{"id":209,"date":"2009-04-16T14:11:21","date_gmt":"2009-04-16T18:11:21","guid":{"rendered":"http:\/\/carleton.ca\/economics\/?page_id=209"},"modified":"2025-06-11T09:09:17","modified_gmt":"2025-06-11T13:09:17","slug":"demers-michel","status":"publish","type":"cu_people","link":"https:\/\/carleton.ca\/economics\/people\/demers-michel\/","title":{"rendered":"Demers, Michel"},"content":{"rendered":"<header class=\"mb-6 cu-pageheader cu-component-updated md:mb-12\">\n    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] relative after:absolute after:h-px after:bottom-0 pb-5 after:w-10 after:bg-cu-red after:left-px\">\n                    \n             \n                \n            <\/h1>\n\n    \n    <\/header>\n\n\n\n<p><strong>Languages spoken other than English<\/strong>: French<\/p>\n\n\n\n<p><strong>Research fields<\/strong>: macroeconomics, investment theory and finance, economic development and growth<\/p>\n\n\n\n<p><strong>Expertise<\/strong>:<br>\n\u2022 irreversible investment<br>\n\u2022 the impact of uncertainty on investment and financial decisions<br>\n\u2022 insurance and risk analysis<br>\n\u2022 growth, structural adjustment, and policy uncertainty<\/p>\n\n\n\n<h4 id=\"refereed-publications-in-the-last-6-years\" class=\"wp-block-heading\">Refereed Publications in the Last 6 Years:<\/h4>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h4 id=\"most-significant-career-research-contributions\" class=\"wp-block-heading\">Most Significant Career Research Contributions:<\/h4>\n\n\n\n<p>\u201cPolitical Risk and Irreversible Investment\u201d (with Sumru G. Altu\u011f and Fanny S. Demers), <em>CESifo Economic Studies<\/em>, Volume 53, Number 3, September 2007, Pages 430\u2013465.<\/p>\n\n\n\n<p>\u201cInvestment Dynamics\u201d (with Sumru G. Altu\u011f and Fanny S. Demers), <em>Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium<\/em>, ed. Sumru G. Altu\u011f, Jagjit S. Chadha, and Charles Nolan, Cambridge University Press, 2003, Chapter 2,&nbsp;Pages 34\u2013154.<\/p>\n\n\n\n<p>\u201cCost Uncertainty, Taxation, and Irreversible Investment\u201d (with Sumru G. Altu\u011f and Fanny S. Demers), <em>Current Trends in Economics: Theory and Applications<\/em>, ed. Ahmet Alkan, Charalambos D. Aliprantis, and Nicholas C. Yannelis, Springer, 1999, Pages 41\u201372.<\/p>\n\n\n\n<p><a href=\"http:\/\/www.jstor.org\/stable\/2297971\">\u201cInvestment under Uncertainty, Irreversibility and the Arrival of Information Over Time,\u201d <em>Review of Economic Studies<\/em>, Volume 58, Number 2, April 1991, Pages 333\u2013350. <\/a><\/p>\n\n\n\n<p>\u201cA Privately Revealing Rational Expectations Equilibrium for the Futures Market\u201d (with Fanny S. Demers), <em>European Economic Review<\/em>, Volume 33, Number 4, April 1989, Pages 663\u2013685 (lead article).<\/p>\n","protected":false},"author":2,"featured_media":35082,"template":"","meta":{"_acf_changed":false,"cu_people_first_name":"Michel","cu_people_last_name":"Demers","cu_people_initials":"","footnotes":"","_links_to":"","_links_to_target":""},"cu_people_type":[445,31,323],"cu_people_expertise":[],"class_list":["post-209","cu_people","type-cu_people","status-publish","has-post-thumbnail","hentry","cu_people_type-ocgse","cu_people_type-regular-faculty","cu_people_type-research-associates"],"acf":{"cu_people_job_title":"Associate Professor","cu_people_degree":"B.A., M.A. (McGill), M.A., Ph.D. (Johns Hopkins)","cu_building":false,"cu_people_office_num":"","cu_people_pronoun":"none","cu_people_designation":"","cu_people_email":"michel.demers@carleton.ca","cu_people_phone":"613-520-2600 x 3772","cu_people_phone_ext":"","cu_people_linkedin":"","cu_people_bluesky":"","cu_people_twitter":"","cu_people_instagram":"","cu_people_facebook":"","cu_people_website":"","cu_people_orcid":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people\/209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/cu_people"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":3,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people\/209\/revisions"}],"predecessor-version":[{"id":41173,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people\/209\/revisions\/41173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/35082"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=209"}],"wp:term":[{"taxonomy":"cu_people_type","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people_type?post=209"},{"taxonomy":"cu_people_expertise","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/cu_people_expertise?post=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}