The 3rd International Macroeconomics and Finance Conference

March 23-24, 2018

Keio University

Day 1: March 23, 2018 (Friday)

8:30-8:50am          Registration and Welcome Coffee

8:50-9:00am          Opening Remarks

Yukihiro Ikeda (Dean, Faculty of Economics, Keio University)

Session 1

Chair: Ippei Fujiwara (Keio University)

9:00-10:15am            Keynote Speech: "Debauchery and Original Sin: The Currency Composition of Sovereign Debt"

Charles Engel (University of Wisconsin, Maddison)

Discussant: Tomoyuki Nakajima (University of Tokyo)

10:15-10:45am Coffee Break

Session 2

Chair: Renee Fry-McKibbin (Australian National University)

10:45-11:45am          "Towards a New Monetary Approach to Exchange Rate Determination"

Ambrogio Cesa-Bianchi, Michael Kumhof, Andrej Sokol and Gregory Thwaites (Bank of England)

11:45-12:45pm  "International Capital Flows, External Assets and Output Volatility"

Mathias Hoffman (Bundesbank), Michael Krause (University of Cologne) and Peter Tillmann (University of Giessen)

12:45-2:00pm        Lunch

Session 3

Chair: Kwanho Shin (Korea University)

2:00-3:00pm         "Leaning against Global Financial Cycle"

Andrea Ferrero (Oxford University) and Seungyoon Lee (Bank of Korea)

3:00-4:00pm         "Macroeconomic Policy Games"

Martin Bodenstein, Luca Guerrieri (Federal Reserve Bank) and Joe LaBriola (University of California, Berkeley)

4:00-4:30pm         Coffee Break

Session 4

Chair: Jinill Kim (Korea University)

4:30-5:30pm         "Anchored Inflation Expectations"

Carlos Carvalho (Bankco Central do Brasil), Stefano Eusepi (FRB NY), Emmanuel Moench (Bundesbank) and Bruce Preston (University of Melbourne)

6:00-9:00pm         Dinner (by invitation)

Day 2: March 24, 2018 (Saturday)

8:30-9:00am          Morning Coffee

Session 5

Chair: David Cook (HKUST)

9:00-10:00am        "Optimal Capital Controls in a Global Economy."

Scott Davis (FRB Dallas) and Michael Devereux (University of British Columbia)

10:00-10:30am      Coffee Break

Session 6

Chair: Soyoung Kim (Seoul National University)

10:30-11:30am         "Flight to What? Dissecting_Liquidity Shortages in the Financial Crisis"

Feng Dong (Shanghai Jiao Tong University) and Yi Wen (FRB, St Louis)

11:30-12:30pm     "On Financial Risk, Growth, and Long-Run Risk"

Jesus Fernandez-Villarverde (University of Pensylvania), Pablo GuerronQuintana (Boston College), Ryo Jinnai (Hitotsubashi University) and Munechika Katayama (Waseda University)

12:30-1:45pm       Lunch

Session 7

Chair: Warwick McKibbin (ANU)

1:45-2:45pm    "The Center and the Periphery: Two Hundred Years of International Borrowing_Cycles"

Graciela Kaminsky (George Washington University)

2:45-3:45pm         "Global Macro-Financial Cycles and Spillovers"

Jongrim Ha, Ayhan Kose (World Bank), Christopher Otrok (University of Missouri) and Eswar Prasad (Cornell University)

3:45-4:15pm         Coffee Break

Session 8

Chair: Kosuke Aoki (University of Tokyo)

4:15-5:15pm         "The Macroeconomic Effects of Trade Policy"

Christopher Erceg, Andrea Prestipino and Andrea Raffo (FRB)