Fanny S. Demers

 B.A. (Bogaziçi), M.B.A. (McGill), M.A., Ph.D. (Johns Hopkins)

Associate Professor (Economics)

Office: B-854 Loeb, 613-520-2600 x 3775

E-mail: fanny_demers [at] carleton [dot] ca

Languages spoken other than English: Turkish, French

Research fields: macroeconomics, business cycles, investment theory, asset pricing

Expertise:
• learning and cyclical fluctuations
• investment theory
• the risk-sharing and informational roles of financial markets
• the theory of risk and insurance

Selected publications:

“The Investment Tax Credit and Irreversible Investment” (with Sumru G. Altuğ and Michel Demers), Journal of Macroeconomics, in press; available online 14 January 2009.

“Political Risk and Irreversible Investment” (with Sumru G. Altuğ and Michel Demers), CESifo Economic Studies, Vol. 53, No. 3 (September 2007), pp. 430–465.

“Learning about Tax Policy” (with Sumru G. Altuğ and Michel Demers), Finance Letters, Vol. 5, No. 1 (February 2007), pp. 1–11.

“Investment Dynamics” (with Sumru G. Altuğ and Michel Demers), Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium, ed. Sumru G. Altuğ, Jagjit S. Chadha, and Charles Nolan, Cambridge University Press, 2003, Ch. 2 (pp. 34–154).

“Increases in Risk and the Optimal Deductible” (with Michel Demers), Journal of Risk and Insurance, Vol. 58, No. 4 (December 1991), pp. 670–699.

Short biography:

Fanny Demers received her B.A. from Bogazici University in Istanbul, her M.B.A. from McGill University, and her Ph.D. from the Johns Hopkins University. She has undertaken research in a variety of areas, including the impact of learning in models of cyclical fluctuations and of investment, the impact of taxation on investment, the risk sharing and informational roles of financial markets, the theory of risk aversion, and insurance. She has published articles in a variety of journals, including the European Economic Review, the Journal of Risk and Insurance and the Geneva Papers on Risk and Insurance Theory, as well as chapters in books such as Dynamic Macroeconomic Analysis (Altug, Chadha, and Nolan, eds., Cambridge University Press). She has held visiting positions at the University of British Columbia and at the CEPREMAP (Centre d’études prospectives d’économie mathématique appliquées à la planification) and the CEPII (Centre d’études prospectives et d’informations internationales) in Paris.