Dr Noemi Mantovan

Senior Lecturer in Economics

View Dr Noemi Mantovan’s profile on the Bangor Research Portal

Overview

Noemi obtained her PhD at Durham University in 2012, winning the award for best PhD thesis of the year. Noemi joined Bangor Business School in 2011 as a Lecturer in Economics and was promoted to Senior Lecturer in 2017. Since May 2019 she is associate editor at the European Economic Review.

Her research is focused on political economy and labour economics, and she specializes in female labour supply, ideology, voting, fiscal policy and volunteering. Her work has been published in several top academic journals including the Economic Journal, Public Administration Review and the European Economic Review.

Administrative Roles Within the Business School:

Lead of Postgraduate Research

Director of ESRC Economic Pathways for the Business School

Personal Tutor

Athena Swan Team

Additional Contact Information

Hen Goleg 2.01

n.mantovan@bangor.ac.uk

01248 38 8081

Qualifications

Professional: Fellow of the Higher Education Academy
2015
PhD: Economics
Durham University, 2012
MSc: Laurea Specialistica in Economics
University La Sapienza of Rome, 2008
BSc: Economics
University La Sapienza of Rome, 2005

Teaching and Supervision

Teaching:

- ASB-2308 Macroeconomics

- ASB-3301 Macroeconomics

- ASB-2302/3302 Current Issues Seminar on the Gender Wage Gap

- PhD Workshop: Panel Data and Instrumental Variables

Supervision

- Laurence Jones "Application of Dynamic Structural Estimation to CRA" (09/2015-09/2018) passed with no corrections

- Phuc Thy Lan Nguyen "Political Economy and Financial Instability" (09/2016-09/2020) passed with minor corrections

Research Interests

Working Papers

A Dynamic Structural Estimation of Bank Behaviour in Europe: The Impact of Recent Regulatory Reforms (2021), with L.J.H. Jones, R. Alsakka, and O. ap Gwilym, (accepted pending minor corrections at European Economic Review)

Regulating Rating Agencies: Information, Reputation and Discipline (2021) with L.J.H. Jones, R. Alsakka, and O. ap Gwilym (accepted pending minor corrections at Journal of Financial Stability)

The Dynamics of Domestic Violence: Learning about the Match (2020) with D. Anderberg and R.M. Sauer (R&R)

The Impact of Sovereign Credit Ratings on Voters’ Preferences (2021), with P.L.T. Nguyen and R. Alsakka (R&R)

To Get Rich is Glorious, but Only if Fairly (2021), with G. Cozzi (submitted)

Elections, preferences, and stock markets (2022), with P.L.T. Nguyen and R. Alsakka (submitted)

Work in Progress

A Life-cycle Model of Mental Health and Income (with G. Cozzi and R.M. Sauer)

Political preferences and Terrorist attacks (with P.L.T. Nguyen and R. Alsakka)

Prental influence on volunteering (with R. Sauer and J. Wilson)

Covid-19 and Fairness (with G. Cozzi and S. Galli)

Postgraduate Project Opportunities

Projects on Labour Economics, Political Economy, Financial Economics. Credit rating agencies and political economy The US sub-prime crisis followed by the European debt crisis as well as covid 19 pandemic brought mounting criticism of the credit rating agencies (CRAs) for their role amid deteriorating economic conditions. Several regulatory reforms to monitor CRAs have been approved in Europe and the US, yet little is known about their effectiveness in improving the quality of ratings in the corporate rating sector. Rating quality is of utmost importance as ratings are strongly embedded into regulations and affect the welfare of both borrowers and investors. Credit ratings are a major concern for corporate managers; they affect a firm’s access to the bond market, and impact employee and customer relationships as well as business operations. Negative rating actions can trigger events such as bond covenant violations, increases in bond coupons or loan interest rates, and forced bond repurchases. Many countries in Europe and the USA have experienced degrees of political turmoil following the recent financial crises and covid 19 pandemic. Therefore, the voting preferences in these countries have moved toward more extremist and populist parties, and caused shifts in the ideology and policies of several countries. These have enormous negative influence on the level and cost of public and private debt, credit risk, swings in capital flows, currency valuation and economic growth. This PhD research project aims to fill a clear void in the literature by investigating various aspects of the link between credit risk and political economy in light of the current developments during the global financial crisis and post-crisis periods. The project aims to investigate the effects of political impairments upon financial markets and real economic activity. It will explore the consequences of increased political and sovereign risk for firms’ ratings, cost of capital, investment, and financing decisions. The project also aims to investigate whether the recent regulatory reforms of the credit rating industry have been successful in improving the quality of corporate credit ratings taking into account the major issue of political uncertainty in many countries. This project aims to apply empirical and theoretical frameworks to analyse the performance of corporate ratings, focusing on the effects of the recent regulatory reforms and political uncertainty. The project has the potential to deliver findings of relevance to a range of market participants, as well as credit rating agencies, regulators and policy makers.

