
	Tuesday, August 1
8:30 am	Registration and Coffee
9:00 am	Opening Remarks: John Beirne, Vice-Chair of Research and Senior Research Fellow, Asian Development Bank Institute
9:10 am	Why Aging Induces Deflation and Secular Stagnation (slides) Anton Braun, GRIPS Daisuke Ikeda, Bank of Japan Discussant: Neil Mehrotra, Federal Reserve Bank of Minneapolis
10:10 am	Break
10:40 am	The Economic Dynamics of City Structure: Evidence from Hiroshima's Recovery Kohei Takeda, National University of Singapore Atsushi Yamagishi, Hitotsubashi University Discussant: Lin Tian, INSEAD
11:40 am	Haruhiko Kuroda, Former Governor of the Bank of Japan Fragmentation of the World Economy: Its Causes and Future
12:30 pm	Lunch
1:30 pm	Living in a Ghost Town: The Geography of Depopulation and Aging Elisa Giannone, Centre de Recerca en Economia Internacional (CREI) Yuhei Miyauchi, Boston University Nuno Paixao, Bank of Canada Xinle Pang, SUNY Buffalo Yuta Suzuki, Shanghai Jiao Tong University Discussant: Takaaki Takahashi, University of Tokyo
2:30 pm	Innovation Networks and R&D Allocation Ernest Liu, Princeton University and NBER Song Ma, Yale University and NBER Discussant: Makoto Nirei, University of Tokyo
3:30 pm	Break
4:00 pm	Coming in at a Trickle: The Optimal Frequency of Public Benefit Payments (slides) Cameron LaPoint, Yale University Shogo Sakabe, LMU Munich Discussant: Takashi Unayama, Kyoto University
5:00 pm	Adjourn
6:00 pm	Reception (Food & Drinks) - Sponsored by Unison Capital The Okura Tokyo, 2-10-4 Toranomon, Minato-ku Tokyo 105-0001 Okura Information
	Wednesday, August 2
8:30 am	Coffee
9:00 am	Understanding Cross-Country Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: A Revealed-Preference Approach (slides) Daisuke Fujii, University of Tokyo Taisuke Nakata, University of Tokyo Sohta Kawawaki, University of Tokyo Yuta Maeda, Universtiy of Minnesota Masataka Mori, Middlebury College Discussant: Rainer Kotschy, NBER
10:00 am	Break
10:30 am	Demographic Change, Government Debt and Fiscal Sustainability in Japan: The Impact of Bond Purchases by the Bank of Japan (slides) Gary Hansen, University of California, Los Angeles and NBER Selahattin Imrohoroglu, University of Southern California Discussant: Kosuke Aoki, University of Tokyo
11:30 am	Lunch
1:00 pm	Automation, Concentration, and Labor Share Shinnosuke Kikuchi, Massachusetts Institute of Technology Discussant: Pietro Tebaldi, Columbia University and NBER
2:00 pm	Personal Guarantees on Bank Loans and SMEs' CEO Succession Takeo Hoshi, University of Tokyo Yoko Shibuya, Duke University Discussant: Iichiro Uesugi, Hitotsubashi University
3:00 pm	Adjourn
6:30 pm	Funasei Dinner Cruise Funasei Information
	The ESRI events will take place on August 2 at Asian Development Bank Institute and on August 3 at Akasaka Intercity Conference Center ESRI Event Details
	We are grateful to the Asian Development Bank Institute for its generous assistance and support.

Participants

Ali Akkemik, Fukuoka University
Kosuke Aoki, University of Tokyo
Shiro P. Armstrong, Australian National University
Alan J. Auerbach, University of California, Berkeley and NBER
Mark Bamba, Princeton University
John Beirne, Asian Development Bank Institute
Jennifer Corbett, Australian National University
Takero Doi, Keio University
Charles Evans, Federal Reserve Bank of Chicago
Daisuke Fujii, University of Tokyo
Hiroshi Fujiki, Chuo University
Taiji Furusawa, University of Tokyo
Gary Hansen, University of California, Los Angeles and NBER
Tatsuo Hatta, Asian Growth Research Institute
Fumio Hayashi, National Graduate Institute for Policy Studies
Tomoko Hayashi, Cabinet Office of the Government of Japan
Charles Yuji Horioka, Kobe University and NBER
Takeo Hoshi, University of Tokyo
Kaoru Hosono, Gakushuin University
Hidehiko Ichimura, University of Arizona
Toshiaki Iizuka, University of Tokyo
Daisuke Ikeda, Bank of Japan
Selahattin Imrohoroglu, University of Southern California
Takatoshi Ito, Columbia University and NBER
Tokuo Iwaisako, Hitotsubashi University
Akiko Kamesaka, Aoyama Gakuin University
Shinnosuke Kikuchi, Massachusetts Institute of Technology
Yukinobu Kitamura, Hitotsubashi University
Sagiri Kitao, University of Tokyo
Nobuhiro Kiyotaki, Princeton University and NBER
Keiichiro Kobayashi, Keio University
Junko Koeda, Waseda University
Shinji Koiso, University of Tokyo
Rainer Kotschy, NBER
Haruhiko Kuroda, Bank of Japan
Song Ma, Yale University and NBER
Colin McKenzie, Keio University
Neil Mehrotra, Federal Reserve Bank of Minneapolis
Minamo Mikoshiba, Nagoya University
Hideaki Miyajima, Waseda University
Daisuke Miyakawa, Waseda University
Yuhei Miyauchi, Boston University

Nobuko Nagase, Ochanomizu University
Kanato Nakakuni, University of Tokyo
Taisuke Nakata, University of Tokyo
Shingo Nakazawa, Cabinet Office of the Government of Japan
Makoto Nirei, University of Tokyo
Seki Obata, Keio University
Nobuyuki Oda, Kyorin University
Masao Ogaki, Doshisha University
Kazuo Ogawa, Osaka University
Tsunao Okumura, Yokohama National University
Hiroshi Ono, Hitotsubashi University
Cheol-Soo Park, Kumamoto Gakuen University
Shogo Sakabe, LMU Munich
Mariko Sakakibara, University of California at Los Angeles
Masaya Sakuragawa, Keio University
Yuri Sasaki, Meiji Gakuin University
Jake Schlesinger, United States-Japan Foundation
Miki Seko, Keio University
Yoko Shibuya, Duke University
Hitoshi Shigeoka, Simon Fraser University and NBER
Etsuro Shioji, Hitotsubashi University and TCER
Shigenori Shiratsuka, Keio University
Yuta Suzuki, Shanghai Jiao Tong University
Takaaki Takahashi, University of Tokyo
Kohei Takeda, National University of Singapore
Nozomi Takeda, University of Tokyo
Yosuke Takeda, Aichi University
Akiko Tamura, Hosei University
Pietro Tebaldi, Columbia University and NBER
Lin Tian, INSEAD
Kenichi Ueda, University of Tokyo, CEPR, and TCER
Kozo Ueda, Waseda University
Iichiro Uesugi, Hitotsubashi University
Takashi Unayama, Kyoto University
Emiko Usui, Hitotsubashi University
Tien Manh Vu, Chuo University
Tsutomu Watanabe, University of Tokyo
David Weinstein, Columbia University and NBER
Tomoaki Yamada, Meiji University
Atsushi Yamagishi, Hitotsubashi University
Linus Yamane, Pitzer College
Naohiro Yashiro, International Christian University