May 21-22, 2016
PBC School of Finance, Tsinghua University
Beijing, China
The Federal Reserve Bank of the United States at St. Louis, PBC School of Finance, National Institute of Financial Research, School of Economics and Management and National Institute for Fiscal Studies at Tsinghua University are organizing the Tsinghua-St. Louis Fed Monetary Policy and Financial Stability Conference, to be held at Tsinghua University, Beijing, China, May 21-22, 2016. Our goal is to get together some academic economists and policy makers from the People’s Bank of China, the Federal Reserve System and top-tier universities to discuss financial and monetary policy issues relevant to the current global economic situation.
Organized by
PBC School of Finance, Tsinghua University
National Institute of Financial Research, Tsinghua University
School of Economics and Management, Tsinghua University
National Institute for Fiscal Studies, Tsinghua University
Federal Reserve Bank of St. Louis
Local Organizers
Chong-en Bai, Tsinghua University
Yi Wen, St. Louis Fed and Tsinghua University
Stephen Williamson, Federal Reserve Bank of St. Louis
Hao Zhou, Tsinghua University
Preliminary Program
Saturday, May 21
Moderator: Yi Wen, St. Louis Fed and Tsinghua University
14:00-14:55 Asymmetric Labor Market Fluctuations in an Estimated of Search and Matching Model of Equilibrium Unemployment
Nicolas Petrosky-Nadeau, Federal Reserve Bank of San Francisco
Discussant: Ji Zhang, Tsinghua PBC School of Finance
14:55-15:10 Coffee Break
15:10-16:05 Capital Requirements in a Quantitative Model of Banking Industry Dynamics
Pablo D'Erasmo, Federal Reserve Bank of Philadelphia
Discussant: Gianni De Nicolo, International Monetary Fund (IMF)
16:05-17:00 Was China's Rising Shadow Banking a Problem?
Tao Zha, Federal Reserve Bank of Atlanta
Discussant: Hong Yan, Shanghai Jiao Tong University
17:00-17:15 Coffee Break
17:15-18:10 Who Wants to be a Middleman?
Edward Nosal, Federal Reserve Bank of Chicago
Discussant: Stephen Williamson, Federal Reserve Bank of St. Louis
Sunday, May 22
Moderator: Stephen Williamson, Federal Reserve Bank of St. Louis
8:45-9:40 Incomplete Credit Markets and Monetary Policy
James Bullard, Federal Reserve Bank of St. Louis
Discussant: Pedro Gomis Porqueras, Deakin University, Australia
9:40-10:35 Livin' on the Edge with Ratings: Liquidity, Efficiency and Stability
Jonathan Chiu, Victoria University of Wellington, New Zealand
Discussant: Christopher Waller, Federal Reserve Bank of St. Louis
10:35-10:50 Coffee Break
10:50-11:45 Stock Market Investment: The Role of Human Capital
Kartik Athreya, Federal Reserve Bank of Richmond
Discussant: Yi Wen, St. Louis Fed and Tsinghua University
11:45-12:40 Limited Participation, Asset Distribution and Monetary Policy
Shouyong Shi, Pennsylvania State University
Discussant: Erica Li, Cheung Kong Graduate School of Business (CKGSB)
For more information about the conference and registration, please visit http://www.weiyangx.com/178989.html.
