Research Seminars in Economics at UAM

The research seminars in economics is an initiative at Universidad Autónoma de Madrid, Spain. 

This series is hosted during term time by the Department of Economic Analysis: Economic Theory and Economic History.

It consists of presentations of leading national and international scholars and it is intended to be a discussion forum focused on current substantive issues and methods in any field of economics.

Upcoming seminars 

04/03/2026 at 1 pm 

Evi Pappa 

(UC3M)

"Pricing Dynamics Under Financial Stress"

Abstract: Using twenty years of monthly data on Swedish manufacturing firms, we estimate short- and medium-run supply elasticities using demand shocks as instruments. The supply curve is upward sloping on average, but flattens under financial stress. In normal times, firms price similarly. During stress, constrained firms raise prices, while unconstrained firms cut them. A structural model with financial constraints, inventories, and investment in customer loyalty explains these patterns: when demand rises under stress, constrained firms face tighter liquidity, prompting price hikes, inventories, and advertising cuts. Unconstrained firms exploit this to increase market share by cutting prices, muting aggregate price responses.  

How to attend the seminar:

The seminar will be on-site in room Módulo 1-301 and streamed. 

To receive the seminar invitation with the streaming link, please send an email to teoriahistoriauam@gmail.com

Organisers: Jorge García Hombrados, Ana Nuevo Chiquero, Eugenio Zucchelli and Damian Pierri