The role of expectations in monetary policy: Evolution of theories and the Bank of Japan's experience | University of Oxford

The role of expectations in monetary policy: Evolution of theories and the Bank of Japan's experience

Speaker
Haruhiko Kuroda, Governor of the Bank of Japan
Event date
Event time
18:45 - 19:45
Venue
Saïd Business School
Park End Street
Oxford
Oxfordshire
OX1 1HP
Event type
Lectures and seminars
Event cost
Free - registration required
Disabled access?
Yes
Booking required
Required

N.B. This event is not yet confirmed; however we expect it to be very popular. Please register your interest and, once confirmed, your registration will be converted into an order.

The Bank of Japan adopted quantitative and qualitative monetary easing; a policy of unprecedented large-scale monetary easing. In the four years since 2013, the economic and price situation in Japan has greatly improved.

In this talk, Governor Kuroda will recount how he was strongly inspired about the importance of expectations in monetary policy by a lecture by Professor Hicks when he studied here at the University of Oxford. He will discuss the latest monetary policy measures in today's banking as well as topics to help central banks to appropriately manage people's inflation expectations and raise the effectiveness of monetary policy in a global low-growth, low-inflation environment.

Mr. Kuroda was Special Adviser to the Cabinet of Prime Minister Junichiro Koizumi, and was also Professor at the Graduate School of Economics of Hitotsubashi University in Tokyo from 2003 to 2005. Born in October 1944, Mr. Kuroda holds a Bachelor of Arts in Law from The University of Tokyo (1967), and a Master of Philosophy in Economics from University of Oxford (1971).

Haruhiko Kuroda was appointed Governor of the Bank of Japan in March 2013 after serving for eight years as President of the Asian Development Bank. Throughout his career at the Ministry of Finance in Japan from 1967, Mr. Kuroda's responsibilities encompassed fields including international finance and national and international tax, as well as duties in the finance minister's office.