NBER-CCER Conference

China and the World Economy

Venue: National School of Development, Peking University

May 23-24, 2019

May 23, 2019
9:00-9:40 am
Opening Remarks: James Poterba (NBER & MIT) and Yang Yao (CCER PKU)

Economic Outlook of China and the United States
Yang Yao: Recent Development in the Chinese Economy
James Poterba: Recent Development in the US Economy

9:40-10:10 Group Photo and Coffee Break

10:10-11:55 Domestic and International Investment
Janice Eberly, NBER & Northwestern Kellog
   Understanding Weak Investment

Lin, Justin and Xin Wang (NSE)
   Development Strategy and Capital Flows

Lixing Li (NSD PKU)
   The multi-dimensionality of state capacity in China: government regulations and firm responses

12-1 pm Lunch

1:00-2:45 pm Political Economy

Ray Fisman, Boston University
   Economics and Politics of Worker Safety

Zhang, Xiaobo and Tianyang Xi
   Moving Umbrella: Transfers, Collusion, and Rent-seeking in China

McMillan, Margaret Tufts University)
   Africa’s Growth Puzzle: Can China Help?

2:45-3:15 Coffee/Tea Break

3:15-4:45 Finance and Development

Olivier Jeanne, NBER & Johns Hopkins University
   Currency and Trade Wars (background paper)  (background paper)

Yu Changhua (with Michael Deveraux)
   International Financial Integration and Crisis Contagion

Shang-Jin Wei, NBER & Columbia University
   Internet Trading Platforms and Conflicts of Interest in Financial Intermediaries

May 24, 2019
9:00-10:10 Public Finance

James Poterba, NBER & MIT
   Retirement Security in a Low-Return Environment

Lin, Shuanlin (Peking University)
   Optimal Income Tax Rates for Rich and Poor Countries

10:10-10:30 am Coffee/Tea Break

10:30-12:15 International Capital Flows

Sebnem Kalemli-Ozcan, NBER & University of Maryland
   Corporate Leverage in the United States, Europe and Emerging Markets

Brent Nieman (NBER & Chicago Booth)
   The US Dollar and Capital Allocation

Ju, Jiandong (Tsinghua)
   A Geographic Model with Capital Flows

12:15-1:15 pm Lunch

1:20-2:55 pm Regulation and Trade

Rohini Pande, NBER & Harvard Kennedy School
    Regulatory Design and Pollution

Yong Wang (NSE PKU)
   The Sandwich Effect: Challenges for Middle-Income Countries

Miaojie Yu (Peking University NSD)
   China Quality Shock: Indonesian Firm Productivity under Global Quality Competition from China

2:55-3:15 Break

3:15- 5:00 pm Health and Social Capital

Simone Schaner (NBER and University of Southern California)
   Ensuring Access to Essential Medicines while Combatting Overuse

Se Yan (Guanghua School of Management, PKU)
   Culture, Social Capital, and Corporate Behavior

Fan Zhang (NSD, Peking University)
   Comparison on manufacturing tax burdens between China and the U.S.

5:00 - 5:10 pm
Closing Remarks: James Poterba and Yang Yao

Format: 25 minutes per presenter; Comments and discussion for the balance of each session.

Conference hotel: The Wenjin Hotel

Conference shuttle bus to Peking University from the Wenjin Hotel will depart from the front door of the hotel at 8:40 on May 23 and 24. There will be student volunteers in the lobby at 8:30 to guide you to the shuttle.

May 25, morning
Walk in the Summer Palace (optional)