Download FINAL CONFERENCE PROGRAMME 13th International Conference

FINAL CONFERENCE PROGRAMME
13th International Conference Developments in Economic
Theory and Policy
Bilbao, June 23-24, 2016
PRESENTATION
The Department of Applied Economics V of the University of the Basque Country UPV/EHU
(Spain) and the Cambridge Centre for Economic and Public Policy, Department of Land
Economy of the University of Cambridge (United Kingdom), are organizing the 13th
International Conference Developments in Economic Theory and Policy. The Conference is
held in Bilbao (Spain), from the 23th to the 24th June 2016, at the Faculty of Economics and
Business of the University of the Basque Country UPV/EHU.
1
CONFERENCE COMMITTEES
Scientific Committee
Oscar Afonso (University of Porto)
Philip Arestis (University of Cambridge and University of the Basque Country UPV/EHU)
Eugenia Correa (Universidad Nacional Autónoma de México)
Jerome Creel (OFCE - Sciences Po and ECSP EUROPE)
Jesús Ferreiro (University of the Basque Country UPV/EHU)
Giuseppe Fontana (University of Leeds)
Eckhard Hein (Berlin School of Economics)
Kosta Josifidis (University of Novi Sad)
John McCombie (University of Cambridge)
Malcolm Sawyer (University of Leeds)
Felipe Serrano (University of the Basque Country UPV/EHU)
Organizing Committee
Kepa Astorkiza (University of the Basque Country UPV/EHU)
Marisol Esteban (University of the Basque Country UPV/EHU)
Jesús Ferreiro (University of the Basque Country UPV/EHU)
Catalina Gálvez (University of the Basque Country UPV/EHU)
Carmen Gómez (University of the Basque Country UPV/EHU)
Ana González (University of the Basque Country UPV/EHU)
Patricia Peinado (University of the Basque Country UPV/EHU)
Carlos Rodríguez (University of the Basque Country UPV/EHU)
Felipe Serrano (University of the Basque Country UPV/EHU)
Ikerne del Valle (University of the Basque Country UPV/EHU
2
CONFERENCE PROGRAMME
THURSDAY 23
8.00 - Registration
8.30 – 10.25 Parallel Sessions
Organized Session European Fiscal Policies: Opportunities and obstacles for a fiscal
expansion. Organizer and Chair Achim Truger (Berlin School of Economics and Law
and Macroeconomic Policy Institute of Hans-Boeckler-Foundation; Room: Salón de
Grados)
• Georg Feigl (Austrian Chamber of Labour, division of economics and statistics)
European Fiscal Policy 2016-2020. Further flexibility or a new wave of austerity?
• Luís Lopes and Margarida Antunes (University of Coimbra) From budgetary
instrument to the budgetary objective: the Portuguese case
• Jorge Uxó (University of Castilla - La Mancha), Nacho Álvarez (Autonomous
University of Madrid) and Eladio Febrero (University of Castilla - La Mancha), Is the
end of austerity feasible in Spain?
• Achim Truger (Berlin School of Economics and Law and Macroeconomic Policy
Institute of Hans-Boeckler-Foundation, Duesseldorf, Germany) Perspectives for
expansionary fiscal policies in the EU: Some calculations based on fiscal multipliers
and endogenous 'potential growth'
Environment, natural resources and sustainable development (Chair: Terry Barker;
Room B 0.1)
• Aleix Altimiras-Martin (University of Campinas) Towards characterising a materially
sustainable structure for the (bio)economy: Defining its operational principles and
identifying research gaps to guide its technological transition
• María Cristina Vallejo (FLACSO-Ecuador), Pablo Samaniego (FLACSO-Ecuador)
and Joan Martínez-Alier (ICTA - Universitat Autònoma de Barcelona) Commercial
and biophysical deficits in South America
• Mohammed Touitou (University of Algiers 3) A CGE analysis of the macroeconomic
effects of carbon dioxide emission reduction on the Algerian economy
• José A. Tapia (Drexel University) Oil prices and the global economy: A causal
investigation
Monetary economics and policy I (Chair: Carlos Rodriguez; Room B 0.2)
• Nikola Fabris (Central Bank of Montenegro and Belgrade University) and Nina
Vujanović (Central Bank of Montenegro) The impact of financial dollarization on the
inflation targeting: Empirical evidence on Serbia
• Eusebio Ortiz Zarco (Escuela Superior de Economía-Instituto Politécnico Nacional),
Gerardo Ángeles Castro (Escuela Superior de Economía-Instituto Politécnico
Nacional) Ruth Ortiz Zarco (Universidad Nacional Autónoma de México) Rethinking
monetary policy. An approach with the forward premium anomaly
• Abdelaziz Essayem (University La Manouba) The Taylor rule and the magement of
monetary policy: A study of the determination of the reaction function of the Tunisian
Central Bank
3
Population, labour markets and employment I (Chair: Felipe Serrano; Room B 0.3)
• Alessandro Galesi (Bank of Spain) and Claudio Michelacci (Einaudi Institute for
Economics and Finance) Job destruction without job creation: Structural
transformation in the overborrowed America
• Anna Botasso (University of Genova), Maurizio Conti (University of Genova) and
Giovanni Sulis (University of Cagliari, CRENoS and IZA) Firm dynamics and
employment protection: Evidence from sectoral data
• Joanna María Bashford Fernández and Manuel Hernández Muñiz (University of
Oviedo) Credit and local employment multipliers in the Spain of the Euro.
