Photo of Michel Demers

Michel Demers

Associate Professor

Degrees:B.A., M.A. (McGill), M.A., Ph.D. (Johns Hopkins)
Phone:613-520-2600 x 3772
Office:B-855 Loeb

Languages spoken other than English: French

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

• 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, Vol. 53, No. 3 (September 2007), pp. 430–465.

“Investment Dynamics” (with Sumru G. Altuğ and Fanny S. 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).

“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, pp. 41–72.

“Investment under Uncertainty, Irreversibility and the Arrival of Information Over Time,” Review of Economic Studies, Vol. 58, No. 2 (April 1991), pp. 333–350.

“A Privately Revealing Rational Expectations Equilibrium for the Futures Market” (with Fanny S. Demers), European Economic Review, Vol. 33, No. 4 (April 1989), pp. 663–685 (lead article).