SESSION I. ECONOMIC STRUCTURES AND MACROECONOMIC PERFORMANCES

Chair: Yoon Hyung Kim

09:00-10:00 a.m.

Paper 1: Crisis, Structural Reform, and Economic Growth: A Synthetic Overview presented by Daniela Klingebiel, World Bank

Paper 2: Post-Crisis Growth and Bankaruptcy Policy Reform in Korea: Empirical Evidence presented by Chinhee Hahn, Senior Fellow, Korea Development Institute and co-authored by Youngjae Lim, Korea Development Institute

10:30-11:00 a.m.

Commentaries

Kyungsoo Choi, Senior Fellow, Korea Development Institute

Jon R. Blondal, PUMA, OECD

11:00-12:00 a.m.

Open discussion

SESSION II. FACTOR MARKET STRUCTURES AND MACROECONOMY

Chair: Dieter Ernst, Senior Fellow & Theme Leader, Economic Studies, East-West Center, Honolulu, and Research Professor, Center for Technology & Innovation (TIK), University of Oslo, Norway

1:00-3:00 p.m.

Paper 3: Capital Market Structures and Macroeconomic Performances: A Comparative Analysis presented by Mark M. Spiegel, Research Advisor, International Studies and Pacific Basin Center, Federal Reserve Bank of San Francisco and jose A. Lopez, Economist, Banking and Regional Studies Section, Federal Reserve Bank of San Francisco

Paper 4: Macroeconomic Implications of Capital Market Reforms in Korea presented by Joon-ho Hahm, Yonsei University

Paper 5: Labor Market Structures, Macroeconomic Policy, and Labor Market Performances presented by Robert H. Topel, University of Chicago

Paper 6: Macroeconomic Implications of Labor Market Structure Changes in Korea presented by Kyungsoo Choi, Senior Fellow, Korea Development Institute

3:30-4:50 p.m.

Commentaries

Dongchul Cho, Senior Fellow, Korea Development Institute

Carl Walsh, Department of Economics, University of California, Santa Cruz

Young-sun Koh, Senior Fellow, Korea Development Institute

Daniela Klingebiel, World Bank

4:50-6:00 p.m.

Open discussion

SESSION III. IMPLICATIONS OF STRUCTURAL CHANGES ON MACRO-POLICY SCHEMES

Chair: Chung H. Lee, Professor, Department of Economics, University of Hawaii

8:30-10:30 a.m.

Paper 7: Monetary Policy Schemes under Different Economic Structures: A Comparative Analysis presented by Carl Walsh, Department of Economics, University of California, Santa Cruz

Paper 8: Post-Crisis Structural Changes and Monetary Policy Scheme in Korea presented by Dongchul Cho, Senior Fellow, Korea Development Institute

Paper 9: Fiscal Consolidation Experiences: A Comparative Analysis presented by Presented by Jon R. Blondal, PUMA, OECD

Paper 10: Post-Crisis Rise of Public Debt and Its Impacts on Fiscal Policy in Korea presented by Young-sun Koh, Senior Fellow, Korea Development Institute

11:00-12:20 p.m.

Commentaries

　　Chinhee Hahn, Senior Fellow, Korea Development
　　Institute

　　Mark M. Spiegel, Research Advisor, International
　　Studies and Pacific Basin Center, Federal Reserve
　　Bank of San Francisco

　　Joon-ho Hahm, Yonsei University

　　Robert H. Topel, University of Chicago

1:30-2:30 p.m.

Open discussion

SESSION IV. MAJOR FINDINGS AND POLICY IMPLICATIONS

Chair: Lee-Jay Cho

3:00-4:00 p.m.

Panel discussion

Panelists:

Jon R. Blondal

Hubert Neiss, Chairman, Asia Deutsche Bank, Asia-Pacific Head Office

Carl Walsh

Hong-Tack Chun

4:00-5:00 p.m.

Open discussion

5:00-5:10 p.m.

Organizers' remarks