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NBER-CCER Conference:China and the World Economy


NBER-CCER Conference

China and the World Economy

Venue: 2nd Floor, Wanzhong Building, National School of Development, Peking University

May 23-24, 2019


May 23, 2019

9:00-9:40 am

Opening Remarks:  James Poterba (NBER & MIT) and Yang Yao (CCER PKU)


Economic Outlook of China and the United States

Yang Yao: Recent Development in the Chinese Economy

James Poterba: Recent Development in the US Economy


9:40-10:10 Group Photo and Coffee Break


10:10-11:55   Domestic and International Investment

Janice Eberly, NBER & Northwestern Kellog

Understanding Weak Investment

Justin Yifu Lin and Xin Wang (NSE PKU)

Development Strategy and Capital Flows

Lixing Li (NSD PKU)

The multi-dimensionality of state capacity in China: government regulations and firm responses


12:00-1:00 pm Lunch


1:00-2:45 pm  Political Economy

Ray Fisman, Boston University

Economics and Politics of Worker Safety

Xiaobo Zhang and Tianyang Xi  (NSD PKU)

Moving Umbrella: Transfers, Collusion, and Rent-seeking in China

McMillan, Margaret (Turfs University)

Africa’s Growth Puzzle: Can China Help?


2:45-3:15 Coffee/Tea Break


3:15-4:45  Finance and Development

Olivier Jeane, NBER & Johns Hopkins University

Currency and Trade Wars

Changhua Yu (NSD PKU) and Michael Deveraux

International Financial Integration and Crisis Contagion

Shang-Jin Wei, NBER & Columbia University

Internet Trading Platforms and Conflicts of Interest in Financial Intermediaries


May 24, 2019

9:00-10:10  Public Finance

James Poterba, NBER & MIT

Retirement Security in a Low-Return Environment

Shuanlin Lin (NSD PKU)

Optimal Income Tax Rates for Rich and Poor Countries


10:10-10:30 am Coffee/Tea Break


10:30-12:15 International Capital Flows

Sebnem Kalemli-Ozcan, NBER & University of Maryland

Corporate Leverage in the United States, Europe and Emerging Markets

Brent Nieman, NBER & Chicago Booth

The US Dollar and Capital Allocation

Jiandong Ju(Tsinghua)

A Geographic Model with Capital Flows


12:15-1:15 pm Lunch


1:20-2:55 pm  Regulation and Trade

Rohini Pande, NBER & Harvard Kennedy School

Regulatory Design and Pollution    

Yong Wang (NSE PKU)

The Sandwich Effect: Challenges for Middle-Income Countries

Miaojie Yu  (NSD PKU)

China Quality Shock: Indonesian Firm Productivity under Global Quality Competition from China


2:55-3:15 Break


3:15- 5:00 pm  Health and Social Capital

Simone Schaner, NBER & University of Southern California

Ensuring Access to Essential Medicines while Combatting Overuse

Se Yan (Guanghua School of Management, PKU)

Culture, Social Capital, and Corporate Behavior

Fan Zhang  (NSD PKU)

Comparison on manufacturing tax burdens between China and the U.S.


5:00 - 5:10 pm

Closing Remarks: James Poterba and Yang Yao

Format:  25 minutes per presenter; Comments and discussion for the balance of each session