Challenges for Sustained Economic Growth under Changing Economic, Social and International Environments
July 5-6, 2004
Institute for Monetary and Economic Studies
Bank of Japan
- Program -
Monday, July 5
| 9:00 | Opening Remarks: | Toshihiko Fukui Bank of Japan ([55KB PDF]) <Japanese version ([37KB PDF])> |
| 9:20-10:10 | Keynote Speeches: | Bennett T. McCallum Carnegie-Mellon University ([125KB PDF]) Maurice Obstfeld University of California at Berkeley ([247KB PDF]) |
| 10:10-10:30 | Coffee Break | |
| 10:30-12:00 | Session 1 on "Globalization, Inequality and Development: The Big Picture"([292KB PDF]) | |
| Chairperson: | Masaaki Shirakawa Bank of Japan |
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| Paper Presenter: | William R. Easterly New York University |
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| Discussants: | Etsuro Shioji Yokohama National University Stefan Gerlach Hong Kong Monetary Authority |
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| 12:00-13:30 | Lunch | |
| 13:30-15:00 | Session 2 on "Sustained Economic Growth and the Financial System"([222KB PDF]) | |
| Chairperson: | Jean-Philippe Cotis Organisation for Economic Co-operation and Development |
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| Paper Presenter: | Franklin Allen University of Pennsylvania |
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| Discussants: | Palle Andersen Bank for International Settlements Richard W. Peach Federal Reserve Bank of New York |
|
| 15:00-15:15 | Coffee Break | |
| 15:15-16:45 | Session 3 on "Privatizing Social Security: A Political-Economy Approach"([134KB PDF]) | |
| Chairperson: | Nobuo Inaba Bank of Japan |
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| Paper Presenter: | Assaf Razin Tel-Aviv University |
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| Discussants: | Gregory D. Hess Claremont McKenna College Yasushi Iwamoto Hitotsubashi University |
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| 16:45 | Adjournment | |
Tuesday, July 6
| 9:00-10:30 | Session 4 on "Asset Price Fluctuations, Structural Adjustments, and Sustained Economic Growth: Lessons from Japan's Experience since the Late 1980s"([311KB PDF]) | |
| Chairperson: | Robert H. Rasche Federal Reserve Bank of St. Louis |
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| Paper Presenter: | Kunio Okina Bank of Japan Shigenori Shiratsuka Bank of Japan |
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| Discussants: | Charles L. Evans Federal Reserve Bank of Chicago Philip W. Lowe Reserve Bank of Australia |
|
| 10:30-10:45 | Coffee Break | |
| 10:45-12:15 | Session 5 on "Securing the Peace after a Truce in the War on Inflation"([291KB PDF]) | |
| Chairperson: | Eiji Hirano Bank of Japan |
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| Paper Presenter: | Vincent R. Reinhart Board of Governors of the Federal Reserve System |
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| Discussants: | Simon Price Bank of England Masaaki Shirakawa Bank of Japan |
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| 12:15-13:30 | Lunch | |
| 13:30-15:00 | Concluding panel on "Sustained Economic Growth and Central Banking"([232KB PDF]) | |
| Chairperson: | Kazumasa Iwata Bank of Japan |
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| Introductory Speaker: | Kunio Okina Bank of Japan |
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| Panelists: | Otmar Issing European Central Bank Vincent R. Reinhart Board of Governors of the Federal Reserve System Kazuo Ueda Bank of Japan Bennett T. McCallum Carnegie-Mellon University Maurice Obstfeld University of California at Berkeley |
|
| (15:00-15:15 | Coffee Break) | |
| 17:00 | Adjournment | |