Program

Chair: Maria Elena Bontempi, University of Bologna (Italy)

Speaker: Jacques MAIRESSE (ENSAE ParisTech, France)
Time-Series and Cross–Sectional Estimates on Panel Data: Why Are They Different and Why Should They Be Equal? Taking advantage of National French Forest Inventory Data to Revisit Evidence and Issues

Chair: Roberto Golinelli, University of Bologna (Italy)

Speaker: Xavier D’HAULTFOEUILLE (CREST-ENSAE, France)

Difference-in-Differences Estimators for Treatments Continuously Distributed at Every Period (with C. de Chaisemartin, F., G. Vazquez-Bare)

Estimation I – SALA JACOPO DA BERTINORO

Chair: Stanislav Anatolyev

Two-step Parametric Estimation of Binary Treatment Effects in the Presence of Misclassification and Endogeneity for Cross-Sectional and Panel Data.
Georgios Marios Chrysanthou (University of Bath, UK)

Recovering Latent Linkage Structures and Spillover Effects with Structural Breaks in Panel Data Models.
Ryo Okui, Yutao Sun, Wendun Wang (Erasmus University Rotterdam; Tinbergen Institute, The Netherlands)

Forecasted Treatment Effects.
Irene Botosaru, Raffaella Giacomini, Martin Weidner (Oxford University,UK)

Nonparametric Regression with Clustered Observations.
Stanislav Anatolyev (CERGE-EI Prague, Czech Republic)

Policy I – SALA TEATRO

Chair: Cheng Hsiao

Why Has the OECD Long-run GDP Elasticity of Economy-wide Electricity Demand Declined? Because the Electrification of Energy Services Has Saturated.
Brantley Liddle (National University of Singapore, Singapore), Steven Parker, Fakhri Hasanov

The Impact of Technical Barriers to Trade and Sanitary and Phytosanitary Measures on Trade in the Forest-Wood-Paper Sector.
Bossoma Doriane N’Doua (Université de Bordeaux, France)

How Effective Are Punitive Tariffs? An Evaluation of Attempts to Reduce Trade Dependency on China in Solar Panels.
Camilla Jensen (University of Sussex Brighton, UK and Roskilde University, Denmark)

Disentangle the Global Economic Impact of Epidemic and the Effectiveness of the Specific Disease Control Policy – the Analysis of Hubei, China Lockdown Experience.
Xiao Ke (Hubei University of Economics, Wuhan and Peking University, Beijing, China), Cheng Hsiao

Climate and Environmental – SALA CHIESA

Chair: Massimiliano Mazzanti

Forecasting the Climate-Conflict Nexus in Africa under SSPs Scenarios.
Caterina Conigliani, Valeria Costantini (Roma Tre University, Italy), Elena Paglialunga, Andrea Tancredi

From Corruption to Illegal Waste Disposal: An Evaluation of the Role Played by Waste Management (In)efficiency.
Gionata Castaldi, Alessio D’Amato (Universita’ di Roma Tor Vergata and SEEDS, Italy), Mariangela Zoli

A Neural Network Approach to the Environmental Kuznets Curve.
Mikkel Bennedsen, Eric Hillebrand, Sebastian Jensen (CREATES, Aarhus University, Denmark)

Modeling Green Knowledge Production and Environmental Policies with Semiparametric Panel Data Regression models.
Antonio Musolesi, Massimiliano Mazzanti (University of Ferrara and SEEDS, Italy)

Labour – SALA GUARNIGIONE

Chair: Heike Vethaak

The Effects of Minimum Working Hours: Theory and Evidence.
Pauline Carry (CREST, ENSAE -Ecole Polytechnique, France)

Local Human Capital and Firm Creation
Elio Nimier-David (CREST, ENSAE -Ecole Polytechnique, France)

Measuring Wage Inequality under Right Censoring.
Joao Nicolau, Pedro Raposo (Catolica Lisbon School of Business and Economics, Portugal) Paulo M. M. Rodrigues

A Panel Data Sample Selection Model to Estimate Earnings with Semi-continuous Labor Supply.
Jim Been, Marike Knoef, Heike Vethaak (Leiden University, The Netherlands)

Estimation II – SALA TEATRO

Chair: Monika Avila Marquez

Latent Group Structure in Linear Panel Data Models with Endogenous Regressors.
Junho Choi, Ryo Okui (University of Tokyo, Japan)

