會議議程

Day 1 – 24 June 2024, Monday

08:25 Registration for speakers, discussants, session chairs, and participants

09:00 – 09:15 Welcome Speech by Jianjun Miao, Boston University, and Michael Zheng Song, the Chinese University of Hong Kong @YIA LT2

09:15 – 10:15 Keynote Speech by Ufuk Akcigit, University of Chicago @YIA LT2
The Hidden Risks of Industrial Policy: When More Isn’t Always Better

10:15 – 10:35 Tea Break

10:35 – 12:50 Parallel Sessions

  • Financial Frictions in Emerging Markets @YIA LT2
  • Industrial Policy in Trade and Spatial Models @YIA LT6
  • Labor Market I @YIA 402

13:00 – 14:30 Lunch

14:30 – 17:50 Parallel Sessions (Tea Break at 16:00 – 16:20)

  • Banks and Financial Crisis @YIA LT5
  • Debt and Macro @YIA 402
  • International Macro @ YIA 403
  • International Macroeconomics and Finance: New Issues and New Methodologies @ YIA LT6

Day 2 – 25 June 2024, Tuesday

08:25 Registration for speakers, discussants, session chairs, and participants

09:00 – 10:00 Keynote Speech by Yan Bai, University of Rochester @YIA LT2
World Financial Cycles

10:00 – 10:15 Award Presentation @YIA LT2

10:15 – 10:35 Tea Break

10:35 – 12:50 Parallel Sessions

  • Growth and Productivity @YIA 402
  • Labor Market II @YIA 403
  • Monetary Economics @WMY 402

13:00 – 14:30 Lunch

14:30 – 17:50 Parallel Sessions (Tea Break at 16:00 – 16:20)

  • Financial Crisis @WMY 402
  • Firm Investment in Changing Times @YIA LT6
  • Growth and Development @YIA 402
  • International Finance @YIA 403
  • Macro Finance @WMY 407

Programme (Day 1 – 24 June, 2024)

Morning Sessions: 09:00 – 12:50

08:25
Registration for speakers, discussants, session chairs, and participants

09:00 – 09:15
Welcome Speech by Jianjun Miao, Boston University, and Michael Zheng Song, the Chinese University of Hong Kong
Venue: YIA LT 2

09:15 – 10:15
Keynote Speech by Ufuk Akcigit, University of Chicago
The Hidden Risks of Industrial Policy: When More Isn‘t Always Better
Moderator: Michael, Zheng Song, The Chinese University of Hong Kong
Venue: YIA LT 2

10:15 – 10:35
Tea Break

10:35 – 12:50
Session: Financial Frictions in Emerging Markets
Chair: Michael, Zheng Song, The Chinese University of Hong Kong
Venue: YIA LT 2

  • The Surge in Emerging Markets’ International Reserves and the Rise in Global Volatility
      Enrique G. Mendoza, University of Pennsylvania
      Vincenzo Quadrini, University of Southern California
  • Risky Business and the Process of Development
      Yongseok Shin, Washington University in St. Louis
  • Resisting Working Capital Constraint: Evidence from 80 Million Small Business Owners
      Wenlan Luo, Tsinghua University

10:35 – 12:50
Session: Industrial Policy in Trade and Spatial Models
Chair: Xiaodong Zhu, The University of Hong Kong
Venue: YIA LT 6

  • Optimal Trade and Industrial Policies in the Global Economy: A Gradient-Based Learning Approach
      Zi Wang, Hong Kong Baptist University
      Xingcheng Xu, Shanghai Artificial Intelligence Laboratory
      Yanqing Yang, Fudan University
      Xiaodong Zhu, The University of Hong Kong
      Discussant: Yucheng Yang, University of Zurich
  • Pro-Manufacturing Land Policies of Competing Local Governments: A Quantitative Analysis of China
      Ming Lu, Shanghai Jiao Tong University
      Yuta Suzuki, Shanghai Jiao Tong University
      Xican Xi, Fudan University
      Le Xu, Shanghai Jiao Tong University
      Yuejun Zhong, East China Normal University
      Discussant: Guangbin Hong, University of Toronto
  • Optimal Trade Policy with International Technology Diffusion
      Yan Bai, University of Rochester
      Keyu Jin, London School of Economics
      Dan Lu, The Chinese University of Hong Kong
      Hanxi Wang, The Chinese University of Hong Kong
      Discussant: Zi Wang, Hong Kong Baptist University

10:35 – 12:50
Session: Labor Market I
Chair: Lichen Zhang, The University of Hong Kong
Venue: YIA 402

