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- 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 |
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