Macro seminar Time : 12h15 - 13h30 Date : 27 November 2023 Salle 3001 FABI Michele (CREST) "Blockchain design with transmission delays" Abstract: I develop a parsimonious model of blockchain consensus with transmission delays. I characterize the optimal reward mechanism for miners, showing that it includes both seigniorage from token emissions and transaction fees. Seigniorage […]

Macro seminar Time : 12h15 - 13h30 Date : 04 Décembre 2023 Salle 3001   Sophocles MAVROEIDIS (Oxford) "Testing the effectiveness of unconventional monetary policy in Japan and the United States" Abstract:  irrelevant. We develop a theoretical model that underpins our empirical test of this irrelevance hypothesis based on the simple idea that under the […]