Authors, please upload your paper here.

 

National Bureau of Economic Research

Hong Kong University of Science and Technology

Hong Kong Institute for Monetary Research

China Center for Economic Research

Chung-Hua Institution for Economic Research

Korea Development Institute

Singapore Management University

Tokyo Center for Economic Research

 

 

20th Annual East Asian Seminar on Economics

 

Commodity Prices and Markets

 

June 26-27, 2009

 

Takatoshi Ito and Andrew Rose, Organizers

 

Hong Kong Institute for Monetary Research

Harbour Room, 56/F

International Financial Center (Tower 2)

Central, Hong Kong

 

 

PROGRAM

 

MAP-1

 

MAP-2

 

 

Friday, June 26:

 

8:30 am             Registration

 

Oil Prices, Exchange Rates, and Pass-Through

 

9:00 am             JAN GROEN, Federal Reserve Bank of New York

PAOLO PESENTI, Federal Reserve Bank of New York and NBER

Commodity Prices, Commodity Currencies, and Global Economic Developments

 

Discussants:      KALOK CHAN, Hong Kong University of Science and Technology

                        ROBERTO MARIANO, Singapore Management University

                       

10:15 am           Break

 

10:45 am           KALOK CHAN, Hong Kong University of Science and Technology

YIUMAN TSE and MICHAEL WILLIAMS, University of Texas at San Antonio

The Relationship between Commodity Prices and Currency Exchange Rates:

Evidence from the Futures Markets

 

Discussants:      TOKUO IWAISAKO, Ministry of Finance and TCER

                        DOO YONG YANG, ADBI

 

12:00 pm           Lunch

 

1:00 pm             CHRISTIAN BRODA and JOHN ROMALIS, University of Chicago and NBER

Identifying the Relationship Between Trade and Exchange Rate Volatility

 

Discussants:      CHAIYASIT ANUCHITWORAWONG, TDRI

                        MARK SPIEGEL, Federal Reserve Bank of San Francisco

 

Oil Prices, Ocean Freight, Monetary Policy

 

2:15 pm             JOONHYUK SONG, KDI

                        JUNHEE LEE, Yeungnam University

Oil and the Macroeconomy:  A Case of Korea

 

Discussants:      TOKUO IWAISAKO, Ministry of Finance and TCER

MOHAMED RIZWAN HABEEB RAHUMAN, Central Bank of Malaysia

 

3:30 pm             Break

 

4:00 pm             FENG LU, China Center for Economic Research

China Takes the Lead:  Changes of the Global Commodity and Ocean Freight Markets in Recent Years

 

Discussants:      MOHAMED RIZWAN HABEEB RAHUMAN, Central Bank of Malaysia

                                                JENNY XU, Hong Kong University of Science and Technology

 

5:15 pm             MARIO CRUCINI, Vanderbilt University and NBER

MARTIN BERKA, Massey University

The Consumption Terms of Trade and Commodity Prices

 

                        Discussants:      ROBERTO MARIANO, Singapore Management University

                                                MARK SPIEGEL, Federal Reserve Bank of San Francisco

 

6:30 pm             Adjourn

 

7:00 pm             Reception and Banquet at the American Club Hong Kong

                        Keynote Speaker:  JOHN TSANG, Financial Secretary, Hong Kong SAR Government

 

Saturday, June 27:

 

Impacts on the Real Economy

 

9:00 am             ICHIRO FUKUNAGA, Bank of Japan and TCER

                        NAOHISA HIRAKATA and NAO SUDO, Bank of Japan

The Effects of Oil Price Changes on the Industry-Level Production and Prices in the U.S. and Japan

 

Discussants:      FRANCIS LUI, Hong Kong University of Science and Technology

WARWICK MCKIBBIN, Australian National University and The Lowy Institute for International Policy

 

10:15 am           Break

 

10:45 am           BIING-SHEN KUO, National Chengchi University

SU-LING PENG, CIER

Price Pass-Through, Household Expenditure and Industrial Structure:  The Case of Taiwan

 

                        Discussants:      CAYETANO PADERANGA, University of the Philippines

                                                ARIANTO PATUNRU, University of Indonesia

 

12:00 pm           Lunch

 

1:30 pm             ETSURO SHIOJI and TAISUKE UCHINO, Hitotsubashi University and TCER

                        Pass-Through of Oil Prices to Japanese Domestic Prices

 

                        Discussants:      YUKO HASHIMOTO, Toyo University

                                                DONGHYUN PARK, Asian Development Bank

                                               

2:45 pm             SUNGBAE AN, Singapore Management University

HEEDON KANG, Bank of Korea

Oil Shocks in a DSGE Model for the Korean Economy

 

Discussants:      WARWICK MCKIBBIN, Australian National University and The Lowy Institute for International Policy

                                                PENGFEI WANG, Hong Kong University of Science and Technology

 

4:00 pm             Adjourn

 

4:45 pm             Board government boat at Central Pier No. 9 for Cruise

 

6:30 pm             Dinner at Watermark at Pier 7

 

 

 

 

Format:

 

30 minutes - author presentation

15 minutes - discussant 1

15 minutes - discussant 2

10 minutes - general discussion

5 minutes - author response

 

 

 

 

 

 

 

 

6/16/09