2018 HKUST Workshop on Macroeconomics

June 13-14, 2018
Department of Economics, School of Business and Management
Hong Kong University of Science and Technology
Conference Venue: Room 1005, Lee Shau Kee (LSK) Business Building, HKUST

Program Schedule [ PDF version ]



Day 1: June 13, 2018 (Wednesday)

till 9:00 am

Breakfast at the UniQue (Ground Floor of the Conference Hotel)

9:15 am

Opening Remarks

Morning Session (Chair: Ye Li)

9:30 – 10:30 am

Tom Sargent, New York University

“Risk Aversion or Mistaken Beliefs?”

10:30 – 10:50 am

Group Photo + Coffee break

10:50 – 11:40 am

Yan Ji, HKUST

“Customer Capital, Financial Constraints, and Stock Returns”, with Winston Dou, David Reibstein and Wei Wu

11:40 am – 12:30 pm

Ye Li, Ohio State University

“Fragile New Economy: The Rise of Intangible Capital and Financial Instability”

12:30 – 2:00 pm

Lunch by invitation

Afternoon Session (Chair: Pengfei Wang)

2:00 – 2:50 pm

Christopher Phelan, University of Minnesota, Federal Reserve Bank of Minneapolis, and NBER

“Reputation and Sovereign Default”, joint with Manuel Amador

2:50 – 3:40 pm

Yang Lu, HKUST

Managing Expectations in the New Keynesian Economy joint with Robert G. King

3:40 – 4:00 pm

Coffee break

4:00 – 4:50 pm

Stephen Hansen, Oxford University

“The Long-Run Information Effect of Central Bank Narrative” joint with Michael McMahon and Metthew Tong

4:50 – 5:40 pm

Tao Zha, Emory University

“A Theory of Housing Demand” joint with Zheng Liu and Pengfei Wang

6:00 pm

Departure for dinner

 

Day 2: June 14, 2018 (Thursday)

till 9:15 am

Breakfast at the UniQue (Ground Floor of the Conference Hotel)

Morning Session (Chair: Ernest Liu)

9:30 – 10:20 am

Edouard Schaal, CREI

“Herd-driven Business Cycles” joint with Mathieu Taschereau-Dumouchel

10:20 – 11:10 am

Zhiwei Xu, Shanghai Jiao Tong University

Cycles of Credit Expansion and Misallocation: The Good, The Bad and The Ugly, joint with Feng Dong

11:10 – 11:40 am

Coffee break

11:40 am – 12:30 pm

Ernest Liu, Princeton University

Low Interest Rates, Market Power, and Productivity Growth, joint with Atif Mian and Amir Sufi

12:30 – 2:00 pm

Lunch by invitation

Afternoon Session (Chair: Feng Dong)

2:00 – 2:50 pm

Christian Matthes, Federal Reserve Bank of Richmond

Indeterminacy and Imperfect Information joint with Elmar Mertens and Thomas Lubik

2:50 – 3:40 pm

Jenny Xu, HKUST and Jin Xie, CUHK

Sticky Prices and the Value of Public Information: What Can Financial Markets Tell Us?”

3:40 – 4:00 pm

Coffee break

4:00 – 4:50 pm

Jianjun Miao, Boston University

Asset Bubbles and Monetary Policy”, joint with Pengfei Wang and Feng Dong

5:30 pm

Departure for dinner

 

For inquiries, please contact Julie Wong (fnjuwong@ust.hk, 852-23587621)