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2009-03-26, 17:30
Program
Please note some useful information for the presentation of your paper:

For the presentation of your paper, please check the detailed program. You will find information about time and location. The official language of the congress is English.

Concerning technical equipment, you will find in each room a PC (with Windows XP and Office XP), and a beamer. We kindly ask you to bring your presentation on a memory stick. In order to technically set up your presentation, please come to the conference room at least 20 minutes before the beginning of your session.

In parallel sessions, your presentation will last maximum 25 minutes (5 minutes for discussion). The last presenter of each parallel session will also act as the session chair.

Friday 26 June 2009
08:30-10:30 Arrival, registration, welcome coffee
10:30-12:30 Parallel sessions A
Session A1: Econometric theory
Chair: Peter Egger, ifo Institute, Munich
Room M R150
Fr 10:30-12:30
Properties of Hierarchical Archimedean Copulas
Yarema Okhrin, University of Bern
Co-authors: Ostap Okhrin, HU Berlin; Wolfgang Schmid, European University Viadrina
Testing for covariate balance using nonparametric quantile regression and resampling methods
Martin Huber, University of St Gallen
Spatial Dynamic Panel Model and System GMM: A Monte Carlo Investigation
Madina Kukenova, University of Neuchatel
Co-author: Jose-Antonio Monteiro, University of Neuchatel
Estimation of Higher-Order Spatial Autoregressive Panel Data Error Component Models
Peter Egger, ifo Institute, Munich
Co-author: Harald Badinger, Wirtschaftsuniversität Wien
Session A2: Gravity I
Chair: Silvio Hong Tiing Tai, University of Geneva
Room M R160
Fr 10:30-12:30
New Evidence for the Linder Hypothesis and the two Extensive Margins of Trade
Claudia Bernasconi, University of Zurich
Terrorism and Trade: Does the Neighbor Hurt?
Jose de Sousa, CES University of Paris 1 and CREM University of Rennes 1
Co-authors: Daniel Mirza, GERCIE-U. Tours, CREM and CEPII; Thierry Verdier, PSE and CEPR
Migrant Networks in Swiss Trade
Pierre-Louis Vézina, Graduate Institute of International and Development Studies
Social Interactions and Trade Outcomes
Silvio Hong Tiing Tai, University of Geneva
Session A3: International trade I
Chair: Raphael Auer, Swiss National Bank
Room M R170
Fr 10:30-12:30
Unemployment in an Interdependent World
Gabriel Felbermayr, University of Hohenheim
Co-authors: Mario Larch, University of Munich and CESifo; Wolfgang Lechthaler, Kiel Institute for the World Economy
International Trade, Growth, and per Capita Income
Andreas Kohler, University of Zurich
Optimal Trade Policy:Home Market Effect vs Terms of Trade Externality
Chiara Forlati, EPFL
Co-authors: Alessia Campolmi, CEU and MNB; Harald Fadinger, University of Vienna
Product Heterogeneity, Trade, and the Dynamics of Industry
Raphael Auer, Swiss National Bank
Session A4: Health Economics
Chair: Marcel Bilger, University of Geneva
Room M 1130
Fr 10:30-12:30
Evaluating a nationwide health intervention using the intention-to-treat framework: An application to Malawi’s ITN distribution program
Eva Deuchert, University of St Gallen
A spatial dynamic approach to the demand for outpatient antibiotics
Karine Moschetti, University of Lugano
Co-authors: Massimo Filippini, University of Lugano; Giuliano Masiero, University of Lugano
Long-run labour market effects of individual sports activities
Michael Lechner, University of St. Gallen
Explaining individual health expenditure in the presence of health insurance: An extended Box-Cox censoring model
Marcel Bilger, University of Geneva
Co-author: Jean-Paul Chaze, University of Geneva
Session A5: Labor economics I
Chair: Dany Jaimovich, Graduate Institute of International and Development Studies
Room M 1140
Fr 10:30-12:30
Are workers with a long commute less productive?
