East Asian Seminar on Economics
Benjamin Faber and Takeo Hoshi, Organizers
June 6-7, 2024
FORMAT: Author presentation: 40 mins/ 2 discussants: 10 mins each/ Author response: 5 mins/ General Q&A: 10 mins.
| Thursday, June 6 | ||||
| Topic: Global Shocks and Policy Responses | ||||
| Co-organized by National Bureau of Economic Research, Bank for International Settlements, Hong Kong Institute for Monetary and Financial Research, Business School of the Hong Kong University of Science and Technology | ||||
| 8:30 am | Registration and Welcome Coffee | |||
| 9:10 am | Welcoming Remarks: Darryl Chan, Deputy Chief Executive of the Hong Kong Monetary Authority | |||
| 9:15 am |
Session Chair: Takeo Hoshi, University of Tokyo Keynote Speech: Global Financial Cycle Speaker: Helene Rey, London Business School and NBER |
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| 10:15 am | Coffee Break | |||
| 10:29 am |
Session 1: Firm Behaviours under Monetary Policy Shocks Session Chair: Edwin Lai, Hong Kong University of Science and Technology |
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| 10:30 am |
Nan Liu, Yokohama National University Kiyotaka Sato, Yokohama National University Asymmetric Exchange Rate Pass-through between Unexpected Yen Appreciation and Depreciation: The Case for Japanese Machinery Exports
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| 11:45 am | Lunch | |||
| 1:00 pm |
Yao Amber Li, Hong Kong University of Science & Technology Lingfei Lu, Hong Kong University of Science & Technology Shang-Jin Wei, Columbia University and NBER Jingbo Yao, Hong Kong University of Science & Technology Global Monetary Policy Shocks, Financial Frictions, and Export Prices
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| 2:15 pm |
Donghai Zhang, National University of Singapore Lumpy R&D and the Great Twins: Great Moderation and Great Recession
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Session 2: Supply Shocks: Macroeconomic Implications and Policy Responses Session Chair: Ilhyock Shim, Bank for International Settlements |
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| 3:30 pm | Coffee Break | |||
| 3:45 pm |
Enisse Kharroubi, Bank for International Settlements Energy Shocks as Keynesian Supply Shocks: Implications for Fiscal Policy
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| 5:00 pm |
Xiwen Bai, Tsinghua University Jesús Fernández-Villaverde, University of Pennsylvania and NBER Yiliang Li, University of International Business and Economics Francesco Zanetti, University of Oxford The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory
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| 6:15 pm | Adjourn | |||
| 6:45 pm | Dinner (upon invitation) | |||
| Friday, June 7 | ||||
| 9:00 am | Welcome Coffee | |||
| 9:30 am |
Session Chair: Benjamin Faber, University of California, Berkeley and NBER Keynote Speech: Global Trends and Challenges: Service-Led Growth, Inequality, and Environmental Sustainability Speaker: Fabrizio Zilibotti, Yale University and NBER |
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| 10:30 am | Coffee Break | |||
| 10:44 am |
Session 3: Economic Analysis of International Power and Pandemic Control Session Chair: Jinill Kim, Korea University |
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| 10:45 am |
Ernest Liu, Princeton University and NBER David Yang, Harvard University and NBER International Power
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| 12:00 pm | Lunch | |||
| 1:30 pm |
Chin-Wen Yang, Chung-Hua Institute for Economic Research Economic Analysis of COVID-19 Non-Pharmaceutical Interventions in the Context of World Trade
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| 2:45 pm | Coffee Break | |||
| 2:46 pm |
Session 4: Stability and Capital Flows in Global Financial Markets Session Chair: Giorgio Valente, Hong Kong Institute for Monetary and Financial Research |
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| 3:00 pm |
Juyoung Yang, Korea Development Institute Credit Ratings in Sovereign Bond Markets
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| 4:15 pm | Coffee Break | |||
| 4:30 pm |
Tianyu Wang, Tsinghua University Global Volatility and Firm-Level Capital Flows
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| 5:45 pm | Closing Remarks | |||
| 6:30 pm | Dinner (upon invitation) | |||
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Local Contact: Ms. Selina Cheung (spscheung@hkma.gov.hk) |
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| This seminar is sponsored by the NBER, ADBI, BIS HK, CAMA (Australia), CCER, CIER (Taiwan), HKUST, KDI, Singapore NUS Business School, TCER and Tsinghua University. | ||||