The 23rd NBER-TCER-CEPR Conference on
"Fiscal Policy and Crisis"

Kojima Conference Room on the 2rd floor,
Economics Research Annex (Kojima Hall),
Faculty of Economics,
University of Tokyo


Organized by:

Shin-ichi Fukuda, Takeo Hoshi, and Eric Leeper Sponsored by:

Center for Economic Policy Research, National Bureau of Economic Research,

Tokyo Center for Economic Research, and University of Tokyo


December 16, 2010 (Thursday)


Session 1

Chair: Takeo Hoshi

9:00 - 10:00
Arata Ito (Hitotsubashi University), Tsutomu Watanabe (Hitotsubashi University and TCER), and Tomoyoshi Yabu (Keio University),
“Fiscal Policy Switching: Evidence from Japan, the U.S., and the U.K.”
Discussant: TBA


10:00-10:15 Coffee break


10:15-11:15
Troy Davig (Federal Reserve Bank of Kansas City) and Eric M. Leeper (Indiana University and NBER),
“Modeling Fiscal Limits”
Discussant: TBA


12:15-13:30 Lunch

 

Session 2

Chair: Eric Leeper

Kaoru Hosono (Gakushuin University) and Masaya Sakuragawa (Keio University),
“Fiscal Sustainability in Japan”
Discussant: Takero Doi (Keio University and TCER)

 

14:30-14:45 Coffee Break

 

14:45-15:45
Michael Devereux (University of British Columbia and NBER) and David Cook (Hong Kong University of Science and Technology)
“Exchange Rate Adjustment in a Global Liquidity Trap”
Discussant: Takatoshi Ito (University of Tokyo, NBER, CEPR, and TCER)

15:45-16:45
A paper by CEPR author, TBD

 

18:00 Dinner

 

 

December 16, 2010 (Friday)


Chair: Shin-ichi Fukuda
Session 3

9:00-10:00
Bruce Preston (Columbia University and NBER) and Stefano Eusepi (Federal Reserve Bank of New York)
“The Maturity Structure of Debt, Monetary Policy and Expectations Stabilization”
Discussant: Kosuke Aoki (University of Tokyo and CEPR)



10:00-10:15 Coffee break

10:15-11:15
Takero Doi (Keio University and TCER), Takeo Hoshi (University of California, San Diego, NBER, and TCER), and Tatsuyoshi Okimoto (Hitotsubashi University) 
“Japanese Government Debt and Sustainability of Fiscal and Monetary Policy”
Discussant: TBA 

11:15-12:15
A paper by CEPR author, TBD

 

12:15-13:00 Lunch