Lecture Topic: The Mechanism of Long Period in Industrial Structure Evolvement

Keynote Speaker: CHEN Kunting, Dean of School of Economics and Chief Professor, Yunnan University of Finance and Economics

Lecture Host: FANG Hongsheng, Deputy Dean of School of Economics and Professor, Zhejiang University

Time: 14:00-15:30, Friday, March 31^st

Place: Room 530, School of Economics, Zijingang Campus, Zhejiang University

Organizer: School of Economics, Zhejiang University

Co-Organizer: Academy of Financial Research, Zhejiang University

About the Speaker:

CHEN Kunting is the Dean of School of Economics and Chief Professor of Yunnan University of Finance and Economics, Chang Jiang Scholar of China’s Ministry of Education, and a member of the Sixth Standing Committee of Yunnan Federation of Social Sciences. His recent academic contributions include:

1)      Innovative and leading studies on the long-term endogenous sustainable economic growth theory, which emphasize the sufficient and necessary conditions for realizing sustainable development of the economic modernization system in the post-industrialization stage and the theoretical basis of the feasibility of Chinese path to modernization;

2)      The proposal of “Finite Demand Theory”, which discusses the theoretical mechanism of the “Insufficient Effective Demand” first put forward by Keynes, and gives a unique explanation of the current global stagflation and the trend of “the Great Moderation”;

3)      Innovative and leading studies on the theory and application of Financial Business Cycle (FBC). It is the main method of applying the FBC theory after the subprime mortgage crisis in the United States to embed the financial intermediary sectors into the DSGE framework, which is groundbreaking to study the financial and economic cycle law of China’s economy. The theoretical issues such as the credit constraint mechanism, prevention and control of systematic ricks, cyclical and growth effects of different monetary policy tools are systematically discussed; the cause and mechanism of the “negative spiral” development of the economies with the US as a representative in recent years are raised and expounded, on the basis of which, the policy theory and philosophy oriented by the stability of the value system are introduced.