Agenda
| Tuesday, August 30, 2016 | |
| Lunch | |
|
Welcome Remarks Chun Chang, Shanghai Advanced Institute of Finance (SAIF) |
|
| 12:50 | Keynote Speech Structural Reforms—A European Perspective Klaus Masuch, European Central Bank |
| Session 1: Growth in China Chair: Bernd Schnatz, European Central Bank |
|
| 2:00 | Firm Entry and Regional Growth Disparities: The Effect of SOEs in China Loren Brandt, University of Toronto Gueorgui Kambourov, University of Toronto Kjetil Storesletten, University of Oslo Discussant: Min Ouyang, Tsinghua University |
| Session 2: Income Inequality in China Chair: Bing Li, Tsinghua University |
|
| 3:00 | Income and Consumption Inequality in China Haiyan Ding, Shanghai University of Finance and Economics Hui He, International Monetary Fund Discussant: Lei Fang, Federal Reserve Bank of Atlanta |
| 4:00 | Break |
| Session 3: Monetary Policy in China Chair: Liu Jun, Shanghai Advanced Institute of Finance (SAIF) |
|
| 4:15 | Reserve Requirements and Optimal Chinese Stabilization Policy Chun Chang, Shanghai Advanced Institute of Finance Zheng Liu, Federal Reserve Bank of San Francisco Mark Spiegel, Federal Reserve Bank of San Francisco Jingyi Zhang, Shanghai Advanced Institute of Finance Discussant: Alistair Dieppe, European Central Bank |
| 5:15 | China Pro-Growth Monetary Policy and Its Asymmetric Transmission Kaiji Chen, Emory University Patrick Higgins, Federal Reserve Bank of Atlanta Daniel Waggoner, Federal Reserve Bank of Atlanta Tao Zha, Federal Reserve Bank of Atlanta Discussant: Bing Li, Tsinghua University |
| 7:15 | Dinner |
| Wednesday, August 31, 2016 | |
| Session 4: Financial Markets Chair: Livio Stracca, European Central Bank |
|
| 9:00 a.m. | Empirical Determinants of Exchange Rates Martin Eichenbaum, Northwestern University Ben Johannsen, Board of Governors of the Federal Reserve System Sergio Rebelo, Northwestern University Discussant: Oreste Tristani, European Central Bank |
| Session 5: Growth in China Chair: Bernd Schnatz, European Central Bank |
|
| 10:00 | Institutional Foundations of China's Growth and Slowdown Chong-En Bai, Tsinghua University Chang-Tai Hsieh, University of Chicago Zheng Song, Chinese University of Hong Kong Discussant: John Fernald, Federal Reserve Bank of San Francisco |
| 11:00 | Break |
| 11:15 | The Making of an Economic Superpower–Unlocking China's Secret of Rapid Industrialization Yi Wen, Federal Reserve Bank of St. Louis Discussant: Nancy Qian, Yale University |
| 12:15 p.m. | Lunch Keynote Speech Can China Transition to a More Innovative Economy? Shang-Jin Wei, Asian Development Bank |
| Session 6: Banking and Credit Chair: Jun Qian, Shanghai Advanced Institute of Finance (SAIF) |
|
| 2:00 | Do Banks Pass through Credit Expansions to Households That Want to Borrow? Sumit Agarwal, National University of Singapore Souphala Chomsisengphet, Office of the Comptroller of the Currency Neale Mahoney, University of Chicago Johannes Stroebel, New York University Discussant: Feng Dong, Shanghai Jiao Tong University |
| 3:00 | Break |
| 3:15 | Policy Panel Discussions: International Monetary Policy Moderator: Martin Eichenbaum, Northwestern University International Monetary Policy Yudong Yao, Director of Research Department, People's Bank of China Panelist: Peter Praet, Executive Board Member, European Central Bank Financial Cycles and Monetary Policy Charles Evans, President, Federal Reserve Bank of Chicago Are Low Monetary Policy Rates the New Normal? Eric Rosengren, President, Federal Reserve Bank of Boston Observations on Financial Stability Concerns for Monetary Policymakers Yiping Huang, Member of Monetary Policy Committee, People's Bank of China; Professor of Economics, Peking University |
| 5:15 | Concluding Remarks David Altig, Federal Reserve Bank of Atlanta |
| 7:00 | Dinner |
| Thursday, September 1, 2016 | |
| Session 7 (optional): Recent Development and Challenge of China's Fin-Tech and Payment System Organized jointly with Financial Research Institute of People's Bank of China Four presentations: For each one, there are 15 minutes for open-floor Q&A after the presentation. Moderator: Chun Chang, Shanghai Advanced Institute of Finance (SAIF) |
|
| 9:00 | Keynote Speech Digital Finance: Logic and Practice Long Chen, Chief Strategist, Ant Financial Services Group |
| 10:15 | Application of Block Chain Xuchuan Wu, Secretary-General of Internet Finance Research Center, Financial Research Institute, People's Bank of China |
| 10:45 | Break |
| 10:55 | Online Payment Firms in China: Development and Challenge Ye Zhou, Chief Executive Officer, ChinaPnR Co., Ltd |
| 11:30 | Application of Fin-Tech on the Securities Investment Naisheng Yao, Vice President, JD Finance |
| 12:05 | Three Drivers Behind Financial Innovations Enabled by FinTech Jie Hu, Professor of Practice, Shanghai Advanced Institute of Finance |
| 12:40 | Concluding Remarks Yudong Yao, Director of Financial Research Institute, People's Bank of China |
| 12:55 | Lunch |
| Session 8: Financial Markets (continued) Chair: Bing Li, Tsinghua University |
|
| 1:30 | Impact of Securitization on Commodity Price Volatility Lawrence Christiano, Northwestern University Discussant: Anastasios Karantounias, Federal Reserve Bank of Atlanta |
| Session 9: The Economy at the Zero Lower Bound Chair: Qing Liu, Tsinghua University |
|
| 2:30 | Capital Flows and Global Imbalances at the ZLB Ricardo J. Caballero, Massachusetts Institute of Technology (MIT) Emmanuel Farhi, Harvard University Pierre-Olivier Gourinchas, University of California, Berkeley Discussant: Meixin Guo, Tsinghua University |