| SEMINAR ŞTIINŢIFIC MONEDA, FINANŢE, BĂNCI – SEMINAR ȘTIINȚIFIC |
Are loans moratoria useful policy tools?
Marți, 23 Mai 2023 – ora 16:30 – sala 3M4 (etaj 1, clădirea Moxa)
Irina Mihai
Banca Națională a României, irina.mihai@bnro.ro
Abstract:
The paper looks at loans moratoria for corporate during the COVID-19 pandemic and analyses the implications on banks’ lending using panel econometric models at bank-firm level with multiple fixed effects. The results show that banks that had higher amount of loans under moratoria reduced lending more. However, the effect was offset by public guarantee programs.
Zoom: https://ase.zoom.us/j/88975840175?pwd=Q0ZnbHl0TjhqcEtzVnhMUWRmdWdPQT09
Passcode: 123456
Activitate de socializare: Începând cu ora 18:00: La Radu
The Central Planning Game: Economic planning and statistical reporting in communist Romania
Marți, 30 Mai 2023 – ora 16:30 – sala 3M4 (etaj 1, clădirea Moxa)
Narcis Tulbure
FABBV, ASE București, narcis.tulbure@fin.ase.ro
Abstract:
Drawing on historical research about the practices of economic central planning and the reporting of statistical data in socialist Romania, we present the “Central Planning Game”. The project is a competitive didactic game meant to simulate various scenarios regarding the dynamics of socialist industry and to teach players/ participants about the practical functioning of socialist economies. While focused on planning and production, the economy depends crucially on the accuracy of information reported to the statistician and incorporated by the central planner in the future projections regarding the material output. As such, many of the crises affecting material-product driven socialist economies were induced by information blockages and inaccuracies. The game consists of the competition among several factory managers situated in various administrative units struggling to procure the industrial inputs necessary to meet production plans. By developing a scaled model of a socialist economy, the planning game aims to become an active methodology that facilitates the understanding through intuitive means of the nature and use of statistical data in socialist economic planning. At the same time, the framework of the game can be adapted to a diversity of historical and institutional contexts where information is inaccurate, feedback mechanisms are corrupt, and knowledge about the future is problematic.
Zoom: https://ase.zoom.us/j/88975840175?pwd=Q0ZnbHl0TjhqcEtzVnhMUWRmdWdPQT09
Passcode: 123456
Activitate de socializare: Începând cu ora 18:00: J’ai Bistrot