Research Center for Price Dynamics, Hitotsubashi University

COE/RES, Hitotsubashi University

Inflation Dynamics in Japan, US, and EU

Organizers: Tsutomu Watanabe, Tokuo Iwaisako, and Naohito Abe

June 28, 2007

Asian Development Bank Institute
Kasumigaseki Building 8F
Tokyo, Japan

PRELIMINARY PROGRAM
(Last revised: June 25, 2007)

9:00 am	Registration
Morning Session	Chairperson: John LEAHY, New York University
9:10 am	Emi NAKAMURA, Harvard University
	Five Facts About Prices: A Reevaluation of Menu Cost Models (coauthored with Jon STEINSSON) Monetary Non-Neutrality in a Multi-Sector Menu Cost Model (coauthored with Jon STEINSSON)
	Discussant: Nobuhiro KIYOTAKI
10:10 am	Maarten DOSSCHE, National Bank of Belgium
	The Kinked Demand Curve and Price Rigidity: Evidence from Scanner Data (coauthored with Freddy HEYLEN, Ghent University and Dirk VAN den POEL, Ghent University)
	Discussant: Kenn ARIGA
11:10 am	Coffee Break
11:20 am	Tsutomu WATANABE, Hitotsubashi University
	Menu Costs and Price Change Distributions: Evidence from Japanese Scanner Data (coauthored with Yukiko SAITO)
	Discussant: Anil KASHYAP
Lunch
12:30am	Lunch at KEYAKI Restaurant (at 33F of the same building)
	Speaker: Toshihiko FUKUI, Governor, Bank of Japan
	Summary of His Speech in English
Afternoon Session	Chairperson: Anil KASHYAP, University of Chicago
1:50 pm	1. Masahiro HIGO, Bank of Japan Price Setting in Japan: Evidence form CPI Micro Data (coauthored with Kenji NISHIZAKI, Yumi SAITA and Izumi TAKAGAWA )
	2. Daisuke IKEDA, Bank of Japan Price Setting Behavior and Hazard Functions: Evidence from Japanese CPI Micro Data (coauthored with Shinichi NISHIOKA)
	Discussant: John LEAHY Discussant: Kazuko KANO
3:10 pm	Coffee Break
3:40 pm	Naohito ABE, Hitotsubashi University
	Movement of the Japanese CPI – High Frequent Indexes Based on Daily Scanner Data (coauthored with Akiyuki TONOGI)
	Discussant: David WEINSTEIN
4:40 pm	Andrew LEVIN, Federal Reserve Board
	Customer Search, Monopolistic Competition, and Relative Price Dispersion (coauthored with Tack YUN)
	Discussant: Etsuro SHIOJI
5:40 pm	Reception

Contact

Research Center for Price Dynamics

Institute of Economic Research, Hitotsubashi University

Naka 2-1, Kunitachi-city, Tokyo 186-8603, Japan

Tel/Fax: +81-42-580-9138 (from abroad); 042-580-9138 (inside Japan)

E-mail: <sousei-sec@ier.hit-u.ac.jp>

URL: http://www.ier.hit-u.ac.jp/~ifd/index_e.html

Place

Asian Development Bank Institute (ADBI)

Kasumigaseki Building 8F

3-2-5, Kasumigaseki, Chiyoda-ku,

Tokyo 100-6008, Japan

URL: http://www.adbi.org/

* Please do not contact ADBI directly, except on the day of the conference, June 28.

* Location Map & Access to ADBI are provided in the separate sheets.

List of Participants

Naohito ABE, Hitotsubashi University

Kenn ARIGA, Kyoto University

Hidetaka ENOMOTO, Bank of Japan

Maarten DOSSCHE, National Bank of Belgium

Shinichi FUKUDA, University of Tokyo

Masahiro HIGO, Bank of Japan

Toshiki HONDA, Hitotsubashi University

Kaoru HOSONO, Gakushuin University

Daisuke IKEDA, Bank of Japan

Takatoshi ITO, University of Tokyo

Tokuo IWAISAKO, Hitotsubashi University

Toshiki JINUSHI, Kobe University

Kazuko KANO, Queen’s University

Anil KASHYAP, University of Chicago

Masahiro KAWAI, Asian Development Bank Institute

Yukinobu KITAMURA, Hitotsubashi University

Nobuhiro KIYOTAKI, Princeton University

Teruyoshi KOBAYASHI, Chukyo University

Takeshi KUDO, Nagasaki University

Takushi KUROZUMI, Bank of Japan

John LEAHY, New York University

Sebastien LECHEVALIER, EHESS Centre Japon

Andrew LEVIN, Federal Reserve Board

Takayasu MATSUOKA, Osaka University

Ryuzo MIYAO, Kobe University

Heather MONTGOMERY, Hitotsubashi University

Emi NAKAMURA, Harvard University

Koji NAKAMURA, Bank of Japan

Kiyohiko NISHIMURA, Bank of Japan

Hiroshi OHASHI, University of Tokyo

Yumi SAITA, Bank of Japan

Yukiko SAITO, Fujitsu Research Institute

Mototsugu SHINTANI, Vanderbilt University

Etsuro SHIOJI, Hitotsubashi University

Masaaki SHIRAKAWA, Kyoto University

Toyoichiro SHIROTA, Bank of Japan

Akiyuki TONOGI, Hitotsubashi University

Takayuki TSURUGA, Bank of Japan

Kazuo UEDA, University of Tokyo

Hiromichi UENO, Tokyo Institute of Technology

Tsutomu WATANABE, Hitotsubashi University

David WEINSTEIN, Columbia University

Tomoyoshi YABU, Bank of Japan

Naoyuki YOSHINO, Keio University