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ESRI International Conference

"The Changes of the Japanese Economy During the So-Called Lost Decade and the Recovery Out of It"

September 14, 2006

AGENDA


Date:   September 14, 2006
Place:   ESRI, Cabinet Office, Tokyo
9:30     Opening Remarks by Masahiro Kuroda, President of ESRI
Session 1: Monetary Policy and Financial Market
Chair    Hiroshi Yoshikawa, The University of Tokyo

9:40     Tsuyoshi Mihira, Toyo University
"Was Quantitative Easing Policy Effective? An Empirical Analysis of the Monetary Policy in Japan during 2001-2006"
[ 1 (PDF-Format 391KB) ] [ 2 (PDF-Format 353KB) ] [ 3 (PDF-Format 324KB) ]
Discussant:Kenneth West(PDF-Format 19KB) , University of Wisconsin
Discussion
10:40     Yasushi Okada, ESRI
"Is the Persistence of Japan's Low Rate of Deflation a Problem?"
[ 1 (PDF-Format 53KB) ] [ 2 (PDF-Format 93KB) ]
Discussant:Anil Kashyap(PDF-Format 47KB), University of Chicago
Discussion
11:40   <Coffee Break>
Session 2: Macroeconomic Policy Mix
Chair    Kenneth West , University of Wisconsin

11:50     John Taylor, Stanford University
"Lessons from the Recovery from the "Lost Decade" in Japan: The Case of the Great Intervention and Money Injection"
[ 1 (PDF-Format 63KB) ] [ 2 (PDF-Format 50KB) ]
Discussant: Tsutomu Watanabe(PDF-Format 106KB), Hitotsubashi University
Discussion
13:00     <Lunch>
Session 3: The Structural Change in the Labor market
Chair    Noriki Hirose, ESRI

14:00     Jiro Nakamura, Nihon University
"The Impacts of International Migration on the Labor Market in Japan: Evidence from the 1990's"
Discussant: Jennifer Corbett(PDF-Format 75KB), The Australian National University
Discussion
15:00     Henry Farber, Princeton University
"Labor Market Adjustment to Globalization: Long-Term Employment in the United States and Japan"
[ 1 (PDF-Format 227KB) ] [ 2 (PDF-Format 98KB) ]
Discussant: Yuko Ueno(PDF-Format 108KB), Cabinet Office
Discussion
16:00     <Coffee break>
 
Panel Discussion: The Recent Japanese Economic Situation
Chair    Anil Kashyap, University of Chicago
16:10     Keynote Speakers
Katsuhiko Masubuchi & Masaaki Maruyama, ESRI
"Recent Developments of the Japanese Economy Seen from the National Accounts"
[ 1 (PDF-Format 434KB) ] [ 2 (PDF-Format 168KB) ] [ 3 (PDF-Format 134KB) ]
Jun Saito, ESRI
"ECONOMIC POLICIES IN JAPAN SINCE 2001: STOCKTAKING OF LESSONS AND OUTSTANDING ISSUES"
[ 1 (PDF-Format 285KB) ] [ 2 (PDF-Format 89KB) ]
Matthew Slaughter(PDF-Format 53KB), Council of Economic Advisers
"The Japanese Recovery: How Will It Affect the Global Economy?"
David Weinstein, Columbia University
"Defining Price Stability in Japan"
[ 1 (PDF-Format 41KB) ] [ 2 (PDF-Format 56KB) ]
Discussion
17:40     <Q&A time for press>
18:00     Closing

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