w

ww

.eefs

.eu

8th

Ann

ual

Con

fere

nce

4th –

7th

Jun

e 20

09

Th

eme:

Cur

rent

Cha

lleng

es in

the

Glo

bal

Econ

omy:

Pro

spec

ts a

nd P

olic

y R

efor

ms

ww

w.w

ne.u

w.ed

u.pl

w

ww

.eefs

2009

.pl

Conf

eren

ce P

rogr

amm

e Th

ursd

ay 4

Jun

e 20

09

Ven

ue: C

entra

lna

Bibl

iote

ka R

olni

cza

(Cen

tral A

gricu

ltura

l Lib

rary

), K

rako

wsk

ie Pr

zedm

ieście

66

17

.0

0

–

19

.0

0

Re

gi

st

ra

ti

on

19

.0

0

–

20

.0

0

We

lc

om

e

Re

ce

pt

io

n

19.0

0 –

19.1

5 W

elcom

e fr

om th

e Pr

esid

ent o

f EE

FS, P

rof.

Geo

rge

Agi

omir

gian

akis

, Hell

enic

Ope

n U

nive

rsity

. 19

.15

– 19

.30

Wel

com

e fr

om P

rof.

Jan

Mic

hał

ek, F

acul

ty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w.

19.3

0 –

20.0

0 W

elcom

e sp

eech

by

Prof

. Rys

zard

Kok

oszc

zyń

ski,

Facu

lty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w &

Nat

iona

l Ban

k of

Pol

and.

Ti

tle o

f spe

ech:

“M

onet

ary

Polic

y an

d th

e Cu

rren

t Cris

is”

20

.0

0

–

22

.0

0

We

lc

om

e

Pa

rt

y

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

2

Frid

ay 5

Jun

e 20

09 ·

9.00

– 1

1.00

Co

nfer

ence

Ven

ue: W

ydzi

ał N

auk

Eko

nom

iczny

ch, U

niw

ersy

tet W

arsz

awsk

i (Fa

culty

of E

cono

mic

Scien

ces,

Uni

vers

ity o

f War

saw

) ul.

Dłu

ga 4

4/50

Lu

nch

and

dinn

er @

Con

fere

nce

venu

e

Ro

om B

Ro

om C

Ro

om E

E

cono

mic

Ana

lysis

and

Polic

y I

Ch

air:

Tom

oe M

oore

Eco

nom

ic D

evel

opm

ent,

Tech

nolo

gica

l Cha

nge

and

Gro

wth

I C

hai

r: E

wa

Bal

cero

wic

z

Eur

opea

n In

tegr

atio

n C

hai

r: C

osta

s Si

riop

oulo

s

9.00 – 10.30

And

reas

G. M

erik

as, A

nnie

Trian

tafil

lou,

Ann

a M

erik

a

Exp

laini

ng h

ouse

pric

e ch

ange

s in

Gre

ece

Rebe

ca Ji

mén

ez-R

odríg

uez,

Am

alia

Mor

ales-

Zum

aque

ro, B

alázs

Ége

rt

The

vary

ing

effe

ct o

f for

eign

shoc

ks in

Cen

tral a

nd E

aste

rn

Eur

ope

Stel

ios K

arag

ianni

s, Y

anni

s Pan

agop

oulo

s, Pr

odro

mos

Vlam

is

Are

gas

olin

e pr

ice

adju

stm

ents

asy

mm

etric

? Evi

denc

e fr

om th

e E

uroz

one

Ping

Wan

g, T

omoe

Moo

re

Th

e de

term

inan

ts o

f vul

nera

bilit

y to

cris

is: th

e co

untry

spec

ific

fact

os v

ersu

s reg

iona

l fac

tors

Abh

ijit S

harm

a, A

lasta

ir Ba

iley,

Mar

co B

erta

glia,

Iain

Fra

ser

Te

chno

logy

ado

ptio

n am

ong

UK

cer

eal f

arm

ers:

Evi

denc

e fr

om

para

met

ric a

nd n

onpa

ram

etric

cou

nt d

ata

mod

els

Uw

e Ca

ntne

r, Je

ns J.

