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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-9444@www.amse-aixmarseille.fr
DTSTAMP:20260422T114931Z
CREATED:20260422T114931Z
LAST-MODIFIED:20260422T114931Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:phd seminar - Dallal Bendjellal*\, Daniela Horta Saenz**
DTSTART:20221018T090000Z
DTEND:20221018T103000Z
DESCRIPTION:*What is the optimal maturity structure when public debt has a 
 liquidity role in the economy? To answer this question\, I develop a model 
 of optimal fiscal policy in which government debt provides collateral servi
 ces to the private sector. Without collateral constraint\, the government i
 s able to fully insulate its budget against fiscal shocks by borrowing long
  and investing short. This position allows for a decline in the value of pu
 blic debt when fiscal conditions are bad. With collateral constraint\, I fi
 nd that issuing long-term debt is costly because it dries up private liquid
 ity and reduces tax revenues when the government's budget is tight. The opt
 imal maturity structure depends on the severity of the liquidity friction\,
  but it no longer guarantees full insurance as it either hurts private liqu
 idity or raises debt payments. For reasonable values of the friction's seve
 rity\, I find that borrowing short-term and investing long-term is optimal.
 **Can the disclosure of unpleasant truths contribute to the reconciliation 
 and building of a new national identity? Truth commissions have become stan
 dard post-conflict structures to deal with past human rights violations and
  provide restorative justice. Yet\, little is known about its effectiveness
  in reconciling and uniting highly fragmented societies. This paper examine
 s the case of the South African Truth and Reconciliation Commission (TRC). 
 Exploiting exogenous topographic variation in radio coverage combined with 
 daily variation in the TRC hearings' live broadcasting. I find that the TRC
  coverage increased the salience of identity group issues. However\, it al
 so increased the perception of the TRC as key for reconciliation and natio
 n-building\, as well as trust in institutions. This is reflected in actual 
 political conflict declining. Results seem consistent with the individuals 
 struggling to face tough truths and unpleasant histories. Yet\, facing thes
 e issues seems to allow real reconciliation.\\n\\nContact: Camille Hainnaux
  : camille.hainnaux[at]univ-amu.frDaniela Horta Saenz : daniela.horta-saenz
 [at]univ-amu.frJade Ponsard : jade.ponsard[at]univ-amu.frNathan Vieira : na
 than.vieira[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmars
 eille.fr/fr/evenements/dallal-bendjellal-daniela-horta-saenz
LOCATION:Îlot Bernard du Bois - Amphithéâtre\, AMU - AMSE\, 5-9 boulevar
 d Maurice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/dallal-bendjellal-daniela-horta-saenz
CONTACT:Camille Hainnaux : camille.hainnaux[at]univ-amu.frDaniela Horta Sae
 nz : daniela.horta-saenz[at]univ-amu.frJade Ponsard : jade.ponsard[at]univ-
 amu.frNathan Vieira : nathan.vieira[at]univ-amu.fr
TRANSP:OPAQUE
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