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PRODID:-//AMSE//Event Calendar//FR
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BEGIN:VEVENT
UID:event-11476@www.amse-aixmarseille.fr
DTSTAMP:20260421T165432Z
CREATED:20260421T165432Z
LAST-MODIFIED:20260421T165432Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Ernesto Pasten
DTSTART:20241108T113000Z
DTEND:20241108T123000Z
DESCRIPTION:Uncertainty triggers two confounding effects: a realization and
  an anticipation effect. By using the 2019 riots in Chile as a quasi-natura
 l experiment\, we show that the pricing behavior of supermarkets is consist
 ent with a pure anticipation effect: during the 31-day period following the
  start of the Riots\, supermarkets reduce the frequency of price changes an
 d\, conditional on a price change\, the absolute magnitude of price changes
  increase. A quantitative menu cost model with news about a future increase
  in idiosyncratic demand dispersion can deliver these pricing dynamics. The
  effectiveness of monetary policy crucially depends on the timing of the in
 tervention.\\n\\nContact: Marco Fongoni: marco.fongoni[at]univ-amu.frUros H
 erman: uros.herman[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-
 aixmarseille.fr/en/events/ernesto-pasten-0
LOCATION:MEGA
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/ernesto-pasten-0
CONTACT:Marco Fongoni: marco.fongoni[at]univ-amu.frUros Herman: uros.herman
 [at]univ-amu.fr
TRANSP:OPAQUE
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