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DTSTART;TZID=America/Los_Angeles:20260113T134000
DTEND;TZID=America/Los_Angeles:20260113T150000
DTSTAMP:20260427T133654
CREATED:20251211T224403Z
LAST-MODIFIED:20251219T220255Z
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SUMMARY:Macroeconomics & International Finance Seminar Series Presents: Dean Corbae
DESCRIPTION:Macroeconomics and International Finance Seminar\nDate: Tuesday\, January 13\, 2026\nTime: 1:40-3:00 p.m.\nLocation: E2-499\n\n \n\nSpeaker: Dean Corbae\nTitle: William Sellery Trukenbrod Chair in Finance\nAffiliation: University of Wisconsin – Madison\nHost: Grace Gu Steadmon\n \nSeminar title:  A Quantitative Model of Bank Merger Dynamics\n \n\nABSTRACT: \nWe develop a simple model of the bank merger process to study the rise in bank concentration following the deregulation of bank branching in the Riegle-Neal Act of 1994. Motivated by the data where currently 10 (dominant) banks have over 55 percent of the U.S. deposit market share while the remaining over 4000 (fringe) banks cover the rest\, we apply a dominant-fringe framework with a merger stage to model the rise in concentration following the change in regulation making interstate branching possible. First\, we study the effect of the merger wave on competition\, efficiency\, and stability of the banking industry. Then we use our model to understand the interaction between regulatory and monetary policy. Specifically\, how has the bank lending channel of monetary policy been affected by rising concentration; has it amplified or dampened the effectiveness of monetary policy? How might monetary policy itself contribute to mergers and rising concentration?
URL:https://events.ucsc.edu/event/macroeconomics-international-finance-seminar-series-presents-dean-corbae/
LOCATION:Engineering 2\, Engineering 2 1156 High Street\, Santa Cruz\, CA\, 95064
CATEGORIES:Seminars
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DTSTART;TZID=America/Los_Angeles:20260115T014000
DTEND;TZID=America/Los_Angeles:20260115T014000
DTSTAMP:20260427T133654
CREATED:20251211T212236Z
LAST-MODIFIED:20251219T220029Z
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SUMMARY:Applied Microeconomics and Trade Seminar Series Presents: Olivia Bordeu
DESCRIPTION:Applied Microeconomics and Trade Seminar\nDate: Thursday\, January 15\, 2026\nTime: 1:40 – 3:00 p.m.\nLocation: E2-499\n\n \n\nSpeaker: Olivia Bordeu \nTitle: Assistant Professor of Economics \nAffiliation: University of California\, Berkeley  \nHost: Jeremy West \nSeminar title: Bank Branches and the Allocation of Capital across Cities\n\nABSTRACT: We study how banking market structure and branch networks shape the spatial mobility of capital. Using administrative loan-level data from Chile\, we show that bank-level deposit shocks lead receiving banks to increase lending and lower interest rates relative to other banks. Interest rate reductions are concentrated in cities where the bank has a small market share\, consistent with local market power. We develop and estimate a quantitative spatial model with multi-city banks\, oligopolistic local credit markets\, and frictions in interbank lending. These channels lead to spatial dispersion in interest rates and the marginal productivity of physical capital\, reducing GDP. Interbank frictions reduce steady-state GDP by 0.04%\, while spatial variation in loan markups reduces GDP by 0.5%. Bank mergers improve financial integration between cities but reduce competition\, generating heterogeneous welfare effects that depend on the merging banks’ geographic overlap.
URL:https://events.ucsc.edu/event/applied-microeconomics-and-trade-seminar-series-presents-olivia-bordeu/
LOCATION:Engineering 2\, Engineering 2 1156 High Street\, Santa Cruz\, CA\, 95064
CATEGORIES:Seminars
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DTSTART;TZID=America/Los_Angeles:20260120T134000
DTEND;TZID=America/Los_Angeles:20260120T150000
DTSTAMP:20260427T133654
CREATED:20251211T224823Z
LAST-MODIFIED:20260108T184635Z
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SUMMARY:Behavioral\, Econometrics and Theory Seminar Series Presents: Roberto Corrao
DESCRIPTION:Economics Behavioral\, Econometrics\, & Theory Seminar\nDate: Tuesday\, January 20\, 2026\nTime: 1:40-3:00 p.m.\nLocation: E2-499\n\n \n\nSpeaker: Roberto Corrao\nTitle:  Assistant Professor of Economics \nAffiliation:  Stanford University\nHost: Gerelt Tserenjigmid\n \nSeminar title: Contractibility Design\n \nABSTRACT: \nWe introduce a model of incentive contracting in which the principal\, in addition to\nwriting contracts\, must engage in contractibility design: creating an evidence structure\nthat allows them to prove when the agent has breached the contract. Designing an\nevidence structure entails both (i) front-end costs borne ex ante\, such as those of\ndrafting contracts\, and (ii) back-end costs borne ex post\, such as those of generating\nevidence. We find that\, under even small front-end costs\, optimal contracts are coarse\,\nspecifying finitely many contingencies out of a continuum of possibilities. In contrast\,\nunder even large back-end costs\, optimal contracts are complete. Applied to the design\nof procurement contracts\, our results rationalize: (i) the discreteness of contracts\, (ii)\nthe presence of similarly vague contracts in low-stakes and high-stakes settings\, and\n(iii) the discontinuous adjustment of contracts to changes in the economic environment.