  • Third-Country Effects of U.S. Immigration Policy
      Agostina Brinatti, University of Michigan
      Xing Guo
      Discussant: Sheng Cai, City University of Hong Kong
  • The Macroeconomic Consequences of Competition for College Admissions
      Shijun Gu, Central University of Finance and Economics
      Lichen Zhang, The University of Hong Kong
      Discussant: Xincheng Qiu, Arizona State University
  • Who Bear the Cost: Financial Friction and Labor Markdown
      Ming Li, The Chinese University of Hong Kong, Shenzhen
      Yao Amber Li, The Hong Kong University of Science and Technology
      Zehao Li, The Chinese University of Hong Kong, Shenzhen
      Discussant: Yang Su, The Chinese University of Hong Kong

13:00 – 14:30
Lunch (by invitation)

Afternoon Sessions: 14:30 – 17:50 (Tea Break at 16:00 – 16:20)

14:30 – 17:50
Session: Banks and Financial Crisis
Chair: Jianjun Miao, Boston University
Venue: YIA LT 5

  • Monetary Policy and Endogenous Financial Crises
      Frederic Boissay, Bank for International Settlements
      Fabrice Collard, Toulouse School of Economics (CNRS)
      Jordi Galí, CREI, Universitat Pompeu Fabra and Barcelona School of Economics
      Cristina Manea, Bank for International Settlements
      Discussant: Hengjie Ai, Wisconsin School of Business
  • Long-Term Securities and Banking Crises
      Jianjun Miao, Boston University
      Zhouxiang Shen, Zhejiang University
      Dongling Su, Shanghai University of Finance and Economics
      Discussant: Qi Sun, Shanghai University of Finance & Economics
  • Heterogeneous Beliefs and Business Cycles
      Saki Bigio, UCLA
      Dejanir Silva, Purdue University
      Eduardo Zilberman, PUC-RiO
      Discussant: Minghao Li, Peking University
  • The Macroeconomic Implications of Firms‘ Debt Maturity
      Andrea Prestipino, Federal Reserve Board
      Francesco Ferrante
      Immo Schott
      Discussant: Vince Chen, Renmin University of China

14:30 – 17:50
Session: Debt and Macro
Chair: Shengxing Zhang, The London School of Economics and Political Science
Venue: YIA 402

  • A Model of Supply Chain Finance
      Bo Hu, Fudan University
      Makoto Watanabe, Kyoto University
      Jun Zhang, Fudan University
      Discussant: Xiaolin Xiao, Peking University
  • A Macroeconomic Model with Bond Market Liquidity
      Huifeng Chang, Fudan University
      Discussant: Marc Dordal Carreras, The Hong Kong University of Science and Technology
  • The Payday Loan Puzzle: A Credit Scoring Explanation
      Tsung-Hsien Li, Academia Sinica
      Jan Sun, Oxford Economics
      Discussant: Xuan Song Tam, City University of Hong Kong

14:30 – 17:50
Session: International Macro
Chair: Wenlan Luo, Tsinghua University
Venue: YIA 403

  • Foreign Reserves and Capital Controls: A Financial Development Perspective
      Chang Ma, Fudan University
      Hidehiko Matsumoto, National Graduate Institute for Policy Studies
      Discussant: Chang Liu, University of Rochester
  • Optimal Time-Consistent Capital Controls as Dynamic Terms-of-Trade Manipulation
      Guangyu Nie, Shanghai University of Finance and Economics
      Changhua Yu, Peking University
      Yunxiao Zhao, Shanghai University of Finance and Economics
      Discussant: Chang Ma, Fudan University
  • The Impact of the Trade War: Divergence in Chinese and U.S. Innovations in the Post-Conflict Era
      Xiao Ma, Peking University
      Yueyuan Ma, UC Santa Barbara
      Hanyi Tao, ShanghaiTech University
      Yiran Zhang, Fudan University
      Discussant: Yang Jiao, Singapore Management University
  • Trade and Technology Compatibility in General Equilibrium
      Weili Chen, The Pennsylvania State University
      Jingting Fan, The Pennsylvania State University
      Wenlan Luo, Tsinghua University
      Discussant: Zi Wang, Hong Kong Baptist University

14:30 – 17:50
Session: International Macroeconomics and Finance: New Issues and New Methodologies
Chair: Yi Huang, Fudan University
Venue: YIA LT6

  • Monetary Policy and the Maturity Structure of Public Debt
      Michele Andreolli, Boston College
      Discussant: Xiang Fang, Hong Kong University
  • Financing R&D
      Chang Liu, National University of Singapore
      Yuchao Peng, Central University of Finance and Economics
      Zhiwei Xu, Fudan University
      Jinxiang Yu, Shanghai Jiao Tong University
      Discussant: Yajie Wang, University of Missouri
  • Beyond Bilateral Flows: Indirect Connections and Exchange Rates
      Saleem Bahaj, University College London
      Pasquale Della Corte, Imperial College London
      Daniele Massacci, King’s College London
      Eduard Seyde, Imperial College London
      Discussant: Zefeng Chen, Peking University
  • Open Economy, Redistribution, and the Aggregate Impact of External Shocks
      Haonan Zhou, Princeton University
      Discussant: Changhua Yu, Peking University

