Economics

Working with Isabelle Méjean at the Economics Department

• Under the supervision of Drs. Maddaloni & Stefano Corradin: supporting a paper on life insurance's risk taking in the low rates environment and in the context of the EU new macroprudential policy targeting insurance companies called Solvency II.1. Using the European Insurance and Occupational Pension Authority's (EIOPA) new dataset reported by insurance companies under the Solvency II framework, I am cleaning, constructing and analysing the data with Stata. The data includes insurance companies' balance sheets as well as their investment at the micro-level.2. Using this micro-level large dataset, I am producing a wide range of micro- summary statistics in order to help guiding the research.3. Comparing the yield of specific insurance company bond holdings with the yield of the aggregate insurance bond holdings for the same bond type (i.e. sovereign bonds) within each risk or rating category over time. • Under the supervision of Drs. David Marques-Ibanez: supporting a paper co-authored with George Pennacchi (University of Illinois, USA) on the topic of unsophisticated investors bonds' holding. 1. Conducting the econometric analysis of the paper. In particular, we are using a DiD estimation with Stata using the unexpected announcement from European authorities of a new bail-out regulation as a natural experiment, as well as a Fixed-effect estimator.2. Using Micro-level banking data, we evidence that unsophisticated investors (mainly households) reduced their holding of bail-inable bonds after the announcement. I helped implementing the parallel trend analysis, but also the reshaping of the data.Main skills acquired:- Coding with SQL, Stata and R- Writing literature reviews- Big Data Management- Writing research proposals

• Under the supervision of Drs. Kris Boschmans and Lucia Cusmano, I supported the production of the OECD flagship research reports on SMEs and Entrepreneurs (OECD 2019).1. Collecting credit and financing confidential data from 47 statistical offices across the world, before cleaning it up and analysing it with Excel and Stata.2. Using this data and additional variables from the OECD, the Cambridge Center for Alternative Finance and the IMF, we performed a cluster analysis of k-median on STATA to understand the heterogeneity of the state of SME financing (box and table 1.1).3. Writing the draft of the report and presenting my results to different colleagues acrossthe division.4. Maintaining contact with the different stakeholders (Country representatives, Researchdepartments such as the one from the European Investment Bank, Entrepreneurs' Associations,Irish SME Minister ...) in order to organize the two biannual MinisterialMeeting on the topic of SMEs.Main skills acquired:- Coding in STATA and writing Macros in Excel- Research skills, both in terms of writing and quantitative analysis- Big Data Management- Presenting my results to supervisors, Economists and stakeholders

• Under the supervision of Dr. Claude Barfield, I supported AEI's research on US Trade policy. 1. Writing of a quantitative analysis of the EU trade strategy towards Asia and its economic impact which was used by Dr. Barfield as a reference in his work.2. Trade Flow analysis on Excel for Dr. Barfield's research.3. Writing of One-Pagers summing up reports from the United States Trade Representative, at the start of the US-China Trade War.4. Assisting to conference at Brookings, the IMF and the Peterson Institute.Main skills acquired:- Exposure to quantitative analysis applied to academic research- Benefit from the think tank environment of Washington D.C., in order to understand howacademic research can be translated into policy recommendations

• Under the supervision of Francois Duhen, I helped a team of 6 economists in conductingresearch related to Monetary Policy and Financial Economics.1. Producing economic analysis and forecasts of major indicators for the main economies, with Macrobond and Excel.2. Writing research for investors every morning at 8am for the Investor Morning Meetings. Topics included economic policies, forex, international trade and banking reform, among others.3. Writing a document on my own on the Italian Economy that was presented to our main clients.Main skills acquired:- Quantitative skills- Presentation skills- Rigor and efficiency in my research, as deadlines were often very tight- Thorough knowledge of monetary policy