Saturday 9am

Sessions, Saturday, February 24, 4:00 pm

[160] INTERNATIONAL FINANCIAL ISSUES III (JEL Code F)
Session Organizer: Theologos Homer Bonitsis, New Jersey Institute of Technology ( bonitsis@adm.njit.edu)

Session Chair: John Malindretos, Yeshiva University (malindre@yu.edu)

The Role of the Euro in the Financial Architecture of the World

Pellegrino Manfra, Queensborough Community College (rinomanfra@aol.com)

Tax Policies in a Small Open Economy

Mohammed Mohsin, University of Tennessee (mmohsin@utk.edu)

Purchasing Power Parity: Asia vs. Africa

John Malindretos, Yeshiva University (malindre@yu.edu); Augustine C. Arize , Texas A&M University Commerce ( Chuck_Arize@tamu-commerce.edu); and Anthony Pappas , St. John’s University ( Pappasa@stjohns.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[161] AGENT BASED ECONOMICS: FINANCE
Session Organizer: Leanne Ussher, Queens College, CUNY (leanne.ussher@qc.cuny.edu)

Session Chair: Troy Tassier, Fordham University

Automated Trading with Boosting and Expert Weighting”

Germán Creamer, Columbia University (gcreamer@cs.columbia.edu) and Yoav Freund, University of California, San Diego

An Objective Function for Simulation Based Inference on Exchange Rate Data

Vahidin Jeleskovic, University of Giessen (vahidin.jeleskovic@wirtschaft.uni-giessen.de); Manfred Gilli, University of Geneva; and Peter Winker, University of Giessen

Allocative Efficiency of a Speculative Futures Market with Zero-Patience

Leanne Ussher, Queens College, CUNY (leanne.ussher@qc.cuny.edu)

Discussants:

Mauro Gallegati, Universita Politecnic Marche

Erick Rengifo, Fordham

Alan Issac, American University

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[162] SRAFFA'S CONTRIBUTION TO MARXIAN POLITICAL ECONOMY: NEW INSIGHTS FROM THE SRAFFA ARCHIVES (JEL Code B)
Session Organizer: Scott Carter, The University of Tulsa (scott-carter@utulsa.edu)

Session Chair: Ajit Zacharias, Levy Economics Institute of Bard College

From "Pool of Profits" to Surplus and Deficit Industries: Archival Evidence on
the Evolution of Piero Sraffa's Thought
Scott Carter, The University of Tulsa (scott-carter@utulsa.edu)

Commodities are Produced by Labour out of Commodities: Sraffa after Marx: an Open Issue
Riccardo Bellofiore, University of Bergamo

Distribution of Surplus between Social Classes and Value: a "New Interpretation"
of the Marx - Sraffa Connection
Stefano Perri, Università di Macerata

Discussants:
Robert Solow, Massachusetts Institute of Technology

Edward J. Nell, The New School for Social Research
Gary Mongiovi, St. John's University
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[163] ECONOMIC STUDIES OF INFANT HEALTH (JEL Code I)

Session Organizer and Chair: Stacy Sneeringer, Wellesley College (ssneerin@wellesley.edu)

The Multi-Generational Effects of Malaria

Adrienne Lucas, Economics, Wellesley College (alucas3@wellesley.edu)

State Liquor Policies, Maternal Alcohol Consumption, and

Child Outcomes

Tara Watson, Williams College (Tara.watson@williams.edu) and Angela Fertig, Williams College

Pollution and Infant Mortality

Stacy Sneeringer, Wellesley College (ssneerin@wellesley.edu)

Discussants:

Melissa Gonzalez-Brenes, University of Massachusetts, Amherst (mgb@econs.umass.edu)

Michael Grossman, City University of New York Graduate Center (mgrossman@gc.cuny.edu)

Matthew Neidell, Columbia University (mn2191@columbia.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[164] ALTERNATIVES TO INFLATION TARGETING FOR STABLE AND EQUITABLE GROWTH

Session Organizer and Chair: Gerald Epstein, Political Economy Research Institute (PERI), University of Massachusetts, Amherst (gepstein@econs.umass.edu)

Alternatives to Inflation Targeting Monetary Policy: An Overview

Erinc Yeldan, Bilkent University

Inflation Targeting in Brazil: Is There an Alternative?

