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The Thirteenth NBER-CCER Conference on China and the World Economy

2011-06-22

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)