Graduate Students Session I (Chair: Ana González; Room B 0.4)
• Helena Domínguez and Luis A. Hierro (University of Seville) A cross-country
perspective on the effects of European Central Bank monetary policy
• Sylvia Johanna Strawa (University of Leeds) The ECB monetary policy and regional
interest rate convergence
• Jan D. Weber (University of Bamberg) What to learn from Keynes’ Clearing Union
for the European Union and the Eurozone in a post-2008 time
• Alvaro Santos-Rivera (European Central Bank and Kingston University) Liquidity
preference and capital constraints as determinants of credit rationing by banks: A
Stock-Flow Consistent (SFC) approach
Debt and economic growth (Chair: Fernando Ferrari Filho; Room B 0.7)
• Umar Hummad (National University of Science and Technology) Debt relief for
emerging economies: An empirical investigation
• Arsène Aurélien Njamen Kengdo (University of Dschang), Luc Nembot Ndeffo
(University of Dschang) and Desiré Avom (University of Yaoundé II) Does external
debt matter for economic growth and domestic investment?
• João de Sousa Andrade (University of Coimbra) and Irina Syssoyeva-Masson
(University of Savoy Mont Blanc) Investigating the presence of long memory and
non-stationarity in debt series and its relation with growth
10.25 – 10.50 Coffee-Break
10.50 – 11.45 Keynote speaker: Irene van Staveren (Erasmus University
Rotterdam) “Dutch banking culture six years after the fall of ABN AMRO
bank” (Chair: Eugenia Correa. Room: Aula Magna)
11.45 – 13.40 Parallel Sessions
Special Session Financial Liberalisation I (Chair: John McCombie; Room: Salón de
Grados)
• Philip Arestis (University of Cambridge and University of the Basque Country
UPV/EHU) Financial liberalisation, the finance-growth nexus, financial crises and
policy implications
• Malcolm Sawyer (University of Leeds) Towards de-financialisation
• Jesús Ferreiro and Carmen Gómez (University of the Basque Country UPV/EHU)
Financialisation and financial balance sheets of economic sectors in the Euro Area
4
Organized Session Teaching innovation in economics I. Organizer and Chair: Patricia
Peinado (University of the Basque Country UPV/EHU). (Room B 0.1)
• Ana Blanco, Galder Guenaga, Goizalde Hernando and María Azucena Vicente
(University of the Basque Country UPV/EHU) Visiting companies as teaching
resource: experiential learning outside the classroom
• Ana María Ferrero, María Alvarez and Arantza Ugidos (University of the Basque
Country UPV/EHU) Study time management by college students. A case study
• Jaione Mondragon, David Mérida, Ion Baratas, Leyre Caballero, Sonha Urinova,
Santiago Gonzalez, Arantxa Elizondo, Alberto de la Peña, Sergio Monge and Rosa
Maria Ahumada (University of the Basque Country UPV/EHU) Learning through
debate: techniques for an autonomous and cooperative learning by means of the
University Debate
Income Distribution and Inequality I (Chair: Novica Supic; Room B 0.2)
• Yadollah Dadgar (Beheshty University) and Rohollah Nazari (Ferdowsi University)
The impact of government size on distribution of income in Iran and selected
countries
• Sedat Alataş, Hatice Küçükkaya and Hikmet Mengüaslan (Adnan Menderes
University) Quarter of the World GDP: inequality and growth analysis for four
countries from historical perspective
• Claudio Roberto Amitrano (IPEA, Capes and SOAS, University of London) Income
distribution, productive structure and growth in South America
Latin American economies (Chair: Pablo Aguirre; Room B 0.3)
• Eduardo Maldonado Filho (Universidade Federal Do Rio Grande Do Sul), Fernando
Ferrari Filho (Universidade Federal Do Rio Grande Do Sul and Conselho Nacional de
Desenvolvimento Científico e Tecnológico), and Marcelo Milan (Universidade
Federal Do Rio Grande Do Sul) Why the Brazilian economy does not grow
dynamically and sustainably? A Kaleckian and Keynesian analysis
• Luiz Fernando de Paula (University of the State of Rio de Janeiro FCE/UERJ),
Manoel Carlos Pires (Instituto de Pesquisa Econômica e Aplicada IPEA), João
