15th International Conference | 21-24 March 2019 | Keio University, Tokyo, Japan PRELIMINARY PROGRAM This is a searchable PDF document. To locate a particular participant, type Ctrl F and enter a portion of the individual’s name for whom you are searching. Participating Allied Societies Papers: Central Bank Losses and Monetary Policy Rules: A DSGE Application with US Data *Andre Fourcans, ESSEC Business School, and Jonathan AFEA .......... African Finance and Economics Association Benchimol, Bank of Israel APF ............ Athenian Policy Form Shock Size Matters for US Monetary Policy EAAERE ..... East Asian Association of Environmental and Resource Economics *Toyoichiro Shirota, Hokkaido University ESA ............ Economics Science Association Monetary Policy and Household Balance Sheet Heterogeneity FICA ........... Finance ICT Convergence Association *Xu Zhang, University of California, San Diego IBEFA ......... International Banking, Economics and Finance Association Is Timing Everything?: Ordered Probit Estimation of Monetary Policy ICA CCR ..... International Co-operative Alliance Committee on Co- Reaction Functions Using Real-Time Data operative Research *Kristin A. Van Gaasbeck, California State University, Sacramento IEFS ........... International Economics and Finance Society Discussants: Toyoichiro Shirota, Hokkaido University KAEA ......... The Korea-America Economic Association Xu Zhang, University of California, San Diego NAASE ....... North American Association of Sports Economists Kristin A. Van Gaasbeck, California State University, Sacramento PES ............ Philippine Economic Society Andr Fourcans, ESSEC Business School SABE .......... Society for the Advancement of Behavioral Economics TAIOS ........ Taiwan Association of Input-Output Studies [4] Thursday, March 21 @ 2:45 PM–4:30 PM Contemporary Economic Policy ECONOMETRICS AND MEASUREMENTS [1] Thursday, March 21 @ 1:00 PM–2:15 PM Organizer(s): Jack W. Hou, California State University, Long Beach, Keynote Address and Huazhong University of Science and Technology ALTERNATIVE WAYS OF MEASURING AGE AND THEIR Chair: Liang Shao, Henan University CONSEQUENCES Papers: Is the Cost of a Safer Banking System Lower Economic Introduction: Peter A. Diamond, Massachusetts Institute of Activity? Technology *Paul-Olivier Klein, University of Aberdeen, and Rima Turk, IMF Address: John B. Shoven, Stanford University Institute The First Moment and Estimation of Single-Parametric Lorenz [2] Thursday, March 21 @ 2:45 PM–4:30 PM Functions Volunteer Individual *Liang Shao, Henan University MARKET STABILITY Spatial Colocation of University and Firm Innovation Chair: Javier M. Pereira, Hamilton College *Yang Chen, Xi'an Jiaotong-Liverpool University Papers: Central Bank Communication on Inflation Target: The Value Corporate Social Responsibility and Investment Efficiency: Evidence of Information under Unknown Priors from China *Tatsushi Okuda, Bank of Japan *Yujing Gong, Zhongnan University of Economics and Law Economic Policy Uncertainty, Risk and Stock Returns: Evidence from Discussants: Liang Shao, Henan University Major Industrial Markets Qingmin Hao, Tianjin University *Thomas C. Chiang, Drexel University Yujing Gong, Zhongnan University of Economics and Law Tax Evasion and Financial Development under Asymmetric Paul-Olivier Klein, University of Aberdeen Information in Credit Markets *Fu-Sheng Hung, National Chengchi University, Taiwan, and Jang- [5] Thursday, March 21 @ 2:45 PM–4:30 PM Ting Guo, University of California, Riverside Volunteer Individual Market Stability with Machine Learning Agents INDUSTRIAL ORGANIZATION AND INTERNATIONAL TRADE *Javier M. Pereira, Hamilton College, and Christophre Georges, Chair: Wesley W. Wilson, University of Oregon Hamilton College Papers: The Impact of Technology Level on Global Value Chain Discussants: Thomas C. Chiang, Drexel University Formation Fu-Sheng Hung, National Chengchi University, Taiwan *Duong Lam Anh Tran, University of Tsukuba, and Ivan Javier M. Pereira, Hamilton College Deseatnicov, National Research University Higher School of Tatsushi Okuda, Bank of Japan Economics, Russia Optimal Strategies for Introduction of Quality Certification System [3] Thursday, March 21 @ 2:45 PM–4:30 PM *Eui-hyun Ha, Sungkyunkwan University Volunteer Individual Is Price Undertaking a More Friendly Protection Policy than Anti- MONETARY POLICY EFFECTS dumping Duty? Chair: Kristin A. Van Gaasbeck, California State University, *Kuo Feng Kao, Tamkang University, and Hong Hwang, National Sacramento Taiwan University 1/21/19 (subject to change) * indicates paper presenter Page 1 Tourism Specialization across Qualities in Europe *Takero Doi, Keio University, and Hiroshi Katagi, Keio University *Sylvain Petit, University of French