HIAS, IER and AJRC Joint Workshop "Frontiers in Macroeconomics and Macroeconometrics"

from to (Japan)
at Hitotsubashi University ( Mercury Tower 7F Conference Room )
2-1, Naka, Kunitachi, Tokyo 186-8601 JAPAN
Description

Hosting Institutes
Hitotsubashi Institute for Advanced Study, Hitotsubashi University
Grants-in-Aid for Scientific Research A (No. 17H00985)

 

Organizers
Toshiaki Watanabe (Hitotsubashi University)
Tatsuyoshi Okimoto (Australian National University)

 

Material:
Support Email: summer-institute.hias@dm.hit-u.ac.jp
Go to day
  • Friday, 3 November 2017
    • 09:00 - 09:25 Registration ( Mercury Tower 7F Hall )
    • 09:25 - 09:30 Opening
      • 09:25 Opening Remarks 5'
        Speaker: Toshiaki Watanabe (Hitotsubashi University)
    • 09:30 - 11:30 Exchange Rates and Global Economy
      Chair: Yohei Yamamoto (Hitotsubashi University)
      • 09:30 Some Global Effects of President Trump's Economic Program 40'
        Speaker: Warwick McKibbin (Australian National University)
        Co-author: Andrew Stoeckel (Australian National University)
        Material: Abstract pdf file Paper pdf file Slides powerpoint file
      • 10:10 Accumulation of Foreign Currency Reserves and Risk Taking 40'
        Speaker: Rasmus Fatum (University of Alberta / Federal Reserve Bank of Dallas)
        Co-author: James Yetman (Bank for International Settlements)
        Material: Abstract pdf file Paper pdf file Slides powerpoint file
      • 10:50 Exchange Rates and Fundamentals: A General Equilibrium Exploration 40'
        Speaker: Takashi Kano (Hitotsubashi University)
        Material: Abstract pdf file Paper pdf file Slides pdf file
    • 11:30 - 13:00 Luncheon Meeting of Committee Members ( Mercury Tower 7F Hall )
      Closed Session
    • 13:00 - 14:20 Macroeconomic Models
      Chair: Pablo A. Guerron-Quintana (Boston College)
      • 13:00 Cyclical Part-time Employment in an Estimated New Keynesian Model with Search Frictions 40'
        Speaker: Mototsugu Shintani (University of Tokyo)
        Co-authors: Toshihiko Mukoyama (University of Virginia / Georgetown University) and Kazuhiro Teramoto (New York University)
        Material: Abstract pdf file
      • 13:40 Recurrent Bubbles, Economic Fluctuations, and Growth 40'
        Speaker: Ryo Jinnai (Hitotsubashi University)
        Co-authors: Pablo A. Guerron-Quintana (Boston College) and Tomohiro Hirano (University of Tokyo)
        Material: Abstract pdf file
    • 14:20 - 14:30 Afternoon Break I ( Mercury Tower 7F Hall )
    • 14:30 - 15:50 Uncertainty
      Chair: Ippei Fujiwara (Keio University / Australian National University)
      • 14:30 Uncertainty-driven Comovements in Booms and Busts: A Structural Interpretation 40'
        Speaker: Efrem Castelnuovo (University of Melbourne / University of Padova)
        Co-authors: Giovanni Caggiano (Monash University / University of Padova) and Giovanni Pellegrino (University of Melbourne)
        Material: Abstract pdf file Slides pdf file
      • 15:10 Time-Dependent Finance-Uncertainty Multipliers 40'
        Speaker: Giovanni Caggiano (Monash University / University of Padova)
        Co-authors: Efrem Castelnuovo (University of Melbourne / University of Padova), Silvia Delrio (Ifo Institute Munich) and Tim Robinson (University of Melbourne)
        Material: Abstract pdf file Slides pdf file
    • 15:50 - 16:00 Afternoon Break II ( Mercury Tower 7F Hall )
