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National Bureau of Economic Research
Hong Kong Institute for Monetary Research
Chung-Hua Institution for Economic Research
Korea Development Institute
20th Annual East Asian Seminar on
Economics
Commodity
Prices and Markets
Takatoshi Ito and Andrew Rose, Organizers
Hong Kong Institute for Monetary Research
Harbour Room, 56/F
International Financial Center (Tower 2)
Central,
Friday,
June 26:
8:30 am Registration
Oil
Prices, Exchange Rates, and Pass-Through
9:00 am JAN
GROEN, Federal Reserve Bank of
PAOLO PESENTI, Federal Reserve Bank of
Commodity Prices, Commodity Currencies, and Global
Economic Developments
Discussants: KALOK
CHAN,
ROBERTO MARIANO,
10:15 am Break
10:45 am KALOK CHAN,
YIUMAN TSE and MICHAEL
WILLIAMS,
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
Identifying the Relationship Between Trade and
Exchange Rate Volatility
Discussants: CHAIYASIT
ANUCHITWORAWONG, TDRI
MARK SPIEGEL, Federal Reserve Bank of
Oil
Prices, Ocean Freight, Monetary Policy
JUNHEE
LEE,
Oil and the Macroeconomy: A Case of Korea
Discussants: TOKUO IWAISAKO, Ministry of Finance and
TCER
MOHAMED RIZWAN HABEEB
RAHUMAN, Central Bank of
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
JENNY XU, Hong Kong
University of Science and Technology
5:15 pm MARIO
CRUCINI, Vanderbilt University and NBER
MARTIN BERKA,
The Consumption Terms of Trade and Commodity
Prices
Discussants:
ROBERTO
MARIANO,
MARK
SPIEGEL, Federal Reserve Bank of
6:30 pm Adjourn
7:00 pm Reception
and Banquet at the American Club
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
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,
SU-LING PENG, CIER
Price Pass-Through, Household Expenditure and
Industrial Structure: The Case of Taiwan
Discussants: CAYETANO
PADERANGA, University of the
ARIANTO PATUNRU,
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,
DONGHYUN
PARK, Asian Development Bank
2:45 pm SUNGBAE
AN,
HEEDON KANG, Bank of
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