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HKUST Summer Workshop on Macroeconomics June 24 - 25, 2014 Room 1003, Lee Shau Kee Business Building, HKUST (Please refer to the Campus Map.) Program Details (PDF) : Day 1: June 24, 2014 (Tuesday) 8:00- 8:50am Breakfast at conference venue 8:50am Opening Remarks (Prof. Siu Fai LEUNG, Department Head) Morning Session: (Chair: Tao Zhu (HKUST) ) 9:00- 10:00am Lars Peter Hansen (Chicago): Shock Elasticities and Impulse Responses (with Jaraslav Borovicka and Jose A. Scheinkman) 10:00-10:15am COFFEE/TEA BREAK 10:15-11:15am Lu Yang (HKUST): Optimal policy design with a skeptical forward-looking private sector (with Robert King) 11:15-11:30am COFFEE/TEA BREAK 11:30-12:30 pm Tao Zha (Emory and FRB Atlanta) Trends and Cycles in China’s Macroeconomy (with Chun Chang, Dan Waggoner, and Mei Zhu) 12:30- 2:10 pm Lunch at China Garden function room (by invitation) Afternoon Session: (Chair: Pengfei Wang (HKUST)) 2:00- 3:00pm Alejandro Justiniano (FRB Chicago): Credit Supply and Housing Boom (with Giorgio E Primiceri and Andrea Tambalotti) 3:00- 3:15pm COFFEE/TEA BREAK 3:15- 4:15pm Cui Wei (University College London ): Search-Based Endogenous Illiquidity and the Macroeconomy (with Soren Raddex) 4:15- 4:30pm COFFEE/ TEA BREAK 4:30- 5:30Pm Wen Yi (Tsinghua and FRB St. Louis): Evaluating the Effects of Unconventional Monetary Policy 6:00 pm: Departure for Dinner at Hung Kee Seafood Restaurant (by invitation) Day 2: June 25, 2014 (Wednesday) 8:00-9:00am Breakfast at Conference Venue Morning Session: (Chair: Lu Yang (HKUST)) 9:00-10:00am Chad Jones (Stanford): A Schumpeterian Model of Top Income Inequality (with Jihee Kim) 10:00-10:15am COFFEE/TEA BREAK 10:15-11:15am Wang Yong: Structural Change and the Dynamics of Real Exchange Rate (with Jenny Xu and Xiaodong Zhu(University of Toronto) 11:15-11:30am COFFEE/TEA BREAK 11:30-12:30pm Erzo G.J. Luttmer (University of Minnesota): Knowledge Diffusion, Growth, and Inequality 12:30- 2:00pm Lunch at Buffet at LSK 3/F Dining Hall (by invitation) Afternoon Session: (Chair: Wang Yong (HKUST)) 2:00- 3:00pm Jonathan Heathcote (FRB Minneapolis): Wealth and Volatility (with Fabrizio Perri ) 3:00- 3:15pm COFFEE/TEA BREAK 3:15- 4:15pm Dong Feng (Shanghai Jiaotong University): Capital Misallocation and Unemployment 4:15- 4:3pm COFFEE/TEA BREAK 4:30- 5:30pm Kaiji Chen (Emory): Lending Efficiency Shocks (with Tao Zha) 5:30pm Group Photos; Conference Adjourned 6:00pm Departure for Dinner Shanghai Min, Tsimshatsui East (by invitation)