{"id":3255,"date":"2023-08-11T10:19:00","date_gmt":"2023-08-11T10:19:00","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/?post_type=news&#038;p=3255"},"modified":"2023-10-13T10:06:42","modified_gmt":"2023-10-13T08:06:42","slug":"df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/","title":{"rendered":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p>With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg.<\/p>\n\n\n\n<p><strong>&#8220;Why Does the Yield Curve Predict GDP Growth? The Role of Banks&#8221;<\/strong><\/p>\n\n\n\n<p><strong>Speaker: <\/strong>Camelia Minoiu<br>Federal Reserve Bank of Atlanta<\/p>\n\n\n\n<p><strong>DATE:<\/strong> Tuesday, 19 September 2023<\/p>\n\n\n\n<p><strong>TIME:<\/strong> 12:15 &#8211; 13:30<\/p>\n\n\n\n<p><a href=\"https:\/\/www.eventbrite.fr\/e\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta-registration-694612985137?mc_cid=5e34cbc42f&amp;mc_eid=UNIQID\">Registration link<\/a><\/p>\n\n\n\n<p><strong><u>Abstract:<\/u><\/strong><\/p>\n\n\n\n<p>We provide evidence on the effect of the slope of the yield curve on economic activity through bank lending. Using detailed data on banks&#8217; lending activities coupled with term premium shocks identified using high-frequency event study or instrumental variables, we show that a steeper yield curve associated with higher term premiums (rather than higher expected short rates) boosts bank profits and the supply of bank loans. Intuitively, a higher term premium represents greater expected profits on maturity transformation, which is at the core of banks\u2019 business model, and therefore incentivizes bank lending. This effect is stronger for ex-ante more leveraged banks. We rationalize our findings in a portfolio model for banks.<\/p>\n\n\n\n<p>The seminar will be held in-person.<br><br><strong><u>Venue:<\/u><\/strong><br>University of Luxembourg<br>Campus Kirchberg<br>JFK Building, Room Nancy \/ Metz<br>29, Avenue J.F. Kennedy<br>1855 Luxembourg<\/p>\n\n\n\n<p><strong><u>Please note that cold lunch will be provided for registered participants only.<\/u><\/strong><\/p>\n\n\n\n<p><em>This event is Supported by the Luxembourg National Research Fund (2022\/17573036)<\/em><\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":48,"featured_media":0,"template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[],"news-topic":[],"organisation":[101],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta - FDEF news I University of Luxembourg<\/title>\n<meta name=\"description\" content=\"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. &quot;Why Does\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta\" \/>\n<meta property=\"og:description\" content=\"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. &quot;Why Does\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF EN\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-13T08:06:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2023\/09\/thumbnails-news-events-DF-Lunch-Seminar.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"665\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\"},\"author\":{\"name\":\"eputkova\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/17dbe0c28b374ab399ebe660edfa0c1a\"},\"headline\":\"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta\",\"datePublished\":\"2023-08-11T10:19:00+00:00\",\"dateModified\":\"2023-10-13T08:06:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\",\"name\":\"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta - FDEF news I University of Luxembourg\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#website\"},\"datePublished\":\"2023-08-11T10:19:00+00:00\",\"dateModified\":\"2023-10-13T08:06:42+00:00\",\"description\":\"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. \\\"Why Does\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni.lu\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Faculty of Law, Economics and Finance\",\"item\":\"https:\/\/www.uni.lu\/fdef-en\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"News\",\"item\":\"https:\/\/www.uni.lu\/fdef-en\/news\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#website\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/\",\"name\":\"FDEF\",\"description\":\"Faculty of Law, Economics and Finance I Uni.lu\",\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\"},\"alternateName\":\"Faculty of Law, Economics and Finance I University of Luxembourg\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni.lu\/fdef-en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#organization\",\"name\":\"FDEF - University of Luxembourg I Uni.lu\",\"alternateName\":\"Faculty of Law, Economics and Finance\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"FDEF - University of Luxembourg I Uni.lu\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/uni.FDEF.lu\",\"https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/17dbe0c28b374ab399ebe660edfa0c1a\",\"name\":\"eputkova\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/abb0eab3b008a6b0c8074dd1ec6e0582?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/abb0eab3b008a6b0c8074dd1ec6e0582?s=96&d=mm&r=g\",\"caption\":\"eputkova\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta - FDEF news I University of Luxembourg","description":"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. \"Why Does","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/","og_locale":"en_GB","og_type":"article","og_title":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta","og_description":"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. \"Why Does","og_url":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/","og_site_name":"FDEF EN","article_publisher":"https:\/\/www.facebook.com\/uni.FDEF.lu","article_modified_time":"2023-10-13T08:06:42+00:00","og_image":[{"width":1000,"height":665,"url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2023\/09\/thumbnails-news-events-DF-Lunch-Seminar.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#article","isPartOf":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/"},"author":{"name":"eputkova","@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/17dbe0c28b374ab399ebe660edfa0c1a"},"headline":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta","datePublished":"2023-08-11T10:19:00+00:00","dateModified":"2023-10-13T08:06:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/"},"wordCount":212,"publisher":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#organization"},"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/","url":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/","name":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta - FDEF news I University of Luxembourg","isPartOf":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#website"},"datePublished":"2023-08-11T10:19:00+00:00","dateModified":"2023-10-13T08:06:42+00:00","description":"With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg. \"Why Does","breadcrumb":{"@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-camelia-minoiu-federal-reserve-bank-of-atlanta\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni.lu\/en"},{"@type":"ListItem","position":2,"name":"Faculty of Law, Economics and Finance","item":"https:\/\/www.uni.lu\/fdef-en\/"},{"@type":"ListItem","position":3,"name":"News","item":"https:\/\/www.uni.lu\/fdef-en\/news\/"},{"@type":"ListItem","position":4,"name":"DF Lunch Seminar with Camelia Minoiu, Federal Reserve Bank of Atlanta"}]},{"@type":"WebSite","@id":"https:\/\/www.uni.lu\/fdef-en\/#website","url":"https:\/\/www.uni.lu\/fdef-en\/","name":"FDEF","description":"Faculty of Law, Economics and Finance I Uni.lu","publisher":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#organization"},"alternateName":"Faculty of Law, Economics and Finance I University of Luxembourg","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni.lu\/fdef-en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.uni.lu\/fdef-en\/#organization","name":"FDEF - University of Luxembourg I Uni.lu","alternateName":"Faculty of Law, Economics and Finance","url":"https:\/\/www.uni.lu\/fdef-en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2026\/03\/03111918\/FDEF_SM-Profile_1600x1600px-scaled.jpg","width":2560,"height":2560,"caption":"FDEF - University of Luxembourg I Uni.lu"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/uni.FDEF.lu","https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/"]},{"@type":"Person","@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/17dbe0c28b374ab399ebe660edfa0c1a","name":"eputkova","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.uni.lu\/fdef-en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/abb0eab3b008a6b0c8074dd1ec6e0582?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/abb0eab3b008a6b0c8074dd1ec6e0582?s=96&d=mm&r=g","caption":"eputkova"}}]}},"blog_id":3,"_links":{"self":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news\/3255"}],"collection":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/users\/48"}],"version-history":[{"count":3,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news\/3255\/revisions"}],"predecessor-version":[{"id":3278,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news\/3255\/revisions\/3278"}],"wp:attachment":[{"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/media?parent=3255"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news-category?post=3255"},{"taxonomy":"news-topic","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/news-topic?post=3255"},{"taxonomy":"organisation","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-en\/wp-json\/wp\/v2\/organisation?post=3255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}