Authors, please upload your paper here.

 

National Bureau of Economic Research

Center for Advanced Research in Finance

Center on Japanese Economy and Business

Australia-Japan Research Centre

 

Japan Project Meeting

 

Supported by:  National Graduate Institute for Policy Studies and European Institute of

Japanese Studies

 

Jenny Corbett, Charles Horioka, Takatoshi Ito, Anil Kashyap, and David Weinstein, Organizers

                                                                            June 30 – July 1, 2009

 

GRIPS

Meeting Room A,B,C (First Floor)

7-22-1 Roppongi, Minato-ku

Tokyo 106-8677

 Japan

 

Program

 

 

Tuesday, June 30:

 

8:30 am            Breakfast/Registration

 

9:00 am            Rasmus Fatum, University of Alberta

                        Official Japanese Intervention in the JPY/USD Exchange Rate Market:  Is it Effective and Through Which Channel Does it Work?

 

                        Discussant:  Takatoshi Ito, University of Tokyo and NBER

 

10:00 am          Break

 

10:30 am          Ashish Arora, Duke University

                        Lee Branstetter, Carnegie Mellon University and NBER

                        Matej Drev, Carnegie Mellon University

The Great Realignment:  How the Changing Technology of Technological Change in Information Technology Affected the US and Japanese IT Industries, 1983-1999

 

Discussant:  Kyoji Fukao, Hitotsubashi University

 

11:30 am          Tokuo Iwaisako, Ministry of Finance

                        Keiko Okada, Hosei University

                        Understanding the Decline in the Japanese Saving Rate in the New Millennium

 

                        Discussant:  Christopher Carroll, Johns Hopkins University and NBER

 

12:30 pm          Lunch

 

                        Speaker:  Kazumasa Iwata, Cabinet Office, Government of Japan

 

 

2:00 pm            Gil Bae, Korea University

                        Yasushi Hamao, University of Southern California

                        Jun-Koo Kang, Nanyang Technological University

Bank Monitoring Incentives and Borrower Earnings Management:  Evidence from the Japanese Banking Crisis of 1993-2002

 

Discussant:  Joe Peek, University of Kentucky

 

3:00 pm            Break

 

3:30 pm            Sergey Chernenko and Robin Greenwood, Harvard University

Fritz Foley, Harvard University and NBER

Are Agency Costs Fully Priced?  Evidence from Public Listings of Subsidiaries in Japan

 

                        Discussant:  Kenji Wada, Keio University

 

4:30 pm            Panel:  Lessons from the Global Financial Crisis

                        Stijn Claessens, IMF

Mitsuhiro Fukao, Keio University

Takeo Hoshi, UC, San Diego and NBER

                                               

6:00 pm            Adjourn

 

7:00 pm            Reception and Dinner

                        Ciao Bella Restaurant (3-minute walk from GRIPS)

 

 

Wednesday, July 1:

 

8:30 am            Breakfast

 

9:00 am            Jenny Corbett, Australian National University

                        Kazunobu Hayakawa, Institute of Developing Economies

                        Fukunari Kimura, Keio University

                        Who’s Serving You? A Gravity Model Approach to Services Trade

 

                        Discussant:  Amit Khandelwal, Columbia University and NBER

 

10:00 am          Break

 

10:30 am          Chih-nan Chen, Harvard University

                        Tsutomu Watanabe, Hitotsubashi University

                        Tomoyoshi Yabu, Keio University

                        A New Method for Identifying the Effects of Foreign Exchange Interventions

 

                        Discussant:  Paolo Pesenti, Federal Reserve Bank of New York and NBER

 

11:30 am          Takeo Hoshi, UC, San Diego and NBER

                        Satoshi Koibuchi, Chiba University of Commerce

                        Ulrike Schaede, UC, San Diego

                        Changes in Main Bank Rescues during the Lost Decade:  An Analysis of Corporate Restructuring in Japan, 1981-2007

 

                        Discussant:  Effi Benmelech, Harvard University

 

12:30 pm          Adjourn

 

 

MAP

 

 

 

 

 

6/16/09