Tsinghua Workshop in Macroeconomics 2013

July 1-3, 2013
SEM, Tsinghua University

Venue: Room 418, Shunde Building, SEM

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