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2019 CCER Summer Institute

2019-06-21

2019 CCER Summer Institute

June 22-24, 2019

Taiwoo Ski Resort, Chongli, Hebei, China

Organized by:

China Center for Economic Research, Peking University

National School of Development, Peking University

Conference Manual  Download ../docs/20190621121816989708.pdf

ABOUT THE CONFERENCE

In the past four decades, China has become the second largest economy in the world. Understanding the development of Chinese economy, and especially its growing role in the world economy, has become a subject undergoing intense study for both academia and policy-making.

The National School of Development (NSD) at Peking University, formerly known as China Center for Economic Research (CCER), is a leading research and teaching institute for the study of social sciences in China. It has been recognized as one of the most prestigious research institutes and one of the most influential think tanks in China.

The National School of Development is committed to the internationalization of locally well-founded social science research in China. It places a strong emphasis on cross-disciplinary research and rigorous research methodology. It actively seeks to collaborate and exchange ideas with scholars around the world regarding China-related research.

We sincerely invite scholars from all over the world to participate in the Fourth CCER Summer Institute, which will be held on June 22-24, 2019 in Taiwoo of Hebei Province. This Summer Institute will focus on topics related to Applied Microeconomics and Applied Macroeconomics.

Keynote Speakers:

Gianluca Benigno(London School of Economics)      

Lisa Cameron(The University of Melbourne)

Yongmin Chen(University of Colorado)               

Alexander Chernev(Northwestern University)        

Russell Cooper(Penn State University)               

Zhi Da (University of Nortre Dame)                  

Hanming Fang(University of Pennsylvania)

Taiji Furusawa(University of Tokyo)

Jota Ishikawa(Hitotsubashi University)

Jia Li (Duke University)

Nancy Qian(Northwestern University)

Morten Ravn (University College London)            

Ananth Seshadri (University of Wisconsin-Madison)   

Heiwai Tang(Johns Hopkins University)

Tony Tong(University of Colorado)

Heli Wang(Singapore Management University)

Yan Anthea Zhang(Rice University)                

 

Session 1/3Microeconomics

 

Conference Venue: Taiwoo Banquet Hall

Saturday, June 22, 2019

08:30-08:45

Opening Remarks addressed by Yang Yao

08:45-09:00

Group Photo

Session A1    Corporate Social Responsibility

Chair: Jingjing Ma, Peking University

09:00-10:00

(Keynote)

Alexander Chernev, Northwestern University

Sean Blair, Georgetown University

Corporate Social Responsibility and Consumer Choice

10:00-10:20

Break

10:20-11:05

Hua Cheng, Nankai University

Media Competition and Firms' Pollution Abatement Effort

11:05-11:15

Break

11:15-12:15

(Keynote)

Heli Wang, Singapore Management University

Ming Jia, Northwestern Polytechnical University

Yi Xiang, Northwestern Polytechnical University

Yang Lan, Singapore Management University

Social Performance Discrepancy and Language Use in CSR Reporting

12:15-14:00 

Lunch

Session A2    Trade

Chair: Lixing Li, Peking University

14:00-14:45

(Keynote)

Taiji Furusawa, University of Tokyo

Tomohiro Ara, Fukushima University

Relationship Specificity, Market Thickness, and International Trade

14:45-15:15

(Keynote)

Heiwai Tang, Johns Hopkins University

Ana Fernandes, University of Exeter

Fast Fashion

15:15-15:30

Break

15:30-16:15

(Keynote)

Jota Ishikawa, Hitotsubashi

Jay Pil Choi, Michigan State University

Taiji Furusawa, University of Tokyo

Transfer Pricing and the Arm’s Length Principle under Imperfect Competition

16:15-17:00

Dan Lv, The Chinese University of Hong Kong

Dan Lu, University of Rochester

Yan Bai, University of Rochester

Keyu Jin, London School of Economics

Misallocation Under Trade Liberalization

18:00-20:00

Dinner

Sunday, June 23, 2019

Session A3    Micro-Empirical

Chair: Hao MaPeking University

09:00-10:00

(Keynote)

Anthea Yan Zhang, Rice University

Reputation Damage in the Market for Technology: The Impact of Patent Invalidation on Subsequent Patent Licensing and Sales

