Hitotsubashi-RIETI International Workshop on Real Estate and the Macro Economy




  • 日時:2017年12月14日(木)〜15日(金)
  • 会場:独立行政法人経済産業研究所

Program (Thursday, December 14)

10:00 Registration

10:30 Opening Remarks

NAKAJIMA Atsushi (Chairman, RIETI)

UESUGI Iichiro (Hitotsubashi University and RIETI)

10:45-12:15 Session 1

Chair: HOSONO Kaoru (Gakushuin University)

10:45-11:30 "Disentangling the Effect of Housing on Household Stock Holdings: Evidence from Japanese micro data"

Presenter: ONO Arito (Chuo University)

Discussant: SEKO Miki (Musashino University and Keio University)

11:30-12:15 "Housing Wealth Effects in Japan: Evidence based on household micro data"

Presenter: HORI Masahiro (Cabinet Office)

Discussant: YOSHIDA Jiro (Pennsylvania State University)

12:15-13:30 Lunch

13:30-15:00 Session 2

Chair: MIYAKAWA Daisuke (Hitotsubashi University)

13:30-14:15 "Decompositions of Spatially Varying Quantile Distribution Estimates: The Rise and Fall of Tokyo House Prices"

Presenter: Dan MCMILLEN (University of Illinois, Urbana-Champaign)

Discussant: MUTO Sachio (Ministry of Land, Infrastructure, Transport, and Tourism)

14:15-15:00 "Change in the Distribution of Sale/Rental Prices: Comparison of Beijing and Tokyo"

Presenter: Xiangyu GUO (National University of Singapore)

Discussant: MIYOSHI Yoshiyuki (Ministry of Land, Infrastructure, Transport, and Tourism)

15:00-15:30 Coffee Break

15:30-17:45 Session 3

Chair: UCHIDA Hirofumi (Kobe University)

15:30-16:15 "Depreciation in Commercial Property"

Presenter: YOSHIDA Jiro (Pennsylvania State University)

Discussant: Dan MCMILLEN (University of Illinois, Urbana-Champaign)

16:15-17:00 "Weekly Hedonic House Price Indices and the Rolling Time Dummy Method: An Application to Sydney and Tokyo"

Presenter: Robert HILL (Institute of Economics, University of Graz)

Discussant: ABE Naohito (Hitotsubashi University)

17:00-17:45 "Alternative Land Price Indexes for Commercial Properties in Tokyo"

Presenter: SHIMIZU Chihiro (Nihon University)

Discussant: Robert HILL (Institute of Economics, University of Graz)

Program (Friday, December 15)

9:30 Registration

9:45-12:10 Session 4

Chair: SHIMIZU Chihiro (Nihon University)

9:45-10:30 "Collateral Channel versus Bank Lending Channel: Evidence from a massive earthquake"

Presenter: UESUGI Iichiro (Hitotsubashi University and RIETI)

Discussant: Seow Eng ONG (National University of Singapore)

10:30-11:15 "Aging and Property Prices: Evidence from diverse economies"

Presenter: INOUE Tomoo (Seikei University)

Discussant: YUKUTAKE Norifumi (Nihon University)

11:25-12:10 "Recurrent Bubbles, Economic Fluctuations, and Growth"

Presenter: JINNAI Ryo (Hitotsubashi University)

Discussant: SAKURAGAWA Masaya (Keio University)

12:15 Concluding Remarks

SHIMIZU Chihiro (Nihon University)