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)