Tsinghua Workshop in Macroeconomics 2019


June 17 - 19, Tsinghua University, Beijing, China


TWMacro 2018

Tsinghua Workshop in Macroeconomics 2018

June 21 - 22, 2018

SEM, Tsinghua University, Beijing, China

Keynote Speakers: John Haltiwanger and Nancy Stokey

June 21, Thursday
8:00 am: Pick up at the hotel lobby
8:20 am - 8:30 am: registration
8:30 am: Opening Remarks

Session I: Labor and Inequality, 8:40 am - 11:45 am

Chair: Xue Qiao, SEM, Tsinghua University

  1. Intangibles, Inequality and Stagnation, 8:40 am - 9:25 am

Nobuhiro Kiyotaki, Princeton University

Shengxing Zhang, London School of Economics

Discussion: 9:25 am - 9:35 am

Toan Phan, Federal Reserve Bank of Richmond

  1. The Elasticity of Intergenerational Substitution, Parental Altruism, and Fertility Choice, 9:35 am - 10:20 am

Juan Cordoba, Iowa State University

Marla Ripoll, University of Pittsburgh

Discussion: 10:20 am - 10:30 am

Wenlan Luo, SEM, Tsinghua University

Coffee Break: 10:30 am - 10:50 am

  1. Long Live the Vacancy, 10:50 am - 11:35 am

Juan Cordoba, Iowa State University

Christian Haefke, New York University, Abu Dhabi

Discussion: 11:35 am - 11:45 am

Jun Nie, Federal Reserve Bank of Kansas City

Lunch 11:45 am - 1:30 pm, YanMing Yuan

Keynote Speech, 1:30 pm -2:30 pm

鈥淩eallocation, Startups, Innovation and Productivity Growth in the U.S. Economy: Facts, Models, and Open Questions鈥�

John Haltiwanger, University of Maryland

Session II: Labor, Savings, and Investment, 2:30 pm - 4:40 pm

Chair: Qing Liu, SEM, Tsinghua University

  1. Social Insurance and Occupational Mobility, 2:30 pm - 3:15 pm

German Cubas, University of Houston

Pedro Silos, Temple University

Discussion: 3:15 pm - 3:25 pm

Chaoran Chen, National University of Singapore

Coffee Break 3:25 pm - 3:45 pm

  1. Capital Allocation and Investment Dynamics in Credit Crises, 3:45 pm - 4:30 pm

Jasmine Xiao, University of Notre Dame

Discussion: 4:30 pm - 4:40 pm

Ji Zhang, PBC School of Finance, Tsinghua University

Special Session on Data in China and on-site tour of the China Data Center, 4:40 pm - 6:00 pm

XianChun Xu, Professor, Director of the Tsinghua China Data Center, and the former Vice Director of the National Bureau of Statistics.

6:00 pm and after, Conference Dinner

June 22, Friday
8:10 am: Pick up at the hotel lobby

Session III: Firm Dynamics, 8:30 am - 11:30 a

Chair, Xiangbo Liu, Renmin University

  1. The Nature of Firm Growth, 8:30 am - 9:15 am

Benjamin Pugsley, University of Notre Dame

Petr Sedlacek, University of Oxford

Vincent Sterk, University College London

Discussion: 9:15 am - 9:25 am

Dan Cao, Georgetown University

  1. Investment under Rational Inattention: Evidence from US Sectoral Data, 9:25 am - 10:10 am

Peter Zorn, University of Munich

Discussion: 10:10 am - 10:20 am

Eric Young, University of Virginia

Coffee Break: 10:20 am - 10:35 am

  1. Learning, Confidence, and Business Cycles, 10:35 am - 11:20 am

Cosmin Ilut, Duke University

Hikaru Saijo, University of California Santa Cruz

Discussion: 11:20 am - 11:30 am

Wei Cui, University College London

Keynote Speech, 11:30 pm - 12:30 pm

Technology Diffusion

Nancy L. Stokey, University of Chicago

Lunch: 12:30 am - 2:00 pm, Yanming Yuan

Session IV: Macro Policies, 2:00 pm - 5:00 pm

Chair, Zhen Zhou, PBC School of Finance, Tsinghua University

  1. Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China, 2:00 pm - 2:45 pm

Hongyi Chen, Hong Kong Institute for Monetary Research, Hong Kong Monetary Authority

Ran Li, BIS

Peter Tillmann, Justus-Liebig-Universitat Gieben

Discussion: 2:45 pm - 2:55 pm

Min Ouyang, Tsinghua University

Coffee Break 2:55 pm - 3:10 pm

  1. Fiscal Decentralization and Overborrowing, 3:10 pm - 3:55 pm

Si Guo, International Monetary Fund

Yun Pei, University at Buffalo, SUNY

Zoe Xie, Federal Reserve Bank of Atlanta

Discussion: 3:55 pm - 4:05 pm

Jinhui Bai, Washington State University and Tsinghua University

5:00 pm and after, trip to the Summer Palace