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UID:event-9616@www.amse-aixmarseille.fr
DTSTAMP:20260429T114837Z
CREATED:20260429T114837Z
LAST-MODIFIED:20260429T114837Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Aaron Mehrotra
DTSTART:20230124T133000Z
DTEND:20230124T133000Z
DESCRIPTION:We examine how changes in fiscal deficits affect near-term futu
 re inflation in a panel of emerging market and developing economies (EMDEs)
 . Using a novel method for quantile panel regressions with fixed effects\, 
 we find that an increase in the fiscal deficit has highly non-linear effect
 s on inflation - that is\, a larger impact on upside tail risks than on ave
 rage inflation. These effects are substantially larger in EMDEs than in adv
 anced economies. We also show that an increase in the fiscal deficit raises
  the risk of future currency depreciation\, especially when the share of so
 vereign debt in foreign currency is large or when a sizeable share of sover
 eign debt is held by foreign residents. Finally\, we find that the effects 
 of fiscal deficits on future inflation are strongly attenuated in inflation
  targeting regimes.\\n\\nContact: Eric Girardin : eric.girardin[at]univ-amu
 .frGaël Leboeuf : gael.leboeuf[at]univ-amu.frChristelle Lecourt : christel
 le.lecourt[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmarse
 ille.fr/fr/evenements/aaron-mehrotra-3
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/aaron-mehrotra-3
CONTACT:Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : gael.le
 boeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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