2024 AFSE PhD Prize Special mentions


Congratulations to Léa BOU SLEIMAN who received the special mention of the AFSE 2024 Prize for her thesis “Essays in Urban and Environmental Economics”.

 

Patricia Crifo received the Qidi award for contributing to SDGs set by UN


The Alumni Association of Tongji University in France organized the first “Qidi” award ceremony on Friday, April 19, 2024, in Shanghai. The event was supported by the Alumni Association of Tsinghua in France and was held at the Consulate Residence in Shanghai. Nearly 80 guests attended the ceremony.

The “Qidi” award was created by the Alumni Association of Tongji in France and honors two female scientists or engineers annually who have contributed to the 17 Sustainable Development Goals (SDGs) set by the United Nations member states in 2015. This distinction honors Professor WU Qidi, former president of Tongji University and former vice-minister of Chinese education, recognized for her work in fostering Franco-Chinese cooperation in the field of education. One of the main objectives of the award is to highlight female scientists and engineers and promote examples of female success to inspire young girls.

The 2023 Qidi Award winners were chosen from 11 candidates from 9 countries by a jury chaired by Professor WU Qidi. The award recipients are Professor Xiaoying Zhuang from Leibniz Universität Hannover in Germany and Tongji University in China, and Professor Patricia Crifo from École Polytechnique in Paris, recognized for their exceptional contributions to research and teaching.

At the ceremony, Professor Wu Qidi spoke and personally presented the awards to the two laureates. The Consul General of France in Shanghai, Mr. Joan Valadou, the Vice President of Innovation for Asia at Saint-Gobain, Mr. Alain Zanoli, and the representative of the Fondation de France, Mr. Julien-Loïc Garin, offered their congratulations to the laureates, emphasizing the importance of strengthening Franco-Chinese relations in scientific, technological, and educational fields and providing more opportunities for women in these sectors.

More information: https://mp.weixin.qq.com/s/W8lbJXF45AJj2UHwJwXoOA

Patricia Crifo received the Qidi award for contributing to SDGs set by UN


The Alumni Association of Tongji University in France organized the first “Qidi” award ceremony on Friday, April 19, 2024, in Shanghai. The event was supported by the Alumni Association of Tsinghua in France and was held at the Consulate Residence in Shanghai. Nearly 80 guests attended the ceremony.

The “Qidi” award was created by the Alumni Association of Tongji in France and honors two female scientists or engineers annually who have contributed to the 17 Sustainable Development Goals (SDGs) set by the United Nations member states in 2015. This distinction honors Professor WU Qidi, former president of Tongji University and former vice-minister of Chinese education, recognized for her work in fostering Franco-Chinese cooperation in the field of education. One of the main objectives of the award is to highlight female scientists and engineers and promote examples of female success to inspire young girls.

The 2023 Qidi Award winners were chosen from 11 candidates from 9 countries by a jury chaired by Professor WU Qidi. The award recipients are Professor Xiaoying Zhuang from Leibniz Universität Hannover in Germany and Tongji University in China, and Professor Patricia Crifo from École Polytechnique in Paris, recognized for their exceptional contributions to research and teaching.

At the ceremony, Professor Wu Qidi spoke and personally presented the awards to the two laureates. The Consul General of France in Shanghai, Mr. Joan Valadou, the Vice President of Innovation for Asia at Saint-Gobain, Mr. Alain Zanoli, and the representative of the Fondation de France, Mr. Julien-Loïc Garin, offered their congratulations to the laureates, emphasizing the importance of strengthening Franco-Chinese relations in scientific, technological, and educational fields and providing more opportunities for women in these sectors.

More information: https://mp.weixin.qq.com/s/W8lbJXF45AJj2UHwJwXoOA

Giovanni Ricco, recipient of the 2024 AEJ Best Paper Awards in Macroeconomics


The American Economic Association announced the list of Award Reciptients for 2024. 

Giovanni Ricco, Professor at Ecole polytechnique, received the annual American Economic Journal (AEJ) Best Paper Awards for his work with Silvia Miranda-Agrippino, Research Economist in the Monetary Policy Division at the Federal Reserve Bank of New York and a Research Affiliate in the Monetary Economics and Fluctuations (MEF) programme of the CEPR. The paper was published in 2021, in the American Economic Journal: Macroeconomics, while Giovanni Ricco was a Professor in the Department of Economics at University of Warwick.

The annual American Economic Journal (AEJ) Best Paper Awards highlight the best paper published in each of the American Economic Journals: Applied Economics, Economic Policy, Macroeconomics, and Microeconomics over the last three years. Nominations are provided by AEA members, and winners are selected by the journals’ Boards of Editors. Complimentary full-text articles are available at https://www.aeaweb.org/about-aea/honors-awards/aej-best-papers.