Adelino de Faria (Centro Universitário Volta Redonda Unifoa) and Tiago Rinaldi
Meyer (PPGCE/UERJ) Capital account liberalization, economic performance and
macroeconomic stability in Brazil: an empirical assessment
• Elena Soihet (Federal University of Rio de Janeiro) Is the Brazilian external policy in
a trap?
• Alberto Botta (University of Greenwich) Dutch Disease-cum-financialization booms
and external balance cycles in developing countries
Graduate Students Session II (Chair: Ricardo Bustillo; Room B 0.4)
• Itsaso Lopetegui and Ikerne del Valle (University of the Basque Country UPV/EHU)
Risk analysis on the distribution of fishing quotas in the EU
• Joris Tieleman (Institute for Housing and Urban Development Studies, Erasmus
University) The shifting cityscape of Amsterdam. Using AGIS to analyze
gentrification patterns through relative housing prices
• María Angeles Gomez (University Complutense of Madrid) Regulatory changes in the
German gas market and its effects on corporate strategies. The case of E.ON 20022013
5
European Integration I (Chair: Paolo Ramazzotti; Room B 0.7)
• Pablo Podadera Rivera and Anna Garashchuk (University of Malaga) Conceptual
model of strategic partner’s attractiveness for the EU. Can the Eurasian Economic
Union headed by Russia become strategic partner for the European Union?
• Pedro Bação and António Portugal Duarte (University of Coimbra) Deflation in the
Euro Zone: Theoretical and empirical analysis
• Michele Boglioni and Stefano Zambelli (University of Trento) European economic
integration and comparative advantages
13.40 – 14.45 Lunch
14.45 – 15.40 Keynote speaker: Luis Carlos Bresser Pereira (Fundação
Getúlio Vargas) “New developmentalism and its Developmental
Macroeconomics” (Chair: Philip Arestis. Room: Aula Magna)
15.40 – 16.00 Coffee-Break
16.00 – 17.55 Parallel Sessions
Organized Session Fiscal and monetary policies in turbulent times. Organizer Eugenia
Correa (Universidad Nacional Autónoma de México). (Chair Jesús Ferreiro; Room:
Salón de Grados)
• Malcolm Sawyer (University of Leeds) The Economic and Monetary Union: Past and
present failures and some future possibilities
• Mario Seccareccia (University of Ottawa) From the conventionalism of
‘unconventional’ central bank policy to a monetary policy of desperation: A critical
look at the international experience since the financial crisis
• Paolo Ramazzotti. (Università di Macerata) Macroeconomic policy and the neoliberal
project
Organized Session Alternative economic visions to confront the neoliberal perspective:
from humanistic management to the economy of the common good. Organizer and
Chair Ricardo Aguado (Deusto Business School, University of Deusto) (Room B 0.1)
• Íñigo Calvo (Deusto Business School, University of Deusto) Population ageing in
postindustrial societies: Trends and socioeconomic influence
• Jabier Martínez and José Vicandi (Deusto Business School, University of Deusto) The
firm: Economic Science and the social doctrine of the Church, an necessary contrast
• Ricardo Aguado, Leire Alcañiz and José Luis Retolaza (Deusto Business School,
University of Deusto) The role of business and freedom of entreprenurial activity in a
world in need of responsibility
• Massimo Cermelli (Deusto Business School, University of Deusto) Civil economy: A
way to progress the common good
6
Human capital and development (Chair: Catalina Gálvez; Room B 0.2)
• Carlos Bethencourt and Fernando Perera-Tallo (Universidad de La Laguna) On the
complementarities between human capital and public revenues: Consequences for
development
• Marta C.N. Simões, João A.S. Andrade and Adelaide P.S. Duarte (GEMF, University
of Coimbra) Differences in human capital and openness to trade as barriers to growth
and convergence in the EU
• Bülent Doğru (Gumushane University) Immigration and economic conditions
interactions in traditional, postcolonial and new immigration countries: Bootstrap
panel Granger causality approach.
