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 ([49KB PDF]) <Japanese version ([32KB PDF])> |
Keynote Speeches: | Bennett T. McCallum Carnegie Mellon University ([115KB PDF]) Maurice Obstfeld University of California at Berkeley ([117KB PDF]) |
Session 1 on "The Monetary Policy Committee and the Incentive Problem: A Selective Survey" ([380KB PDF]) | |
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" ([284KB PDF]) | |
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"([226KB PDF]) | |
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 |
Tuesday, May 31
Session 4 on "International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies"([219KB PDF]) | |
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"([270KB PDF]) | |
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"([194KB PDF]) | |
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 |