The transmission of Monetary Policy Shocks” by Silvia Miranda-Agrippino and Giovanni Ricco – 13(3), (pp. 74-107) July 2021

Commonly used instruments for the identification of monetary policy disturbances are likely to combine the true policy shock with information about the state of the economy due to the information disclosed through the policy action. We show that this signaling effect of monetary policy can give rise to the empirical puzzles reported in the literature, and propose a new high-frequency instrument for monetary policy shocks that accounts for informational rigidities. We find that a monetary tightening is unequivocally contractionary, with deterioration of domestic demand, labor and credit market conditions as well as of asset prices and agents’ expectations.

More information on the article: The Transmission of Monetary Policy Shocks

Giovanni Ricco, recipient of the 2024 AEJ Best Paper Awards in Macroeconomics


The American Economic Association announced the list of Award Reciptients for 2024. 

Giovanni Ricco, Professor at Ecole polytechnique, received the annual American Economic Journal (AEJ) Best Paper Awards for his work with Silvia Miranda-Agrippino, Research Economist in the Monetary Policy Division at the Federal Reserve Bank of New York and a Research Affiliate in the Monetary Economics and Fluctuations (MEF) programme of the CEPR. The paper was published in 2021, in the American Economic Journal: Macroeconomics, while Giovanni Ricco was a Professor in the Department of Economics at University of Warwick.

The annual American Economic Journal (AEJ) Best Paper Awards highlight the best paper published in each of the American Economic Journals: Applied Economics, Economic Policy, Macroeconomics, and Microeconomics over the last three years. Nominations are provided by AEA members, and winners are selected by the journals’ Boards of Editors. Complimentary full-text articles are available at https://www.aeaweb.org/about-aea/honors-awards/aej-best-papers.

The transmission of Monetary Policy Shocks” by Silvia Miranda-Agrippino and Giovanni Ricco – 13(3), (pp. 74-107) July 2021

Commonly used instruments for the identification of monetary policy disturbances are likely to combine the true policy shock with information about the state of the economy due to the information disclosed through the policy action. We show that this signaling effect of monetary policy can give rise to the empirical puzzles reported in the literature, and propose a new high-frequency instrument for monetary policy shocks that accounts for informational rigidities. We find that a monetary tightening is unequivocally contractionary, with deterioration of domestic demand, labor and credit market conditions as well as of asset prices and agents’ expectations.

More information on the article: The Transmission of Monetary Policy Shocks

Clément Malgouyres, recipient of the CNRS Bronze Medal 2024


The CNRS Bronze Medal

The CNRS Bronze Medal is an award presented by the French National Center for Scientific Research (Centre national de la recherche scientifique or CNRS). It honors researchers for the originality, quality, and significance of their work, typically within the early years of their career. It represents a significant acknowledgment in the field of scientific research.

Clément Malgouyres, recipient of the 2024 CNRS Bronze Medal

Clément Malgouyres is a research associate at CNRS and an economist at CREST, a member of the Polytechnic Institute of Paris. He is also a research affiliate at the Institute of Public Policy. He defended his thesis in 2016 at the European University Institute.

His work encompasses labor economics, public economics, and international economics. He explores the interactions between public policies and corporate behavior, with a particular focus on business and entrepreneur taxation, as well as the role of companies in labor market dynamics

In a recent article (Bergeaud et al., 2023), Clément and his co-authors investigate the effects of public research on companies’ R&D efforts, comparing the relative effectiveness of various public innovation support policies. Other recent works focus on measuring the progressivity of the tax system, improving the measurement of income and business assets (Bach et al., 2023). Finally, he examines the effectiveness of incentive policies for greening the fleet of passenger vehicles through a bonus/malus system.

References:

  1. From Public Labs to Private Firms: Magnitude and Channels of R&D Spillovers” (with Antonin Bergeaud, Arthur Guillouzouic, and Emeric Henry) – Working Paper
  2. “Do Billionaires Pay Taxes?” (with L. Bach, A. Bozio, and A. Guillouzouic)”

Check the CNRS interview of Clement Malgouyres: https://www.inshs.cnrs.fr/fr/personne/clement-malgouyres

Clément Malgouyres, recipient of the CNRS Bronze Medal 2024


The CNRS Bronze Medal

The CNRS Bronze Medal is an award presented by the French National Center for Scientific Research (Centre national de la recherche scientifique or CNRS). It honors researchers for the originality, quality, and significance of their work, typically within the early years of their career. It represents a significant acknowledgment in the field of scientific research.

