一、报告题目

Truths and Myths About RMB Misalignment: A Meta-Analysis

二、报告人

张贤旺教授，香港城市大学经济与金融学院

三、报告时间

2019年4月18日（周四） 下午14:00-15:30

四、报告地点

知新楼B215

五、报告人简介

张贤旺教授是国际金融领域的知名教授，就职于美国加州大学圣克鲁斯分校多年，后在香港城市大学兼职。张贤旺教授对中国经济问题尤其是人民币汇率制度改革和人民币国际化跟踪研究，有丰富的研究成果，研究成果发表在Journal of Finance，Journal of International Economics，Journal of Econometrics等顶级经济学期刊上，在领域内有较大的国际国内影响力。

六、 报告摘要

We conduct a meta-regression analysis of 69 studies that generated 937 renminbi (RMB) misalignment estimates. The Bayesian Model Averaging (BMA) approach is adopted to allow for model selection and sampling uncertainties in assessing effects of study characteristics on these RMB misalignment estimates. Misalignment estimates are found to be influenced by the eight selected study characteristic types in our median probability model. The RMB misalignment estimate from models with various hypothetical combinations of study characteristics, however, is mostly insignificantly different from zero. It is also shown that the set of significant study characteristics is sensitive to the use of the least squares estimation method and the choice of benchmark study characteristics.

七、主办单位

山东大学经济学院