Kru

eger

, Ren

é So

elln

er

Pr

oduc

t qua

lity,

prod

uct p

rice

and

shar

e dy

nam

ics i

n th

e G

erm

an

com

pact

car

mar

ket

Sim

on W

ieder

hold

Com

posit

ion

of p

ublic

pro

cure

men

t and

eco

nom

ic gr

owth

Ew

a Ba

lcer

owic

z, M

arek

Pęc

zkow

ski,

Ann

a W

ziąt

ek-K

ubiak

The

inno

vatio

n pa

ttern

s of f

irms i

n lo

w a

nd h

igh

tech

nolo

gy

man

ufac

turin

g se

ctor

in th

e N

ew M

embe

r Sta

tes

Pana

giot

a Bo

ura,

Ant

onio

s Geo

rgop

oulo

s

A c

onte

mpo

rary

em

piric

al in

vest

igat

ion

conc

erni

ng d

eter

min

ants

of

inw

ard

Fore

ign

Dire

ct In

vest

men

t (FD

I), i

n an

eco

nom

ically

in

tegr

ated

env

ironm

ent,

such

as t

he E

urop

ean

Uni

on -

The

impo

rtanc

e of

taxa

tion

Dav

id B

uettn

er, B

ernd

Hay

o, M

atth

ias N

euen

kirc

h

The

impa

ct o

f for

eign

mac

roec

onom

ic n

ews o

n fin

anci

al m

arke

ts

in th

e Cz

ech

Repu

blic,

Hun

gary

and

Pol

and

John

Beir

ne, M

artin

Bijs

terb

osch

Exc

hang

e ra

te p

ass-

thro

ugh

in C

entra

l and

Eas

tern

Eur

opea

n m

embe

r sta

tes

Dio

nisis

Phi

lippa

s, Co

stas

Siri

opou

los

Fo

reca

stin

g st

ock

price

s usin

g gr

adien

ts in

a ti

mes

serie

s; an

em

piric

al im

plem

enta

tion

10

.3

0

–

11

.0

0

Co

ff

ee

b

re

ak

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

3

Frid

ay 5

Jun

e 20

09 ·

11.0

0 –

14.0

0 Co

nfer

ence

Ven

ue: W

ydzi

ał N

auk

Eko

nom

iczny

ch, U

niw

ersy

tet W

arsz

awsk

i (Fa

culty

of E

cono

mic

Scien

ces,

Uni

vers

ity o

f War

saw

) ul.

Dłu

ga 4

4/50

Lu

nch

and

dinn

er @

Con

fere

nce

venu

e

Room

B

Room

C

Room

E

Room

F

Eco

nom

ic A

nalys

is an

d Po

licy

II

Ch

air:

Mat

jaž

Kom

an

Hum

an C

apita

l C

hai

r: S

teli

os K

arag

ian

nis

Fina

ncial

Eco

nom

ics I

Ch

air:

Kei

th P

ilbea

m

FDI

Ch

air:

Dim

itri

os K

yrki

lis

11.00 – 12.30

Srik

anta

Cha

tterje

e, Pa

ul D

alzie

l, Sv

en-O

lov

Dau

nfeld

t, N

ripes

h Po

dder

Eco

nom

ic re

form

, inc

ome

dist

ribut

ion

and

socia

l wel

fare

: An

appl

icat

ion

of g

ener

alise

d Lo

renz

dom

inan

ce to

New

Zea

land

and

Swed

ish in

com

e da

ta 1

984-

97

Seba

stian

Vol

lmer

, Inm

acul

ada

Mar

tínez

, Fel

icita

s N

owak

-Leh

man

n, N

ils-H

endr

ik K

lann

E

U-A

CP E

cono

mic

Par

tner

ship

Agr

eem

ents

- E

mpi

rical

evid

ence

for S

ub-S

ahar

an A

fric

a

John

Lew

is

Fisc

al po

licy

in C

EE

Cs: W

hat c

an re

al tim

e da

ta te

ll us

?

Mon

ika

Bak

St

art o

f tra

nsfo

rmat

ion

proc

esse

s in

Cent

ral

and

Eas

tern

Eur

ope

and

pres

ent e

cono

mic

crisi

s – re

latio

nshi

ps

Mat

jaž K

oman

, Jan

ez P

rašn

ikar

, Gaz

men

d Q

orra

j

The

self-

empl

oym

ent t

wist

. Evi

denc

e fr

om

Kos

ovo

Eka

terin

i Gala

nou

The

effe

ct o

f lea

ders

hip

styl

es o

n or

gani

zatio

nal c

omm

itmen

t, jo

b sa

tisfa

ctio

n,

team

com

mun

icatio

n an

d m

anag

erial

ef

fect

iven

ess

Ana

stas

ios I

. Mag

outa

s, G

eorg

e M

. A

giom

irgian

akis,

The

odor

e A

. Pap

adog

onas

Hum

an c

apita

l and

gro

wth

rate

s in

Gre

ek

man

ufac

turin

g

Nat

halie

Chu

ssea

u, Jo

el H

ellie

r

Edu

catio

nal s

yste

ms a

nd in

terg

ener

atio

nal

mob

ility

Nik

os B

enos

, Ste

lios K

arag

ianni

s

The

diff

eren

tial i

mpa

ct o

f edu

catio

n an

d he

alth

on g

row

th: t

he G

reek

evi

denc

e

And

rzej

Cie

slik,

Jan

Mic

hale

k, Je

rzy

Myc

ielsk

i

Trad

e ef

fect

s of E

uro

adop

tion

in C

entra

l E

urop

e

Kon

stan

tinos

Kon

stan

tara

s

Alte

rnat

ive

mod

els fo

r est

imat

ing

the

prob

abili

ty o

f sto

ck e

xcha

nge

supe

rvisi

on a

nd

corp

orat

e re

stru

ctur

ing

via

finan

cial

dist

ress

Ele

ttra

Agl

iardi

, Ros

sella

Agl

iardi

Def

aulta

ble

bond

s und

er im

perf

ect i

nfor

mat

ion

Fran

k N

agle,

Keit

h Pi

lbea

m

H

igh-

tech

IPO

s in

the

US,

UK

and

Eur

ope

afte

r the

dot

-com

bub

ble

Lucy

na K

orne

cki,

Ved

apur

i Rag

hava

n

Th

e im

pact

of I

nwar

d FD

I sto

ck o

n G

DP

grow

th in

Cen

tral a

nd E

aste

rn E

urop

e

Moh

amed

Saa

di

Fo

reig

n di

rect

inve

stm

ent a

nd e

xpor

t so

phist

icat

ion:

