BOJ-CEPR 7th International Macroeconomics and Finance Conference

“International Monetary and Financial System: Are we in a new normal?”

24 and 25 March 2023

Keio University

Day 1, 24 March: Large Hall 7/F, East Research Building, Keio University

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

8:50 - 9:00am          Opening Remarks

Yutaka Soejima, IMES, BOJ

9:00 - 10:15am        Keynote Speech

Session Chair: Yutaka Soejima, IMES, BOJ

Refet Gurkaynak, Bilkent University and CEPR*

10:15 - 10:45am      Coffee Break

10:45 - 12:45pm     Session 1

Session Chair: David Cook, HKUST

“In Search of Dominant Drivers of the Real Exchange Rate”

Wataru Miyamoto, University of Hong Kong

Thuy Lan Nguyen, Federal Reserve Bank of San Francisco

Hyunseung Oh, Federal Reserve Board*

“Capital Flows and Exchange Rates: A Quantitative Assessment of the Dilemma Hypothesis”

Ambrogio Cesa-Bianchi, Bank of England

Andrea Ferrero, University of Oxford and CEPR*

12:45 - 2:00pm       Conference Lunch

2:00 - 4:00pm         Session 2

Session Chair: Nao Sudo, IMES, BOJ

“The Uncovered Interest Rate Parity Puzzle and Sunspot Fluctuations”

Ippei Fujiwara, Keio University, ANU and CEPR

Yasuo Hirose, Keio University*

“Agreed and Disagreed Uncertainty”

Luca Gambetti, Universitat Autonoma de Barcelona Dimitris Korobilis, University of Glasgow

John Tsoukalas, University of Glasgow

Francesco Zanetti, University of Oxford*

4:00 - 4:30pm         Coffee Break

4:30 - 5:30pm         Session 3

Session Chair: Jinill Kim, Korea University

“Unstable Prosperity: How Globalization Made the World Economy More Volatile”

Enrique Mendoza, University of Pennsylvania*

Vincenzo Quadrini, University of Southern California and CEPR

5:30pm                    Conference adjourns

6:00pm                    Conference Dinner (By invitation)

Day 2, 25 March: G-Lab 5/F, East Research Building, Keio University

8:30 - 9:00am          Registration and Welcome Coffee

9:00 - 10:15am        Keynote Speech

Session Chair: Kwanho Shin, Korea University

Michael Devereux, University of British Columbia and CEPR*

10:15 - 10:45am      Coffee Break

10:45 - 12:45pm     Session 4

Session Chair: TBA

“Supply Chain Constraints and Inflation” Diego Anzoategui, Morgan Stanley Research Diego Comin, Dartmouth College and CEPR*

Robert Johnson, University of Nortre Dame and CEPR

“Global Inflation and Exchange Rate Stabilization under a Dominant Currency”

Giancarlo Corsetti, European University Institute and CEPR

Luca Dedola, European Central Bank and CEPR*

Sylvain Leduc, Federal Reserve Bank of San Francisco 

12:45 - 2:00pm   Conference Lunch

2:00 - 4:00pm         Session 5

Session Chair: Kosuke Aoki, University of Tokyo

“Stagflation and Topsy-Turvy Capital Flows”

Julien Bengui, Bank of Canada and CEPR

Louphou Coulibaly, Federal Reserve Bank of Minneapolis*

“Capital Flows and Income Inequality”

Zhen Liu, Federal Reserve Bank of San Francisco*

Mark Spiegel, Federal Reserve Bank of San Francisco

Jingyi Zhang, Shanghai University of Finance and Economics

4:00 - 4:30pm         Coffee Break

4:30 - 5:30pm         Session 6

Session Chair: Ippei Fujiwara, Keio University, ANU and CEPR

“Financial Dollarization: Efficient Intranational Risk Sharing or Prescription for Disaster?”

Lawrence Christiano, Northwestern University*

Husnu Dalgic, University of Mannheim Armen Nurbekyan, Central Bank of Armenia

5:30 - 5:45pm         Concluding Remarks

Ippei Fujiwara, Keio Univeristy, ANU and CEPR

5:45pm                           Conference Ends Organizing Committee:

Organizing Committee:

Kosuke Aoki, University of Tokyo

David Cook, Hong Kong University of Science and Technology

Ippei Fujiwara, Keio University, Australian National University and CEPR Jinill Kim, Korea University

Kwanho Shin, Korea University

Nao Sudo, Institute for Monetary and Economic Studies, Bank of Japan