DIJ research fellows Susanne Brucksch and Markus Heckel will participate in the 32nd Annual Meeting of the Society for the Advancement of Socio-Economics (SASE). This year’s meeting will be held online from July 18-21.
Susanne will participate as a discussant in the Roundtable “Economy, Society, Polity: Global and National Health(care) Lessons from the Covid-19 Pandemic”. She will also present her paper “Innovation Activities through Medtech Partnerships in Japan?” which highlights current efforts to increase medtech partnerships, cluster policies and matching-hubs to cross disciplinary and organizational boundaries and to encourage innovation activities in the field of medical devices in Japan.
Markus will present two papers: “Deflation – Lessons from the Japanese Experience”, co-authored with DIJ director Franz Waldenberger, applies the quantity theory of money and international arbitrage conditions. It suggests that expansionary monetary policies are very limited in fighting deflation in Japan. Markus’ paper “Central Bank Communication under Unconventional Monetary Policy: The Bank of Japan during Times of Crisis” analyzes the monetary policy and central bank communication of the Bank of Japan during 2003-2019 with a focus on the global financial crises and the Fukushima nuclear disaster. Results show that the complexity of monetary policy can be reduced to forms of “general” monetary policy with quantitative easing and short-term liquidity emergency measures used in crisis times.