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HOME > Macro Economy > Monetary Policy and its Impact during Inflation

Monetary Policy and its Impact during Inflation

Macro Economy Research Conference
19 October 2023
The Okura Prestige Tower, Tokyo

List of Participants (PDF: 123KB)

Program

Opening Remarks

Koji Nagai, President, Nomura Foundation


Morning Session

Moderator:Tetsuya Kamiyama, Managing Director, Nomura Institute of Capital Markets Research

A brief history of unconventional monetary easing by the Bank of Japan and Japan’s inflation

Takashi Miwa, Head of Japan Economic Research, Nomura Securities

Presentation (PDF: 912KB)

Paper (PDF: 524KB)



Federal Reserve: Conflicts Between Monetary Policy and Bank Regulation in Tackling Inflation

Aaron Klein, Miriam K. Carliner Chair and Senior Fellow, Economic Studies, The Brookings Institution

Presentation (PDF: 1,743KB)

Paper (PDF: 1,499KB)



Luncheon Address
Can Japan Achieve a Virtuous Cycle between Wages and Prices?

Tsutomu Watanabe, Professor of Economics,
Graduate School of Economics, The University of Tokyo

Presentation (PDF: 985KB)



Afternoon Session

Moderator: Chi-Hung Kwan, Senior Fellow, Nomura Institute of Capital Markets Research

The Best Way to Fight Inflation

Creon Butler, Director, Global Economy and Finance Programme, Chatham House

Yougesh Khatri, Associate Fellow, Global Economy and Finance Programme, Chatham House

Presentation (PDF: 711KB)

Paper (PDF: 3,171KB)


What do strong labour markets tell us about monetary tightening in the euro area, US and UK?

Zsolt Darvas, Senior Fellow, Bruegel

Catarina Martins, former Research Analyst, Bruegel

Presentation (PDF: 637KB)

Paper (PDF: 579KB)


China’s Prices and Policies under Global Inflation

Daofu Chen, Deputy Director and Researcher, Research Institute of Finance, Development Research Center of the State Council

Presentation (PDF: 1,159KB)

Paper (PDF: 1,288KB)



Closing Remarks

Akiko Nomura, Managing Director, Nomura Institute of Capital Markets Research

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