Minimum Distance Estimation of Quantile Panel Data Models.
Blaise Melly, Martina Pons (University of Bern, Switzerland)

Slow Movers in Panel Data.
Yuya Sasaki (Vanderbilt University, USA), Takuya Ura

Identification and Estimation of Dynamic Heterogeneous Unbalanced Panel Data Models with Clustering.
Monika Avila Marquez (University of Geneva, Switzerland)

Policy II – SALA CHIESA

Chair: Camilla Mastromarco

Group Patterns in Income Inequality.
Binzhi Chen (Birmingham Business School, UK)

Price Changes and Welfare Analysis: Measurement under Individual Heterogeneity.
Sebastiaan Maes, Raghav Malhotra (Warwick University, UK)

Downside-Risk Sharing and the Renewed Case for a Fiscal Union.
Luca Rossi (Bank of Italy, Italy)

Spillovers of Program Benefits under Mismeasured Networks.
Lina Zhang (University of Amsterdam, The Netherlands)

Efficiency Network in the EU.
Camilla Mastromarco (University of Calabria, CESifo and RCEA, Italy), Laura Serlenga, Yongcheol Shin

Banking – SALA JACOPO DA BERTINORO

Chair: Peter Cincinelli

Differentiated Deleveraging: How Do Banks Respond to Higher Capital Requirements?
Maurice J.G. Bun (De Nederlandsche Bank & University of Amsterdam, The Netherlands), Eric Cuijpers

Government Spending and Credit Market: Evidence from Italian NUTS-3 Regions.
Francesco Frangiamore (University of Palermo, Italy)

The Single Supervisory Mechanism: Effects on Bank Performance and Capital requirements.
Burkhard Raunig, Michael Sigmund (Oesterreichische Nationalbank, Wien, Austria)

Systemic Risk in the Chinese Financial System: A Panel Granger Causality Analysis.
Peter Cincinelli (Bergamo University, Italy), Elisabetta Pellini, Giovanni Urga

Chair: Giovanni Urga, Bayes Business School-City, University of London (UK)

Speaker: Allan TIMMERMANN (UC San Diego, USA)
Forecasting with Panel Data: Estimation Uncertainty versus Parameter Heterogeneity (with M.H. Pesaran and A. Pick)

Chair: Antonio Musolesi, University of Ferrara (Italy)

Speaker: Thanasis STENGOS, University of Guelph
Kink Threshold with an Endogenous Regressor: A Case Study of Labour Markets Under Covid-19

Difference-in-differences – SALA TEATRO

Chair: Timo Schenk

Moment Conditions for Dynamic Panel Logit Models with Fixed Effects.
Bo E. Honoré (Princeton University, USA and The Dale T Mortensen Centre, University of
Aarhus, Denmark), Martin Weidner

Is the Effect of Brexit Larger Than Previously Thought? A Synthetic Difference-in-differences Approach with (-out) Covariates.
Esther de Brabander, Arturas Juodis, Gabriela Miyazato Szini (University of Amsterdam, The Netherlands)

Fuzzy Differences-in-Differences with Grouped Data.
Clément de Chaisemartin, Xavier D’Haultfoeuille, Félix Pasquier (CREST-ENSAE, France)

Time-Weighted Difference-in-Differences: Accounting for Common Factors in Short T Panels.
Timo Schenk (University of Amsterdam, The Netherlands)

Policy III – SALA GUARNIGIONE

Chair: Nicoletta Berardi

Broadband Internet and Cognitive Functioning.
Klaus Ackermann (Monash Business School, Australia), Sefa Awaworyi Churchill, Russell Smyth

Modelling the Impact of Cigarette Taxation and Smoking Ban on Smoking Practices and General Physician Visits in the UK.
Carole El Khoury, Thierry Kamionka (CNRS, CREST and Institut Polytechnique de Paris, France)

The Market for Internet Meme Attention.
Michael R. Ward (University of Texas at Arlington, USA, and ZEW, Mannheim, Germany)

Firm Financial Constraints and Price Setting.
Nicoletta Berardi (Banque de France, France), Anne Duquerroy