18:00
Dinner (by invitation)

Programme (Day 2 – 25 June, 2024)

Morning Sessions: 09:00 – 12:50

08:25
Registration for speakers, discussants, session chairs, and participants

09:00 – 10:00
Keynote Speech by Yan Bai, University of Rochester
World Financial Cycles
Moderator: Jun Nie, Wuhan University
Venue: YIA LT2

10:00 – 10:15
Award Presentation
Venue: YIA LT2

10:15 – 10:35
Tea Break

10:35 – 12:50
Session: Growth and Productivity
Chair: Yifan Zhang, The Chinse University of Hong Kong
Venue: YIA 402

  • E Pluribus Unum: Growing TFP from Regional Trade
      Weizhe Wang, Kellogg School of Management, Northwestern University
      Zhong Zhao, Renmin University of China
      Xianqiang Zou, Renmin University of China
      Discussant: Yong Wang, Peking University
  • Innovation, Financial Development, and Aggregate Productivity Gap across Countries
      Xiaomei Sui, The University of Hong Kong
      Discussant: Tuo Chen, Tsinghua University
  • Estimating Capital-Labor Substitution in China: Evidence from Firm-Level Data
      Lingsheng Meng, Stanford University
      Yifan Zhang, The Chinese University of Hong Kong
      Yunbin Zhang, The Chinese University of Hong Kong
      Discussant: Xiao Ma, Peking University

10:35 – 12:50
Session: Labor Market II
Chair: Jingnan Liu, Massachusetts Institute of Technology
Venue: YIA 403

  • Deep Learning for Search and Matching Models
      Jonathan Payne, Princeton University
      Adam Rebei, Stanford University
      Yucheng Yang, University of Zurich
      Discussant: Ji Huang, The Chinese University of Hong Kong
  • Precautionary Mismatch
      Jincheng (Eric) Huang, University of Pennsylvania
      Xincheng Qiu, Arizona State University
      Discussant: Jinfeng Luo, Lingnan University
  • Worker Mobility, Knowledge Diffusion, and Non-Compete Contracts
      Jingnan Liu, Massachusetts Institute of Technology
      Discussant: Fei Zhou, Hong Kong Baptist University

10:35 – 12:50
Session: Monetary Economics
Chair: Kaiji Chen, Emory University and Federal Reserve Bank of Atlanta
Venue: WMY 402

  • Inattentive Network: Evidence and Theory
      Yue Fang, Zhejiang University
      Zhen Huo, Yale University
      Minghao Li, Peking University
      Jieran Wu, Zhejiang University
      Discussant: Chang Liu, National University of Singapore
  • Team Persistent or Team Transitory? Sectoral Linkage and Inflation Persistence
      Liugang Sheng, The Chinese University of Hong Kong
      Zhentao Shi, The Chinese University of Hong Kong
      Steve Pak Yeung Wu, University of California, San Diego
      Discussant: Zhesheng Qiu, City University of Hong Kong
  • Trend, Cycle and Expectation Formation
      Heng Chen, The University of Hong Kong
      Yicheng Liu, The University of Hong Kong
      Discussant: Ding Dong, Hong Kong Baptist University

13:00 – 14:30
Lunch (by invitation)

Afternoon Sessions: 14:30 – 17:50 (Tea Break at 16:00 – 16:20)

14:30 – 17:50
Session: Financial Crisis
Chair: Ming Yang, University College London
Venue: WMY 402

    • Uninsured Deposit, Held-to-Maturity Accounting, and Bank Runs
        Kaiji Chen, Emory University and Federal Reserve Bank of Atlanta
        Yu Yi, Nankai University
        Shengxing Zhang, London School of Economics and Peking University
        Discussant: Zongbo Huang, The Chinese University of Hong Kong, Shenzhen
    • Preventing Runs with Redemption Fees
        Xuesong Huang, Sun Yat-sen University
        Todd Keister, Rutgers University
        Discussant: Chao He, Shanghai University of Finance and Economics
    • Payments, Reserves, and Financial Fragility
        Itay Goldstein, University of Pennsylvania
        Ming Yang, University College London
        Yao Zeng, University of Pennsylvania
        Discussant: Chao Ying, The Chinese University of Hong Kong

14:30 – 17:50
Session: Firm Investment in Changing Times
Chair: Miguel Homen Ferreira, Queen Mary University of London
Venue: YIA LT6

