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May 26, 9:00-17:15 & May 27, 9:00-13:30, 2014  Venue:CIGS Meeting Room 3

CIGS Conference on Macroeconomic Theory and Policy 2014

In May 2014, CIGS hosted the "CIGS Conference on Macroeconomic Theory and Policy 2014" under the theme of “Recent Development in Macroeconomics” where world-leading scholars and researchers in macroeconomics as well as Japanese young researchers gathered for deep discussions.

  • Agenda for the conference on May-26 & 27, 2014
    AgendaPDF:255KB

  • Presentations and papers


    Opening Remarks

    • Toshihiko Fukui
      President, The Canon Institute for Global Studies

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    Presentation

    • Presentator: Nobuhiro Kiyotaki (Princeton University)
      "Banking, Liquidity and Bank Runs in an Infinite Horizon Economy" (with Mark Gertler)



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    • Presentator: Ryo Jinnai (Texas A&M University)
      "Liquidity, Trends, and the Great Recession" (with Pablo A. Guerron-Quintana)



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    • Presentator: Giuseppe Moscarini (Yale University)
      "Did the Job Ladder Fail After the Great Recession?" (with Fabien Postel-Vinay)



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    • Presentator: Masao Ogaki (Keio University)
      "A Reformulation of Normative Economics for Models with Endogenous Preferences" (with Vipul Bhatt and Yuichi Yaguchi)



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    • Presentator: Michael Elsby (University of Edinburgh)
      "Understanding Employment Persistence"



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    • Presentator: David Berger (Northwestern University)
      "Volatility and Pass-through" (with Joe Vavra)



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    • Presentator: Timothy J. Kehoe (University of Minnesota)
      "Costly Reforms and Self-fulfilling Crises" (with Juan Carlos Conesa)



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    • Presentator: Yongsung Chang (University of Rochester)
      "How Sticky Wages in Existing Workers Can Affect Hiring" (with Mark Bils and Sun-Bin Kim)



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    • Presentator: Yuichiro Waki (University of Queensland)
      "The Optimal Degree of Discretion in Monetary Policy in a New Keynesian Model with Private Information" (with Richard Dennis and Ippei Fujiwara)



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    • Presentator: Greg Kaplan (Princeton University)
      "The Wealthy Hand-to-Mouth" (with Gianluca Violante and Justin Weidner)



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    • Presentator: Tomoaki Yamada (Meiji University)
      "Response of Inequality to a Growth Rate Slowdown in Japanese Economy during the Lost Decades" (with Nao Sudo and Michio Suzuki)



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    Closing Remarks

    • Yongsung Chang
      Professor, University of Rochester