URL:https://events.ucsc.edu/event/behavioral-econometrics-and-theory-seminar-series-presents-roberto-corrao/
LOCATION:Engineering 2\, Engineering 2 1156 High Street\, Santa Cruz\, CA\, 95064
CATEGORIES:Seminars
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DTSTART;TZID=America/Los_Angeles:20260122T014000
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SUMMARY:Applied Microeconomics and Trade Seminar Series Presents: Guo Xu
DESCRIPTION:Applied Microeconomics and Trade Seminar\nDate: Thursday\, January 22\, 2026\nTime: 1:40 – 3:00 p.m.\nLocation: E2-499\n\n \n\nSpeaker: Guo Xu\nTitle: Associate Professor of Economics \nAffiliation: University of California\, Berkeley  \nHost: Ajay Shenoy \n  \nSeminar title: Personnel is Policy: Delegation and Political Misalignment in the Rulemaking Process\n\nABSTRACT: We combine comprehensive data on the U.S. federal rulemaking process with individuallevel personnel and voter registration records to study the consequences of partisan misalignment between regulators and the president. We present three main results. First\, even important pieces of new regulation are frequently delegated to bureaucrats who are politically misaligned. Second\, rules that are overseen by misaligned regulators take systematically longer to complete\, are more verbose\, generate more negative feedback from the public\, and are more likely to be challenged in court. Third\, in assigning regulators to rules\, agency leaders often face a sharp tradeoff between political alignment and expertise. Agency frictions notwithstanding\, they tend to resolve this tradeoff in favor of expertise.
URL:https://events.ucsc.edu/event/applied-microeconomics-and-trade-seminar-series-presents-guo-xu/
LOCATION:Engineering 2\, Engineering 2 1156 High Street\, Santa Cruz\, CA\, 95064
CATEGORIES:Seminars
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DTSTART;TZID=America/Los_Angeles:20260129T110000
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SUMMARY:Business\, Arts\, Social Sciences\, Humanities Career & Internship Fair
DESCRIPTION:Undergraduate and graduate students and recent alumni interested in pursuing careers in business\, arts\, social sciences & humanities industries are welcome to attend. Get the chance to meet recruiters from many industries/firms seeking to fill internship\, full-time\, and part-time roles. Come take essential steps toward laying the foundation for your future career and potentially even land an interview! \nCurious about how to best prepare for the fair? \n1. Research the organization \nIdentify the top 3-5 companies you are interested in\, but remember to be open to different companies you may not have heard of because they may be a startup or business-to-business organization that doesn’t directly serve consumers. \nDo your research by reviewing company websites. Look for their mission\, values\, location\, and the type of available opportunities (e.g.\, internships\, full-time positions\, etc.). Company representatives are impressed by potential candidates who take the time to do this! \n2. Prepare your introduction and questions \nReflect on what it is about each company that resonates with you. Perhaps it’s the specific technology they’re developing\, the research they’re leading\, or the world problem they’re trying to solve. What relevant experiences do you have? How can you be of service to that organization? Exercise critical thinking skills to develop questions to ask recruiters and hiring managers. \n3. Dress with confidence \nEach industry and each company has different work attire expectations and organizational culture. Do your research\, ask mentors in advance for advice\, and dress to impress! \nPLEASE NOTE: You are encouraged to check in at the student registration table in order to participate in the career fair. Bring your student ID. \nWant more support? \n\nVisit a peer coach during drop-in hours\nSchedule a career coaching appointment with a Career Engagement Specialist\nFor PhD students looking to pursue careers in industry\, explore Beyond the Professoriate\n(Scroll over “Login to Platform” at the top navigation bar and click “Through your institution”)\nStay in the loop by following Career Success on Instagram\n\nYou will receive registration and additional information in your email from Career Success via Handshake. Please make sure to check your junk/spam folder if you are not receiving any communication.\n\n \nYou Belong Here: The programs and services described here are open to all\, consistent with state and federal law\, as well as the University of California’s nondiscrimination policies. Every initiative—whether a student service\, faculty program\, or community event—is designed to be accessible\, inclusive\, and respectful of all identities. \nTo learn more\, please visit UC Nondiscrimination Statement or Nondiscrimination Policy for UC Publications. \n\nQuestions? Send to csuccess@ucsc.edu or visit Career Success at Hahn 125 East Entrance\nNeed accessibility support? Let us know at slugtalent@ucsc.edu at least two weeks prior to the fair date. \n  \nCareer fair registrations are made without endorsement\, direct or implied\, by Career Success or UCSC. Career Success educates students about various opportunities and ensures equity of access to campus recruiting activities for all employers who abide by our Employer Policies. Individual students are encouraged to determine which employers align with their diverse talents\, values\, and interests.
URL:https://events.ucsc.edu/event/bassh-career-internship-fair/
LOCATION:Stevenson Event Center\, Stevenson Service Road\, Santa Cruz\, CA\, 95064
CATEGORIES:Meetings & Conferences
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