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UID:event-7864@www.amse-aixmarseille.fr
DTSTAMP:20260415T003457Z
CREATED:20260415T003457Z
LAST-MODIFIED:20260415T003457Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:phd seminar - Mathias Silva Vazquez*\, Meryem Rhouzlane**
DTSTART:20210316T100000Z
DTEND:20210316T113000Z
DESCRIPTION:* This presentation explores a new flexible Bayesian approach 
 for inference on income distributions using grouped data. Combining notions
  from Bayesian hierarchical modelling with previous results from the income
  distribution literature\, a parametric 'missing rich'-expanded Generalized
  Lorenz curve model is developed in the interest of allowing for different 
 assumptions and corrections on possible undercoverage and/or under-reportin
 g of high incomes in the data. In fitting this model to the typical publicl
 y-available grouped-data sources on household incomes\, the unavailability 
 of its likelihood function poses important limitations for Bayesian inferen
 ce which can be overcome through an Approximate Bayesian Computation (ABC) 
 approach. A particular adaptive ABC algorithm is proposed for the purpose o
 f inference on the model's parameters and illustrated in both a simulated d
 ata example and a real data example on the French income distribution. Fina
 lly\, ABC model choice methods are explored for the purpose of deciding amo
 ngst alternative candidate assumptions on the possible 'missing rich' dimen
 sions of the data in the context of these illustrative examples.** Since t
 he financial crisis of 2008\, many industrialized countries have suffered f
 rom low potential growth\, low natural interest rates and low inflation. Th
 ese three factors add up to an international phenomenon known as secular st
 agnation\, to which central banks worldwide have reacted by adopting non-co
 nventional monetary policies. In this theoretical paper\, I evaluate the im
 pact of monetary and fiscal policies on the real economy\, using an endogen
 ous growth model in which economic growth interacts with productive public 
 expenditure. This is illustrated via Japan and the Eurozone. I find that bo
 th low and high balanced growth paths (BGPs) are stable when the money supp
 ly is exogenous and unstable when the money supply is endogenous. This resu
 lt implies that a policy mix under quantitative easing has positive effects
  on real economic activity.\\n\\nContact: Anushka Chawla : anushka.chawla[a
 t]univ-amu.frKenza Elass : kenza.elass[at]univ-amu.frCarolina Ulloa Suarez 
 : carolina.ulloa-suarez[at]univ-amu.fr\n\nPlus d'informations: https://www.
 amse-aixmarseille.fr/fr/evenements/mathias-silva-vazquez-meryem-rhouzlane
LOCATION:Îlot Bernard du Bois - Salle 21\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/mathias-silva-vazquez-meryem-rhouzlane
CONTACT:Anushka Chawla : anushka.chawla[at]univ-amu.frKenza Elass : kenza.e
 lass[at]univ-amu.frCarolina Ulloa Suarez : carolina.ulloa-suarez[at]univ-am
 u.fr
TRANSP:OPAQUE
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