Housing and infrastructure investments (Chair: Michelle Baddeley; Room B 0.3)
• Konstantin A. Kholodilin (German Institute for Economic Research, DIW Berlin)
Fifty shades of state: Quantifying housing market regulations in Germany
• Vicente Sánchez and Mónica Puente (Universidad Complutense de Madrid)
Investment in infrastructure in the framework of the European Union: diagnosis and
challenges in Spain
• Talita Greyling (University of Johannesburg) Non-economic quality of life and
population density in South Africa
Financialisation, financial markets and financial agents I (Chair: Juan Barredo; Room
B 0.4)
• Rosa Mª Ahumada and Ainhoa Goienetxea (University of the Basque Country
UPV/EHU) The investment made in Venture Capital by Employment Voluntary
Provident Societies and Employment Pension Funds
• Pablo Aguirre (Complutense Institute of International Studies, Complutense
University of Madrid) Capital account regulation in Brazil and Peru. An econometric
analysis of effectiveness
• José Reyes-Duran y Fabian Zavala (Universidad Nacional Autónoma de México)
Banking and insurance an economic a politician approach, in the case of Guanajuato
Mexico
• Patrycja Chodnicka-Jaworska and Piotr Jaworski (University of Warsaw) Banks credit
ratings – is the size of the credit rating agency important?
Asian economies (Chair: Carlos Rodríguez; Room B 0.7)
• Andoni Maiza and Ricardo Bustillo (University of the Basque Country UPV-EHU)
Analysis of social reforms in China: Challenges of the 13th Five-Year Plan 2016-2020
• Linh K. Bui (Institute of World Economics and Politics,Vietnam Academy of Social
Sciences), Huyen N. Hoang(The Australian National University) and Hang T. Bui
(Vietnam Centre for Sustainable Rural Development) Estimating the constant
elasticity of substitution function of rice production. The case of Vietnam in 2012
7
17.55 – 19.20 Parallel Sessions
Special Session on Housing I (Chair: Philip Arestis; Room: Salón de Grados)
• Christian Beer and Karin Wagner (Central Bank of Austria) How did the housing cost
burden of households evolve since the beginning of the financial crisis?
• Marisol Esteban and Amaia Altuzarra (University of the Basque Country UPV/EHU)
The impact of the housing crisis in the Spanish economy and prospects for the future
• Mo Jia (University of Cambridge) House prices in China
Organized Session Teaching innovation in economics II. Organizer and Chair: Patricia
Peinado (University of the Basque Country UPV/EHU) (Room: B 0.1)
• Pilar González, Susan Orbe, Mª Victoria Esteban and Marta Regúlez (University of
the Basque Country UPV/EHU) TBL methodologies in large classes with limited
resources: the case of Econometrics
• Amaia Altuzarra, Eva Bea, Ricardo Bustillo, Catalina Gálvez, Carmen Gómez, Ana
González, Andoni Maiza and Patricia Peinado (University of the Basque Country
UPV/EHU) Collaborative work, roles of responsibility and optional digital tools
(TCRR-digit)
• Ikerne del Valle, Kepa Astorkiza, Javier Garcia and Aitor Ciarreta (University of the
Basque Country UPV/EHU) Teaching economics with Mathematica
Innovation and entrepeneurship (Chair: Ricardo Aguado; Room B 0.2)
• Yakushev Anatoliy Alekseevich (Financial University under the Government of the
Russian Federation (Chelyabinsk) Perfection of the mechanism of state financial
support of innovative-cyclic activities of small and medium-sized business enterprises
• Jokin Cearra (Bilbao Chamber of Commerce University College) and María Saiz
(University of the Basque Country UPV/EHU) Differences in risk perception between
entrepreneurs and intrapreneurs
• Elías Humberto Peraza Castaneda and Guillermo Aleixandre Mendizábal (University
of Valladolid) Is homogeneous the innovative behaviour of low technology`s Spanish
firms?
