* Economy *

In the talk of Dr. Tatsuyoshi Okimoto（一橋大学）, he first introduced a notion of copula, which could be considered as dependence structure of multivariate distributions and its applications to the dependence structure in international equity markets. As the last of the symposium, Dr. Koiti Yano（駒澤大学） spent his time to demonstrated the estimation of dynamic macroeconomic models with liquidity-constrained households and zero lower bounds using Monte Carlo particle filter and a self-organizing state space model based on a time-varying parameter framework.