Agenda

16–17 July 2025 | Seoul, Republic of Korea

Day 1: 16 July 2025, Wednesday

8:30 am – 9:10 am	Registration and coffee
9:10 am – 9:15 am	Welcome Remarks Jae Won Lee, Chief Economist and Deputy Governor, Bank of Korea (BOK)
9:15 am – 9:45 am	Keynote Speech Chang Yong Rhee, Governor, BOK “Post-Pandemic Monetary Policy in Korea: Toward an Integrated Policy Framework"
9:45 am – 9:50 am	Group photo
9:50 am – 10:10 am	Coffee break
Session 1 Chair: JOHN BEIRNE, Principal Economist, Asian Development Bank (ADB)
10:10 am – 10:35 am	Public spending and inclusive growth: A cross-country empirical analysis Gazi Salah Uddin, Full Professor, Linköping University
10:35 am – 10:45 am	Virtual Discussant: Josef Yap, Senior Research Fellow, Ateneo Policy Center
10:45 am – 11:00 am	Open Discussion
11:00 am – 11:25 am	Public Investment Quality and Sovereign Risk Amat Adarov, Senior Economist, The World Bank
11:25 am – 11:35 am	Virtual Discussant: Hyun-A Kim, Executive Director/Senior Fellow, Korea Institute of Public Finance
11:35 am – 11:50 am	Open Discussion
11:50 am – 1:30 pm	Lunch break at Conference Hall B
Session 2 Chair: YOONSOO LEE, Professor, Sogang University
1:35 pm – 2:00 pm	Time-varying Effects of Monetary Policy Shocks in Five Asian Countries Joonyoung Hur, Associate Professor, Sogang University
2:00 pm – 2:10 pm	Virtual Discussant: Hwee Kwan Chow, Professor, Singapore Management University
2:10 pm – 2:25 pm	Open Discussion
2:25 pm – 2:50 pm	The Effects of Monetary Policy Shocks on Inflation Heterogeneity and Transmission Channels: Evidence from Korea Seolwoong Hwang, Economist, Economic Research Institute, BOK
2:50 pm – 3:00 pm	Virtual Discussant: Juthathip Jongwanich, Associate Professor, Thammasat University
3:00 pm – 3:15 pm	Open Discussion
3:15 pm – 3:35 pm	Coffee break
Session 3 Chair: DONGHYUN PARK, Economic Advisor (Strategic Knowledge Initiatives), ADB
3:40 pm – 4:05 pm	Effects of Government Spending Shocks by Household Indebtedness: An OECD Panel Analysis Yeil Lee, Economist, Economic Research Institute, BOK
4:05 pm – 4:15 pm	Virtual Discussant: Akiko Terada-Hagiwara, Principal Country Specialist, ADB
4:15 pm – 4:30 pm	Open Discussion
4:30 pm – 4:55 pm	Dynamic Effects of Fiscal Rules: Do Initial Conditions Matter? Bram Gootjes, Economist, The World Bank
4:55 pm – 5:05 pm	Virtual Discussant: Zidong An, Professor of Economics, Renmin University of China
5:05 pm – 5:20 pm	Open Discussion
5:20 pm – 5:25 pm	Announcements
6:30 pm	Welcome Dinner Diamond Hall, 22F, The Plaza Seoul Autograph Collection Hotel

Day 2: 17 July 2025, Thursday

8:40 am – 9:25 am	Registration
9:25 am – 9:30 am	Welcome Remarks John Beirne, Principal Economist, ADB
9:30 am – 10:00 am	(Virtual) Keynote Speech Sayuri Shirai, Professor of Economics, Keio University (former Board Member, Bank of Japan) “Macroeconomic Policy Coordination for Climate Action in Developing and Emerging Asia”
10:00 am – 10:20 am	Open Discussion
Session 4 Chair: JOSHUA AIZENMAN, Dockson Chair in Economics and International Relations, University of Southern California
10:25 am – 10:50 am	The Economic Impact of Fiscal Policy Uncertainty: Evidence from a New Cross-Country Database Anh Dinh Minh Nguyen, Economist, International Monetary Fund
10:50 am – 11:00 am	Discussant: Eseul Choi, Economist, Economic Research Institute, BOK
11:00 am – 11:15 am	Open Discussion
11:15 am – 11:30 am	Coffee Break
11:35 am – 12:00 pm	Public Spending, Private Gains: The Gendered Impact of Exogenous Fiscal Policy Shocks Joao Jalles, Professor of Economics, University of Lisbon
12:00 pm – 12:10 pm	Discussant: Boreum Kwak, Economist, Economic Research Institute, BOK
12:10 pm – 12:25 pm	Open Discussion
12:25 pm – 2:00 pm	Lunch Break at Conference Hall B
Session 5 Chair: INHWAN SO, Head of International Economic Studies, BOK
2:00 pm – 2:25 pm	Fiscal Rules for China: Lessons from Europe Yothin Jinjarak, Senior Economist, ADB
2:25 pm – 2:35 pm	Virtual Discussant: Yi Huang, Special Adviser to the Chief Representative Asia and the Pacific, Bank for International Settlements
2:35 pm – 2:50 pm	Open Discussion
2:50 pm – 3:15 pm	Beyond Borders: Spillover Effects of US Monetary Policy on the Financial Stress of Emerging Market Economies Rudra Sensarma, Professor, Indian Institute of Management
3:15 pm – 3:25 pm	Virtual Discussant: Gabriele Ciminelli, Economist, ADB
3:25 pm – 3:40 pm	Open Discussion
3:40 pm – 3:55 pm	Coffee Break
4:00 pm – 4:25 pm	Global shocks, institutional development, and trade restrictions: What can we learn from crises and recoveries between 1990 and 2022? Jamel Saadaoui, Full Professor, Paris 8 University
4:25 pm – 4:35 pm	Virtual Discussant: Shu (Grace) Tian, Principal Economist, ADB
4:35 pm – 4:50 pm	Open Discussion
4:50 pm – 5:00 pm	Closing Remarks In Do Hwang, Head and Deputy Director General, Economic Research Institute, BOK
6:00 pm	Farewell Dinner Ruby Hall, 22F, The Plaza Seoul Autograph Collection Hotel