Macro Economy
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Monetary Policy Normalization Ten Years after the Great Recession
Macro Economy Research Conference
24 October 2018
Urbannet Otemachi Building, Tokyo
List of Participants (PDF: 118KB)
Program
Opening Remarks
Koji Nagai, President, Nomura Foundation
Morning Session
Moderator: Chi-Hung Kwan, Senior Fellow, Nomura Institute of Capital Markets Research
Uncertain Inflation Outlook and Monetary Policy Normalization in the Heterogeneous Euro Area
Zsolt Darvas, Senior Fellow, Brussels European and Global Economic Laboratory (Bruegel)
Comments
Paola Subacchi, Senior Research Fellow, Royal Institute of International Affairs (Chatham House)
Incorporating Macro-prudential Financial Regulation into Monetary Policy
Aaron Klein, Fellow, Brookings Institution
Comments
Masahiro Kawai, Project Professor, University of Tokyo
Luncheon Talk
BOJ’s Communication Strategy for Policy Normalization
Takahide Kiuchi, Executive Economist, Nomura Research Institute
Afternoon Session
Moderator: Tomo Kinoshita, Chief Market Economist, Nomura Securities
Monetary Policy Normalization and Global Spillovers: The US, China and the Rest
Paola Subacchi, Royal Institute of International Affairs (Chatham House) & Paul van den Noord, University of Amsterdam
Comments
Aaron Klein, Fellow, Brookings Institution
Growth Potential and Monetary Policy Orientation in China’s Economic Transition Period
WU Zhenyu, Director-General, Research Institute of Finance, Development Research Center of the State Council
Comments
Chi-Hung Kwan, Senior Fellow, Nomura Institute of Capital Markets Research
Potential Issues with BOJ’s exit from Unconventional Monetary Policy
Takashi Miwa, Chief Japan Economist, Nomura Securities
Comments
Zsolt Darvas, Senior Fellow, Brussels European and Global Economic Laboratory (Bruegel)
Closing Remarks
Tetsu Ozaki, Vice Chairman, Nomura Holdings
