Facts and figures about UK taxes, benefits and public spending.
Analysing government fiscal forecasts and tax and spending.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
Find out where you are in the income distribution.
Resources for schools and students.
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Market microstructure and asset pricing (a cemmap / ELSE masterclass)
This Master Class will examine market microstructure with a particular focus on the issues connected with the new high frequency markets. We will set the stage for what microstructure research studies by briefly describing the functioning of securities markets and the role that they play in providing liquidity and price discovery. We then develop asymmetric-information microstructure models, and the role that market microstructure plays in asset pricing and in determining the cost of capital. Finally, we will examine recent innovations in markets with a focus on the role played by high frequency traders and the recent episodes of extreme market volatility. We will present new approaches to modeling and measuring order toxicity and volatility in high frequency markets. A further description and reading list can be found here.
If you would like to book a place or have any queries about this event, please contact our events team.
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The following links should give you any extra information you may need with regard to IFS events.
David Easley , Cornell
Maureen O'Hara , Cornell
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