Calendrier du 21 avril 2022
Macroeconomics Seminar
Du 21/04/2022 de 16:00 à 17:15
PSE- 48 boulevard Jourdan, 75014 Paris, salle R2-21
NISTICO Salvatore (Sapienza University)
The Economics of Helicopter Money
écrit avec Pierpaolo Benigno
An economy plagued by a slump and in a liquidity trap has some options to exit the crisis. We discuss helicopter money and other equivalent policies that can reflate the economy and boost consumption. Traditional helicopter money, via the joint coopera- tion between the treasury and the central bank, depends critically on the central bank fully guaranteeing treasury’s debt. We show that the central bank can do helicopter money on its own, without any treasury’s involvement.
brown bag Travail et Économie Publique
Du 21/04/2022 de 12:30 à 13:30
PSE- 48 boulevard Jourdan, 74014 Paris, salle R1-09
STOSTAD Morten ()
Inequality Externalities and Preferences for Redistribution: Evidence from a Survey Experiment
This paper explores citizens' beliefs about how economic inequality itself changes society and how this affects their redistributive preferences. Using a representative survey of 4,371 U.S. citizens we provide the first evidence that almost every individual holds some such inequality externality beliefs, as 97% of individuals believe that economic inequality affects society in one way or another. The belief in negative externalities is widespread across income and party lines; a large majority believes that economic inequality has a negative effect on societal factors such as crime, generalized trust, social unrest, and even economic growth and innovation. We establish a causal link from these beliefs to individuals' redistributive preferences by using exogenously provided video information treatments, and estimate the importance of externality beliefs on redistributive preferences to be roughly two-thirds that of broad fairness preferences. However, inequality externality arguments are potentially less polarizing than fairness arguments and more effective across the income distribution.
TOM (Théorie, Organisation et Marchés) Lunch Seminar
Du 21/04/2022 de 12:30 à 13:30
Salle R1-14, Campus Jourdan, 75014 Paris
BENABOU Roland (Princeton)
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Behavior seminar
Du 21/04/2022 de 11:00 à 12:00
Salle R2.21, Campus Jourdan 75014 Paris
BECKER Maja (Université de Toulouse)
CANCELLED Common motives underlie identity construction across highly diverse cultural contexts
Identity motives—strivings to view oneself in certain ways—affect people’s willingness to protect their health, buy consumer products, vote for politicians, or die for their country. Yet, research into identity motives has focused mainly on a small fraction of humanity who inhabit “Western” societies. I will present findings from two large studies in which we measured identity motives among >12,000 members of cultural groups spanning 35 nations on all inhabited continents. Across highly diverse cultural, socioeconomic, political, and environmental contexts, people structured their identities to view themselves as: accepted by others (belonging), positively valued (positive self-regard), distinguished from others (distinctiveness), persisting through time (continuity), competent and capable (efficacy), and having a life that matters (meaning). These common motives underlie the superficially divergent expressions of identity observed across human cultures.