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TZID:America/Detroit
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TZOFFSETFROM:-0500
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DTSTART:20070311T020000
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BEGIN:VEVENT
DTSTAMP:20260901T135721
DTSTART;TZID=America/Detroit:20261027T113000
DTEND;TZID=America/Detroit:20261027T125000
SUMMARY:Workshop / Seminar:The Devil is in the Tail: Macroeconomic Tail Risk Expectations of Firms
DESCRIPTION:This paper examines novel survey evidence on firms’ beliefs about macroeconomic tail risk and their role in investment decisions. In a large survey of firms\, I elicit the subjective probability of a severe macroeconomic downturn and firms’ exposure to such events. Using observational and experimental variation\, I find that a higher probability of a severe macroeconomic downturn substantially lowers investment\, particularly for more exposed firms\, beyond what can be explained by changes in firms’ subjective first and second moments. In a heterogeneous firm model calibrated to the survey evidence\, tail risk concerns make fiscal policy particularly effective for stabilizing investment.
UID:149567-21906712@events.umich.edu
URL:https://events.umich.edu/event/149567
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Macroeconomics,seminar,Economics
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260727T094525
DTSTART;TZID=America/Detroit:20261103T113000
DTEND;TZID=America/Detroit:20261103T125000
SUMMARY:Workshop / Seminar:Michael Beauregard Seminar in Macroeconomics: Tuesday\, November 3
DESCRIPTION:--
UID:149568-21906713@events.umich.edu
URL:https://events.umich.edu/event/149568
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Macroeconomics,seminar
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260727T094651
DTSTART;TZID=America/Detroit:20261110T113000
DTEND;TZID=America/Detroit:20261110T125000
SUMMARY:Workshop / Seminar:Michael Beauregard Seminar in Macroeconomics: Tuesday\, November 10
DESCRIPTION:--
UID:149570-21906714@events.umich.edu
URL:https://events.umich.edu/event/149570
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Macroeconomics,seminar
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260727T095035
DTSTART;TZID=America/Detroit:20261117T113000
DTEND;TZID=America/Detroit:20261117T125000
SUMMARY:Workshop / Seminar:Michael Beauregard Seminar in Macroeconomics: Tuesday\, November 17
DESCRIPTION:--
UID:149571-21906715@events.umich.edu
URL:https://events.umich.edu/event/149571
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar,Macroeconomics
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260901T142229
DTSTART;TZID=America/Detroit:20261201T113000
DTEND;TZID=America/Detroit:20261201T125000
SUMMARY:Workshop / Seminar:Micro Responses to Macro Shocks
DESCRIPTION:We study panel data regression models when the shocks of interest are aggregate and there are omitted macro and micro-level shocks of any relative size. This speaks to a large empirical literature that targets impulse responses via panel local projections. We show how to interpret the estimated coefficients when responses are heterogeneous and that a simple recipe leads to uniformly valid inference over the macro–micro composition of the errors: including lags as controls and then clustering at the time level. Finally\, we use our methods to reassess the role of firm financial frictions in shaping the transmission of monetary policy.
UID:149572-21906716@events.umich.edu
URL:https://events.umich.edu/event/149572
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Econometrics,Economics,Macroeconomics,seminar
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260727T095345
DTSTART;TZID=America/Detroit:20261208T113000
DTEND;TZID=America/Detroit:20261208T125000
SUMMARY:Workshop / Seminar:Michael Beauregard Seminar in Macroeconomics: Tuesday\, December 8
DESCRIPTION:--
UID:149573-21906717@events.umich.edu
URL:https://events.umich.edu/event/149573
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Macroeconomics,seminar
LOCATION:North Quad - 4325
CONTACT:
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