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June 4, 9:30-17:50 & June 5, 9:30-13:00, 2018  Venue:CIGS Meeting Room3

CIGS Conference on Macroeconomic Theory and Policy 2018

On June 4 & 5, 2018, CIGS hosted the “CIGS Conference on Macroeconomic Theory and Policy 2018” where world-leading scholars and researchers in macroeconomics as well as Japanese researchers gathered for deep discussions.

  • Agenda for the conference on June 4 & 5, 2018
    AgendaPDF:129KB

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Welcome Remarks

  • Toshihiko Fukui
    President, The Canon Institute for Global Studies

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  • Presentations and papers


  • Presentation

    • Presenter: Martin Eichenbaum (Northwestern University)
      "State Dependency of Monetary Policy: The Refinancing Channel"
      (with Sergio Rebelo and Arlene Wong)



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    • Presenter: Makoto Saito (Hitotsubashi University)
      "On the possibility of deflationary equilibria with monetary expansion: A reconciliation between the fiscal theory of the price level and the quantity theory of money"



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    • Presenter: James Bullard (Federal Reserve Bank of St. Louis)
      "Non-Uniform Currencies and Exchange Rate Chaos"



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    • Presenter: Cosmin Ilut (Duke University)
      "Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty"
      (with Rosen Valchev and Nicolas Vincent)



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    • Presenter: Ryo Jinnai (Hitotsubashi University)
      "Recurrent Bubbles and Economic Growth"
      (with Pablo A. Guerron-Quintana and Tomohiro Hirano)



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    • Presenter: Adrien Auclert (Stanford University)
      "The Intertemporal Keynesian Cross"
      (with Matthew Rognlie and Ludwig Straub)



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    • Presenter: Javier Bianchi (Federal Reserve Bank of Minneapolis)
      "Monetary Independence and Rollover Crises"
      (with Jorge Mondragon)



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    • Presenter: Arlene Wong (Princeton University)
      "Markups Across Space and Time"
      (with Eric Anderson and Sergio Rebelo)



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    • Presenter: Koki Oikawa (Waseda University)
      "Reallocation Effects of Monetary Policy"
      (with Kozo Ueda)



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    • Presenter: Thomas Winberry (University of Chicago)
      "Lumpy Investment, Business Cycles, and Stimulus Policy"



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    Closing Remarks

    • Selahattin Imrohoroglu (USC Marshall School of Business)