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PRODID:-//AMSE//Event Calendar//FR
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UID:event-9401@www.amse-aixmarseille.fr
DTSTAMP:20260421T164406Z
CREATED:20260421T164406Z
LAST-MODIFIED:20260421T164406Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Emiliano Santoro
DTSTART:20221208T113000Z
DTEND:20221208T123000Z
DESCRIPTION:We devise tractable heterogeneous-agent New Keynesian economies
  where households may infrequently participate in financial markets. Both n
 ondurable and durable goods are available for consumption. To the extent th
 at durables feature slow depreciation\, a risk-sharing condition emerges\, 
 involving all households who can buy both types of consumption goods\, irre
 spective of their financial status. In light of this\, factors typically ke
 y in shaping monetary transmission in benchmark one-sector economies—such
  as fiscal transfers from financially unconstrained to constrained househol
 ds—only affect household-specific durable expenditure\, while being other
 wise neutral to either type of sectoral demand. When introducing hand-to-mo
 uth consumers with no access to both durable purchases and financial assets
 \, fiscal transfers are no longer purely redistributive— neither at the h
 ousehold nor at the sectoral level—and tend to amplify the response of GD
 P to monetary shocks\, unlike what found in one-sector economies featuring 
 nondurables only.\\n\\nContact: Andreas Dibiasi : andreas.dibiasi[at]univ-a
 mu.frCéline Poilly : celine.poilly[at]univ-amu.fr\n\nPlus d'informations: 
 https://www.amse-aixmarseille.fr/fr/evenements/emiliano-santoro
LOCATION:Îlot Bernard du Bois - Salle 17\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/emiliano-santoro
CONTACT:Andreas Dibiasi : andreas.dibiasi[at]univ-amu.frCéline Poilly : ce
 line.poilly[at]univ-amu.fr
TRANSP:OPAQUE
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