Jos Van Ommeren, Free University Amsterdam
Co-author: Eva Gutiérrez-i-Puigarnau, VU University, Amsterdam
Revisiting "Mothers and Sons": Preference Formation and Female Labor Force in Switzerland
Aline Bütikofer, University of Bern
Hiring Costs and the Firm’s Supply of Training
Marc Blatter, University of Bern
Co-authors: Samuel Muehlemann, University of Bern & IZA Bonn; Samuel Schenker, University of Bern
Who is claiming for Fixed-Term Contracts?
Dany Jaimovich, Graduate Institute of International and Development Studies
Co-author: Carmen Pages-Serra, Inter-American Development Bank
Session A6: Public economics - theory
Chair: Christian Keuschnigg, University of St. Gallen
Room M 1150
Fr 10:30-12:30
Political accountability, incentives, and Contractual design of public private partnerships
Laure Athias, IDHEAP/UNIL
Modelling the folk theorem of spatial economics: a heterogeneous regional growth model
Torben Klarl, University of Augsburg
The cost of tax competition. Insights from a dynamic two-country model
Eva Luthi, Universitat Pompeu Fabra
Corporate Taxation and the Welfare State
Christian Keuschnigg, University of St. Gallen
Session A7: Macroeconomics - fluctuations
Chair: Peter Tillmann, Swiss National Bank
Room M 1160
Fr 10:30-12:30
The unemployment correlation puzzle
Francesco Furlanetto, Norges Bank
Co-author: Tommy Sveen, Norges Bank
Macroeconomic implications of Downward Wage Rigidities
Mirko Abbritti, The Graduate Institute, Geneva and Universidad de Navarra
Co-author: Stephan Fahr, European Central Bank
The changing output-inflation trade-off and the role of the financial sector
Peter Tillmann, Swiss National Bank
Co-author: Barbara Rudolf, Swiss National Bank
Session A8: Financial globalization I
Chair: Cédric Tille, Graduate Institute of International and Development Studies
Room M 1170
Fr 10:30-12:30
The myth of decoupling
Sébastien Wälti, Swiss National Bank
Monetary determinants of the Swiss franc
Carlos Lenz, Swiss National Bank
Co-author: Marcel Savioz, Swiss National Bank Zürich
Financial Reforms and Capital Flows to Emerging Europe
Martin Schmitz, Trinity College Dublin
Where have the Savings gone to? Assessing the Return on Switzerland’s External Assets
Cédric Tille, Graduate Institute of International and Development Studies
Co-author: Nicolas Stoffels, Swiss National Bank
12:30-13:45 Lunch
13:45-15:00 Plenary session Room M R080
Chair: Tobias Müller, University of Geneva
Opening addresses
Bernard Morard, Dean, Faculty of Economic and Social Sciences, University of Geneva
Gebhard Kirchgässner, University of St. Gallen, President of the SSES
Aymo Brunetti, State Secretariat for Economic Affairs SECO, Bern

Keynote address
Trade and the global crisis
Richard Baldwin, Graduate Institute of International and Development Studies, Geneva
15:00-15:15 Coffee break
15:15-16:45 Plenary session (cont’d) Room M R080
Chair: Cédric Tille, Graduate Institute of International and Development Studies
Keynote addresses
A long run view on US external asset position
Hélène Rey, London Business School

Two and a half theories of trade
Peter Neary, Oxford University
16:45-17:15 Coffee break
17:15-18:45 Parallel sessions B
Session B1: Applied econometrics I
Chair: Juan Manuel Tellez, University of Geneva
Room M R150
Fr 17:15-18:45
The Grunfeld Data at 50
Christian Kleiber, University of Basel
Co-author: A. Zeileis, Universität Basel
Social Policy Index: a model-based approach
Juan Manuel Tellez, University of Geneva
Co-author: Jaya Krishnakumar, University of Geneva
Session B2: Gains from variety
Chair: Lukas Mohler, University of Basel
Room M R160
Fr 17:15-18:45
The effect of the Uruguay Round on the Intensive and Extensive Margins of Trade
Ines Buono, Bank of Italy
Co-author: Guy Lalanne, INSEE
Trade openness, gains from variety and government spending
Sandra Hanslin, University of Zurich
Globalization and the Gains from Variety - The Case of a Small Open Economy
Lukas Mohler, University of Basel
Session B3: Political economy of trade
Chair: Michele Ruta, World Trade Organization
Room M R170
Fr 17:15-18:45
On Subsidies in Trade Agreements
Philip Saure, Swiss National Bank
Variety and Democracy in International Trade
Andrea Lassmann, KOF, ETH Zurich
Co-author: Martin Gassebner, ETH Zurich
A political economy theory of subsidy agreements
Michele Ruta, World Trade Organization
Co-author: Daniel Brou, University of Western Ontario
Session B4: Experimental and empirical economics
Chair: Irene Comeig, University of Geneva, University of Valencia and LINEEX
Room M 1130
Fr 17:15-18:45
Do Managers Reciprocate? Field Experimental Evidence From a Competitive Market
Christian Thöni, University of St. Gallen
Co-author: Michel Marechal, University of St. Gallen
Busy boards in a two-tier system: old-boys network or efficient monitoring technology?