Machine Learning – SALA JACOPO DA BERTINORO

Chair: Robin Sickles

A Classifier-Lasso Approach for Estimating Production Functions with Latent Group Structures.
Daniel Czarnowske (Heinrich-Heine-Universitat, Germany)

Identifying Dominant Units Using Graphical Models in Panel Time Series Data.
Jan Ditzen (Free University of Bozen-Bolzano, Italy), Francesco Ravazzolo

DeepCPNet: A Global Deep Learning Counterfactual Approach for Treatment Effect Estimation.
Priscila Grecov (Monash University, Australia), Klaus Ackermann, Christoph Bergmeir

Public Subsidies and Innovation: A Doubly Robust Machine Learning Approach Leveraging Deep Neural Networks.
Kerda Varaku, Robin Sickles (Rice University, USA)

Factor models – SALA CHIESA

Chair: Laura Serlenga

New Tests for the Number of Common Dynamic Factors.
Federico Carlini (LUISS Guido Carlo University, Rome, Italy), Mirco Rubin

Panel Cointegration Bounds Testing with Common Factors.
Anindya Banerjee, Josep Lluís Carrion-i-Silvestre (University of Barcelona, Spain)

Instability of Factor Strength in Asset Returns.
Daniele Massacci (King’s College, London, UK)

Testing for Correlation between the Regressors and Factor Loadings in Heterogeneous Panels with Interactive Effects.
George Kapetanios, Laura Serlenga (University of Bari, Italy), Yongcheol Shin

Chair: Elisabetta Pellini, Bayes Business School-City, University of London (UK)

Speaker: Chihwa KAO, University of Connecticut (USA)
Test for Cross-Sectional Dependence in Large Panel Data Models with Serial Correlation (with M. S. Kim)

Non-linear models – SALA TEATRO

Chair: Chris Muris

MCMC Conditional Maximum Likelihood for the Two-Way Fixed-Effects Logit.
Francesco Bartolucci, Claudia Pigini, Francesco Valentini (Universita’ Politecnica
delle Marche, Italy)

R&D Duration and Market Power
Maria Elena Bontempi (Bologna University, Italy), Luca Lambertini, Erica Medeossi

Dynamic Ordered Panel Logit Models.
Bo E. Honoré, Chris Muris, Martin Weidner (University College London, UK)

Forecasting & Nonstationarity – SALA CHIESA

Chair: Lorenzo Trapani

Equal Predictive Ability Tests for Panel Data with Applications to OECD and IMF Forecasts.
Oguzhan Akgun (University of Burgundy, France), Alain Pirotte, Giovanni Urga, Zhenlin Yang

Robust Forecasting.
Timothy Christensen (New York University, USA), Hyungsik Roger Moon, Frank Schorfheide

Spatial and Spatio-temporal Error Correction, Networks and Common Correlated Effects.
Arnab Bhattacharjee, Jan Ditzen, Sean Holly (Cambridge University, UK)

High dimensional threshold regression with common stochastic trends.
Daniele Massacci, Lorenzo Trapani (Nottingham University, UK)

Fixed Effects – SALA JACOPO DA BERTINORO

Chair: Amrei Stammann

Time-Varying Linear Transformation Models with Fixed Effects and Endogeneity for Short Panels.
Irene Botosaru (McMaster University, Canada), Chris Muris, Senay Sokullu

Multidimensional Interactive Fixed-Effects.
Hugo Freeman (University College London, UK)

Fixed T Estimation of Linear Panel Data Models with Interactive Fixed Effects.
Ayden Higgins (University of Cambridge, UK)

On the Incidental Parameter Problem in Fractional Response Models with Fixed Effects.
Amrei Stammann (Ruhr-University Bochum, Germany)

Inference – SALA GUARNIGIONE

Chair: Timothy Neal

Robust Inference for Dynamic Panel Threshold Models.
Woosik Gong (Seoul National University, South Korea), Myung Hwan Seo

Bootstrap Inference for Fixed-Effect Models.
Ayden Higgins, Koen Jochmans (University of Toulouse Capitole, France)

Inference on Extreme Quantiles of Individual Effects in Panel Data.
Vladislav Morozov (Universitat Pompeu Fabra and Barcelona GSE, Spain)

Robust Inference for the Frisch Labor Supply Elasticity.
Michael Keane, Timothy Neal (University of New South Wales, Australia)

Conference ENDS