Insights from the PHBS-IER Conference on Economic Development

Inaugural PHBS-IER Conference Unveils Key Economic Research

The inaugural PHBS-IER Conference, collaboratively organized by Peking University HSBC Business School and the International Economic Review, was held at the prestigious PHBS campus. This significant event focused on the theme 'Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies.' More than 130 distinguished professors and emerging scholars from leading universities worldwide gathered to share their knowledge and insights.

Engagement and Collaboration in Economic Studies

As one of the most anticipated events on the academic calendar, the conference provided a platform for esteemed institutions such as Princeton University, the University of Pennsylvania, and many others to showcase their research. The discussions spanned various pressing issues in economics, placing importance on the collaboration between renowned researchers and policymakers.

Keynote Address by Nobel Laureate Thomas Sargent

A highlight of the conference was the keynote address by Nobel laureate Thomas Sargent. His presentation, titled 'Fiscal Consequences of the US War on COVID,' delved into historical and contemporary fiscal and monetary policies. Sargent's analysis underscored the long-term effects of crises on financial systems, highlighting critical themes like fiscal deficits, price volatility, and the intricate relationship between different policy tools.

Broad Spectrum of Economic Research Topics

Throughout the two-day event, various presentations ranged across topics in the economic landscape. Scholars explored the impact of multinational corporations on innovation, analyzed the dynamics of illiquid capital pricing, and examined how low interest rates influence inflation and debt sustainability. Each presentation contributed a unique perspective, enriching the discourse among participants.

Promoting Future Research through Collaboration

The conference saw an impressive total of 211 high-quality papers submitted through an open call for contributions. Eight papers were selected for presentation, with six being featured in a Special Issue of the International Economic Review. This initiative illustrates the universities' commitment to fostering an annual platform for research exchange, enhancing economic inquiry in Asia and worldwide.

Deepening Partnerships in Economic Development

PHBS and the International Economic Review are committed to strengthening their collaborative efforts. By establishing an annual conference, they aim to invigorate economic research while contributing significant insights to the global economic discourse. The depth of engagement among participants at the conference reflects a shared dedication to advancing our understanding of complex economic challenges.

Frequently Asked Questions

What was the main theme of the PHBS-IER Conference?

The main theme was 'Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies.'

Who delivered the keynote address?

Nobel laureate Thomas Sargent delivered the keynote address at the conference.

How many papers were submitted to the conference?

A total of 211 high-quality papers were submitted during the open call for contributions.

What is the purpose of the annual conference?

The annual conference aims to promote collaboration, ignite research vitality, and enhance economic research.

Which universities participated in the conference?

Prestigious universities, including Princeton, UPenn, and Boston University, participated, contributing to the rich academic environment.

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