Marc Steffen Rapp, Universität Karlsruhe (TH)
Co-authors: Jana Oehmichen, Universität Karlsruhe (TH); Michael Wolff, Universität Karlsruhe (TH)
Moral Hazard and Screening in an Experimental Market
Irene Comeig, University of Geneva, University of Valencia and LINEEX
Co-authors: C. Monica Capra, Emory University, USA; Matilde O. Fernandez, University of Valencia, Spain
Session B5: Labor economics II
Chair: Spyros Arvanitis, KOF, ETH Zurich
Room M 1140
Fr 17:15-18:45
Optimal Size and Intensity of Job Search Assistance Programs
Evelyn Ribi, University of St. Gallen
Optimal Monitoring and Sanction Systems
Conny Wunsch, University of St. Gallen
Are Firm Innovativeness and Firm Age Relevant for the Supply of Vocational Training? – A Study Based on Swiss Micro Data
Spyros Arvanitis, KOF, ETH Zurich
Session B6: Finance and Banking
Chair: Aude Pommeret, IREGE and HEC Lausanne
Room M 1150
Fr 17:15-18:45
A Financial Model of the Firm: Risk and Portfolio Selection
Marc Santugini, HEC Montreal
Co-author: Leonard J. Mirman, University of Virginia
Banking: A Mechanism Design Approach
Cyril Monnet, Federal Reserve Bank of Philadelphia
Co-authors: Fabrizio Mattesini, University of Rome Tor-Vergata; Randall Wright, University of Pennsylvania
Bankruptcy law and firms' behavior
Aude Pommeret, IREGE and HEC Lausanne
Co-author: Anne Epaulard, Université Paris Dauphine and Cepremap
Session B7: Macroeconomics - growth
Chair: Martin Strieborny, University of Lausanne
Room M 1160
Fr 17:15-18:45
Convergence, capital accumulation and the nominal exchange rate
Istvan Konya, Magyar Nemzeti Bank and Central European University
Co-author: Peter Benczur, Magyar Nemzeti Bank and Central European University
Spatial Convergence of Regions Revisited: A Spatial Maximum Likelihood Systems Approach
Michael Pfaffermayr, University of Innsbruck
Contract-Intensive Industries: Does Finance Matter
Martin Strieborny, University of Lausanne
Co-author: Kukenova Madina, University of Lausanne
Session B8: Social aspects of globalization
Chair: Marco Fugazza, UNCTAD
Room M 1170
Fr 17:15-18:45
Globalization and Protection of Employment
Frank Somogyi, KOF, ETH Zurich
Co-author: Justina A. V. Fischer, OECD
The impact of globalization and corruption on extraordinary wealth: an empirical analysis
Marco Piatti, Queensland University of Technology
Co-author: Benno Torgler, Queensland University of Technology
Trade Liberalisation and Informality: New stylized facts
Marco Fugazza, UNCTAD
Co-author: Norbert Fiess, The World Bank and University of Glasgow
20:00 Conference dinner (Restaurant du Parc des Eaux-Vives)
Saturday 27 June 2009
08.30-09.00 SSES General Assembly Room M R080
09.00-11.00 Parallel sessions C
Session C1: Applied econometrics II
Chair: Urs von Arx, ETH Zurich
Room M R150
Sa 09.00-11.00
Stochastic Volatility and Jumps: Exponentially Affine Yes or No? An Empirical Analysis of S&P500 Dynamics
Norman Seeger, Goethe University Frankfurt
Co-authors: Katja Ignatieva, Goethe University Frankfurt; Paulo Rodrigues, Goethe University Frankfurt
Evaluating Short-Run Forecasting Properties of the KOF Employment Barometer for Switzerland in Real Time