Clément Malgouyres, recipient of the 2024 CNRS Bronze Medal

Clément Malgouyres is a research associate at CNRS and an economist at CREST, a member of the Polytechnic Institute of Paris. He is also a research affiliate at the Institute of Public Policy. He defended his thesis in 2016 at the European University Institute.

His work encompasses labor economics, public economics, and international economics. He explores the interactions between public policies and corporate behavior, with a particular focus on business and entrepreneur taxation, as well as the role of companies in labor market dynamics

In a recent article (Bergeaud et al., 2023), Clément and his co-authors investigate the effects of public research on companies’ R&D efforts, comparing the relative effectiveness of various public innovation support policies. Other recent works focus on measuring the progressivity of the tax system, improving the measurement of income and business assets (Bach et al., 2023). Finally, he examines the effectiveness of incentive policies for greening the fleet of passenger vehicles through a bonus/malus system.

References:

  1. From Public Labs to Private Firms: Magnitude and Channels of R&D Spillovers” (with Antonin Bergeaud, Arthur Guillouzouic, and Emeric Henry) – Working Paper
  2. “Do Billionaires Pay Taxes?” (with L. Bach, A. Bozio, and A. Guillouzouic)”

Check the CNRS interview of Clement Malgouyres: https://www.inshs.cnrs.fr/fr/personne/clement-malgouyres

Michele Fabi Receives Best Paper Award at the 2023 International Fintech Research Conference


Michele Fabi, a postdoctoral fellow at CREST-École polytechnique has recently received the Award for the best paper presented at the International Fintech Research Conference, held at Parthenope University of Naples on 2-3 November 2023.

Michele Fabi

Michele Fabi is currently a post-doctoral researcher at CREST-Ecole polytechnique, serving as a member of the Blockchain and Platform Chair—a research initiative dedicated to blockchains and associated technologies.

Broadly speaking, Michele’s research fields are Financial Economics and Microeconomics, with a focus on topics such as fintech, platforms, decentralized and startup finance, blockchain, and the digitalization of money and markets. He is actively involved into a promoting research on these subjects by taking part in the organization of academic activities such as the BlockSem seminar and the Blockchain@X-OMI Workshop on Blockchain and Decentralized Finance.

Finally, Michele obtained his PhD in 2021 from the doctoral program IDEA-UAB (Universitat Autonoma de Barcelona), working with Matthew Ellman as his advisor.

In 2023-2024, Michele is one of CREST’s International Job Market candidate.

2nd International Fintech Research Conference

The International Fintech Research Conference is set to be a vibrant hub for researchers, encouraging cross-disciplinary discussions and collaborations in the expansive field of Fintech. Covering diverse areas, the conference welcomes contributions in theoretical analysis, machine learning applications, cryptocurrencies, cybersecurity, neural networks, smart contracts, and more.

With a focus on cutting-edge topics such as blockchain technologies, big data analysis, and behavioral finance, the event promises to be a dynamic platform for researchers to share insights, engage in discussions, and shape the future of finance and technology.

During this conference, the Organizing Committee establishes a prize for the best paper presented which was awarded, this year, to Michele Fabi for his paper “Blockchain Design with Transmission Delays”.

More information on the Conference: https://www.disaq.uniparthenope.it/fintechlab/international-fintech-research-conference/

Blockchain Design with Transmission Delays

The article investigates the economics of blockchain design. Unlike previous studies, this research introduces a strategic variable for miners: the ability to choose the size of transaction blocks. This departure from the assumption of maximum block capacity provides insights applicable to modern blockchains like Ethereum.

The study makes two key contributions. Firstly, it establishes testable predictions on block size and justifies transaction fees from the perspective of consensus layer incentives. This differs from earlier approaches that focused on application layer incentives. Secondly, the research addresses the limitations of a partial-equilibrium approach found in previous market microstructure papers. By endogenizing token inflation, the model can provide insights into the optimal balance between transaction fees and token inflation.

The paper builds upon prior works in the economics literature on blockchain and cryptocurrencies, pioneered by Chiu and Koeppl (2019) and Pagnotta (2022) among others, incorporating elements of the new monetarist matching models like Choi and Rocheteau (2020). It is also deeply inspired by the computer science literature on blockchain consensus and distributed algorithms (e.g. Pass and Shi, 2017; Ren, 2019), which lays out the methodological and conceptual foundations for the study of miner incentives.

In conclusion, the article sheds light on the economic challenges of blockchain designs, providing valuable insights for both researchers and practitioners in the blockchain space.

To read the full paper: https://drive.google.com/file/d/1VWGl65Mbg5iCSVNWnW3IMZZ1IL4oJuEU/view