Asia: Challenges of Stability and Growth
The Bank of Korea (BOK), the International Monetary Fund (IMF), and the IMF Economic Review will hold a conference on “Asia: Challenges of Stability and Growth.” The conference will be hosted by the BOK and will take place in Seoul on September 26–27, 2013.
The conference is intended to provide a forum for discussing innovative research and to facilitate the exchange of views among researchers and policymakers. Eswar Prasad (Cornell University) will deliver the keynote address. The conference will conclude with a Policy Panel moderated by Olivier Blanchard (International Monetary Fund).
For questions regarding the conference, please send an email to RESASIA@imf.org.
Disclaimer
The website contains papers and web links to papers that were presented at the conference. The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.
| Asia: Challenges of Stability and Growth | |
| Thursday, September 26, 2013 | |
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8:00-8:45 am |
Registration |
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8:45-9:00 am |
Welcoming Remarks ― Choongsoo Kim (Bank of Korea) |
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9:00-10:30 am |
Session 1: Managing Capital Flows Chair: M. Ayhan Kose (International Monetary Fund) Capital Controls and Prudential Measures: What Are They Good For?  Read the Paper
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 Read the Paper
Zheng Liu (Federal Reserve Bank of San Francisco) and Mark Spiegel* (Federal Reserve Bank of San Francisco) Discussant: Young Sik Kim (Seoul National University) |
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10:30-10:45 am |
***Coffee Break*** |
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10:45-1:00 pm |
Session 2: Growth Chair: Pierre-Olivier Gourinchas (University of California, Berkeley) Service Sector Productivity and Economic Growth in Asia Read the Paper
Jong-Wha Lee* (Korea University) and Warwick Mc Kibbin (Australian National University) Discussant: Fumio Hayashi (Hitotsubashi University) Growth Slowdowns and the Middle-Income Trap Read the Paper
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 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) |
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1:00-2:30 pm |
***Lunch Break*** |
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2:45-4:15 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) Read the Paper
Discussant:Hyun Jeong Kim, (Bank of Korea) Roads and the Real Exchange Rate Read the Paper
Qingyuan Du (Monash University), Shang-Jin Wei* (Columbia University), and Peichu Xie (Peking University) Discussant: Kwanho Shin (Korea University) |
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4:15-4:30 pm |
***Coffee Break*** |
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4:30-6:00 pm |
Session 4: Savings Chair: Dangyang Xie (HKUST 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 Read the Paper
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 Read the Paper
Nicolas Coeurdàcier (SciencesPo Paris), and Keyu Jin* (London School of Economics and Political Science) Discussant: Donghyun Park (Asian Development Bank) |
| Friday, September 27, 2013 | |
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8:30-9:00 am |
Registration |
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9:00-10:30 am |
KEYNOTE ADDRESS: 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) |
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10:30-10:45 am |
***Coffee Break*** |
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10:45-1:00 pm |
Session 5: Rebalancing: Internal vs. External Considerations Chair: Junil Kim (Bank of Korea) Import Price Misalignment after the Crisis: A New Keynesian Perspective Read the Paper
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 Read the Paper
Jingting Fan (University of Maryland), and Sebnem Kalemli-Ozcan* (University of Maryland and IMF) Discussant: Markus Brückner (National University of Singapore) Reserve Accumulation, Growth and Financial Crises Read the Paper
Gianluca Benigno (London School of Economics) and Luca Fornaro* (CREI) Discussant: Sunghyun Henry Kim (Sungkyunkwan University and Suffolk University) |
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1:00-2:30 pm |
***Lunch Break*** |
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2:45-4:30 pm |
Policy Panel: “Asia: Challenges of Stability and Growth” Moderator: Olivier Blanchard (International Monetary Fund) Panelists: - Choongsoo Kim (Bank of Korea) - Tsutomu Watanabe (University of Tokyo) - Yukon Huang (Carnegie Endowment for International Peace) |
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Conference Program Committee: Woon Gyu Choi (BOK), Kyuil Chung (BOK), Pierre-Olivier Gourinchas (University of California at Berkeley and Editor of the IMF Economic Review), Jun Han Kim (BOK), and Hyun Jeong Kim (BOK) and M. Ayhan Kose (IMF and Co-Editor of the IMF Economic Review). Conference Coordinator: Tracey Lookadoo (IMF). | |
