Nobel Laureate Edward Prescott Hired as IMI Academic Committee Director, RUC Vice President WU Xiaoqiu delivers keynote speech
(2017-12-21 08:12:52)

On December 17, RUC School of Finance, RUC International Monetary Institute (IMI), and Global Financial Technology Laboratory (GFL) and Director of IMI Academic Committee held an Appointment Ceremony at RUC.

RUC VP WU Xiaoqiu and 2004 winner of the Nobel Prize in Economics and Arizona State University professor Edward Prescott attended the salon and delivered keynote speeches on Global and China Economy. ZHUANG Yimin, dean of the School of Finance and Economics of Renmin University were in attendance. WEI Benhua, former deputy director of the State Administration of Foreign Exchange, LIU Jun, deputy general manager of China Investment Co., Ltd. and LIU Qingsong, former director of Henan Regulatory Commission of the China Securities Regulatory Commission, and MEI Xin, director of the World Financial Science and Technology Laboratory, and director of IMI ZHANG Jie and deputy director SONG Song, SONG Ke, Assistant Director QIANG Qiang and other experts and scholars from the financial administration, research institutes and financial industry attended the conference and participated in the seminar. The Seminar was co-chaired by IMI and CAO Tong, chairman of Xiamen International Financial Technology Co., Ltd.

Wu Xiaoqiu awards a letter of appointment to Edward Prescott

Edward Prescott taught undergraduate students at Swarthmore University in 1962. In 1963, he received a master’s degree in operations research from Case Western Reserve University in 1963 and a doctorate in economics from Carnegie-Mellon University in 1967. In 1980, he was appointed senior adviser to the Federal Reserve Bank of Minneapolis. In addition, he is also a member of the Brookings Institution, Guggenheim Foundation, a member of the World Econometrics Society and a fellow of the American Academy of Arts and Sciences; a Nobel Prize in Economics in 2004; and a member of the National Academy of Sciences in 2008. He has served as the editor-in-chief of several journals, including as editor-in-chief of the International Economic Review from 1980-1990. His books cover a wide range of topics in the business cycle, economic development, general equilibrium theory and finance.

The Macro-Finance Salon is a high-level academic salon set up jointly by the Monetary Institute of International Monetary Fund of Renmin University of China and the Monetary and Financial Institute of the IMF. It is divided into four categories: “policy experts”, “academic masters”, “industry elites” and “young scholars” series. Based on Chinese practice and keeping up with the international developments, the Salon is devoted to promoting the development of “big finance” in the new era and deepening the research on the theory, policy and strategy of “big finance” to build a platform for academic exchange of high level, specialization and openness. The concept of “big finance”, which is theoretically originated from the combination of macro-micro-finance theory advocated by Professor HUANG Da, is conceptually originated from the systemic thinking of the financial and real economy as an indivisible organic whole. CHEN Yulu, vice president of the People’s Bank of China, systematically demonstrated the basic connotation and methodology of the proposition of “big finance” in the “Outline for Macro- Finance”. In order to comprehensively build a “macro-finance” that is conducive to promoting long-term economic growth and enhancing national competitiveness, system frameworks have to have theoretical and empirical basis.

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