Polynesia Local Fiscal Multiplier in Ageing Japan Discussants: Eui-hyun Ha, Sungkyunkwan University *Shunichiro Bessho, Keio University Kuo Feng Kao, Tamkang University Discussants: Hisahiro Naito, University of Tsukuba Sylvain Petit, University of French Polynesia Shunichiro Bessho, Keio University Duong Lam Anh Tran, University of Tsukuba Kimiko Terai, Keio University Nobuo Akai, Osaka University [6] Thursday, March 21 @ 2:45 PM–4:30 PM Volunteer Individual [10] Thursday, March 21 @ 2:45 PM–4:30 PM CORPORATE CAPITAL STRUCTURE DECISIONS Volunteer Individual Chair: Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan CHILDHOOD HEALTH ISSUES Papers: The Tax Consequences of Corporate Pension Management Chair: Mitzie Irene Conchada, De La Salle University Strategies Papers: Effects of Universal Early Childhood Education on Adolescent Tomoki Kitamura, Tohoku Gakuin University, and *Kozo Omori, Behavioral Outcomes Osaka University of Economics *Michihito Ando, Rikkyo University, Hiroaki Mori, Hitotsubashi Kalecki's Principle of Increasing Risk Violated: The Flow Collateral of University, and Shintaro Yamaguchi, McMaster University Cash Flow and Free Cash Do Childhood Conduct Problems Predict Negative Outcomes in *Craig A. Medlen, Menlo College, and Zelin Chen, Guangzhou Adolescence? A Canadian Study Finance Holdings Group Co., LTD., China *Weiqiu Yu, University of New Brunswick, Hepsi Swarna, R&D Investment and Capital Structure Decisions University of New Brunswick, and Philip S. J. Leonard, University *Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan, and of New Brunswick Chia Hui Huang, Aletheia University Inequality, Relative Income and Newborn Health Discussants: Craig A. Medlen, Menlo College *Florencia Borrescio-Higa, Universidad Adolfo Ibanez Tony Chieh-Tse Hou, National Dong Hwa University, Taiwan Teenage Pregnancy and Missed Opportunities: Understanding the Tomoki Kitamura, Tohoku Gakuin University Impact of Early Childbearing in the Philippines *Mitzie Irene Conchada, De La Salle University [7] Thursday, March 21 @ 2:45 PM–4:30 PM Discussants: Weiqiu Yu, University of New Brunswick Contemporary Economic Policy Florencia Borrescio-Higa, Universidad Adolfo Ibanez ECONOMICS OF TAIWAN AND CHINA 1 Mitzie Irene Conchada, De La Salle University Organizer(s): Jr-Tsung Huang, National Chengchi University, Taiwan, Michihito Ando, Rikkyo University and Jack W. Hou, California State University, Long Beach, and Huazhong University of Science and Technology [11] Thursday, March 21 @ 2:45 PM–4:30 PM Chair: Jr-Tsung Huang, National Chengchi University, Taiwan Volunteer Individual Papers: Can Party Alternation of Local Governor's Election Improve EDUCATION, PENSIONS, AND LABOR MARKETS Fiscal Performance of Local Government in Taiwan? Chair: Jaeun Shin, KDI School of Public Policy and Management *Jr-Tsung Huang, National Chengchi University, Taiwan, and Jia- Papers: Evaluating the Impact of 20 Hours Free Early Childhood Jun Tseng, National Chengchi University, Taiwan Education on Women's Labour Market Participation A Study of Cigarettes Consumption in Taiwan: The Quantile *Gail A. Pacheco, Auckland University of Technology Regression Approach The Impact of School Tracking and Peer Quality on Student *Vance Kuang-Ta Lo, National Chengchi University, Taiwan, Achievement: Regression Discontinuity Evidence from Thailand Stephanie Tsui, City University of Hong Kong, and Pei-Yuan Chao, *Meradee Tangvatcharapong, Texas A&M University, College National Chengchi University, Taiwan Station The Stewardship Role of Conservatism in the Presence of Hidden- Amendment of the National Curriculum for High School, and Information and Hidden-Action Problems Changes in the Effects of the National Curriculum on Outcomes in *Pei-Cheng Liao, National Taiwan University, Guang Ma, National Japan University of Singapore, and Suresh Radhakrishnan, University of *Ryosuke Nakamura, Fukuoka University Texas at Dallas The Basic Senior Pension Benefit and Work Incentives of the Elderly Discussants: Pei-Cheng Liao, National Taiwan University in Korea Jr-Tsung Huang, National Chengchi University, Taiwan *Jaeun Shin, KDI School of Public Policy and Management Vance Kuang-Ta Lo, National Chengchi University, Taiwan Discussants: Meradee Tangvatcharapong, Texas A&M University, College Station [9] Thursday, March 21 @ 2:45 PM–4:30 PM Ryosuke Nakamura, Fukuoka University Individually Organized Jaeun Shin, KDI School of Public Policy and Management LOCAL PUBLIC FINANCE AND POLITICAL ECONOMY Gail A. Pacheco, Auckland University of Technology Organizer(s): Takero Doi, Keio University Chair: Kimiko Terai, Keio University [12] Thursday, March 21 @ 2:45 PM–4:30 PM Papers: Strategic Intertemporal Budget Allocation of the Local Volunteer Individual Government in