HKU Macroeconomics Workshop

The Second HKU Macroeconomics Workshop is organized by the HKU Business School, which will be a two-day workshop with twelve papers.

The 2025 conference is scheduled to take place from Sunday, May 25 to Monday, May 26, 2025.

Day 1: Sunday – May 25, 2025

9:05	Opening remark
Innovation
9:10-10:00	Need for Speed: The Quality of Innovations and Inventor Allocation Santiago Caicedo (Northeastern University)
10:00-10:50	Scalable versus Productive Technologies Serdar Ozkan (St Louis Fed)
10:50-11:10	Coffee break
Keynote Speech
11:10-12:10	Job Amenity Shocks and Labor Reallocation Gianluca Violante (Princeton)
12:10-14:00	Lunch
Labor Market
14:00-14:50	Optimal Firm Regulation with Labor Market Monopsony Yena Park (Seoul National University)
14:50-15:40	Labor Market Friction, Firm Heterogeneity, and Aggregate Employment and Productivity Rasmus Lentz (UW Madison)
15:40-16:00	Coffee break
Inventories
16:00-16:50	The Role of Sell Frictions for the Cyclical Behavior of Inventories Wouter de Haan (LSE)
18:30	Dinner

Government Policy
9:10-10:00	Brothers in Arms: Near Equivalence of Monetary and Fiscal Rules Lukasz Rachel (UCL)
10:00-10:50	Perceived Political Bias of the Federal Reserve Shihan Xie (UIUC)
10:50-11:10	Coffee break
Keynote Speech
11:10-12:10	Currency Centrality in Equity Markets, Exchange Rates and Global Financial Cycles Hélène Rey (London Business School)
12:10-14:00	Lunch
International Macro
14:00-14:50	Dollar Debt and the Inefficient Global Financial Cycle Paul Fontanier (Yale SOM)
14:50-15:10	Coffee Break
Finance
15:10-16:00	The Origin of Risk Alexandr Kopytov (Simon U Rochester)
16:00-16:50	The Dependence of Belief Dynamics on Beliefs: Implications for Stock Returns Pooya Molavi (Northwestern University)
18:30	Dinner

Events