[ 1st Day ] June 15, 2006

[ 1st Day ] June 15, 2006

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

[ 2nd Day ] June 16, 2006

[ 2nd Day ] June 16, 2006

8:30 a.m. - 9:00 a.m.	Registration
9:00 a.m. - 9:10 a.m	Opening Address Seongtae Lee	Governor, The Bank of Korea
9:10 a.m. - 9:40 a.m.	Keynote Speech Frederic Mishkin	Professor, Columbia University
9:40 a.m. - 10:00 a.m	Coffee Break

Session 1

Session 1

Chairperson	Malcolm Gillis	Professor, Rice University
10:00 a.m. - 11:10 a.m.	Can Central Banks Target Bond Prices?
Speaker	Kenneth Kuttner	Professor, Oberlin University
Discussants	Brian Sack	Vice President, Macroeconomic Advisers
	Ehung Gi Baek	Professor, Sangmyung University
Floor Discussion
11:10 a.m. - 12:20 p.m.	The Interest Rate Channel of Monetary Transmission in the Low Inflation Era in Korea
Speaker	Hyun Euy Kim	Head of Monetary Studies Team, the Bank of Korea
Discussants	Jean Boivin	Professor, Columbia University
	Joon-Ho Hahm	Professor, Yonsei University
Floor Discussion
12:20 p.m. - 2:00 p.m.	Luncheon
Luncheon Address	Un-Chan Chung	President, Seoul National University

Session 2

Session 2

Chairperson	Moon-Soo Kang	Monetary Policy Committee Member, the Bank of Korea
2:00 p.m. - 3:10 p.m.	Optimal Monetary Policy in an Environment of Low Inflation and Rising Asset Prices
Speaker	Takatoshi Ito	Professor, the University of Tokyo
Discussants	Jon Faust	Professor, Johns Hopkins University
	Young Sik Kim	Professor, Seoul National University
Floor Discussion
3:10 p.m. - 4:20 p.m.	Monetary and Fiscal Policy in a Low Inflation Economy with Learning
Speaker	John Williams	Senior Vice President and Advisor, Federal Reserve Bank of San Francisco
Discussants	Gauti Eggertsson	Economist, Federal Reserve Bank of New York
	Jong-Wha Lee	Professor, Korea University
Floor Discussion
4:20 p.m. - 4:40 p.m.	Coffee Break

General Discussion

General Discussion

Chairperson	Frederic Mishkin	Professor, Columbia University
4:40 p.m. - 6:00 p.m.
Discussants	William Poole	President, Federal Reserve Bank of St. Louis
	Marvin Goodfriend	Professor, Carnegie Mellon University
	In June Kim	Professor, Seoul National University
	Yung Chul Park	Professor, Seoul National University
Floor Discussion
6:30 p.m. - 8:30 p.m.	Dinner
Dinner Address	Seongtae Lee	Governor, the Bank of Korea