1. Home>
  2. Conferences>
  3. 2006 International Conference

Financial Markets and the Real Economy in a Low Interest Rate Environment

June 1-2, 2006
Institute for Monetary and Economic Studies
Bank of Japan
- Program -

Thursday, June 1, 2006

Opening Session
Chairperson: Kazumasa Iwata
Bank of Japan
Opening Remarks: Toshihiko Fukui
Bank of Japan
(PDFfile: 47KB)
<Japanese version (PDFfile: 28KB)>
Keynote Speeches: Bennett T. McCallum
Carnegie Mellon University
(PDFfile: 131KB)
Maurice Obstfeld
University of California at Berkeley
(PDFfile: 111KB)
Session 1 on "Financial Market Functioning and Monetary Policy:Japan's Experience"(PDFfile: 582KB)
Chairperson: Hiroshi Nakaso
Bank of Japan
Paper Presenter: Naohiko Baba
Bank of Japan
Discussants: David Longworth
Bank of Canada
Anthony Richards
Reserve Bank of Australia
Session 2 on "The Bond Yield 'Conundrum' from a Macro-Finance Perspective"(PDFfile: 371KB)
Chairperson: Kiyohiko Nishimura
Bank of Japan
Paper Presenter: Glenn Rudebusch
Federal Reserve Bank of San Francisco
Discussants: Carsten Detken
European Central Bank
Kenneth Kuttner
Oberlin College
Session 3 on "Interpreting Recent Changes in the Credit Spreads of Japanese Banks"(PDFfile: 335KB)
Chairperson: Ulrich Kohli
Swiss National Bank
Paper Presenter: Kenneth Singleton
Stanford University
Discussants: Hung Tran
International Monetary Fund
Kazuo Ueda
University of Tokyo

↑Page Top

Friday, June 2, 2006

Session 4 on "The Mistake of 1937: A General Equilibrium Analysis"(PDFfile: 443KB)
Chairperson: Eiji Hirano
Bank of Japan
Paper Presenter: Gauti Eggertsson
Federal Reserve Bank of New York
Discussants: Andrew Filardo
Bank for International Settlements
Kunio Okina
Bank of Japan
Session 5 on "The Great Moderation and the US External Imbalance"(PDFfile: 219KB)
Chairperson: Jose Luis Malo de Molina
Banco de Espana
Paper Presenter: Fabrizio Perri
New York University
Discussants: Hans Genberg
Hong Kong Monetary Authority
Aviram Levy
Banca d'Italia
Concluding panel on "Financial Markets and the Real Economy in a Low Interest Rate Environment"(PDFfile: 409KB)
Chairperson: Stefan Ingves
Sveriges Riksbank
Panelists: Christine Cumming
Federal Reserve Bank of New York
Lucrezia Reichlin
European Central Bank
Masaaki Shirakawa
Bank of Japan
Bennett T. McCallum
Carnegie Mellon University
Maurice Obstfeld
University of California at Berkeley

As of June 2, 2006

↑Page Top