CMSG Program 2005

19th Annual Meeting of the Canadian Macroeconomics Study Group

4 - 5 November 2005

Morris J. Wosk Centre for Dialogue (Simon Fraser University)
580 West Hastings Street
Vancouver, British Columbia V6B 5K3

Preliminary Program

Friday, November 4

Coffee and Muffins 8:00 - 8:45 AM

Session 1: 8.45 - 10.15 AM Unemployment Chair: Michelle Alexopoulos, University of Toronto

1.1 Learning From Unemployment
          Francisco GONZALEZ, University of Calgary
          Shouyong Shi, University of Toronto

          Commentateur: Andre KURMANN, UQAM

1.2 Urban Unemployment and Business Cycles in Developing Economies
David COOK, Hong Kong University of Science and Technology
Hiromi Nosaka, Hong Kong University of Science and Technology

Commentateur: B. RAVIKUMAR, University of Iowa

Coffee 10:15 - 10:30 AM

Session 2: 10.30 - 12.00 AM Sudden Stops and Depressions Chair: Samuel Danthine, UQAM

2.1 Sudden Stops and Productivity Drops
         Fabrizio PERRI, New York University and Federal Reserve Bank of Minneapolis
         V.V. Chari, University of Minnesota
         Patrick Kehoe, Federal Reserve Bank of Minneapolis and University of Minnesota

         Commentateur: Igor LIVSHITS, University of Western Ontario

2.2 Relative Prices, Trade and the Great Canadian Depression
Jim MacGEE, University of Western Ontario
Pedro Amaral, Southern Methodist University

Commentateur: Caroline BETTS, University of Southern California

CMSG LUNCHEON 12.00 - 2.00 PM

Luncheon Seminar Social Change Jeremy GREENWOOD, University of Rochester

Session 3: 2.00 - 3.30 PM Bank of Canada Session on Monetary Policy Chair: John Murray, Bank of Canada

3.1 Uncovered Interest Rate Parity
          Craig BURNSIDE, Duke University
          Martin Eichenbaum, Northwestern University
          Sergio Rebelo, Northwestern Uniiversity

Commentateur: Mick DEVEREUX, University of British Columbia

3.2 The Transmission of Monetary Policy in a Multi-Sector Model
         Francisco RUGE-MURCIA, University of Montreal
       Emanuela Cardia, University of Montreal
         H. Bouakez, HEC Montreal

Commentateur: Gregor SMITH, Queen's University

Coffee 3.30 - 4.00 PM

Session 4: 4.00 - 5.30 PM Bruce D. Smith Session on Monetary Theory Chair: Ed Nosal, Federal Reserve Bank of Cleveland

4.1 Efficient Monetary Allocations and the Illiquidity of Bonds
          Gabriele CAMERA, Purdue University
          Paola Boel, Purdue University

          Commentateur: Shouyong SHI, University of Toronto

4.2 Price Stickiness and the Optimal Return to Money
Andres EROSA, University of Toronto
Ricardo Cavalcanti, Getulio Vargas Foundation

Commentateur: Randall WRIGHT, University of Pennsylvania

Saturday, November 5

Coffee and Muffins 8.30 - 9.00 AM

Session 5: 9.00 - 10.30 AM Marriage Trends and Gender Wage Gaps Chair: Francisco Covas, Bank of Canada

5.1 A Quantitative Theory of the Gender Wage Gap
          Luisa FUSTER, University of Toronto
          Andres Erosa, University of Toronto
          Diego Restuccia, University of Toronto

          Commentateur: Jeremy LISE, Queen's University

5.2 The Demographic Transition and Long-Term Marriage Trends
          Shannon SEITZ, Queen's University
          Jose-Victor Rios-Rull, University of Pennsylvania

          Commentateur: Elizabeth CAUCUTT, University of Western Ontario

Coffee 10:30 - 10:45 AM

Session 6. 10:45 AM - 12:15 PM
Trade and Development
Chair: Tamotsu Nakamura, Kobe University

6.1 Import Protection as Export Destruction
          Hiroyuki KASAHARA, University of Western Ontario
          Beverly Lapham, Queen's University

          Commentateur: Gustavo VENTURA, Pennsylvania State University

6.2 Legal Institutions, Sectoral Heterogeneity, and Economic Development
          Rui CASTRO, University of Montreal
          Gian Luca Clementi, New York University
          Glenn MacDonald, Washington University, St. Louis

        Commentateur: Bart TAUB, University of Illinois Urbana-Champaign

LUNCH 12.15 - 2.00 PM

Session 7. 2.00 - 3:30 PM Language and Disease Chair: Oleksiy Krystov, Bank of Canada

7.1 Dynamic Language Policy
Ian KING, University of Auckland
Peter Kennedy, University of Victoria

Commentateur: Allen HEAD, Queen's University

7.2 Diseases and Development
          Shankha CHAKRABORTY, University of Oregon
          Chris Papageorgiou, Louisiana State University
        Fidel Perez-Sebastian, Universidad de Alicante

          Commentateur: Eric FISHER, Ohio State University

Coffee 3.30 - 4.00 PM

Session 8: 4.00 - 5.30 PM Business Cycles Chair: Wai-Ming Ho, York University

8.1 Schumpeterian Restructuring
          Huw LLOYD-ELLIS, Queen's University
          Patrick Francois, University of British Columbia

          Commentateur: Per KRUSELL, Princeton University

8.2 A Theory of Business Cycles
           Michele BOLDRIN, University of Minnesota
           Jesus Fernandez-Villaverde, University of Pennsylvania

           Commentateur: Paul BEAUDRY, University of British Columbia