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DTSTART;TZID=America/New_York:20251002T120000
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SUMMARY:Economics Seminar: Mehedi Hasan Oni
DESCRIPTION:Department of Economics hosts our first Department Seminar this Fall. Our new colleague\, Oni\, will introduce us to his work. See the link for his draft. \n\n\n\nTime and place: Thursday\, Oct 2\, 12-1:15 pm\, JC 118 \n\n\n\nTitle: Commuting\, Home Utilities\, and Production: The Distributional Effects of Energy Price Shocks \n\n\n\nAbstract: Energy price shocks are large and persistent relative to other price shocks. How do these shocks affect households across income groups? To quantify the welfare effects of energy price shocks\, I develop a heterogeneous-agent incomplete market model featuring non-homothetic consumption preferences\, commuting costs\, and energy as a factor of production for non-energy goods\, taking the energy price as exogenous. A calibrated version of the model successfully reproduces many salient features of United States data\, including the cross-sectional distributions of employment\, income\, wealth\, and expenditure shares on energy consumption for both commuting and residential utilities. Quantitatively\, I find that a positive energy price shock similar to the one in 2021 results in disproportionate welfare losses across income groups\, with the bottom quintile losing almost twice as much as the top quintile in terms of consumption on impact. While the shock’s direct impact on consumption dominates for low-income households\, high-income households are mainly affected through changes in wage and rental rate. I also show that between work-from-home and targeted transfers\, the former boosts welfare but widens consumption inequality\, while the latter does the opposite.
URL:https://www.clarku.edu/events/event/economics-seminar-mehedi-hasan-oni/
LOCATION:JC 118
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20251016T120000
DTEND;TZID=America/New_York:20251016T133000
DTSTAMP:20260405T124530
CREATED:20251012T142607Z
LAST-MODIFIED:20251012T144924Z
UID:10001233-1760616000-1760621400@www.clarku.edu
SUMMARY:Economics Society Social Exchange
DESCRIPTION:The Economics Society\, a student-led organization that fosters a community for students interested in the study and application of economics\, will host the first social event for the academic year 2025-2026. This time\, we invite all introductory class students to meet and connect with older economics students: ask questions about pursuing a major in economics at Clark\, get course recommendations from other students\, and meet fellow students in economics classes! We provide free pizza and drinks!  \n\n\n\nYou do NOT need to be a declared economics major to participate. Any and all students in economics are welcome!
URL:https://www.clarku.edu/events/event/economics-society-social-exchange/
LOCATION:JC218
CATEGORIES:Education/Social Sciences,Environment/Sustainability
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20251016T120000
DTEND;TZID=America/New_York:20251016T133000
DTSTAMP:20260405T124530
CREATED:20251012T152847Z
LAST-MODIFIED:20251013T212815Z
UID:10001235-1760616000-1760621400@www.clarku.edu
SUMMARY:Economics Department Seminar: Balázs Zélity (Wesleyan University)
DESCRIPTION:Date: October 16\, 2025\, 12 – 1:30 pm \n\n\n\nRoom: JC118 \n\n\n\nSpeaker: Balázs Zélity (Wesleyan University) \n\n\n\nTitle: Demographics and International Capital Flows: An Empirical Assessment \n\n\n\nAbstract: This paper empirically investigates whether shifts in demographic structure have an impact on cross-border capital flows. Country-level panel data with global coverage is utilised in fixed effects regressions. Demographic variables are instrumented by their predicted values\, which are calculated using a shift-share methodology. Local projections estimates complement the results with a dynamic perspective. The main finding is that there is a persistent positive relationship between a country’s mean age and its current and financial account balance — suggesting that population ageing increases net capital outflows. The mechanisms for this result are investigated by decomposing the current and financial accounts into their components as well as exploring what dimension of a country’s population age structure matter the most. \n\n\n\nContact: Kensuke Suzuki\, Assistant Professor of Economics\, KSuzuki@clarku.edu
URL:https://www.clarku.edu/events/event/economics-department-seminar-balazs-zelity-wesleyan-university/
LOCATION:JC 118
CATEGORIES:Education/Social Sciences,Environment/Sustainability
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