Rica

rdian

pre

dict

ions

and

ev

iden

ce

Dim

itrio

s Kyr

kilis

, Sof

ia K

ombo

ti

The

effe

ct o

f int

ellec

tual

prop

erty

righ

ts o

n FD

I and

tech

nolo

gy tr

ansf

er in

Gre

ece

Dim

itrio

s Kyr

kilis

, Kon

stan

tinos

Vele

ntza

s, Pa

ntel

is Pa

ntel

idis,

Tax

iarch

is D

elis

W

hat c

ause

s inf

low

s of F

orei

gn D

irect

In

vest

men

t to

Chin

a: So

me

empi

rical

evid

ence

12

.3

0

–

14

.0

0

Lu

nc

h

br

ea

k

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

4

Frid

ay 5

Jun

e 20

09 ·

14.0

0 –

16.0

0 Co

nfer

ence

Ven

ue: W

ydzi

ał N

auk

Eko

nom

iczny

ch, U

niw

ersy

tet W

arsz

awsk

i (Fa

culty

of E

cono

mic

Scien

ces,

Uni

vers

ity o

f War

saw

) ul.

Dłu

ga 4

4/50

Lu

nch

and

dinn

er @

Con

fere

nce

venu

e

Room

B

Room

C

Room

E

Exc

hang

e Ra

te E

cono

mic

s C

hai

r: M

ich

ael G

. Arg

hyr

ou

Mon

etar

y E

cono

mics

and

Pol

icy

Ch

air:

Su

bra

ta G

hat

ak

Publ

ic E

cono

mics

– T

he R

ole

of th

e G

over

nmen

t C

hai

r: C

hri

stop

her

Tso

uki

s

14.00 – 15.30

Nils

Hol

insk

i, Cl

emen

s Koo

l, Jo

an M

uysk

en

In

tern

atio

nal p

ortfo

lio b

alanc

e - M

odeli

ng th

e ex

tern

al ad

just

men

t pr

oces

s

Oliv

er H

olte

moe

ller,

Sush

anta

Mall

ick

E

xcha

nge

rate

regi

me,

real

misa

lignm

ent a

nd c

urre

ncy

crise

s

Fotin

i Eco

nom

ou, N

ikol

aos P

hilip

pas

H

erd

beha

vior

in e

xtre

me

mar

ket c

ondi

tions

: The

cas

e of

the

Ath

ens S

tock

Exc

hang

e

Mich

ael G

. Arg

hyro

u, A

ndro

s Gre

gorio

u, P

anay

iotis

Pou

rpou

rides

A n

ew so

lutio

n to

the

Purc

hasin

g Po

wer

Par

ity p

uzzl

es: R

isk

aver

sion,

exc

hang

e ra

te u

ncer

tain

ty a

nd th

e La

w o

f One

Pric

e

Geo

rgio

s Cho

rtare

as, J

ohn

Nan

kerv

is, N

oiko

kyris

Em

man

ouil

Stoc

k re

turn

s and

mon

etar

y po

licy

regi

mes

: Evi

denc

e fr

om th

e U

K

Ioan

nis L

itsio

s

Neo

class

ical a

nd K

eyne

sian

dyna

mic

s for

a sm

all o

pen

econ

omy

with

wag

e st

icki

ness

: an

empi

rical

analy

sis.

Ans

gar B

elke

, Nik

las P

otra

fke

D

oes g

over

nmen

t ide

olog

y m

atte

r in

mon

etar

y po

licy?

An

"inte

ract

ive"

pan

el a

nalys

is fo

r OE

CD c

ount

ries

Subr

ata

Gha

tak,

Tom

oe M

oore

Mon

etar

y po

licy

rules

for t

rans

ition

eco

nom

ies: A

n em

piric

al an

alysis

Min

as P

ediad

itaki

s

The

Root

cau

ses o

f the

glo

bal f

inan

cial c

risis

Barb

ara

Kar

bow

nik,

Grz

egor

z K

ula

E

ffici

ency

of p

ublic

sect

or a

t the

leve

l of l

ocal

self-

gove

rnm

ent i

n Po

land

Stell

a K

arag

ianni

, Mar

ia Pe

mpe

tzog

lou,

Ana

stas

ios S

araid

aris

A

vera

ge ta

x ra

tes a

nd e

cono

mic

gro

wth

: a n

on-li

near

cau

salit

y in

vest

igat

ion

for t

he U

SA

Chris

toph

er T

souk

is, F

rede

ric T

ourn

emain

e

Fact

or sh

ares

, gro

wth

, and

gov

ernm

ent s

ize:

A so

cial c

onfli

ct

appr

oach

15

.3

0

–

16

.0

0

Co

ff

ee

b

re

ak

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

5

Frid

ay 5

Jun

e 20

09 ·

16.0

0 –

21.3

0 Co

nfer

ence

Ven

ue: W

ydzi

ał N

auk

Eko

nom

iczny

ch, U

niw

ersy

tet W

arsz

awsk

i (Fa

culty

of E

cono

mic

Scien

ces,

Uni

vers

ity o

f War

saw

) ul.

Dłu

ga 4

4/50

Lu

nch

and

dinn

er @

Con

fere

nce

venu

e

Room

B

Room

C

Room

E

Bank

ing

and

Fina

nce

I C

hai

r: D

imit

rios

Ast

erio

u

Inte

rnat

iona

l Tra

de

Ch

air:

Ste

ph

en T

okar

ick

Eco

nom

ic D

evel

opm

ent,

Tech

nolo

gica

l Cha

nge

and

Gro

wth

II

Ch

air:

An

drz

ej C

ieśl

ik

16.00 – 17.45

Burk

hard

Rau

nig,

Mar

tin S

chei

cher

Are

ban

ks d

iffer

ent?

