Wednesday, September 25, 2013

• 19:00 ~ 21:00
  Welcome Dinner

Thursday, September 26, 2013

• 8:00 ~ 8:45
  Session 1: Managing Capital FlowsChair: M. Ayhan Kose (International Monetary Fund)Capital Controls and Macroprudential Measures: What Are They Good For?Kristin Forbes* (MIT-Sloan School of Management), Marcel Fratzscher (DIW and Humboldt University), and Roland Straub (European Central Bank)
  Discussant: James Yetman (BIS)Monetary Policy Regimes and Capital Account Restrictions in a Small Open EconomyZheng Liu (Federal Reserve Bank of San Francisco) and Mark Spiegel* (Federal Reserve Bank of San Francisco)
  Discussant: Young Sik Kim (Seoul National University)
• 10:30 ~ 10:45
  Coffee Break
• 10:45 ~ 13:00
  Session 2: Growth Chair: Pierre-Olivier Gourinchas (Editor of the IMF Economic Review, University of California, Berkeley)Service Sector Productivity and Economic Growth in AsiaJong-Wha Lee* (Korea University) and Warwick Mc Kibbin (Australian National University)
  Discussant: Fumio Hayashi (Hitotsubashi University)Growth Slowdowns and the Middle-Income TrapShekhar Aiyar (International Monetary Fund), Romain Duval* (International Monetary Fund), Damien Puy (European University Institute), Yiqun Wu (International Monetary Fund), and Longmei Zhang (International Monetary Fund)
  Discussant: Sunil Sharma (IMF-Singapore Regional Training Institute)Institutional Foundations of China's GrowthChang-Tai Hsieh* (Chicago Booth) and Zheng Song (Chicago Booth)
  Discussant: Carsten Holz (Hong Kong University of Science and Technology)
• 13:00 ~ 14:30
  Lunch Break
• 14:45 ~ 16:15 pm
  Session 3: Macroeconomic Policy
  Chair: Woon Gyu Choi (Bank of Korea)Growing (with Capital Controls) Like China Zheng Song (Chicago Booth), Kjetil Storesletten* (University of Oslo), and Fabrizio Zilibotti* (University of Zurich)
  Discussant: Hyun Jeong Kim (Bank of Korea)Roads and the Real Exchange RateQingyuan Du (Monash University), Shang-Jin Wei* (Columbia University), and Peichu Xie (Peking University)
  Discussant: Kwanho Shin (Korea University)
• 16:15 ~ 16:30
  Coffee Break
• 16:30 ~ 18:00
  Session 4: SavingsChair: Danyang Xie (Hong Kong University of Science and Technology and Wuhan University)Time-Series Evidence on the Impact of the Age Structure of the Population on the Household Saving Rate in Korea and IndiaCharles Yuji Horioka* (University of the Philippines) and Akiko Terada-Hagiwara (Asian Development Bank)
  Discussant: Jaewoo Lee (Bank of America Merrill Lynch)Fertility Policies and Social Security Reforms in China: Global Ramifications in the 21st CenturyNicolas Coeurdàcier (SciencesPo Paris) and Keyu Jin* (London School of Economics and Political Science)
  Discussant: Donghyun Park (Asian Development Bank)
• 18:30 ~ 20:30
  Dinner

Friday, September 27, 2013

• 8:30 ~9:00
  Registration
• 9:00 ~ 10:30
  Session 1: Managing Capital FlowsKEYNOTE ADDRESS: The Distributional Effects of Macroeconomic Policy Choices in Emerging Market EconomiesEswar Prasad (Cornell University and Brookings Institution)
  Introduction by Woon Gyu Choi (Bank of Korea)
• 10:30 ~ 10:45
  Coffee Break
• 10:45 ~ 13:00
  Session 5: Rebalancing: Internal vs. External Considerations Chair: Jun Il Kim (Bank of Korea)Import Price Misalignment after the Crisis: A New Keynesian Perspective Woon Gyu Choi (Bank of Korea) and David Cook* (Hong Kong University of Science and Technology)
  Discussant: Martin Bodenstein (National University of Singapore)Emergence of Asia: Reforms, Corporate Savings and Global ImbalancesJingting Fan (University of Maryland) and Sebnem Kalemli-Ozcan* (University of Maryland and IMF)
  Discussant: Markus Brueckner (National University of Singapore)Reserve Accumulation, Growth and Financial CrisesGianluca Benigno (London School of Economics) and Luca Fornaro* (CREI)
  Discussant: Sunghyun Henry Kim (Sungkyunkwan University and Suffolk University)
• 13:00 ~ 14:30
  Lunch Break
• 14:45 ~ 16:30 pm
  Session 6: Panel DiscussionModerator: Olivier Blanchard (International Monetary Fund)Panelists:
  Choongsoo Kim (Bank of Korea)
  Tsutomu Watanabe (University of Tokyo)
  Yukon Huang(Carnegie Endowment for International Peace)
  16:45 ~ 19:00
  City Tour

Note: * denotes a paper presenter in the conference.