Nelson H. Barbosa-Filho, Institute of Economics, Federal University, Rio De Janeiro

Monetary and Exchange Rate Regime Policies In Argentina after the Convertibility Regime Collapse

Martin Repetti, CEDES, Buenos Aires, Argentina

Employment Targeting Central Bank Policy for South Africa

Gerald Epstein, University of Massachusetts, Amherst.

Discussants:

Mark Setterfield, Trinity College

Jan Kregel, United Nations

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[165] DOCTORS AND DENTISTS (JEL Code I)

Session Chair: Partha Bhattacharyya, Stony Brook University (pbhattac@ic.sunysb.edu)

Physicians’ Practice Setting in Income Determination: The Value of Flexibility

Partha Bhattacharyya, Stony Brook University (pbhattac@ic.sunysb.edu)

Physicians as Demand Enablers: Competition and Medical Care in the Age of Consumerism

Hai Fang, University of California (haifang@ucdavis.edu)

Preferences and Preventive Dental Care Utilization

Yanan Di, Suny Stony Brook (ydi@ic.sunysb.edu)

Discussion among participants.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[166] FACTORS AFFECTING LABOR SUPPLY (JEL Code J)

Session Chair: Pramod S. Khadka, Georgetown University (psk6@georgetown.edu)

A Model of Child Domestic Labor and Migration

Pramod S. Khadka, Georgetown University (psk6@georgetown.edu)

Health Insurance and Labor Supply Among Recent Immigrants Following the 1996 Welfare Reform

Amy M. Kandilov, University of Michigan (agass@umich.edu)

Discussants:

Amy M. Kandilov, University of Michigan (agass@umich.edu)

Pramod S. Khadka, Georgetown University (psk6@georgetown.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[167] PENSIONS (JEL Code J)

Session Chair: Thomas D. Scheiding, St. Louis University (tscheidi@slu.edu)

Rethinking Government Paternalism with Defined Contribution Pension Plans

Thomas D. Scheiding, St. Louis University (tscheidi@slu.edu)

Private Pensions, Saving, and Financial Education

Marietta Constantinides, Bloomsburg University (mconstan@bloomu.edu)

Retirement, Actuarial Fairness, and Individual Heterogeneity

Na Yin, Stony Brook University (nayinvikki@yahoo.com) and Hugo Benitez-Silva, Stony Brook University

The Impact of Pension Coverage on Formal Company Training

Patrick L. O’Halloran, Monmouth University (pohallor@monmouth.edu)

Discussion among participants.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[168] STUDIES OF SPORTS (JEL Codes L, Z)

Session Chair: Michael A. Leeds University of Michigan (maleeds@umich.edu)

Padding Required: Assessing the Economic Impact of College Football on Host Communities

Victor A. Matheson, College of the Holy Cross (vmatheso@holycross.edu); Robert Baade, Lake Forest College; and Robert Baumann, College of the Holy Cross (rbaumann@holycross.edu)

Soccer Success and Institutions

Eva Marikova Leeds Moravian College (evamarik@umich.edu)and Michael A. Leeds University of Michigan (maleeds@umich.edu)

Discussants:

Eva Marikova Leeds Moravian College (evamarik@umich.edu)

Victor A. Matheson, College of the Holy Cross (vmatheso@holycross.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[169] STUDIES OF INDIA (JEL Codes F, O)

Session Chair: Oscar T. Brookins, Northeastern University (o.brookins@neu.edu)

Economic Growth and the Prospects for India’s Poor

Oscar T. Brookins, Northeastern University (o.brookins@neu.edu)

Impact of Trade Liberalization on Indian Informal Employment

Arpita Banerjee-Chakraborty, University of New Hampshire (arpitab@unh.edu)

Information Technology and Agricultural Exports in India

Bala Veeramacheneni, State University of New York at Farmingdale (veeramb@farmingdale.edu)

Discussants:

Nandita Das, Wilkes University (nandita.das@wilkes.edu)

Bala Veeramacheneni, State University of New York at Farmingdale (veeramb@farmingdale.edu)

Oscar T. Brookins, Northeastern University (o.brookins@neu.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[170] POLICY REFORMS AND OUTCOMES IN TRANSITION ECONOMIES (JEL Codes O, P)

Session Chair: Casimir Dadak, Hollins University (cdadak@hollins.edu)

Can Corporatization Save Chinese State-Owned Enterprises?

