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James Edward PESANDO

economist

James Edward PESANDO, economist in the field of Macroeconomic Theory; Capital Markets; Business Finance and Investment.

Background

PESANDO, James Edward was born in 1946 in Toronto, Ontario, Canada.

Education

Bachelor of Arts Harvard University, 1967. Master of Arts University California Berkeley, 1968. Doctor of Philosophy University Toronto, 1971.

Career

Assistant Professor, Assistant Professor of Economics, University Toronto, 1971-1975,1975-1979. Professor of Economics, University Toronto, Research Assistant, National Bureau of Economie Research, New York, New York, United States of America, since 1979. Association Editor, 7 Fin, 83.

Views

Early research interests included distributed lag models and the empirical problem of modelling expectations formation. The term structure of interest rates, with attention to the empirical use of hypothesis of rational expectations formation, became a primary application. Subsequent interests included the question of how shortand long-term interest rates would behave in an efficient capital market.

A special concern to me was the question, at both the theoretical and empirical level, of the ‘forecastability’ of movements in longterm interest rates. For the past three years I have been concerned primarily with issues related to private pension plans and the retirement income system. Specific interests include annuity design, the measurement of pension liabilities, the valuation of benefits by workers, and the problem of accounting for pension costs.