Hong Kong Institute for Monetary Research and Hong Kong University of Science and Technology, Department of Economics

4th International Finance and Macroeconomics Conference

“Open Economy Macroeconomics in the Age of Normalization”

Harbour Room, 56/F, Two International Finance Centre, Central (Day 1);
HKUST Campus, Main Academic Building, Lecture Theater H, Clearwater Bay (Day 2)

12 April 2019 (Friday) - 13 April 2019 (Saturday)

 

Programme


12 April, 2019 (Friday)
Venue Harbour Room, 56/F, Two International Finance Centre, Central

8:30 - 8:50am Registration and Welcome Coffee

8:50 - 9:00am Opening Remarks
Lillian Cheung, Executive Director (Research), Hong Kong Monetary Authority and Director, Hong Kong Institute for Monetary Research
9:00 - 10:15am Keynote Speech
Session Chair: Ippei Fujiwara, Keio University and Australian National University

"Modelling Portfolio Flows"
Frank Warnock, University of Virginia, Darden School of Business

Discussant: James Yetman, Bank for International Settlements

10:15 -10:45am Coffee Break

10:45 - 12:45pm Session 1
Session Chair: Hongyi Chen, Hong Kong Institute for Monetary Research

“Uncertainty and Economic Activity: A Multi-Country Perspective”
Ambrogio Cesa-Bianchi, Bank of England*
M. Hashem Pesaran, University of Southern California and University of Cambridge
Alessandro Rebucci, Johns Hopkins University

“Global Effective Lower Bound and Unconventional Monetary Policy”
Jing Cynthia Wu, University of Notre Dame
Ji Zhang, Tsinghua University PBCSF*


12:45 - 2:00pm Conference Lunch (By invitation)

2:00 - 4:00pm Session 2
Session Chair: Simon Kwan, Federal Reserve Bank of San Francisco

“International Linkages and the Changing Nature of International Business Cycles”
Wataru Miyamoto, University of Hong Kong*
Thuy Lan Nguyen, Santa Clara University

“Production Network and International Fiscal Spillovers”
Michael Devereux, University of British Columbia*
Karine Gente, Aix-Marseille University
Changhua Yu, Peking University

4:00 - 4:30pm Coffee Break

4:30 - 5:30pm Session 3
Session Chair: Jinill Kim, Korea University

“The cross section of the Great Moderation: What drives central bank performance in the long term?”
Livio Stracca, European Central Bank*

5:30pm Conference adjourns

6:00pm Conference Dinner (By invitation)

* Presenter
13 April, 2019 (Saturday)
Venue HKUST Campus, Main Academic Building, Lecture Theater H, Clearwater Bay

8:30 - 9:00am Registration and Welcome Coffee

9:00 - 10:15am Keynote Speech
Jenny Xu, Hong Kong University of Science and Technology

"A Fisherian Approach to Explaining & Preventing Financial Crises: Quantitative Implications from the Sudden Stops Literature."
Enrique Mendoza, University of Pennsylvania

Discussant: Pengfei Wang, Hong Kong University of Science and Technology

10:15 -10:45am Coffee Break

10:45 - 12:45pm Session 1
Session Chair: David Cook, Hong Kong University of Science and Technology

“Optimal Macroprudential Policy and Asset Price Bubbles”
Nina Biljanovska, International Monetary Fund*
Lucyna Górnicka, International Monetary Fund
Alexandros Vardoulakis, Federal Reserve Board

“The Elusive Gains from Inward-Looking Monetary Policy”
Martin Bodenstein, Federal Reserve Board *
Giancarlo Corsetti, University of Cambridge
Luca Guerrieri, Federal Reserve Board

12:45 - 2:00pm Conference Lunch (By invitation)

2:00 - 4:00pm Session 2
Session Chair: Eric Lam, Hong Kong Institute for Monetary Research

“Labor Mobility and Exchange Rate Regime in Open Economies”
David Cook, Hong Kong University of Science and Technology
Haichao Fan, Fudan University
Jenny Xu, Hong Kong University of Science and Technology*

“Euro Area and U.S. External Adjustment: The Role of Commodity Prices and Emerging Market Shocks”
Massimo Giovannini, European Commission
Stefan Hohberger, European Commission
Robert Kollmann, Universite Libre de Bruxelles*
Marco Ratto, European Commission
Werner Roeger, European Commission
Lukas Vogel, European Commission
4:00 - 4:15pm Concluding Remarks

4:15pm Conference Ends

* Presenter

The International Macroeconomics and Finance Conference is an annual event. It was previously held in Hong Kong (HKIMR/HKUST), Seoul (Korea University) and Tokyo (Keio University).
Organizing Committee:
David Cook, Hong Kong University of Science and Technology
Michael Devereux, University of British Columbia
Ippei Fujiwara, Keio University and Australian National University
Jinill Kim, Korea University
Kwanho Shin, Korea University, Hitotsubashi Institute for Advanced Study (HIAS)
Giorgio Valente, Hong Kong Institute for Monetary Research
Jenny Xu, Hong Kong University of Science and Technology