QED News Events

  • 2018/05/29 (All day)

    It is a pleasure to announce that the winner of the 2017 C.A. Curtis Prize is Mr. Alex Chernoff for his PhD thesis entitled, “Essays on Firm Heterogeneity with Empirical Applications in Economic History and Agricultural Economics,” supervised by Professors Bev Lapham, Huw Lloyd-Ellis and Ian Keay.   The C.A. Curtis prize is awarded annually to the best doctoral thesis. Graduating PhD students who defended their thesis within the previous two years are eligible for nomination.

    We would like to also thank our 2017 Curtis 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 Mr. Chernoff’ s paper as well as a link to the thesis itself.

    “This thesis uses models of firm-heterogeneity to complete empirical analyses in economic history and agricultural economics. In Chapter 2, a theoretical model of firm heterogeneity is used to derive a statistic that summarizes the welfare gains from the introduction of a new technology. The empirical application considers the use of mechanical steam power in the Canadian manufacturing sector during the late nineteenth century. I exploit exogenous variation in geography to estimate several parameters of the model. My results indicate that the use of steam power resulted in a 15.1 percent increase in firm-level productivity and a 3.0-5.2 percent increase in aggregate welfare. Chapter 3 considers various policy alternatives to price ceiling legislation in the market for production quotas in the dairy farming sector in Quebec. I develop a dynamic model of the demand for quotas with farmers that are heterogeneous in their marginal cost of milk production. The econometric analysis uses farm-level data and estimates a parameter of the theoretical model that is required for the counterfactual experiments. The results indicate that the price of quotas could be reduced to the ceiling price through a 4.16 percent expansion of the aggregate supply of quotas, or through moderate trade liberalization of Canadian dairy products. In Chapter 4, I study the relationship between farm-level productivity and participation in the Commercial Export Milk (CEM) program. I use a difference-in-difference research design with inverse propensity weights to test for causality between participation in the CEM program and total factor productivity (TFP). I find a positive correlation between participation in the CEM program and TFP, however I find no statistically significant evidence that the CEM program affected TFP.”


  • 2018/05/08 (All day)

    Dr. Roger Ware was awarded the prestigious Canadian Bar Association 2018 Bill Miller Memorial Award for his paper entitled “The Economics of Multiproduct Loyalty Programs.” This award is granted annually for the best article published in the Canadian Competition Law Review during the prior calendar year.

  • 2018/04/12 (All day)

    "Low on trust and high on volatility: Can Bitcoin find a reason to exist beyond shady transactions?"  Thorsten Koeppl says that while Bitcoin’s future remains uncertain, the fact that this technology has been created is symbolically very important.

  • 2018/04/11 (All day)

    Low on trust and high on volatility: Can Bitcoin find a reason to exist beyond shady transactions? Thorsten Koeppl says the concept of having a blockchain where you do not have to have intermediates is quite transformational and goes beyond cryptocurrencies.

  • 2018/04/05 (All day)

    It is with great pleasure that we wish to congratulate our MA student, Fanny McKellips, who was the recipient of the "Master's Scholarship Award for Women in Economics and Finance" from the Bank of Canada.

    The Bank of Canada announced on March 5, 2018,  the first ever recipients of its Master’s Scholarship Award for Women in Economics and Finance. This award, announced in September 2017, is designed to attract and advance women in the core areas of the Bank’s work, where they are under-represented. A $10,000 scholarship is combined with an offer of permanent employment at the Bank upon successful completion of a master’s degree by a recipient.  

    For full release details on March 5, 2018 click here.

  • 2018/03/08 (All day)

    Father Raymond J. De Souza shared his thoughts on the recent Jordan Peterson lecture in the National Post.















  • 2018/03/01 (All day)

    An article from Inside Science gives reference to Maggie Jones (et al) paper entitled "The Slaughter of the North American Bison and Reversal of Fortunes on the Great Plain".   Access to Maggie's paper presented at the "Issues in Native American Economic Development" hosted by the American Economic Association held January 5, 2018 can be found here.



  • 2018/01/15 (All day)

    Globe and Mail: The painful lesson that pot and bitcoin investors have yet to learn, an AI stock pick, and the chill that's hit bonds.

    MoneySense: What are those pot stock investors smoking?

    Allan Gregory says despite being valued well into the billions of dollars, many cannabis companies have not yet generated profits.

  • 2018/01/11 (All day)

    Investors are delusional when it comes to Canadian marijuana companies. Allan Gregory writes that investors should recall the dot com bubble before investing in cannabis companies.

  • 2018/01/10 (All day)

    The Scarthingmoor Prize is awarded each year to the best MA essay.   We are pleased to announce the winner of the 2016-2017 Scarthingmoor Prize in Economics is:   Daniel Lam, “ MONETARY-FISCAL REGIMES AND CANADA’S MULTIPLIER EFFECT” (Currently working Conference Board of Canada ).

    Abstract: “I investigate the effects of debt-financed government on the Canadian economy using a dynamic stochastic general equilibrium model with Bayesian estimated parameters that are inferred from four macroeconomic time series. The focus of the analysis is on the differences in fiscal multipliers produced under two distinct monetary-fiscal policy regimes, before-and-after the Great Recession. To maximize the multiplier effects of Canadian government investments, my findings recommend a combination of moderate inflation-stabilizing monetary policy and lenient debt-stabilizing fiscal policy.”

    Please join in congratulating Daniel and his respective supervisor, Thor Koeppl.  We would like to thank the committee, consisting of Allan Gregory (chair), Marie-Louise Viero and Amy Sun for their work in choosing a winner among many fine submissions.