Organizer
June 24-25, 2026 · Shenzhen, China
The 10th PHBS Workshop in Macroeconomics and Finance
第十届北京大学汇丰商学院宏观经济与金融国际会议
Date
June 24-25
Venue
Room 411, PHBS
City
Shenzhen
About the Workshop
Macroeconomics in a Transforming Economy.
The 10th PHBS Workshop in Macroeconomics and Finance, organized by Sargent Institute of Quantitative Economics and Finance, Peking University HSBC Business School, and Department of Accountancy, Economics and Finance, Hong Kong Baptist University Business School, will take place on June 24-25, 2026 in Shenzhen, China.
The workshop aims to bring together leading experts in macroeconomics in a transforming economy. Contributions are welcome in all areas of macroeconomics and finance related to the research themes.
Organizer
Hong Kong Baptist University School of Business, Department of Accountancy, Economics and Finance
Program
Two days of focused macroeconomics and finance discussion.
Day 1
Wednesday 24 June, 2026
Venue: Room 411 @ Peking University HSBC Business SchoolGenpla Hotel Pick-Up
Registration
Opening Remarks
Thomas Sargent
Peking University HSBC Business School, New York University
Session Chair: Jiao Shi (Peking University HSBC Business School)
The Misallocation Cost of Inflation: A Sufficient Statistics Approach
Klaus Adam · University of Mannheim
Break
The Dominant Currency War
Saki Bigio · University of California, Los Angeles
Monetary and Fiscal Policy: Some New Monetarist Arithmetic
Chao Gu · University of Missouri
Group Photo and Networking Lunch
Session Chair: Fei Zhou (Hong Kong Baptist University)
Catastrophic Equilibria: Uninsurable Risk, Inequality and Mobility
Albert Marcet · CREI / Barcelona School of Economics / Universitat Pompeu Fabra
Automation and Dynamic Efficiency: When Do Robots Benefit Every Generation?
Feng Dong · Tsinghua University
Break
Employment Stability, Earnings Dynamics, and Life-Cycle Savings
Moritz Kuhn · University of Mannheim
From Savings Push to Demand Pull: Dynamic Consumption Externalities and Optimal Industrial Upgrading
Xuewen Liu · The University of Hong Kong
Welcome Dinner
By invitation
Day 2
Thursday 25 June, 2026
Venue: Room 411 @ Peking University HSBC Business SchoolGenpla Hotel Pick-Up
Registration
Session Chair: Yicheng Wang (Peking University HSBC Business School)
Micro Shocks and Macro Fluctuations in the Information Network
Zhen Huo · Yale University
Break
Learning and the Emergence of Nonlinearity in Financial Markets
Pooya Molavi · Northwestern University
Belief Disagreement, Financial Speculation, and Optimal Macroprudential Policy
Ding Dong · Hong Kong Baptist University
Closing Remarks
Pengfei Wang
Dean, Peking University HSBC Business School
Networking Lunch
Speakers
Researchers featured across the workshop program.
University of Mannheim
University of California, Los Angeles
University of Missouri
CREI / Barcelona School of Economics / Universitat Pompeu Fabra
Tsinghua University
University of Mannheim
The University of Hong Kong
Yale University
Northwestern University
Hong Kong Baptist University
Venue
Room 411 at Peking University HSBC Business School.
Enquiries
For questions, please contact the workshop office.
Conference Contact