutense, Madrid (two seminars).

• Waseda University, Tokio.

• Facultad de Economía y Empresa, Universidad de Alicante.


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Gambetti, Luca

• Collegio Carlo Alberto, Turin.

• Central Bank of Ireland, Dublin. Macho-Stadler, Inés

• University College Dublin. Dublin, Ireland.

• Universidad de Salamanca. Salamanca.

• MicroLAb Workhop. UAB. Barcelona.

• IER. Seoul National University. Seoul.

• Department of Economics. Seoul National University. Seoul. Martínez-Legaz, Juan Enrique

• Universidade Católica de Brasília, Brasília.

• Universidad del Pacífico, Lima. Massó, Jordi

• Universidade de Vigo. Vigo.

• Universidad Nacional de San Luis. San Luis.

• Royal Holloway, University of London. London.

• ISER, Osaka University. Osaka. Milán, Pau

• Aix-Marseille School of Economics. Marseille. Gierlinger, Johannes

• Universidad de Alicante. Alicante. Llull, Joan

• University of Wisconsin-Madison. Madison-WI.

• Federal Reserve Bank of Chicago. Chicago.

• University of Toronto. Toronto.

• Federal Reserve Bank of New York. New York.

• University of Edinburgh. Edinburgh.

• Universitat Pompeu Fabra. Barcelona. Pérez-Castrillo, David

• Departamento de Economía Salamanca.

• Department Economics. National University Seoul. Korea.


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Rey-Biel, Pedro

• Ecole Polytechnique. Paris.

• KU Leuven. Leuven.

• University of Coppenhagen. Copenhagen.

• Lund University. Lund.

• CEMFI. Madrid.

• Universidad del País Vasco. Bilbao.

• Universidad de Valencia. Valencia.

• Universidad Autònoma Barcelona (Dept. Empresa). Barcelona.

• Servicio Psiquiatría Hospital del Mar. Barcelona. Rojas, Luis E.

• Bristol University. Bristol. Salvadori, Luca

• Università Cattolica. Milano. Sancho, Ferran

• Universidad Loyola. Andalucía. Sevilla.

IX INVITED SEMINARS 1. Applied Economics

James Tybout Pennsylvania State University “Two-sided Search in International Markets” Jerome Adda with Christian Dustmann and Joseph-Simon Görlach Università Bocconi “The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation” Katrine V. Loken with M. Bhuller, G. Dahl, and M. Mogstad University of Bergen “Incarceration, Recidivism and Employment” Dominic Rohner with Michael König, Mathias Thoenig and Fabrizio Zilibotti University of Lausanne-HEC


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“Networks in Conflict: Theory and Evidence from the Great War of Africa” Daniel Sturm with Steve Redding London School of Economics “Estimating Neighborhood Effects: Evidence from War-time Destruction in London” Fabian Waldinger University of Warwick “International Knowledge Flows: Evidence from the Collapse of International Science in the Wake of WWI”

2. Macroeconomics Gaetano Gaballo Banque de France “Price Dispersion, Private Uncertainty and Endogenous Nominal Rigidities” Claudio Michelacci with Luigi Paciello EIEF “Forward Misguidance” Lars Ljungqvist with Tom Sargent Stockholm School of Economics “The Fundamental Surplus in Matching Models” Josep Pijoan-Mas with Manuel Garcia-Santana and Lucciano Villacorta CEMFI “Investment Demand and Structural Change” Carlos Carrillo-Tudela with William Hawkins University of Essex “A Stock-Flow Theory of Unemployment with Endogenous Match Formation” Roberto Chang with Andrés Fernández and Adam Gulan Rutgers University “Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy” Gene M. Grossman Princeton University “Balanced Growth Despite Uzawa” Greg Kaplan with Ben Moll and Gianluca Violante Princeton University “Monetary Policy According to HANK” Jennifer La’O Columbia University


