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lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt;mso-border-insideh:none;mso-border-insidev:none'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'><b style='mso-bidi-font-weight:normal'>The T</b><b style='mso-bidi-font-weight: normal'><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>hirteenth</span> NBER-CCER Conference on China and the World Economy</b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'><o:p>&nbsp;</o:p></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'>Time: <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>June 29-July 1</span>, 20<span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>11<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal align=center style='text-align:center'>Venue: CCER, Beijing University</p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><o:p>&nbsp;</o:p></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>June 28 (Tue), </span>7:00 </u></b><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>pm: Dinner r</span>eception at </u></b><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>the </span>CCER</u><o:p></o:p></b></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>(NBER participants will meet in the lobby of Lakeview Hotel at 6:40 pm)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>June 29 (Wed)<o:p></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>9:00  9:10 am: <b style='mso-bidi-font-weight:normal'>Opening remarks</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Yang Yao (CCER), James <span class=SpellE>Poterba</span> (NBER), Chong-En <span class=SpellE>Bai</span> (<span class=SpellE>Tsinghua</span>)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>9:10  11:10:<span style='mso-spacerun:yes'>  </span><b style='mso-bidi-font-weight:normal'>Macroeconomics </b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: Yang Yao <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Yiping</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> Huang (CCER): China s Capital Account Liberalization<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:17'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>David Li (<span class=SpellE>Tsinghua</span> and Monetary Policy Committee of the People s Bank of China): A</span>n&nbsp;<span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'>E</span>merging&nbsp;<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>P</span>olicy&nbsp;<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>P</span>aradigm&nbsp;of&nbsp;China's&nbsp;<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>M</span>acroeconomic&nbsp;<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>P</span>olicy<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:18'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>James <span class=SpellE>Poterba</span> (MIT and NBER): </span>The Long-Term U.S. Fiscal Challenge (<a href="Poterba.pdf">background paper</a>)<span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:19'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Edward <span class=SpellE>Lazear</span> (Stanford University and NBER):<span style='mso-spacerun:yes'>  </span></span>The Fiscal Situation, Economic Recovery and the Labor Market</p> </td> </tr> <tr style='mso-yfti-irow:20'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>11:10  11:25: coffee break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:21'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:22'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>11:25  12:25: <b style='mso-bidi-font-weight:normal'>Capital and Foreign Exchange </b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:23'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: </span><span style='mso-fareast-font-family:"Times New Roman"'>Edward <span class=SpellE>Lazear</span></span><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:24'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Patrick Bolton (Columbia University and NBER): </span>Contingent Capital and Counter-Cyclical Investment Strategies<span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:25'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Yi <span class=SpellE>Wen</span> (<span class=SpellE>Tsinghua</span>): Making Sense of China Foreign Reserves<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:26'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>12:25  1:45 pm: Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:27'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>2:00  3:30: <b style='mso-bidi-font-weight:normal'>Housing Markets</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:28'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: Chong-En <span class=SpellE>Bai</span><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:29'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Martin Schneider (Stanford University and NBER): </span><span style='color:black'>Borrowing and House Prices</span><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:30'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Shang-Jin Wei (Columbia University and NBER): Mating competition and housing market characteristics (<a href="Wei.pdf">background paper</a>)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:31'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Fan<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'> </span>He <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>(CASS):</span> Demographic <span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>C</span>hange and <span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'>H</span>ousing <span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>Pr</span>ice<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>s <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:32'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>3:30  3:45: Coffee break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:33'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:34'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>3:45  5:15: <b style='mso-bidi-font-weight:normal'>Education and Marriage<o:p></o:p></b></span></p> </td> </tr> <tr style='mso-yfti-irow:35'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: Shang-Jin Wei<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:36'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Bentley MacLeod (Columbia University and NBER): </span>The Anti-Lemons Effect and the Market for Education<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:37'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal>Li-An Zhou (Peking University GSM): Estimating the Return to Education: Evidence from China's Schooling Reform<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:38'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:39'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Tao Li (HSBC-PKU): Intergeneration Status and Marital Sorting<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:40'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:41'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>7:00 pm:<span style='mso-spacerun:yes'>  </span>Dinner hosted by the NBER<o:p></o:p></span></u></p> </td> </tr> <tr style='mso-yfti-irow:42'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p><span style='text-decoration:none'>&nbsp;</span></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:43'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p><span style='text-decoration:none'>&nbsp;</span></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:44'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>June 30 (Thu)<o:p></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:45'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:46'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>9:00  10:30 am: <b style='mso-bidi-font-weight:normal'>Land Markets and Land Reforms</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:47'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: Ho-<span class=SpellE>mou</span> Wu (CCER)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:48'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Hongbin</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> <span class=SpellE>Cai</span> (GSM, PKU): </span>Land Market Auctions in China: Evidence of Corruption?