Evi

denc

e fr

om th

e CD

S m

arke

t

Szab

olcs

Blaz

sek,

Ann

a D

owna

row

icz

Re

gim

e sw

itchi

ng m

odels

of h

edge

fund

retu

rns

Dan

iel Ib

rahi

m, P

eter

R. H

aiss

In

tern

atio

naliz

atio

n of

ban

king

: A m

icro

-mac

ro a

ppro

ach

Dim

itrio

s Ast

erio

u, A

riste

idis

Sam

itas,

Dim

itris

Ken

ourg

ios

Lo

ndon

's O

lym

pic

Gam

es 2

012

impa

ct o

n st

ock

exch

ange

indi

ces

Ines

Buo

no, G

uy L

alann

e

The

effe

ct o

f the

Uru

guay

Rou

nd m

ultil

ater

al ta

riff r

educ

tion

on

the

exte

nsiv

e an

d in

tens

ive

mar

gins

of t

rade

Nils

Hol

insk

i, Ro

bert

Ver

meu

len

Th

e in

tern

atio

nal w

ealth

eff

ect:

A g

loba

l err

or-c

orre

ctin

g an

alysis

Step

hen

Toka

rick

Sh

ould

cou

ntrie

s wor

ry a

bout

imm

iseriz

ing

grow

th?

Selçu

k K

oç, T

ezca

n A

basiz

Inve

stig

atio

n of

long

-run

relat

ions

hip

betw

een

inte

rest

rate

and

in

flatio

n w

ith p

anel

boo

tstra

p st

abili

ty te

st u

nder

the

stru

ctur

al br

eak

Rani

a Ih

ab N

agui

b

The

effe

cts o

f priv

atisa

tion

and

FDI o

n ec

onom

ic g

row

th in

A

rgen

tina

Jaku

b G

row

iec, Łu

kasz

Marć,

Dor

ota

Pelle

Dec

ompo

sing

prod

uctiv

ity g

row

th in

OE

CD c

ount

ries:

Dom

estic

R&

D v

s int

erna

tiona

l tec

hnol

ogy

diff

usio

n

Mica

ela

Ant

unes

, Elia

s Sou

kiaz

is

Fore

ign

trade

, hum

an c

apita

l and

eco

nom

ic gr

owth

. An

empi

rical

appr

oach

for t

he E

MU

cou

ntrie

s

And

rzej

Cieś

lik, M

onik

a Ta

rsale

wsk

a

Ext

erna

l ope

nnes

s and

eco

nom

ic g

row

th in

dev

elop

ing

coun

tries

17

.4

5

–

18

.1

5

Co

ff

ee

b

re

ak

18

.1

5

–

19

.1

5,

R

oo

m

A

Plen

ary

sess

ion.

Spe

aker

: Pro

f. Jo

nath

an E

aton

, Yale

Uni

vers

ity.

Title

of s

peec

h: “

Inte

rnat

iona

l Tra

de: W

hat h

ave

micr

oeco

nom

ic da

ta ta

ught

us”

19

.3

0

Di

nn

er

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

6

Satu

rday

6 J

une

2009

· 9.

00 –

11.

00

Conf

eren

ce V

enue

: Wyd

ział

Nau

k E

kono

micz

nych

, Uni

wer

syte

t War

szaw

ski (

Facu

lty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w) u

l. Dłu

ga 4

4/50

Lu

nch

@ C

onfe

renc

e ve

nue

| D

inne

r @ R

esta

urac

ja A

rsen

ał (A

rsen

al Re

stau

rant

), ul

. Dłu

ga 5

2

Room

B

Room

C

Room

E

Room

F

App

lied

Eco

nom

ics I

Ch

air:

Nic

olas

Per

idy

Indu

stria

l Org

aniz

atio

n C

hai

r: J

olia

n M

cHar

dy

Mac

roec

onom

ics I

Ch

air:

Kes

hab

Bh

atta

rai

App

lied

Eco

nom

ics II

C

hai

r: F

ran

cesc

a Sa

nn

a-R

and

acci

o

9.00 – 10.30

Ves

na K

arad

zic,

Tam

ara

Back

ovic

Fina

ncial

tim

e se

ries a

nalys

is ba

sed

on

Mon

tene

grin

stoc

k ex

chan

ge m

arke

t ind

ices

Elis

a G

aleot

ti, S

tanl

ey N

olle

n

Rest

ruct

urin

g an

d pe

rfor

man

ce in

Cze

ch fi

rms:

man

ager

s' ac

tions

and

inte

rnat

iona

l lin

kage

s

Mar

co G

uerz

oni,

René

Soe

llner

Est

imat

ing

dem

and

in a

par

tial e

quili

briu

m

mod

el w

ith d

iver

se p

refe

renc

es a

nd p

rodu

ct

diffe

rent

iatio

n

Nic

olas

Per

idy,

Ahm

ed G

hone

im

Re

gion

al in

tegr

atio

n, im

perf

ect c

ompe

titio

n an

d w

elfar

e: Th

e ex

perie

nce

of th

e G

reat

er

Ara

b Fr

ee T

rade

Are

a

Zaf

eira

Kas

trina

ki, A

than

asio

s Tsa

gkan

os

V

aluat

ion

effe

cts o

n m

erge

r act

ivity

alo

ng th

e U

S fo

od in

dust

ry: t

he ro

le of

the

shor

t run

gr

owth

opp

ortu

nitie

s

Dio

nisia

Tza

vara

On

CSR

and

collu

sion

Tom

asz

Brod

zick

i

Agg

lom

erat

ion

patte

rns i

n th

e Po

lish

man

ufac

turin

g in

dust

ry in

the

seco

nd p

hase

of

econ

omic

trans

ition

Chok

ri A

loui

, Jeb

si K

haire

ddin

e

O

ptim

al pr

icin

g of

a tw

o-sid

ed m

onop

oly

plat

form

with

two-

sided

con

gest

ion

effe

ct

Jolia

n M

cHar

dy, M

icha

el R

eyno

lds,

Step

hen

Trot

ter

O

n th

e pr

oble

m o

f reg

ulat

ing

a ne

twor

k m

onop

oly

Tezc

an A

basíz

, D.Ç

ağrı

Yild

irim

The

valid

ity o

f Pur

chas

ing

Pow

er P

arity

: TA

R pa

nel u

nit r

oot a

ppro

ach

Rebe

ca Ji

men

ez R

odrig

uez;

Giu

sepp

e Ru

sso

La

bour

mar

ket r

efor

ms a

nd a

ggre

gate

em

ploy

men

t flu

ctua

tions

Geo

rgio

s Cho

rtare

as, G

eorg

e M

agon

is, T

heo

Pana

giot

idis

Ph

illip

s cur

ves,

the

Sacr

ifice

Rat

io a

nd

mon

etar

y po

licy

fram

ewor

ks: T

radi

tiona

l vs.

New

Key

nesia

n pe

rspe

ctiv

es

Kes

hab

Bhat

tara

i

Two

sect

or m

ulti-

hous

heho

ld g

ener

al eq

uilib

rium

mod

el o

f tax

with

mon

ey

Jane

z Pr

ašni

kar,

Dom

en T

robe

c

Ene

rgy

dem

and:

Eff

icien

cy o

f Slo

veni

an

com

pani

es

A. K

onto

nika

s, A

. Mon

tagn

oli,

T. P

anag

iotid

is

On

the

relat

ions

hip

betw

een

cred

it an

d as

set

pfso

rices

Jose

p-M

aria

Ara

uzo-

Caro

d an

d M

igue

l Man

jón-

Ant

olín

Opt

imal

spat

ial a

ggre

gatio

n in

the

dete

rmin

ants

of

indu

stria

l loc

atio

n.

Fran

cesc

a Sa

nna-

Rand

accio

, Rob

erta

Ses

tini

Fo

reig

n di

rect

inve

stm

ent a

nd e

nviro

nmen

tal

polic

y: ha

ve lo

catio

n fa

ctor

s bee

n ne

glec

ted?

10

.3

0

–

11

.0

0

Co

ff

ee

b

re

ak

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

7

Satu

rday

6 J

une

2009

· 11

.00

– 14

.00

Conf

eren

ce V

enue

: Wyd

ział

Nau

k E

kono

micz

nych

, Uni

wer

syte

t War

szaw

ski (

Facu

lty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w) u

l. Dłu

ga 4

4/50

Lu

nch

@ C

onfe

renc

e ve

nue

| D

inne

r @ R

esta

urac

ja A

rsen

ał (A

rsen

al Re

stau

rant

), ul

. Dłu

ga 5

2

Room

B

Room

C

Room

E

Room

F

Eco

nom

ic G

row

th

Ch

air:

Elia

s So

uki

azis

Inte

rnat

iona

l Eco

nom

ics I

Ch

air:

Jam

es C

assi

ng

Bank

ing

and

Fina

nce

II

Ch

air:

Joh

n H

un

ter

Mac

roec

onom

ics II

C

hai

r: G

eorg

ios

Ch

orta

reas

11.00 – 12.30

Ant

hony

N. R

eziti

s, K

osta

s Tsib

ouka

s, St

avro

s Ts

ouka

las

E

ffec

ts o

f the

Eur

opea

n U

nion

Far

m C

redi

t Pr

ogra

ms o

n ef

ficie

ncy

and

prod

uctiv

ity o

f the

gr

eek

lives

tock

sect

or: A

stoc

hast

ic D

EA

ap

plica

tion

Vas

silio

s Vris

agot

is, K

onst

antin

os S

iassia

kos,

Mar

ia Pa

nta,

Geo

rge

Kaim

akam

is

The

prob

lem o

f cro

ss-d

ocki

ng a

naly

zed

by

Mar

kov

chain

met

hod.

The

app

licat

ion

to a

m

ajor G

reek

reta

iler

Arg

iro M

ouda

tsou

, Dim

itrio

s Kyr

kilis

FDI a

nd e

cono

mic

gro

wth

: E

vide

nce

from

ca

usali

ty te

sts o

n a

pane

l dat

a m

odel

deriv

ed

from

the

Eur

opea

n U

nion

and

the

Ass

ociat

ion

of S

outh

Eas

t Asia

n N

atio

ns g

roup

of

coun

tries

Jose

p-M

aria

Ara

uzo-

Caro

d, A

less

andr

a Fa

ggian

, Fe

rran

Mañ

é

Inte

rnal

and

exte

rnal

dete

rmin

ants

of r

adica

l an

d in

crem

enta

l inn

ovat

ion

in S

ME

s: th

e ca

se

of C

atalo

nia

Mag

doln

a Sa

ss

Im

pact

of F

DI o

n th

e ho

st e

cono

my:

The

case

of

bus

ines

s ser

vice

s in

Hun

gary

Ana

stas

ios P

. Pap

pas

Th

e de

term

inan

ts o

f sho

rt-te

rm c

apita

l flo

ws

for a

small

ope

n ec

onom

y: Th

e ca

se o

f Gre

ece.