Publications

2022

E-pub ahead of printRegulating rating agencies: A conservative behavioural change
Jones, L., Alsakka, R., ap Gwilym, O. & Mantovan, N., Jun 2022, In: Journal of Financial Stability. 60, 100999.
Research output: Contribution to journal › Article › peer-review

2021

E-pub ahead of printThe Effect of Work Schedule Control on Volunteering among Early Career Employees
Mantovan, N., Sauer, R. M. & Wilson, J., 5 Oct 2021, (E-pub ahead of print) In: British Journal of Industrial Relations.
Research output: Contribution to journal › Article › peer-review

2020

PublishedThe Economic Benefits of Volunteering and Social Class
Wilson, J., Mantovan, N. & Sauer, R. M., Jan 2020, In: Social Science Research. 85, 102368.
Research output: Contribution to journal › Article › peer-review

2018

PublishedAdvancing the economics of gender: New insights and a roadmap for the future
Cozzi, G., Francesconi, M., Lundberg, S., Mantovan, N. & Sauer, R. M., Oct 2018, In: European Economic Review. 109, October, p. 1-8
Research output: Contribution to journal › Editorial › peer-review
PublishedWill a Shrink Make you Richer? Gender Differences in the Effects of Psychotherapy on Labour Efficiency
Cozzi, G., Galli, S. & Mantovan, N., 31 Oct 2018, In: European Economic Review. 109, p. 257 274 p.
Research output: Contribution to journal › Article › peer-review

2017

PublishedDoes it Pay to Work for Free? Negative Selection and the Wage Returns to Volunteer Experience
Cozzi, G., Mantovan, N. & Sauer, R. M., Dec 2017, In: Oxford Bulletin of Economics and Statistics. 79, 6, p. 1018-1045
Research output: Contribution to journal › Article › peer-review

2014

PublishedThe Big Society: The Rhetoric and Practice of Volunteerism in the UK
Bartels, K., Mantovan, N. & Cozzi, G., 1 Dec 2014, National Service and Volunteerism: Achieving Impact in Our Communities. 2014 ed. Lexington
Research output: Chapter in Book/Report/Conference proceeding › Chapter

2013

PublishedDoes It Pay to Work for Free? Wage Returns and Gender Differences in the Market for Volunteers
Cozzi, G., Mantovan, N. & Sauer, R. M., 1 Oct 2013, In: IZA Discussion Papers. no.7697
Research output: Contribution to journal › Article › peer-review
Published“The Big Society,” Public Expenditure, and Volunteering
Bartels, K., Cozzi, G. & Mantovan, N., 1 Mar 2013, In: Public Administration Review. 73, 2, p. 340-351
Research output: Contribution to journal › Article › peer-review

2012

PublishedThe Evolution of Ideology, Fairness and Redistribution
Alesina, A., Cozzi, G. & Mantovan, N., 1 Dec 2012, In: Economic Journal. 122, 565, p. 1244-1261
Research output: Contribution to journal › Article › peer-review

Other Grants and Projects

Grants:

ESRC & BBS PhD Studentship in Financial Economics starting in September 2015 for three years. Full awards consist of a stipend of approximately £14,168 per annum and a fee contribution of approximately £4,084. Students will also be eligible to apply for a research allowance (£750 per annum).

Durham University full Scholarship (value 13,300 GBP)

Scottish Institute of Research / Adam Smith Research Foundation full Scholarship (value 26,600 GBP)

ESRC Macroeconomic Open Competition (value 8,400 GBP)

Fondazione Einaudi Research Grant (value 20,000 EUR)

Honours:

Best Doctoral Dissertation, Durham Business School

Other Information

Associate Editor at the European Economic Review

Conferences and Seminars

Seminar at Univeristy of Siena, Seminar at Norwegian University of Science and Technology, European Association of Labour Economists Conference, European Association of Population Economics Conference, NBER Summer Institute, Presentation at Oxford University, Seminar at Saint Gallen University, Seminar at Royal Holloway University of London, Royal Economic Society Annual Conference, International Workshop on Computational Economics and Econometrics, European Economic Association Annual Conference, Seminar at the Caledonian University, Seminar at Bangor University, Seminar at University of Glasgow.

Ad hoc refereeing:

Journal of Public Economics, Journal of Population Economics, Public Administration Review, Southern Economic Journal, Bulletin of Economic Research, The European Journal of Finance, Economics Bulletin, Defence and Peace Economics, European Economics Review, Economics and Politics.

Ad Hoc Editorial Responsibility:

Guest Editor the European Economic Review Special Issue on "Gender Differences in the Labour Market"