Exchange rates (Chair: Bülent Doğru; Room B 0.3)
• Ana Cardoso and Antonio Portugal Duarte (University of Coimbra) The impact of the
Chinese exchange policy on foreign trade with the European Union
• Jan Priewe (HTW Berlin – University of Applied Sciences) The direct and indirect
impact of the dollar-euro exchange rate on the euro area, the U.S. and the world
economy
• Sanja Grubacic (Southern Connecticut State University) and Julian Schuster (Webster
University) Economic Liberalization and the Real Exchange Rate in Transition
Economies
8
Presentation of books (Chair: Andoni Maiza; Room B 0.4)
• Ronald Miranda and Gabriela Mordecki (Universidad de la República) Crisis,
recuperación y auge: 15 años de política económica en Uruguay (2000-2014) (Crisis,
recovery and boom: 15 years of economic policy in Uruguay 2000-2014)
• Ana Blanco (University of the Basque Country UPV/EHU) Gestión de entidades
financieras. Un enfoque practico de la gestión bancaria actual (Management of
financial entities. A practical approach of current bank management)
• Hasse Ekstedt (University of Gothenburg) Economics, Power and Ethics. From
behavioural rules to global structures
Gender studies (Chair: Irene van Staveren; Room B 0.7)
• Kalpana Khanal (Nichols College) Remittance flows and transnational household. A
gendered perspective
• Eugenia Correa, María Luisa González and Patricia Rodríguez (Mexico National and
Autonomous University) Gender Approaches in the Millennium Sustainable
Development Objectives: How much has changed in fifteen years
• Eugenia Leone and Paulo Baltar (Institute of Economics, University of Campinas)
Socially inclusive economic growth and the reduction of gender inequalities in the
labour market
20.00 - 21.00 Cocktail (Ercilla Hotel)
21.00 Conference Dinner (Ercilla Hotel)
9
FRIDAY 24
8.20 - Registration
8.40 – 10.40 Parallel Sessions
Special Session Financial Liberalisation II (Chair: Philip Arestis; Room: Salón De
Grados)
• Ilene Grabel (University of Denver) Capital controls in a time of crisis
• John McCombie (University of Cambridge) and Marta Spreafico (Catholic University
of the Sacred Heart) Capital controls and the Icelandic banking collapse. An
assessment
• Annina Kaltenbrunner (University of Leeds) Stemming the tide: capital account
regulations in developing and emerging countries
• Terry Barker and Adam Hutter (Cambridge Econometrics and University of
Cambridge) Financialization of the global economic system
Monetary economics and policy II (Chair: Oscar Bajo; Room B 0.1)
• Paweł Marszałek (Poznań University of Economics and Business) and Katarzyna
Czernek (Katowice University of Economics) Systems and features of local money
• Olivier Habimana (Jönköping University and University of Rwanda) Rethinking the
liquidity effect and the long-run monetary neutrality: A wavelet multiresolution
analysis
• Carme Riera i Prunera and Yolanda Blasco-Martel (Universitat de Barcelona)
Quantity theory of money for Spain: 1883-1998
Industrial policies in developed and emerging and developing economies (Chair: Julio
Castellano; Room B 0.2)
• Luiz Carlos Bresser-Pereira (Getulio Vargas Foundation- FGV-SP), André Nassif
(Fluminense Federal University and Brazilian Development Bank- BNDES) and
Carmem Feijo (Fluminense Federal University) The case for reindustrializing the
Brazilian economy: Connecting the macroeconomic regime and the industrial policy
• José Curbelo Ranero (Universidad Camilo José Cela) and Juan Miguel Sans (Alium
Consulting) Economic policies for the competitive transformation of the Spanish
economy
• Jihène Malek (University El Manar) Industrial policy and economic development
theories, what is next?
