2015 BOJ-IMES Conference:
Monetary Policy: Its Effects and Implementation
June 4 – 5, 2015
Institute for Monetary and Economic Studies, Bank of Japan
Summary (English [128KB PDF] / Japanese [461KB PDF])
- Program -
Thursday, June 4, 2015
| 9:00 | Opening Session | |
| Chairperson: | Kenichirou Watanabe,
Bank of Japan |
|
| Opening Remarks: | Haruhiko Kuroda,
Bank of Japan (English [40KB PDF] / Japanese [218KB PDF]) |
|
| 9:20 | Session 1: Forward Guidance and Asset Prices (Paper [254KB PDF], Updated version is available as DPS [330KB PDF]) | |
| Chairperson: | Mehmet Yörükoğlu, Central Bank of the Republic of Turkey |
|
| Paper Presenter: | Jonathan Wright, Johns Hopkins University |
|
| Discussant: | Jan Marc Berk, De Nederlandsche Bank |
|
| General Discussion | ||
| 10:15 | Coffee Break | |
| 10:35 | Session 2: On the International Spillovers of US Quantitative Easing (Paper [397KB PDF], Updated version is available as DPS [389KB PDF]) | |
| Chairperson: | Kazuo Momma, Bank of Japan |
|
| Paper Presenter: | Roland Straub, European Central Bank |
|
| Discussant: | Kei-Mu Yi, Federal Reserve Bank of Minneapolis |
|
| General Discussion | ||
| 11:30 | Session 3: Money Markets and Monetary Policy (Paper1 [PDF]*, Updated version is available as DPS [239KB PDF] / Paper2 [PDF]*) * Link to the New York Fed website |
|
| Chairperson: | Anne Le Lorier, Banque de France |
|
| Paper Presenter: | James J. McAndrews, Federal Reserve Bank of New York |
|
| Discussant: | Eli Remolona, Bank for International Settlements |
|
| General Discussion | ||
| 12:25 | Lunch | |
| 14:00 | Policy Panel Discussion | |
| Moderator: | Takatoshi Ito, Columbia University National Graduate Institute for Policy Studies |
|
| Panelists: | Stephen G. Cecchetti, Brandeis International Business School Marvin Goodfriend, Carnegie Mellon University Ravi Menon, Monetary Authority of Singapore Hiroshi Nakaso, Bank of Japan Lucas Papademos, Bank of Greece |
|
| 15:30 | Coffee Break | |
| 15:50 | Policy Panel Discussion | |
| General Discussion | ||
| 17:30 | Conference Dinner | |
Friday, June 5, 2015
| 9:15 | Session 4: Maturity Structure and Supply Factors in Japanese Government Bond Markets (Paper [1,073KB PDF], Updated version is available as MES [3,676KB]) | |
| Chairperson: | Kazuo Ueda, University of Tokyo |
|
| Paper Presenter: | Ichiro Fukunaga, Bank of Japan |
|
| Discussant: | Christopher J. Waller, Federal Reserve Bank of St. Louis |
|
| General Discussion | ||
| 10:15 | Coffee Break | |
| 10:45 | Session 5: A Model of Secular Stagnation (Paper [852KB PDF], Updated version is available as DPS [857KB]) | |
| Chairperson: | Jean-Luc Schneider, Organisation for Economic Co-operation and Development |
|
| Paper Presenter: | Neil R. Mehrotra, Brown University |
|
| Discussant: | Michael Dotsey, Federal Reserve Bank of Philadelphia |
|
| General Discussion | ||
| 11:45 | Coffee Break | |
| 11:55 | Mayekawa Lecture (Available as MES [233KB PDF]) | |
| Chairperson: | Woon Gyu Choi, Bank of Korea |
|
| Lecturer: | Barry Eichengreen, University of California, Berkeley |
|
| Q&A | ||
| 13:00 | Adjournment | |
| Lunch (optional) | ||