10:00-10:20

Break

10:20-11:05

Zhengyu Li, Shanghai University of Finance and Economics

Pulling you up or pushing you out: Political connections and firms' export

11:05-11:15

Break

11:15-12:15

(Keynote)

Tony Tong, University of Colorado

Yuchen Zhang, Tulane University

Jingjing Li, University of Virginia

How Platform Gatekeeping Affects Knowledge Sharing among Complementors

12:15-14:00 

Lunch

Monday, June 24, 2019

Session A4   Micro-Theoretical

Chair: Hao Wang, Peking University

09:00-10:00

(Keynote)

Yongmin Chen, University of Colorado

Zhuozheng Li, Shanghai University of Finance and Economic

Tianle Zhang, Lingnan University

Consumer Search with Repeat Purchases

10:00-10:20

Break

10:20-11:05

Xi Weng, Peking University

Market Expanding or Market Stealing? Competition with Network Effects in Bike-Sharing

11:05-11:15

Break

11:15-12:00

Dominik Naeher, University College Dublin

Rational Inattention and Technology Adoption

12:00-14:00

Lunch

 

 

Session 2/3Microeconomics

Conference Venue: Hyatt Banquet Hall

 

Saturday, June 22, 2019

08:30-08:45

Opening Remarks addressed by Yang Yao

08:45-09:00

Group Photo

Session B1   Finance I

Chair: Zhuo HuangPeking University

09:00-10:00

(Keynote)

Jia Li, Duke University

Yun Chen, Peking Univeristy

Yan Shen, Peking Univeristy

Jingyi Wang, Peking Univeristy

Zhuo Huang, Peking Univeristy

Measuring China’s Stock Market Sentiment

10:00-10:20

Break

10:20-11:05

Yunting Liu , Peking University

The Short-Run and Long-Run Component of Idiosyncratic Volatility and Stock Returns

11:05-11:15

Break

11:15-12:00

Xiaoqian Zhang, Zhejiang University

Mengze Tang, Zhejiang University

Industrial Policy, Loan Industrial Structure and Systemic Risk in China

12:00-14:00 

Lunch

Session B2 Finance II

Chair: Yan Shen, Peking University

14:00-15:00

(Keynote)

Zhi Dai, University of Nortre Dame

Xing Huang, Washington University in St. Louis

Lawrence J. Jin, Division of the Humanities and Social Sciences at Caltech

Extrapolative Beliefs in the Cross-Section: What Can We Learn from the Crowds?

15:00-15:20

Break

15:20-16:05

Fuwei Jiang, Central University of Finance and Economics

Dashan Huang, Singapore Management University

Guoshi Tong , Renmin University of China

Guofu Zhou, Washington University in St. Louis

Are Bond Returns Predictable with Real-Time Macro Data?

16:05-16:15 

Break

16:15-17:00

Shusen Qi, Xiamen University

Duc Duy Nguyen, King’s College London

Political connections and access to finance for SMEs:  The role of discouraged borrowers

18:00-20:00

Dinner

Sunday, June 23, 2019

Session B3    Labor I

Chair: Dandan Zhang, Peking University

09:00-10:00

(Keynote)

Lisa Cameron, The University of Melbourne

Parental Absence in Childhood and Adult Criminal Behaviour: Evidence from Survey and Experimental Data from Prison Inmates in China

10:00-10:20

Break

10:20-11:05

Mathias Sinning, ANU Crawford School of Public Policy

Estimating Quantiles of the Distribution of Treatment Effects

11:05-11:15

Break

11:15-12:00

Weidi Yuan, University of Geneva

Difei Ouyang, University of Geneva

China Syndrome Redux: New Results on Global Labor Reallocation

12:00-14:00 

Lunch

Monday, June 24, 2019

Session B4    Labor II

Chair: Lisa Cameron, The University of Melbourne

09:00-09:45

Shuangxin Wang, The Chinese University of Hong Kong

Naijia Guo, The Chinese University of Hong Kong,

Zhao Rong, Nanjing Audit University

Direct and Spillover Effects of Free Compulsory Education on Schooling and Migration

09:45-10:30

Mingming Ma, Shanghai University of Finance and Economics

Does Children's Education Matter for Parents' Health and Cognition? Evidence from China

10:30-10:45

Break

10:45-11:30

Yuanyuan Chen, Shanghai University of Finance and Economics

Wei Fu, Lehigh University

Unintended Policy Consequence: Population Control Enforcement in Large Cities and Parent-Children Separation

11:30-12:15

Gewei Wang, Peking University

Yi Huang, The Graduate Institute, Geneva.