<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'> <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:49'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'>Michelle White (UC San Diego and NBER): <span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'>L</span>ocal <span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>G</span>overnment <span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>T</span>ax <span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>I</span>ncentives and <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>L</span>and <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>U</span>se in the United States (<a href="White.pdf">background paper</a>)</p> </td> </tr> <tr style='mso-yfti-irow:50'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Lixing</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> Li (CCER): </span>Land&nbsp;Titling&nbsp;in&nbsp;China:&nbsp;<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>the </span>Chengdu&nbsp;Experiment&nbsp;and&nbsp;Its&nbsp;Consequences<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:51'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>10:30  10:45: coffee break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:52'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:53'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>10:45 <a name="OLE_LINK2"></a><a name="OLE_LINK1"><span style='mso-bookmark:OLE_LINK2'> </span></a> 12:15: <b style='mso-bidi-font-weight: normal'>Financial Market</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:54'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-top:12.0pt;margin-right:0in;margin-bottom: 12.0pt;margin-left:0in;mso-para-margin-top:1.0gd;mso-para-margin-right:0in; mso-para-margin-bottom:1.0gd;mso-para-margin-left:0in'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: Julio <span class=SpellE>Rotemberg</span><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:55'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Monika <span class=SpellE>Piassezi</span>: </span><span style='color:black'>Interest Rate Risk in Credit Markets</span><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:56'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Qiao</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> Liu (GSM, PKU): </span>The <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>E</span>volution and <span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>C</span>onsequence of Chinese <span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>P</span>yramids<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:57'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Ailsa <span class=SpellE>Roell</span> (Columbia University): Managerial Pay and Stock Price Manipulation<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:58'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:59'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>12:15  1:30 pm: Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:60'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:61'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>1:45  3:45: <b style='mso-bidi-font-weight:normal'>Financial Stability</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:62'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: <span class=SpellE>Hongbin</span> <span class=SpellE>Cai</span><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:63'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Julio <span class=SpellE>Rotemberg</span> (Harvard Business School and NBER):<span style='mso-spacerun:yes'>  </span></span>Behavioral and Institutional Roots of Financial Instability<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:64'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span class=SpellE><span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>Xiaojing</span></span><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'> Zhang (CASS): <span style='mso-bidi-font-weight:bold'>Making Room for China's Currency: Development Potential and Future Path of <span class=SpellE>Renminbi</span> Internationalization</span><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:65'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:66'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span style='mso-fareast-font-family:"Times New Roman"'>David <span class=SpellE>Scharfstein</span> (Harvard Business School and NBER):<span style='mso-spacerun:yes'>  </span></span>Housing Finance and Financial Stability<span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:67'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:6.0pt;mso-para-margin-bottom:.5gd'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Jiandong</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> <span class=SpellE>Ju</span> (<span class=SpellE>Tsinghua</span>): Industry Dynamics and Economic Growth<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:68'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:69'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>3:45  4:00: Coffee break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:70'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:71'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>4:00  5:30: <b style='mso-bidi-font-weight:normal'>Public Finance<o:p></o:p></b></span></p> </td> </tr> <tr style='mso-yfti-irow:72'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: </span><span style='mso-fareast-font-family:"Times New Roman"'>James <span class=SpellE>Poterba</span> </span><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:73'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chong-En <span class=SpellE>Bai</span> (<span class=SpellE>Tsinghua</span> University): </span>Payroll Tax and Household Consumption<span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:74'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-bottom:12.0pt;mso-para-margin-bottom:1.0gd'>Roger Gordon (UC San Diego and NBER): The Role of the Corporate Tax</p> </td> </tr> <tr style='mso-yfti-irow:75'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Fan Zhang (CCER): Government Control in the Process of Market Liberalization<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:76'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:77'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>7:00 pm: Dinner hosted by the CCER<o:p></o:p></span></u></p> </td> </tr> <tr style='mso-yfti-irow:78'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:79'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:80'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>July 1 (Friday)<o:p></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:81'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><span