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POST-KEYNESIAN ECONOMICS THEORY AND POLICY MAY 13-14, 2001 CONFERENCE HOSTED BY THE DEPARTMENT OF ECONOMICS UNIVERSITY OF NOTRE DAME CENTER FOR MACROECONOMIC AND DEVELOPMENT POLICY KALAMAZOO COLLEGE HELEN KELLOGG INSTITUTE FOR INTERNATIONAL STUDIES UNIVERSITY OF NOTRE DAME C-103 HESBURGH CENTER UNIVERSITY OF NOTRE DAME For more information, please contact Louis-Philippe Rochon Stephen B. Monroe Assistant Professor of Economics and Banking Director ~ Center for Macroeconomic and Development Policy Kalamazoo College Kalamazoo, Michigan 49007 (616) 337-7026 ~ (616) 337-5733 (fax) [email protected] SUNDAY, MAY 13, 2001 12h10 – 12h30 General Discussion ~ WELCOME ADDRESS ~ LUNCH 12h30 – 13h30 10h00-10h05 Amitava Dutt ~ University of Notre Dame Louis-Philippe Rochon ~ CMDP, Kalamazoo College SESSION ONE ENDOGENOUS MONEY AND ECONOMIC THEORY 10H10 – 12H00 Chair: Jaime Ros ~ University of Notre Dame 10h10 – 10h30 HORIZONTALISM VS STRUCTURALISM: AN ALTERNATIVE INTERPRETATION Pierre Piégay ~ Université de Bourgogne, Dijon Comments 10h30-10h35 Randall Wray ~ University of Missouri, Kansas City 10h40 – 11h00 ENDOGENOUS MONEY IN A COHERENT STOCK-FLOW SESSION TWO POST-KEYNESIAN THEORY AND ECONOMIC POLICY 13H40 – 16H00 Chair: Louis-Philippe Rochon ~ Kalamazoo College 13h40 – 14h00 POLICY FLEXIBILITY UNDER ALTERNATIVE MONETARY ARRANGEMENTS: EMU AND CURRENCY BOARDS Stephanie Bell ~ University of Missouri, Kansas City Comments 14h00 – 14h05 14h10 – 14h30 FRAMEWORK Marc Lavoie ~ University of Ottawa Comments 11h00 – 11h05 11h10 – 11h30 Comments 11h30 – 11h35 11h40 – 12h00 Comments 12h00 – 12h05 Malcolm Sawyer ~ University of Leeds MONEY AND ENDOGENOUS MONEY: THE POSTKEYNESIAN AND CIRCUITIST APPROACHES Louis-Philippe Rochon ~ Kalamazoo College Comments 14h30 – 14h35 14h40 – 15h00 Martin Wolfson ~ University of Notre Dame EFFECTIVE DEMAND AND KEYNES’S DISMISSAL OF EX ANTE/EX POST ANALYSIS Claude Gnos ~ Université de Bourgogne, Dijon Mathew Forstater ~ University of Missouri, Kansas City Comments 15h00 – 15h05 15h10 – 15h30 Jean-François Ponsot ~ Université de Bourgogne, Dijon TOWARD AN INSTITUTIONALIST POST KEYNESIAN THEORY OF ECONOMIC POLICY WITH AN APPLICATION TO FULL EMPLOYMENT Mathew Forstater ~ University of Missouri, Kansas City Mario Seccareccia ~ University of Ottawa PROFIT, INTEREST AND ‘ENTREPRENEURSHIP’ IN CONTEMPORARY CAPITALISM John Smithin ~ York University Per Gunnar Berglund ~ CEPA THE THEORY OF UNEMPLOYMENT IN A GENUINE MONETARY ECONOMY FROM A CIRCUITIST PERSPECTIVE Alain Parguez ~ Université de Besançon Comments 15h30 – 15h35 17h45 – 18h15 FINANCIAL GLOBALIZATION AND FINANCIAL FRAGILITY IN LESS DEVELOPED COUNTRIES Rogerio Studart ~ United Nation’s Economic Commission for Latin America