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Thirteenth Annual Meeting of the Canadian Macroeconomics Study Group 5 - 6 November 1999 University of Western Ontario

Conference Organizers: Russell Boyer, University of Western Ontario David Andolfatto, University of Waterloo

Thursday, November 4

Reception: London Armouries 8:00 - 11:00 PM

Friday, November 5

Coffee and Muffins 8:00 - 8:45 AM

Session I. 8:45 - 11:00 AM ALL IN THE FAMILY Chair: David Andolfatto, University of Waterloo

1. More on Marriage, Fertility, and the Distribution of Income

Jeremy GREENWOOD, University of Rochester

Nezih Guner, Pennsylvania State University

John Knowles, University of Pennsylvania

Commentateur: Marc-Andre Letendre, McMaster University

2. On Child Labour

Stephane PALLAGE, CREFE/UQAM

Christian Zimmermann, CREFE/UQAM

Commentateur: Paul Gomme, Federal Reserve Bank of Cleveland

3. Family Investment, Fertility Choice, and Economic Development

Dennis Tao, Duke University

Xiaodong ZHU, University of Toronto

Commentateur: Sylvain Dessy, Universite Laval

Coffee 11:00 - 11:30 AM

Session II. 11:30 AM - 12:15 PM INVITED PRESENTATION Chair: Michael Parkin, University of Western Ontario How Big is the Time Consistency Problem in Monetary Policy? Lawrence Christiano, Northwestern University Commentateur: William Scarth, McMaster University

LUNCH 12:15 - 1:45 PM

Session III. 1:45 - 3:15 PM EXPECTATIONS AND CAPITAL MARKETS Chair: Joel Fried, University of Western Ontario

1. Capital Market Panics, Exchange Rate Depreciation, and Economic Collapse

David COOK, Hong Kong University of Science and Technology

Mick Devereux, University of British Columbia

Commentateur: Wai-Ming Ho, York University

2. An Exploration into Pigou's Theory of Cycles

Paul BEAUDRY, University of British Columbia

Frank Portier, University of British Columbia

Commentateur: Miquel Faig, University of Toronto

Coffee 3:15 - 3:45 PM

Session IV. 3:45 - 5:15 PM LABOUR MARKET FRICTIONS Chair: Diego Restuccia, University of Toronto

1. Frictional Assignment

Shouyong Shi, Queen's University

Commentateur: Eric Fisher, Ohio State University

2. The Sullying Effects of Recessions

Gadi Barlevy, Northwestern University

Commentateur: Allen Head, Queen's University

Saturday, November 6

Coffee and Muffins 8:00 - 8:45 AM

Session V. 8:45 - 10:15 AM CONSUMPTION AND DEBT Chair: Gustavo Ventura, University of Western Ontario

1. On Individual Precautionary Saving: Sufficient Conditions

Mark Huggett, Georgetown University

Commentateur: Aylin Seckin, CIRANO

2. On the Determination of the Public Debt under Stochastic Interest Rates

Huw Lloyd-Ellis, University of Toronto

Shiqiang ZHAN, University of Chicago

Xiaodong Zhu, University of Toronto

Commentateur: Christian Zimmermann, CREFE/UQAM

Coffee 10:15 - 10:45 AM

Session VI. 10:45 AM - 12:15 PM MONEY AND BANKING Chair: Andres Erosa, University of Western Ontario

1. Payment Systems, Settlement, and Risk

Ted Temzelides, University of Iowa

Steve WILLIAMSON, University of Iowa

Commentateur: Merwan Engineer, University of Victoria

2. Inflation Targets Under Asymmetric Preferences

Francisco Ruge-Murcia, Universite de Montreal

Commentateur: David Johnson, Wilfrid Laurier University

LUNCH 12:15 - 2:00 PM Guest Speaker: Marvin Goodfriend, Federal Reserve Bank of Richmond Monetary Policy in the Neoclassical Synthesis

Session VII. 2:00 - 3:30 PM ORGANIZATION AND RELATIONSHIPS Chair: Edward Nosal, University of Waterloo

1. Dynamic Credit Relationships in General Equilibrium

Anthony SMITH, Carnegie-Mellon University

Cheng Wang, Carnegie-Mellon University

Commentateur: Martin Gervais, Federal Reserve Bank of Richmond

2. The Emergence of Economic Organization

Robert Clower, University of South Carolina

Peter HOWITT, Ohio State University

Commentateur: Phillip Curry, University of Western Ontario

Coffee 3:30 - 4:00 PM

Session VIII. 4:00 - 5:30 PM EXCHANGE RATES Chair: Miguel Molico, University of Western Ontario

1. Dispersion in International Prices

Mario CRUCINI, Vanderbilt University

Chris Telmer, Carnegie-Mellon Unviersity

Marios Zachariadis, Ohio State University

Commentateur: Pierre Siklos, Wilfrid Laurier University

2. Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries

Jeffrey Campbell, University of Chicago

Beverly LAPHAM, Queen's University

Commentateur: Martin Boileau, University of Colorado

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