• Jan Priewe (HTW Berlin – University of Applied Sciences) Keynes in Ethiopia?
Explaining Ethiopia’s high growth and its challenges
10
Income Distribution and Inequality II (Chair: Yadollah Dadgar; Room B 0.3)
• Hanna Szymborska (University of Leeds) Inequality in the twenty-first century .In
need of a new theory?
• Delfina Rossi and James Galbraith (The University of Texas at Austin) Exchange rates
and industrial wage inequality in open economies
• Hipólito Pereira and Adelaide Duarte (GEMF, University of Coimbra) Economic
growth under the effect of tertiarisation on inequality: A threshold analysis applied to
OECD countries
• Dirk Bezemer and Anna Samarina (University of Groningen) Financial development
and income inequality in Europe: A closer look
Population, labour markets and employment II (Chair: Felipe Serrano; Room B 0.4)
• David Cantarero-Prieto, Marta Pascual-Sáez and Carla Blázquez-Fernández
(University of Cantabria) Testing the effect of ageing in European Union countries on
savings
• Mohamed S.H. Kamara (Leeds Beckett University), Malcolm C. Sawyer (University
of Leeds) and Giuseppe Fontana (University of Leeds) The role of migration in a
monetary union: Assessing the effectiveness and socio-economic implications for
West Africa
• Mark G. Hayes (Durham University Business School) Trades unions, real wages and
full employment
Human Well-Being (Chair: Jesús Ferreiro; Room B 0.7)
• Ronald Inglehart (University of Michigan and Higher School of Economics (Russia)),
Eduard Ponarin (Higher School of Economics (Russia)), and Francesco Sarracino (
Institut national de la statistique et des études économiques du Grand-Duché du
Luxembourg (STATEC)) Explaining Russian exception: containing income inequality
promotes life satisfaction
• Talita Greyling (University of Johannesburg) Internet access and Subjective WellBeing in Gauteng, the economic centre of South Africa
• Lorraine Greyling and Halen Bothma (University of Johannesburg) Asset Poverty in
South Africa
10.40 – 11.05 Coffee-Break
11.05 – 12.00 Invited speaker: Santiago Carbó Valverde (Bangor
University) “Banking and financial digitalization” (Chair: Felipe Serrano.
Room: Aula Magna)
12.00 - 13.25 Parallel Sessions
Special Session on Housing II (Chair: Malcolm Sawyer; Room Salón de Grados)
• Michelle Baddeley (University of London) Housing market instability: an
international analysis of impacts on poverty and inequality
• Philip Arestis (University of Cambridge and University of the Basque Country
UPV/EHU) and Ana Rosa Gonzalez-Martinez (Cambridge Econometrics) Job
precariousness: a new channel in the housing market cycle
11
European Integration II (Chair: Paweł Marszałek, Room B 0.1)
• Marcin Roman Czubala and Mónica Puente Regidor (Universidad Complutense de
Madrid ) Economic governance and crisis: is monetary policy enough to safe the euro?
Time of Politics
• Irina Syssoyeva-Masson (University of Savoy Mont Blanc) and João de Sousa
Andrade (University of Coimbra) Are PIIGS so different? An empirical analysis of
demand and supply shocks
• Jesus Ferreiro, Catalina Gálvez, Carmen Gómez and Ana Gonzalez (University of the
Basque Country UPV/EHU) Economic crisis and Eurozone’s economic coherence
Economic growth (Chair: Jan Priewe, Room B 0.2)
• Roger Alejandro Banegas (Autonomous University Gabriel René Moreno UAGRM)
and Andrés Blancas (National Autonomous University of Mexico UNAM) Public
spending, economic growth and social welfare under the foreign saving moderating
effect: The Mexican experience
• Dragan Tevdovski, Katerina Tosevska-Trpcevska and Elena Makrevska Disoska
(University “Ss. Cyril and Methodius”, Skopje) What is the role of innovation in
productivity growth in Central and Eastern European countries?
