Our Blog
-
A comprehensive database of Peruvian Mutual funds
Renato Lazo is a Ph.D. candidate in Finance at the University of Ottawa and Director of Research in Finance at RIEF. Alvaro Garcia is a research assistant of the Asset Pricing Research Initiative of RIEF. Over the past few months, we have been working on a paper that analyzes the interaction between mutual fund…
-
Mapping heat for assessing vulnerabilities in a financial system
Mapping Heat for Assessing Vulnerabilities in a Financial System In this post, I write about one of the seminal papers of Professor David Aikman who has a well-known expertise in the field of macro-prudential policy and financial stability. Specifically, I make a brief description of the methodology in Aikman and others (2017) with respect to…
-
Money in the Digital Age
Digitization has essentially changed the nature of social, economic and informational interconnectedness. In this sense, the financial system undergoes a fundamental change. Thus, for example, fintechs and bigtechs redefine the technological frontier, establishing new categories of business models and forcing banks to adapt to this context. And in parallel, new forms of money and alternative…
-
Experiences at Summer School in Economics and Finance 2021
The Summer School in Economics and Finance (SSEF) 2021 was undoubtedly one of the best academic experiences I have had in my life. Specifically, the course that had the most impact academically and personally was Heterogeneous Agents, one of the relatively new approaches to facing economic problems. It also has opened the door to a…
-
Limits in the link between Macroeconomics and Finance: The asset pricing puzzle
The “.DotCom” crisis of 2001, and the crisis of the “subprime mortgages” of 2008, are just two events that show the impact that financial events have on the real economy. This motivates the research to understand the mechanisms that connect the fluctuations in the price of financial assets with the aggregate macroeconomic variables, such as…
-
The Huggett Model: A model of heterogeneous agents
Currently, studying heterogeneous agents (HA) is a very promising area. The empirical evidence suggests that heterogeneity is relevant and could provide answers related to the welfare questions -crucial in macroeconomics. Additionally, many fundamental macro questions cannot be addressed without touching on the issue of heterogeneity. There are many exciting HA models; however, one of the…
-
Econometrics and Machine Learning: a XXI century dilemma?
Econometrics has been the main toolbox of economists for testing the empirical predictions of theoretical models. However, a topic that has taken into account much attention is the capability to use econometrics models to make future predictions. For example, it is a very well-known fact that the central bank has its inflation targeting regime based…
-
Experiences at SSEF 2021, a summer challenge
My experience at the Summer School in Economics and Finance (SSEF) 2021 was one of the most challenging of my entire academic life. In particular, I would like to share my experience in the Heterogeneous Agents for Asset Pricing and Macroeconomics course. This course was exciting to learn because we usually study the behavior of…
-
How was my experience at the SSEF 2021, and how to survive in it?
How was my experience at the SSEF 2021, and how to survive in it? by Annie Caballero Lazarte My experience in the Summer School in Economics and Finance (SSEF) 2021 was gratifying, challenging, and exciting. In this opportunity, I would like to share my experience with the Intertemporal Macro and Finance course. In my opinion,…