Boriss Siliverstovs, KOF, ETH Zurich
The Effect of Corporate Social Responsibility on Stock Performance: New Evidence for the USA and Europe
Urs von Arx, ETH Zurich
Co-author: Andreas Ziegler, University of Zurich
Statistical Analysis of Broadcasters Data: A Model for Zero-Inflated and Heavy-Tailed Data
Dominique-Laurent Couturier, University of Geneva
Co-author: Maria-Pia Victoria-Feser, University of Geneva
Session C2: International trade II
Chair: Christoph Sax, University of Basel
Room M R160
Sa 09.00-11.00
Productivity, contractibility and the sourcing modes of multinational firms: evidence from French firm-level data
Farid Toubal, University of Angers, PSE and CEPII
Co-author: Fabrice Defever, University of Nottingham
Learning by exporting: which channels? An empirical analysis for Turkey
Daniela Maggioni, Università Politecnica delle Marche
Does Export Concentration Cause Volatility?
Christian Busch, KOF, ETH Zurich
How to Explain the High Prices in Switzerland?
Christoph Sax, University of Basel
Co-author: Rolf Weder, University of Basel
Session C3: Trade and development
Chair: Joerg Mayer, UNCTAD
Room M R170
Sa 09.00-11.00
Trade, Aid, Remittances and Migration
Sule Akkoyunlu, University of Zurich
The extent of China's pharmaceutical exports sensitivity to Africa's intellectual property protection and market capacity
Omar Da'ar, World Trade Organization
Has China de-industrialised other developing countries?
Joerg Mayer, UNCTAD
Co-author: Adrian Wood, Queen Elizabeth House, Oxford
Session C4: Microeconomics - theory
Chair: Dennis Gärtner, University of Zürich
Room M 1130
Sa 09.00-11.00
Signaling in Auctions among Competitors
Cédric Wasser, Humboldt-Universität zu Berlin
Co-author: Benedikt von Scarpatetti, University of Basel
Where ignorance is bliss, 'tis folly to be wise - the value of information in contests
Philipp Denter, University of St. Gallen
Co-author: Dana Sisak, University of St.Gallen
Accumulating success - a model of dynamic contests with a fixed endpoint
Dana Sisak, University of St. Gallen
Co-author: Philipp Denter, University of St.Gallen
Making Sense of Non-Binding Retail-Price Recommendations
Dennis Gärtner, University of Zürich
Co-author: Stefan Buehler, University of St.Gallen
Session C5: Environmental economics
Chair: Simon Luechinger, London School of Economics
Room M 1140
Sa 09.00-11.00
Sustainability, neutrality and beyond in the framework of Swiss post-2012
André Sceia, EPFL
Co-authors: Juan-Carlos Altamirano-Cabrera, EPFL; Thorsten F. Schulz, PSI; Marc Vielle, EPFL
Risk Aversion and Willingness to Pay for Energy Efficient Systems in Rental Apartments
Mehdi Farsi, ETH Zurich
Unilateral climate policy and optimal containment in an open economy
Frank Krysiak, University of Basel
Co-author: Stefan Csordàs
Air Pollution and Infant Mortality: A Natural Experiment from Power Plant Desulfurization
Simon Luechinger, London School of Economics
Session C6: Macroeconomics - empirical I
Chair: Michael Lamla, ETH Zürich
Room M 1150
Sa 09.00-11.00
What drives the regional integration of equity markets?
