Economics

RYERSON ECONOMICS DEPARTMENT
Money, Financial Institutions and the Real Economy
May 3, 2008

8:30 – 9:00 a.m.   Registration and Continental Breakfast
Jorgenson Hall 200 (380 Victoria Street)

CONFERENCE VENUE: PODIUM-358

9:00 – 10:00 a.m. SESSION I: INTEREST RATES AND ECONOMIC MODERATIONS

CHAIR: Claustre Bajona (Ryerson University)
PRESENTER: Gregor Smith (Queen’s University)
“US Interest Rate History: Lessons from Great Moderations and Professional Forecasters” 

10:00 – 11:00 a.m. SESSION II: CREDIT SHOCKS AND ECONOMIC FLUCTUATIONS          

CHAIR: Zisis Koustas (Brock University)
PRESENTER: Charles Calomiris (Columbia University)
“Not (Yet) a 'Minsky Moment'”  Slides

11:00-11:30 a.m.      Break

11:30-12:30 p.m. SESSION III:  FINANCE AND GROWTH

CHAIR: Deb Sen (Ryerson University)
PRESENTER: Thanasis Stengos (University of Guelph)
“Can Dynamic Panel Data Explain the Finance-Growth Link? An Empirical Likelihood Approach”

12:30-1:30 p.m.     Lunch

1:30-2:30 p.m.    SESSION IV:  FINANCIAL INOVVATIONS

CHAIR: Tasso Adamopoulos (York University)
PRESENTER; Pradeep Dubey (SUNY- Stony Brook)
“Credit Cards and Inflation,” “Inside and Outside Fiat Money, Gains to Trade, and IS-LM”

2:30-3:30 p.m.     SESSION V:  LIQUIDITY AND PAYMENT SYSTEMS 

CHAIR:  Miquel Faig (University of Toronto)
PRESENTER: Thor Koeppl (Queen’s University)
"Liquidity and Incentives in Optimal Payment Systems”

3:30-4:00 p.m.       Break

4:00-5:00 p.m.   ROUNDTABLE SESSION:

“Monetary Policy, Financial Institutions and Economic Fluctuations”
CHAIR: Angelo Melino (University of Toronto)
PANELISTS:Charles Calomiris (Columbia University)
Thor Koeppl (Queen’s University)
Eric Santor (Bank of Canada)

5:00-5:45 p.m.   POSTER SESSION

"Inflation Cost and Capital Accumulation in a Lifecycle Model with Housing"
Katerina Koka (University of Guelph)

“Anticipated Inflation and Unemployment: Asymmetric Effects of the Inflation Tax”
Lucy Qian Liu (Queen’s University)

“The Dependence Structure Between The Canadian Stock Market and the U.S./Canada Exchange Rate: A Copula Approach”
Cathy Ning (Ryerson University)

“Growth-Inflation Dynamics: A Semiparametric Approach”
Brennan Thompson (Ryerson University)

"Co-fluctuation Patterns of Per Capita Carbon Dioxide Emissions: The Role of Energy Resource Markets"
Joel Wood (University of Guelph)

"Explaining Residential Investment over the Business Cycle"
Yufei Yuan (University of Western Ontario)

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6:30-7:00 p.m CASH BAR Adega, 33 Elm Street

7:00p.m. DINNER: Adega, 33 Elm Street