The Second PHBS Workshop in Macroeconomics and Finance

 
December 13-15, 2019
Venue: 509, PHBS Building, Peking University HSBC Business School, Peking University Shenzhen
 
Program: 40 minutes for the speaker, 15 minutes for the discussant and 5 miniutes for Q and A. 
Day 1, December 13, 2019 (Friday)

8:30 - 8:45 Conference Registration
8:45 - 9:00 Opening Speech
 
9:00-12:20 Morning Session: Liquidity
                   Chairman: Pengfei Wang (Peking University and Hong Kong University of Science and Technology)
 

9:00-10:00 Francisco Buera (Washington University at St Louis), Economics of Liquidity Traps: Paradoxical?

 

10:00-10:20 Coffee Break
 

10:20-11:20 Shengxing Zhang (London School of Economics), On Safe Assets as Collateral Multiplier

Discussant: Guangyu Nie (Shanghai University of Finance and Economics)

 

11:20-12:20 Yan Ji (Hong Kong University of Science and Technology), Nondispersive Uncertainty, Credit Misallocation, and Endogenous Disasters

Discussant: Vincenzo Quadrini (University of Southern California)
 
12:30-14:00 Lunch Break (PHBS Shangshufang, 1F)
 
14:00-17:40 Afternoon Session: Corporate Finance
                     Chairman: Winston Dou (University of Pennsylvania)
 

14:00-15:00 Di Li (Peking University), Sword of Damocles: Job Security and Earnings Management

Discussant: Quan Wen (Georgetown University)

 

15:00-15:20 Coffee Break
 

15:20-16:20 Jianfeng Yu (Tsinghua University), Priming and Stock Preferences: Evidence from IPO Lotteries

Discussant: Kai Li (Hong Kong University of Science and Technology)

 
16:20-16:40 Coffee Break
 

16:40-17:40 Linlin Ma (Peking University), Peer versus Pure Benchmarks in the Compensation of Mutual Fund Managers

Discussant: Li An (Tsinghua University)


17:50 - 18:20 Group Photo and Building Tour (PHBS Building Hall)
18:30             Departing for Dinner 
 
Day 2, December 14, 2019 (Saturday)
 
9:00-12:20 Morning Session:Finance and Macro Economy
                    Chairman: Jake Zhao (Peking University)
 
9:00-10:00 Lubos Pastor (University of Chicago), Inequality Aversion, Populism, and the Backlash Against Globalization
 
10:00-10:20 Coffee Break
 
10:20-11:20 Stavros Panageas (University of California at Los Angeles), Finance in a Time of Disruptive Growth
Discussant: Winston Dou (University of Pennsylvania)
 

11:20-12:20 Hui Chen (Massachusetts Institute of Technology), Predation or Self-Defense? Endogenous Competition and Financial Distress

Discussant: Zongbo Huang (Chinese University of Hong Kong, Shenzhen)
 
12:30-14:00 Lunch Break (PHBS Shangshufang, 1F)
 
14:00-17:40 Afternoon Session:Trade and Capital Flow
                      Chairman: Jinhui Bai (Washington State University & Peking University)
 

14:00-15:00 Vincenzo Quadrini (University of Southern California), The Impact of Industrialized Countries' Monetary Policy on Emerging Economies

Discussant: Jackie Kai Zhao (University of Connecticut)
 
15:00-15:20 Coffee Break
 

15:20-16:20 Xiang Fang (University of Hong Kong), Intermediary Leverage and Currency Risk Premium

Discussant: Yang Liu (University of Hong Kong)

 

16:20-16:40 Coffee Break
 

16:40-17:40 Zhimin Li (Peking University), Structural Transformation in China: The Roles of Trade and Migration Cost Reductions

Discussant: Sichuang Xu (Chinese University of Hong Kong, Shenzhen)

 
18:00    Departing for Dinner

 

Day 3, December 15, 2019 (Sunday)

 
 9:00-12:20  Morning Session: Theory
                     Chairman: Jiao Shi (Peking University)
 
9:00-10:00 Marek Weretka (University of Wisconsin at Madison), Quasilinear Approximations

Discussant: Jinhui Bai (Washington State University & Peking University)

 
10:00-10:20 Coffee Break
 
10:20-11:20 Zhen Huo (Yale University), Dynamic Information Aggregation
Discussant: Yan Xiong (Hong Kong University of Science and Technology)
 
11:20-12:20 Ernest Liu (Princeton University), Market Power in Small Business Lending: A Two-Dimensional Bunching Approach
Discussant: Ye Li (The Ohio State University)
 
12:20-12:40 Coffee Break and Pick Up Lunch Boxes( Room 763, Faculty Lounge, PHBS Building)
 
12:40-13:40 Xuewen Liu (University of Hong Kong), Delayed Recessions and Slow Recovery
 Discussant: Zhen Zhou (Tsinghua University)
 
14:00-21:00  Tour and Dinner 

 

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