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Jun 24, 9:00-17:15 & Jun 25, 9:00-13:30, 2013  Venue:FUKURACIA Tokyo Station (Asahi Seimei Otemachi Building 5F-L, 6-1, Otemachi 2-chome, Chiyoda-ku, Tokyo)

CIGS Conference on Macroeconomic Theory and Policy 2013

In June 2013, CIGS hosted the "CIGS Conference on Macroeconomic Theory and Policy 2013" under the theme of “Advances in Economic Theory and Measurement” where world-leading scholars and researchers in macroeconomics as well as Japanese young researchers were gathered for deep discussions.

  • Agenda for the conference on Jun-24 & 25, 2013
    AgendaPDF:105KB


  • Presentations and papers


    Opening Remarks

    • Toshihiko Fukui
      President, The Canon Institute for Global Studies

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    Keynote Speech

    • Speaker:Edward C. Prescott (Arizona State University)
      Theme:"The Goods and the Bads of the U.S. Financial System and How to Make the System Better"

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    Presentations

    • Presentator:Ramon Marimon (European University Institute)
      Theme:"Risky Investments with Limited Commitment" (joint with Thomas Cooley and Vincenzo Quadrini)



      Presentation Slidepdf:600KB   Paperpdf:657KB





      Discussant: Hugo Hopenhayn (UCLA)
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      (Dr. Ramon Marimon)

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      (Dr. Hugo Hopenhayn)

    • Presentator:Timothy J. Kehoe (University of Minnesota)
      Theme:"Global Imbalances and Structural Change in the United States" (joint with Kim J. Ruhl and Joseph B. Steinberg)



      Presentation Slidepdf:833KB   Paperpdf:1.0MB





      Discussant: German Cubas (Central Bank of Uruguay and FCS-University of Republic)
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      (Dr. Timothy J. Kehoe)

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      (Dr. German Cubas)

    • Presentator:Julen Esteban-Pretel (National Graduate Institute for Policy Studies)
      Theme:"Labor Market Policies in a Dual Economy" (joint with Sagiri Kitao)



      Presentation Slidepdf:169KB   Paperpdf:678KB







      Discussant: Gary D. Hansen (UCLA)
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      (Dr. Julen Esteban-Pretel)

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      (Dr. Gary D. Hansen)

    • Presentator:Karen A. Kopecky (FRB of Atlanta)
      Theme:"Old, Sick, Alone and Poor: A Welfare analysis of Old-Age Social Insurance Programs" (joint with R. Anton Braun and Tatyana Koreshkova.)



      Presentation Slidepdf:371KB   Paperpdf:450KB





      Discussant: Sagiri Kitao (City University of New York)
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      (Dr. Karen A. Kopecky)

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      (Dr. Sagiri Kitao)

    • Presentator:Ellen R. McGrattan (FRB of Minneapolis)
      Theme:"On Financing Retirement with an Aging Population" (joint with Edward C. Prescott)



      Presentation Slidepdf:181KB   Paperpdf:180KB






      Discussant: Selahattin Imrohoroglu (USC Marshall School of Business & CIGS)

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      (Dr. Ellen R. McGrattan)

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      (Dr. Selahattin Imrohoroglu)

    • Presentator:Fumio Hayashi (Hitotsubashi University & CIGS)
      Theme:"A Regime-Switching SVAR Analysis of the Zero-Interest Rate Policy" (joint with Junko Koeda)



      Presentation Slidepdf:1.3MB   Paperpdf:1.8MB





      Discussant: R. Anton Braun (FRB of Atlanta & CIGS)
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      (Dr. Fumio Hayashi)

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      (Dr. R. Anton Braun)

    • Presentator:Francisco J. Buera (UCLA)
      Theme:"Liquidity Traps and Monetary Policy: Managing a Credit Crunch" (joint with Juan Pablo Nicolini)



      Presentation Slidepdf:310KB   Paperpdf:353KB





      Discussant: Pedro Silos (FRB of Atlanta)
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      (Dr. Francisco J. Buera)

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      (Dr. Pedro Silos)

    • Presentator:Keiichiro Kobayashi (CIGS & Keio University)
      Theme:"Deflation and debt: A neoclassical framework for monetary policy analysis"



      Presentation Slidepdf:118KB   Paperpdf:173KB







      Discussant: Juan Pablo Nicollini (FRB of Minneapolis)

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      (Dr. Keiichiro Kobayashi)

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      (Dr. Juan Pablo Nicollini)

    • Presentator:Makoto Nakajima (FRB of Philadelphia)
      Theme:"Monetary Policy with Heterogeneous Agents" (joint with Nils Gornemann and Keith Kuester)



      Presentation Slidepdf:717KB   Paperpdf:430KB





      Discussant: Shuhei Takahashi (Kyoto University)
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      (Dr. Makoto Nakajima)

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      (Dr. Shuhei Takahashi)