    • 16:00 - 17:20 Bond Markets
      Chair: Etsuro Shioji (Hitotsubashi University)
      • 16:00 Market Segmentation and Limit to Arbitrage under Negative Interest Rate: Evidence from Bank of Japan's QQE 40'
        Speaker: Takahiro Hattori (Hitotsubashi University / Ministry of Finance Japan)
        Material: Abstract pdf file Paper pdf file Slides pdf file
      • 16:40 Effects of Corporate and Government Bond Purchases on Credit Spreads and Their Transmission Mechanism: The Case of Japan 40'
        Speaker: Yoichi Ueno (Bank of Japan)
        Co-author: Kenji Suganuma (Bank of Japan)
        Material: Abstract pdf file Slides pdf file
    • 17:40 - 19:10 Reception ( Mercury Tower 7F Hall )
  • Saturday, 4 November 2017
    • 09:00 - 09:30 Registration ( Mercury Tower 7F Hall )
    • 09:30 - 11:30 Economic Policy
      Chair: Tatsuyoshi Okimoto (Australian National University)
      • 09:30 The Dark Side of Low Interest Rates 40'
        Speaker: Pablo A. Guerron-Quintana (Boston College)
        Co-author: Keith Kuester (University of Bonn)
        Material: Abstract pdf file
      • 10:10 The Effects of Fiscal Policy Shock under the Zero Lower Bound 40'
        Speaker: Hiroshi Morita (Hosei University)
        Material: Abstract pdf file Slides pdf file
      • 10:50 Fiscal Confidence Shocks and the Market for the Japanese Government Bonds 40'
        Speaker: Etsuro Shioji (Hitotsubashi University)
        Material: Abstract pdf file Slides pdf file
    • 11:30 - 13:00 Luncheon Meeting of Committee Members ( Mercury Tower 7F Hall )
      Closed Session
    • 13:00 - 15:00 Financial Markets
      Chair: Toshiaki Watanabe (Hitotsubashi University)
      • 13:00 Measuring Financial Interdependence in Asset Returns with an Application to Eurozone Equity Markets 40'
        Speaker: Renée Fry-McKibbin (Australian National University / CAMA)
        Co-authors: Cody Yu-Ling Hsiao (Macau University of Science and Technology / CAMA) and Vance L. Martin (University of Melbourne)
        Material: Abstract pdf file Paper pdf file Slides pdf file
      • 13:40 Towards a General Equilibrium Foundation for the Observed Haircut Term Structure and Design in Sovereign Bonds 40'
        Speaker: Kenji Wada (Hitotsubashi University)
        Material: Abstract pdf file Slides pdf file
      • 14:20 Prior Beliefs, Noise Trading and Estimation of Importance of Each Investment Type 40'
        Speaker: Jae-Young Kim (Seoul National University / Hitotsubashi University)
        Material: Abstract pdf file Slides pdf file
    • 15:00 - 15:15 Afternoon Break ( Mercury Tower 7F Hall )
    • 15:15 - 16:35 Large Multivariate Models
      Chair: Yasuhiro Omori (University of Tokyo)
      • 15:15 Reducing Dimensions in a Large TVP-VAR 40'
        Speaker: Rodney W. Strachan (University of Queensland)
        Co-authors: Joshua C.C. Chan (University of Technology, Sydney) and Eric Eisenstat (University of Queensland)
        Material: Abstract pdf file Slides pdf file
      • 15:55 Estimating and Accounting for the Output Gap with Large Bayesian Vector Autoregressions 40'
        Speaker: James Morley (University of Sydney)
        Co-author: Benjamin Wong (Reserve Bank of New Zealand)
        Material: Abstract pdf file Paper pdf file Slides pdf file
    • 16:35 - 16:40 Closing
      • 16:35 Closing Remarks 5'
        Speaker: Tatsuyoshi Okimoto (Australian National University)