The Current Issues in the Japanese Economy

Schedule and Readings

Ryoichi Imai

imryoichi@isc.kyushu-u.ac.jp

International Student Center, Kyushu University

2003/06/10

Schedule

4/10: Introduction; 1st Homework

4/17: Lecture

4/24: Lecture, 1st Homework Due

5/01: Lecture; 

5/08: Review of the 1st Homework

5/15: Lecture, 2nd Homework

5/22: Class cancelled due to the Field Study Trip.

5/29: Students' Presentation (Stiglitz, Caballero-Kashyap) 2nd Homework Due.

Natalie, Jeffrey

6/05: Students' Presentation (Auerbach - Kotlikoff).

Egle.

6/12: (Two meetings)

Students' Presentation (Bernanke). Ludo and Jeff.

Review of the 2nd Homework.

Lecture. Make-up for 5/22. 3rd Homework.

6/19: Students' Presentation (Krugman), 3rd Homework.

Hide, Tomo

6/26: Students' Presentation (Caballero) Jeff.

3rd Homework. Due. Final Homework.

7/03: Lecture,

7/10: Review of the 3rd Homework. Review of the Course.

7/14 (Monday): Final Homework Due.

Readings for Students' Presentation, in order of presentation, with the number of presenters in ().

Auerbach and Kotlikoff (2002), "What Japan Must Do". (1)

Bernanke (1999), "Japanese Monetary Policy: A Case of Self-Induced Paralysis?" (2)

Caballero (1999), "Stock Market Interventions: An Update". (2)

Caballero and Kashyap (2002), "Japan's Indian Summer", WSJ online. (1)

Krugman (2000), "Thinking about the Liquidity Trap" Journal of the Japanese and International Economies, 14, 221-237. (2)

Stiglitz (2003), "Nobel Prize winner backs weak yen," Nikkei Net Interactive. (1)

List of Homework Readings

Krugman (1998), A Short Course in Miracles: Asia before the Crisis, Ch. 2 of The Return of Depression Economics.

Fukao (2002), Financial Sector Profitability and Double-Gearing Version of October 30, 2002, replacing the version of February 25, 2002

Hoshi and Kashyap (2001), Benefits and Costs of Keiretsu Financing, in Corporate Financing and Governance in Japan, MIT Press.