Sunday, May 25, 2008

Sunday, May 25, 2008

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

Monday, May 26, 2008

Monday, May 26, 2008

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 Thomas J. Sargent	Professor, New York University
9:40 a.m. - 10:00 a.m	Coffee Break

Session 1

Session 1

Chairperson	Michael Dotsey	Vice President, Federal Reserve Bank of Philadelphia
10:00 a.m. - 11:20 a.m.	Robustly Optimal Monetary Policy with Near-Rational Expectations
Speaker	Michael Woodford	Professor, Columbia University
Discussants	Thomas D.Tallarini, Jr.	Economist, Federal Reserve Board
	Tack Yun	Economist, Federal Reserve Board
11:20 a.m. ~ 11:40 a.m.	Break
11:40 a.m. - 1:00 p.m	Has the Federal Reserve's Inflation Target Changed?
Speaker	Tao Zha	Senior Policy Advisor, Federal Reserve Bank of Atlanta
Discussants	Martin Ellison	Professor, University of Oxford
	Soyoung Kim	Professor, Korea University
1:00 p.m. - 2:30 p.m.	Luncheon

Session 2

Session 2

Chairperson	Byung-Hwa Kim	Deputy Governor, The Bank of Korea
2:30 p.m. - 3:50 p.m	Making Macro Models Behave Reasonably
Speaker	Christopher Sims	Professor, Princeton University
Discussants	Timothy Cogley	Professor, University of California, Davis
	Marco Del Negro	Research Economist, Federal Reserve Bank of New York
3:50 p.m. - 4:10 p.m.	Break
4:10 p.m. - 5:30 p.m	Fiscal Foresight : Analytics and Econometrics
Speaker	Eric Leeper	Professor, Indiana University
Discussants	Michael Dotsey	Vice President, Federal Reserve Bank of Philadelphia
	Yongseok Shin	Professor, University of Wisconsin-Madison
6:30 p.m. - 8:30 p.m.	Dinner

Tuesday, May 27, 2008

Session 3

Session 3

Chairperson	Tao Zha	Senior Policy Advisor, Federal Reserve Bank of Atlanta
8:40 a.m. - 10:00 a.m.	Optimal Monetary Policy under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach
Speaker	Noah Williams	Professor, Princeton University
Discussants	In-Koo Cho	Professor, University of Illinois
	Fabrizio Zampolli	Economist, European Central Bank
10:00 a.m. - 11:20 a.m.	Robustness and the New Keynesian IS Curve
Speaker	Lars Peter Hansen	Professor, University of Chicago
Discussants	Klaus Adam	Professor, University of Mannheim Principal Economist, European Central Bank
	Juha Kilponen	Research Supervisor, Bank of Finland
11:20 a.m. - 11:40 a.m.	Coffee Break

Session 4

Session 4

Chairperson	Timothy Cogley	Professor, University of California, Davis
11:40 a.m. - 1:00 p.m.	The Changing Relation between House Prices and Consumption
Speaker	Junhan Kim	Senior Economist, The Bank of Korea
Discussants	Dong He	Head, Hong Kong Monetary Authority
	Stijn Van Nieuwerburgh	Professor, New York University
1:00 p.m. - 2:00 p.m.	Luncheon

Roundtable Discussion

Roundtable Discussion

Chairperson	Barry Eichengreen	Professor, University of California, Berkeley
2:00 p.m. - 3:20 p.m.
Discussants	James B. Bullard	President, Federal Reserve Bank of St. Louis
	Eric Leeper	Professor, Indiana University
	Yung Chul Park	Professor, Korea University
	Lars E.O. Svensson	Deputy Governor, Sveriges Riksbank