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Monetary Policy Expectations at the Zero Lower Bound (1)

Glenn D. Rudebusch (Federal Reserve Bank of San Francisco)

May 7, 2013

As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes (1)

Florian Heider (European Central Bank)

TSE, May 6, 2013, 12:30–14:00, room MF 323

We use a natural experiment in the form of staggered changes in corporate income tax rates across U.S. states to show that tax considerations are a first-order determinant of firms’ capital structure choices. Over the period 1990-2011, firms increase long-term leverage by 116 basis points on...

Flight to Where? Evidence from Bank Investments During the Financial Crisis (1)

Jörg Rocholl (European School of Management and Technology)

May 2, 2013

Supranational Regulation – how much and for whom (1)

Thorsten Beck (Tilburg University)

April 26, 2013

Dormant Shocks and Fiscal Virtue (1)

Francesco Bianchi (Duke University)

April 23, 2013

High Frequency Trading (1)

NYSE Euronext, Paris, April 18–19, 2013

No News in Business Cycles (1)

Luca Gambetti (Universtiat Autonoma de Barcelona)

April 16, 2013

Fund Managers under Pressure: Rationale for Secondary Buyouts (1)

Zsuzsanna Fluck (University of Paris-Dauphine and Michigan State University)

IDEI, April 15, 2013, 12:30–14:00, room MF 323

Private equity funds are expected to invest in deals that maximize returns for their investors and to realize those returns when they exit their investments. During the last decade an increasing fraction of PE exits have been secondary deals, in which one PE fund sells their portfolio company to...

Risky Investments with Limited Commitment (1)

Ramon Marimon (EUI)

April 11, 2013

Volatility Downside Risk (1)

Roméo Tegondap (Stockholm School of Economics)

April 9, 2013

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