May 27, 2005

May 27, 2005

7:00 p.m. ~ 9:00 p.m.	Welcome Reception I Dinner

May 27, 2005

May 27, 2005

8:00 a.m. - 8:30 a.m.	Registration
8:30 a.m. - 8:40 a.m.	Opening Address Seung Park	Governor, the Bank of Korea
	Congratulatory Remarks by President Roh Moo-hyun of the Republic of Korea
8:40 a.m. - 9:25 a.m.	Keynote Speeches Toshihiko Fukui Zhou Xiaochuan Bennett McCallum	Governor, Bank of Japan Governor, the People's Bank of China (to be confirmed) Professor, Carnegie-Mellon University
9:25 a.m. - 9:40 a.m.	Coffee Break Photo Session * (Podium) *Governors, chairpersons, speakers and discussants only

Session 1 - Sapphire Ballroom (3F)

Session 1

Chairperson	Benjamin Friedman	Professor, Harvard University
9:40 a.m. - 10:50 a.m.	The Effectiveness of Monetary Policy as Stabilization Policy
Speaker	Robert Rasche	Senior Vice President and Director of Research Federal Reserve Bank of St. Louis
Discussants	William Barnett	Professor, University of Kansas
	Moon-Soo Kang	Monetary Policy Committee Member, the Bank of Korea
Floor Discussion
10:50 a.m. - 12:00 p.m.	The Effectiveness of Fiscal Policy as Stabilization Policy
Speaker	Alan Auerbach	Professor, University of California, Berkeley
Discussants	Takatoshi Ito	Professor, University of Tokyo
	Chung Mo Koo	Professor, Kangwon National University
Floor Discussion
12:00 p.m. - 1:30 p.m.	Luncheon
Luncheon Address	Duck-Soo Han	Deputy Prime Minister and Minister of Finance & Economy, the Republic of Korea

Session 2 - Crystal Ballroom (2F)

Session 2

Chairperson	Yoon-Dae Euh	President, Korea University
1:30 p.m. - 2:40 p.m.	Interaction between Monetary and Fiscal Policy and a Policy Mix
Speaker	Yasushi Iwamoto	Professor, University of Tokyo
Discussants	Michael Artis	Professorial Fellow, European University Institute
	Kookshin Ahn	Professor, Chung-Ang University
Floor Discussion
2:40 p.m. - 3:50 p.m.	Policy Suggestions for Improving the Effectiveness of Monetary Policy
Speaker	Marvin Goodfriend	Senior Vice President and Policy Advisor, Federal Reserve Bank of Richmond
Discussants	Benjamin Friedman	Professor, Harvard University
	Jae Chun Kim	Director General, Research Department, the Bank of Korea
Floor Discussion
3:50 p.m. ~ 4:10 p.m.	Coffee Break

General Discussion - Crystal Ballroom (2F)

General Discussion

Chairperson	Bennett McCallum	Professor, Carnegie-Mellon University
4:10 p.m. - 6:00 p.m.
Discussants	Takatoshi Ito	Professor, University of Tokyo
	Justin Yifu Lin	Professor, China Center for Economic Research, PekingUniversity
	Christian Noyer	Governor, Bank of France
	Janet Yellen	President, Federal Reserve Bank of San Francisco
	Sung-Hee Jwa	Former President, Korea Economic Research Institute
Floor Discussion
6:30 p.m. - 8:30 p.m.	Dinner
Dinner Address	Seung Park	Governor, the Bank of Korea