NBER/CEPR/CIRJE/EIJS
JAPAN PROJECT MEETING
Magnus Blomstrom, Jennifer Corbett, Fumio Hayashi, Charles Horioka, Anil Kashyap, and
David Weinstein, Organizers
September 1-2, 2004
Asian Development Bank Institute
Kasumigaseki Building 8F
2-5, Kasumigaseki 3-chome
Chiyoda-ku
Tokyo 100-6008, Japan
PROGRAM
WEDNESDAY, SEPTEMBER 1:
8:30 AMContinental Breakfast
9:00 AMDAIJI KAWAGUCHI, University of Tsukuba
WENJIE MA, Osaka University
The Causal Effect of Graduating from a Top University on Promotion:
Evidence from the University of Tokyo's Admission Freeze in 1969
Discussant: EDWARD MIGUEL, UC, Berkeley and NBER
10:00 AMCoffee Break
10:30 AMHIROSHI ONO, Stockholm School of Economics
KAZUHIKO ODAKI, Ministry of Economy, Trade and Industry
Foreign Ownership and the Structure of Wages in Japan
Discussant: MARIANNE BERTRAND, University of Chicago and NBER
11:30 AMKAZUO OGAWA, Osaka University
Debt, R&D Investment and Technological Progress:
A Panel Study of Japanese Manufacturing Firms in the 90s
Discussant: LEE BRANSTETTER, Columbia University and NBER
12:30 PMLunch
Speaker: KATSUYA OKADA, President, Democratic Party of Japan
2:00 PMKATHRYN DEWENTER and ALAN HESS, University of Washington
YASUSHI HAMAO, University of Southern California
Are the Major Japanese Banks Uniform or Unique?
Discussant: JOE PEEK, University of Kentucky
3:00 PMHEATHER MONTGOMERY, Asian Development Bank Institute
SATOSHI SHIMIZUTANI, Cabinet Office
The Effectiveness of Bank Recapitalization in Japan
Discussant: RANDALL KROSZNER, University of Chicago and NBER
4:00 PMCoffee Break
4:30 PMPanel Session on Models
Chair: WARWICK MCKIBBIN, Australian National University
Speakers: IPPEI FUJIWARA, Bank of Japan
PETER MCADAM, European Central Bank
JOHN ROBERTS, Federal Reserve Board
Monetary Policy Strategies for Limiting the Consequences of the Zero Bound on Interest Rates
6:15 PMAdjourn
6:30 PMReception (cocktails and hors d'oeuvres)
Swedish Embassy
1-10-3-100 Roppongi
Minato-ku, Tokyo
THURSDAY, SEPTEMBER 2:
8:30 AMContinental Breakfast
9:00 AMFUMIO HAYASHI, University of Tokyo and NBER
EDWARD PRESCOTT, Federal Reserve Bank of Minneapolis and NBER
The Depressing Effect of Agriculture Institutions on the Prewar Japanese Economy
Discussant: JOHN FERNALD, Federal Reserve Bank of Chicago
10:00 AMCoffee Break
10:30 AMDANIEL LEIGH, Johns Hopkins University
Monetary Policy and the Dangers of Deflation: Lessons from Japan
Discussant: ALAN AUERBACH, UC, Berkeley and NBER
11:30 AMWAKO WATANABE, Osaka University
Prudential Regulation, the "Credit Crunch" and the Ineffectiveness of Monetary Policy:
Evidence from Japan
Discussant: TAKEO HOSHI, UC, San Diego and NBER
12:30 PMAdjourn
8/11/04