Friday
9:00 am Room(TBA)
Investment Behavior
Session Chair:
Matias Vernengo, University of Utah (Vernengo@economics.utah.edu )
How Responsive Is Business Capital Formation To Its User Cost?
Steven M. Fazzari, Washington University , St. Louis (fazz@wueconc.wustl.edu)
Abstract | Paper 1 | Paper 2
Discussant: Claude Hillinger, SEMECON, Munich, Germany (hillinger@econhist.de)
From Investment Cycles to Random Shocks: Evidence and Ideology in Business Cycle Theory
Claude Hillinger, SEMECON, Munich, Germany (hillinger@econhist.de)
Abstract | Paper
Discussant: Jonathan McCarthy, Federal Reserve Bank of New York (Jonathan.McCarthy@ny.frb.org)
Has the Response of Investment to Financial Market Signals Changed?
Jonathan McCarthy, Federal Reserve Bank of New York (Jonathan.McCarthy@ny.frb.org)
Abstract | Paper
Discussant: John M. Roberts , Board of Governors of the Federal Reserve (john.m.roberts@frb.gov)
Modeling Aggregate Investment: A Fundamentalist Approach
John M. Roberts , Board of Governors of the Federal Reserve (john.m.roberts@frb.gov)
Abstract | Paper
Discussant: Steven M. Fazzari, Washington University , St. Louis (fazz@wueconc.wustl.edu)
11:00 am Room(TBA)
Economic Measurement
Session Chair:
Travis D. Nesmith, Board of Governors of the Federal
Reserve (travis.d.nesmith@frb.gov)
The Discounted Economic Stock of Money with VAR Forecasts
William A. Barnett, University of Kansas , Lawrence (barnett@ku.edu)
Abstract | Paper
Discussant: Michael T. Belongia, University of Mississippi (mtbelong@olemiss.edu)
Where Simple Sum and Divisia Monetary Aggregates Part: Illustrations and Evidence for the United States
Michael T. Belongia, University of Mississippi (mtbelong@olemiss.edu)
Abstract | Paper
Discussant: Barry Jones, SUNY Binghamton (bjones@binghamton.edu)
Monetary Services Indexes: A Practitioner’s Perspective
Barry Jones, SUNY Binghamton (bjones@binghamton.edu)
Abstract | Paper
Discussant: Utz-Peter Reich, Fachhochschule Mainz , Germany (utz.reich@wiwi.fh-mainz.de)
The Role Of Money In The Measurement Of Value
Utz-Peter Reich, Fachhochschule Mainz , Germany (utz.reich@wiwi.fh-mainz.de)
Abstract | Paper
Discussant: William A. Barnett, University of Kansas , Lawrence (barnett@wueconc.wustl.edu)
2:00 pm Room(TBA)
Real-Financial Interaction
Session Chair:
Leanne J. Ussher, Queens College/CUNY ( ussher@qc.edu )
Another look into the Phillips' Curve?
Philip Arestis, Cambridge University, UK, and Levy Economics Institute (pa267@cam.ac.uk) and
Malcolm Sawyer, Leeds University Business School, UK (M.C.Sawyer@lubs.leeds.ac.uk)
Abstract | Paper
Discussant: Alan G. Isaac, American University (aisaac@american.edu)
Monetary and Fiscal Interactions: Growth Implications in a Keynesian Economy
Alan G. Isaac, American University (aisaac@american.edu)
Abstract | Paper
Discussant: Malcolm Sawyer, Leeds University Business School, UK (M.C.Sawyer@lubs.leeds.ac.uk)
Betting the Ranch – Some Peculiarities in Recent U.S Household Financial
Behavior
Rob Parenteau , Dresdner RCM Global Investors (Rob.Parenteau@dresdnerRCM.com)
Abstract | Paper
Discussant: Philip Arestis, Cambridge University, UK, and Levy Economics Institute (pa267@cam.ac.uk)
Inflation Targeting and Central Bank Independence : We Are All Keynesians Now! Or Are We?
Malcolm Sawyer, Leeds University Business School , UK (M.C.Sawyer@lubs.leeds.ac.uk) and
Philip Arestis, Cambridge University , UK , and Levy Economics Institute (pa267@cam.ac.uk)
Abstract | Paper
Discussant: Rob Parenteau , Dresdner RCM Global Investors (Rob.Parenteau@dresdnerRCM.com)
4:00 pm Room(TBA)
Consumer Behavior
Session Chair:
Per Gunnar Berglund, Queens College/CUNY ( berglund@qc.edu )
Planning Costs, Financial Education, and Household Saving Behavior
Annamaria Lusardi, Dartmouth College (annamaria.lusardi@dartmouth.edu)
Abstract | Paper
Discussant: Joseph P. Lupton , Board of Governors of the Federal Reserve, ( joseph.p.lupton@frb.gov)
Priming the Pump? Household Responses to the 2003 Tax Cut
Joseph P. Lupton , Board of Governors of the Federal Reserve, ( joseph.p.lupton@frb.gov)
Paper
Discussants: Laurence S. Seidman, University of Delaware (seidmanl@lerner.udel.edu) and
Kenneth A. Lewis, University of Delaware (lewisk@lerner.udel.edu)
What Has Been Learned Since 2001 About Counter-Cyclical Tax Rebates?
Laurence S. Seidman, University of Delaware (seidmanl@lerner.udel.edu) and
Kenneth A. Lewis, University of Delaware (lewisk@lerner.udel.edu)
Abstract | Paper
Discussant: Charles Steindel, Federal Reserve Bank of New York (Charles.Steindel@ny.frb.org)
The Consumption Wealth Effect
Charles Steindel, Federal Reserve Bank of New York (Charles.Steindel@ny.frb.org)
Abstract | Paper
Discussant: Annamaria Lusardi, Dartmouth College (annamaria.lusardi@dartmouth.edu)
Session ends at 5:40 pm.
Dinner at a nearby restaurant will follow at 7:30 pm for participants and spouses, courtesy of Queens College Economics Department. Please RSVP to conference organizers.