• Michael Roberts Economic recessions and depressions: theory and policy
Graduate Students Session III (Chair: Eugenia Correa; Room B 0.3)
• Phanwin Yokying (American University) Asset ownership and food security in Ghana
• Leire Pertika (University of the Basque Country UPV/EHU) The EU aid effectiveness
in SE4ALL Africa Hub
• Elias Pereira (University of Porto) Financial integration, duality in labor markets and
government policies. A tale with underground roots
Advances in Economic Theory and Econometrics (Chair: Patricia Peinado; Room B 0.4)
• Francesco Sarracino ( Institut national de la statistique et des études économiques du
Grand-Duché du Luxembourg (STATEC)) and Małgorzata Mikucka (University of
Louvain-la-Neuve and Higher School of Economics (Russia)) Estimation bias due to
duplicated observations: a Monte Carlo simulation
• Mikel Lombillo A portfolios theory essay. The Laplace equation
• Hasse Ekstedt (University of Gothenburg) Equilibrium, disequilibrium and money
Financialisation, financial markets and financial agents II (Chair: Wlodzimiercz
Dymarski; Room B 0.7)
• Asier Garayeta and J. Iñaki De La Peña (University of the Basque Country
UPV/EHU) A quality analysis of SCR for life underwriting risk in Europe: Solvency
II versus Swiss solvency test
• Patrycja Chodnicka–Jaworska (University of Warsaw) Banks’ credit rating changes
and their stock prices. The impact of political divisions and economy development
13.25 – 14.30 Lunch
12
14.30 – 16.25 Parallel Sessions
Organized Session National and international economic policies. Organizer NIFIP –
Núcleo de Investigação em Finanças Públicas e Política. Chair Abel L. C. Fernandes
(University of Porto and NIFIP) (Room: Salón de Grados)
• Abel L. Costa Fernandes and Paulo Tavares Mota (University of Porto and NIFIP) Is
inflation a monetary phenomenon in the euro zone?
• Paulo R. Mota (University of Porto and NIFIP), Paulo B. Vasconcelos (University of
Porto and Centre of Mathematics at the University of Oporto) and Abel L.C.
Fernandes (University of Porto and NIFIP) Employment hysteresis and interest rate
dynamics
• Maria Siranova (University of Economics in Bratislava) and Manuel Duarte Rocha
(University of Porto and NIFIP) Determinants shaping the international currency
system: Where do currencies stand relative to their equilibria?
Financialisation, financial markets and financial agents III (Chair: Juan Barredo, Room
B 0.1)
• Bruno Bonizzi (SOAS, University of London – University of Winchester ) and Annina
Kaltenbrunner (University of Leeds) Institutional investors liabilities and emerging
markets
• Dirk Bezemer (University of Groningen) and Michael Hudson (University of
Missouri, Kansas City, and Peking University) Finance is not the economy: Reviving
the conceptual distinction
• Wlodzimiercz Dymarski (Poznan University of Economics and Business) Relationship
between financial system and the real economy from a perspective of the system
theory
• Eszter Wirth and Juan Manuel Ramirez-Cendrero (Universidad Complutense de
Madrid) Sovereign Wealth Funds and their coordination with fiscal and monetary
policies in oil exporting countries. The cases of Norway, Saudi Arabia, Kuwait, Qatar,
and the United Arab Emirates
Foreign trade and exchange rates (Chair: Luiz Fernando de Paula; Room B 0.2)
• Ronald Miranda and Gabriela Mordecki (Universidad de la República) Real exchange
rate volatility impact on exports: A comparative study 1990-2013
• José Luis Oreiro and Luciano DAgostini (Instituto de Economia da Universidade
Federal do Rio de Janeiro) Terms of trade, real exchange rate over-valuation and deindustrialization: Theory and empirical evidence on Brazilian case (2003-2015)
• Ricardo Bustillo, Ikerne del Valle and Kepa Astorkiza (University of the Basque
Country UPV/EHU) Modelling international markets for European anchovy trade
13
Economic crisis: theory and policy, causes and consequences II (Chair: Michael
Roberts; Room B 0.3)
• André Moreira Cunha (Department of Economics and International
Relations/UFRGS), Lucas Ulguim Lopes (Banco Regional de Desenvolvimento do
Extremo Sul BRDE/Brazil), Marcos Tadeu Caputi Lélis (Department of
Economics/Unisinos), Andrés Ernesto Ferrari Haines (Department of Economics and
International Relations/UFRGS) The countercyclical role of state-owned banks: the
Brazilian experience in the 2000s
