Reesarch seminar "farsighted stability with heterogeneous expectations"
This paper analyzes farsighted stable sets when agents have heterogeneous expectations over the dominance paths. We consider expectation functions satisfying two properties of path-persistence and consistency.
Research seminar “A matter of trust? The bond market benefits of corporate social capital during the financial crisis”
Research seminar “A MATTER OF TRUST? THE BOND MARKET BENEFITS OF CORPORATE SOCIAL CAPITAL DURING THE FINANCIAL CRISIS” by Henri Servaes
Predicting equity risk premium using smooth cross-sectional tail risk
“PREDICTING EQUITY RISK PREMIUM USING SMOOTH CROSS-SECTIONAL TAIL RISK” by José Faias
Seminar "Offshoring of R&D activities by Multinational Corporations"
Dear students, faculty and staff, Nazarbayev University Graduate School of Business invites you to Research Seminar
“Reassessing structural vars” (joint work with Mario Forni and Luca Gambetti) by Luca Sala
The conditions of validity of structural VAR techniques are less restrictive than usually believed. A shock of interest can be recovered, either exactly or with good approximation, even when invertibility does not hold or there are less variables in the VAR than shocks in the macroeconomy.