@phbacche, @KenzaBenhima, and @BertholdBrendan examine the welfare cost of FX reserves in a small open economy where international arbitrage is driven by global financial intermediaries. This cost can be negative for safe-haven currencies.
https://t.co/yJzoKxHAZj
#REStud#EconX
@phbacche@KenzaBenhima@kalantzis@M_Phillot Monetary policy is key to shaping international spillovers of asset market shocks. Outside the ELB, foreign shocks — such as a drop in investment opportunities — can boost domestic growth. At the ELB, the same shocks lead to currency appreciation, disinflation, and even recession
New at JIE: "The international transmission of asset market shocks in liquidity traps" by Philippe Bacchetta (@phbacche), Kenza Benhima (@KenzaBenhima), Yannick Kalantzis (@kalantzis), Maxime Phillot (@M_Phillot)
https://t.co/CDtG6TaxBq
📢 Call for Papers – PhD Macroeconomics Conference
(1/3) We invite PhD students/postdocs to submit work in macro (theoretical & empirical) for a 2-day conf. in Lausanne (Dec 4–5th, 2025) with 12 talks, meals & dinner included.
🔗 https://t.co/YUMndllfOS
Under limited coverage-interest parity (CIP) arbitrage the exchange rate and CIP deviation are jointly determined by an equilibrium in the FX spot and swap markets, from @phbacche, J. Scott Davis, and Eric van Wincoop https://t.co/x1v0PU2wqM
🌟 Don't miss out! Tomorrow marks the exceptional conference, "Towards an Equitable Future: #Economy, #Climate, and #Poverty" featuring #NobelLaureate Esther Duflo at @heclausanne 🌟open to the public🌟 registration required
👉Event details: https://t.co/ABug9yhVM1
The latest on Dallas Fed Economics takes a look at how arbitrage limits heighten dollar shortages abroad during volatile times. https://t.co/AdLkagJ4zk
New CEPR Discussion Paper - DP18648
Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar
Philippe Bacchetta @phbacche@heclausanne@unil @SFI_CH, J. Scott Davis @DallasFed, Eric van Wincoop @UVA@UVAEcon
https://t.co/8kfs2SdEAv
#CEPR_IMF
Developing a model to show how segmentation of US dollar funding markets since 2007 can explain covered interest parity deviations and an appreciation of the dollar at times of higher risk, from @phbacche, J. Scott Davis, and Eric van Wincoop https://t.co/uaxOPaD70y
📢Academic job openings📢
Two tenure-track Assistant Professorships, in
- Public Economics
👉https://t.co/CYrpEWwKSa
- Macroeconomics
👉https://t.co/qUgZcw3g4N
...within an active and collegial department, at one of the nicest places on 🌍.
@HECLausanneEcon@heclausanne@unil
🥳🥳🥳 and also this year a fantastic line-up of speakers for the Salento Macro Meeting !!! 💪💪💪
program: https://t.co/4eBlJNGiyr
Philippe Bacchetta kicks-off with "Exchange rate interventions with UIO and CIP deviations"
✨ Meet the professors of the HEC Lausanne, Department of Economics!
🔍 Use the following link to discover their cutting-edge research projects and gain valuable insights into their areas of expertise: https://t.co/vGkyN7jDKH
#HECLausanne#EconomicsDepartment#Research