Structural Reforms and Economic Development Facing Increasing Uncertainty

Meeting time: November 14th -- November 15th

Meeting place: Virtual Conference

Sponsor: School of Applied Economics, Renmin University of China

National Academy of Development and Strategy, Renmin University of China

Chair: Zidong An(Associate Professor, School of Applied Economics, Renmin University of China)

Agenda

Saturday, November 14 (8:50 am—11:00 am, Beijing time)

Chair: Zidong An (Renmin University of China)

8:50 — 9:00 am Welcome and Introduction (Xinye Zheng)

9:00 — 9:40 am Keynote Speech

Title: “The Effect of the China Connect”

Speaker: John Rogers (Federal Reserve Board)

9:40 — 10:20 am Session 1

Title: “Stock Prices, Lockdowns, and Economic Activity in the Time of Coronavirus“

Speaker: Xuguang Sheng (American University; Associate Editor, International Journal of Forecasting)

Discussant: Li Su (Renmin University of China)

10:20 — 11:00 am Session 2

Title: Learning-through-Survey in Inflation Expectations

Speaker: Carola Binder (Haverford University; Associate Editor, Journal of Money Credit and Banking)

Discussant: Huancheng Du (Princeton University)

Sunday, November 15 (9:00 am—11:00 am, Beijing time)

Chair: Zidong An (Renmin University of China)

9:00 — 9:40 am Keynote Speech

Title: “Structural Reforms and Elections: Evidence from a World-Wide New Dataset”

Speaker: Chris Papageorgiou (IMF; Associate Editor, European Economic Review)

9:40 — 10:20 am Session 1

Title: “International Equity and Debt Flows: Composition, Crisis, and Controls”

Speaker: Chang Ma (Fudan University)

Discussant: Yang Liu (Renmin University of China)

10:20 — 11:00 am Session 2

Title: “Ripples into Waves: Trade Networks, Economic Activity, and Asset Prices”

Speaker: Huancheng Du (Princeton University)

Discussant: Dingqian Liu (American University)



Introduction of Speakers

Carola Binder is an Assistant Professor of Economics at Haverford College. She received a Ph.D. in economics from U.C. Berkeley in 2015. Her research focuses on expectations, perceptions, inflation, monetary policy, and central bank communication. She is an Associate Editor of the Journal of Money, Credit, and Banking and a member of the CEPR Research and Policy Network on Central Bank Communication.

Huancheng Du is currently a Postdoctoral Research Associate at the Paul and Marcia Wythes Center on Contemporary China, Princeton University, as part of the CUHK, Shenzhen-Princeton Postdoctoral Program. He earned his PhD and MS in Financial Economics from American University. His research interests include international finance, behavioral finance, asset pricing, international trade, wage inequality and applied econometrics.

Dingqian Liu is a Ph.D. Candidate in Economics at American University.Her research focuses on uncertainty, attention, stock market volatility and behavioral finance. Her other interests include Natural Language Processing (NLP) and Machine Learning (ML). She also has affiliation with The University of Chicago Booth School of Business.

Yang Liu is currently a research fellow at the School of Applied Economics, Renmin University of China. She also serves as an associate researcher in the International Finance and Banking Society. She received her PhD in July 2020 and her research interest covers international finance, energy finance and energy economics. She has published several papers in Journal of Futures Markets, Energy Policy and International Review of Financial Analysis and others.

Chang Ma is an Assistant Professor at Fanhai International School of Finance, Fudan University. He received his BA from Nankai University, MA from Renmin University and PhD in economics from Johns Hopkins University. Chang worked at IMF as a summer intern in 2016 and Bank of Finland (BOFIT) as a visiting researcher in 2020. His research interest lies in international finance, macroeconomics and macroprudential policy. His most recent work investigates the impact of capital controls on financial stability and economic growth as well as the overall effect of the China Connect.

Chris Papageorgiou is Chief of the Development Macroeconomics Division in the Research Department. He has led and participated in several country missions. He has also contributed to policy work on a variety of developing economy issues including transformation and diversification, public investment and capital flows. He has published extensively, and is an associate editor of the European Economic Review and IMF Economic Review.

John Rogers is a Senior Adviser in the International Finance Division of the Federal Reserve Board. He received his BA from the University of Delaware and PhD in economics from the University of Virginia. John was on the economics department faculty at Penn State University, where he rose to Associate Professor in 1996. He began working on the Fed’s multi-country model in the Trade & Financial Studies section, and became section chief in 2003. John is the author of several academic publications in international finance and macroeconomics. He continues to teach those subjects as an adjunct professor in the economics department at Georgetown University. John is the father of five children.

Xuguang Simon Sheng is an Associate Professor of Economics at American University. His research interests include time series econometrics, economic and financial forecasting. He has published in Journal of Econometrics, Journal of Applied Econometrics, Journal of International Monetary and Finance, Journal of Accounting and Economics, and Oxford Handbook on Economic Forecasting. He has also been awarded a Heinz König Young Scholar Award from Centre for European Economic Research (ZEW). He has served as a reviewer for highly ranked journals in his field, as a reviewer for National Science Foundation and as a co-organizer of four international conferences.

Li Su is an Associate Professor of Economics at Renmin University of China. He received a Ph.D. in economics from University of Oklahoma in 2013. His research focuses on Industrial Organization, International Economics, and Econometrics. He has published in Journal of Econometrics, Emerging Market of Finance and Trade, and others. His most recent work studies the relationship among import license, misallocation, and total factor productivity in the Chinese Steel Industry.

Xinye Zheng is a Professor of Economics and the Dean at School of Applied Economics, Renmin University of China. His research interests include Energy Economics, Digital Economics, and Globalization and Policy Synchronization. He has published in Nature Energy, Nature Communication, Energy Economics, China Economic Review, Environmental and Development Economics, Energy Policy, Regional Environmental Change. Professor Zheng also serves as non-residential Fellow at Brookings Institution. He has been very often serving as panelist at CCTV to talk about energy and fiscal issues. He has also contributed columns regularly to national newspapers.

Instructions for All Participants

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Contact Information of Conference Affairs Group

-- Yang ,Qinglin:yql@ruc.edu.cn

-- Wu ,Xi: wuxi222@ruc.edu.cn

-- Cui,Xintian: 2017200827@ruc.edu.cn