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5th LTI@UniTO/Bank of Italy Workshop on Long-term investors’ trends: theory and practice

26 June 2024 @ 09:00 - 18:00


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26 June 2024
09:00 - 18:00
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Academic Events

5th LTI@UniTO/Bank of Italy Workshop on Long-term investors’ trends: theory and practice

The Long-Term Investors@UniTo (LTI@UniTO) initiative and the Directorate General for Economics, Statistics and Research of the Bank of Italy are organizing the 5th Research Workshop on Long-term investors trends: theory and practice.

The event will take place at the Bank of Italy, Rome (Italy). Franklin Allen (Imperial College London) is the keynote speaker for this edition.

The workshop will bring together researchers and professionals working on long-term investors’ trends, both theoretical and applied, to discuss research papers and agendas. It aims at fostering interactions between economists and professionals.

Registration will be open until June 20th for in-person attendance and until June 24th for online attendance.


9:00 – 9:20 | Welcome address
Silvia Vori (Banca d’Italia) and Pietro Garibaldi (LTI@UniTO)

1st session – Chair: Pietro Garibaldi (LTI@UniTO and Collegio Carlo Alberto)

9:20 – 10:00 | The Making of Momentum. A Demand-System Perspective
Paul Huebner (Stockholm School of Economics)

Discussion: Taneli Mäkinen (European Central Bank)

10:00 – 10:40 | Identifying the Effects of Demand for Safe Assets
Jefferson Duarte
(Rice University), Tarik Umar (Rice University)
Discussion: Luana Zaccaria (Einaudi Institute for Economics and Finance)

11:40 – 11:30 |Keynote speech
CBDC’s and the financial architecture of banks and non-banks
Franklin Allen (Imperial College London)

11:30 – 11:50 | Coffee Break

2nd session – Chair: Marcello Pericoli (Banca d’Italia)

11:50 – 12:30 | Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice
Aizhan Anarkulova (Emory University), Scott Cederburg (University of Arizona), Michael S. O’Doherty (University of Missouri)
Discussion: Carolina Fugazza (University of Torino)

12:30 – 13:10 | Inflation and Trading
Philip Schnorpfeil (Goethe University Frankfurt), Michael Weber (University of Chicago, CEPR, NBER), Andreas Hackethal (Goethe University Frankfurt and SAFE)
Discussion: Giuliano Curatola (University of Siena)

13:15 – 14:15 | Lunch break

3rd session – Chair: Luca Regis (LTI@UniTO and Collegio Carlo Alberto)

14:20 – 15:00 | Macro and Asset Price Dynamics During the Climate Transition: Evidence from the Oil Sector
Michael Donadelli (University of Brescia), Patrick Gruening (Bank of Latvia and Vilnius University), Steffen Hitzemann (University of Houston)
Discussion: Valerio Nispi Landi (Banca d’Italia)

15:00 – 15:40 | Proxy Voting and the Rise of ESG
Patrick Bolton (Imperial College London), Enrichetta Ravina (Federal Reserve Bank of Chicago), Howard Rosenthal (NYU), Christopher Tausanovitch (UCLA)
Discussion: Michela Altieri (LUISS Guido Carli University)

15:40 – 16:20 | Climate Change Salience and International Equity Returns
David Parsley (Vanderbilt University), Helen Popper (Santa Clara University)
Discussion: Diego Garcia (University of Colorado Boulder)

16:20 – 16:40 | Coffee Break

4th session – Chair: Marco Taboga (Banca d’Italia)

16:40 – 17:20 | Nonbank Relationships and Investment Horizon
Paul Rintamäki (Aalto University)
Discussion: Ugo Albertazzi (European Central Bank)

17:20 – 18:00 | Overallocated Investors and Secondary Transactions
Rustam Abuzov (University of Virginia), Aleksandar Andonov (University of Amsterdam), Josh Lerner (Harvard University)
Discussion: Chotibhak Jotikasthira (Southern Methodist University)


Pietro Garibaldi (University of Torino and Collegio Carlo Alberto),

Marcello Pericoli (Banca d’Italia),

Luca Regis (University of Torino and Collegio Carlo Alberto),

Marco Taboga (Banca d’Italia).