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  3. 2005 International Conference

Incentive Mechanisms for Economic Policymakers

May 30-31, 2005
Institute for Monetary and Economic Studies
Bank of Japan
- Program -

Monday, May 30

Opening Session
Chairperson: Kazumasa Iwata
Bank of Japan
Opening Remarks: Toshihiko Fukui
Bank of Japan
(PDFfile 49KB)
<Japanese version (PDFfile 32KB)>
Keynote Speeches: Bennett T. McCallum
Carnegie Mellon University
(PDFfile: 115KB)
Maurice Obstfeld
University of California at Berkeley
(PDFfile: 117KB)
Session 1 on "The Monetary Policy Committee and the Incentive Problem: A Selective Survey" (PDFfile: 380KB)
Chairperson: Charles L. Evans
Federal Reserve Bank of Chicago
Paper Presenter: Hiroshi Fujiki
Bank of Japan
Discussants: Marvin Goodfriend
Federal Reserve Bank of Richmond
Ulrich Kohli
Schweizerische National Bank
Session 2 on "Prudential Policy" (PDFfile: 284KB)
Chairperson: Nobuo Inaba
Bank of Japan
Paper Presenter: Jean-Charles Rochet
University of Toulouse
Discussants: Alex Bowen
Bank of England
Wensheng Peng
Hong Kong Monetary Authority
Session 3 on "Marking to Market, Liquidity, and Financial Stability"(PDFfile: 226KB)
Chairperson: Atsushi Mizuno
Bank of Japan
Paper Presenter: Hyun Song Shin
London School of Economics
Discussants: Eli M. Remolona
Bank for International Settlements
George Pickering
Bank of Canada

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Tuesday, May 31

Session 4 on "International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies"(PDFfile: 219KB)
Chairperson: Eiji Hirano
Bank of Japan
Paper Presenter: Kenneth Kletzer
University of California at Santa Cruz
Discussants: Jeromin Zettelmeyer
International Monetary Fund
Jonathan Kearns
Reserve Bank of Australia
Session 5 on "Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence"(PDFfile: 270KB)
Chairperson: Jean-Philippe Cotis
Organisation for Economic Co-operation and Development
Paper Presenter: Francesco Giavazzi
Universita Bocconi
Discussants: Reuven Glick
Federal Reserve Bank of San Francisco
Robert H. Rasche
Federal Reserve Bank of St.Louis
Concluding panel on "Macroeconomic Policy and Central Banking"(PDFfile: 194KB)
Chairperson: Yasuhiro Maehara
Hitotsubashi University
Panelists: Wolfgang Schill
European Central Bank
Janet L. Yellen
Federal Reserve Bank of San Francisco
Masaaki Shirakawa
Bank of Japan
Bennett T. McCallum
Carnegie Mellon University
Maurice Obstfeld
University of California at Berkeley

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