Past Event
Secular Stagnation in Europe and Japan
This is the 3rd conference in a series of events jointly organised by Graduate School of Economics, Kobe University and Bruegel
Seven years after the global financial crisis there are still insufficient signs of recovery for many economies. Secular stagnation means economies are incapable of creating enough demand to sustain growth, requiring negative real interest rates to equate savings and investment. Simultaneously, an aging population is less open to invest or to spend. If secular stagnation is here to stay, the policies of today are not able to tackle the problem.
This event aims to bring pragmatic proposals for Europe and Japan as to what the solutions could be and what policy measures would support them. Both Europe and Japan can learn from each other’s experience in dealing with unsatisfactory growth and an inability to carry out necessary structural reform.
Event Materials
Bruegel Event Notes
Juan F. Jimeno – Presentation
Yoichi Matsubayashi – Presentation
Xavier Ragot – Presentation
Paul Swaim – Presentation
Coen Teulings – Presentation
Atsuko Ueda – Presentation
Natacha Valla – Presentation
Masahiko Yoshii – Presentation
Schedule
8.30 - 9.00
Breakfast and registration
9.00 - 9.30
9.30 - 11.00
The new secular stagnation- review from Japan and Europe
Chair: Guntram B. Wolff, Former Director
Yoichi Matsubayashi, Deputy Dean and Professor, Graduate school of Economics, Kobe University
Coen Teulings, Montague Burton Chair of Labour Economics and Industrial Relations, University of Cambridge
Natacha Valla, Dean of the School of Management and Innovation, Sciences Po
11.00 - 11.15
Coffee Break
11.15 - 12.30
Inequalities, ageing societies and secular stagnation
Chair: Masahiko Yoshii, Professor, Graduate School of Economics of Kobe University
Rainer Münz, Special adviser on migration and demography at the European Political Strategy Centre (EPSC)
Paul Swaim, Senior Economist at EAP Division, OECD
Atsuko Ueda, Professor, Waseda University
12.30 - 13.15
Lunch
13.15 - 14.45
Macroeconomic policy, growth strategy and redistribution
Chair: Grégory Claeys, Senior Fellow
Juan F. Jimeno, Head of the Research Division, Banco de España
Masahiko Yoshii, Professor, Graduate School of Economics of Kobe University
Naoyuki Yoshino, Dean, Asian Development Bank Institute
14.45 - 15.00
Coffee Break
15.00 - 16.30
What policy lessons to draw?
Chair: Toshiki Jinushi, Dean, Kobe University
Marcia De Wachter, Director, National Bank of Belgium
Philipp Hartmann, Deputy Director General Research, European Central Bank
Ryuzo Miyao, Former Member of Board of Directors, Bank of Japan and Professor at Tokyo University
Xavier Ragot, President OFCE, CNRS
Guntram B. Wolff, Former Director
Speakers
Grégory Claeys
Senior Fellow
Marcia De Wachter
Director, National Bank of Belgium
Philipp Hartmann
Deputy Director General Research, European Central Bank
Juan F. Jimeno
Head of the Research Division, Banco de España
Toshiki Jinushi
Dean, Kobe University
Yoichi Matsubayashi
Deputy Dean and Professor, Graduate school of Economics, Kobe University
Ryuzo Miyao
Former Member of Board of Directors, Bank of Japan and Professor at Tokyo University
Rainer Münz
Special adviser on migration and demography at the European Political Strategy Centre (EPSC)
Xavier Ragot
President OFCE, CNRS
Paul Swaim
Senior Economist at EAP Division, OECD
Coen Teulings
Montague Burton Chair of Labour Economics and Industrial Relations, University of Cambridge
Atsuko Ueda
Professor, Waseda University
Natacha Valla
Dean of the School of Management and Innovation, Sciences Po
Guntram B. Wolff
Former Director
Masahiko Yoshii
Professor, Graduate School of Economics of Kobe University
Naoyuki Yoshino
Dean, Asian Development Bank Institute
Location & Contact
Matilda Sevón
[email protected] +32 2 227 4212
