Hong Kong University of Science and Technology, Keio University and Hong Kong Institute for Monetary Research

HKUST-Keio-HKIMR Conference on Exchange Rates and Macroeconomics

 

17 March 2016 (Thursday) - 18 March 2016 (Friday)

Harbour Room, 56th Floor, Two International Finance Centre, Central (Day 1) ; Room G001, G/F, Lee Shau Kee Business Building, HKUST (Day 2)

Programme


March 17, 2016 (Thursday)
Venue Harbour Room, 56/F, Two International Finance Centre, 8 Finance Street, Central

8:30 - 8:50am Registration and Welcome Coffee



8:50 - 9:00am Opening Remarks (Cho-hoi Hui, Hong Kong Monetary Authority)



Morning Session
Chair: Matthew Yiu (Hong Kong Institute for Monetary Research)
9:00 - 10:15am Keynote Speech: “Global Imbalances and Currency Wars at the ZLB”

Pierre-Olivier Gourinchas (University of California-Berkeley)

Discussant: Tomoyuki Nakajima (Kyoto University)

10:15 -10:45am Coffee Break



10:45 - 11:45am “Cross-Country Exposures to the Swiss Franc”

Agustin Benetrix (Trinity College Dublin)

11:45 - 12:45pm “The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through”

Ida Hjortsoe (Bank of England)

12:45 - 2:00pm In-house Lunch (By invitation)



Afternoon Session
Chair: David Cook (Hong Kong University of Science and Technology)
2:00 - 3:15pm “A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies"

Michael B. Devereux (University of British Columbia)

3:15 - 3:45pm Coffee Break



3:45 - 4:45pm “Sustainable International Monetary Policy Cooperation”

Timothy Kam (Australian National University)

4:45 - 5:45pm “The First Arrow Hitting the Currency Target: A Long-Run Risk Perspective”

Takashi Kano (Hitotsubashi University)

6:00 - 9:00pm Dinner (By invitation)



March 18, 2016 (Friday)
Venue Room G001, G/F, Lee Shau Kee Business Building, HKUST

8:00am Coach to University from TST (Invited speakers and discussants only)

8:45 - 9:15am Breakfast at Conference Venue



Morning Session
Chair: Ippei Fujiwara (Keio University)
9:15 - 10:30am Keynote Speech: “Trade, Unemployment, and Monetary Policy”

Fabio Ghironi (University of Washington)

Discussant: Jenny Xu, Hong Kong University of Science and Technology

10:30 -11:00am Coffee Break



11:00 - 12:00am "Economic Fundamentals and Monetary Policy Autonomy"

Scott Davis (Federal Reserve Bank at Dallas)

12:00 - 2:00pm Lunch (by special invitation)



Afternoon Session
Chair: Michael B. Devereux (University of British Columbia)
2:00 - 3:00pm “Monetary and Financial Policies in Emerging Markets”

Gianluca Benigno (London School of Economics)

3:00 - 3:15pm Coffee Break



3:15 - 4:15pm “Currency War at the Zero Lower Bound”

Ruy Lama (International Monetary Fund)

4:15 - 5:15pm “Fiscal Policy in a Currency Union at the Zero Lower Bound”

David Cook (Hong Kong University of Science and Technology)

5:30pm Departure for Dinner (by special invitation)