QED News Events

  • 2018/10/22 - 11:15am

    The Financial Pipeline: Should you invest in pot stocks?

    Dr. Gregory says these are not blue chip stocks – these come with warning labels.

  • 2018/10/03 - 1:45pm
  • 2018/08/23 (All day)

    Policy Options: Canada’s cannabis economy

    Allan W. Gregory joined the "Policy Options" podcast to discuss key economic questions surrounding legalized cannabis in Canada.

  • 2018/08/16 (All day)

    A QED working paper (1371) by Robin Boadway, and an MA alumni (Kourtney Koebel) was referenced and linked in an op-ed (co-written by Kourtney Koebel) published in the national post.


  • 2018/07/31 - 2:15pm

    It is with pleasure to announce that Morten Nielsen is the recipient of the 2018 Dan Usher Prize for Excellence in Economic Research. This prize was awarded on the basis of research published during the period 2015-2017 and was previously known as the QED Research Prize.   Thank you to the Prize Committee which was made up of the last two recipients, Chris Cotton and Thor Koeppl.

  • 2018/07/23 (All day)
  • 2018/07/03 (All day)


    Allan Gregory says that while not every cannabis stock is going to fall, the losers will outweigh the winners.  See articles below:

    "Is Canada's Marijuana the New Bitcoin?  Stocks Surge After Legalization", Newsweek

    "Could pot stocks make you rich?", Global News Article

  • 2018/06/02 (All day)

    Stephen Tapp (IRPP), Ari Van Assche (HEC Montreal), and Robert Wolfe (Queen’s) are the winners of the 2018 Doug Purvis Memorial Prize for their edited volume, "Redesigning Canadian Trade Policies for New Global Realities" (Institute for Research on Public Policy (IRPP), Volume VI).

    The Prize was established in 1994 in memory of noted Canadian and Queen's economist Douglas D. Purvis and is awarded annually to authors of a highly significant, written contribution to Canadian economic policy.

    Stephen Tapp received his MA from Queen's in 2001 (supervised by Alan Green) and his PhD in 2008 (supervised by Allen Head, Thor Koeppl and Gregor Smith).  Robert Wolfe from the Queen’s School of Policy Studies was also a co-editor. Bev Lapham from the QED contributed a key chapter and was also on the IRPP advisory committee which guided the initial planning for the project.

    Full News release: http://irpp.org/news-release/irpp-book-wins-2018-doug-purvis-memorial-prize/

  • 2018/06/01 (All day)

    The Russia World Cup could be about to boost the bitcoin price.

    Dr. Koeppl says the value of Bitcoin is partly driven by its potential as a payments tool and, before the fees rose along with the price, there were people using Bitcoin for international transfers.


  • 2018/05/29 (All day)

    It is a pleasure to announce that the winner of the Scarthingmoor PhD prize in Economics is Margaux MacDonald for her PhD thesis entitled, “E International Capital Flows and Monetary Policy Spillovers,” supervised by Professors Gregor Smith and Allan Gregory. This is the first year presented to a PhD student for the best thesis. 

    We would like to also thank our 2017 Scarthingmoor PhD prize committee Sumon Majumdar and James MacKinnon, for all of their hard work in deciding this prestigious award. 

    Below you will find the abstract for Ms. MacDonald’s paper as well as a link to the thesis itself.

    “This dissertation examines the drivers and implications of international capital flows. The overarching motivation is the observation that countries not at the centre of global financial markets are subject to considerable spillovers from centre countries, notably from their monetary policy. I present new empirical evidence on the determinants of the observed patterns of international capital flows and monetary policy spillovers, and study their effect on both financial markets and the real economy. In Chapter 2 I provide evidence on the determinants of a puzzling negative correlation observed between productivity growth and net capital inflows to developing and emerging market economies (EMEs) since 1980. By disaggregating net capital inflows into their gross components, I show that this negative correlation is explained by capital outflows related to purchases of very liquid assets from the fastest growing countries. My results suggest a desire for international portfolio diversification in liquid assets by fast growing countries is driving much of the original puzzle. In the reminder of my dissertation I pivot to study the foreign characteristics that drive international capital flows and monetary policy spillovers, with a particular focus on the role of unconventional monetary policy in the United States (U.S.). In Chapter 3 I show that a significant portion of the heterogeneity in EMEs' asset price adjustment following the quantitative easing operations by the Federal Reserve (the Fed) during 2008-2014 can be explained by the degree of bilateral capital market frictions between these countries and the U.S. This is true even after accounting for capital controls, exchange rate regimes, and domestic monetary policies. Chapter 4, co-authored with Michal Ksawery Popiel, studies unconventional monetary policy in a small open economy, looking specifically at the case of Canada since the global financial crisis. We quantify the effect Canadian unconventional monetary policy shocks had on the real economy, while carefully controlling for and quantifying spillovers from U.S. unconventional monetary policy. Our results indicate that the Bank of Canada's unconventional monetary policy increased Canadian output significantly from 2009-2010, but that spillovers from the Fed's policy were even more important for increasing Canadian output after 2008.