開催案内
不動産市場と経済全体とはさまざまな形で相互に連関しており、日本における不動産バブルの生成と崩壊、米国におけるサブプライムローン問題の顕在化と金融危機、それに続く長期低迷は、不動産市場の変調が実体経済に及ぼす影響の大きさを示しています。今回の国際ワークショップでは、不動産市場とマクロ経済との関係に焦点を当て、(1)日本や中国の不動産市場における価格変動、(2)不動産を含むバブルと経済との連関、(3)高齢化が不動産や財・サービス価格に及ぼす影響、(4)家計や企業にとっての不動産の役割、に関する研究発表と、政策担当者を交えた議論を行います。
イベント概要
- 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)