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“Financial Frictions in Production Networks” Ellen McGrattan University of Minnesota “Intangible Capital and Measured Productivity” Ludo Visschers with Carlos Carrillo-Tudela University of Edinburgh “Unemployment and Endogenous Reallocation over the Business Cycle” Andrea Ferrero with Carlos Carvalho Oxford University “What Explains Japan’s Persistent Deflation?” Marco Bassetto Federal Reserve Bank of Chicago “Forward Guidance: Communication, Commitment, or Both?” Martí Mestieri with Diego Comin and Danial Lashkari Northwestern University “Structural Change with Long-run Income and Price Effects” Matthias Kredler Universidad Carlos III de Madrid “Variation in Long-Term Care Accross Europe: Economic Incentives or Family Cohesion” David Evans with Anmol Bhandari, Mikhail Golosov, and Thomas Sargent University of Oregon “Taxes, Debts, and Redistribution with Aggregate Shocks” Timo Boppart with Per Krusell IIES Stockholm University “Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective” Nicolas Coeurdacier with Zsófia Bárány and Stephane Guibaud Sciences Po Paris “Fertility, Longevity, and Capital Flows” David Hémous with Jeffrey Clemens, Joshua Gottlieb and Morten Olsen University of Zurich “Snowball Effect of top Income Inequality” Etienne Wasmer with Guillaume Vuillemey Sciences Po Paris “Frictional Unemployment with Stochastic Bubbles”


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Dario Caldara with Edward Herbst Federal Reserve Board “Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs” Kenneth Singleton Stanford University “Learning and the Cyclical Behavior of Risk Premiums in Bond Markets” Selo Imrohoroglu with Gary Hansen and Nao Sudo University of Southern California “Replacing Income Taxation with Consumption Taxation in Japan”

3. Macroeconomics and Applied Economics Iourii Manovskii University of Pennsylvania “Labor Market Implications of Unemployment Benefit Extensions” Alexandre Mas with Andrew C. Johnston Princeton University “Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut”

4. Microeconomics Bruno Jullien with Hanna Halaburda and Yaron Yehezkel Toulouse School of Economics “Dynamic Competition with Network Externalities: Why History Matters” Charles Sprenger with James Andreoni, Michael Callen, Karrar Hussain and Muhammad Yasir Khan Rady School of Management-University of California San Diego “Using Preference Estimates to Customize Incentives: An Application to Polio Vaccination Drives in Pakistan” Sylvain Chassang with Juan Ortner Princeton University “Collusion in Auctions with Constrained Bids: Theory and Evidence from Public Procurement” Ina Taneva with Laurent Mathevet and Jacopo Perego University of Edinburgh “Information Design: The Belief Hierarchy Approach” Robert Gibbons with Marco LiCalzi and Massimo Warglien MIT Sloan School of Management


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“Culture as Cognition and Behavior: How Categorization Can Shape Interaction (and How Leaders Can Shape Categorization?)” Tymofiy Mylovanov with Anton Kolotilin, Andriy Zapechelnyuk and Ming Li University of Pittsburg “Persuasion of a Privately Informed Receiver” Alvaro Sandroni Kellogg Northwestern “Challenging Conformity: A Case for Diversity” Mathias Kifmann with Kerstin Roeder University of Hamburg “The Political Sustainability of a Basic Income Scheme and Social Health Insurance”

5. Microeconomics and Applied Economics

Gautam Gowrisankaran whit Christina M. Dalton and Robert Town University of Arizona, HEC Montreal and NBER “Myopia and Complex Dynamic Incentives: Evidence from Medicare Part D”

6. Job Market

Pau Milán Universitat Pompeu Fabra “Network-Constrained Risk Sharing in Village Economies” Bettina Brüggemann University of Goethe “Higher Taxes at the Top: The Role of Entrepreneurs” Raul Santaeulalia-Llopis Washington University St. Louis “Land Misallocation and Productivity” Dimitri Migrow University of Warwick “Designing Communication Hierarchies to Elicit Information” Andy Neumeyer Banco de Argentina “The Argentine Economy, January 2016” Javier García-Arenas MIT “The Impact of Free Media on Regime Change: Evidence from Russia”


