Annual Research Conference of the CASFI
The Annual Research Conference of the Center for Advanced Studies "Finance and Inequality" (CASFI) is pleased to announce its annual research conference to be held on August 28 and 29, 2025.
This two-day event will bring together leading scholars to discuss recent advances in the field. The center’s aim is to fruitfully foster the exchange of scholars in economic and financial history and in macroeconomics working on the link between finance and inequality.
We are especially pleased that three CASFI Fellows will take on roles as session chairs: Sergio de Ferra will lead Session 3 on Friday morning, Federica Romei will chair Session 4 late morning, and John D. Turner will guide Session 5 in the afternoon.
Date
Thursday, August 28, 2025
12:30 pm - 10:00 pm
Friday, August 29, 2025
8:30 am - 4:30 pm
Agenda
12:30 – 1:30 pm
Welcome lunch and registration
Session 1 - Chair: Christian Bayer
1:30 – 2:10 pm
Andrej Mijakovic (European University Institute)
Income Inequality and the Rise of Risky Capital
2:10 – 2:50 pm
Mojtaba Hayati (University of Zurich and Swiss Finance Institute)
Scale-Dependent Returns or Dynamics of the Interest Rate?
2:50 – 3:20 pm
Coffee break
Session 2 - Chair: Carsten Burhop
3:20 – 4:00 pm
Christian Bayer (University of Bonn)
Unequal lives — Heterogeneity in Income Risk and Household Portfolios (joint work with Sebastian Hildebrand, Thomas Hintermaier, Gasper Ploj, Moritz Kuhn)
4:00 – 4:40 pm
Ali Coşkun Tunçer (University College London)
Stock Market Development and Financial Integration in the Ottoman Empire and Egypt, 1870–1914
4:40 – 4:50 pm
Short break
4:50 – 5:30 pm
Thomas Rieger (DIW Berlin/SOEP, FU Berlin), Charlotte Bartels (University of Leipzig, SOEP, CEPR, CESifo)
Spatial Income Inequality in Germany, 1957–2020
7:00 – 10:00 pm
Conference Dinner
Session 3 - Chair: Sergio de Ferra
08:30 – 09:10 am
Anna Pestova (Toulouse Business School), Alexander Popov (European Central Bank and CEPR)
Back to School When Times are Bad? The Role of Housing Wealth
09:10 – 09:30 am
Coffee break
09:30 – 10:10 am
Zheng Gong (University of Bonn)
When does Household Heterogeneity Matter for Aggregate Fluctuations?
10:10 – 10:50 am
Stéphane Dupraz (Banque de France), Anna Rogantini Picco (European Central Bank)
Fiscal Requirements for Price Stability When Households are not Ricardian
10:50 – 11:10 am
Coffee break
Session 4 - Chair: Federica Romei
11:10 – 11:50 am
Charles Brendon (University of Cambridge and Toulouse School of Economics), Christian Hellwig (Toulouse School of Economics and CEPR), Gerard Maideu Morera (Toulouse School of Economics)
Subsidising Self-Insurance
11:50 am – 12:30 pm
Maria Frech (Toulouse School of Economics), Marta Cota (Nova SBE), Marta Morazzoni (University College London, CEPR and Institute for Fiscal Studies), Michael Tallent (University College London)
Gender Differences in Savings Over the Life-Cycle: The Role of Financial Literacy
12:30 – 1:30 pm
Lunch break
Session 5 - Chair: John D. Turner
1:30 – 2:10 pm
Mehran Ebrahimian (Stockholm School of Economics), Paolo Sodini (Stockholm School of Economics and CEPR)
More than Money: The Role of Preferences on Wealth Mobility
2:10 – 2:50 pm
Giulio Fella (Queen Mary University of London, University of Bologna, CFM and IFS), Martin B. Holm (University of Oslo), Thomas M. Pugh (Bank of Canada)
Saving after Retirement and Preferences for Residual Wealth
2:50 – 3:10 pm
Coffee break
Session 6 - Chair: Christian Bayer
3:10 – 3:50 pm
Ralph Luetticke (University of Tübingen and CEPR), Timothy Meyer (University of Bonn and Kiel Institute), Gernot J. Müller (University of Tübingen, CEPR, and CESifo), Moritz Schularick (Kiel Institute, Sciences Po, and CEPR)
The Great Leveler According to HANK
3:50 – 4:30 pm
Timo Stieglitz (HU Berlin), Thilo N. H. Albers (University of Münster), Felix Kersting (HU Berlin)
The Kuznets Curve with No Return: The Industrial Revolution and Wealth Inequality
