BOJ - CEPR & 7th International Macroeconomics and Finance Conference
International Monetary and Financial System: Are we in a new normal?
March 24-25, 2023
This event is by invitation only
Program (as of 23 March 2023)
Day 1, 24 March: Large Hall 8/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
Exchange Rate and Inflation under Weak Monetary Policy: Turkey Verifies Theory
Refet Gurkaynak, Bilkent University and CEPR*
Bucin Kisacikoglu, Bilkent University
Sang Seok Lee, 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” Slides
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” Slides
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 6/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
Foreign Reserve Management and Original Sin Slides
Michael Devereux, University of British Columbia and CEPR*
Steve Wu, University of California, San Diego
10:15 - 10:45am Coffee Break
10:45 - 12:45pm Session 4
Session Chair: Masao Ogaki, Keio University
“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”
Zheng 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?” Slides
Lawrence Christiano, Northwestern University*
Husnu Dalgic, University of Mannheim
Armen Nurbekyan, Central Bank of Armenia
5:30 - 5:45pm Concluding Remarks
Ippei Fujiwara, Keio University, ANU and CEPR
5:45pm Conference Ends
* Presenter
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
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Please address any queries to the committee by emailing at imfc7keio@gmail.com and see https://sites.google.com/view/imfc7 for updated information.
This conference is financially supported by JSPS KAKENHI Grant-in-Aid for Scientific Research (A) No.18H03638, the Institute for Monetary and Economic Studies of the Bank of Japan, and the Australia-Japan Research Centre (AJRC) of the Australian National University