2008 Post Keynesian
Conference
SATURDAY, JUNE 28TH
6:00pm-9:00pm
REGISTRATION AND WELCOME RECEPTION
Marriott
Conference Center ~ 2nd Floor
Conference events to be held on the 2nd floor conference facility of
the Marriott
SUNDAY, JUNE 29TH
8:30 – 10:00am
Felipe Rezende
Keynes's New Microtheory for Macroeconomics
Matthew Greenwood-Nimmo
Monetary Policy with Endogenous Financial Fragility
Micheal
Carr
Money, growth and the environment: Addressing the Policy Dilemma
Yun Kyu Kim
Debt and Growth Dynamics in Kaleckian Economics
10:00 – 10:30am
BREAK
10:30am – 12:00pm
SESSION
1: International/Development
(Grand D)
Chair:
Luiz
Fernando Cerqueira
Alicia Girón
Migration,
Remittances and Macroeconomic Environment
John Marangos
A Post Keynesian
Perspective on the ‘After the Washington Consensus’
Lino Sau
Gradualism in the Transition of the Financial System: The Case of China
SESSION 2:
Current Financial Crisis
(Grand E)
CHAIR:
Marco
Crocco
Stephanie Kelton
Did Greenspan Blow It?
Jan Kregel
Minsky’s Cushions of
Safety: Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market
Randall Wray
Lessons from the Financial Markets Meltdown
12:00 – 1:30pm
LUNCH
(Grand F/G)
1:30 – 3:00pm
SESSION 3:
Central Banks and the Determination of Interest Rates I
(Grand D)
CHAIR:
Luiz
Carlos Bresser-Pereira
Sonmez Atesoglu
Mario Seccareccia
In Search of the
Will-O'-The-Wisp: Central Banking and
the Natural Rate of Interest
Thomas Palley
Asset Bubbles and
Monetary Policy: Why Central Bankers
Have it Wrong
SESSION 4:
Basel II and Bank Regulation
(Grand E)
CHAIR:
Jose A. Cordero
Ana Rosa
Ribeiro de Mendonca and Simone de Deos
Basel Agreements and
Minsky’s Financial Instability Hypothesis
Rogerio Sobreira and Francisco Pinto
Antitrust Policy And
Prudential Regulation In Banking: Is It
Possible To Converge? Theory and Lessons from Brazil
Marco Aurélio
Crocco and Ana Tereza Lanna Figueiredo
Regional Banking
Strategy: An Introductory Note for
the Brazilian Case
3:00 – 3:30 pm
BREAK
3:30 – 5:00pm
SESSION 5:
Monetary Theory
(Grand D)
CHAIR:
H.
Sonmez
Atesoglu
Fernando J. Cardim de Carvalho
Uncertainty, Money and
the Interest Rate: Tobin and Kahn an a Puzzle of Liquidity Preference
Theory
Bernard Vallageas
A Treatise on Money, the General Theory, and the Circuit Theory
David Dequech
Conventions, Conformity, and Deviation:
A Preliminary Discussion
SESSION 6:
Microeconomics I – Pricing, Competition, and Growth
(Grand E)
CHAIR:
Arturo Huerta
Tsuyoshi Yasuhara
Manufacturing
Sector Performance in Mexico, Under Balance-of-Payments-Constrained Growth
Jim Case
On The Construction
of (Relatively) Optimal Price Strategies
Tuna Baskoy
Post Keynesian
Economics and Antitrust/Competition Policy
5:15 – 6:30pm
SESSION 7:
Macro Theory
(Grand D)
CHAIR:
James
Juniper
Luiz Carlos
Bresser-Pereira
The Two Methods and
the Hard Core of Economics
Jack Sustman
Toward a More
Rigorous Post Keynesian Theory and Policy
Massimo Ricottilli,
Franco Nardini, Rainer Andergassen
Effective Demand,
Innovation Waves and Aggregate Investment Dynamics
5:15 – 6:30pm
SESSION 8:
Policy
(Grand E)
CHAIR:
Gilberto
Libânio
Yavuz Yaşar
It is the Prices
Stupid! The Underlying Problems of the US Social Security System
André Lourenço and Zoraide Bezerra Gomes
Government as
Employer of Last Resort in Brazil: A Program for Full Employment, Stability and
Fair Work Conditions Applied to an Underdeveloped Country
Etelberto Ortiz
Cruz
Capital Theory in
Contemporary Orthodox Macroeconomics:
Its Importance for Policy Making
MONDAY, JUNE 30TH
8:30 – 10:00am
SESSION:
STUDENT PRESENTATIONS
(Seville
Ballroom)
CHAIR:
Wesley Colin Marshall
Claudia Maya and Karol Gil
The Remittances as an
Instrument for Financing Economic Development in the Migrants Rural Areas in
Robert Vergeer
Explaining Unemployment
in the OECD since the 1960s: A robustness contest –
NAIRU vs. Keynes
Pedro Linhares Rossi
The Pyramid and the
Sphinx – Study on Currency Hierarchy and its Consequences for Underdeveloped
Countries
Paul Ramskogler
Conflict Inflation, Wage Bargaining and the Effects of Coordination
10:00 – 10:30am
BREAK
10:30am – 12:00pm
SESSION 9: Fiscal
Policy
(Grand D)
CHAIR:
John Marangos
Pavlina Tcherneva
A Comeback for
Fiscal Policy: Can the Recent New Consensus Contributions be Reconciled with the
Post Keynesian View?
W. Robert Brazelton
The Background and
Economics of Leon H. Keyserling, Council of Economic Advisors, and Constant
Critic?
