Frédéric Mitterrand is the French Minister of Culture and Communication. Throughout his career, he has been an actor, screenwriter, television presenter, writer, producer and director.

Sponsored by The France-Stanford Center for Interdisciplinary Studies, The San Francisco French Consulate, The Stanford Humanities Center and The Europe Center at the Freeman Spogli Institute, Stanford University.

The Japanese economy has been stagnating for almost two decades. During this event, Takeo Hoshi will describe the findings of a report that he co-authored with Anil Kashyap of the Booth School of Business at the University of Chicago, the National Bureau of Economic Research (NBER), and the Federal Reserve Bank of Chicago. In the report, Hoshi and Kashyap utilized the neoclassical growth model in order to try to explain the causes of this stagnation and to identify policy choices that might help restore growth. Their focus was intentionally on longer-term issues, rather than the immediate challenges that are associated with the fallout from the global recession.

Looking at financial globalization and the collapse of the fixed exchange rate regime they found that by the end of the 1970s Japan could not rely on an undervalued currency to boost its exports. It had to rearrange its production system and other economic institutions to cope with globalization to reduce its reliance on external demand.

Japan's population structure was shifting and becoming increasingly elderly. Aging meant slower growth of the labor force. Declining fertility combined with aging eventually reduced the domestic saving that supported economic expansion during the rapid economic growth period.

Finally, monetary and fiscal policy performed poorly. The Bank of Japan consistently undershot its inflation objective. The government pursued massive fiscal stimulus during the 1990s and 2000s, so much so that Japan went from having the best debt position amongst advanced economies to the worst.

Hoshi is a Pacific Economic Cooperation Professor in international economic relations at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He is also a research associate at the Tokyo Center for Economic Research, and is on the board of directors for Union Bank. His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.

He is a recipient of the 2011 Reischauer International Education award, the 2006 Enjoji Jiro Memorial Prize, and the 2005 JEA-Nakahara Prize. Among his many publications is Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), which received the Nikkei Award for the Best Economics Books in 2002.

Karen Alter's current research investigates how the proliferation of international legal mechanisms is changing international relations.  Her book in progress, The New Terrain of International Law: International Courts in International Politics provides a new framework for comparing and understanding the influence of the twenty-four existing international courts, and for thinking about how different domains of domestic and international politics are transformed through the creation of international courts.     

Alter is author of The European Court's Political Power (Oxford University Press, 2009), and Establishing the Supremacy of European Law: The Making of an International Rule of Law in Europe. (Oxford University Press, 2001) and more than forty articles and book  chapters on the politics of international law and courts.  Recent publications investigate the politics of international regime complexity,  how delegation of authority to international courts reshapes domestic and international relations, and politics in the Andean Community's legal system.

Professor Alter teaches courses on international law, international organizations, ethics in international affairs, and the international politics of human rights at both the graduate and undergraduate levels.

Alter has been a German Marshall Fund Fellow, a Howard Foundation research fellow and an Emile Noel scholar at Harvard Law School. Her research has also been supported by the DAAD and France's Chateaubriand fellowship. She has been a visiting scholar at the American Bar Foundation where she is an associate scholar of the Center on Law and Globalization, Northwestern University's School of Law, Harvard University's Center for European Studies, Institute d'Etudes Politiques, the Deutsche Gesellschaft fur Auswartiges Politik, Universität Bremen, and Seikei University. Fluent in Italian, French and German, Alter serves on the editorial board of European Union Politics and Law and Social Inquiry and is a member of the Council on Foreign Relations.