From June 16 to 17, the 13th Shanghai Macroeconomics Workshop was successfully held at the School of Economics, Shanghai University of Finance and Economics. The workshop brought together macroeconomics scholars and outstanding doctoral students from multiple universities and institutions at home and abroad, including University College London, the Bank of Italy, the University of Nebraska, the University of Hong Kong, Tsinghua University, Peking University, Fudan University, Shanghai Jiao Tong University, Xiamen University, and Jinan University. It aimed to promote cooperation and development in macroeconomic research through high-level academic exchange.
Professor Chen Yuanyuan, Associate Dean of the School of Economics at Shanghai University of Finance and Economics, delivered the opening address and extended a warm welcome to experts and scholars from various regions. She emphasized the important significance of this workshop for promoting macroeconomic research and advancing academic exchange, and expressed the hope that this exchange would stimulate the research ideas of participating scholars and promote mutual academic cooperation.
The workshop invited Professor Zhu Xiaodong of the University of Hong Kong and Professor Vincent Sterk of University College London to deliver keynote speeches on the themes "Bottom-up Institutional Change and Growth in China" and "Optimal Monetary Policy during a Cost of Living Crisis," respectively.
In the thematic report session, on the morning of June 16, Associate Professor Jiang Helu of Shanghai University of Finance and Economics shared research titled "Breaking the 'Iron Rice Bowl': Reform, Labor Market Misallocation, and Productivity." Assistant Professor Ma Xiao of Peking University presented a report titled "The Dynamics of Agricultural Productivity Gaps: An Open-Economy Perspective."
On the afternoon of June 16, Associate Professor Yu Yang of Shanghai Jiao Tong University, Associate Professor Feng Zhigang of the University of Nebraska, and Associate Professor (Tenured) Zhang Jingyi of Shanghai University of Finance and Economics presented thematic reports on "How to Select Equilibrium Selection Devices from Data?", "The National Debt in a Framework of Time-Consistent Fiscal Policy," and "Real Interest Rates and Monetary Policy Implications in an Ageing Economy," respectively.
On the morning of June 17, Assistant Professor Wang Zijian of Jinan University presented a report titled "Financial Friction with Rational Inattention." Senior Economist Alex Tagliabracci of the Bank of Italy presented a report titled "The (Ir)rationality of Firms' Price Expectations and the Effects on Their Economic Decisions."
On the afternoon of June 17, during the workshop's doctoral student forum session, doctoral student Wang Runsheng of Shanghai University of Finance and Economics, doctoral students Du Haofeng and Wu Yu of Peking University, and doctoral student Wang Yizhen of Tsinghua University presented reports on "Intersectoral Distortions, Endogenous Production Networks and Structural Change," "Can Increasing Consumption Promote Long-Run Growth?", "Migration, Labor Market Integration, and Insurance against Labor Income Risk," and "Globalization and Bubbly Government Debt," respectively. Participating scholars, including Professor Xu Zhiwei of Fudan University, Professor Xue Runpo of Xiamen University, Associate Professor Zhao Bo of Peking University, and Associate Professor Ning Lei of Shanghai University of Finance and Economics, provided comments and guidance, offering valuable suggestions for the growth of young scholars.
With this, the 2025 Shanghai Macroeconomics Workshop came to a successful conclusion. The workshop provided a good exchange platform for macroeconomic researchers and promoted international cooperation in China's macroeconomic research.
