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9:00
Opening Remarks
Speaker:Kazuo Ueda, Bank of Japan -
9:20
Mayekawa Lecture: Trust and Macroeconomic Stability: a Virtuous Circle
Chairperson:Seiichi Shimizu, Bank of JapanLecturer:Agustín Carstens, Bank for International Settlements -
10:30
Coffee Break
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11:00
Session 1: Reserve Demand, Interest Rate Control, and Quantitative Tightening
Chairperson:Tuomas Välimäki, Bank of FinlandPaper Presenter:Annette Vissing-Jorgensen, Federal Reserve BoardDiscussant:Hibiki Ichiue, Keio University -
12:00
Lunch
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13:20
Keynote Speech: Challenges for Monetary Policy and Its Communication
Chairperson:Peter Kažimír, National Bank of SlovakiaSpeaker:Athanasios Orphanides, Massachusetts Institute of Technology -
14:10
Break
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14:15
Session 2: Monetary Policy and Inflation Scares
Chairperson:Anna Breman, The RiksbankPaper Presenter:Christopher J. Erceg, International Monetary FundDiscussant:Jae Won Lee, Bank of Korea -
15:15
Coffee Break
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15:45
Session 3: The Causal Effects of Inflation Uncertainty on Households' Beliefs and Actions
Chairperson:Rosmarie Schlup, Swiss National BankPaper Presenter:Yuriy Gorodnichenko, University of California, BerkeleyDiscussant:Taisuke Nakata, The University of Tokyo -
16:45
Break
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17:00
Policy Panel Discussion 1: Monetary Policy Challenges in an Uncertain Economy
Moderator:Takeo Hoshi, The University of TokyoPanelists:Mário Centeno, Banco de PortugalAndrew Hauser, Reserve Bank of AustraliaNeel Kashkari, Federal Reserve Bank of MinneapolisM. Ayhan Kose, The World Bank Group -
18:10
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18:20
Buffet Dinner
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19:40
Adjournment of the day
- Click here for the list of the BOJ-IMES conferences.
- Click here for the Institute for Monetary and Economic Studies website.
2025 BOJ-IMES Conference
New Challenges for Monetary Policy
May 27-28, 2025
Institute for Monetary and Economic Studies, Bank of Japan
Preliminary Program (subject to change)
Tuesday, May 27, 2025
Wednesday, May 28, 2025
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9:00
Fireside Chat
Moderator:Ryozo Himino, Bank of JapanGuest Speaker:John Williams, Federal Reserve Bank of New York -
9:30
-
9:40
Session 4: Mind the Gap When Exiting Low-for-Long
Chairperson:Stephen Murchison, Bank of CanadaPaper Presenter:Daisuke Ikeda, Bank of JapanDiscussant:Spencer Krane, Federal Reserve Bank of Chicago -
10:40
Coffee Break
-
11:10
Policy Panel Discussion 2: Monetary Policy in a Global Economy
Moderator:Christopher Waller, Federal Reserve BoardPanelists:Pierre-Olivier Gourinchas, International Monetary FundLuc Laeven, European Central BankClare Lombardelli, Bank of EnglandEli M. Remolona, Jr., Bangko Sentral ng PilipinasShinichi Uchida, Bank of Japan -
12:30
Adjournment
-
12:45
Lunch (optional)
-
14:00
As of May 26, 2025