The Sixteenth NBER-CCER Conference on China and the World Economy
Time: June 25-June 28, 2014
Venue: CCER, Peking University
June 25 (Wednesday)
6:30 pm NBER participants and companions meet in the hotel lobby
7:00 pm Reception at the CCER
June 26 (Thursday)
8:45 – 8:50am: Opening remarks
Yang Yao (CCER), Shang-Jin Wei (NBER), Chong-En Bai (Tsinghua)
8:50-9:50am: China and the global economy
Chair: Chair: Yang Yao (CCER)
Justin Lin (CCER): China and the World Economy
Rene Stulz (Ohio State and NBER): Bank Performance during a Crisis.
9:50 – 10:15am: Group photo and Coffee/tea break
10:15am-11:15am: Financial Market
Chair: Pol Antras (Harvard University and NBER)
Joshua Aizenman (NBER and USC): Real Estate Valuation in the Open Economy
Yiping Huang (CCER): Ownership and Credit Rationing in China
11:15 – 12:45: Intergenerational mobility
Chair: Justin Lin (CCER)
Nathaniel Hendren (Harvard University and NBER): Intergenerational Mobility in the United States: Lessons from the Equality of Opportunity Project
Chih Ming Tan (University of Dakota), Zhibo Tan (CCER), and Xiaobo Zhang (CCER): Sins of the Father: The Intergenerational Legacy of the 1959-61 Great Chinese Famine on Children’s Cognitive Development
Xiaoyan Lei (CCER): Intergenerational Mobility in Education: Evidence from CHARLS.
12:45– 2 pm: Lunch
2:00-3:30 pm Trade
Chair: Rene Stulz (Ohio State and NBER)
Pol Antras (Harvard University and NBER): Contract Theory and Global Value Chains
Shang-Jin Wei (Columbia University and NBER): Sizing up Market Failures in Export Pioneering Activities
Miaojie Yu (CCER): Multiproduct Firms, Export Product Scope, and Trade Liberalization: The Role of Managerial Efficiency
3:30 -4 pm Coffee/tea break
4 – 5:30 pm: International finance I
Chair: Yiping Huang (CCER)
Menzie Chinn (Wisconsin, Madison and NBER): The Trilemma and Reserves: Measurement and Policy Implications
Yang Yao (CCER): Growth Differentials, the Life-Cycle Hypothesis and the Allocation Puzzle
Jianguo Xu (CCER): China A-share Stock Valuation: Fundamental Risk and Speculation premium
7:00 pm: Dinner hosted by the CCER
Keynote speech by YI Gang, Deputy Governor of China Central Bank (TBC)
Chair: Yang Yao (NSD Peking University)
June 27 (Friday)
8:30 – 9:30 am International finance II
Chair: Chong-en Bai
Pierre-Olivier Gourinchas (UC Berkeley and NBER): Global Safe Assets
JU Jiandong (Tsinghua), Justin Lin (CCER), LIU Qing (Tsinghua), and SHI Kang (Tsinghua): A Dynamic Structural Analysis of Real Exchange Rate and Current Account Imbalances: Theory and Evidences from China
9:30-9:45 am Coffee/tea break
9:45 –11:15 am: Policy and market
Chair: Rene Stultz (NBER and Ohio State University)
Bruce Weinberg (Ohio State and NBER): Strengthening Scientific Performance: Lessons and Benefits
Li Jin (Peking University and Oxford University): The Effect of Political Career Concerns on Media Slant and Market Return: Evidence from China
BAI Chong-en (Tsinghua), LIU Qing (Tsinghua) and YAO Wen (Tsinghua): Distortions to the Capital Market and their Implications on the Economic Structure: the Case of China
11:15 am – 12:00 pm: Lunch
Afternoon: Trip to the Great Wall (Simatai)
Bus leaves from CCER at 12:00 pm and from Lakeview Hotel at 12:30 pm
Casual dinner at/near the Great Wall
June 28 (Saturday)
8:45 am NBER participants check out the Lakeview Hotel (optional)
9:00-10:30 am: Retirement
Chair: Xiaobo Zhang (CCER)
Alan L. Gustman (Dartmouth and NBER): Pensions, Social Security and Retirement
Yaohui Zhao (CCER): Working After Processing Retirement: Evidence from CHARLS
Bo Zhao (CCER): Too Poor to Retire? House prices and Retirement
10:30-10:45 Coffee/tea break
10:45am-12:15 pm: College education
Chair: Menzie Chinn (Wisconsin and NBER)
Bridget T. Long (Harvard University and NBER): Making College Education Accessible to Disadvantaged Students (1)
Susan Dynarski (Michigan and NBER): Making College Education Accessible to Disadvantaged Students (2)”
Hongbin Li (Tsinghua): China’s College Education
12:15-12:20 Concluding remarks
12:20-1:30 pm: Lunch (Open to Alumni)
