HSI2025 – the 11th Hitotsubashi Summer Institute
The Research Center for Global Economic Systems (GLECS) is planning to host the Hitotsubashi Summer Institute (HSI) 2025 through its three projects.
For more details on each event, please refer to the information below.
Upcoming Events
HSI2025: Microeconomic Theory
| Date & Time | July 12 (Sat) 13:30-17:40 July 13 (Sun) 9:20-18:00 |
| Venue | Conference Room, Mercury Tower 7th floor, Hitotsubashi University Kunitachi Campus [Campus Map No.34] [Directions to Kunitachi Campus] |
| Program | Session 1: Beliefs, Preferences, and Social Cooperation Chair: Norio Takeoka (Hitotsubashi University)Presentation 1 “Revealed Reciprocity”[abstract]Speaker: Paul H. Y. Cheung (University of Texas at Dallas)Presentation 2 “Population Dynamics of Conspiracy Thinking” [abstract]Speaker: Daiki Kishishita (Hitotsubashi University)Presentation 3 “Fixed Population Consistency and Characterization of the ELS Values”Speaker: Yukio Koriyama (Ecole Polytechnique)Session 2: Information Economics Chair: Hendrik Rommeswinkel (Hitotsubashi University)Presentation 4 “Social Value of Public Information in Large Network Games” [abstract] Speaker: Kota Murayama (Chinese University of Hong Kong)Presentation 5 “Strategic Information Transmission with Informed Player’s Veto” [abstract] Speaker: Tomoki Tsujita (Kobe University)Presentation 6 “Foot-in-the-Door and Door-in-the-Face: An Imperfect Memory Approach” Speaker: Toru Suzuki (University of Technology Sydney) (co-organized by Hitotsubashi University International Seminars)
Session 3: Market Design Presentation 7 Presentation 8 Presentation 9
*Click here to view the HSI2025 program on Google Spreadsheet. |
| Language | English |
| Registration | Click HERE to register.
*Advance registration deadline for the luncheon and reception: Friday, June 27, at 1:00 PM Regardless of the above deadline, registration for conference participation only is available until Tuesday, July 8, at 1:00 PM. |
| Participation fee | Free |
| Organizers | Norio Takeoka (Graduate School of Economics, Hitotsubashi University) Nozomu Muto (Graduate School of Economics, Hitotsubashi University) Kaname Miyagishima (Graduate School of Economics, Hitotsubashi University) Hendrik Rommeswinkel (Graduate School of Economics, Hitotsubashi University) Daiki Kishishita (Graduate School of Economics, Hitotsubashi University) |
HSI2025: Macroeconomic Policies
A JER-HIAS-Kakenhi Joint Conference, “Macroeconomics and Japan’s Reality: Effects of Monetary and Fiscal Policies”
| Date & Time | August 24 (Sun) – 25 (Mon) |
| Venue | Josuikai Centennial Hall (如水会百周年記念インテリジェントホール), Hitotsubashi University West Campus [*Campus Map No.6] [Directions to Kunitachi Campus] |
| Program
Format: Presentation (25 min.) + Discussant (15) + Q&A (15) |
Day 1, August 24 (Sun)
Opening Remark: 10:15-10:20 (Etsuro Shioji, tentative)
[Session 1: Financial Sector] Chair: TBA Paper1: 10:20-11:15 “Market Functioning in the Japanese Corporate Bond Market” (joint with Kaori Ochi) Mitsuhiro Osada (Bank of Japan) Discussant: Daisuke Miyakawa (Waseda University)
Paper 2: 11:20-12:15 “Impact of quantitative easing on bank lending to different industries or sectors” Qing-Yuan Sui (Yokohama City University) Discussant: Yukihiro Yasuda (Hitotsubashi University)
[Session 2: Demand for Cash] Chair: TBA Paper 3: 13:35-14:30 “Cash Demand and Demographic Changes in Japan” Hiroshi Fujiki (Chuo University) Discussant: Naoki Wakamori (Keio University)
[Session 3: Demand for Reserves and Quantitative Tightening] Chair: TBA Paper 4: 14:50-15:45 “Toward a Guidepost for Quantitative Tightening: The Case of the Bank of Japan” Shigenori Shiratsuka (Keio University) Discussant: Takeshi Osada (Saitama University)
Paper 5: 15:50-16:45 “Reversal of the BoJ’s Balance Sheet Policy and Liquidity Dependence” (joint with Takeshi Osada) Hiroshi Ugai (Japan Science and Technology Agency) Discussant: Iichiro Uesugi (Hitotsubashi University)
[Session 4: Business Cycles in Japan] Chair: TBA Paper 6: 17:05-18:00 “Bayesian Analysis of Business Cycles in Japan by Extending the Markov Switching Model” Toshiaki Watanabe (Hitotsubashi University) Discussant: Jouchi Nakajima (Hitotsubashi University)
[Reception] 18:00-20:00 Discussion and Comments: Toshiaki Watanabe (Hitotsubashi University)
*** Day 2, August 25 (Mon) [Session 5: Exit Strategy] Chair: Hiroshi Morita (Institute of Science Tokyo) Paper 7: 9:30-10:25 “Good Luck or Not: Bank of Japan’s Monetary Policy” (joint with Yuki Teranishi) Kohei Hasui (Aichi University) Discussant: Taisuke Nakata (University of Tokyo)
[Session 6: Inflation and Monetary Policy] Chair: Naoko Hara (Seikei University) Paper 8: 10:45-11:40 “Macroeconomic Effects of Unconventional Monetary Policy in Japan: Analysis Using Narrative Sign Restrictions” (joint with Shumpei Fujita and Hirokuni Iiboshi) Mototsugu Shintani (University of Tokyo) Discussant: Tomoo Inoue (Seikei University)
Paper 9: 11:45-12:40 “How Did People Tweet against Inflation in Japan?” (joint with Tetsuro Wada) Toshitaka Sekine (Hitotsubashi University) Discussant: Tsutomu Watanabe (University of Tokyo)
[Session 7: Deficits (1)] Chair: TBA Paper 10: 14:00-14:55 “Fiscal Inflation in Japan: The Role of Unfunded Fiscal Shocks” Takeki Sunakawa (Hitotsubashi University) Discussant: Takuji Fueki (Hitotsubashi University)
[Session 8: Deficits (2)] Chair: Markus Heckel (German Center for Research and Innovation (DWIH) Tokyo) Paper 11: 15:15-16:10 “An asset pricing interpretation of Japan’s chronic and huge fiscal deficits” Makoto Saito (Kokugakuin University) Discussant: Toshitaka Sekine (Hitotsubashi University)
Paper 12: 16:15-17:10 “Low Interest Rates, Growth, and Sustainable Fiscal Policies” (joint with Yukie Sakuragawa) Masaya Sakuragawa (Emeritus, Keio University) Discussant: Etsuro Shioji (Chuo University / HIAS) [Closing Remark and Information for the Authors] Etsuro Shioji |
| Registration | To begin soon |
| Language | English |
| Participation fee | Free |
| Notes | (1) Papers presented at this conference will be considered for publication in a special issue of the Japanese Economic Review titled “Macroeconomics and Japan’s Reality”.
(2) This conference is financially supported by:
(3) Organizers
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HSI2025: Economic Development
Details to be announced