    • From Premia to Spirals: How Financial Frictions Drive Lumpy Investments
        Miguel Homen Ferreira, Queen Mary University of London
        Timo Haber, De Nederlandsche Bank
        Hanbaek Lee, University of Tokyo
        Discussant: John Finlay, Imperial College London
    • The Chinese Transition: The Role of Investment Frictions
        Nicolai Ellingsen, Norges Bank
        Alfonso A. Irarrazabal, BI Norwegian Business School
        Discussant: Rusi Yan, Central University of Finance and Economics
    • Capital Embodied Structural Change
        Julieta Caunedo, Cornell University
        Elisa Keller, University of Exeter
        Discussant: Tatsuro Senga, Queen Mary University of London and Keio University
    • The Rise of Intangible Capital and the Macroeconomic Implications
        Andrea Chiavari, University of Oxford
        Sampreet Singh Goraya, Princeton University and Stockholm School of Economics
        Discussant: Lichen Zhang, The University of Hong Kong

  •  

14:30 – 17:50
Session: Growth and Development
Chair: Guangbin Hong, University of Toronto
Venue: YIA 402

    • Place-based Land Policy and Spatial Misallocation: Theory and Evidence from China
        Min Fang, University of Florida
        Libin Han, Dongbei University of Finance and Economics
        Zibin Huang, Shanghai University of Finance and Economics
        Ming Lu, Shanghai Jiao Tong University
        Li Zhang, Sun Yat-Sen University
        Discussant: Yizhen Gu, Peking University
    • Inelastic Supply of Innovators, Monopsony Power, and Creative Destruction
        Jesus Fernandez-Villaverde, University of Pennsylvania
        Yang Yu, Shanghai Jiao Tong University
        Francesco Zanetti, University of Oxford
        Discussant: Linyi Cao, Shanghai University of Finance and Economics
    • Do Resource Rents Drive Urbanization and Structural Transformation? A Global Analysis
        Qing Huang, Renmin University of China
        Victoria Wenxin Xie, Santa Clara University
        Wei You, Peking University
        Discussant: Xican Xi, Fudan University
    • Two-Sided Sorting of Workers and Firms: Implications for Spatial Inequality and Welfare
        Guangbin Hong, University of Toronto
        Discussant: Youzhi Yang, Shanghai University of Finance & Economics

14:30 – 17:50
Session: International Finance
Chair: Yang Jiao, Singapore Management University
Venue: YIA 403

    • Foreign Currency Borrowing and Exporter Dynamics in Emerging Markets
        Chang Liu, University of Rochester
        Discussant: Xiang Fang, University of Hong Kong
    • Financially Constrained Intermediaries and the International Pass-Through of Monetary Policy
        Xiaoliang Wang, The Hong Kong University of Science and Technology
        Mengbo Zhang, Shanghai University of Finance and Economics
        Discussant: Jenny Xu, The Hong Kong University of Science and Technology
    • Nickell Bias in Panel Local Projection: Financial Crises Are Worse Than You Think
        Ziwei Mei, The Chinese University of Hong Kong
        Liugang Sheng, The Chinese University of Hong Kong
        Zhentao Shi, The Chinese University of Hong Kong
        Discussant: Byoungchan Lee, The Hong Kong University of Science and Technology
    • Central Bank Swap Lines, Bank Risk Management and Currency Choice in Trade
        Yang Jiao, Singapore Management University
        Ohyun Kwon, Drexel University
        Saiah Lee, Ulsan National Institute of Science and Technology
        Shang-Jin Wei, Columbia University
        Discussant: Dong Lu, Renmin University of China

14:30 – 17:50
Session: Macro Finance
Chair: Gang Zhang, Cheung Kong Graduate School of Business
Venue: WMY 407

    • Debt Dilution, Debt Covenants, and Macroeconomic Fluctuations
        Min Fang, University of Florida
        Wentao Zhou, University of Wisconsin – Madison
        Discussant: Dongling Su, Shanghai University of Finance & Economics
    • Market Power, Technology Shocks, and the Profitability Premium
        Yao Deng, University of Connecticut
        Ding Luo, City University of Hong Kong
        Jincheng Tong, University of Toronto
        Discussant: Chenjie Xu, Shanghai University of Finance & Economics
    • Aggregate Demand and Irreversible Investment
        Lintong Li, Princeton University
        Discussant: Min Fang, University of Florida
    • Knowledge Network and Asset Pricing
        Po-Hsuan Hsu, National Tsing Hua University
        Erica Li, Cheung Kong Graduate School of Business
        Huijun Wang, Auburn University
        Gang Zhang, Cheung Kong Graduate School of Business
        Discussant: Goutham Gopalakrishna, University of Toronto

*The programme is subject to change and will be updated.

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