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
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
10:05 Coffee Break
10:25 Policy Panel Discussion
Moderator: Marvin Goodfriend,
Carnegie Mellon University
Panelists: Charles L. Evans,
Federal Reserve Bank of Chicago
Frank Smets,
European Central Bank
Hiroshi Nakaso,
Bank of Japan
12:05 Adjournment
Lunch (optional)