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2008 International Conference: Frontiers in Monetary Theory and Policy

May 28 - 29, 2008
Institute for Monetary and Economic Studies
Bank of Japan
- Program -

Wednesday, May 28, 2008

Opening Remarks
Chairperson: Kiyohiko G. Nishimura
Bank of Japan
Speaker: Masaaki Shirakawa
Bank of Japan
(English / Japanese)
Introductory Remarks
Chairperson: Charles Evans
Federal Reserve Bank of Chicago
Speaker: Bennett T. McCallum
Carnegie Mellon University
Session 1: "Credit Frictions and Optimal Monetary Policy"(PDFfile:752KB)
Chairperson: Charles Evans
Federal Reserve Bank of Chicago
Presenter: Michael Woodford
Columbia University
Discussant: Miles Kimball
University of Michigan
Mayekawa Lecture "The Way Back to Stability and Growth in the Global Economy"(English / Japanese)
Chairperson: Wataru Takahashi
Bank of Japan
Presenter: John B. Taylor
Stanford University
Session 2: "Global Impact of Chinese Growth"(PDFfile:308KB)
Chairperson: Sheryl Kennedy
Bank of Canada
Presenter: Ippei Fujiwara, Keisuke Otsu and Masashi Saito
Bank of Japan
Discussant: Selahattin Imrohoroglu
University of Sourthern California
Session 3: "An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining"(PDFfile:497KB)
Chairperson: Sheryl Kennedy
Bank of Canada
Presenter: Mark Gertler
New York University
Discussant: Michael Krause
Deutsche Bundesbank
Session 4: "Robust Learning Stability with Operational Monetary Policy Rules"(PDFfile:405KB)
Chairperson: Enrique Marshall
Central Bank of Chile
Presenter: George Evans
University of Oregon
Discussant: James Bullard
Federal Reserve Bank of St. Louis
Session 5: "Monetary Policy and Stock Market Boom-Bust Cycles"(PDFfile:923KB)
Chairperson: Enrique Marshall
Central Bank of Chile
Presenter: Lawrence Christiano
Northwestern University
Discussant: Andrew Levin
Board of Governors of the Federal Reserve System

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Thursday, May 29, 2008

Session 6: "Stepping on a Rake: The Role of Fiscal Policy in the Inflation of the 1970's"(PDFfile:128KB)
Chairperson: Jan Marc Berk
De Nederlandsche Bank
Presenter: Christopher Sims
Princeton University
Discussant: Frank Smets
European Central Bank
Concluding panel: "Discussion on Frontiers in Monetary Theory and Policy"
Moderator: Kiyohiko G. Nishimura
Bank of Japan
Panelists: Michael Woodford
Columbia University
John B. Taylor
Stanford University
Mark Gertler
New York University
George Evans
University of Oregon
Lawrence Christiano
Northwestern University
Christopher Sims
Princeton University
Bennett T. McCallum
Carnegie Mellon University
Maurice Obstfeld
University of California at Berkeley
Concluding Remarks
Chairperson: Kiyohiko G. Nishimura
Bank of Japan
Speaker: Maurice Obstfeld
University of California at Berkeley

Please note that attendance is by invitation only.
As of May 28, 2008

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