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BFI-China Research Conference

Organized by the Becker Friedman Institute China, the BFI-China Research Conference was held on December 2-3, 2022.

This conference assembled established economic scholars to discuss recent work on issues related to the Chinese economy and financial markets.

Topics included:

  • Political economy
  • Public finance
  • Law and economics
  • Financial market
  • Fintech

Click Here for Information on the Spring 2022 BFI-China Research Conference

Agenda

Friday, December 2, 2022

11:30 AM–12:55 PM

Lunch

University B, 2nd Floor

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
12:55 PM–1:00 PM

Welcome and Opening Remarks

Zhiguo He, University of Chicago

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
1:00 PM–2:00 PM

Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party

Patrick Francois, University of British Columbia (Co-author)

Francesco Trebbi, University of California Berkeley (Presenter)

Kairong Xiao, Columbia University (Co-author)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
2:00 PM–2:15 PM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
2:15 PM–3:15 PM

Institutional Weakness and Societal Vulnerability: Evidence from the Sichuan Earthquake

Yiming Cao, Stanford University (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
3:15 PM–3:30 PM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
3:30 PM–4:15 PM

Consumer-Financed Fiscal Stimulus: Evidence from Digital Coupons in China

Jing Ding, Harbin Institute of Technology (Co-author)

Lei Jiang, Tsinghua University (Co-author)

Lucy Msall, University of Chicago (Co-author)

Matthew J. Notowidigdo, University of Chicago (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
4:15 PM–5:00 PM

Who Benefits from the Corporate Income Tax Cut for Small Firms: Evidence from China

Xuan Wang, Peking University (Co-author)

Binzhen Wu, Tsinghua University (Presenter)

Jie Zou, Tsinghua University (Co-author)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
5:00 PM–6:00 PM

Conference Reception

City View Prefunction

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
6:00 PM

Conference Dinner

City View Room

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business

Saturday, December 3, 2022

8:00 AM–8:30 AM

Continental Breakfast

8th floor lounge          

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
8:30 AM–9:30 AM

Path Dependence and Institutional Genes: China as an Example

Chenggang Xu, Imperial College (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
9:30 AM–9:45 AM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
9:45 AM–10:45 AM

Microgiving with Digital Platforms

Xiheng Jiang, China Center for International Knowledge on Development (Co-author)

Jianwei Xing, Peking University (Co-author)

Jintao Xu, Peking University (Co-author)

Eric Zou, University of Oregon (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
10:45 AM–11:00 AM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
11:00 AM–11:45 AM

Judicial Independence, Local Protectionism, and Economic Integration: Evidence from China

Ernest Liu, Princeton University (C0-author)

Yi Lu, Tsinghua University (C0-author)

Wenwei Peng, Hong Kong University of Science and Technology (C0-author)

Shaoda Wang, University of Chicago (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
11:45 AM–1:00 PM

Lunch

1st floor dining room

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
1:00 PM–2:00 PM

State vs Market Revisited: China’s Hybrid Economy

Wei Xiong, Princeton University (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
2:00 PM–2:15 PM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
2:15 PM–3:15 PM

Quid Pro Quo, Knowledge Spillover, and Industrial Quality Upgrades

Jie Bai, Harvard Kennedy School (Co-author)

Shengmao Cao, Northwestern University (Presenter)

Panle Jia Barwick, Cornell University (Co-author)

Shanjun Li, Cornell University (Co-author)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
3:15 PM–3:30 PM

Break

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
3:30 PM–4:15 PM

Monetary Policy Transmission within Chinese Banking System

Dan Luo, University of Chicago (Presenter)

Michael Weber, University of Chicago (Co-author)

Zhishu Yang, Tsinghua University (Co-author)

Jacky Qi Zhang, Shanghai Jiao Tong University (Co-author)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
4:15 PM–5:00 PM

Local Government Financial Constraint and Spending Multiplier in China

Yang Su, University of Chicago Booth (Presenter)

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business
5:00 PM

Concluding Remarks

Chang-Tai Hsieh, University of Chicago

Zhiguo He, Fuji Bank and Heller Professor of Finance, Booth School of Business, University of Chicago; Director, BFI-China
Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, University of Chicago Booth School of Business