4th HenU / INFER Workshop on Applied Macroeconomics

June 23rd and 24th 2018


On June 23rd and 24th 2018 the Center for Financial Development and Stability (CFDS) at Henan University and the International Network for Economic Research (INFER), will organize their 4th annual Workshop on Applied Macroeconomics hosted by Henan University.

With TTIP failing to gain popular support in Europe, and CETA only barely making its way through the European institutions, Trumps protectionist agenda threatening the very existence of NAFTA, and the uncertain conditions of the Brexit looming over Europe, the role of international macroeconomic links has a role in the spotlight of attention.
On the one hand, the developed economies in the Western hemisphere are looking at the more dynamic emerging markets (in particular China), hoping for impulses to their own economy. At the same time, a wave of protectionist sentiment seems to be sweeping over the globe.
Therefore, this year’s workshop will have a focus on international macroeconomics, especially topics relating to trade, exchange rate and capital market regulation. As always, we invite papers from all fields in applied macroeconomics, but papers matching those issues are particularly welcome.

We are proud to announce our 2018 keynote speakers. Keynote Lectures will be delivered by


Prof. Martín Uribe

Department of Economics at Columbia University, NY


 Prof. Stephanie Schmitt-Grohé

Department of Economics at Columbia University, NY


Travel and accomodation

 Lunch and dinner are provided for all participants of accepted papers by Henan University. Rooms including breakfast are available at the conference venue (New Century Grand Hotel Kaifeng) for a special conference rate of roughly 400 RMB (about 60 USD or 50 EUR).


Special Issue

Selected, excellent papers in international macroeconomics will be considered for a special issue in Review of International Economics. All presenters who wish their papers to be considered, should indicate so on their submission. Those papers will be subject to additional double blinded peer review.



Submission is closed now.


Post-conference trip

Henan University will organize a post-conference trip to some of Kaifeng´s major sights on June 25th, 2018. Kaifeng is one of the seven ancient capitals of China with many ancient or reconstructed landmarks from its prime during the Northern Song Dynasty (960 - 1127). The fee for the trip will be around 350 RMB (about 55 USD or 45 EUR) payable during the conference at the reception desk.


Organizing Committee

Makram EL-SHAGI (HenU / IWH)

ZHANG Lin (HenU)

Contact / Support

Kerstin EL-SHAGI (HenU)

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Scientific Committee

Makram EL-SHAGI (HenU / IWH)

ZHANG Lin (HenU)


DONG Baomin (HenU)

Jarko FIDRMUC (Zeppelin University)


JIANG Lunan (HenU)

Hojin JUNG (HenU)

Frank SHAO (HenU)

SUN Rongrong (HenU)



July 18th - 19th 2017


The 2017 Symposium of Development and Institutional Economics was held in Kaifeng, China, July 18-19,  2017, immediately following the 5th Annual International Symposium on Quantitative History that was hold in Kaifeng too ( The School of Economics of Henan University was sponsor and hosted both events.

Information about the two previous symposiums of this series can be found at and  

The Symposium attracted both Chinese and overseas scholars to present their latest research on a wide range of topics within the broadly defined areas of development and institutional economics.


July 16 - 17 2017


The Fifth Annual International Symposium on Quantitative History took place at Henan University in Kaifeng, Henan Province, China, from July 16 - 17, 2017. The symposium was hosted by Henan University in collaboration with University of Hong Kong, Tsinghua University and Peking University, and contracted to the School of Economics of Henan University. The theme for this year's Symposium was "Civilization: a Millennial Perspective”. 


 March 17th and 18th 2017


During the last years dynamic macroeconomics experienced a revolution. With central banks all over the world hitting the zero lower bound and resorting to quantitative easing, the workhorse models used in quantitative macro that were built around central banks who set the interest reate, became almost impossible to apply. Almost a decade after the beginning of the Great Recession, it remains a key challenge to the profession to understand macroeconomic dynamics in a time, where the nominal interest rate is close to zero, monetary policy is based on quantities, and growth is persistently depressed.

On March 17th and 18th 2017 the School of Economics of Henan University (HenU) and the International Network for Economic Research (INFER)  devoted their third joint workshop on applied macroeconomics to those and related issues.

More information about the workshop can be found on our website


The School of Economcis organized on June 17th 2016 a workshop about the international perspective of financial and fiscal challenges for China under "New Normal" featuring presentations of Prof. Wing Thye Woo (UC Davis), Prof. Alan Auerbach (UC Berkeley) and Prof. Kiyohiko Nashimura (University of Tokyo). The workshop took place on new campus, building of the school of economcis (Room: Museum, 1st Floor).


