2014 BOJ-IMES Conference:
Monetary Policy in a Post-Financial Crisis Era

May 28 – 29, 2014
Institute for Monetary and Economic Studies, Bank of Japan
- Program -

Wednesday, May 28, 2014

9:00 Opening Session
Chairperson: Tomoo Yoshida,
Bank of Japan
Opening Remarks: Haruhiko Kuroda,
Bank of Japan
(English [27KB PDF] / Japanese [191KB PDF])
Keynote Speech: Marvin Goodfriend,
Carnegie Mellon University (Paper [93KB PDF])
9:50 Session 1: We Are All QE-sians Now (Paper [1,189KB PDF], Updated version is available as DPS [857KB])
Chairperson: Narayana R. Kocherlakota,
Federal Reserve Bank of Minneapolis
Paper Presenter: Takatoshi Ito,
National Graduate Institute for Policy Studies
Discussant: Jan Marc Berk,
De Nederlandsche Bank
10:45 Coffee Break  
11:05 Session 2: Reserve Requirement Policy over the Business Cycle (Paper [221KB PDF], Updated version is available as DPS [219KB])
Chairperson: Anne Le Lorier,
Banque de France
Paper Presenter: Carlos A. Végh,
Johns Hopkins University
Discussant: Michael P. Leahy,
Board of Governors of the Federal Reserve System
12:00 Guest Speech
Chairperson: Kazuo Momma,
Bank of Japan
Speaker: David A. Lipton,
International Monetary Fund
12:30 Lunch  
14:00 Policy Panel Discussion
Moderator: Maurice Obstfeld,
University of California at Berkeley
Panelists: Thomas J. Jordan,
Swiss National Bank
Yves Mersch,
European Central Bank
Hiroshi Nakaso,
Bank of Japan
Charles I. Plosser,
Federal Reserve Bank of Philadelphia
Raghuram G. Rajan,
Reserve Bank of India
Paul Tucker,
Harvard University
15:40 Coffee Break
16:00 Policy Panel Discussion
18:00 Dinner

Thursday, May 29, 2014

9:00 Session 3: Banking, Liquidity and Bank Runs in an Infinite Horizon Economy (Paper [817KB PDF], Updated version is available as DPS [489KB PDF])
Chairperson: Esther L. George,
Federal Reserve Bank of Kansas City
Paper Presenter: Nobuhiro Kiyotaki,
Princeton University
Discussant: R. Anton Braun,
Federal Reserve Bank of Atlanta
9:55 Coffee Break
10:15 Session 4: Monetary Policy, Financial Conditions, and Financial Stability (Available as DPS [446KB PDF])
Chairperson: Mehmet Yörükoğlu,
Central Bank of the Republic of Turkey
Paper Presenter: Tobias Adrian,
Federal Reserve Bank of New York
Discussant: Frank Packer,
Bank for International Settlements
11:10 Session 5: Post-Crisis Slow Recovery and Monetary Policy (Paper [357KB PDF], Updated version is available as DPS [425KB PDF])
Chairperson: Jun Il Kim,
Bank of Korea
Paper Presenter: Takushi Kurozumi,
Bank of Japan
Discussant: Mark A. Wynne,
Federal Reserve Bank of Dallas
11:50 Adjournment

Lunch (optional)

As of Dec. 24, 2014