2nd HKUST and Jinan Joint Workshop on Macroeconomics (June 18-19, 2019)

Introduction

We are honored to host the 2nd HKUST and Jinan Joint Workshop on Macroeconomics, and we are extremely lucky that 13 distinguished scholars have kindly agreed to present their research at this year’s workshop, which will be held on June 18-19, 2019 at HKUST Campus.

Confirmed Speakers (Alphabetical):

Yan Bai	University of Rochester
Jess Benhabib	New York University
Kaiji Chen	Emory University
Yunho Cho	Jinan University
Jiajia Gu	Jinan University
Zhen Huo	Yale University
Yan Ji	The Hong Kong University of Science and Technology
Zheng Liu	Federal Reserve Bank of San Francisco
Yang Lu	The Hong Kong University of Science and Technology
Jianjun Miao	Boston University
Michael Sockin	University of Texas at Austin
Zheng Michael Song	The Chinese University of Hong Kong
Robert Townsend	Massachusetts Institute of Technology

This exciting two-day workshop is jointly funded by Jinan University IESR and the Department of Economics of HKUST. The organizing committee for this year's conference consists of Pengfei Wang (Committee Chair, HKUST) and Yang Lu (HKUST). For enquiry, please contact Yang Lu (yanglu@ust.hk) or our assistant, Julie Wong (fnjuwong@ust.hk).

We hope to see you in June!

Warm regards,

Pengfei and Yang

Program Schedule

For PDF version, click HERE.

Day 1: June 18, 2019 (Tuesday)

Venue: Room 1005, 1/F, Lee Shau Kee Business Building, HKUST

Time	Activity
9:00	Welcome Coffee
9:15	Opening Remarks
Morning Session (Chair: Yang Lu, HKUST)
9:30 - 10:30	Jess Benhabib, New York University “Optimal Positive Capital Taxes at Interior Steady States”
	Group Photo + Coffee Break
10:50 - 11:40	Yunho Cho, Jinan University “Welfare and Property Transaction Taxes”
11:40 - 12:30	Jiajia Gu, Jinan University “Fertility, Human Capital and Income: the One-child Policy”
	Lunch (by invitation)
Afternoon Session (Chair: Pengfei Wang, HKUST)
2:00 - 2:50	Jianjun Miao, Boston University “Multivariate LQG Control under Rational Inattention in Continuous Time”
2:50 - 3:40	Yang Lu, HKUST “Benevolent Information Manipulation”
	Coffee Break
4:00 - 4:50	Zhen Huo, Yale University “The Global Business Cycle: Measurement and Transmission”
4:50 - 5:40	Yan Bai, University of Rochester “Monetary Policy and Sovereign Risk in Emerging Economies”
6:00	Departure for dinner (by invitation)

Day 2: June 19, 2019 (Wednesday)

Venue: Room 1005, 1/F, Lee Shau Kee Business Building, HKUST

Time	Activity
9:15	Welcome Coffee
Morning Session (Chair: David Cook, HKUST)
9:30 - 10:30	Robert Townsend, MIT “Distributed Ledgers :Innovation and Regulation in Financial Infrastructure and Payment Systems”
	Coffee Break
10:50 - 11:40	Yan Ji, HKUST “Endogenous Competition and Credit Spreads”
11:40 - 12:30	Michael Sockin, University of Texas at Austin “Risk-Sharing and Investment in Concentrated Markets”
	Lunch (by invitation)
Afternoon Session (Chair: Jenny Xu, HKUST)
2:00 - 2:50	Kaiji Chen, Emory University “Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China”
2:50 - 3:40	Michael Zheng Song, CUHK “Conglomerate Formation in China”
	Coffee Break
4:00 - 4:50	Zheng Liu, FRB of San Francisco “Robots or Workers? A Macro Analysis of Automation and Labor Markets”
5:30	Departure for dinner (by invitation)

For inquiries, please contact Julie Wong (fnjuwong@ust.hk, 852-23587621)

Organizing Committee And Contacts

Past Conferences

Visa Requirements

Hong Kong

Visas are not required for short-term visitors from the following countries:

U.S.A., Canada, Britain, France, Germany, Spain, Italy, Philippines, Thailand, Japan, South Korea, Singapore, India, Israel. Visitors from other countries should check with their local consulates.

China

Visas are required for non-Chinese passport holders.

If you wish to visit mainland China you should apply for a visa at a Chinese embassy or consulate in your country of residence. To apply for a visa you will need a valid passport, a passport-sized photograph, and a completed application form.

For more information, please visit Visa / Entry Permit Requirements for Hong Kong.

Transportation

From the Hong Kong International Airport to HKUST

By Taxi

Taxi is the easiest means of transport from the airport to the University. Take a RED taxi (don't take Green or Blue-coloured taxi, as they are restricted to travel in the New Territories and Lantau Island respectively) at the designated taxi stand of the airport directly to HKUST; the cost is approximately HK$350, and the travel time is about 45 minutes.

Please note that the taxi driver will punch in the toll charges onto the meter and show you the exact total amount you need to pay. Tipping is not customary, you only need to round up to the next dollar. Taxis typically do not accept credit cards, so please have HK dollars in cash available.

Taxi drivers in Hong Kong may not communicate well in English. You might need to print one of these taxi driver instructions (written in Chinese), and show it to the taxi driver after boarding.

Destination: HKUST Business School (Lee Shau Kee Business Building)

HKUST Business School address and taxi driver instructions.pdf

By Airport Express and MTR trains, Public Buses

There are other means of transportation from the airport to the University. They are less expensive, but less convenient and more time consuming.

For details, please click on the following web page.

Other means of transportation from the airport to HKUST.pdf

Between the University and Downtown

A taxi from the University campus to Kowloon/Hong Kong Island costs HK$150-200. The nearest subway stations to the University are located at Hang Hau and Choi Hung. From Hang Hau, you can reach the University by taking bus 91M, mini-bus 11, 11M or 11S. From Choi Hung, you can reach the University using bus 91 or 91M, mini-buses 11 or 11S. A taxi from Hang Hau to the University costs around HK$40 and from Choi Hung a taxi costs HK$70.

For details, please refer to the following pages.

Public Transport Information

MTR System Map

University Map

Accommodation

The conference accommodation is arranged at Crown Plaza Hong Kong Kowloon East.

Address for Taxi Drivers

From the airport to the hotel, you may take a RED taxi (don't take Green or Blue-coloured taxi, as they are restricted to travel in the New Territories and Lantau Island respectively) at the designated taxi stand. The cost is approximately HK$350, and the travel time is about 45 minutes.

Please note that the taxi driver will punch in the toll charges onto the meter and show you the exact total amount you need to pay. Tipping is not customary, you only need to round up to the next dollar. Taxis typically do not accept credit cards, so please have HK dollars in cash available.

In case conference attendees wish to travel to the hotel on their own by taxi, please find below the hotel address in both Chinese and English. You may wish to keep a hard / soft copy of the address and show it to the taxi driver.

Hotel Address (PDF file)

From Airport to Crown Plaza Hong Kong Kowloon East

Shuttle Service

The conference venue, Lee Shau Kee Business Building (LSK), is about 10 minutes away by car from the hotel. On conference days, we will provide a free shuttle service to pick up conference attendees from the hotel to LSK in the morning, and back to the hotel by the end of the day. Details on the arrangement will be provided at a later stage.

Visitor's Guide To Hong Kong And HKUST

Visitor's Guide to HKUST

HKUST, Business School, and Econ Department

Visitor's Guide to Hong Kong

Photo Gallery

Event photos will be uploaded after the workshop is concluded.