2012 BOJ-IMES Conference:
Demographic Changes and Macroeconomic Performance
May 30th - 31st, 2012
Institute for Monetary and Economic Studies, Bank of Japan
Preliminary and Subject to Changes
Wednesday, May 30th, 2012
| 9:00 | Opening Session | |
| Chairperson: | Tomoo Yoshida, Bank of Japan |
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| Opening Remark: | Masaaki Shirakawa (English [1,502KB PDF] / Japanese [1,791KB PDF]), Bank of Japan |
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| Keynote Speech: | Marvin Goodfriend, (paper [99KB PDF]) Carnegie Mellon University |
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| 10:00 | Session 1: Macroeconomic Implications of Demographic Changes: A Global Perspective (paper [537KB PDF]) | |
| Chairperson: | James B. Bullard, Federal Reserve Bank of St. Louis |
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| Paper Presenter: | Ronald D. Lee, University of California at Berkeley |
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| Discussant: | Naohiro Ogawa, Nihon University |
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| 10:55 | Coffee Break | |
| 11:15 | Session 2: Societal Aging: Implications for Fiscal Policy (paper [232KB PDF]) | |
| Chairperson: | Pierre Jaillet, Banque de France |
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| Paper Presenter: | Alan J. Auerbach, University of California at Berkeley |
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| Discussants: | Willem Heeringa, De Nederlandsche Bank |
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| Selahattin İmrohoroğlu, University of Southern California |
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| 12:30 | Lunch | |
| 14:00 | Mayekawa Lecture (paper [112KB PDF]) | |
| Chairperson: | Charles I. Plosser, Federal Reserve Bank of Philadelphia |
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| Lecturer: | Otmar Issing, Goethe University Frankfurt |
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| 15:10 | Session 3: Demographics, Redistribution, and Optimal Inflation (paper [575KB PDF]) | |
| Chairperson: | Hiroshi Nakaso, Bank of Japan |
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| Paper Presenter: | Christopher J. Waller, Federal Reserve Bank of St. Louis |
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| Discussants: | Hiroshi Fujiki, Bank of Japan |
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| Philipp Hartmann, European Central Bank |
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| 16:25 | Coffee Break | |
| 16:45 | Session 4: Monetary Policy and the Demographic Transition | |
| Chairperson: | Pierre St-Amant, Bank of Canada |
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| Paper Presenter: | Andrea Ferrero, Federal Reserve Bank of New York |
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| Discussants: | Piti Disyatat, Bank of Thailand |
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| John Sequeira, Monetary Authority of Singapore |
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| 18:00 | Adjournment | |
Thursday, May 31st, 2012
| 8:30 | Session 5: Aging and Household Stockholdings: Evidence from Japanese Household Survey Data (paper [581KB PDF]) | |
| Chairperson: | Ryuzo Miyao, Bank of Japan |
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| Paper Presenter: | Naohisa Hirakata, Bank of Japan |
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| Discussant: | Előd Takáts, Bank for International Settlements |
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| 9:10 | Coffee Break | |
| 9:30 | Policy Panel Discussion | |
| Moderator: | Kiyohiko G. Nishimura, Bank of Japan |
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| Panelists: | Donald L. Kohn, The Brookings Institution Maurice Obstfeld, University of California at Berkeley Glenn Stevens, Reserve Bank of Australia Nout Wellink, De Nederlandsche Bank (formerly) |
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| 11:30 | Adjournment | |
Please note that attendance is by invitation only.
As of Jul. 2, 2012