Université de Lausanne
Ecole des HEC
Département d'économétrie et d'économie politique

SEMINAIRE BROWNBAG

Jeudi 18 septembre 2008, 17h00
Extranef, salle 118

Daniel S. HAMERMESH
(University of Texas at Austin, USA)

How does the Economics Profession Work ?

Abstract
This lecture discusses a large variety of aspects of the economics profession, including; Difficulties in publishing, absolute and compared to other academic disciplines; publishing lags and their development; patterns of publishing by age and gender; fairness in judging authors. I also examine the economic returns to economics, and their determinants; noneconomic returns and their determinants. The general question is whether and to what extent the economics profession represents a meritocracy and what is valued by the profession.

Web site of the seminar: http://www.hec.unil.ch/deep/evenements-english/e-sem-all-2008-09.htm

eptembre 2007, 12h15
Internef, salle 123

Francesco FURLANETTO
(CREI, Barcelona and Norges Bank, Oslo)

Rule-of-thumb Consumers
and the Business Cycle

Abstract

In this paper we study the transmission mechanism of productivity shocks in a model with rule-of-thumb consumers. In the literature, this financial friction has been studied only with reference to fiscal shocks. As a consistency exercise we show that the presence of rule-of-thumb consumers is very helpful also in accounting for recent influential empirical evidence on productivity shocks. Rule-of-thumb agents, together with nominal and real rigidities, play an important role in explaining the negative reponse of hours and the zero reponses of output and consumption after a productivity shock.

Site web du séminaire (avec texte en ligne): http://www.hec.unil.ch/deep/evenements/Brownbag2007-08.htm