Chee Wooi Hooy, Universiti Sains Malaysia
Co-author: Goh Kim Leng, University of Malaya
Estimating a stock-flow model for the Swiss housing market
Elizabeth Steiner, Swiss National Bank
The Euro Cash Changeover, Inflation Perceptions and the Media
Michael Lamla, ETH Zürich
Co-author: Sarah M. Lein, Swiss National Bank Zürich
Session C7: Exchange rates
Chair: Peter Kugler, University of Basel
Room M 1160
Sa 09.00-11.00
Limits of Floats: The Role of Foreign Curreny Debt and Import Structure
Pascal Towbin, Graduate Institute of International and Development Studies
Co-author: Sebastian Weber, Graduate Institute of International and Development Studies
The Impact of Fixed Exchange Rates on Fiscal Discipline
Makram El-Shagi, Universität Mannheim
External Adjustments and Coordinated Exchange Rate Policy in Asia
Kentaro Iwatsubo, Kobe University
Co-author: Eiji Ogawa, Hitotsubashi University
Financial Market Integration in the Early Modern Period in Spain: Results from Threshold Error Correction Model
Peter Kugler, University of Basel
Co-author: Peter Bernholz, Universität Basel
11.00-11.30 Coffee break
11.30-13.30 Parallel sessions D
Session D1: Productivity
Chair: Patrick Gaulé, EPFL
Room M R150
Sa 11.30-13.30
The impact of introducing new products on firm productivity
Martin Gornig, DIW Berlin
Co-authors: Bernd Görzig, DIW Berlin; Axel Werwatz, TU Berlin
What Determines Local Governments' Technical Efficiency? The Case of Road Maintenance
Alexander Kalb, Centre for European Economic Research (ZEW)
Technology proximity between firms and universities, firm size, and technology transfer
Martin Woerter, KOF, ETH Zurich
Getting cited: does open access help?
Patrick Gaulé, EPFL
Co-author: Nicolas Maystre, DESA United Nations
Session D2: Gravity II
Chair: Benjamin Jung, University of Hohenheim
Room M R160
Sa 11.30-13.30
Bilateral Investment Treaties and FDI: correlation verus Causation
Emma Aisbett, Australian National University
Does Gravity Apply to Intangibles? Measuring Openness in Services
Julia Wörz, Oesterreichische Nationalbank
Co-authors: Joseph Francois, Johannes Kepler University Linz and CEPR; Bernard Hoekman, World Bank and CEPR
The Space of Gravity: Spatial Filtering Estimation of a Gravity Model for Bilateral Trade
Roberto Patuelli, University of Lugano
Co-authors: Gert-Jan Linders, VU University Amsterdam ; Daniel A Griffith, University of Texas at Dallas
On the Importance of Adjustment Dynamics For Bilateral Trade Flows
Benjamin Jung, University of Hohenheim
Session D3: Migration
Chair: I-Ling Shen, University of Geneva
Room M R170
Sa 11.30-13.30
Location matters: Estimating cluster premiums for prominent modern artists
Christiane Hellmanzik, Trinity College Dublin
Are skilled women more migratory than skilled men?
