Program
Updated 15 November 2017
Each presentation lasts 45 minutes: 25 for presenter, 10 for discussant, 10 for general discussion
Thursday, 12 October
8.45-9.00 Registration
9.00-10.30 Session 1
Yunus Aksoy, Henrique Basso, Ron Smith, Tobias Grasl, "Demographic Structure and Macroeconomic Trends"
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Discussant: Christian Siegel (University of Kent)
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Thomas Cooley, Espen Henriksen, "The Demographic Deficit"
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Discussant: Per Krusell (IIES)
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10.30-11.00 Coffee break
11.00-12.30 Session 2
Shigeru Fujita, Ippei Fujiwara, "Declining Trends in the Real Interest Rate and Inflation. The Role of Aging"
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Discussant: Guido Ascari (Oxford University)
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Mikael Juselius, Elod Takats, "The Age-Structure-Inflation Puzzle"
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Discussant: Kozo Ueda (Waseda University)
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12.30-14.00 Lunch break
14.00-15.00 Keynote speech: Charles Goodhart, Manoj Pradhan, "Demographics Will
Reverse Three Multi-Decade Global Trends"
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15.00-15.15 Coffee break
15.15-16.45 Session 3
Gauti Eggertsson, Neil Mehrotra, Jacob Robbins, "A Model of Secular Stagnation. Theory and Quantitative Evaluation"
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Discussant: Michaela Schmöller (Aalto University, ECB)
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Claudio Borio, Piti Disyatat, Mikael Juselius, Phurichai Rungcharoenkitkul, "Why so low for so long? A long-term view of real interest rates"
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Discussant: Gregory Thwaites (Bank of England)
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16.45-19.00 Free time
19.00 Dinner
Friday, 13 October
9.00-10.30 Session 4
Timo Boppart, Per Krusell, Jonna Olsson, "Labor Supply in the Future. Who Will Work?"
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Discussant: Josep Pijoan-Mas (CEMFI)
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Gregory Ponthiere, Hippolyte d'Albis, Angela Greulich, "Development, Fertility, and Childbearing Age: A Unified Growth Theory"
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Discussant: Kathrin Komp (University of Helsinki)
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10.30-11.00 Coffee break
11.00-12.30 Session 5
Etienne Gagnon, David Lopez-Salido, Benjamin Johannsen, "Understanding the New Normal. The Role of Demographics"
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Discussant: Rana Sajedi (Bank of England)
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Giuseppe Ferrero, Marco Gross, Stefano Neri, "Secular Stagnation, Demographic Developments and Low Interest Rates"
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Discussant: Antti Ripatti (University of Helsinki)
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12.30-14.00 Lunch break
14.00-15.30 Session 6
Dirk Niepelt, "Domestic, External, and Implicit Debt and Default"
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Discussant: Niku Määttänen (Research Institute of the Finnish Economy)
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Mitsuru Katagiri, Hideki Konishi, Kozo Ueda, "Aging and Deflation from a Fiscal Perspective"
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Discussant: Giuseppe Fiori (North Carolina State University)
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15.30-16.00 Coffee break
16.00-17.30 Session 7
Alessandro Ferrari, "Looking behind the financial cycle: the neglected role of the demographic cycle"
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Discussant: Jouko Vilmunen (University of Turku)
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Julia Niemeläinen, "External Imbalances between China and the US. A dynamic analysis with a life-cycle model"
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Discussant: Ippei Fujiwara (Australian National University, Keio University)
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17.30 Adjourn
Scientific committee: Wouter den Haan, Adam Gulan, Esa Jokivuolle, Mikael Juselius, Jouko Vilmunen