Workshop on International Macroeconomics and Finance: Macao and Global Economy
Macau, October 27 - 28, 2025 (1.5 days)
Hosted by Asia-Pacific Academy of Economics and Management and
Department of Economics, University of Macau
Organizers: Pei Kuang and Sili Zhou
Note: This workshop will be conducted in person only.
Conference venue:
Room E21B-G002
Humanities and Social Sciences Building
University of Macau
E21B Avenida da Universidade
Taipa
Macau
Preliminary Program
All times are in China Standard Time (CST).
The program is still being prepared and subject to changes.
Day 1 (Oct 27):
9 - 9.10 Welcome remarks
Richard Weixing Hu, Dean of Faculty of Social Sciences
9.10 - 10.10 Keynote - Noisy Global Value Chains
Hua Bui (University of Texas at Austin)
Zhen Huo (Yale University)
Andrei A. Levchenko (University of Michigan)
Nitya Pandalai-Nayara (University of Texas at Austin)
10.10 - 10.30 Break
10.30 - 11.10 How Stock Market Liberalization Spurs Growth?
Chang Ma (Fudan University)
Zhiyang Luo (University of Toronto)
Sili Zhou (University of Macau)
11.10 - 11.50 Expectations and the UIP Puzzles when Foresight is
Limited
Seunghoon Na (Korea University)
Yinxi Xie (Indiana University)
11.50 - 12.30 Inflation Risks in the Currency Markets
Xiang Fang (University of Hong Kong)
Peidi Chen (University of Hong Kong)
Yang Liu (University of Hong Kong)
12.30 - 14.20 Lunch at Café Rose Garden
14.20 - 15.20 Keynote - Rational Inattention and Information
Provision Experiments
Bartosz Maćkowiak (European Central Bank)
15.20 - 15.50 Break
15.50 - 16.30 How Monetary Policy is Made: Lessons from Historical
FOMC Discussions
Marc Dordal i Carreras (Hong Kong University of
Science and Technology)
Olivier Coibion (University of Texas at Austin)
Yuriy Gorodnichenko (UC Berkerley)
Cooper Howes (Federal Reserve Board)
16.30 - 17.10 Disagreement under Imperfect Memory: Theory and
Evidence
Pei Kuang (University of Macau)
Li Tang (University of Reading)
Michael Weber (Purdue University)
18.00 - Dinner at Miramar restaurant
Day 2 (Oct 28):
9 - 10 am Keynote - Hegemonic Globalization
Fernando Broner (Universitat Pompeu Fabra)
Alberto Martin (Universitat Pompeu Fabra)
Josefin Meyer (DIW Berlin & Kiel Institute)
Christoph Trebesch (Kiel Institute for the World Economy)
10 - 10.30 Break
10.30 - 11.10 The US as the Global Equity Safe Haven
Zefeng Chen (Peking University)
Yintao He (Peking University)
Zhiquan Shao (Peking University)
Changhua Yu (Peking University)
11.10 - 11.50 Fiscal Cyclicality and the Information Channel of
Government Spending Shocks
Christopher Evans (International Monetary Fund)
Siming Liu (State University of New York at Binghamton)
Shengliang Ou (Shanghai Jiaotong University)
11.50 - 12.30 A Tractable Heterogeneous Agent Framework for
International Monetary Policy Analysis
Sihao Chen (Hong Kong Baptist University)
Michael B. Devereux (University of British Columbia)
Kang Shi (Chinese University of Hong Kong)
Juanyi Xu (Hong Kong University of Science and
Technology)
12.30 - Lunch at Café Rose Garden
Accommodation:
2/F, N1, UM Guest House
University of Macau
Avenida da Universidade
Taipa
Macau
Arrival and directions:
I. From Hong Kong airport to UM
https://www.macauhkairportbus.com/
When you arrive at Hong Kong Airport, You can take the Macau Hong Kong Airport Direct to arrive the Hong Kong - Zhuhai - Macau Bridge (HZMB) Macau Port and enter Macau. After that, you can take taxi from HZMB Macau Port directly to UM campus.
Note: If you take this direct bus, you won't need to go through passport control or enter Hong Kong. Airport staff will collect your checked-in luggage and bring it to you before you board the bus.
II. From Macau airport to UM
When you arrive at Macau Airport, you can take taxi from Airport directly to UM campus.
Remark: Please prepare some cash to pay the taxi fare in Macao (it can be in MOP or HKD)
Hotel address:
澳門大學 N1 聚賢樓
UM Guest House (N1)
地址:澳門氹仔大學大馬路澳門大學，N1 聚賢樓
Address: N1, Avenida da Universidade, Taipa, Macau, China
Notes: The nearest airport is Macau International Airport which is well-connected to major Asian cities but has no direct flights to and from Europe and America. Major airports in the region include Hong Kong International Airport and airports of Shen Zhen, Zhuhai, and Guang Zhou.
Contact:
Bruna Kuan
brunakuan@um.edu.mo
Pei Kuang
Sili Zhou
silizhou@um.edu.mo