and the Caribbean Franklin Serrano ~ Universidade Federal do Rio de Janeiro 15h40 – 16h00 General Discussion Comments 18h15 – 18h20 BREAK 16h00 – 16h15 Amitava Dutt ~ University of Notre Dame 18h20 – 18h40 General Discussion SESSION THREE POST-KEYNESIAN THEORY AND FINANCIAL MARKETS 16h15 – 18h40 MONDAY, MAY 14, 2001 SESSION FOUR GROWTH, DISTRIBUTION AND INFLATION 9H00 – 10H20 Chair: Amitava Dutt ~ Notre Dame University 16h15 – 16h35 VOLATILE FINANCIAL MARKETS Paul Davidson ~ University of Tennessee, Knoxville Chair Marty Wolfson ~ University of Notre Dame John Smithin ~ York University 9h00 – 9h20 NORTH-SOUTH TRADE AND UNEVEN DEVELOPMENT Amitava Dutt ~ University of Notre Dame Comments 16h35 – 16h40 16h45-17h05 Comments 17h05 – 17h10 17h15 – 17h35 Comments 17h35 – 17h40 REBUILDING THE TRANSMISSION BELT FOR MONETARY POLICY Jane D’Arista ~ Financial Markets Center Comments 9h20 – 9h25 9h30 – 9h50 Stephanie Bell ~ University of Missouri, Kansas City A FORGOTTEN RUBLE REFORM SET UP BY J.M. KEYNES: LESSONS FROM CORRESPONDENCE AND ARCHIVES Jean-François Ponsot ~ Université de Bourgogne, Dijon Comments 9h50 – 9h55 Alcino Camara ~ Universidade Federal do Rio de Janeiro Comments 10h20 – 10h25 10h00 – 10h20 Matias Vernengo ~ CEPA GROWTH, DISTRIBUTION AND THE CLASSICAL SUPERMULTIPLIER Franklin Serrano ~ Universidade Federal do Rio de Janeiro Marc Lavoie ~ University of Ottawa GROWTH, DISTRIBUTION AND INFLATION IN A THREE GAP MODEL Jaime Ros ~ University of Notre Dame Paul Davidson ~ University of Tennessee, Knoxville 10h30 – 10h50 Comments 10h50 – 10h55 CONFLICTING-CLAIMS INFLATION IN AN OPEN ECONOMY Matias Vernengo ~ CEPA 15h15 – 15h35 CREDIT RATIONING FROM A POST-KEYNESIAN PERSPECTIVE Martin Wolfson ~ University of Notre-Dame Rogerio Studart ~ United Nation’s Economic Commission for Latin America and the Caribbean Comments 15h35 – 15h40 Jane D’Arista ~ Financial Markets Center General Discussion 15h40 – 16h00 General Discussion 10h55 – 11h15 ~ CLOSING REMARKS ~ BREAK 16h00 – 16h10 11h15 – 12h00 LUNCH 12h00 – 13h15 SESSION SIX ENDOGENOUS MONEY AND ECONOMIC POLICY 13H30 – 16H00 Chair Roger Skurski ~ Chair, Department of Economics University of Notre Dame 13h30 – 13h50 MONETARY POLICY AND ENDOGENOUS MONEY Malcolm Sawyer ~ University of Leeds Comments 13h50 – 13h55 14h00 – 14h20 Comments 14h20 – 14h25 14h30 – 14h50 Comments 15h05 – 15h10 Louis-Philippe Rochon ~ Kalamazoo College MONETARY POLICY AND THE COMING RECESSION Randall Wray ~ University of Missouri, Kansas City Claude Gnos ~ Université de Bourgogne, Dijon TITLE TBA Mario Seccareccia ~ University of Ottawa Pierre Piégay ~ Université de Bourgogne, Dijon Amitava Dutt ~ University of Notre Dame Louis-Philippe Rochon ~ Kalamazoo College
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