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2008 International Conference: Frontiers in Monetary Theory and Policy
May 28 - 29, 2008
Institute for Monetary and Economic Studies
Bank of Japan
- Program -
Wednesday, May 28, 2008
| Opening Remarks | |
| Chairperson: | Kiyohiko G. Nishimura Bank of Japan |
| Speaker: | Masaaki Shirakawa Bank of Japan (English / Japanese) |
| Introductory Remarks | |
| Chairperson: | Charles Evans Federal Reserve Bank of Chicago |
| Speaker: | Bennett T. McCallum Carnegie Mellon University |
| Session 1: "Credit Frictions and Optimal Monetary Policy"(PDFfile:752KB) | |
| Chairperson: | Charles Evans Federal Reserve Bank of Chicago |
| Presenter: | Michael Woodford Columbia University |
| Discussant: | Miles Kimball University of Michigan |
| Mayekawa Lecture "The Way Back to Stability and Growth in the Global Economy"(English / Japanese) | |
| Chairperson: | Wataru Takahashi Bank of Japan |
| Presenter: | John B. Taylor Stanford University |
| Session 2: "Global Impact of Chinese Growth"(PDFfile:308KB) | |
| Chairperson: | Sheryl Kennedy Bank of Canada |
| Presenter: | Ippei Fujiwara, Keisuke Otsu and Masashi Saito Bank of Japan |
| Discussant: | Selahattin Imrohoroglu University of Sourthern California |
| Session 3: "An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining"(PDFfile:497KB) | |
| Chairperson: | Sheryl Kennedy Bank of Canada |
| Presenter: | Mark Gertler New York University |
| Discussant: | Michael Krause Deutsche Bundesbank |
| Session 4: "Robust Learning Stability with Operational Monetary Policy Rules"(PDFfile:405KB) | |
| Chairperson: | Enrique Marshall Central Bank of Chile |
| Presenter: | George Evans University of Oregon |
| Discussant: | James Bullard Federal Reserve Bank of St. Louis |
| Session 5: "Monetary Policy and Stock Market Boom-Bust Cycles"(PDFfile:923KB) | |
| Chairperson: | Enrique Marshall Central Bank of Chile |
| Presenter: | Lawrence Christiano Northwestern University |
| Discussant: | Andrew Levin Board of Governors of the Federal Reserve System |
Thursday, May 29, 2008
| Session 6: "Stepping on a Rake: The Role of Fiscal Policy in the Inflation of the 1970's"(PDFfile:128KB) | |
| Chairperson: | Jan Marc Berk De Nederlandsche Bank |
| Presenter: | Christopher Sims Princeton University |
| Discussant: | Frank Smets European Central Bank |
| Concluding panel: "Discussion on Frontiers in Monetary Theory and Policy" | |
| Moderator: | Kiyohiko G. Nishimura Bank of Japan |
| Panelists: | Michael Woodford Columbia University John B. Taylor Stanford University Mark Gertler New York University George Evans University of Oregon Lawrence Christiano Northwestern University Christopher Sims Princeton University Bennett T. McCallum Carnegie Mellon University Maurice Obstfeld University of California at Berkeley |
| Concluding Remarks | |
| Chairperson: | Kiyohiko G. Nishimura Bank of Japan |
| Speaker: | Maurice Obstfeld University of California at Berkeley |
Please note that attendance is by invitation only.
As of May 28, 2008