Conference Date & Venue
Date: June 15-17,2012
Venue:Zhejiang Narada Grand Hotel,Shuguang Road 122#, Hangzhou, China
Hotel Tel: 86-571-87990888
Hotel Web:


Conference Programme
Friday,June 15
Reception Dinner
Saturday,June 16
Jianjun Miao
Welcome Remarks:
Jinchuan Shi(Zheiang University)
Keynote Speaker:
Harald Uhlig (University of Chicago)
The Dynamics of Sovereign Debt Crises and Bailouts
9:50-10:00 Break
Tao Zha (Federal Reserve Bank of Atlanta and Emory University)
Housing Price and Unemployment
Vincenzo Quadrini (University of Southern California)
Unions, debt and hiring
11:40-11:50 Break
Jianjun Miao(Boston University)
Stock Market Bubbles and Unemployment
12:40-13:40 Lunch
Moderator: Ying Huang(Zheiang University)
Alberto Martin (CREI and Universitat Pompeu Fabra)
Asset Prices and Macroeconomic Activity
Kosuke Aoki( University of Tokyo)
Bubbles, Banks, and Financial Stability
15:20-15:40 Break
Pengfei Wang(Hong Kong University of Science and Technology)
Stock Market Bubbles and Business Cycles
Noriyuki Yanagawa (University of Tokyo)
Asset Bubbles and Bailout
18:00 Dinner
Sunday,June 17
Moderator: Yanmin Qian(Zheiang University)
Christophe Chamley (Boston University)
Demand Creates its Own Supply
Christian Gollier (Toulouse School of Economics)
Optimal illusions and the simplification of Beliefs
10:10-10:30 Break
NengjiuJu (Hong Kong University of Science and Technology)
Delegated Portfolio Management under Adverse Selection in a Continuous-Time
Carl Chen (University of Dayton )
Political Connections and Firm Value: New Evidence
12:10 Adjourn
Each presenter has 40 minutes to present a paper and 10 minutes for questions and discussions.
The keynote speaker has one hour to present a paper.


Contact Information

Ms.Hangmin Sun,Ms. Sha Yang
Add:Room 530, AFR, College of Economics,
        Zheda Road 38#, Hangzhou, China 310027



Hangzhou Introduction

1.Hangzhou Introduction
    Hangzhou, the capital of Zhejiang province with the sub-provincial administrative level, is the center of provincial politics, economy, culture, science and education. It covers an area of 16596km2 with a population of 6.60 million. The economic development level of Hangzhou is very high, its economic strength is continuously ranked second among all provincial capitals and its economic general strength is listed in the top ten among all the big-middle cities in China. Hangzhou is not only one of the safest tourist-city, but also one of the best cities of internal security.
    It was the capital of the Southern Sung dynasty from 1132 to 1276, when it was sacked by Kublai Khan. In the Southern Sung period , Hangzhou rich with a thriving silk trade, was a center of art, literature, and scholarship and a cosmopolitan city with a large colony of foreign merchantsArabs, Persians, and Nestorian Christians.
    Hangzhou locates close to China east coast, in the lower reaches of the Qiantang River and at the southern end of the Grand Canal (Beijing - Hangzhou). The distance between Hangzhou and Shanghai is 200 kilometers, which is connected by the railway and highway. It only takes less than 2 hours to reach Shanghai; the trip is quite comfortable and efficient. The city tree is Camphor Tree and the city flower is Osmanthus.
    As a famous scenic city in China, Hangzhou attracts more than 20 million domestic and foreign tourists every year. Hangzhou is known for its natural beauty of West Lake worldwide. Above is paradise, below is Suzhou and Hangzhou expresses peoples indeed praise to Hangzhou. In the Yuan Dynasty, the famous Italian traveler Marco Polo described this city as the finest and most splendid city in the world..

2.Hangzhou Map