Tsinghua Workshop in Macroeconomics

Tsinghua Uinversity, Beijing, China

TWMacro 2012

**Tsinghua Workshop in Macroeconomics 2012**
June 17-19, 2012
SEM, Tsinghua University, Beijing, China
Venue: Room 401, Shunde Building
Keynote Speakers: Chad Jones and Robert Shimer

Sunday, June 17
8:30-8:50 Registration
8:50-9:00 Welcoming remark

Morning session chair: Min Ouyang (Tsinghua University)

9:00-10:00 Mark Huggett (Georgetown University), Greg Kaplan (University of Pennsylvania):

“Money Value of a Man”

10:00-11:00 Hyeok Jeong (KDI School of Public Policy), Yong Kim (Yonsei Iourii Manovskii (University of Pennsylvania):

“Price of Experience”

11:00-11:15 Coffee Break

11:15-12:15 Keynote Speech by Chad Jones (Stanford GSB):

“Beyond GDP, Welfare across Countries and Time”

12:15-1:45 Lunch

Afternoon session chair: Qing Liu (Tsinghua University)

1:45-2:45 Chris Edmond (University of Mekbourne), Virgiliu Midriganz (Federal Reserve Bank of Minneapolis), Daniel Yi Xu (Duke University):

“Competition, Markups and the Gains from International Trade”

2:45-3:45 Yang Jiao (Tsinghua University) and Yi Wen (Federal Reserve Bank of St. Louis and Tsinghua University):

“Capital, Finance and Trade Collapse”

3:45-4:00 Coffee Break

4:00-5:00 Yili Chien (Federal Reserve Bank of St. Louis):

“The Risk Premium and Long-Run Global Imbalances”

6:00 Conference Dinner

Monday, June 18

Morning session chair: Xue Qiao (Tsinghua University)

9:00-10:00 Loukas Karabarbounis and Brent Neiman (University of Chicago):

“Declining Labor Shares and Global Rise of Corporate Savings”

10:00-11:00 Robert McCann, Xianwen Shi, Aloysius Siow and Ronald Wolthoff (University of Toronto):

“Becker Meets Ricardo: Multisector Matching with Social and Cognitive Skills”

11:00-11:15 Coffee Break

11:15-12:15 Keynote Speech by Robert Shimer (University of Chicago):

“Markets with Multidimensional Private Information”

12:15-1:45 Lunch

Afternoon session chair: Bing Li (Tsinghua University)

1:45-2:45 Chun Chang (Shanghai Advanced Institute of Finance), Zheng Liu and Mark Spiegel (Federal Reserve Bank of San Francisco):

“Optimal Chinese Monetary Policy under Low Global Interest Rates”

2:45-3:45 Saroj Bhattarai (Pennsylvania State University),Jae Won Lee (Rutgers University) and Woong Yong Park (University of Hong Kong):

“Policy Regimes, Policy Shifts, and U.S. Business Cycles”

3:45-4:00 Coffee Break

4:00-5:00 Min Ouyang (Tsinghua University):

“Pro-cyclical Aggregate R&D: Timing or Propagation?”

Tuesday, June 19

Morning session chair: Yuan Xu (Tsinghua University)

9:00-10:00 Chadwick C. Curtis, Steven Lugauer and Nelson C. Mark (University of Notre Dame):

“Demographic Patterns and Household Saving in China”

10:00-11:00 Pengfei Wang (Hong Kong University of Science and Technology), Yi Wen (Federal Reserve Bank of St. Louis and Tsinghua University) and Zhiwei Xu (HK University of Science and Technology):

“Two-Way Capital Flows and Global Imbalances: A Neoclassical Approach”

11:00-11:15 Coffee Break

11:15-12:15 Christophe Chamley (Boston University):

“Demand Creates Its Own Supply”

12:15-2:00 Lunch

2:00-6:00 Tour