The Twelfth NBER-CCER Conference on China and the World Economy

Time: June 25-28, 2010

Venue: CCER, Beijing University

June 25 (Fri), 7:00 pm: Dinner reception at the CCER

(NBER participants will meet in the lobby of Wenjin Hotel at 6:30 pm)

June 26 (Sat)

8:45 – 9:00 am: Registration

9:00 – 9:10: Opening remarks

Yang Yao (CCER), Shang-Jin Wei (NBER), Chong-En Bai (Tsinghua)

9:10 – 10:20: Macroeconomics in China and the United States

Chair: Ho-mou Wu (CCER)

Feng Lu (CCER): Macroeconomic issues in China

Simon Johnson (NBER and MIT): The Financial Oligarchy in the United States

10:20-10:40: coffee break

10:40-12:25 Exchange Rates and Economic imbalances (I)

Chair: Chong-En Bai

Kenneth West (NBER and University of Wisconsin, Madison): Exchange rate economics

Yang Yao (CCER): Manufacturing-finance comparative advantage and China’s trade surplus

Binzheng Wu (Tsinghua University): Income inequality, status seeking, and consumption

12:30 – 1:45 pm Lunch

2:00 -3:45 Exchange Rates and Economic imbalances (II)

Chair: Simon Johnson

Chong-En Bai (Tsinghua University): Declining share of household income in China

Shang-Jin Wei (NBER and Columbia University): Global imbalances & “undervalued” currency

Binkai Chen (CUFE): The Cursed Virtue -- Infrastructural Investment and Household Consumption in China

3:45 – 4:05: Coffee break

4:05 – 5:15 Entrepreneurship and Capital Allocation

Chair: Yang Yao

Erik Hurst (NBER and University of Chicago): Entrepreneurship

Ping He (Tsinghua University): Capital allocation and operation efficiency in China

6:30 pm Dinner hosted by CCER at Su Zhe Hui Restaurant (dinner speech by Zhao Haiying, Vice President, Central Huijin Investment Ltd.)

June 27 (Sun)

9:00 – 10:10 am Banking and consumer finance

Chair: Erik Hurst

Peter Tufano (NBER and Harvard University): Consumer finance

Yan Shen (CCER): Financial Sector efficiency and lending behavior in China

10:10 – 10:40: coffee break

10:40 – 11:50: Consumer credit and regional governments

Chair: Shang-Jin Wei

Jonathan Levin (NBER and Stanford University): Recent research on consumer credit market

Li-An Zhou (GSM): Incentives of Chinese Local Officials

11:50- 1:10 pm Lunch

Afternoon: Hike on the Great Wall (Simatai section)

1:20 pm Bus leave from the CCER

7:30 pm Dinner hosted by the NBER at Zui Ai Restaurant (South China cuisine)

NBER participants meet in the lobby of Wenjin Hotel at 7 pm after back from the Wall

June 28 (Mon)

9:00-10:45 am: Health economics

Chair: Yan Shen

Daniel Kessler (NBER and Stanford University): Health economics

Ling Li (CCER): Healthcare in China

Amanda Kowalski (NBER and Yale University): Assessing the impact of health care mandate

10:45 – 11:00: coffee break

11:00-12:10: Labor and productivity

Chair: Kenneth West

Richard Freeman (NBER and Harvard University): Topic in labor economics

Miaojie Yu (CCER): Processing trade, productivity and firm scope

12:10-12:20 Closing remarks

12:20 – 1: 30 Lunch

2-5 pm Optional visit to the Summer Palace (to be led by Shang-Jin)

*******

Time allocation: 20-22 minutes per speaker + Q&A balance of the time

Other information:

Emergency contact:

CCER contact persons:

Prof. Yang Yao: 13701142170 (cell), 6275-3103 (office)

Ms. Jiao Wang: 15901021990 (cell), 6276-6005 (office)

NBER contact person:

Prof. Shang-Jin Wei: (NY) (212) 854-9139, (China cell): 1380-17100-315

Wenjin Hotel 文津国际酒店

Note: bus will be arranged to take all the guests from the Wenjin Hotel to the CCER. Pick-up time is 8:20am everyday from June 25-28. To be led by Professor Shang-Jin Wei.

Address: Tsinghua University’s South Gate, Chengfu Road, Haidian District, Beijing, 100084 China, Tel: +8610 6252 5566, Fax: +8610 8262 1556

Address in Chinese: 中国北京市 海淀区成府路 清华大学南门

Link to a map: http://www.wenjin.com.cn/en/map.html

Hotel general website: http://www.wenjin.com.cn/en/hotel_info.html

Program Committee: Yang Yao (CCER), Chong-En Bai (Tsinghua), and Shang-Jin Wei (NBER)

6/22/10