style='mso-spacerun:yes'> </span><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:82'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>9:00  10:30 am: <b style='mso-bidi-font-weight:normal'>Income Distribution and Labor Supply<o:p></o:p></b></span></p> </td> </tr> <tr style='mso-yfti-irow:83'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: </span>Roger Gordon<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:84'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span class=SpellE><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Feng</span></span><span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'> Lu (CCER): Changing Labor Supply in China<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:85'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Yan <span class=SpellE>Shen</span> (CCER): New Evidence of Income Distribution in China<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:86'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:87'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span class=SpellE>Yuyu</span> Chen<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'> (GSM, PKU)</span>: Short-term and Long-term Labor Supply Elasticity: Evidence from Beijing Cabdrivers<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:88'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:89'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>10:30  10:45: Coffee break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:90'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:91'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>10:45  11:45:<b style='mso-bidi-font-weight:normal'> Health </b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:92'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='margin-top:12.0pt;margin-right:0in;margin-bottom: 12.0pt;margin-left:0in;mso-para-margin-top:1.0gd;mso-para-margin-right:0in; mso-para-margin-bottom:1.0gd;mso-para-margin-left:0in'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Chair: <span class=SpellE>Feng</span> Lu<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:93'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span class=SpellE><span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>Yaohui</span></span><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'> Zhao (CCER): Rural Health Care in China<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:94'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='mso-fareast-font-family:"Times New Roman"'>Janet Currie (Columbia University and NBER): </span>Health Inequality in Early Life: Consequences for Human Capital Formation <a href="Currie.pdf">(background paper</a>)<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:95'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>11:45  11:55: <b style='mso-bidi-font-weight:normal'>Closing remarks</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:96'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:97'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>12:10  1:30: Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:98'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:99'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Afternoon: <b style='mso-bidi-font-weight:normal'>Hike on the Great Wall</b> (<span class=SpellE>Jinshanling</span> section)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:100'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:101'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>2:00 pm: Bus leaves from the Lakeview Hotel<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:102'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:103'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><u><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Other information:<o:p></o:p></span></u></p> </td> </tr> <tr style='mso-yfti-irow:104'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:105'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>Emergency contact</span></b><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>:<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:106'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:107'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal>CCER contact persons: </p> </td> </tr> <tr style='mso-yfti-irow:108'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Prof. </span>Yang Yao: 137<span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'>-</span>0114<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>-</span>2170 (cell), 6275-3103 (office)</p> </td> </tr> <tr style='mso-yfti-irow:109'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Ms. </span>Jiao Wang: 159<span style='mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN'>-</span>0102<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'>-</span>1990 (cell), 6276-6005 (office)</p> </td> </tr> <tr style='mso-yfti-irow:110'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><o:p>&nbsp;</o:p></p> </td> </tr> <tr style='mso-yfti-irow:111'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal>NBER contact person:</p> </td> </tr> <tr style='mso-yfti-irow:112'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Prof. </span>Shang-Jin Wei: (NY) (212) 854-9139, (China cell): 1<span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'>5</span>80-1700-315</p> </td> </tr> <tr style='mso-yfti-irow:113'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family:SimSun;mso-fareast-language:ZH-CN'><o:p>&nbsp;</o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:114'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><b style='mso-bidi-font-weight:normal'>Lakeview Hotel </b>(Please note the hotel change)<span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:115'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>No.127, <span class=SpellE>Zhongguancun</span> North Road, <span class=SpellE>Haidian</span> District, Beijing</span> </p> </td> </tr> <tr style='mso-yfti-irow:116'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal>(<span lang=ZH-TW style='font-family:"PMingLiU","serif"; mso-ascii-font-family:"Times New Roman";mso-hansi-font-family:"Times New Roman"'>wmÀm:S-NsQQgS'YWˆ</span>127<span lang=ZH-TW style='font-family:"PMingLiU","serif";mso-ascii-font-family:"Times New Roman"; mso-hansi-font-family:"Times New Roman"'>÷S</span>)</p> </td> </tr> <tr style='mso-yfti-irow:117'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal>Phone: (010) 8268-9999<span style='mso-fareast-font-family: SimSun;mso-fareast-language:ZH-CN'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:118'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Fax: (010) 8268-9998<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:119'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><a href="http://www.thelakeviewhotel.com.cn/index_en.html">http://www.thelakeviewhotel.com.cn/index_en.html</a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:120'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:121'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:122;mso-yfti-lastrow:yes'> <td width=690 valign=top style='width:517.5pt;padding:0in 5.4pt 0in 5.4pt'> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'>Program Committee: Yang Yao (CCER), Chong-En <span class=SpellE>Bai</span> (<span class=SpellE>Tsinghua</span>), and Shang-Jin Wei (NBER)<o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:SimSun;mso-fareast-language: ZH-CN'><o:p>&nbsp;</o:p></span></p> </div> </body> </html>