The 1st International Macroeconomics and Finance Conference
March 17-18th, 2016
HKIMR and HKUST
March 17-18th, 2016
HKIMR and HKUST
Day 1: March 17, 2016 (Thursday)
Venue: Harbour Room, 56th Floor, Two International Finance Centre, Central
8:30 - 8:50am Registration and Welcome Coffee
8:50 - 9:00am Opening Remarks (Cho-hoi Hui, Hong Kong Monetary Authority)
Morning Session
Chair: Matthew Yiu (Hong Kong Institute for Monetary Research)
9:00 - 10:15am Keynote Speech: “Global Imbalances and Currency Wars at the ZLB”
Pierre-Olivier Gourinches (University of California-Berkeley)
Discussant: Tomoyuki Nakajima (Kyoto University)
10:15 -10:45am Coffee Break
10:45 - 11:45am “Cross-Country Exposures to the Swiss Franc”
Agustin Benetrix (Trinity College Dublin)
11:45 - 12:45pm “The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through”
Ida Hjortsoe (Bank of England)
12:45 - 2:00pm In-house Lunch (By invitation)
Afternoon Session
Chair: David Cook (Hong Kong University of Science and Technology)
2:00 - 3:15pm “A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies”
Michael B. Devereux (University of British Columbia)
3:15 - 3:45pm Coffee Break
3:45 - 4:45pm “Sustainable International Monetary Policy Cooperation”
Timothy Kam (Australian National University)
4:45 - 5:45pm “The First Arrow Hitting the Currency Target: A Long-Run Risk Perspective”
Takashi Kano (Hitotsubashi University)
6:00 - 9:00pm Dinner (By invitation)
Day 2: March 18, 2016 (Friday)
Venue: Room G001, G/F, Lee Shau Kee Business Building, HKUST
8:15am Coach to University
8:45 - 9:15am Breakfast at Conference Venue
Morning Session
Chair: Ippei Fujiwara (Keio University)
9:15 - 10:30am Keynote Speech: “Optimal Fiscal Policy with Endogenous Product Variety”
Fabio Ghironi (University of Washington)
Discussant: Jenny Xu, Hong Kong University of Science and Technology
10:30 -11:00am Coffee Break
11:00 - 12:00am “Capital Controls and Monetary Policy Autonomy in a Small Open Economy”
Scott Davis (Federal Reserve Bank at Dallas)
12:00 - 2:00pm Lunch (by special invitation).
Afternoon Session
Chair: Michael B. Devereux (University of British Columbia)
2:00 - 3:00pm “Monetary and Financial Policies in Emerging Markets”
Gianluca Benigno (London School of Economics)
3:00 - 3:15pm Coffee Break
3:15 - 4:15pm “Currency War at the Zero Lower Bound”
Ruy Lama (International Monetary Fund)
4:15 - 5:15pm “Fiscal Policy in a Currency Union at the Zero Lower Bound”
David Cook (Hong Kong University of Science and Technology)
5:30pm Departure for Dinner (by special invitation).