Tsinghua Workshop in Macroeconomics

Tsinghua Uinversity, Beijing, China

TWMacro 2013

**Tsinghua Workshop in Macroeconomics 2013**
July 1-3, 2013
SEM, Tsinghua University, Beijing, China
Venue: Room 418, Shunde Building
Keynote Speakers: Hugo Hopenhayn and José-Víctor Ríos-Rull

Monday, July 1
8:30-8:50 Registration
8:50-9:00 Welcoming remark

Morning session chair: Yuan Xu (Tsinghua University)

9:00-10:00 Sophie Osotimehin (University of Virginia):

“Aggregate productivity and the allocation of resources over the business cycle”

10:00-11:00 Olivier Jeanne (Johns Hopkins University), Anton Korinek (University of Maryland):

“Macroprudential Regulation Versus Mopping Up After the Crash”

11:00-11:15 Coffee Break

11:15-12:15 Keynote Speech by Hugo Hopenhayn (UCLA):

On the Measure of Distortions

12:15-1:45 Lunch

Afternoon session chair: Bing Li (Tsinghua University)

1:45-2:45 German Cubas (Central Bank of Uruguay), Pedro Silos (Federal Reserve Bank of Atlanta):

“Comparative Advantage and Risk Premia in Labor Markets”

2:45-3:45 Chong-En Bai (Tsinghua), Qi Li (Tsinghua and Texas A&M), Min Ouyang (Tsinghua):

“Property Taxes and Home Prices: A Tale of Two Cities”

3:45-4:00 Coffee Break

4:00-5:00 Sylvain Leduc, Zheng Liu (Federal Reserve Bank of San Francisco):

“Uncertainty Shocks Are Aggregate Demand Shocks”

6:00 Conference Dinner

Tuesday, July 2

Morning session chair: Qing Liu(Tsinghua University)

8:45-9:45 Robert King (Boston), Yang Lu (HKUST), Ernesto Pasten (Toulouse and Banco Central de Chile):

“Policy design with private sector skepticism in the textbook New Keynesian model”

9:45-10:45 Simon Alder (Zurich), Lin Shao (Washington University in St. Louis), Fabrizio Zilibotti (Zurich):

“The Effect of Economic Reform and Industrial Policy in a Panel of Chinese Cities”

10:45-11:00 Coffee Break

11:00-12:00 Keynote Speech by José-Víctor Ríos-Rull (University of Minnesota):

A New View of Cyclical Movements in Productivity

12:00-1:15 Lunch

Afternoon session chair: Wen Yao (Tsinghua University)

1:15-2:15 Hui He (SHUFE), Kevin X.D. Huang (Vanderbilt):

“Why Do Americans Spend So Much More on Health Care than Europeans? –A General Equilibrium Macroeconomic Analysis”

2:15-3:15 Nicolae Garleanu (UC Berkeley),Stavros Panageas (Chicago), Jianfeng Yu (Minnesota):

“Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion”

3:15-3:30 Coffee Break

3:30-4:30 Julian di Giovanni (IMF), Andrei A. Levchenko (Michigan and NBER), Jing Zhang (Michigan):

“The Global Welfare Impact of China: Trade Integration and Technological Change”

4:30-5:30 Kaiji Chen (Emory), Yi Wen (Tsinghua & Federal Reserve Bank of St. Louis):

“The Great Chinese Housing Boom: Causes, Consequences, and Future Paths”

Wednesday, July 3

Morning session chair: Xue Qiao (Tsinghua University)

8:45-9:45 Thomas Sampson (LSE & CEP):

“Dynamic Selection and the New Gains from Trade with Heterogeneous Firms”

9:45-10:45 Weicheng Lian (Princeton):

“Long-Term Dynamics of Housing Price and Quantity”

10:45-11:00 Coffee Break

11:00-12:00 Todd Schoellman (Arizona State):

“Refugees and Early Childhood Human Capital”

12:00-1:30 Lunch

1:30-6:00 Tour