First Research Workshop on China's Economy - April 28–29, 2016

Agenda

  • Location: IMF HQ2-03A-351 & 381
  • Format: 40-minute presentation and 10-minute discussion
  • Co-organizers: Nan Li (International Monetary Fund-Research Department, NLi@imf.org), Hui He (International Monetary Fund-Institute for Capacity Development, HHe@imf.org), Tao Zha (Federal Reserve Bank of Atlanta and Emory University, tzha@earthlink.net).
  • Contacts for logistics issues: Tracey Lookadoo (International Monetary Fund, Tlookadoo@imf.org), Jane Haizel (International Monetary Fund, JHaizel@imf.org)
Thursday, April 28
8:30 a.m. Continental breakfast
9:00 Opening Remarks
Jonathan D. Ostry, Deputy Director, Research Department, International Monetary Fund
Session 1: Growth and cycles
Session Chair: Sunil Sharma, International Monetary Fund
10:05 Policy Perspectives from the Bottom Up: What Do Firm-Level Data Tell Us China Needs to Do?
Loren Brandt, University of Toronto [Presentation Adobe PDF file format]
Discussant: Zheng Liu, Federal Reserve Bank of San Francisco [Presentation Adobe PDF file format]
9:15 Firm Entry and Regional Growth Disparities: the Effect of SOEs in China 
Loren Brandt, University of Toronto, Gueorgui Kambourov, University of Toronto, and Kjetil Storesletten, University of Oslo [Presentation Adobe PDF file format]
Discussant: Nan Li, International Monetary Fund [Presentation Adobe PDF file format]
10:55 Break
11:15 Trends and Cycles in China's Macroeconomy
Chun Chang, Shanghai Advanced Institute of Finance, Kaiji Chen, Emory University, Daniel Waggoner, Federal Reserve Bank of Atlanta, and Tao Zha, Federal Reserve Bank of Atlanta and Emory University [Presentation Adobe PDF file format]
Discussant: Kevin Huang, Vanderbilt University [Presentation Adobe PDF file format]
12:05 p.m. Open floor for general discussion
12:35 Lunch
Keynote speaker:
Nicholas Lardy, Peterson Institute [Presentation Adobe PDF file format]
Session 2: China in the global economy
Session chair: Luis Cubeddu, International Monetary Fund
2:00 China's Efforts to Expand the International Use of the Renminbi
Eswar Prasad, Cornell University and Brookings Institution [Presentation Adobe PDF file format]
Discussant: Federico Mandelman, Federal Reserve Bank of Atlanta [Presentation Adobe PDF file format]
2:50 Structural Adjustments and International Trade: Theory and Evidence from China Off-site link
Hanwei Huang, London School of Economics, Jiandong Ju, Shanghai University of Finance and Economics and Tsinghua University, and Vivian Yue, Emory University [Presentation Adobe PDF file format]
Discussant: Xiaodong Zhu, University of Toronto [Presentation Adobe PDF file format]
3:40 Break
4:00 Capital Controls and Optimal Chinese Monetary Policy
Chun Chang, Shanghai Advanced Institute of Technology, Zheng Liu, Federal Reserve Bank of San Francisco, and Mark Spiegel, Federal Reserve Bank of San Francisco [Presentation Adobe PDF file format]
Discussant: Jonathan D. Ostry, International Monetary Fund [Presentation Adobe PDF file format]
4:50 Open floor for general discussion
Friday, April 29
8:00 a.m. Continental breakfast
Session 3: Inequality
Session Chair: Kaiji Chen, Emory University
8:30 Offshoring and Wage Inequality: Theory and Evidence from China Off-site link
Liugang Sheng, Chinese University of Hong Kong, and Dennis Tao Yang, University of Virginia [Presentation Adobe PDF file format]
Discussant: David Dollar, Brookings Institution
9:20 Investing Like China Off-site link
Chong-En Bai, Tsinghua University, Qing Liu, Tsinghua University, and Wen Yao, Tsinghua University [Presentation Adobe PDF file format]
Discussant: Hui He, International Monetary Fund [Presentation Adobe PDF file format]
10:10 Break
Session 4: Financial and housing markets
10:30 The Rise of China's Shadow Banking System
Kinda Hachem, University of Chicago Booth School of Business, and Zheng Michael Song, Chinese University of Hong Kong [Presentation Adobe PDF file format]
Discussant: Laura Kodres, International Monetary Fund [Presentation Adobe PDF file format]
11:20 Demystifying the Chinese Housing Boom Off-site link
Hanming Fang, University of Pennsylvania, Quanlin Gu, Peking University, Wei Xiong, Princeton University, and Li-An Zhou, Peking University [Presentation Adobe PDF file format]
Discussant: Bin Wei, Federal Reserve Bank of Atlanta [Presentation Adobe PDF file format]
12:10 p.m. Open floor for general discussion, for sessions 3 and 4
12:40 Adjournment