ࡱ> @B?'` R$bjbjDD<(&& bbb8$h"Qot m]bB.0"p ""tv,,z  >$> Tsinghua Workshop in Macroeconomics 2010June 28-30, 2010Venue: Room 302, Shunde Building(Paper Download: HYPERLINK "http://www.nifs.org.cn/"http://www.nifs.org.cn)Monday June 28 8:15-8:30 Registration8:30-8:40 Welcoming remarks: Chong-En BaiAssociate Dean; Chairman, Department of EconomicsSchool of Economics and Management, Tsinghua University Session 1: Financial Crisis8:40-9:40 Paul Beaudry (Oxford) and Amartya Lahiri (UBC)"Risk Allocation, Debt Fueled Expansion and Financial Crisis"9:40-10:40 Pengfei Wang (HKST) and Yi Wen (FRB St. Louis and Tsinghua)"Speculative Bubbles and Financial Crisis"10:40-11:00 Coffee Break11:00-12:00 Keynote Speech: Nobu Kiyotaki (Princeton) "Financial Intermediation and Credit Policy in Business Cycle Analysis"(joint with Mark Gertler of NYU)Session 2: Money and Policy2:00-3:00 Guido Menzio (UPenn), Shouyong Shi (U of Toronto and Tsinghua) and Hongfei Sun (Queen's) "A Monetary Theory with Non-Degenerate Distributions"3:00-4:00 Ben S.C. Fung (Bank of Canada) and Enchuan Shao (Bank of Canada) "Counterfeit Quality and Verification in a Monetary Exchange"4:00-4:15 Coffee Break4:15-5:15 Aleksander Berentsen (University of Basel) and Christopher Waller (University of Notre Dame and FRB-St. Louis)"Optimal Stabilization Policy with Endogenous Firm Entry"5:15-6:15 Nicolas Jacquet (Singapore Management University) and Serene Tan (National University of Singapore)"The Liquidity Effects of Monetary Policy on Asset Prices"Tuesday June 29Session 3Life Cycle Models8:30-9:30 Michael Zheng Song (CUHK and Fudan) and Dennis Yang (CUHK)"Life Cycle Earnings and Saving in a Fast Growing Economy"9:30-10:30 Tim Halliday, Hui He and Hao Zhang; (University of Hawaii)"Health Investment over the Life-Cycle"10:30-10:45 Coffee Break10:45-11:45 Keynote Speech: Richard Rogerson (Arizona State)"Fixed Costs, Retirement and the Elasticity of Labor Supply"(joint with Johanna Wallenius of Stockholm School of Economics)Session 4: China2:00-3:00 Russell Cooper (Texas at Austin and the European University Institute) Guan Gong(SUFE) and Ping Yan (Peking University)"Dynamic Labor Demand in China: Public and Private Objectives"3:00-4:00 Loren Brandt (UToronto) and Xiaodong Zhu (UToronto and Tsinghua)"Accounting for China s Growth"4:00-4:15 Coffee BreakSession 5 Credit and Contracts4:15-5:15 Zheng Liu (FRB of San Francisco) and Pengfei Wang (HKUST)"Indeterminate Credit Cycles"5:15-6:15 Xue Qiao (Tsinghua)"Unemployment Insurance and Layoffs with Dynamic Labor Contracts"Wednesday, June 30Session 6: Structural Change8:30-9:30 Radoslaw Stefanski and Karlygash Kuralbayeva; (Oxford)"De-Specialization, Dutch Disease and Sectoral Productivity Differences"9:30-10:30 Trevor Tombe (UToronto)"Regions, lm  $ / 6 D J K N O r B d + 4 > a b o  #67d.h6Uh6U5h6Uh6U6h6Uh6U0Jjh6Uh6UUjh6Uh6UU h6Uh6UK):[ L # $ s B c d * + gd6U$$ d.  Z"bcu.gd6U(P ,3Y"acu,pHhqy/R$D$O$Q$d$e$q$r$$$$Uh6Uh6U56h6Uh6U6 h6Uh6Uh6Uh6U5h6Uh6U5o(S.npIghSC$D$e$$$$$$gd6UFrictions, and Migrations in a Model of Structural Transformation"10:30-10:45 Coffee Break10:45-11:45 Kei-Mu Yi (FRB of Philadelphia) and Jing Zhang (U of Michigan)"Structural Change in an Open Economy"$$$$$$h6U h6UhXh6Uh6U6 h6Uh6U:1h2PP:p6U/ =!"#$%S DyK yK 0http://www.nifs.org.cn/N@N cke $1$a$$CJKHPJ_HaJmH nHsH tH$A@$ ؞k=W[SOBiB nfh*B*ph ():[L#$sBcd*+dRSTUe  Z"bcu A B I g h  S   7 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000  00($$  .$ $l XE%o'R&oS'oD\(o3f)oTQ*oU+o\o#o?o#o@o$oAo\$oBo$oCo$oDo%oEo\%oFo%oGo%oHo&oIo\&oJo&oKoStLoStMoTtNoDTtOoTtPoTtQoUtRoDUtSoUtToUtUoVtVoDVtWoVtXoVtYoWtZoDWt[oWt\oWt]os^o\s_os`osaosbo\scosdoseosfo\sgoshosiosKKRLVppyVVxxx 88FF   DDRRooo   ! ! K K \        !"#$%&'()*+,-./0123564789:;<=>?@ABCDQZZR_x\\~~~BKKKNXXXttt . . Q Q h   !"#$%&'()*+,-./0123645789:;<=>?@ABCD9*urn:schemas-microsoft-com:office:smarttagsStateB5*urn:schemas-microsoft-com:office:smarttagscountry-region8=*urn:schemas-microsoft-com:office:smarttagsCity9D*urn:schemas-microsoft-com:office:smarttagsplace=C*urn:schemas-microsoft-com:office:smarttags PlaceType=E*urn:schemas-microsoft-com:office:smarttags PlaceName EDCCEEDC=DCDC=DC5C5DCCECDCECECECCECC5DCDCECEDCC5DCCEDECC5DC5D=D=D=DKQpx7>RUiqSZbijn no#+-08;6?d l r z   4 ; |   $ % . 3 < = H y N P n r CH#( 333  ": D6UVX/l`]|~}(MXx6B5c jfz@K@ `  L @ @(@H@UnknownGz Times New Roman5Symbol3& z Arial;[SOSimSun qh:&:&  !-!),.:;?]}    & 6"0000 0 000000 =@\]^([{  0 0 00000;[2 2QHX)?6U2(Tsinghua Workshop in Macroeconomics 2010semsemOh+'0 ( H T`lt|,Tsinghua Workshop in Macroeconomics 2010sem Normal.dotsem1Microsoft Office Word@@\3\@\3\ ՜.+,D՜.+, X`lt|  '  8@ _PID_HLINKSAh!?http://www.nifs.org.cn/  !"#$%&'()*+,-.012345689:;<=>ARoot Entry F`T]CData 1Table"WordDocument<(SummaryInformation(/DocumentSummaryInformation87CompObjm  FMicrosoft Office Word ĵ MSWordDocWord.Document.89q