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  

                      Slides 

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”

Slides

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