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HenU/INFER Workshop on Applied Macroeconomics 5.5

Program

November 5th - Day 1

Conference Opening - Welcome Speeches

Welcome Speech by Makram El-Shagi

Welcome Speech by Dean SONG Bingtao of our School of Economics at Henan University

Welcome Speech by INFER Chair Josep-Maria Arauzo-Carod

Parallel Session 1 A - International Spillovers

08:45 AM - 10:15 AM

Prof. Martín Uribe


Prof. Martín Uribe

Columbia University

Special Guest Star Chair

The China Shock, Market Concentration and the U.S. Phillips Curve

Melih Firat - John Hopkins University
08:45 AM - 09:15 AM
Abstract

Global Risk and the Dollar

Georgios Georgiadis - European Central Bank
Gernot J. Müller - University of Tübingen and CEPR
Ben Schumann - Free University of Berlin
09:15 AM - 09:45 AM
Abstract

The Effects of Oil Price Uncertainty on China’s Economy

Bin Wang - Jinan University
Buben Fu - Shanghai University of Finance and Economics
Qinhua Xu - Renmin University of China
09:45 AM - 10:15 AM
Abstract

Parallel Session 1 B - Zero Lower Bound

08:45 AM - 10:15 AM

Prof. Lawrence Christiano


Prof. Lawrence Christiano

Northwestern University

Special Guest Star Chair

Optimal Monetary Policy Mix at the Zero Lower Bound

Gernot J. Müller - University of Tübingen and CEPR
Joonseok Oh - Free University of Berlin
08:45 AM - 09:15 AM
Abstract

Are Government Spending Shocks Inflationary at the Zero Lower Bound? New Evidence from Daily Data

Songyup Choi - Yonsei University
Junhyeok Shin - Johns Hopkins University
Seung Yong Yoo - Yonsei University
09:15 AM - 09:45 AM
Abstract

Interest Rate Fixation and Business Cycles in China: An Analysis Based on the New Keynesian Model

Bing Tong - Henan University
Guan Yang - Nankai University
09:45 AM - 10:15 AM
Abstract

Parallel Session 2 A - Extreme Monetary Policy

10:45 AM - 12:15 PM

Prof. William A. Barnett


Prof. William A. Barnett

University of Kansas

Special Guest Star Chair

Fiscal and Monetary Policy Interactions in a Model with Low Interest Rates

Jianjun Miao - Boston University
Dongling Su - Boston University
10:45 AM - 11:15 AM
Abstract

Do Divisia Monetary Aggregates Help Forecast Exchange Rates in a Negative Interest Rate Environment?

Jane Binner - University of Birmingham
Luis Molinas - Central Bank of Paraguay
11:15 AM - 11:45 AM
Abstract

When Monetary Policy Reverses: The Case of Interest-on-Excess-Reserves (IOER)

Irem Erten - Warwick Business School / Bank of England
11:45 AM - 12:15 PM
Abstract

Parallel Session 2 B - Selected Topics

10:45 AM - 11:45 AM

Prof. Joshua Aizenman


Prof. Joshua Aizenman

University of Southern California

Special Guest Star Chair

Hysteresis and Full Employment in a Small Open Economy

Timothy Watson - Australian National University
Juha Tervala - University of Helsinki
10:45 AM - 11:15 AM
Abstract

Natural Disasters and Financial Stress: Can Macroprudential Regulation Tame Green Swans?

Pauline Avril - University of Orleans - LEO
Grégory Levieuge - Banque de France
Camelia Turcu - University of Orleans - LEO
11:15 AM - 11:45 AM
Abstract

KEYNOTE SPEECH

01:30 PM - 02:30 PM

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Joshua Aizenman

Robert R. and Katheryn A. Dockson Chair in Economics and International Relations
at the Department of Economics at the USC Dornsife College of Art, Letters and Science

Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges

Abstract

Parallel Session 3 A - Monetary Policy in China (I)

03:00 PM - 04:30 PM

Prof. Michael Zheng


Prof. Song (Michael) Zheng

Chinese University of Hong Kong

Special Guest Star Chair

Money Demand in China: A Regional Perspective

Kiril Tochkov - Texas Christian University
03:00 PM - 03:30 PM
Abstract

Feasibility of Renminbi Price Level Targeting: Better for China’s Housing Prices?

Wen-Chyng Lou - E.SUN Bank Hong Kong Branch
Kuo-chun Yeh - National Taiwan University
Ya-chi Lin - Feng-Chia University
03:30 PM - 4:00 PM
Abstract

Nine Blind Men and the PBoC

Makram El-Shagi - Henan University
Yishuo Ma - Henan University
04:00 PM - 04:30 PM
Abstract

Parallel Session 3 B - Macroeconomic Shocks

03:00 PM - 04:30 PM

Prof. Fabio Canova


Prof. Fabio Canova

Norwegian Business School

Special Guest Star Chair

Sectoral Shocks, Production Linkages, and Business Cycles in China

Lunan Jiang - Henan University
Young Sik Kim - Seoul National University
Lin Zhang - Henan University
03:00 PM - 03:30 PM
Abstract

Have Monetary Policy Shocks Influenced the Health of European Banks?

