2025

The Second HKU Macroeconomics Workshop is organized by the HKU Business School, which will be a two-day workshop with twelve papers.

The 2025 conference is scheduled to take place from Sunday, May 25 to Monday, May 26, 2025.

Day 1: Sunday - May 25, 2025

9:05 Opening remarks

Innovation

9:10-10:00 Need for Speed: The Quality of Innovations and Inventor Allocation

Santiago Caicedo (Northeastern University)

10:00-10:50 Scalable versus Productive Technologies

Serdar Ozkan (St Louis Fed)

10:50-11:10 Coffee break

Keynote Speech

11:10-12:10 TBD

Gianluca Violante (Princeton)

12:10-14:00 Lunch

Labor Market

14:00-14:50 Optimal Firm Regulation with Labor Market Monopsony

Yena Park (Seoul National University)

14:50-15:40 Labor Market Friction, Firm Heterogeneity, and Aggregate Employment and Productivity

Rasmus Lentz (UW Madison)

15:40-16:00 Coffee Break

Inventories

16:00-16:50 The Role of Sell Frictions for the Cyclical Behavior of Inventories

Wouter de Haan (LSE)

18:30 Dinner

Day 2: Monday - May 26, 2025

Government Policy

9:10-10:00 Brothers in Arms: Near Equivalence of Monetary and Fiscal Rules

Lukasz Rachel (UCL)

10:00-10:50 Perceived Political Bias of the Federal Reserve

Shihan Xie (UIUC)

10:50-11:10 Coffee Break

Keynote Speech

11:10-12:10 Currency Centrality in Equity Markets, Exchange Rates and Global Financial Cycles

Hélène Rey (London Business School)

12:10-14:00 Lunch

International Macro

14:00-14:50 Dollar Debt and the Inefficient Global Financial Cycle

Paul Fontanier (Yale SOM)

14:50-15:10 Coffee Break

Finance

15:10-16:00 The Origin of Risk

Alexandr Kopytov (Simon U Rochester)

16:00-16:50 The Dependence of Belief Dynamics on Beliefs: Implications for Stock Returns

Pooya Molavi (Northwestern University)

18:30 Dinner