On May 25, 2024, the 5th Macroeconomic Scholars Forum, co-sponsored by BNUBS and the Economic Research Journal of the Institute of Economics of the Chinese Academy of Social Sciences, was held at Beijing Normal University with the theme of "Macro Policies to Support High-quality Development".Chen Xing, Vice President of Beijing Normal University; Huang Qunhui, Director of the Institute of Economics, Chinese Academy of Social Sciences and Editor-in-Chief of Economic Research; Liu Quanhong, Director of the Institute of Industrial and Technological Economics, Chinese Academy of Macroeconomics; Chen Yanbin, Vice President of Capital University of Economics and Business; Qi Yingfei, Vice President of Dongbei University of Finance and Economics and and nearly 50 experts from more than 20 well-known universities, includingTsinghua University, Peking University, Renmin University of China, Wuhan University, Nanjing University, Zhejiang University, Nankai University, Shanghai Jiao Tong University, Sun Yat-sen University, Xiamen University, Shandong University, Chongqing University, Hunan University, Northwest University, Shanghai University of Finance and Economics, Central University of Finance and Economics, Zhongnan University of Economics and Law, Southwest University of Finance and Economics , attended the forum.Qi Yudong, Dean of BNUBS presided over the opening ceremony.

Vice President Chen Xing first of all, on behalf of Beijing Normal University, extended warm welcome and thanks to the representatives from the editorial Department of Economic Research and the governing units of the Macroeconomic Scholars Forum as well as experts and scholars, and introduced the discipline construction and development history of economics at Beijing Normal University. Vice President Chen Xing pointed out that the Party's twenty-tenth report pointed out that high-quality development is the primary task of building a socialist country in an all-round way, and the current and future period is a key period for China to comprehensively promote the construction of a strong country and the great cause of national rejuvenation, at a new and higher starting point, the fifth macroeconomic Scholars Forum was held at the right time. He hoped the participating scholars would express their views freely, discuss the new challenges and opportunities facing China's macro economy, and make suggestions for improving the effectiveness of macro policies to support high-quality development.

Vice President Chen Xing delivered a speech

On behalf of the Economic Research Magazine, Mr. Huang Qunhui expressed his gratitude to BNUBS for the hard work in organizing the forum and the participation of experts and scholars. Director Huang Qunhui said that at present, China's economy has shifted from the stage of high-speed growth to the stage of high-quality development, and macroeconomic research should focus on how to promote the high-quality development of China's economy. It is necessary to conduct in-depth research on how to build an independent knowledge system of Chinese macroeconomics, focusing on the main line of new quality productivity, which is an important direction of future Chinese macroeconomic research, and also a major topic for macroeconomic scholars to further study and explain the Xi Jinping Economy Thought.

Director Huang Qunhui delivered a keynote speech

The keynote speech was hosted by Cai Hongbo, Director of the Department of Finance and Economics of Beijing Normal University and professor of BNUBS

With the title "Improving Total Factor Productivity with New Quality Productivity", Director Huang Qunhui made in-depth and systematic explanations on the connotation of new quality productivity, the generation of new quality productivity, the path of developing new quality productivity, and the specific path of promoting total factor productivity growth with the development of new quality productivity.With the title of "Cultivating New Quality Productivity in Traditional Manufacturing Industry: Cognitive Biases, Feasible Paths and Countermeasures", Director Liu Quanhong elaborated on issues such as breaking the cognitive biases of traditional manufacturing industry, feasible paths and relevant countermeasures for cultivating new quality productivity in traditional manufacturing industry from the perspective of how to develop new quality productivity in traditional industries.

Vice President Chen Yanbin, with the title of "Responding to the Needs of the Current Economic Situation: New Quality Productivity + Consistency of Macro Policy Orientation", pointed out that to vigorously develop new quality productivity, we should make good use of growth policies and structural policies, so that the new quality productivity and its positive interaction, through the integration of three macro policies, to find the best short-term and long-term policy combination. With the topic "Global Industry Chain Dependence: Measurement and Facts", Vice President Qi Yingfei constructed an index of global industry chain dependence from the perspective that high-quality economic development needs to make good use of two markets and two resources, to measure the sensitivity of China's economy to external shocks in the global production network, and used the world input-output data to depict the characteristic facts of global industry chain dependence.Nie Jun, Dean of the School of Economics and Management of Wuhan University, with the title of "Dynamic Analysis of Production and Inventory under Fuzzy Avoidance Preference", showed how to consider the ambiguity aversion preference of enterprises in the classic inventory management model, so as to establish a dynamic inventory management model with model uncertainty. Through the quantitative analysis of the operating mechanism of the model, the principle that the model can better explain the macro data is explained. Qi Yudong, Dean of BNUBS, wrote a book titled "Artificial Intelligence: From the Technological Singularity to the Economic Singularity”, pointing out that the current is a period of concentrated outbreak of digital technology achievements led by artificial intelligence, China should make good use of market advantages such as super-scale "digital population", massive data, rich application scenarios and governance system advantages such as the national innovation system, win the key core technology battle, establish a self-reliant innovation system, and usher in the "economic singularity".

Director Liu Quanhong delivered a keynote speech

Vice President Chen Yanbin delivered a keynote speech

Vice President Qi Yingfei delivered a keynote speech

President Nie Jun delivered a keynote speech

President Qi Yudong presided over the opening ceremony and delivered a keynote speech

Director Cai Hongbo presided over the keynote speech

In the afternoon, the parallel forum was divided into seven topics: economic growth, monetary policy, fiscal policy, macro labor, macro policy and micro decision making, international trade and open macro, digital economy and development. The experts and scholars participated in the forum had in-depth discussions and exchanges on their high-level research.

Parallel forums and closing ceremony

This forum has provided a good exchange platform for experts and scholars in macroeconomy-related fields and promoted academic research in the field of macroeconomics. The emergence of a series of achievements will further contribute to the high-quality development of China's economy and promote the modernization of China.

Note: Macroeconomists Forum, was jointly initiated in November 2018 by School of Economics of Peking University, School of Economics and Business Administration of Beijing Normal University, School of Economics of Fudan University, School of Economics and Trade of Hunan University, Economic Research Magazine, School of Economics of Nanjing University, School of Economics of Nankai University, School of Economics and Management of Tsinghua University, School of Economics and Management of Wuhan University, School of Economics and Management of Northwest University, School of Economics and Management of Xiamen University, and Zhejiang University School of Economics, School of Economics of Renmin University of China, Wenlan School of Zhongnan University of Economics and Law, Lingnan College of Sun Yat-sen University, School of Economics of Central University of Finance and Economics (the above units are listed in alphabetical order of name) . The platform, which is held annually by the sponsor in turn, aims to promote macroeconomics research, promote exchanges among Chinese macroeconomists, discover and enhance the original excellent results in the field of macroeconomics research in China, and create a high-end platform for the interaction of authors, commentators and editors. In promoting the Chinese-style modernization, the Forum of Macroeconomists will work with colleagues in the field of macroeconomics across the country to make new contributions to accelerating the construction of China's independent macroeconomics knowledge system, and is committed to providing rigorous and applicable theoretical support and feasible and effective policy references for the comprehensive promotion of Chinese-style modernization.

Contributed by Department of Economics

Edited by Sun Yue

Reviewed by Qi Yudong