Liugang Sheng, The Chinese University of Hong Kong

How did Rising Labor Cost Erode China's Global Advantage?

12:15-14:00

Lunch

 

Session 3/3 Macroeconomics

Conference Venue: Yuansu Meeting Room

 

Saturday, June 22, 2019

08:30-08:45

Opening Remarks addressed by Yang Yao

08:45-09:00

Group Photo

Session C1 Capital Flows and Financial Policies

Chair: Changhua Yu, Peking University

09:00-10:00

(Keynote)

Gianluca Benigno, London School of Economics

Kosuke Aoki, University of Tokyo

Nobuhiro Kiyotaki, Princeton University

Monetary and Financial Policies for Emerging Market Economies

10:00-10:20

Break

10:20-11:05

Chang Ma, Fudan University

Peter Bednarek, Deutsche Bundesbank

Daniel Marcel te Kaat, Osnabruck University

Alessandro Rebucci, JHU Carey Business School

Capital Flows, Real Estate, and City Business Cycles: Micro Evidence from the German Boom

11:05-11:15

Break

11:15-12:00

Liang Wang, University of Hawaii Manoa

Chao Gu, University of Missouri

Janet Hua Jiang, Bank of Canada

Capital Pledgeability, Inflation and Unemployment

12:00-14:00 

Lunch

Session C2    Growth and Heterogeneity in Macroeconomics

Chair: Bo Zhao, Peking University

14:00-15:00

(Keynote)

Anahth Seshadri, University of Wisconsin-Madison

Can Redistribution Lead to Economic Development?

15:00-15:20

Break

15:20-16:05

Yichen Wang, University of Oslo

Capitalist Human Capital

16:05-16:15 

Break

16:15-17:00

Wei Wang, University of International Business and Economics

Migration Barriers, Selection and Structural Change in China

17:00-17:45

Zhe Fu, University of International Business and Economics

Transition and Inequality

18:00-20:00

Dinner

Sunday, June 23, 2019

Session C3    Chinese Economy and Housing Market

Chair: Yang Yao, Peking University

08:30-09:30

(Keynote)

Hanming Fang, University of Pennsylvania

Property Rights and Housing Market

09:30-10:15

Yu Zhang, Peking University

Capital Leakage, House Prices, and Consumer Spending: Evidence from Asset Purchase Restriction Spillovers

10:15-10:30

Break

10:30-11:15

Bo Zhao, Peking University

Flight to Housing in China

11:15-12:15

(Keynote)

Nancy Qian, Northwestern University

The Dynamic Effects of Computerization on VAT in China

12:15-14:00 

Lunch

Session C4   Macro Finance

Chair: Ping Yan, Peking University

09:00-10:00

(Keynote)

Russell Cooper, European University Institute

MPC Heterogeneity in Europe: Sources and Policy Implications

10:00-10:20

Break

10:20-11:05

Hao Jin, Xiamen University

Local Government Debt, Financial Stress, and the Misallocation of Credits

11:05-11:15

Break

11:15-12:00

Tongbin Zhang, Shanghai University of Finance and Economics

New Tests of Expectation Formation with Applications to Asset Pricing Models

12:00-14:00

Lunch

PROGRAM COMMITTEE

Chair:

Yao, Yang (Peking University)

Co-Chair:

Yu, Miaojie (Peking University

Program Committee Members:

Huang, Zhuo (Peking University)

Li, Lixing (Peking University)

Ma, Hao(Peking University)

Ma, Jingjing (Peking University)

Shen, Yan (Peking University)

Wang, Hao (Peking University)

Wang, Min (Peking University)

Xie, Xuanli(Peking University)

Yan, Ping(Peking University)

Yao, Yang (Peking University)

Yu, Changhua (Peking University)

Yu, Miaojie (Peking University)

Zhang, Dandan (Peking University)

Zhao, Bo (Peking University)