Frontiers of Macroeconomics with Applications in China
Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University, Southwestern University of Finance and Economics (SWUFE), Northwestern University and Federal Reserve Bank of Atlanta are pleased to announce that the Conference “Frontiers of Macroeconomics with Applications in China” will be held on December 8-9, 2018, in Shanghai, China.
This conference aims to provide a high-level open platform to bring together the academics and researchers from leading academic institutions to discuss the frontiers of academic research in macroeconomics. The leading international scholars will provide the participants with cutting-edge research methodologies and novel perspectives.
Day One’s program consists of presentations of 6 papers selected from the Journal of Economic Perspectives. It will be open to the public, including scholars, policy makers and other non-experts who are interested in the latest development of macroeconomic research. Day Two comprises presentations of 6 invited papers on shadow banking and Chinese economy with a focus on macroeconomic modelling.
- Program
- Venue
- Participants
- Registration
Day1: December 8, 2018
Papers from the Journal of Economic Perspectives, “The State of Macroeconomics”
| 9:00 - 9:30am | Opening remark | |
| David Altig | Executive Vice President and Director of Research, | |
| Federal Reserve Bank of Atlanta. | ||
| 9:30 - 10:30am | The State of New Keynesian Economics: A Partial Assessment | |
| Jordi Galí | Universitat Pompeu Fabra, | |
| Centre de Recerca en Economia Internacional (CREI) | ||
| Presented by: Jordi Galí | ||
| Discussant: Jianjun Miao, Boston University | ||
| 10:30 - 10:45am | Coffee Break | |
| 10:45 - 11:45am | What Happened: Financial Factors in the Great Recession? | |
| Mark Gertler | New York University | |
| Simon Gilchrist | Boston University | |
| Presented by: Simon Gilchrist | ||
| Discussant: Zheng Liu, Federal Reserve Bank of San Francisco | ||
| 11:45 am - 12:45pm | On DSGE Models | |
| Lawrence J. Christiano | Northwestern University | |
| Martin S. Eichenbaum | Northwestern University | |
| Mathias Trabandt | Freie Universitat Berlin | |
| Presented by: Lawrence J. Christiano | ||
| Discussant: Pengfei Wang, Hong Kong University of Science and Technology | ||
| 12:45 - 2:00pm | Lunch | |
| 2:00 - 3:00pm | Identification in Macroeconomics | |
| Emi Nakamura | Columbia University | |
| Jón Steinsson | Columbia University | |
| Presented by: Jón Steinsson | ||
| Discussant: Xiaohong Chen, Yale University | ||
| 3:00 - 3:15pm | Coffee Break | |
| 3:15 - 4:15pm | Microeconomic Heterogeneity and Macroeconomic Shocks | |
| Greg Kaplan | University of Chicago | |
| Gianluca Violante | Princeton University | |
| Presented by: Greg Kaplan | ||
| Discussant: Jinhui Bai, Tsinghua University | ||
| 4:15 - 5:15pm | Finance and Business Cycles: The Credit Driven Household Demand Channel | |
| Atif Mian | Princeton University | |
| Amir Sufi | University of Chicago, Booth School of Business | |
| Presented by: Amir Sufi | ||
| Discussant: Erica Li, Cheung Kong Graduate School of Business | ||
Day 2: December 9, 2018
| 9:00 - 10:00am | The Mandarin Model of Growth | |
| Wei Xiong | Princeton University | |
| Presented by: Wei Xiong | ||
| Discussant: Li-An Zhou, Peking University | ||
| 10:00 - 11:00am | A Macroeconomic Model with Financial Panics | |
| Mark Gertler | New York University | |
| Nobuhiro Kiyotaki | Princeton University | |
| Andrea Prestipino | Board of Governors, Federal Reserve | |
| Presented by: Mark Gertler | ||
| Discussant: Lawrence J. Christiano, Northwestern University | ||
| 11:00 - 11:15am | Coffee Break | |
| 11:15am - 12:15pm | Shadow Banking and the Four Pillars of Traditional Financial Intermediation | |
| Emmanuel Farhi | Harvard University | |
| Jean Tirole | University of Toulouse | |
| Presented by: Emmanuel Farhi | ||
| Discussant: Zhiguo He, University of Chicago, Booth School of Business | ||
| 12:15 - 1:30pm | Lunch | |
| 1:30 - 2:30pm | Suboptimal Choice and Asset Pricing | |
| Jun Liu | University of California, San Diego | |
| Presented by: Jun Liu | ||
| Discussant: Hong Yan, Shanghai Advanced Institute of Finance (SAIF) | ||
| 2:30 - 2:45pm | Coffee Break | |
| 2:45 - 3:45pm | Institutional Foundations of China's Growth | |
| Chong-En Bai | Tsinghua University | |
| Chang-Tai Hsieh | University of Chicago, Booth School of Business | |
| Zheng Song | Chinese University of Hong Kong | |
| Presented by: Chong-En Bai | ||
| Discussant: Xiaodong Zhu, University of Toronto | ||
| 3:45 - 4:45pm | The Nexus of Monetary Policy and Shadow Banking in China | |
| Kaiji Chen | Emory University | |
| Jue Ren | Texas Christian University | |
| Tao Zha | Federal Reserve Bank of Atlanta | |
| Presented by: Tao Zha | ||
| Discussant: Chun Chang, Shanghai Advanced Institute of Finance (SAIF) | ||