• Alaitz Artabe and Waleska Sigüenza (University of the Basque Country UPV/EHU)
The effect of the economic recession on private health insurance expenditure in Spain
• Mariana Spatareanu (Rutgers University), Vlad Manole (Rutgers University) and Ali
Kabiri (University of Buckingham) Bank distress and firm performance during the
Great Recession. Evidence from Ireland
Graduate Students Session IV (Chair: Ana Rosa González; Room B 0.4)
• Saulo C. Abouchedid (University of Campinas and Guest Research at the Freie
Universität Berlin’s Institute for Latin America Studies) The economics of exchange
rate policy in emerging countries within the financial globalization framework
• Albertus Kurniadi Hendartono (University of Leeds) The effectiveness of monetary
policies in managing the capital flows: An assessment on the recent Indonesian
experience
• Julen Bollain (University of the Basque Country UPV/EHU) Unconditional basic
income and social economy: A connection attempt
16.25 – 16.45 Coffee-Break
16.45 – 18.40 Parallel Session
Income Distribution and Inequality III (Chair: Mario Seccareccia; Room Salón de
Grados)
• Oscar Bajo‐Rubio (Universidad de Castilla‐La Mancha) Distribution and aggregate
demand: Implications of the Bhaduri‐Marglin model
• Philip Arestis (University of Cambridge and University of the Basque Country
UPV/EHU) and Carolina Troncoso Baltar (University of Campinas) Income
distribution and economic growth: a critical approach
• Kosta Josifidis, Novica Supić, Emilija Beker Pucar and Slađana Srdić (University of
Novi Sad) Institutional quality and income inequality in advanced countries
Urban and regional economics (Chair: Mónica Puente; Room B 0.1)
• Alvaro Fierro (Urbegi), Alexander Zuñiga (Universidad de Medellín), Marysol
Castillo (Universidad de Medellín) and Cesar Augusto Mazo (Universidad de
Medellín) Analysis of city branding and brand image through online media and social
media: Case Medellin (Colombia)
• Bunova E., Buslaeva O. and Malovechko S. (South Ural State University) Investment
prospects of the region
14
Financialisation, financial markets and financial agents IV (Chair: Wlodzimiercz
Dymarski; Room B 0.2)
• Eugenia Correa (Mexico National and Autonomous University UNAM) Financial
regulations post-crisis
• Claudia Maya (Center for Research on North America – National University of
Mexico) Investment Banks and the US deregulation process: The way to a crisis
• Juan Barredo and Faruk Ülgen (University Grenoble Alpes) Financialised capitalism:
from a flawed financial regulation towards a sustainable growth
• Hermann Djédjé Yohou, Michaël Goujon, Bertrand Laporte and Samuel Guerineau
(CERDI-University of Auvergne) Is aid unfriendly to tax? African evidence of
heterogeneous direct and indirect effects
FDI and international businesses (Chair: Carlos Rodriguez; Room B 0.3)
• Julio Castellanos (Mexico National and Autonomous University UNAM)
Financialization in Japanese automakers and their investments in México
• Amaia Altuzarra, Ricardo Bustillo and Carlos Rodríguez (University of the Basque
Country UPV/EHU) The relationship between outward foreign direct investment and
employment: A propensity score matching approach
15
GENERAL INFORMATION
Each participant will have 20 minutes to present her paper. In the sessions there will be 25
minutes for debate and discussion among speakers and participants in the session.
In each session there is a Chair, who ensures that the session runs smoothly, serving as a
timekeeper and moderator during the discussion.
In all the rooms there will be a laptop and an overhead projector.
In the “Sala de Profesores”, close to the Registration Desk, participants at the conference will
be able to use laptops with internet connection and a printer.
Thursday and Friday lunches will be at the Canteen of the Faculty of Economics and
Business. Thursday Conference Room will be at the Ercilla Hotel. Thursday and Friday
lunches and the Thursday Conference Dinner are included in the conference registration fee.
Besides these meals, there are two additional paid dinners on Wednesday 22 and Friday 24
June. Wednesday dinner will take place at the Ercilla Hotel. Friday dinner will take place at
the Restaurant “Gurekabi”. The price for each of these dinners is 40 euros. People interested
in joining these dinners can register using the registration form provided at the conference
website.
16
17