16:00 | Thursday, November 19, 2020
English
Professor of Finance and Financial History, Tilburg School of Economics and Management
Inflation risk represents one of the most important economic risks faced by investors. In this Quantitative History Webinar, Fabio Braggion of Tilburg University will present his paper cowritten with Felix von Meyerinck (St. Gallen) and Nic Schaub (WHU), exploring how investors respond to inflation. Fabio and his coauthors introduce a unique dataset containing security portfolios of more than 2,000 clients of a German bank between 1920 and 1924, covering the famous German hyperinflation. In a within-person setting and controlling for the overall time trend, they find that investors buy less (sell more) stocks in times of rising local prices. This effect is more pronounced for less sophisticated investors. Their findings are consistent with investors being subject to money illusion.
Live on Zoom on November 19, 2020
16:00 Hong Kong/Beijing/Singapore | 17:00 Tokyo | 19:00 Sydney
08:00 London | 09:00 Tilburg
Thursday, November 19, 2020
Fabio Braggion
English
The Quantitative History (QH) Webinar Series aims to provide researchers, teachers, and students with an online intellectual platform to keep up to date with the latest research in the field, promoting the dissemination of research findings and interdisciplinary use of quantitative methods in historical research. The QH Webinar Series, now entering its fourth year, is co-organized by Centre for Quantitative History at the HKU Business School and International Society for Quantitative History in partnership with Hong Kong Institute for the Humanities and Social Sciences. The Series is now substantially supported by the Areas of Excellence (AoE) Scheme from the Research Grants Council of the Hong Kong Special Administrative Region, China (Project No. [AoE/B-704/22-R]). 量化歷史網上講座系列由香港大學陳志武和馬馳騁教授聯合發起，旨在介紹前沿量化歷史研究成果、促進同仁交流，推廣量化方法在歷史研究中的應用。本系列講座由香港大學經管學院量化歷史研究中心和國際量化歷史學會承辦，及香港人文社會研究所全力支持。從2023年開始，系列得到中國香港特別行政區研究資助局卓越學科領域計劃的重要資助 (項目編號[AoE/B-704/22-R])。
Conveners: Professor Zhiwu Chen & Dr. Chicheng Ma (HKU Business School)
The International Society for Quantitative History (ISFQH) is an independent, not-for-profit organization dedicated to promoting, supporting, and enhancing the advancement of education, in particular research and knowledge dissemination in quantitative history, in Hong Kong and other parts of the world.
