Hong Kong Institute for Monetary Research (HKIMR)

First Annual International Conference on the Chinese Economy : "China and the Global Economy: Macro, Trade and Financial Linkages"

11 January 2010 (Monday) - 12 January 2010 (Tuesday)

Monday 11 January
8:30 - 9:00 Registration

Session 1 Chair: Dong He (HKMA and HKIMR)

9:00 - 9:30 Opening Remarks by Professor Robert Mundell

9:30 – 10:20 Life Cycle Earnings and the Household Saving Puzzle in a Fast-Growing Economy
by Zheng Michael Song from Fudan University and Dennis Tao Yang from The Chinese University of Hong Kong

10:20 – 10:50 Coffee Break

10:50 – 11:40 Income Inequality, Social Status, and Household Saving and Consumption in China

11:40 – 13:40 Keynote Speech: Some Myths about the Chinese Economy
by Professor Lawrence J. Lau from The Chinese University of Hong Kong

Session 2 Chair: Li Cui (HKMA)

13:40 - 14:30 Asia’s Vertical Trade Integration, Exchange Rate, and China's Export Dynamics
by Zhiwei Zhang from Hong Kong Monetary Authority

14:30 - 15:20 Are Chinese Exports Sensitive to Changes in the Exchange Rate?
by Shaghil Ahmed from Board of Governors of the Federal Reserve System

15:20 - 15:50 Coffee Break

15:50 - 16:40 Real Exchange Rate Undervaluation: Static Losses, Dynamic Gains

by Anton Korinek from University of Maryland

Tuesday 12 January
Session 3 Chair: Hongyi Chen (HKIMR)

9:00 – 9:50 The Sexual Foundations of Economic Growth: Evidence from China
by Shang-Jin Wei from Columbia University

9:50 - 10:20 Coffee Break

10:20 – 11:10 Productivity Spillovers from Foreign Direct Investment: Evidence from Firm-Level Data in China
by Yu Sheng from Australia National University

11:10 – 12:00 Intra-national Consumption Risk Sharing in China
by Wai-Yip Alex Ho from Hong Kong Monetary Authority

12:00 – 14:00 Luncheon Speech: The Chinese Approach to Capital Account Liberalization: What Do We Learn from Renminbi Banking in Hong Kong?
by Dong He from HKMA and HKIMR

Session 4 Chair: Shang-Jin Wei (Columbia University)

14:00 – 14:50 China’s Industrial Structure and its Changes in Recent Years: An Analysis of the 1997–2005 Input-Output Tables
by Satoko Ueyama from Bank of Japan

14:50 – 16:20 Panel Discussion: How Should We Think About the Chinese Economy?

Andrew Filardo from Bank for International Settlements
Louis Kuijs from World Bank
Wensheng Peng from Barclays Capital
Eswar Prasad from Cornell University and Brookings Institution

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