Alexander Jung - European Central Bank
03:30 PM - 04:00 PM
Abstract

Household Indebtedness and the Macroeconomic Effects of Tax Changes

Songyup Choi - Yonsei University
Junhyeok Shin - Johns Hopkins University
04:00 PM - 04:30 PM
Abstract

KEYNOTE SPEECH

05:00 PM - 06:00 PM

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Song (Michael) Zheng

Chinese University of Hong Kong, Department of Economics /
Co-Director, CUHK-Tsinghua Joint Research Center for Chinese Economy

Special Deals from Special Investors: The Rise of State-Connected Private Owners in China

Abstract

November 6th - Day 2

Parallel Session 4 A - Institutions

09:00 AM - 11:00 AM

Prof. Kenneth D. West


Prof. Kenneth D. West

University of Wisconsin - Madison

Special Guest Star Chair

Globalization and the Rise of Populist Radical Right in Europe

Makram El-Shagi - Henan University
Steven J. Yamarik - California State University Long Beach
09:00 AM - 09:30 AM
Abstract

How Alliances Form and Conflict Ensues

Lu Dong - University of Nottingham
Lingbo Huang - Nanjing Audit University
Jaimie W. Lien - The Chinese University of Hong Kong
Jie Zheng - Tsinghua University
09:30 AM - 10:00 AM
Abstract

Does Informality Hinder Financial Development Convergence?

Can Sever - IMF
Emekcan Yucel - Bogazici University
10:00 AM - 10:30 AM
Abstract

Innovation Beyond Jurisdiction Boundaries: Regional Integration and Spatial Reshaping of Innovation Patterns

Siyu Wang - Shanghai University of International Business and Economics
Peizhen Jin - East Normal University
10:30 AM - 11:00 AM
Abstract

Parallel Session 4 B - Monetary Policy in China (II)

09:00 AM - 10:30 AM

Prof. Harald Uhlig


Prof. Harald Uhlig

University of Chicago

Special Guest Star Chair

The Dynamic Effects of Macroeconomic Announcements on the Volatilities of Renminbi Onshore and Offshore Exchange Rates

Zhitao Lin - Jinan University
Tao Tang - Jinan University
09:00 AM - 09:30 AM
Abstract

Monetary Policy Surprises and Corporate Investment in China

Dong Lu - Renmin University of China
Huoqing Tang - Renmin University of China
Chengsi Zhang - Renmin University of China
09:30 AM - 10:00 AM
Abstract

The Role of SOE in the Transmission of Fiscal Policy Shocks in China

Makram El-Shagi - Henan University
Lin Zhang - Henan University
10:00 AM - 10:30 AM
Abstract

Plenary Session - The Digital Economy

11:00 AM - 01:00 PM

Prof. Stephanie Schmitt-Grohé


Prof. Stephanie Schmitt-Grohé

Columbia University

Special Guest Star Chair

Central Bank Digital Currency: When Price and Bank Stability Collide

Linda Schilling - École Polytechnique, CREST, and CEPR
Jesús Fernández-Villaverde - University of Pennsylvania, NBER, and CEPR
Harald Uhlig - University of Chicago, CEPR, and NBER
11:00 AM - 11:30 AM
Abstract

Stuck in the Wisdom of Crowds: Information, Knowledge, and Heuristics

Yunwen He - Tsinghua University
Jaimie W. Lien - The Chinese University of Hong Kong
Jie Zheng - Tsinghua University
11:30 AM - 12:00 PM
Abstract

Financial Technologies and the Effectiveness of Monetary Policy Transmission

Iftekhar Hasan - Fordham University
Boreum Kwak - IWH Halle
Xiang Li - IWH Halle
12:00 PM - 12:30 PM
Abstract

Sharing Economy and Housing Markets

Jarko Fidrmuc - Zeppelin University
Philipp Reichle - Zeppelin University
Fabian Reck - Zeppelin University
12:30 PM - 01:00 PM
Abstract

Parallel Session 5 A - Firm-level Evidence from China

03:00 PM - 04:30 PM

Prof. Helmut Lütkepohl


Prof. Helmut Lütkepohl

Free University of Berlin

Special Guest Star Chair

Does Targeted Monetary Policy Affect the Innovation of Small and Micro-enterprises? Evidence from China

Qi Liu - Southeast University
Bin Dong - Southeast University
03:00 PM - 03:30 PM
Abstract

Under the Same Roof? The Green Belt and Road Initiative and Firms’ Heterogeneous Responses

Mingming Jiang - Shandong University
Jianhong Qi - Shandong University
Zhitong Zhang - Shandong University
03:30 PM - 04:00 PM
Abstract

Tariff Reduction, Productivity and Wages: the Firm-level Evidence from China

Qianqian Wang - Henan University

04:00 PM - 04:30 PM
Abstract

Parallel Session 5 B - Bayesian VAR

03:00 PM - 04:30 PM

Prof. Barbara Rossi


Prof.Barbara Rossi

Universidad Pompeu Fabra

Special Guest Star Chair

What Goes Around Comes Around: How Large are Spillbacks from US Monetary Policy?

Maximilian Breitenlechner - University of Innsbruck
Georgios Georgiadis - European Central Bank
Ben Schumann - Free University of Berlin
03:00 PM - 03:30 PM
Abstract

Current Account Imbalance and Financial Accelerator Asymmetry-A Two-Country DSGE Model with Risk Shocks

Tao Jin - Tsinghua University
Simon Kwok - The University of Sydney
Xin Zheng - Tsinghua University
03:30 PM - 04:00 PM
Abstract

How Do Credit Supply and Demand Influence Business Cycle Dynamics?

Christiane Baumeister - University of Notre Dame
Gregor von Schweinitz - IWH Halle / Leipzig University
04:00 PM - 04:30 PM
Abstract

KEYNOTE SPEECH

05:00 PM - 06:00 PM

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Helmut Lütkepohl

Bundesbank Professor at the Freie Universität Berlin and Dean of the DIW Berlin Graduate Center

Heteroskedastic Proxy Vector Autoregressions

Abstract