Hong Kong Institute for Monetary Research (HKIMR)
Third Annual International Conference on the Chinese Economy
“China’s Macroeconomic Performance in the Medium-Term: Deepening Reforms and Further Opening Up”
12 January 2012 (Thursday) - 13 January 2012 (Friday)
Room 5601, 56/F, Two International Finance Centre, 8 Finance Street, Central
Programme
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12 January 2012
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| 8:45 - 9:15 |
Registration and Coffee
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| 9:15 - 9:25 |
Opening Remarks
Dong He
(Executive Director (Research) of Hong Kong Monetary Authority and Director of Hong Kong Institute for Monetary Research)
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| 9:25 – 10:10 |
Keynote Speech:
Institutional Foundations of China’s Structural Problems
Chenggang Xu (The University of Hong Kong)
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| Session 1 |
Chair: Dong He (Hong Kong Monetary Authority and Hong Kong Institute for Monetary Research)
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| 10:10 – 10:55 |
Causes of and Remedies for the People's Republic of China's External Imbalances: The Role of Factor Market Distortion
Yiping Huang (Peking University)
Kunyu Tao* (Peking University)
Discussant: Guonan Ma (Bank for International Settlements)
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| 10:55 – 11:15 |
Coffee Break
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| 11:15 – 12:00 |
Is Labor Income Share in China Too Low?
Zhenjie Qian* (Tsinghua University)
Xiaodong Zhu (University of Toronto)
Discussant: Dennis Tao Yang (The Chinese University of Hong Kong)
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| 12:00 – 2:00 |
Lunch
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| Session 2 |
Chair: Hongyi Chen (Hong Kong Institute for Monetary Research)
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| 2:00 – 2:45 |
Productivity Growth of Non-Tradable Sectors in China
Dong He (Hong Kong Monetary Authority / HKIMR)
Wenlang Zhang* (Hong Kong Monetary Authority)
Gaofeng Han (Hong Kong Monetary Authority)
Tommy Wu (Hong Kong Monetary Authority)
Discussant: Isabel Yan (City University of Hong Kong)
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| 2:45 – 3:30 |
A Reappraisal of Market Distortions and Manufacturing TFP Loss in China
Hao Shi* (Shanghai Jiao Tong University)
Discussant: Yifan Zhang (Lingnan University)
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| 3:30 – 3:50 |
Coffee Break
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| 3:50 – 4:35 |
Prices of Chinese Exports: Beyond Productivity
Ying Ge (University of International Business and Economics)
Huiwen Lai* (The Hong Kong Polytechnic University)
Susan Chun Zhu (Michigan State University)
Discussant: Kevin K. Tsui (Clemson University)
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| 4:35 – 5:20 |
Exceptional Exporter Performance? Evidence from Chinese Manufacturing Firms
Dan Lu* (Princeton University and University of Rochester)
Discussant: Edwin Lai (Hong Kong University of Science and Technology)
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| 6:30 – 8:30 |
Conference Dinner (By invitation only)
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13 January 2012
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| 8:45 – 9:15 |
Registration and Coffee
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| Session 3 |
Chair: Dong He (Hong Kong Monetary Authority and Hong Kong Institute for Monetary Research)
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| 9:15 – 10:00 |
Keynote Speech: New Housing Economics - An Application to China
Shang-Jin Wei (Columbia University)
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| 10:00 – 10:45 |
Dual-Track Interest Rates and the Conduct of Monetary Policy in China
Dong He (Hong Kong Monetary Authority / HKIMR)
Honglin Wang* (Hong Kong Monetary Authority / HKIMR)
Discussant: Leon Berkelmans (Reserve Bank of Australia)
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| 10:45 – 11:05 |
Coffee Break
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| 11:05 – 11:50 |
Understanding Chinese Bond Yields and their Role in Monetary Policy
Nuno Cassola (European Central Bank)
Nathan Porter* (International Monetary Fund)
Discussant: Chu Zhang (Hong Kong University of Science and Technology)
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| 11:50 – 12:35 |
Does Informal Finance Help Formal Finance? Evidence from Third Party Loan Guarantees in China
Dragon Tang* (The University of Hong Kong)
Discussant: Chen Lin (The Chinese University of Hong Kong)
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| 12:35 – 2:30 |
Luncheon Speech: Monetary Policy and Financial Sector Liberalisation in Latin America: Key Lessons for China
Leonardo Leiderman (Tel-Aviv University)
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| Session 4 |
Chair: Hongyi Chen (Hong Kong Institute for Monetary Research)
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| 2:30 – 3:15 |
The External Impact of China’s Exchange Rate Policy: Evidence from Firm Level Data
Barry Eichengreen (University of California at Berkeley)
Hui Tong* (International Monetary Fund)
Discussant: Man-Keung Tang (Hong Kong Monetary Authority)
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| 3:15 – 4:00 |
Challenges for the Future of Chinese Economic Growth
Jane Haltmaier* (Board of Governors of the Federal Reserve System)
Discussant: Louis Kuijs (Fung Global Institute)
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- End of Conference -
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| * : presenter |
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