Groupe d'Étude Canadien en Macro-économie

Canadian Macroeconomics Study Group

Programme

Jeudi 20 octobre 1994 / Thursday, October 20, 1994

8:00 - 11:00 pm

Réception d'inauguration / Opening reception
Hôtel Days Inn Vieux Montréal

Vendredi 21 octobre 1994 / Friday, October 21, 1994

8:00 am

Café et muffins / Coffee and muffins

8:30 - 10:10 am

MONNAIE ET FLUCTUATIONS / MONEY AND FLUCTUATIONS
Chair / président: Alain Paquet (CREFE/UQAM)

• "A Dynamic Model of the Asymmetric Effects of Monetary Shocks"
  Pedro Auger and PAUL BEAUDRY (University of British Columbia)
• "Imperfect Information, Money and Economic Growth"
  WAI-MING HO (University of Waterloo)
• Discussants / commentateurs: Chris Ragan (McGill University), Dominique Simard (Rutgers University)

10:10 - 10:30 am

AJUSTEMENT DE PRIX / PRICE ADJUSTMENT
Chair / président: Michel Normandin (CREFE/UQAM)

• "A Dynamic Model of Optimal Price Adjustments"
  Leif Danziger (York University)
• "Trigger Price Strategies and Cyclical Markups"
  Allen Head and BEVERLY LAPHAM (Queen's University)
• Discussants / commentateurs: Emanuela Cardia (Université de Montréal), Paul Storer (CREFE/UQAM)

12:15 - 2:00 pm

Dîner - au campus / luncheon - served on campus

2:15 - 3:40 pm

MODÈLES DE CYCLES ÉCONOMIQUES / BUSINESS CYCLE MODELS
Chair / président: Christian Zimmermann (CREFE/UQAM)

• "Search Unemployment in a Real Business Cycle Model"
  David Andolfatto (University of Waterloo) and PAUL GOMME (Simon Fraser University)
• "The Real Business Cycle: Intermediate Inputs and Sectoral Comovements"
  ANDREAS HORNSTEIN and Jack Praschnik (University of Western Ontario)
• Discussants / commentateurs: Richard Rogerson (University of Minnesota) and Allen Head (Queen's University)

3:40 - 4:00 pm

Café / Coffee

4:00 - 5:00 pm

Présentation / Invited Session: MARTIN EICHENBAUM (Northwestern University)
"Inside Money, Outside Money, and Aggregate Fluctuations"

Samedi 22 octobre 1994 / Saturday, October 22, 1996

8:00 am

Café et muffins / Coffee and muffins

8:30 - 10:10 am

THÉORIE MONÉTAIRE / MONETARY THEORY
Chair / président: Randy Wright (University of Pennsylvania)

"Bargaining-Induced Transaction Demand for Fiat Money"
MERWAN ENGINEER (University of Guelph) and Shouyong Shi (Queen's University)

"Sequential Markets and the Suboptimality of the Friedman Rule"
STEPHEN WILLIAMSON (University of Iowa)

Discussants / commentateurs: Lloyd Paquin (Université Laval), Tiff Macklem (Bank of Canada)

10:10 - 10:30 am

Café / Coffee

10:30 - 12:10 am

PRIME D'ÉQUITÉ / THE EQUITY PREMIUM

• "Habit Persistence, Irreversible Investment, and the Equity Premium"
  Michel Boldrin, Lawrence Christiano (Northwestern University), JONAS FISHER (University of Western Ontario)
• "Equity Premia and Business Cycles"
  MAKOTO SAITO (University of British Columbia)
• Discussants / commentateurs: Serena Ng (Université de Montréal), Gregor Smith (Queen's University)

12:15 - 2:00 pm

Dîner / Luncheon

2:00 - 3:40 pm

CROISSANCE ET MARCHÉ DU TRAVAIL / GROWTH AND LABOUR MARKETS
Chair / président: Steve Ambler (CREFE/UQAM)

• "Innovation-Based Growth and Wage Inequality"
  HUW LLOYD-ELLIS (University of Toronto)
• "Search, Unemployment, and Growth"
  IAN KING and Linda Welling (University of Victoria)
• Discussants / commentateurs: Désiré Vencatachellum (École des HEC, Montréal), David Andolfatto (University of Waterloo)

3:40 - 4:00 pm

Café / Coffee

4:00 - 5:00 pm

Présentation de / Invited session: RANDY WRIGHT (University of Pennsylvania)
"Dynamic Bargaining Theory and Applications in Monetary Economics"

Remarks and comments: crefe@uqam.ca

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