NBER - NCAER Conference on Reforms
Subir Gokarn and Raghuram G. Rajan, Organisers
Neemrana Fort Resort
Rajasthan, India
December 13-15, 1999
Tentative Programme
Monday, December 13, 1999
11:30AM Group Luncheon at Le Meridien Hotel, New Delhi
1:00 PM Departure from Le Meridien Hotel
5:00 PM Arrival at Neemrana Fort Resort
6:30 - 8:15 PM Session 1 Inaugural
6:30 - 6:40 PM INTRODUCTORY REMARKS
MARTIN FELDSTEIN, Harvard University and NBER
RAKESH MOHAN, NCAER
6:40 - 7:20 PM KEYNOTE ADDRESS
BIMAL JALAN, Reserve Bank of India
7:20 - 7:50 PM COMMENTS ON THE INDIAN REFORM EXPERIENCE
ASHOK DESAI, Business Standard
RAKESH MOHAN, NCAER
7:50 - 8:15 PM DISCUSSION
8:30 PM RECEPTION AND DINNER
Tuesday, December 14, 1999
9:00 - 11:00 AM SESSION 2 Reforms and Poverty
CHAIR: SURESH TENDULKAR, Delhi School of Economics
9:00 - 10:00 AM PRESENTATIONS
TN SRINIVASAN, Yale University
Poverty and Reform in IndiaAdditional Background Information
SHUBHASIS GANGOPADHYAY, Indian Statistical Institute
10.00 - 10:15 AM COMMENTS
10:15 - 10:30 AM OPEN DISCUSSION
10:30 - 11:00 AM Break
11:00 - 12:30 PM SESSION 3 Budget Deficits and Fiscal Reforms
CHAIR: SHANKAR ACHARYA, Ministry of Finance
11:00 AM - NOON PRESENTATIONS
R. GLENN HUBBARD, Columbia University and NBER
Power Point Slides
Distributional Implications of Introducing a Broad-Based Consumption Tax
(Joint with William Gentry, Columbia University and NBER)
Tax Policy and Investment
(Joint with Kevin Hassett)
Why Do People Save?
Expanding the Life-Cycle Model:
Precautionary Saving and Public Policy
(Joint with Jonathan Skinner and Stephen Zeldes)
ASHOK LAHIRI, NIPFP
NOON - 12.15 PM COMMENTS
MIHIR DESAI, Harvard University and NBER
12:15 - 12:30 PM OPEN DISCUSSION
12:30 - 2:00 PM Lunch
LUNCHEON SPEAKER:
MARTIN FELDSTEIN, Harvard University and NBER
CHAIR: PIYUSH MANKAD, Ministry of Finance
2:00 - 3:45 PM SESSION 4 Other Countries' Experiences
CHAIR: E.A.S. SARMA, Ministry of Finance
ANNE KRUEGER, Stanford University and NBER
Consequences of Banking Crisis in Mexico
COMMENTS: Y. V. READY, Reserve Bank of India
SHANG-JIN WEI, Harvard University and NBER
Can China and India Double their Inward Foreign Direct Investment?
COMMENTS: ASHOKA MODY, World Bank
FLORENCIO LOPEZ DE SILANES, Harvard University and NBER
The Benefits of Privatization: Evidence From Mexico
COMMENTS: JAIMUNI BHAGWATI, Ministry of Finance
OPEN DISCUSSION
3:45 - 4:15 PM Break
4:15 p.m. - 6:00 p.m. SESSION 5 Indian Themes
CHAIR: ISHER JUDGE AHLUWALIA, ICRIER
MARIANNE BERTRAND, Princeton University and NBER
SENDHIL MULLAINATHAN, MIT and NBER
Indian Fincial Institutions
Background InformationCOMMENTS: P. J. NAYAK, Unit Trust of India
PRADEEP SRIVASTAVA, NCAER
Indian Banking
COMMENTS: ARVIND VIRMANI, Ministry of Finance
NAGESH KUMAR, RIS
FDI in India
COMMENTS: VIVEK SRIVASTAVA, NCAER
7:00 PM DINNER
Day 3: Wednesday, December 15, 1999
9:00 - 10:45 AM SESSION 6 Round Table on Financial Sector Reforms
MODERATOR: D. R. MEHTA, SEBI
9:00 - 10:15 AM PANELISTS
SURJIT BHALLA, O(x)us Fund Management
FREDERICK MISHKIN, Columbia University and NBER
Background MaterialRAGHURAM G. RAJAN, University of Chicago and NBER
SUBRATA SARKAR, IGIDR
AJAY SHAH, IGIDR
10:15 - 10:45 AM OPEN DISCUSSION
11:15 AM - 12:30 PM SESSION 7 The New International Financial Architecture
CHAIR: ARJUN SENGUPTA, NJU
11:15 AM - 12:15 PM
PRESENTATIONS:
BARRY EICHENGREEN, UC, Berkeley and NBER
Strengthening the International Financial Architecture: Where Do We Stand? MONTEK AHLUWALIA, Planning Commission
12:15 - 12:25 PM COMMENTS: S. S. TARAPORE
12:25 - 12:45 PM DISCUSSION
12:45 - 2:15 p.m. Lunch
LUNCHEON SPEAKER: MANMOHAN SINGH
CHAIR: PRAVIN VISARIA
2:15 - 4:00 PM SESSION 8 Roundtable On "The Road Ahead: Distilling the Message"
MODERATOR: KIRIT PARIKH, IGIDR
2.15 - 3.15 PM PANELISTS
FRANCESCO CASELLI, University of Chicago
SUBIR GOKARN, IGIDR and NCAER
OMKAR GOSWAMI, CII
URJIT PATEL, IDFC
3:15 - 4:00 PM DISCUSSION
4:30 PM Departure from Neemrana Fort Resort
8:30 p.m. Arrival at Le Meridien Hotel, New Delhi
Links to Additional Information:
11/30/99