Program

April 3

3:00 PM - 6:00 PM

Registration at the Atour Hotel Zhengzhou East Station Longzi Lake

April 4

8:00 AM - 9:00 AM

Registration on Zhengzhou campus of Henan University

8:30 AM

Conference Shuttle to Campus

Departure Time: 8:30 AM

In Front of the Main Lobby of the Atour Hotel Zhengzhou East Station Longzi Lake

9:00 AM - 9:45 AM

Conference Opening with Group Picture

9:45 AM - 10:45 AM

Keynote Lecture by

Xiaodong Zhu
(University of Hong Kong)

Bottom Up Institutional Change and Growth - Theory and Evidence from China

Room B-105

Abstract
Image
10:45 AM - 11:15 AM

Coffee Break

11:15 AM - 12:45 PM

Parallel Session 1 A
Financial Economics

Chair: Young Sik Kim

Room B-105

Financial Development and Housing Laffer Curve

Zhifeng Cai / Feng Dong / HAONING SUN

Abstract
The Payday Loan Puzzle: A Credit Scoring Explanation

TSUNG-HSIEN LI / Jan Sun

Abstract
Predicting the Payment Preference for CBDC: A Survey Experiment Analysis

Syngjoo Choi / Bongseop Kim / YOUNG SIK KIM / Ohik Kwon / Soeun Park

Abstract

Parallel Session 1 B
Macroeconomic Risk

Chair: Yifan Shen

Room C-315

Geopolitical Risks and Inflation Expectation in the U.S. Treasury Yield Curve

Linlin Niu / HAORAN BAI / Zhiwu Hong

Abstract
Macro Risk Premiums and Stock Returns: An Open Economy DSGE Approach

PENGLU FU / Zongxin Qiana / You Wu

Abstract
Macro Uncertainty and Energy Price Volatility

YIFAN SHEN

Abstract

Parallel Session 1 C
Banking and Finance

Chair: Yan Liu

Room C-316

Multi-Tiered Interbank Market and Monetary Policy Implementations

XIAOMING LI

Abstract
Shadow Banks vs. Commercial Banks: Different Responses or Different Shocks?

LI YU

Abstract
A New Dataset of Banker Surveys: Credit Conditions for 44 countries over 1993-2021

YAN LIU / Xueqing Zhao

Abstract
12:45 PM - 2:00 PM

Lunch Break

2:00 PM - 3:00 PM

Keynote Lecture by

Thorsten Beck
European University Institute

Cross-Border Supervisory Cooperation - A Progress Report

Room B-105

Abstract
Image
3:00 PM - 3:30 PM

Coffee Break

3:30 PM - 5:30 PM

Parallel Session 2 A
Exchange Rates

Chair: Tong Bing

Room B-105

Can Exchange Rate Predictability Be Improved through Machine Learning?

YA-CHI LIN

Abstract
Inflation Targeting and Exchange Rate Predictability in Emerging and Low-income Economies

WENJIAO HU

Abstract
The Rouble-Yuan Exchange Rate and the Deepening of the Partnership between Russia and China

KIRIL TOCHKOV

Abstract
Gradual Portfolio Adjustment, Foreign Exchange Intervention, and Open Market Operations

Rong Li / Dongzhou Mei / TONG BING

Abstract

Parallel Session 2 B
International Trade

Chair: Qianqian Wang

Room C-315

Why Is China Pushing for Globalization: A Leadership Theory of Globalization?

MEIXIN GUO / David Daokui Li / Kun Lang

Abstract
We Want What They're Having: Endogenous Network Preferences in International Trade

Wei He / JAIMIE W. LIEN / Jie Zheng

Abstract
Input Trade, Misallocation and Productivity

WENXIAO DONG

Abstract
New Direct Exporter Dynamics

QIANQIAN WANG

Abstract

Parallel Session 2 C
Government Debt

Chair: Weijie Luo

Room C-316

Central Bank Independence, Government Debt and the Re-Normalization of Interest Rates

Tatiana Kirsanova / Campbell Leith / DING LIU

Abstract
Bubbly Government Debt and Globalization

Feng Dong / Haozhou Tang / YIZHEN WANG

Abstract
Demography and Government Debt: The Effect of Tax Composition

WEIJIE LUO

Abstract
6:00 PM

Banquet Dinner - Henan Delicacies

April 5

8:30 AM

Conference Shuttle to Campus

Departure Time: 8:30 AM

In Front of the Main Lobby of the Atour Hotel Zhengzhou East Station Longzi Lake

9:00 AM - 10:00 AM

Keynote Lecture by

Lawrence J. Christiano
Northwestern University

When is Rational Expectations a Useful Assumption for Policy Analysis?