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Rosalia Greco Boston College “Redistribution, Polarization, and Ideology” Mario Alloza University College London “The Impact of Taxes on Income Mobility” Ivan Petrella Bank of England “Tracking the Slowdown in Long-Run GDP Growth” Zachary Mahone University of Minnesota “Move it and Lose it? The Portability of On-the-Job Training” Christoph Siemroth University of Mannheim “The Informational Content of Prices when Policy Makers React to Financial Markets” Julia Cajal-Grossi University of Warwick “Searching for Trade Partners in Developing Countries: Testing Firms in the ‘Fast Fashion’ Industry” Alessandro Peri Universidad Carlos III de Madrid “Bankruptcy Reforms when Workers Extract Rents” Luis Rojas European University Institute “Expectations Formation and Investment during Recessions” Alessandro Graniero London Business School “Information Precision, Confidence Risk and the Macroeconomy”

X INVITED WORKSHOPS 1. Applied Economics

Ariadna Dumitrescu with Javier Gil-Bazo ESADE “Familiarity and Competition: The Case of Mutual Funds”


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Catia Nicodemo Oxford University “Primum non Nocere: How Physicians’ Altruism Could Harm You” Sergio Galletta University of Lugano “Law enforcement, municipal budgets and spill-over effects: Evidence from a quasi-experiment in Italy”

2. Macroeconomics

Fabian Winkler with Stéphane Moyena and Nikolai Stählera Federal Reserve System “Unemployment Insurance and International Risk Sharing” Eugenia Vella with Guilherme de Almeida Bandeira, Evi Pappa and Rana Sajedi Universitat Autònoma de Barcelona “Fiscal Consolidation in a Disinflationary Environment: Pay cuts or Lost Jobs” Sergi Basco with Martí Mestieri Universidad Carlos III de Madrid “The World Income Distribution: The Effects of International Unbundling of Production” Andrea Lanteri with Alex Clymo Duke University “Fiscal Policy with Limited-Time Commitment” Christian Heyerdahl-Larsen London Business School “Disagreement about inflation and the yield curve”

3. Social Choice & Game Theory

Sjaak Hurkens with Matthew Ellman Institut d’Anàlisi Econòmica (CSIC) ”Optimal Crowdfunding Design” Nicole Tabasso with Luca Merlino University of Surrey “Debunking Rumors in Networks” Francesc Dilme with Daniel Garrett University of Bonn “Residual Reterrence”


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Karol Szwagrzak University of Southern Denmark “Coauthorship and the Measurement of Individual Scientific Productivity” Andrey Subochev HSE, Moscow ”Axiomatic analysis of the Union of Minimal Externally Stable Sets Concerning Application and Implementation of this Novel Social Choice Correspondence”

XI Visitors Fernando P. De Almeida University of Sao Paolo, Brasil Tim Kehoe University of Minnesota, United States Felipe Ignacio Lara Universidad de Tarapacá, Chile Pawel Doligalski Bristol University, United Kingdom Agustín Bonifacio Universidad Nacional de San Luis, Argentina Virginia Sánchez Universidad de Cantabria, Spain Alejandro Neme Universidad Nacional de San Luis, Argentina Maxim Ivanov Todorov Universidad de las Américas, Puebla, México Marie Thursby Georgia Institute of Technology, United States Antonia Díaz Universidad Carlos III de Madrid, Spain Anke Gerber University of Hamburg, Germany Ana I. Moro-Egido Universidad de Granada, Spain


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Marta Troya-Martinez New Economic School, Moscow, Russia Mikhail Drugov New Economic School, Moscow, Russia

