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Demers, Michel

Associate Professor

Languages spoken other than English: French

Research fields: macroeconomics, investment theory and finance, economic development and growth

Expertise:
• irreversible investment
• the impact of uncertainty on investment and financial decisions
• insurance and risk analysis
• growth, structural adjustment, and policy uncertainty

Refereed Publications in the Last 6 Years:

Most Significant Career Research Contributions:

“Political Risk and Irreversible Investment� (with Sumru G. Altuğ and Fanny S. Demers), CESifo Economic Studies, Volume 53, Number 3, September 2007, Pages 430–465.

“Investment Dynamicsâ€� (with Sumru G. AltuÄŸ and Fanny S. Demers), Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium, ed. Sumru G. AltuÄŸ, Jagjit S. Chadha, and Charles Nolan, Cambridge University Press, 2003, Chapter 2, Pages 34–154.

“Cost Uncertainty, Taxation, and Irreversible Investment� (with Sumru G. Altuğ and Fanny S. Demers), Current Trends in Economics: Theory and Applications, ed. Ahmet Alkan, Charalambos D. Aliprantis, and Nicholas C. Yannelis, Springer, 1999, Pages 41–72.

“A Privately Revealing Rational Expectations Equilibrium for the Futures Market� (with Fanny S. Demers), European Economic Review, Volume 33, Number 4, April 1989, Pages 663–685 (lead article).