Room B-105

Abstract
Image
10:00 AM - 10:30 AM

Coffee Break

10:30 AM - 12:30 PM

Parallel Session 3 A
International Economics

Chair: Jie Zheng

Room B-105

The U.S. Dollar and Deviations from RMB Covered Interest Parity

ZHITAO LIN / Bingyan Zheng / Shi He

Abstract
Robot Adoption and Export Performance

LONGFEI GUO, Wenxiao Dong

Abstract
Transportation Infrastructure and Foreign Direct Investment: Evidence from the Navigation of Yangtze River

Hongyan Jia / JINGWEN TAN

Abstract
Treasure or Leisure? Trading Economy in a World of Social Comparison

Lang Gan / Zeng Lian / Jaimie W. Lien / JIE ZHENG

Abstract

Parallel Session 3 B
Monetary Policy

Chair: Chao He

Room C-315

The International Spillovers of US Monetary Policy Uncertainty: Is it a Dilemma or Trilemma for Monetary Policy?

Joseph Dennis Alba / JINGRU LUO / Peiming Wang

Abstract
The Effects of Monetary Policy on Foreign Reserves

YUANCHEN BING

Abstract
Money Injection and Reversal

CHAO HE

Abstract

Parallel Session 3 C
Sectoral Economics

Chair: Lin Zhang

Room C-316

China Spillovers: Aggregate and Firm-Level Evidence

Alexander Copestake, MELIH FIRAT, Davide Furceri, Chris Redl

Abstract
Industrial Policy and Monetary Policy Effectiveness: Evidence from Investment Behavior of Listed Companies

YISHUO MA

Abstract
Sector-Specific Supply and Demand Shocks: Joint Identification

SERGEY IVASHCHENKO

Abstract
Sectoral Shocks, Production Linkages and Business Cycles in China

Lunan Jiang / Young Sik Kim / LIN ZHANG

Abstract
12:30 PM - 2:00 PM

Lunch Break

2:00 PM - 3:30 PM

Parallel Session 4 A
Trade in Special Markets

Chair: Jarko Fidrmuc

Room B-105

The Darkside of Early-Stage FinTech: Evidence from Chinese Firm Exports

Ling Feng / YIXUAN LIU / Yahong Zhou

Abstract
Energy Market Booms and Current Account Deficits in Countries of the Belt and Road Initiative

Tao Jin / Lingxiang Zhang / XIN ZHENG

Abstract
Trade Restrictions and Rare Earths

Ayele Mathilde Ajavon / Camelia Turcu / JARKO FIDRMUC

Abstract

Parallel Session 4 B
Economic Cycles

Chair: Soumya Bhadury

Room C-315

International Credit Cycles

Feng Dong / ZHIWEI XU / Jinxiang Yu

Abstract
Bubbly Cycles of Global Imbalances

Feng Dong / Siqing Wang / ZHENYANG XU / Zhiwei Xu

Abstract
A Predator-Prey Model to Explain Financial Cycles in Emerging Markets

SOUMYA BHADURY / Jay Surti

Abstract
3:30 PM - 4:00 PM

Coffee Break

4:00 PM - 5:30 PM

Parallel Session 5 A
Fiscal Policy

Chair: Shangdi Hou

Room B-105

Effects of the Fiscal Rule and Model Assumptions on the Response of Inflation in the Aftermath of a Terms-of-Trade-Shock

MIKHAIL ANDREYEV

Abstract
Fiscal Consolidation within the Context of China's Distinctive Open Economic Framework

YUNHAN ZHANG / Hao Jin / Zhixin Liu

Abstract
Optimal Fiscal Policy with Ricardian and Hand-to-Mouth Agents

SHANGDI HOU / Renbin Zhang

Abstract

Parallel Session 5 B
Economics of the EU

Chair: Makram El-Shagi

Room C-315

The Impact of the Russo-Ukrainian War, National Energy Subsidy and Financial Assistance on the EMU's Convergence

KUO-CHUN YEH / Ya-Chi Lin

Abstract
What Is Wrong with the EU Windfall Tax on Banks' Profits? Cobra Effect When Inflation Curbing Results in the Boost.

HENRY PENIKAS

Abstract
The Effect of Monetary Policy Shocks on Inequality in the Eurozone

MAKRAM EL-SHAGI

Abstract

Parallel Session 5 C
Topics in Economics

Chair: Mingming Jiang

Room C-316

The Economics Efficiency of Casino Taxation under Market Power in Inbound Tourism

Xinhua Gu / Nian Liu / WANYU YANG / Qingbin Zhao

Abstract
The Role of Institutions in Shaping the Growth-Aid Relationship

CARLOS BETHENCOURT / Fernando Perera-Tallo

Abstract
Manager-Worker Compensation Gap in the Digitalized Era

Wenqi Duan / MINGMING JIANG / Jianhong Qi

Abstract
6:00 PM

Dinner - Beijing Style Hot Pot

April 6

All Day

Optional: Post-conference field trip to visit Millionaire Kang's Mansion in Gongyi County