XII Participation in Local and Scientific Committees of Conferences Ballester, Miguel Ángel Summer Forum of the Barcelona Graduate School of Economics. Workshop on Stochastic Choice. Barcelona 2016. Co-organizer. Caballé, Jordi Summer Forum of the Barcelona Graduate School of Economics. Workshop on Socio-Economic Mobility, Inequality and Growth. Barcelona 2016. Co-organizer. Llull, Joan Summer Forum of the Barcelona Graduate School of Economics. Workshop on Structural Microeconometrics. Barcelona 2016. Organizer. Summer Forum of the Barcelona Graduate School of Economics. Workshop on Migration. Barcelona 2016. Co-organizer. Macho-Stadler, Inés Summer Forum of the Barcelona Graduate School of Economics. Workshop on Economics of Science and Innovation. Barcelona 2016. Co-organizer. EARIE 2016. Lisbon, Portugal. Member of the Scientific Committee ASSET 2016. Thessalonikki. Greece. Member of the Scientific Committee. Marcet, Albert "Fiscal Sustainability, XXI Century, part I", joint with Banco de España. Barcelona. "Fiscal Sustainability, XXI Century, part II", joint with BGSE, Summer Forum. Barcelona. Márquez, Dolors X Congrés Internacional de Docència i Innovació CIDUI-2016. Bellaterra, Spain. Member of the Scientific Committee.


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Martínez-Legaz, Juan Enrique XIV-th EUROPT 2016 Workshop on Advances in Continuous Optimization. Member of the Scientific Committee. The fifth Asian Conference on Nonlinear Analysis and Optimization (NAO-Asia2016) (Nigata, Japan). Member of the Scientific Committee. Second International Workshop on Machine learning, Optimization and big Data (MOD 2016) (Volterra, Italy). Member of the Scientific Committee. XIII Global Optimization Workshop (Braga, Portugal). Member of the Scientific Committee. Miralles, Antonio 11th Matching in Practice Workshop. Paris, France. Member of the Scientific Committee. Obiols, Francesc Summer Forum of the Barcelona Graduate School of Economics. Workshop on Fiscal Sustainabilty. Barcelona 2016. Co-organizer. Pérez-Castrillo, David Summer Forum of the Barcelona Graduate School of Economics. Workshop on Economics of Science and Innovation. Barcelona 2016. Co-organizer. ASSET 2016. Thessaloniki. Greece. Member of the Scientific Committee. Rey-Biel, Pedro XL Simposio de Análisis Económico. Bilbao. Spain. Member of the Scientific Committee.

XIII Editorial Activities Barberà, Salvador

• Games and Economic Behavior (Associate Editor)

• Social Choice and Welfare (Associate Editor)

• Theoria (Advisory Editor)


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Caballé, Jordi

• Revista Econòmica de Catalunya (Editorial Board)

• Portuguese Economics Journal (Associate Editor) Gambetti, Luca

• Macroeconomic Dynamics (Associate Editor)

Guner, Nezih

• SERIEs - Journal of Spanish Economic Association (Editor)

• Economics Letters (Associate Editor)

• Journal of Demographic Economics (Associate Editor)

• Journal of Population Economics (Associate Editor) Macho-Stadler, Inés

• Journal of Economics & Management Strategy (Associate Editor)

• Games and Economic Behavior (Associate Editor)

• Journal of Economic Behavior and Organization (Associate Editor)

• Revue d’Economie Politique (Associate Editor) Marcet, Albert

• Economica (Associate Editor)

• Cuadernos Economicos del ICE (Associate Editor) Martínez-Legaz, Juan E.

