2011 International Conference:
Real and Financial Linkage and Monetary Policy
June 1st - 2nd, 2011
Institute for Monetary and Economic Studies,
Bank of Japan
Preliminary and Subject to Changes
Wednesday, June 1st, 2011
| 9:00 | Opening Session | |
| Chairperson: | Tomoo Yoshida, Bank of Japan |
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| Opening Remark: | Masaaki Shirakawa (Remarks: English[PDF]/ Japanese[PDF]), Bank of Japan |
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| Keynote Speech: | Maurice Obstfeld, (paper[PDF]) University of California at Berkeley |
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| 9:40 | Session 1: Bubbles, Banks and Financial Stability (Paper[PDF]) | |
| Chairperson: | Jean-Pierre Danthine, Swiss National Bank |
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| Paper presenter: | Kosuke Aoki, University of Tokyo |
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| Discussant: | Piti Disyatat, Bank of Thailand |
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| Discussant: | Christopher J. Waller, Federal Reserve Bank of St. Louis |
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| 10:55 | Coffee Break | |
| 11:15 | Session 2: Collateral Crises (Paper[PDF]) | |
| Chairperson: | Reuven Glick, Federal Reserve Bank of San Francisco |
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| Paper presenter: | Gary B. Gorton, Yale University |
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| Discussant: | Kazuhiko Ohashi, Hitotsubashi University |
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| Discussant: | Javier Suarez, CEMFI |
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| 12:30 | Lunch | |
| 13:30 | Mayekawa Lecture (Lecture[PDF]) | |
| Chairperson: | Kazuo Ueda, University of Tokyo |
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| Lecturer: | Charles Goodhart, London School of Economics |
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| 14:30 | Session 3: International Recessions (Paper[PDF]) | |
| Chairperson: | Pier Carlo Padoan, Organisation for Economic Co-operation and Development |
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| Paper presenter: | Fabrizio Perri, University of Minnesota |
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| Discussant: | Paolo Pesenti, Federal Reserve Bank of New York |
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| Discussant: | Etsuro Shioji, Hitotsubashi University |
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| 15:45 | Coffee Break | |
| 16:05 | Session 4: Bank Overleverage and Macroeconomic Fragility (Paper[PDF]) | |
| Chairperson: | Jean-Pierre Landau, Bank of France |
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| Paper presenter: | Ryo Kato, Bank of Japan |
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| Discussant: | Frank Smets, European Central Bank |
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| Discussant: | Aleh Tsyvinski, Yale University |
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| 17:20 | Adjournment | |
Thursday, June 2nd, 2011
| 9:00 | Session 5: Foreclosures, House Prices, and the Real Economy (Paper[PDF]) | |
| Chairperson: | Ryuzo Miyao, Bank of Japan |
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| Paper presenter: | Atif R. Mian, University of California at Berkeley |
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| Discussant: | Jonathan Kearns, Reserve Bank of Australia |
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| Discussant: | Tsutomu Watanabe, Hitotsubashi University and University of Tokyo |
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| 10:15 | Coffee Break | |
| 10:35 | Policy Panel Discussion | |
| Moderator and kickoff speaker: | Marvin Goodfriend, Carnegie Mellon University |
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| Panelists: | Choongsoo Kim, Bank of Korea Kiyohiko G. Nishimura, Bank of Japan Axel A. Weber, Deutsche Bundesbank Janet L. Yellen, Board of Governors of the Federal Reserve System |
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| 12:35 | Adjournment | |
Please note that attendance is by invitation only.
As of June 1st, 2011