2017 BOJ-IMES Conference
Monetary Policy: Lessons Learned and Challenges Ahead
May 24 - 25, 2017
Institute for Monetary and Economic Studies, Bank of Japan
Summary (English [95KB PDF] / Japanese [407KB PDF])
- Program -
Wednesday, May 24, 2017
| 9:00 | Opening Remarks | |
| Chairperson: | Shigenori Shiratsuka,
Bank of Japan |
|
| Speaker: | Haruhiko Kuroda,
Bank of Japan (Video/ English[49KB PDF] / Japanese[260KB PDF]) |
|
| 9:25 | Mayekawa Lecture (Video/ English[180KB PDF] / Japanese [501KB PDF]) | |
| Chairperson: | Kazuo Ueda, Kyoritsu Women's University and University of Tokyo |
|
| Lecturer: | Ben S. Bernanke, The Brookings Institution |
|
| 10:30 | Coffee Break | |
| 11:00 | Session 1: Japanese and U.S. Inflation Dynamics in the 21st Century (English<DPS> [1,297KB PDF]) | |
| Chairperson: | Anne Le Lorier, Banque de France |
|
| Paper Presenter: | Jeffrey C. Fuhrer, Federal Reserve Bank of Boston |
|
| Discussant: | Mototsugu Shintani, University of Tokyo |
|
| 12:10 | Lunch | |
| 14:00 | Keynote Speech(English [1,046KB PDF]/ Japanese [1,279KB PDF]) |
|
| Chairperson: | Shigenori Shiratsuka, Bank of Japan |
|
| Speaker: | Mark Gertler, New York University |
|
| 14:30 | Session 2: Monetary Policy According to Heterogeneous Agent New Keynesian (HANK) Models (English<DPS> [1,228KB PDF]) | |
| Chairperson: | Takatoshi Ito, Columbia University and National Graduate Institute for Policy Studies |
|
| Paper Presenter: | Benjamin Moll, Princeton University |
|
| Discussant: | Boris Cournède, Organisation for Economic Co-operation and Development |
|
| 15:40 | Coffee Break | |
| 16:10 | Session 3: Some Evidence on Secular Drivers of U.S. Safe Real Interest Rates | |
| Chairperson: | Emrah Şener, Central Bank of the Republic of Turkey |
|
| Paper Presenter: | Kenneth D. West, University of Wisconsin-Madison |
|
| Discussant: | Piti Disyatat, Bank of Thailand |
|
| 17:20 | ||
| 18:00 | Buffet Dinner | |
Thursday, May 25, 2017
| 9:00 | Session 4: Market Concentration and Sectoral Inflation under Imperfect Common Knowledge(English<DPS> [726KB PDF]) | |
| Chairperson: | James Bullard, Federal Reserve Bank of St. Louis |
|
| Paper Presenter: | Ryo Kato, Bank of Japan |
|
| Discussant: | John McDermott, Reserve Bank of New Zealand |
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| 10:05 | Coffee Break | |
| 10:25 | Policy Panel Discussion | |
| Moderator: | Marvin Goodfriend, Carnegie Mellon University |
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| Panelists: | Charles L. Evans, Federal Reserve Bank of Chicago Frank Smets, European Central Bank Hiroshi Nakaso, Bank of Japan |
|
| 12:05 | Adjournment | |
| Lunch (optional) | ||