2017 HKUST Workshop on Macroeconomics
June 14-15, 2017
Department of Economics, School of Business and Management
Hong Kong University of Science and Technology
Conference Venue: Room 3003, Lee Shau Kee (LSK) Business Building, HKUST
Program Schedule [PDF version]
| Day 1: June 14, 2017 (Wednesday) | |
| till 8:40 am | Breakfast at the UniQue (Ground Floor of the Conference Hotel) |
| 8:50 AM | Opening Remarks |
| Morning Session (Chair: Dong Feng) | |
| 9:00 - 10:00 am | John Leahy, University of Michigan |
| “Wishful Thinking” | |
| 10:00 - 11:00 am | Jianjun Miao, Boston University |
| "Asset Bubbles and Credit Constraints" with Pengfei Wang (HKUST) | |
| [Download Slides] | |
| 11:00 - 11:30 am | COFFEE/TEA BREAK |
| 11:30 - 12:30 pm | Neng Wang, Columbia Business School and NBER |
| Liquidity and Risk Management: Coordinating Investment and Compensation Policies” with Patrick Bolton (Columbia University, NBER and CEPR.) and Jinqiang Yang (The School of Finance, Shanghai University of Finance and Economics) | |
| 12:30 - 2:00 pm | Lunch at the Conference Lodge (By invitation only) |
| Afternoon Session (Chair: Pengfei Wang) | |
| 2:00 - 3:00 pm | Ji Yan, MIT and HKUST |
| “Job Search Under Debt: Aggregate Implications of Student Loans” | |
| [Download Slides] | |
| 3:00 - 3:20 pm | COFFEE/TEA BREAK |
| 3:20 - 4:20 pm | Chao Gu, University of Missouri |
| “The Effects of Monetary Policy and Other Announcements” with Han Han (Peking University), Randall Wright (FRB Chicago, FRB Minneapolis, University of Wisconsin and NBER) | |
| 4:20 - 4:50 pm | COFFEE/TEA BREAK |
| 4:50 - 5:50 pm | Wei Xiong, Princeton University |
| "Policy Risks in China’s Financial System" | |
| 5:50 pm | Departure for the Boat Trip to Sai Kung and Dinner |
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| Day 2: June 15, 2017 (Thursday) | |
| till 8:50 am | Breakfast at the UniQue (Ground Floor of the Conference Hotel) |
| Morning Session (Chair: David Cook) | |
| 9:00 - 10:00 am | Simon Gilchrist, Boston University |
| "Financial Heterogeneity and Monetary Union" with Raphael Schoenle (Brandeis University), Jae Sim and Egon Zakrajšek (Federal Reserve Board of Governors) | |
| 10:00 - 11:00 am | Xuewen Liu, HKUST |
| "Financial Markets, the Real Economy, and Self-fulfilling Uncertainties" with Jess Benhabib (New York University) and Pengfei Wang (HKUST) | |
| 11:00 - 11:30 am | COFFEE/TEA BREAK |
| 11:30 - 12:30 pm | Yang Lu, HKUST |
| "Managing expectation with a forward-looking private sector" | |
| 12:30 - 2:00 pm | Buffet Lunch at the Dining Hall on 3/F Lee Shau Kee Business Building (By invitation only) |
| Afternoon Session (Chair: Jing Zhou) | |
| 2:00 - 3:00 pm | Liyan Yang, University of Toronto |
| "Costly Interpretation of Asset Prices" with Xavier Vives (IESE Business School) | |
| 3:00 - 3:20 pm | COFFEE/TEA BREAK |
| 3:20 - 4:20 pm | Yi Huang, Graduate Institute of Geneva |
| "Local Crowding Out in China" with Marco Pagano (University of Naples Federico II, CSEF, EIEF, CEPR, and ECGI), Ugo Panizza (The Graduate Institute, Geneva, and CEPR) | |
| 4:20 - 4:50 pm | COFFEE/TEA BREAK |
| 4:50 - 5:50 pm | Todd Keister, Rutgers University |
| "Bailouts, Bail-ins and Banking Crises" with Yuliyan Mitkov (Rutgers University) | |
| 5:50 pm | Departure for Dinner at the Serenade Restaurant at the Hong Kong Cultural Centre |