2nd HenU / INFER Workshop on Applied Macroeconomics

18-19 March 2016, Henan (China)

jointly organized by

School of Economics of Henan University (HenU)

International Network for Economic Research (INFER)


Ever since the outbreak of the great financial crisis, economists have to face the question why our profession failed to foresee the crisis. Thus, our understanding of business cycles and our forecasting techniques have been subject to intense scrutiny, not only from outside the profession but mainly from inside. The consensus that emerged during the so called Great Moderation, that is now considered a brewing storm rather than a phase of prosperity, has crumbled. At the same time, with a potential structural break only a few years back, new challenges arose for the analysis and prediction of business cycle fluctuation. Therefore, it is more important than ever to work on the empirical understanding of the business cycle and to improve our toolbox for forecasting, in particular forecasting in ime of crisis and forecasting crisis.

On March 18th and 19th the School of Economics (HenU) and the International Network for Economic Research (INFER) devoted their second joint workshop on applied macroeconomics to these and related issues.


In June 2015, our school hosted for the second time the Henan Symposium on Development and Institutional Economics. More than 50 participants presented their recent research results in the areas of economic development broadly defined to include international trade and finance, economic history, and institutional economics, etc.

The Symposium gathered a group of scholars who are very active in their research frontiers, such as Kenneth Chan, Biung-Ghi Ju, Kwan Choi, Daniel Berkowitz, Wesley Wilson, Peter Egger, Chi Chur Chao, Hong Hwang, Wuyang Hu, Guenter Heiduk, and Lex Zhao.

1st HenU /INFER Workshop on Applied Macroeconomics

18-19 March 2015, Henan (China)

jointly organized by

School of Economics of Henan University (HenU)

International Network for Economic Research (INFER)


On March 18th and 19th 2015 the School of Economics at Henan University (HenU) and the International Network for Economic Research (INFER) organized their first joint workshop on applied macroeconomics at the Kaifeng Zhongzhou International Hotel. The organizers welcomed more than 30 participants from China and the US, Germany, Spain, Serbia, Belgium, Switzerland, Japan, UK and Finland.

The School of Economics organized on May 13th 2018 a workshop on long-run development featuring a keynote speech of Prof. Nathan Nunn (Harvard University). The workshop took place on old campus of Henan University, at Henan Universities' Yellow River Civilization and Sustainable Development Center.




Saturday, May 12th


Recommended hotel: Pullman Kaifeng

Sunday, May 13th


KEYNOTE TALK: 9:05 - 10:05

Nathan Nunn (Harvard University)
Understanding Cultural Persistence and Change

GROUP PICTURE: 10:05 - 10:15 (Coffee/Tea Break)

SESSION 1: 10:15 - 12:15

Chair: Kaixiang Peng (Henan University)

Yu Hao (Peking University)
Bring down the gentry: the abolition of exam, local self-governance and anti-gentry uprisings, 1902-1911

Phil Z. Xu (Henan University), Yu Zhang (Nanjing Audit U.), Shahriar Kibriya (Texas A&M)
The Long-Run Effects of the Slave Trade on the Political Violence in Sub-Saharan Africa

Ying Bai (Chinese University of Hong Kong) and Ruixue Jia (UCSD)
Political Hierarchy and Regional Development: China, A.D., 1000-2000

 Lunch 12:15 - 14:00

SESSION 2: 14:00 - 16:00

Chair: Phil Xu (Henan University)

Chicheng Ma (UHK), Ying Bai (CUHK), James Kung (HKUST)
The Rise of Confucianism: Migration, Competition, and Cultural Formation in Historical China

Baomin Dong (Henan University) and Yibei Guo (Henan University)
Building State Capacity: A Quantification of Pre-Qin Case


Bingtao Song (Henan University)
On the Time and Location of the Xia Dynasty as a Fiscal State: Evidence from Archaeological Remains and Legendary Records

Coffee/Tea Break: 16:00 - 16:10

SESSION 3: 16:10 - 17:30

Chair: Bingtao Song (Henan University)

Jiannan Li
(Xiamen University)
Guns, Ships and Rice: Modern China's Treaty Opening and Domestic Market Integration


Kaixiang Peng (Henan University)
Malthusian Trap or Smithian Growth: A Research on the Living Standards of China from 10th to 19th Century

DINNER: 18:00 - 20:30


Note: Authors whose names appear in bold font are presenting authors