• Optimization (Associate Editor)

• Journal of Convex Analysis (Associate Editor)

• Journal of Global Optimization (Associate Editor)

• TOP (Associate Editor)

• Cuadernos Aragoneses de Economía (Associate Editor)

• International Journal of Optimization: Theory, Methods and Applications (Associate Editor)

• International Journal of Operations Research (Associate Editor)

• PanAmerican Mathematical Journal (Associate Editor)

• International Journal of Engineering, Contemporary Mathematics and Sciences (Associate Editor)

• Journal of Optimization Theory and Applications (Associate Editor)

• Caspian Journal of Mathematical Sciences (Associate Editor)

• Transactions on Mathematical Programming and Applications (Associate Editor)

• Journal of Information and Optimization Sciences (Associate Editor)

• Minimax Theory and its Applications (Associate Editor)


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• Iranian Journal of Operations Research (Associate Editor) Massó, Jordi

• Social Choice and Welfare (Associate Editor)

• Review of Economic Design (Associate Editor)

• Journal of Dynamic Games (Associate Editor)

• Economics Research International (Associate Editor) Olivella, Pau

• Journal of Health Economics (Associate Editor)

• Economics E-Journal (Co-editor) Pérez-Castrillo, David

• International Game Theory Review (Associate Editor)

• Journal of Economics & Management Strategy (Associate Editor)

• Economics Letters (Associate Editor) Rey-Biel, Pedro

• Journal of Economic Behavior and Organization (Associate Editor)

• Journal of Socio-Economics (Editorial Board)

XIV COMITTE MEMBERSHIP AND SCIENTIFIC ADVISORY Ballester, Miguel Ángel

• Bounded Rationality In Choice (BRIC). Caballé, Jordi

• ANECA Academia. National Expert.

• Subcomisión de evaluación de la investigación en Ciencias Sociales de la “Agencia per a la Qualitat del Sistema Universitari Català” (AQU).

• Subcomisión de evaluación de la investigación en Ciencias Sociales de la “Agencia per a la Qualitat del Sistema Universitari Català” (AQU). Scientific Advisory.

Macho-Stadler, Inés

• AERNA (Scientific Advisory Council). Council Member.

• Conseil de l’Observatoire Français des Conjonctures Économiques (OFCE). Council Member.


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Pérez-Castrillo, David

• Committee for Evaluation of Graduate Programs for the Agència per la Qualitat del Sistema Universitari Català (AQU). Committee Member.

XV DISSEMINATION AND PUBLIC AWARENESS ACTIVITIES Macho-Stadler, Inés "Transfer of university innovations, the incentive approach". Inaugural Conference in MEBA (UAB) Mesa redonda sobre "los premios Nobel de Economía 2016". Fundación Ramón Areces en colaboración con la Asociación Española de Economía. Massó, Jordi Les aportacions de John F. Nash a l'economia: equilibri i negociació. Bulletí de la Societat Catalana de Matemátiques. Olivella, Pau “Why Do People Buy Private Health Insurance in the Presence of a Public Option”. Els Opuscles del CREi 41, CREi. Pérez-Castrillo, David Oliver Hart y Bengt Holmström: Premio Nobel de Economía 2016 por sus contribuciones a la teoría de contratos. Conference at Facultad de Ciencias Economicas y Empresariales UAB. Sancho, Ferran Inaugural conference of the graduate programs, Loyola Leadership School. Sevilla.

XVI PRIZES AND HONOURS Barberà Sández, Salvador

• Fellow of the Econometric Society.

• Fellow of the Spanish Economic Association.

• Honorary Fellow of the Asociación Argentina de Economía Política.


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• Fellow of the Academia Europaea.

• Presidente del Comité de Enseñanza de la Economía de la Asociación Española de Economía.

• Patrono de la Fundació Urrutia Elejalde.

• Miembro del Board de la Social Choice and Welfare Society. Caballé, Jordi

• Fellow of the Spanish Economic Association. Guner, Nezih

• Second Vice President, the Spanish Economic Association

• Council Member, the European Economic Association. Macho-Stadler, Inés

• Fellow of the CESIfo.


• Fellow of the European Economic Association. Marcet, Albert

• Rei Jaume I Laureate in Economics. 2016.

• Research Fellow, CEPR


Pérez-Castrillo, David

• ICREA Academia Award. Generalitat de Catalunya. 2015


• Fellow of the CESIfo.

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