College News
Maggs Presents at International Atlantic Economic Conference
12/06/2010
Dr. Gary Maggs, professor of economics, recently presented a co-authored paper at the International Atlantic Economic Conference in Charleston, South Carolina.
The paper was titled, “Time Dependent Aggregate Demand,” and Maggs wrote it with Dr. Ben Kyer, an economics professor at Francis Marion University.
It considers the substantial role that time plays in influencing the response of aggregate demand for any given change in the economy’s price level. A standard dynamic neoclassical model is analyzed within various economic time frames in order to derive a number of outcomes which serve as a basis for better explaining the varying responses of aggregate demand for given changes in the price level. In this way, the response to time can be thought of as implicit to the analysis. This then allows for the characterization of aggregate demand as being dependent not only on the traditional collection of money and goods market parameters, but also on the passage of time. This recognition has not only theoretical implications but also provides a number of nuances relating to the short- and long-run effectiveness of monetary and fiscal policy in a dynamic economy.
Since the late 1980s, Maggs has been a consistent presenter at this conference, which is attended by hundreds of economists each year. He and Kyer also have a number of publications that have appeared in the Atlantic Economic Journal since their involvement with the conference began.
The conference is hosted by the International Atlantic Economic Society (IAES), which was founded in 1973. The society identified a need for increased communication among economists across continents. Well-known economists from around the world have participated in the IAES global exchange, including Nobel laureates and leading government officials. In fact, approximately 20 percent of IAES Presidents have been awarded the Nobel Prize in Economics. Through its publications and conferences, the society promotes the dissemination of economic and financial research within the international community.
Latest College News Stories
- O’Keefe Ross Art Gallery to Open “Parallel Universe and Figurations” Exhibit May 20
- Wegmans School of Nursing Acknowledges Nine with Graduate Awards
- MBA Graduates Recognized
- Inaugural Joining Forces Conference Attracts 170 Health Care Professionals, Veterans to Campus
- Executive Leadership Program Honors Students
- Wegmans School of Pharmacy Honors Students During Hooding Ceremony
- Bain Awards President’s Medals at 59th Commencement
- President’s Awards Ceremony Recognizes 47 Graduating Seniors
- Madigan, Plata, and McGregor Honored During Commencement Weekend
- Class of 2013 Presents Class Gift
- Goonan ’75 Receives Honorary Degree
- McCullough Urges Graduates to ‘Keep Learning, Cultivate Curiosity’
- Sodano Receives Father Dorsey Award
- School of Pharmacy Holds 2013 Student Awards
- “Undergraduate Review” Now Available Online