11TH MACRO CONFERENCE
Tuesday-Wednesday, December 22-23, 2009
Banpaku OfficeInstitute of Social and Economic Research
Osaka University
Suita City, Osaka Prefecture, JAPAN(within walking distance of the Banpaku Kinen Kouen (Expo’70 Commemorative Park)
station of the Osaka Monorail)
http://www.iser.osaka-u.ac.jp/rcbe/Banpaku/access_banpaku3.html
Organizers
Charles Yuji Horioka, Osaka University
Masaya Sakuragawa, Keio University
Etsuro Shioji, Hitotsubashi University
Sponsors
Global Centers of Excellence (GCOE) Program of Osaka University; the Open ResearchCenter of the GSEC Research Institute of Keio University; the Research Center for Price
Dynamics of Hitotsubashi University; and the Tokyo Center for Economic Research(TCER)TUESDAY, DECEMBER 22, 2009
10:30-11:00 Registration
CHAIR: Tsutomu Watanabe, Hitotsubashi University
11:00-12:00 “Job Assignment, Human Capital Acquisition and Moral Hazard in
Frictional Labor Markets” (ENGLISH)
Presenter: Norikazu Tawara, Kanto Gakuen University
Discussant: Makoto Watanabe, Universidad Carlos III
12:00-13:20 LUNCH
13:20-14:20 “Product Switching and Firm Performance in Japan”
Presenter: Tsutomu Miyagawa, Gakushuin University
Co-author: Atsushi Kawakami, Gakushuin University
Discussant: Kenn Ariga, Kyoto University
14:20-15:20 “The Role of Optimal Fiscal Policy in a Currency Union”
Presenter: Eiji Okano, Chiba Keizai University
Discussant: Nao Sudoh, Bank of Japan
15:20-15:40 COFFEE BREAKCHAIR: Charles Yuji Horioka, Osaka University

15:40-16:40 “The Distributional Effect of Public Insurance Provision: Implications from
Universal Health Insurance” (ENGLISH)
Presenter: Minchung Hsu, National Graduate Institute for Policy Studies
Co-author: Junsang Lee, Australian National University
Discussant: Tomoaki Yamada, Meiji University
16:40-17:40 “The (Dis)saving Behavior of the Aged in Japan” (ENGLISH)
Presenter: Charles Yuji Horioka, Osaka University
Discussant: Oleksandr Movshuk, Toyama University
18:00-20:00 DINNER
WEDNESDAY, DECEMBER 23, 2009
CHAIR: Charles Yuji Horioka, Osaka University
9:00-10:00 “News-Driven International Business Cycles: Effects of the US News Shock on
the Canadian Economy” (ENGLISH)
Presenter: Michiru Sakane, Duke University
Discussant: Keisuke Otsu, Sophia University
10:00-10:20 COFFEE BREAKCHAIR: Etsuro Shioji, Hitotsubashi University
10:20-11:20 “Pension Benefit and Hours Worked”
Presenter: Kensuke Miyazawa (University of Tokyo)
Discussant: Takashi Oshio (Hitotsubashi University)
11:20-12:20「財政政策の効果は何故下がったのか？－ニューケインジアンモデルによる検証－」
Presenter: Masataka Eguchi, Keio University
Discussant: Etsuro Shioji, Hitotsubashi University
12:20-13:40 LUNCHCHAIR: Masaya Sakuragawa, Keio University
13:40-14:40 “Measuring Energy-Saving Technical Change in Japan”
Presenter: Ichiro Fukunaga, Bank of Japan
Co-author: Mitsuhiro Osada, Bank of Japan
Discussant: Jiro Nemoto, Nagoya University
14:40-15:40 「世界観と利他的経済行動: 行動経済学とマクロ経済学」

Presenter: Masao Ogaki, Keio University
Discussant: Yoshiro Tsutsui, Osaka University
15:40-16:00 COFFEE BREAK
16:00-17:00 "Capital Accumulation, Vintage, Productivity Japanese Experience in1980-2007"
Presenter: Taiji Hagiwara, Kobe UniversityCo-author: Yoichi Matsubayashi, Kobe University
Discussant: Tomohiko Inui (Cabinet Office and Nihon University)
17:15-18:45 DINNER
All meals will be served at the Hankyu Hotel Expo Park, right near the conference site
and right in front of Banpaku Kinen Kouen (Expo ‘70 Commemorative Park) station of theOsaka Monorail (for access information, see http://www.htl-expopark.jp/en/cs/access.html).
As of 11/29/2009