Fiscal Sustainability

  • Program and Handouts


 As part of our research exchange, RIETI and the Centre for Economic Policy Research (CEPR) held a joint workshop at RIETI to deepen the understanding of the theme and strengthen research efforts.


  • Time and Date: 13:00 - 17:40, December 10, 2015
  • Venue: RIETI's seminar room #1121 (METI Annex 11th Floor)
  • Hosts: CEPR and RIETI


Facilitator: UENO Toru (Director of International Coordination and Public Relations, RIETI)

Moderator: NAKAJIMA Atsushi (Chairman, RIETI)

13:00-13:10 Opening Remarks

NAKAJIMA Atsushi (Chairman, RIETI)

Richard BALDWIN (Director, CEPR / Professor, Graduate Institute, Geneva)

13:10-13:40 Presentation "Fiscal Sustainability and Self-fulfilling Beliefs"

Presenter: Wouter DEN HAAN (Professor, London School of Economics / Research Fellow, CEPR)


Discussant: FUJIWARA Ippei (Professor, Keio University / Faculty Fellow, RIETI)

13:50-14:10 General Discussion

14:10-14:40 Presentation "Monetary Policy Responsibility for Fiscal Sustainability"

Presenter: Refet GÜRKAYNAK (Professor, Bilkent University / Research Fellow, CEPR)


Discussant: GOTO Yasuo (Senior Fellow, RIETI)

14:50-15:10 General Discussion

15:10-15:30 Coffee break

15:30-16:00 Presentation "Monetary Policy Issues when Public Debts are Large"

Presenter: Stefan GERLACH (Research Fellow, CEPR)


Discussant: UEDA Kenichi (Associate Professor, The University of Tokyo / Faculty Fellow, RIETI)

16:10-16:30 General Discussion

16:30-17:00 Presentation "Austerity"

Presenter: Harris DELLAS (Professor, University of Bern / Research Fellow, CEPR)


Discussant: KOBAYASHI Keiichiro (Professor, Keio University / Faculty Fellow, RIETI)

17:10-17:30 General Discussion

17:30-17:40 Closing Remarks

Richard BALDWIN (Director, CEPR / Professor, Graduate Institute, Geneva)

FUJITA Masahisa (President and CRO, RIETI / Professor, Konan University)