Zheng Michael Song
Chong-En Bai is Mansfield Freeman Chair Professor, Dean of the School of Economics and Management of Tsinghua University. He is also the Director of the National Institute for Fiscal Studies of Tsinghua University. He earned his Ph.D. degrees in Mathematics and Economics from UCSD and Harvard University, respectively. His research areas include Institutional Economics, Economic Growth and Development, Public Economics, Finance, Corporate Governance and Chinese Economy.
Research on the impact of institutional environment on the development of the service sector won the Inaugural Pu Shan-Bank of China best paper award given by China Society of World Economics in 2008. Research on the return to investment won the Sun Yefang Best Economics Paper Award in 2009. Study on the model of national income distribution and its reform was funded by the National Planning Office of Philosophy and Social Sciences Major Grant. Research on the national income distribution won the Zhang Pei-Gang Award for Outstanding Achievements in Development Economics in 2012. Study on the challenges to and the measures for the development of the service sector in China won the second Prize for Excellent Research in Humanities and Social Sciences in the Category of Research Report in Economics, awarded by the Ministry of Education of China. Study on the relation between health insurance and consumption won the second Prize for Excellent Research in Humanities and Social Sciences in the Category of Research Paper, awarded by the Ministry of Education of China. Research on explaining China’s economic slowdown in the wake of the global financial crisis from the perspective of productivity won the Sun Yefang Best Economics Paper Award in 2016.
Professor Bai is a member of the executive committee of International Economic Association, and of the Scientific Council of the Barcelona Graduate School of Economics. He currently serves on the editorial board of a few top economic journals in China. He also served on the editorial board of Journal of Comparative Economics from 2004 to 2006 and of The World Bank Economic Review from 2006 to 2008 as well as from 2011 to 2013.
Professor Bai is a member of the National Committee of the Chinese People’s Political Consultative Conference, the “14th Five-Year Plan” National Development Planning Expert Committee, the Chinese Economists 50 Forum, the China Finance 40 Forum, and Chinainfo 100. He was a member of the monetary policy committee of the People’s Bank of China from 2015 to 2018. He served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. from August 2011 to December 2012. He was a non-resident Senior Fellow of the Brookings Institution from 2006 to 2007.
Chang-Tai Hsieh conducts research on growth and development. Hsieh has published several papers in top economic journals, including “The Life-Cycle of Plants in India and Mexico,” in the Quarterly Journal of Economics; “Misallocation and Manufacturing TFP in China and India,” in the Quarterly Journal of Economics; “Relative Prices and Relative Prosperity,” in the American Economic Review; “Can Free Entry be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry,” in the Journal of Political Economy; and “What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets,” in the American Economic Review.
Professor Hsieh has been a visiting scholar at the Federal Reserve Banks of San Francisco, New York, and Minneapolis, as well as the World Bank’s Development Economics Group and the Economic Planning Agency in Japan. He is a Research Associate for the National Bureau of Economic Research, a Senior Fellow at the Bureau for Research in Economic Analysis of Development, and a member of the Steering Group of the International Growth Center in London.
He is the recipient of an Alfred P. Sloan Foundation Research Fellowship, an Elected Member of Academia Sinica, and the recipient of the Sun Ye-Fang award for research on the Chinese economy.
Zheng Michael Song is a Professor at the Department of Economics of the Chinese University of Hong Kong (CUHK) and a Distinguished Visiting Professor at Tsinghua University. Before joining CUHK, he was an Associate Professor of Economics at Chicago Booth. Professor Song is a co-editor of China Economic Review and an associate editor of Journal of European Economic Association. He is an academic committee member of China’s National Economics Foundation and an executive board member of the Association for Comparative Economic Studies. His research focuses on Chinese economy and macroeconomics. His papers appear on leading academic journals including American Economic Review and Econometrica. In 2013, he won Sunyefang Economic Science Award.