And

reas

Wes

term

eier

, Lur

weg

Mar

en

Se

ctor

al jo

b ef

fect

s of t

rade

- A

n in

put-o

utpu

t an

alysis

for G

erm

any

Jam

es H

. Cas

sing

Fo

rum

shop

ping

: The

eco

nom

ics o

f con

flict

ing

disp

ute

settl

emen

t pro

cedu

res

John

Hun

ter,

Feng

Wu

A

mul

tifac

tor c

onsu

mpt

ion

base

d A

sset

Pric

ing

Mod

el of

the

UK

stoc

k m

arke

t: Th

e U

S st

ock

mar

ket a

s a w

ealth

refe

renc

e

Step

hano

s Pap

adam

ou, C

osta

s Siri

opou

los

Ba

nks'

lendi

ng b

ehav

ior a

nd m

onet

ary

polic

y: E

vide

nce

from

Sw

eden

Nik

os D

aska

lakis,

Ele

ni T

hano

u

An

analy

sis o

f the

cap

ital s

truct

ure

deci

sions

of

micr

o, sm

all, m

ediu

m a

nd la

rge

firm

s: Th

e ca

se

of G

reec

e

Iwon

a Ch

ojec

ka

Th

e m

unici

pal e

urob

onds

as a

glo

bal

inst

rum

ent o

f fin

ancin

g re

gion

al in

vest

men

t

Geo

rgio

s E. C

horta

reas

, Ste

phen

M. M

iller

Fisc

al po

licy

disc

iplin

e in

com

mon

cur

renc

y ar

eas:

Do

enfo

rcea

ble

rules

exi

st?

Jerz

y (Ju

rek)

D. K

onie

czny

Com

mon

cur

renc

y fo

r Nor

th A

mer

ica

Joan

na N

esto

row

icz,

Joan

na T

yrow

icz

Cy

nicis

m st

arts

you

ng

Joan

na S

iwin

ska-

Gor

zelak

The

non-

linea

r eff

ects

of f

iscal

polic

y on

pr

ivat

e co

nsum

ptio

n

12

.3

0

–

14

.0

0

Lu

nc

h

br

ea

k

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

8

Satu

rday

6 J

une

2009

· 14

.00

– 16

.00

Conf

eren

ce V

enue

: Wyd

ział

Nau

k E

kono

micz

nych

, Uni

wer

syte

t War

szaw

ski (

Facu

lty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w) u

l. Dłu

ga 4

4/50

Lu

nch

@ C

onfe

renc

e ve

nue

| D

inne

r @ R

esta

urac

ja A

rsen

ał (A

rsen

al Re

stau

rant

), ul

. Dłu

ga 5

2

Room

B

Room

C

Room

E

Room

F

Fina

ncial

Eco

nom

ics II

C

hai

r: D

imit

rios

Ast

erio

u

Inte

rnat

iona

l Eco

nom

ics II

C

hai

r: U

sha

Nai

r-R

eich

ert

Mac

roec

onom

ics II

I C

hai

r: A

kira

Sh

imad

a

Mig

ratio

n I

Ch

air:

An

asta

sia

Pse

irid

is

14.00 – 15.30

Silv

ia M

irand

a A

grip

pino

A th

ree-

fact

or G

ARC

H m

odel

for d

aily

retu

rns

Fran

cesc

o G

uidi

Vol

atili

ty a

nd lo

ng te

rm re

latio

ns in

equ

ity

mar

kets

: Em

piric

al ev

iden

ce fr

om G

erm

any,

Switz

erlan

d, a

nd th

e U

K

Dav

id A

. Arm

stro

ng

M

igra

nt b

anki

ng in

Ber

lin: A

cul

tura

l sol

utio

n to

the

finan

ce c

risis

Vas

ilios

Sog

iakas

, Geo

rge

Kar

atha

nass

is

Spur

ious

spill

over

effe

cts b

etw

een

spot

and

de

rivat

ives

mar

kets

Pana

giot

is E

. Dim

itrop

oulo

s, D

imitr

ios A

ster

iou,

E

vang

elos

Kou

man

akos

The

rele

vanc

e of

ear

ning

s and

cas

h flo

ws i

n a

he

avily

regu

lated

indu

stry

: Evi

denc

e fr

om th

e ba

nkin

g se

ctor

Mag

dale

na R

amad

a-Sa

raso

la

Ent

ry-m

ode

dete

rmin

ants

for M

NCs

goi

ng

offs

hore

: My

8 m

illio

n re

gres

sions

Sim

a M

otam

en-S

amad

ian

Pr

ospe

ct a

nd fe

asib

ility

of G

ulf M

onet

ary

Uni

on

Juan

Igna

cio A

ldas

oro,

Vác

lav Žď

árek

Infla

tion

diff

eren

tials

in th

e E

uroz

one

- an

empi

rical

view

Joy

Maz

umda

r, U

sha

Nair

-Rei

cher

t

Role

of s

ervi

ces i

n ex

pand

ing

trade

: An

empi

rical

analy

sis

Carl

Chiar

ella,

Cor

rado

Di G

uilm

i

Fina

ncial

inst

abili

ty h

ypot

hesis

: a st

ocha

stic

micr

ofou

ndat

ion

Ans

gar B

elke,

Ingo

G. B

ordo

n, T

orbe

n W

. H

endr

icks

Glo

bal l

iqui

dity

and

com

mod

ity p

rices

Rolf

Knü

tter,

Hel

mut

Wag

ner

G

loba

lizat

ion

and

asse

t pric

es: W

hich

trad

e-of

fs d

o Ce

ntra

l Ban

ks fa

ce in

small

ope

n ec

onom

ies

Aki

ra S

him

ada

St

rate

gic

rem

ittan

ces,

asym

met

ric in

form

atio

n,

and

effic

ienc

y w

ages

Giu

lia B

ettin

, Ric

card

o Lu

cche

tti, A

lber

to Z

azza

ro

Re

mitt

ance

beh

avio

r of r

ecen

tly a

rriv

ed

imm

igra

nts t

o A

ustra

lia: A

n em

piric

al an

alysis

Luci

an-L

iviu

Alb

u, R

aluca

Iorg

ules

cu, C

ristia

n St

anica

Est

imat

ing

hidd

en e

cono

my

and

hidd

en

mig

ratio

n: T

he c

ase

of R

oman

ia

Theo

dore

P. L

ianos

, Ana

stas

ia Ps

eirid

is

Rem

ittan

ce b

ehav

ior o

f mig

rant

s

15

.3

0

–

16

.0

0

Co

ff

ee

b

re

ak

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

9

Satu

rday

6 J

une

2009

· 16

.00

– 23

.00

Conf

eren

ce V

enue

: Wyd

ział

Nau

k E

kono

micz

nych

, Uni

wer

syte

t War

szaw

ski (

Facu

lty o

f Eco

nom

ic Sc

ience

s, U

nive

rsity

of W

arsa

w) u

l. Dłu

ga 4

4/50

Lu

nch

@ C

onfe

renc

e ve

nue

| D

inne

r @ R

esta

urac

ja A

rsen

ał (A

rsen

al Re

stau

rant

), ul

. Dłu

ga 5

2

Room

B

Room

C

Room

E

Room

F

Fina

ncial

Cris

es

Ch

air:

Ari

stei

dis

Sam

itas

Mig

ratio

n II

C

hai

r: P

asq

ual

e Sg

ro

App

lied

Eco

nom

ics II

I C

hai

r: S

tan

isla

w C

ich

ocki

Inte

rnat

iona

l Eco

nom

ics II

I C

hai

r: A

nd

reas

Die

tric

h

16.00 – 17.45

Eliz

avet

a M

nats

akan

ova,

Pete

r Hais

s

Bene

fits a

nd d

raw

back

s of b

ank

owne

rshi

p - I

s th

e co

mpa

rison

bet

wee

n pr

ivat

e an

d pu

blic

ba

nks a

mat

ter o

f eff

icie

ncy

vers

us st

abili

ty?

Stell

a N

. Spi

lioti,

G. A

. Kar

atha

nass

is

Com

paris

on o

f the

Ohl

son

and

Felth

am-

Ohl

son

mod

els fo

r equ

ity v

aluat

ion:

Evi

denc

e fr

om th

e Br

itish

tele

com

mun

icatio

ns se

ctor

Luci

a Fa

siang

ova,

Pete

r Hais

s

Less

ons f

rom

the

finan

cial c

risis:

is n

atio

nal

supe

rvisi

on o

f int

erna

tiona

l mar

kets

to b

lame?

Ina

Dim

itriev

a, Pe

ter H

aiss

Fo

reig

n ba

nk st

rate

gies

and

thei

r im

pact

in th

e La

tin A

mer

ican

cris

es

Aris

teid

is Sa

mita

s, Io

anni

s Tsa

kalo

s

Hed

ging

eff

ectiv

enes

s in

ener

gy m

arke

t dur

ing

turb

ulen

t eco

nom

ic p

erio

ds

Jeff

rey

H. B

ergs

trand

, Pet

er E

gger

, Mar

io L

arch

The

New

Exp

ats:

Eco

nom

ic d

eter

min

ants

of

bilat

eral

expa

triat

e, FD

I, an

d in

tern

atio

nal t

rade

flo

ws

And

rom

achi

S. P

iper

akis

Ass

essin

g th

e im

pact

of i

mm

igra

tion

on th

e E

U

trade

Mun

irul N

abin

, Pas

quale

M. S

gro

Ill

egal

mig

ratio

n, te

chno

logy

ado

ptio

n an

d w

elfar

e an

alysis

Alex

andr

os H

atzi

geor

giou

, Dem

etrio

s L.

Papa

dopo

ulos

The

relat

ions

hip

betw

een

the

degr

ees o

f op

erat

ing

and

finan

cial l

ever

age

and

the

inve

stig

atio

n of

the

trade

- of

f hyp

othe

sis:

Evi

denc

e fr

om th

e A

then

s Sto

ck E

xcha

nge

Kyr

iaki M

itrou

ssi,

Ana

stas

ia M

itrou

si

Kno

wle

dge

econ

omy:

The

role

of e

duca

tion

and

its e

cono

mic

impl

icat

ions

in th

e E

U

cont

ext

Polo

na D

omad

enik

, Das

a Fa

rcni

k

Scho

ol to

Wor

k Tr

ansit

ion:

Evi

denc

e fr

om a

Lo

ngitu

dina

l Mat

ched

Em

ploy

er-E

mpl

oyee

D

atas

et

Stan

islaw

Cic

hock

i, Jo

anna

Tyr

owicz

Shad

ow e

mpl

oym

ent i

n tra

nsiti

on -

A m

atte

r of

choi

ce o

r no

choi

ce

And

rzej

Cies

lik, J

an H

agem

ejer

Pr

efer

entia

l tra

de li

bera

lizat

ion

in C

entra

l and

E

aste

rn E

urop

e: Th

e E

U-C

EE

ver

sus i

ntra

-CE

E fr

ee tr

ade

agre

emen

ts.

