10 August 2015

SESSION I. AGING, INDUSTRYMATURIZATION AND JAPANIZATION
Chair: Andrew Mason, University of Hawaii at Manoa

09:00–9:30 a.m.　 Paper 1: Japanization: A Comparative Analysis for Advanced Economies
　　　　　　　　　presented by Takatoshi Ito, Columbia University

09:30–10:00 a.m.　Paper 2: Aging and Growth: Will Korea Become Another Japan?
　　　　　　　　　presented by Kyooho Kwon, Korea Development Institute

10:00–10:30 a.m.　Paper 3: Trade Dynamics of Japan, Korea, and China
　　　　　　　　　presented by Kyu-Chul Jung, Korea Development Institute

10:30–10:45 a.m. 　Coffee break

10:45–11:10 a.m. 　Commentaries: Barry Eichengreen, University of California, Berkeley
　　　　　　　　　(Paper 1), Sang-Hyop Lee, University of Hawaii at Manoa (Paper 2),
　　　　　　　　　Theresa Greaney, University of Hawaii at Manoa (Paper 3)

11:10–11:50 a.m.　 Open discussion

11:50-12:00 a.m.　 Group photo

12:00–1:00 p.m.　　Lunch

SESSION II. RESOURCE ALLOCATIONS AND TFP
Chair: Denise E. Konan, University of Hawaii at Manoa

1:00–1:30 p.m. 　　Paper 4: Product Market Efficiencies and TFP: Comparative Analyses
　　　　　　　　　presented by Keiko Ito and YoungGak Kim, Senshu University

1:30–2:00 p.m. 　　Paper 5: Misallocation in the Manufacturing Sector of Korea: A Micro-Data Analysis
　　　　　　　　　presented by Dongseok Kim (on behalf of Jiyoon Oh), Korea Development Institute

2:00–2:30 p.m. 　　Commentaries: Kyu-Chul Jung (Paper 4), Keiko Ito (Paper 5)

2:30–3:00 p.m. 　　Open discussion

3:00–3:15 p.m. 　　Coffee break

SESSION III. ROLES OF FINANCIAL MARKET
Chair: Dongseok Kim

3:15–3:45 p.m.　　Paper 6: Financial Market Efficiency: A Comparative Perspective
　　　　　　　　　presented by Mitsuhiro Fukao, Keio University

3:45–4:15 p.m.　　Paper 7: Adverse Effects of Zombie Firms: The Case of Korea
　　　　　　　　　presented by Daehee Jeong, Korea Development Institute

4:30–4:50 p.m.　　Commentaries: Seongtae Kim, Korea Development Institute (Paper 6),
　　　　　　　　　Baybars Karacaovali, University of Hawaii at Manoa (Paper 7)

4:50–5:30 p.m. 　　Open discussion

5:30 p.m. 　　　　 Board bus to return to the hotel

11 August 2015

8:00 a.m.　　　　  Pick-up at the hotel by bus to the East-West Center

8:30–9:00 a.m.　　 Continental breakfast at the East-West Center

SESSION IV. ASSET PRICES AND MONETARY POLICY
Chair: Byron Gangnes, University of Hawaii at Manoa

9:00–9:30 a.m.　　Paper 8: Deflation and Monetary Policy
　　　　　　　　　presented by Barry Eichengreen, University of California, Berkeley

9:30–10:00 a.m.　 Paper 9: Aging and Housing Prices: The Case of Korea
　　　　　　　　　presented by Inho Song, Korea Development Institute

10:00–10:30 a.m. 　Paper 10: Lessons for Korea from Japan’s Monetary Policy
　　　　　　　　　presented by Dongchul Cho, Korea Development Institute

10:30–10:45 a.m. 　Coffee break

10:45–11:20 a.m. 　Commentaries: Daehee Jeong (Paper 8), Andrew Mason (Paper 9), Sumner
　　　　　　　　　La Croix, University of Hawaii at Manoa (Paper 10)

11:20–12:00 a.m. 　Open discussion

12:00–1:00 p.m.　 Lunch

SESSION V. JAPANIZATION AND FISCAL POLICY
Chair: Sumner La Croix

1:00–1:30 p.m. 　Paper 11: Avoiding Japanization: What Role for Fiscal Policy?
　　　　　　　　presented by Jerald Schiff, American University

1:30–2:00 p.m. 　Paper 12: Lessons from Japan’s Fiscal Policy for Korea
　　　　　　　　presented by Seongtae Kim, Korea Development Institute

2:00–2:30 p.m. 　Commentaries: Byron Gangnes (Paper 11), Jerald Schiff (Paper 12)

2:30–2:45 p.m. 　Open discussion

2:45–3:00 p.m. 　Coffee break

SESSION VI. MAJOR FINDINGS AND POLICY IMPLICATIONS

3:00–5:00 p.m. 　Convened by Takatoshi Ito, Dongchul Cho, and Andrew Mason

5:00–5:15 p.m.　 Closing remarks by EWC and KDI organizer