Claudio Sardoni
The Sustainability
of Public Debt: A Keynesian Perspective
SESSION 10: Growth
and Development
(Grand E)
CHAIR:
Jairo J. Parada
Leonardo Vera
Conflict Inflation
and Trade Structure in an Open Economy
Jose A. Cordero
Growth and
Distribution in an Open Monetary Economy: A Post Keynesian Model
Gilberto Libânio
Aggregate Demand
and the Endogeneity of the Natural Rate of Growth: Evidence from Latin American
Economies
12:00 – 1:30pm
LUNCH
(Grand F/G)
1:30 –
3:00pm
SESSION 11: Macro Demand, Sectoral Analysis
(Grand
D)
CHAIR:
Noemi
Levy Orlik
Antonio
Carlos Macedo e Silva and Claudio H. dos Santos
Peering Over the Edge of
the Short Period – Post Keynesian Theory and Stock-flow Consistent Models
Thomas Palley
The Macroeconomics of
Financialization: A Stages of
Development Approach
Ramaa Vasudevan
The Dollar,
Financialization and Emerging Markets
1:30 –
3:00pm
SESSION
12: Economic Stabilization
(Grand E)
CHAIR:
Rogerio Sobreira
Mario Rubens de Mello Neto and Carlos Pinkusfeld Bastos
Brazilian
Stabilization Plans: Theory and Rhetoric
Alicia
Girón
and Alma
Chapoy
The Puzzle of Minsky's Crises
3:00 – 3:30pm
BREAK
3:30 – 5:00pm
SESSION 13:
Learning from the Past – Heterodox
Economic Theory
(Grand D)
CHAIR:
Leonardo Vera
Yavuz Yaşar and
Mark Lautzenheiser
Reconciling Marx
and Keynes: The Balancing Condition, the
Investment-Saving Nexus, and the Two-Price System
Robert Scott, III
Kenneth Boulding's
Ecological Economics
Colin Richardson
and Jerry Courvisanos
Modeling Keynes and
Kalecki With Minsky
SESSION 14:
Exchange Rates and Development
(Grand E)
CHAIR:
Erik Olsen
Gilberto Libânio and Paulo Gala
Exchange Rate
Policies, Patterns of Specialization and Economic Development: Theory and
Evidence in Developing Countries
Fernando
Ferrari-Filho
Exchange Rate
Regime Proposal for Emerging Countries: A Keynesian Perspective
Arturo Huerta
The Prevalence of a
Dysfunctional Exchange Rate within Latin-America’s Economic Growth: Mexico’s
Case
5:15 – 6:30pm
SESSION 15:
Debt and Instability
(Grand D)
CHAIR:
L. Randall Wray
Steve M. Fazzari
and Barry Z. Cynamon
Household Debt in
the Consumer Age: Source of Growth--Risk of Collapse
Steve Keen
Modeling a Credit
Crunch in a Pure Credit Economy
Michael Hudson
A “Permanent”
Capital-Gains Economy? Institutionalizing the Financial Bubble
SESSION 16:
Microeconomics II
(Grand E)
Jairo J. Parada and
William R. Baca
The Relevance of
Duesenberry Consumption Theory: An Applied Case to
Luiz Fernando Cerqueira, Carmem Aparecida Feijó and Jose Carlos Miranda
Determinants of
Industrial Mark up in Brazilian Industry in the Nineties
James Juniper
Environmental
Innovation—A Post Keynesian Interpretation
TUESDAY, JULY 1ST
All
sessions will be held in the Seville Ballroom
8:30 – 10:00am
SESSION:
STUDENT PRESENTATIONS
CHAIR:
Robert Brazelton
Roberta
Guimarães
High Crime Rates in Brazil:
A Necessary Debate
Florian Hartmann
Perfect Finance-led World Capitalism in a Nutshell
Nick Falvo
Responses to Homelessness
10:00 – 10:30am
BREAK
10:30am – 12:00pm
SESSION 17:
Savings,
Development and Distribution
CHAIR:
Pavlina Tcherneva
Basil
Moore
FLASH!!! IN
MACROECONOMICS SAVINGS IS NONVOLITIONAL
Tracy Mott
Profits, Wages, and
Productivity Since 1973
Noemi Levy Orlik
The Reshaping of the
Mexican Financial System: New Institutions and Development Finance
12:00 – 1:30pm
LUNCH
(Grand F/G)
1:30 – 3:00pm
SESSION 18:
Central
Banks and the Determination of Interest Rates II
CHAIR:
Bernard Vallageas
Éric Tymoigne
Why is a Zero Interest Rate
Target the Best Interest-rate Policy for a Central Bank?
André de Melo Modenesi
Convention and Conservatism in Monetary Policy: The Brazilian Central Bank's
Reaction Function (2000-2007)
Felipe Rezende
The Nature of Government
Finance in
3:00 – 3:15pm
BREAK
3:15 – 5:15pm
SESSION 19:
US
Crisis
CHAIR:
ERIC
TYMOIGNE
Wesley Colin
Marshall
Diagnosing the
American Financial Crisis of 2007-2008: Classic or Secondary Banking crisis?
Paul Davidson
The Sub-Prime
Crisis, Securitization and Market Failure as Analyzed by Keynes's Liquidity
Preference Theory vs. the Efficient Market Theory
William Black
How the Recurrent
Economic Crises and Epidemics of “Control Fraud” have Falsified “Modern
Finance’s” Core Theories, Policies, and Methodology
CONFERENCE KEYNOTE
DINNER
KEYNOTE SPEAKER:
JOHN B. DAVIS
Marquette University and the University
of Amsterdam
“Uncertainty and the Individual:
A Post Keynesian View”
Cocktails 6:00pm
Featuring Local Jazz Musician David Basse and
City Light
Dinner 7:00pm
FIGLIO TOWER
Please make sure you have registered for
this event.