The Thirteenth NBER-CCER Conference on China and the World Economy
Time: June 29-July 1, 2011
Venue: CCER, Beijing University
June 29 (Wed)
8:30 – 9:00 am: Registration
9:00 – 9:10: Opening remarks
Yang Yao (CCER), James Poterba (NBER), Chong-En Bai (Tsinghua)
9:10 – 11:10: Macroeconomics
Chair: Yang Yao
Yiping Huang (CCER): China’s Capital Account Liberalization
David Li (Tsinghua and Monetary Policy Committee of the People’s Bank of China): An Emerging Policy Paradigm of China's Macroeconomic Policy
James Poterba (MIT and NBER): The Long-Term U.S. Fiscal Challenge
Edward Lazear (Stanford University and NBER): The Fiscal Situation, Economic Recovery and the Labor Market
11:10 – 11:25: coffee break
11:25 – 12:25: Capital and Foreign Exchange
Chair: Edward Lazear
Patrick Bolton (Columbia University and NBER): Contingent Capital and Counter-Cyclical Investment Strategies
Yi Wen (Tsinghua): Making Sense of China Foreign Reserves
12:25 – 1:45 pm: Lunch
2:00 – 3:30: Housing Markets
Chair: Hongbin Cai
Martin Schneider (Stanford University and NBER): Borrowing and House Prices
Shang-Jin Wei (Columbia University and NBER): Mating competition and housing market characteristics
Fan He (CASS): Demographic Change and Housing Prices
3:30 – 3:45: Coffee break
3:45 – 5:15: Education and Marriage
Chair: Shang-Jin Wei
Bentley MacLeod (Columbia University and NBER): The Anti-Lemons Effect and the Market for Education
Li-An Zhou (Peking University GSM): Estimating the Return to Education: Evidence from China's Schooling Reform
Tao Li (HSBC-PKU): Intergeneration Status and Marital Sorting
June 30 (Thu)
9:00 – 10:30 am: Land Markets and Land Reforms
Chair: Ho-Mou Wu (CCER)
Hongbin Cai (GSM, PKU): Land Market Auctions in China: Evidence of Corruption?
Michelle White (UC San Diego and NBER): Local Government Tax Incentives and Land Use in the United States
Lixing Li (CCER): Land Titling in China: the Chengdu Experiment and Its Consequences
10:30 – 10:45: coffee break
10:45 – 12:15: Financial Market
Chair: Julio Rotemberg
Monika Piazzesi (Stanford University and NBER): Interest Rate Risk in Credit Markets
Qiao Liu (GSM, PKU): The Evolution and Consequence of Chinese Pyramids
Ailsa Roell (Columbia University): Managerial Pay and Stock Price Manipulation
12:15 – 12:25: Group photo
1:45 – 3:45: Financial Stability
Chair: Chong-En Bai
Julio Rotemberg (Harvard Business School and NBER): Behavioral and Institutional Roots of Financial Instability
Xiaojing Zhang (CASS): Making Room for China's Currency: Development Potential and Future Path of Renminbi Internationalization
David Scharfstein (Harvard Business School and NBER): Housing Finance and Financial Stability
Jiandong Ju (Tsinghua): Industry Dynamics and Economic Growth
3:45 – 4:00: Coffee break
4:00 – 5:30: Public Finance
Chair: James Poterba
Chong-En Bai (Tsinghua University): Payroll Tax and Household Consumption
Roger Gordon (UC San Diego and NBER): The Role of the Corporate Tax
Fan Zhang (CCER): Market Liberalization in Key Industries
July 1 (Friday)
9:00 – 10:30 am: Income Distribution and Labor Supply
Chair: Roger Gordon
Feng Lu (CCER): Changing Labor Supply in China
Yan Shen (CCER): New Evidence of Income Distribution in China
Yuyu Chen (GSM, PKU): Short-term and Long-term Labor Supply Elasticity: Evidence from Beijing Cabdrivers
10:30 – 10:45: Coffee break
10:45 – 11:45: Health
Chair: Feng Lu
Xiaoyan Lei (CCER): Health, Health Care and Socio-economic Status among the Elderly in China: Evidence from the CHARLS Pilot
Janet Currie (Columbia University and NBER): Health Inequality in Early Life: Consequences for Human Capital Formation
11:45 – 11:55: Closing remarks
Program Committee: Yang Yao (CCER), Chong-En Bai (Tsinghua), and Shang-Jin Wei (NBER)