We are pleased to announce the 28th Macro Conference, which will be held at Hitotsubashi Hall, Hitotsubashi University, on Saturday, November 7 (12:55-18:00), and Sunday, November 8 (9:30-15:45), 2026.

Please visit the following websites for the program and other information, and register in advance. Participation for only one day is also possible.

Conference website:
https://sites.google.com/r.hit-u.ac.jp/28thannualmacroconference/

Program:
https://sites.google.com/r.hit-u.ac.jp/program-28th-macroconference

Registration form:
https://forms.gle/Xxy4RJj94Dcz3bFd8

Registration deadline: Wednesday, October 28, 2026

We look forward to your participation.

The Secretariat, 28th Macro Conference
Institute of Economic Research, Hitotsubashi University

The 28th Macro Conference on November 7th and 8th, 2026.
CALL FOR PAPERS
Please note that the deadline for paper submissions is Friday, September 11th 2026. (Japan time)

New discussion paper uploaded
DP26-11 Commensurability in Hedonic Price Indices: Axiomatic Foundations and The Necessity of Log Transformations
(Naohito Abe and DS Prasada Rao)

New discussion papers uploaded

DP26-7 Quality Adjustment, Hedonic Regressions and the Extension Problem
( W. Erwin Diewert and Chihiro Shimizu)

DP26-8   Measuring the Services of Durables and Owner Occupied Housing: A Unified Framework and Forty Years of Tokyo Evidence
(W. Erwin Diewert and Chihiro Shimizu)

DP26-9  Vintage Depreciation, User Costs, and Total Factor Productivity: Theory and Identification for Real Estate Capital
(Chihiro Shimizu)

DP26-10 The Last Broker Information Externalities, Tipping Points, and Housing Market Death
(Chihiro Shimizu)

New discussion papers uploaded

DP26-2 Too Many Houses, Too Few People: Demographic Optimism, Housing Oversupply, and Falling House Prices across Advanced Economies
(Yongheng Deng, Tomoo Inoue, Kiyohiko Nishimura and Chihiro Shimizu)

DP26-3 Aging and the Price Level: Irreversible Capital, Demographic Transitions, and the Shifting Phillips Curve
(Yongheng Deng, Tomoo Inoue, Kiyohiko Nishimura and Chihiro Shimizu)

DP26-4 Information Disclosure and Welfare in Housing Markets
A Search-Theoretic Framework with Endogenous Participation and Broker Exit
(Chihiro Shimizu)

New discussion paper uploaded

DP25-2 To Log or not to Log? Proportionality in Time-Dummy Hedonic Price Indexes
(Naohito Abe and DS Prasada Rao)

New discussion paper uploaded

DP25-2 Credit Market Tightness and Zombie Firms: Theory and Evidence
(Masashige Hamano, Philip Schnattinger, Mototsugu Shintani, Iichiro Uesugi and Francesco Zanetti)