David Selover, Old Dominion University, (dselover@odu.edu)

Privatizing Iraqi State Owned Enterprises

Frank R. Gunter, Lehigh University (frg2@lehigh.edu)

Maastricht Criteria and East-Central European Transformation

Casimir Dadak, Hollins University (cdadak@hollins.edu)

Complementary Reforms and the Link between Trade Openness and Growth in Albania

Linda Kaltani, World Bank (lkaltani@worldbank.org)

Discussion among participants.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[171] INFORMATION AND PRODUCT QUALITY (JEL Codes L, Z)

Session Chair: Linus T. Wilson, University of Cincinnati (linus.wilson@uc.edu)

Hidden Debt and the Selectivity of Professional Partnerships

Linus T. Wilson, University of Cincinnati (linus.wilson@uc.edu)

Art Prices and Race: Paintings by African Americans versus Their White Contemporaries

Richard J. Agnello , University of Delaware (agnellor@udel.edu) and Xiaowen Xu, University of Delaware

Discussants:

Tuan Nguyen, Clark University (tuanguyen@clarku.edu)

Linus T. Wilson, University of Cincinnati (linus.wilson@uc.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[172] TRADE POLICY AND TRADE DISPUTES (JEL Code F)

Session Chair: Maryanne Clifford, Eastern Connecticut State University (cliffordm@easternct.edu)

Productivity Matters for Trade Policy: Theory and Evidence

Baybars Karacaovali, Fordham University (karacaovali@fordham.edu)

Trade Liberalization, Revenue Constraints and Allocation of Foreign Aid

JavedYounas, West Virginia University (jayounas@mail.wvu.edu) and SubhayuBandyopadhyay, West Virginia University

Graduation Criteria of the U.S. Generalized System of Preferences (GSP) Program: An Assessment for Greater Equitable Benefit Distribution for Developing Countries

Benoit Brookens, II, ILAB, U.S. Department of Labor (brookens.benoit@DOL.gov) and SharonTerrell, University of the District of Columbia

Discussants:

Javed Younas, West Virginia University ( jayounas@mail.wvu.edu)

Benoit Brookens, II, ILAB, U.S. Department of Labor (brookens.benoit@DOL.gov

Baybars Karacaovali, Fordham University (karacaovali@fordham.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[173] STUDIES OF TOURISM (JEL Codes F, Q, R)

Session Chair: Mark S. LeClair, Fairfield University (mleclair@mail.fairfield.edu)

Valuation of Cultural and Natural Resources in North Cascades National Park

Robert W. Turner, Colgate University (rturner@mail.colgate.edu) and Blake Willmarth, University of Pennsylvania

Open-Space Preservation: The Role of Agri-tourism in Suburban Connecticut

Mark S. LeClair, Fairfield University (mleclair@mail.fairfield.edu)

Canadian Demand for International Tourism

Ilter Bakkal, Bridgewater State College (ibakkal@bridgew.edu)

The Strategy of Bolstering Competitiveness of Tourism: The Case of Corfu Island

Panayiotis Curtis, Technological Educational Institute of Chalkida (pcurtis@teihal.gr)

Discussion among participants.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[174] MONETARY THEORY AND POLICY (JEL Code E)

Session Chair: Yilma Gebremariam, Southern Connecticut State University (gebremariay1@southernct.edu)

The Stock of Time and Saving Deposits in Keynes’s Monetary Theory of Production

Christy Huebner Caridi, Marist College (Christy.caridi@marist.edu)

An Empirical Investigation of the Overall Consistency of the Keynesian Demand for Money Model as Applied to the U.S. Manufacturing Sector

Vincent Driscoll, Quinnipiac University (Vincent.driscoll@quinnipiac.edu); David T.Cadden, Quinnipiac University; and Dean Mark Thompson, Quinnipiac University

Optimal Monetary Policy and Equilibrium Determinacy in a Financial Fragile Economy

Ufuk D. Demirel, University of Colorado at Boulder (demirel@colorado.edu)

The Price Puzzle and the Cost Channel in Monthly and Quarterly Data

Pavel S. Kapinos, Carleton College (pkapinos@carleton.edu)

