1. Conferences
  2. Joint Conferences
  3. BOK-IMF ER Conference 2013
  4. Program

September 26-27, 2013, Seoul, Korea

Asia: Challenges of Stability and Growth

(Conference organized by the Bank of Korea and the International Monetary Fund)

Preliminary Program as of September 17, 2013

Wednesday, September 25, 2013

  • 19:00 ~ 21:00

    Welcome Dinner

Thursday, September 26, 2013

  • 8:00 ~ 8:45

    Session 1: Managing Capital Flows

    Chair: 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 Economy

    Zheng 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 Asia

    Jong-Wha Lee* (Korea University) and Warwick Mc Kibbin (Australian National University)
    Discussant: Fumio Hayashi (Hitotsubashi University)

    Growth Slowdowns and the Middle-Income Trap

    Shekhar 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 Growth

    Chang-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 Rate

    Qingyuan 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: Savings

    Chair: 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 India

    Charles 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 Century

    Nicolas Coeurdàcier (SciencesPo Paris) and Keyu Jin* (London School of Economics and Political Science)
    Discussant: Donghyun Park (Asian Development Bank)

  • 18:30 ~ 20:30


Friday, September 27, 2013

  • 8:30 ~9:00


  • 9:00 ~ 10:30

    Session 1: Managing Capital Flows

    KEYNOTE ADDRESS: The Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies

    Eswar 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 Imbalances

    Jingting 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 Crises

    Gianluca 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 Discussion

    Moderator: Olivier Blanchard (International Monetary Fund)


    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.

Go to Top