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The Fifth HKUST Summer Workshop in Macroeconomics June 21- 22, 2016 Room 1005, Lee Shau Kee Business Building, HKUST (Please refer to the Campus Map.) Program Details Day 1: June 21, 2016 (Tuesday) 8:30- 8:50am Breakfast at conference venue 8:55am Opening Remarks (Prof. Pengfei Wang) Morning Session: (Chair: David Cook (HKUST)) 9:00- 9:50am Jess Benhabib (New York University): Wealth distribution and social mobility in the US: A quantitative approach. Paper 2 9:50-10:40 am Zhu Shenghao (NUS): Using the elasticity of the Pareto parameter to derive top income optimal tax rates 10:40-11:00am COFFEE/TEA BREAK 11:00-11:50am Liu Zheng (Federal Reserve Bank of San Francisco): Reserve Requirements and Optimal Chinese Stabilization Policy 11:50- 1:30 pm Lunch (All speakers and UST faculty and other invited guests) Afternoon Session: (Chair: Pengfei Wang (HKUST) ) 1:30- 2:20pm Wang Yong (HKUST): International Trade and Non-convergence of Middle-Income Countries 2:20- 2:40pm COFFEE/ TEA BREAK 2:40- 3:30pm Stephen Terry (Boston University): The Macro Impact of Short-Termism 3:30- 4:20pm Dong Feng (Shanghai Jiaotong University) : Monetary Policy And Asset Bubbles 4:20-4:40pm COFFEE/ TEA BREAK 4:40- 5:30pm François Geerolf (UCLA): Leverage and Disagreement 5:40 pm: Departure for Dinner(All speakers, All UST faculty participants, and other invited guests) Day 2: June 22, 2016 (Wednesday) 8:30-9:00am Breakfast at Conference Venue Morning Session: (Chair: Yong Wang (HKUST)) 9:00-9:50am Kathy Yuan (LSE): Network Risk and Key Players: A Structural Analysis of Interbank Liquidity 9:50-10:40am Xuewen Liu (HKUST): Information Complementarity, Financial Markets and Real Economy 10:40-11:00am COFFEE/TEA BREAK 11:00-11:50am Huo Zhen (NYU and Yale): Organizational Equilibrium with Capital 11:50- 1:30pm Lunch (All speakers, All UST faculty participants, and other invited guests) Afternoon Session: (Chair: Liugang Sheng (CUHK)) 1:30- 2:20pm Edouard Schaal (NYU): Coordination and the Dynamics of Unemployment 2:20- 2:40pm COFFEE/TEA BREAK 2:40- 3:30pm Zhiwei Xu (Shanghai Jiaotong University): Firm-Level Uncertainty, Productivity Distortions, and Aggregate Economy 3:30- 4:20pm Huang Yi (Graduate Institute of International and Development Studies): Can Higher Minimum Wages Accelerate Productivity Growth? 4:20-4:40 pm COFFEE/ TEA BREAK 4:40-5:30 pm Jianjun Miao (Boston University): Land Prices And Unemployment 5:30pm Group Photos; Conference Adjourned 6:00pm Departure for Dinner (All speakers, All UST faculty participants, and other invited guests)