This site introduces events at HIAS GLECS (Hitotsubashi Institute for Advanced Studies, Research Center for Global Economic Systems).

HSI2020—6th Hitotsubashi Summer Institute

Asia/Tokyo
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HIAS GLECS Logo

We are very pleased to inform you that we will hold the HSI2020—6th Hitotsubashi Summer Institute.

We have four online sessions this year as shown below.

By clicking a date, relevant program is opened.

Currently, registration for "Macro- and Financial Econometrics" is open.

If you would like to register, please go to "Registration" page. 

Macro- and Financial Econometrics on 31 October and 1 November
Toshiaki Watanabe (Institute of Economic Research, Hitotsubashi University)
Co-sponsorship:the Grants-in-Aid for Scientific Research (A), Grant Number 20H000732

JADE-HSI 2020 Conference on 14 and 15 November (TBA)
Takashi Kurosaki (Institute of Economic Research, Hitotsubashi University)
Yutaka Arimoto (Institute of Economic Research, Hitotsubashi University)

Microeconomic Theory on 28 and 29 November (TBA)
Reiko Gotoh (Institute of Economic Research, Hitotsubashi University)
Daisuke Hirata (Hitotsubashi Institute for Advanced Study, Hitotsubashi University)
Norio Takeoka (Graduate School of Economics, Hitotsubashi University)
Takashi Ui (Graduate School of Economics, Hitotsubashi University)

International Trade and FDI on 12 and 13 December (TBA)
Jota Ishikawa (Graduate School of Economics, Hitotsubashi University)
Eiichi Tomiura (Graduate School of Economics, Hitotsubashi University)

  • Saturday, 31 October
    • 09:25 09:30
      Opening Remarks 5m

      Speaker: Toshiaki Watanabe (Hitotsubashi University)

    • 09:30 10:30
      Keynote Talk

      Chair: Toshiaki Watanabe (Hitotsubashi University)

      • 09:30
        Markov-Switching Models with Unknown Error Distributions: Identification and Inference within the Bayesian Framework 1h

        Speaker: Chang-Jin Kim (University of Washington)
        Co-author: Shih-Tang Hwu (California State Polytechnic University)

    • 10:30 12:30
      Financial Econometrics

      Chair: Yohei Yamamoto (Hitotsubashi University)

      • 10:30
        High-frequency Realized Stochastic Volatility Models 40m

        Speaker: Jouchi Nakajima (Bank of Japan)
        Co-author: Toshiaki Watanabe (Hitotsubashi University)

      • 11:10
        Time-varying Jump Tail Risk Measure Using High-frequency Options Data 40m

        Speaker: Masato Ubukata (Meijigakuin University)

      • 11:50
        Inference in Weak Factor Models 40m

        Speaker: Yoshimasa Uematsu (Tohoku University)
        Co-author: Takashi Yamagata (University of York)

    • 12:30 13:30
      Lunch Break 1h
    • 13:30 15:30
      Macroeconomics

      Chair: Takashi Kano (Hitotsubashi University)

      • 13:30
        The Model-based Assessment of Macroeconomic Impact of the COVID-19 on Emerging Economies 40m

        Speaker: Takefumi Yamazaki (World Bank)

      • 14:10
        Fiscal Multipliers in the Most Aged Country:Empirical Evidence and Theoretical Interpretation 40m

        Speaker: Hiroshi Morita (Hosei University)

      • 14:50
        Financial Market Participation, Cost Volatility, and Demand Shocks 40m

        Speaker: Sungbae An (Korea Institute for International Economic Policy)
        Co-author: Ohik Kwon (Bank of Korea)

  • Sunday, 1 November
    • 10:00 12:00
      Interest Rate and Inflation

      Chair: Etsuro Shioji (Hitotsubashi University)

      • 10:00
        Why Has the Natural Rate of Interest Declined in Recent Years? 40m

        Speaker: James Morley (University of Sydney)
        Co-authors: Trung Duc Tran (University of Sydney) , Benjamin Wong (Monash University)

      • 10:40
        Understanding Trend Inflation through the Lens of the Goods and Services Sectors 40m

        Speaker: Yunjong Eo (Korea University)
        Co-authors: Luis Uzeda (Bank of Canada), Benjamin Wong (Monash University)

      • 11:20
        Japanification of Bond Markets? Effects of Decay Factor 40m

        Speaker: Atsushi Sekine (Chiba University)
        Co-author: Junko Koeda (Ministry of Finance)
        Link: Paper

    • 12:00 13:00
      Lunch Break 1h
    • 13:00 15:00
      Monetary Policy

      Chair: Toshitaka Sekine (Hitotsubashi University)

      • 13:00
        The FOMC's New Individual Economic Projections and Macroeconomic Theories 40m

        Speaker: Natsuki Arai (National Chengchi University)

      • 13:40
        International Spillover Effects of Unconventional Monetary Policies of Major Central Banks 40m

        Speaker: Tatsuyoshi Okimoto (Australian National University)
        Co-author: Tomoo Inoue (Seikei University)

      • 14:20
        Examining Macroprudential Policy and its Macroeconomic Effects - Some New Evidence 40m

        Speaker: Soyoung Kim (Seoul National University)
        Co-author: Aaron Mehrotra (Bank for International Settlements)

    • 15:00 15:05
      Closing Remarks 5m

      Speaker: Etsuro Shioji (Hitotsubashi University)