Joint Dinner for ABFER and AMPF
Keynote Speech by Professor Amir Sufi
Housing, Household Debt, and the Business Cycle: The Asian Edition
Major economies in Asia have seen large increases in house prices and household debt over the past decade. There is a robust historical connection between such booms and subsequent busts. Is Asia different? Should we expect an economic slowdown given the sizable increases in household debt burdens?
2023
Shangri-La Singapore, 22 Orange Grove Rd, Singapore 258350
and Professor Bernard YEUNG
Stephen Riady Distinguished Professor in Finance and Strategic Management, NUS Business School, National University of Singapore and President of ABFER
“Housing, Household Debt, and the Business Cycle: An Application to China and Korea”
Chair: Professor Bernard YEUNG
Speakers
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Mr Edward S. ROBINSON
Deputy Managing Director (Economic Policy) and Chief Economist, Monetary Authority of Singapore and Member of ABFER Council
Edward S. Robinson has been with the MAS since 1992 and has been involved in macroeconometric modeling and is responsible for heading a team engaged in the continuing developmental work for the suite of MAS models, which are used for policy analysis. He has also been involved in other areas of economic policy work including in various inter-agency work groups which looked at the structural challenges facing the Singapore economy. He served on the Board of the Singapore Competition Commission between 2005 and 2007. He studied economics and applied econometrics at Monash University and the University of Melbourne.
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Professor Bernard YEUNG
Stephen Riady Distinguished Professor in Finance and Strategic Management, NUS Business School, National University of Singapore and President of ABFER
Bernard Yeung is Stephen Riady Distinguished Professor in Finance and Strategic Management at the National University of Singapore Business School. He is also the President of the Asian Bureau of Finance and Economic Research. He was Dean of NUS Business School from June 2008 to May 2019. Before joining NUS, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. He has also served as the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.
Professor Yeung has published widely in academic journals covering topics in Finance, Economics, and Strategy; his writing also appears in top-tier media publications such as The Financial Times, Economist, and The Wall Street Journal.
He won the Public Administration Silver Medal (2018) in Singapore, Irwin Outstanding Educator Award (2013) from the Academy of Management and is an elected Fellow of the Academy of International Business.
Professor Yeung was a member of the Economic Strategies Committee in Singapore (2009), a member of the Social Science Research Council (SSRC) in Singapore (2016-2018) and a member of the Financial Research Council of the Monetary Authority of Singapore (2010 -2013).
Professor Yeung sits on the 3rd Advisory Board of the Antai College of Economics and Management at Shanghai Jiao Tong University, the Advisory Council of the Economics and Management School of Wuhan University and the Advisory Committee of the Institute of Economics, Academia Sinica. Professor Yeung also serves as an independent Non-Executive Director of the Bank of China (BOC) Aviation Limited since 2016.
Professor Yeung received his Bachelor of Arts in Economics and Mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago. -
Professor Amir SUFI
Bruce Lindsay Distinguished Service Professor of Economics and Public Policy, Booth School of Business, University of Chicago
Amir Sufi is the Bruce Lindsay Distinguished Service Professor of Economics and Public Policy at the University of Chicago Booth School of Business. He is also co-director of the Corporate Finance Program at the National Bureau of Economic Research and a Fellow of the Econometric Society. Professor Sufi was awarded the 2017 Fischer Black Prize by the AmericanFinance Association, given biennially to the top financial economics scholar under the age of 40. Professor Sufi's research focuses on finance and macroeconomics. His research on household debt and the economy forms the basis of his book co-authored with Atif Mian: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent It from Happening Again, which was published by the University of Chicago Press.
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