The 4th International Macroeconomics and Finance Conference

“Open Economy Macroeconomics in the Age of Normalization”

12 and 13 April 2019

HKIMR and HKUST

Day 1, 12 April: Harbour Room, 56/F, Two International Finance Centre, Central 

8:30 - 8:50am Registration and Welcome Coffee

8:50 - 9:00am          Opening Remarks

HKMA

9:00 - 10:15am        Keynote Speech

Session Chair: Ippei Fujiwara, Keio University and Australian National University

Frank Warnock, University of Virginia, Darden School of Business

Discussant: TBA 

10:15 - 10:45am   Coffee Break

10:45 - 12:45pm     Session 1

Session Chair: TBA

“Uncertainty and Economic Activity: A Multi-Country Perspective”

Ambrogio Cesa-Bianchi, Bank of England*

M. Hashem Pesaran, University of Southern California and University of Cambridge

Alessandro Rebucci, Johns Hopkins University

“New Risk Sharing Channels in OECD Countries: a Heterogeneous Panel VAR Approach”

Pierfederico Asdrubali, John Cabot University 

Soyoung Kim, Seoul National University*

Filippo Pericoli, Joint Research Centre, European Commission 

Pilar Poncela, Joint Research Centre, European Commission

12:45 - 2:00pm       Conference Lunch (By invitation)

2:00 - 4:00pm         Session 2

Session Chair: Kwanho Shin, Korea University, Hitotsubashi Institute for Advanced Study (HIAS)

“International Linkages and the Changing Nature of International Business Cycles”

Wataru Miyamoto, University of Hong Kong* 

Thuy Lan Nguyen, Santa Clara University

“Production Network and International Fiscal Spillovers”

Michael Devereux, University of British Columbia* 

Karine Gente, Aix-Marseille University

Changhua Yu, Peking University

4:00 - 4:30pm         Coffee Break

4:30 - 5:30pm         Session 3

Session Chair: Jinill Kim, Korea University

“The cross section of the Great Moderation: What drives central bank performance in the long term?”

Livio Stracca, European Central Bank*

5:30pm                    Conference adjourns

6:00pm                    Conference Dinner (By invitation)

Day 2, 13 April: HKUST Campus, Main Academic Building, Lecture Theatre H, Clearwater Bay 

8:30 - 9:00am  Registration and Welcome Coffee

9:00 - 10:15am        Keynote Speech

Session Chair: TBA

Enrique Mendoza, University of Pennsylvania

Discussant: TBA 

10:15 - 10:45am   Coffee Break

10:45 - 12:45pm     Session 1

Session Chair: TBA

“Optimal Macroprudential Policy and Asset Price Bubbles”

Nina Biljanovska, International Monetary Fund* 

Lucyna Górnicka, International Monetary Fund 

Alexandros Vardoulakis, Federal Reserve Board

“The Elusive Gains from Inward-Looking Monetary Policy”

Martin Bodenstein, Federal Reserve Board *

Giancarlo Corsetti, University of Cambridge 

Luca Guerrieri, Federal Reserve Board

12:45 - 2:00pm       Conference Lunch (By invitation)

2:00 - 4:00pm         Session 2

Session Chair: TBA

“Labor Mobility and Exchange Rate Regime in Open Economies” 

David Cook, Hong Kong University of Science and Technology 

Haichao Fan, Fudan University

Jenny Xu, Hong Kong University of Science and Technology*

“Euro Area and U.S. External Adjustment: The Role of Commodity Prices and Emerging Market Shocks”

Massimo Giovannini, European Commission Stefan Hohberger, European Commission Robert Kollmann, Universite Libre de Bruxelles* Marco Ratto, European Commission

Werner Roeger, European Commission Lukas Vogel, European Commission

4:00 - 4:30pm         Coffee Break

4:30 - 5:30pm         Session 3

Session Chair: Kwanho Shin, Korea University, Hitotsubashi Institute for Advanced Study (HIAS)

“Global Effective Lower Bound and Unconventional Monetary Policy”

Jing Cynthia Wu, University of Notre Dame 

Ji Zhang, Tsinghua University PBCSF*

5:30 - 5:45pm         Concluding Remarks

5:45pm                    Conference Ends