Sara Salomone, Université catholique de Louvain and Tor Vergata University
Co-authors: Frederic Docquier, Catholic University of Louvain; Abdeslam Marfouk, ULB; Khalid Sekkat, ULB
The Brain Drain and the World Distribution of Income and Population
Andrew Mountford, Royal Holloway, University of London
Co-author: Hillel Rapoport, Bar-Ilan University
Brain drain in globalization: A general equilibrium analysis from the sending countries’ perspective
I-Ling Shen, University of Geneva
Co-authors: Frederic Docquier, Catholic University of Louvain; Luca Marchiori, Catholic University of Louvain
Session D4: Public economics - empirical
Chair: Mario Jametti, Università della Svizzera italiana
Room M 1130
Sa 11.30-13.30
Do wages rise when corporate tax rates fall? Difference-in-Differences Analyses of the German Business Tax Reform 2000
Nils aus dem Moore, RWI Essen, Büro Berlin
Co-author: Tanja Kasten, RWI Essen, Berlin Office
Family Income Splitting and the Number of Children
Doina Radulescu, University of Munich
Co-author: Peter Egger, University of Munich
The Role of the Annuity’s Value on the Decision (Not) to Annuitize: Evidence from a Large Policy Change
Stefan Staubli, University of St. Gallen
Pension Benefit Insurance and Pension Plan Portfolio Choice
Mario Jametti, Università della Svizzera italiana
Co-author: Thomas Crossley, University of Cambridge
Session D5: Political economy
Chair: Reiner Wolff, University of Fribourg
Room M 1140
Sa 11.30-13.30
Secessionist and Centrist Conflicts: the Role of Natural Resource Rents
Dominic Rohner, University of Zurich
Co-author: Massimo Morelli, Columbia University
A culture of budget deficits
Signe Krogstrup, Swiss National Bank
Co-author: Sébastien Wälti, Swiss National Bank
Bureaucrats in Parliament: Theory and Evidence on Its Determinants in Germany
Thomas Brändle, University of Basel
Co-author: Alois Stutzer, University of Basel
Consistent Allocation of Cabinet Seats: The Swiss Magic Formula
Reiner Wolff, University of Fribourg
Co-author: Yavuz Karagök, Swiss Federal Statistical Office, Neuchâtel
Session D6: Macroeconomics - empirical II
Chair: Daniel Kaufmann, Swiss National Bank
Room M 1150
Sa 11.30-13.30
Optimal Exchange-Rate Targeting with Large Labor Unions
Vincenzo Cuciniello, EPFL
Co-author: Luisa Lambertini, EPFL
The NAICU and the Phillips Curve - An Approach Based on Micro Data
Eva Köberl, KOF, ETH Zurich
Co-author: Sarah M. Lein, Swiss National Bank Zürich
Capacity Utilisation, Constraints and Price Adjustments under the Microscope
Sarah Lein, Swiss National Bank
Co-author: Eva Koberl, KOF, ETH Zurich
The Timing of Price Changes and the Role of Unobserved Heterogeneity
Daniel Kaufmann, Swiss National Bank
Session D7: Monetary policy
Chair: Petra Gerlach-Kristen, Swiss National Bank
Room M 1160
Sa 11.30-13.30
Is central bank communication really informative when forecasting interest rate decisions? New evidence based on a Taylor rule model for the ECB
Jan-Egbert Sturm, KOF, ETH Zurich
Co-author: Jakob de Haan, University of Groningen
Central bank policy rate guidance and financial market functioning
Richhild Moessner, Bank for International Settlements
Co-author: William Nelson, Bank for International Settlement
Financial Structure and the Impact of Monetary Policy on Asset Prices
Katrin Assenmacher, Swiss National Bank
Co-author: Stefan Gerlach, Goethe University, Frankfurt
Macroeconomic and interest rate volatility under alternative monetary policy frameworks
Petra Gerlach-Kristen, Swiss National Bank
Co-author: Barbara Rudolf, Swiss National Bank
Session D8: Financial globalization II
Chair: Torben Hendricks, University of Duisburg-Essen
Room M 1170
Sa 11.30-13.30
Globalization and Asset Prices: Which Trade-Offs Do Central Banks Face in Small Open Economies?
Rolf Knütter, University of Hagen
Co-author: Helmut Wagner, University of Hagen
Where Do the Newest EU Member States Stand on the Road to Monetary Integration?
Elena Bojesteanu, Bucharest University of Economics
Co-author: Gabriel Bobeica, Bucharest University of Economics
Global Liquidity and Commodity Prices – A Cointegrated VAR Approach for OECD Countries
Torben Hendricks, University of Duisburg-Essen
Co-authors: Ansgar Belke, University of Duisburg-Essen and IZA Bonn; Ingo G. Bordon, University of Duisburg-Essen
13:30-14:30 Lunch (Uni Mail)
14:30 End of the conference