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PRODID:-//AMSE//Event Calendar//FR
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UID:event-12416@www.amse-aixmarseille.fr
DTSTAMP:20260422T130841Z
CREATED:20260422T130841Z
LAST-MODIFIED:20260422T130841Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:phd seminar - Joel Lamb*\, Nan Liu**
DTSTART:20251014T090000Z
DTEND:20251014T103000Z
DESCRIPTION:*How do politicians secure top government positions? We exploit
  a natural experiment in the UK House of Commons\, where politicians enter 
 a lottery to win the opportunity to introduce legislation of their choosing
 . First\, we verify that winning this lottery improves career outcomes\, le
 ading to a 65% (12 percentage point) increase in ministerial appointments f
 ive years after treatment. Next\, we introduce a model of political capital
  that yields predictions about the legislation proposed by politicians. To 
 verify predictions from our model\, we use Natural Language Processing tech
 niques to analyse the content of the bills presented by ballot winners. We 
 provide evidence that politicians who strategically use this opportunity to
  push party objectives see a larger boost to their careers.**This paper exp
 lores how Japanese exports' exchange rate pass-through (ERPT) has changed o
 ver the sample period from 2005 to 2023 and what has determined the changin
 g ERPT\, constructing the sector-specific explanatory variables from the fi
 nancial data of each sector’s representative firms. First\, we estimate t
 he time-varying ERPT coefficients using the newly developed “sector-speci
 fic” and “contract currency-based” nominal effective exchange rate (N
 EER) of the yen for 50 machinery sectors. Second\, we conduct a panel estim
 ation to investigate how the time-varying estimates of ERPT coefficients ar
 e affected by the sector-specific explanatory variables\, including the for
 eign sales ratio\, R&D intensity\, and labor productivity. Furthermore\, si
 nce we have the time-varying ERPT coefficients for 50 machinery sectors fro
 m 2005 to 2023\, we examine whether the ERPT coefficients are affected diff
 erently between the yen appreciation and depreciation periods. Since Japane
 se firms have long been exposed to large fluctuations in the yen’s exchan
 ge rates\, our empirical results would have significant policy implications
  for Japanese firms’ foreign exchange risk management.\\n\\nContact: Alex
 andre Arnout : alexandre.arnout[at]univ-amu.frPhilippine Escudié : philip
 pine.escudie[at]univ-amu.frArmand Rigotti : armand.rigotti[at]univ-amu.fr\
 n\nPlus d'informations: https://www.amse-aixmarseille.fr/fr/evenements/joel
 -lamb-nan-liu
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/joel-lamb-nan-liu
CONTACT:Alexandre Arnout : alexandre.arnout[at]univ-amu.frPhilippine Escudi
 é :&nbsp\;philippine.escudie[at]univ-amu.frArmand Rigotti :&nbsp\;armand.r
 igotti[at]univ-amu.fr
TRANSP:OPAQUE
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