| 11 October 2007, Thursday |
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| 08:30 - 09:00 |
Coffee reception and registration
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| 09:00 - 09:10 |
Opening Remarks
Peter Pang, Deputy Chief Executive
Hong Kong Monetary Authority
CHEN Goujin, Assistant Dean
WISE, Xiamen Univeristy
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Session 1
Session Chair: HE Dong, Hong Kong Monetary Authority
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| 09:10 -09:45 |
"Lessons from ten years of macroeconomic forecasting in China"
by WANG Tongshan, Institute of Quantitative Economics, Chinese Academy of Social Sciences (no discussant for this speech)
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| 09:45 - 10:45 |
"A Dynamic Stochastic General Equilibrium (DSGE) model for monetary policy in China"
by LIU Bin, Research Bureau, People's Bank of China
Discussant: ZHU Feng, Bank for International Settlements
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| 10:45 - 11:15 |
Coffee Break
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| 11:15 -12:15 |
"A three-equation new Keynesian model for monetary policy analysis in China"
by LIU Li-gang and ZHANG Wenlang, Research Department, Hong Kong Monetary Authority
Discussant: ZHU Feng, Bank for International Settlements
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| 12:15 - 13:45 |
Lunch
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Session 2
Session Chair: SIN Chor-yiu, WISE, Xiamen University
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| 13:45 - 14:45 |
"Foreign reserve shocks, sterilization and macroeconomic fluctuation in China"
by QIAN Hang, SONG Zheng and SUN Lijian, School of Economics, Fudan University
Discussant: Stephen Green, Standard Chartered Bank
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| 14:45 - 15:45 |
"Food prices and inflation in China"
by Kevin CHENG, Research Department, International Monetary Fund
Discussant: SHU Chang, External Department, Hong Kong Monetary Authority
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| 15:45 - 16:15 |
Coffee Break
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| 16:15 - 17:15 |
"Renminbi appreciation, excess liquidity, and asset prices in China"
by ZHANG Xiaojing, Institute of Economics, Chinese Academy of Social Sciences; and SUN Tao, Monetary and Capital Markets Department, International Monetary Fund
Discussant: CHANG Jian, Research Department, Hong Kong Monetary Authority
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| 17:15 - 18:15 |
"Dynamic factor models for now-casting the Chinese economy"
by Matthew YIU, Hong Kong Institute for Monetary Research
Discussant: FANG Ying, WISE, Xiamen University
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| 12 October 2007, Friday |
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| 08:30 - 09:00 |
Morning coffee
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Session 3
Session Chair: CHEN Guojin, WISE, Xiamen University
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| 09:00 - 10:00 |
"Capital share in China"
by BAI Chong-en, School of Economics and Management, Tsinghua University
Discussant: SHI Kang, Department of Economics, Chinese University of Hong Kong
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| 10:00 - 10:30 |
Coffee Break
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| 10:30 - 11:30 |
"What prompts the People's Bank of China to change its monetary policy stance: evidence from a discrete choice model"
by HE Dong and Laurent Pauwels, Research Department, Hong Kong Monetary Authority
Discussant: WANG Tao, Bank of America
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| 11:30 - 12:30 |
"Exchange Rate Pass-through to export in China-evidence from firm level data"
by WEI Shang-jin and ZHANG Zhiwei, Research Department, International Monetary Fund
Discussant: ZHANG Ping, External Department, Hong Kong Monetary Authority
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| 12:30 - 14:00 |
Lunch
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Session 4
Session Chair: Matthew YIU, Hong Kong Institute for Monetary Research
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| 14:00 - 15:00 |
"Do institutions matter? Estimating the effects of institutions of economic performance in China"
by FANG Ying and ZHAO Yang, WISE, Xiamen University
Discussant: LI Hongbin, Department of Economics, Chinese University of Hong Kong
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| 15:00 - 16:00 |
"Using a structural VAR model to investigate the macroeconomic impacts of oil prices in China"
by SIN Chor-yiu, WISE, Xiamen University
Discussant: LI Hongyi, Faculty of Business Administration, Chinese University of Hong Kong
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**End of Conference**
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