Luka

sz G

ocze

k

Fore

ign

exch

ange

lend

ing

crisi

s in

Eas

tern

E

urop

e

Paw

eł F

olfa

s

Inte

rnat

iona

l tra

de in

drin

kabl

e w

ater

: th

eore

tical

and

empi

rical

mar

ket a

nalys

is

And

reas

Die

trich

Doe

s gro

wth

cau

se st

ruct

ural

chan

ge, o

r is i

t th

e ot

her w

ay ro

und?

A d

ynam

ic p

anel

data

an

alysis

for s

even

OE

CD c

ount

ries

17

.4

5

–

18

.1

5

Co

ff

ee

b

re

ak

18

.1

5

–

19

.1

5,

R

oo

m

A

Plen

ary

sess

ion.

Spe

aker

: Pro

f. Je

ffrey

H. B

ergs

tran

d, U

nive

rsity

of N

otre

Dam

e, U

SA.

Title

of s

peec

h: “

Eco

nom

ic de

term

inan

ts o

f int

erna

tiona

l tra

de, f

oreig

n di

rect

inve

stm

ent,

and

skill

ed m

igra

tion

in a

wor

ld w

ith m

ultin

atio

nal f

irms”

21

.0

0

Di

nn

er

Plac

e: Re

stau

racja

Ars

enał

(Ars

enal

Rest

aura

nt),

ul. Dłu

ga 5

2

EE

FS 2

009

| U

nive

rsity

of W

arsa

w

10

Sund

ay 7

Jun

e 20

09

09

.3

0

–

17

.0

0

Ex

cu

rs

io

n

The

excu

rsio

n w

ill st

art a

t 9.3

0, re

turn

tim

e is

plan

ned

at 1

7.00

. P

ick-

up

poi

nts

Pa

rticip

ants

mee

t with

the

guid

e at

the

lobb

y of

“So

fitel

Vict

oria

Hot

el” a

t 9:3

0.

The

bus w

ill le

ave

at 9

.45

and

the

next

stop

will

be

“Ibi

s War

szaw

a St

are

Mias

to”,

whe

n th

e re

st o

f trip

pers

will

be

colle

cted

(the

y sh

ould

gat

her a

t the

lo

bby

of Ib

is ho

tel a

t 9:5

0).

Lunc

h at

rest

aura

nt “

Dom

Pol

ski”

is in

clude

d.

The

excu

rsio

n pr

ogra

mm

e in

clude

s the

follo

win

g:

▪ “Ro

yal R

oute

”: d

rive

thro

ugh

the

mos

t fam

ous a

nd e

legan

t ave

nues

in W

arsa

w: N

owy Św

iat a

nd K

rako

wsk

ie Pr

zedm

ieście

; ful

l of p

alace

s, ch

urch

es a

nd

mon

umen

ts in

cludi

ng th

e Pr

esid

entia

l Pala

ce, t

he U

nive

rsity

of W

arsa

w S

t. Cr

oss-

Chur

ch w

ith C

hopi

n's h

eart,

Cop

erni

cus S

tatu

e; ▪ h

istor

ical s

ight

s: Th

e M

onum

ent o

f War

saw

Upr

ising

, Th

eatre

Squ

are

with

Gra

nd O

pera

and

form

er T

own

Hall

bui

ldin

gs, T

he T

omb

of U

nkno

wn

Sold

ier, B

elved

ere

Palac

e; ▪ T

he O

ld T

own:

St.

Ann

's Ch

urch

- te

mpl

e of

War

saw

's st

uden

ts, t

he C

astle

Squ

are

with

the

Colu

mn

of K

ing

Sigi

smun

d II

I Vas

a, St

. Joh

n's C

athe

dral

with

mag

nific

ent G

othi

c in

terio

rs, O

ld T

own

Mar

ket S

quar

e w

ith b

urge

rhou

ses,

the

City

Wall

s with

Bar

bica

n, M

adam

me

Curie

's H

ouse

in th

e N

ew T

own

Are

a; ▪ Ł

azien

ki P

ark:

walk

in th

e fo

rmer

Roy

al G

roun

ds to

see

Palac

e on

the

Wat

er, A

mfit

heat

re, C

hopi

n M

onum

ent (

also

publ

ic Ch

opin

Con

cert

if th

e w

eath

er is

fine

); ▪ P

alace

of C

ultu

re a

nd S

cienc

e w

ith v

iew

ing

terr

ace

on th

e 30

th fl

oor:

the

obse

rvat

ion

deck

with

a w

onde

rful

pan

oram

ic vi

ew o

f War

saw

; ▪ s

ight

s of J

ewish

her

itage

: The

form

er G

hetto

Are

a w

ith th

e se

eing

of th

e H

eroe

s of t

he G

hetto

Upr

ising

Mem

orial

, Th

e U

msc

hlag

plat

z, dr

ive

arou

nd

Grz

ybow

ski S

quar

e w

ith th

e N

ożyk

Syn

agog

ue a

nd Je

wish

The

atre

; ▪ T

he U

nive

rsity

Lib

rary

bui

ldin

g w

ith b

eaut

iful g

arde

n an

d vi

ewin

g te

rrac

e on

roof

.