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Macroeconomics and Financial Economics Workshop:
Recent Developments in Theory and Empirical Modelling
8-9 October 2009
Famagusta, Turkish Republic of North Cyprus


Department of Economics
Eastern Mediterranean University


Organizers: Mehmet Balcılar and Hasan Güngör


PROGRAM

8 October 2009

09:45-10:00 Opening speech

Session 1: Recession and Monetary Policy
Place: Mehmet Tahiroglu Hall
Convenor: Haluk Erlat, Middle East Technical University, NCC, Turkey

10:00-11:00

Invited Speaker
A predictable recession, and what to do about it
Karim Abadir, Imperial College, UK

11:00-11:15

Coffee break

11:15-12:15

Invited Speaker
Monetary Policy and its Effectiveness: Structural Factors
Hakan Berument, Bilkent University, Turkey

 

12:15-13:30 Lunch break

Session 2: Financial Markets, Inflation and Foreign Exchange
Place: BEA 4
Convenor: Guzin Erlat, Middle East Technical University, NCC, Turkey

13:30-14:30

Invited Speaker
Testing Non-nested Demand Relations: Linear Expenditure System versus Indirect Addilog
Paul de Boer, Erasmus University Rotterdam, The Netherlands

14:30-15:30

Invited Speaker
Testing for Shifts in Persistence in Turkish Inflation and Real Exchange Rates
Haluk Erlat, Middle East Technical University, NCC, Turkey

15:30-15:45

Coffee break

15:45-16:30

Time varying relationship between crude oil spot and futures prices: Regime switching causality
Mehmet Balcilar, Department of Economics, Eastern Mediterranean University, TRNC

 

9 October 2009

Session 3: Statistics and Econometrics
Place: BEA 4
Convenor: Paul de Boer, Erasmus University Rotterdam, The Netherlands

09:00-10:00

Invited Speaker
Lies, Damned Lies, and Statistics? Examples From Finance & Economics
 Karim Abadir, Imperial College, UK

10:00-11:30

Invited Speaker
Macro and Financial markets: The memory of an elephant?
 Gabriel Talmain, University of Glasgow, UK

11:30-11:40

Coffee break

11:40-12:30

Unit Roots, Structural Breaks and Cointegration Analysis: A Review of the Available Processes and Procedures and an Application
Mete Feridun, Department of Banking and Finance, Eastern Mediterranean University, TRNC

 

12:30-13:30 Lunch break

Session 4: PhD Student Presentations
Place: BEA 4
Convenor: Gabriel Talmain, University of Glasgow, UK

13:30-14:00

Financial Instability and Optimal Monetary Policy Rule
Hossein Sedghi, University of Leicester, UK

14:00-14:30

Chaoticism within a Macroeconomic Overview on Derivatives Market
Tina Nemarnik, University of Ljubljana, Slovenia

14:30

Closing

 

 

 


ORGANIZING COMMITTEE

Mehmet Balcılar
Department of Economics
Eastern Mediterranean University
e-mail: mehmet.balcilar@emu.edu.tr
Tel: +90 392 630 1548

Hasan Güngör
Department of Economics
Eastern Mediterranean University
e-mail: hasan.gungor@emu.edu.tr
Tel: +90 392 630 2731