讲座信息
【Speaker】JuanPablo Atal, University of Pennsylvania, AssistantProfessor
【Topic】QualityRegulation and Competition: Evidence from Pharmaceutical Markets
【Time】Wednesday, Oct, 27 20:00-21:30
【Location】Zoom ID: 977 1663 4507
Password: 320565
【Language】English
【Host】Department of Economics, School ofEconomics and Management, Tsinghua University
【主讲】Juan Pablo Atal, 宾夕法尼亚大学, 助理教授
【主题】质量监管与竞争：来自医药市场的证据
【时间】2021年10月27日 20:00-21:30
【地点】Zoom 会议号：977 1663 4507
密码：320565
【语言】英语
【主办】清华大学经管学院经济系
【Speaker】Zehao Li, CUHK shenzhen, Assistant Professor
【Topic】An Impossible Unity? The Effects of International Monetary Policy on Chinese Treasury Yields
【Time】Thursday, Oct.31 14:00-15:30
【Location】Lihua Building B631
【Language】English
【Host】Tsinghua China Data Center, Department of Economics, School of Economics and Management, Tsinghua University
【主讲】李泽昊，香港中文大学（深圳），助理教授
【主题】一个无解的难题？国际货币政策对中国国债收益率的影响
【时间】2024年10月31日 14:00-15:30
【地点】李华楼B631
【语言】英语
【主办】清华大学中国经济社会数据研究中心、清华大学经管学院经济系
This paper investigates the cumulative effects of foreign monetary policy announcements on Chinese Treasury yields and underscores the uniqueness of monetary policy relative to other shocks. Despite the limited openness of China's capital account, its interest rates are significantly and persistently affected by foreign monetary policy announcements. Notably, long-term Chinese yields closely track the announcement country's yields during foreign monetary policy announcement windows but not on other days. These dynamics are primarily driven by term premia. Furthermore, a simple stock trading strategy based on FOMC announcement windows earns twice as much annual return as the market index.
Zehao Li received his Ph.D. in economics from the University of Wisconsin-Madison before joining CUHK Shenzhen in 2020. He is interested in macroeconomics, focusing on business cycle theory, financial frictions, and monetary policy.
李泽昊于2020年获得威斯康辛麦迪逊大学经济学博士学位，并于同年加入香港中文大学（深圳）经管学院。他的研究主要集中于宏观经济学中的经济周期、金融摩擦、货币政策等方面。他的研究成果发表在European Economic Review和《北大金融评论》等国内外重要期刊。
