2024 BOJ-IMES Conference
Price Dynamics and Monetary Policy Challenges
-- Lessons Learned and Going Forward --

May 27 - 28, 2024
Institute for Monetary and Economic Studies, Bank of Japan
IMES Newsletter (English / Japanese)
Summary (English[200KB PDF] / Japanese[520KB PDF])
– Program –

Monday, May 27, 2024

9:00 Opening Remarks
(English[427KB PDF] / Japanese[681KB PDF] )
Speaker:
Kazuo Ueda, Bank of Japan
9:20
Mayekawa Lecture: The Way to Stability and Growth in the World Economy
(English[618KB PDF])
Chairperson: Peter Kažimír, Národná banka Slovenska
Lecturer: John B. Taylor, Stanford University
10:30
Coffee Break
Theme A: Price Dynamics
11:00
Keynote Speech I: Price Dynamics in Japan over the Past 25 Years
(English[1,915KB PDF] / Japanese[2,318KB PDF] )
Chairperson: Shin-ichi Fukuda, The University of Tokyo
Speaker: Shinichi Uchida, Bank of Japan
11:50
Lunch
13:10
Session 1: Inflation, Monetary and Fiscal Policy, and Japan
Chairperson: Shin-ichi Fukuda, The University of Tokyo
Paper Presenter: John H. Cochrane, Stanford University
Discussant: Nao Sudo, Bank of Japan
14:15
Break
14:20
Session 2: On the Zero-Inflation Norm of Japanese Firms
(English〈DPS〉[1,619KB PDF])
Chairperson: Shin-ichi Fukuda, The University of Tokyo
Paper Presenter: Yoshihiko Hogen, Bank of Japan
Discussant: Paolo Pesenti, Federal Reserve Bank of New York
15:25
Coffee Break
15:55
Policy Panel Discussion I
Moderator: Athanasios Orphanides, Massachusetts Institute of Technology
Panelists: Charles L. Evans, formerly of Federal Reserve Bank of Chicago
Pierre-Olivier Gourinchas, International Monetary Fund
Olli Rehn, Bank of Finland
Eli M. Remolona, Jr., Bangko Sentral ng Pilipinas
Boštjan Vasle, Banka Slovenije
17:25
17:30
Buffet Dinner
Tuesday, May 28, 2024

Theme B: Effects of Conventional and Unconventional Policy Instruments
9:00
Keynote Speech II: (Un)conventional Monetary Policy and Resilience
Chairperson: Takeo Hoshi, The University of Tokyo
Speaker: Markus Brunnermeier, Princeton University
9:50
Break
9:55
Session 3: Testing the Effectiveness of Unconventional Monetary Policy in Japan and the United States
Chairperson: Takeo Hoshi, The University of Tokyo
Paper Presenter: Sophocles Mavroeidis, University of Oxford
Discussant: Åsa Olli Segendorf, Sveriges Riksbank
11:00
Coffee Break
11:30
Session 4: Conventional and Unconventional Monetary Policies - Inflation and Resources
Chairperson: Takeo Hoshi, The University of Tokyo
Paper Presenter: Ricardo Reis, London School of Economics and Political Science
Discussant: Masazumi Hattori, Hitotsubashi University
12:35
Lunch
13:55
Policy Panel Discussion II
Moderator: Markus Brunnermeier, Princeton University
Panelists: Michelle W. Bowman, Board of Governors of the Federal Reserve System
Thomas J. Jordan, Swiss National Bank
Loretta J. Mester, Federal Reserve Bank of Cleveland
Isabel Schnabel, European Central Bank
Ryozo Himino, Bank of Japan
15:25
Adjournment