Recently, the unpredictability and uncertainty of the future of the global economy have raised the concerns of both policymakers and researchers. Focusing on the relationship between uncertainty and firms, we held an international workshop with overseas researchers including those from Stanford University and the University of Chicago. Using various firm- and plant-level surveys and keywords from newspapers and selected documents, the presented studies construct micro-level uncertainty measures and indexes and examine the impacts of uncertainty on firm activities and performance. The intent of this workshop is to deepen the understanding of the theme and strengthen international collaboration between RIETI and overseas institutions.
- Time and Date: 9:50-18:00, April 18, 2018
- Venue: RIETI's seminar room #1121 (METI Annex 11th Floor)
- Language: English
- Host(s): Research Institute of Economy, Trade and Industry (RIETI) / JSPS KAKENHI (B) (Grant Number: 17H02531)
9:50-10:00 Opening Remarks
YANO Makoto (RIETI)
10:00-12:30 Session 1
TODO Yasuyuki (Waseda U.)
10:00-10:50 "Business Level Expectations and Uncertainty"
Nicholas BLOOM (Stanford U.)
10:50-11:40 "Policy Uncertainty in Japan"
Steven DAVIS (U. of Chicago)
11:40-12:30 "The Effects of Firm Uncertainty on Economic Activity: New Evidence from One Million Documents"
Kyle HANDLEY (U. of Michigan)
13:30-15:50 Session 2
Willem THORBECKE (RIETI)
13:30-14:10 "Uncertainty over Working Schedules: From the Viewpoint of Labor Management"
MORIKAWA Masayuki (RIETI)
14:10-14:50 "Using Newspaper Text to Quantify Geopolitical Uncertainty"
ITO Arata (RIETI)
14:50-15:30 "The New Survey of Corporate Activities and Uncertainty: First Results"
SENGA Tatsuro (RIETI / Queen Mary University of London)
15:30-15:50 Coffee break
15:50-17:50 Session 3
TOMIURA Eiichi (RIETI / Hitotsubashi U.)
15:50-16:30 "Uncertainty, Imperfect Information and Learning in the International Market"
Cheng CHEN (U. of Hong Kong)
16:30-17:10 "Factor-biased Multinational Production"
Chang SUN (U. of Hong Kong)
17:10-17:50 "Production Chains, Exchange Rate Shocks and Firm Performance"
Hongyong ZHANG (RIETI)
17:50-18:00 Closing Remarks
NAKAJIMA Atsushi (RIETI)