Discussion among participants.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[175] A DEBATE ABOUT POST KEYNESIAN ECONOMICS AND PUBLIC POLICY (JEL Code E)
Session Organizers: RichardHolt, Southern Oregon University and StevePressman, Monmouth University
Session Chair: RichardHolt, Southern Oregon University

Post Keynesian Economics and the Development of Public Policy
Presenters: RichardHolt, Southern Oregon University and StevePressman, Monmouth University

Discussants:
Marc Lavoie, University of Ottawa,
Ingrid Rima, Temple University
David Colander, Middlebury College

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[176] TOPICS IN HEALTH ECONOMICS II (JEL Code I)

Session Organizer and Chair: Kelly Noonan, Rider University and NBER (knoonan@rider.edu)

Crime and Circumstance: the Effects of Infant Health Shocks on Fathers' Criminal Activity

Nancy E. Reichman, University of Medicine and Dentistry of New Jersey (reichmne@umdnj.edu); HopeCorman, Rider University and NBER (Corman@rider.edu ); Kelly Noonan, Rider University and NBER (knoonan@rider.edu) ; and Ofira Schwartz-Soicher, University of Medicine and Dentistry of New Jersey ( schwarof@umdnj.edu)

The Effect of Nicotine Replacement Therapy Advertising on Youth Smoking

Henry Saffer, NBER; Melanie Wakefield, The Cancer Council Victoria, Carlton, Victoria, Australia (hsaffer@gc.cuny.edu ); Yvonne Terry-McElrath, Institute for Social Research, University of Michigan ( yterry@isr.umich.edu ); Frank Chaloupka, University of Illinois at Chicago ( fjc@uic.edu ); Lloyd D.Johnston, Institute for Social Research, University of Michigan ( lloydj@isr.umich.edu ); and Patrick M.O’Malley, Institute for Social Research, University of Michigan ( pomalley@isr.umich.edu )

Medicare & Health Behaviors

Dhaval Dave, Bentley College and NBER ( ddave@bentley.edu); and Robert Kaestner, University of Illinois Chicago and NBER (kaestner@uic.edu)

In Sickness and in Health: The Relationship between Marital Status and Health

Susan Averett, Lafayette College ( Averetts@lafayette.edu); Laura Argys, University of Colorado at Denver (laura.argys@cudenver.edu) and Joanna Sikora, Cornell University ( jes259@cornell.edu)

Discussants:

Michele Ver Ploeg , Economic Research Service, USDA (SVERPLOEG@ers.usda.gov) Sandy Decker , National Center for Health Statistics, Centers for Disease Control and Prevention ( SDecker@CDC.GOV ) KerryAnne McGeary , Drexel University ( kmcgeary@drexel.edu )

Inas Rashad, Andrew Young School of Policy Studies, Georgia State University ( irashad@gsu.edu)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

<room> <Saturday, February 24, 4:00pm> [177] IPE SESSION

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

[178] ROUNDTABLE ON GLOBAL IMBALANCES AND ECONOMIC DEVELOPMENT(JEL Code O)

Second of Two Sessions

Session Organizers: Matías Vernengo, University of Utah (vernengo@economics.utah.edu) and Esteban Pérez Caldentey, ECLAC (eperez@eclacpos.org)

Session Chair: Esteban Pérez Caldentey, ECLAC (eperez@eclacpos.org)

Panelists:

Mario Cimoli , ECLAC (cimoli@ eclacpos.org)

Korkut Erturk, University of Utah (erturk@economics.utah.edu)

Igor Paunovic, ECLAC (igor.paunovic@cepal.org)

Pablo Ruiz Nápoles, UNAM (ruizna@servidor.unam.mx)

Per Berglund, Economy.com (PBerglund@economy.com)

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

USBIG Session 8: Alternative Anti-Poverty Programs(JEL Codes H, I)

Session Organizer: USBIG Network

Almaz Zelleke, The New School (zellekea@newschool.edu)

Wage Subsidies vs. the Basic Income Guarantee: Some Equity and Efficiency Considerations of two Approaches to Aid the Poor

James B. Bryan, Manhattanville College (bryanj@mville.edu)

A NAFTA Dividend: A Proposal for a Guaranteed Minimum Income for North America

Michael Howard, The University of Maine (Michael_Howard@umit.maine.edu)

The Success of Grameen Bank and its Replication in the U.S.

Sabrina Quaraishi, The New School (quars810@newschool.edu)