| 主讲人简介： | Zhaogang Song is a Professor of Finance at the Carey Business School of Johns Hopkins University. Prior to joining Johns Hopkins, Song held the position of Economist at the Board of Governors of the Federal Reserve System, where he was responsible for monitoring and analyzing developments in financial markets for the Federal Open Market Committee (FOMC).
Song conducts academic research on financial markets and real estate finance, focusing on asset prices, market structure and liquidity, nonbank financial intermediaries, FinTech, monetary policy, China financial markets, and financial econometrics. He has published research articles in leading academic journals such as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Monetary Economics, Journal of Econometrics, Management Science, and China Economic Review. He has won various research awards such as the NASDAQ Best Paper Award in Market Microstructure, the Dennis J. Aigner Honorable Mention for the best paper in empirical econometrics published by the Journal of Econometrics, the Q Group Research Award, the Research Award of the Global Association of Risk Professionals, and the Research Award of the Montreal Institute of Structured Products and Derivatives.
Song also actively involves in policy issues on financial markets and investment practice of financial industry. He served as an Academic Expert for the US Commodity Futures Trading Commission (CFTC), consulted with the Dimensional Fund Advisors (DFA) on fixed-income investment, has been a visiting scholar at the Federal Reserve Bank of Philadelphia, and serves as a scholar of the Thematic Research Programme at the Hong Kong Institute for Monetary and Financial Research. He published articles in practitioners and policy outlets including the Journal of Investment Management and the Liberty Street Economics of the Federal Reserve Bank of New York. His research has been featured in Bloomberg, Fortune, Mortgage News Daily, and the reports of U.S. Securities and Exchange Commission (SEC) and U.S. Government Accountability Office.
Song holds a PhD in Economics from Cornell University, as well as a BA in Management Science and Engineering and a MA in Finance, both from Shandong University, China. |
| 讲座简介： | In this presentation, I provide an account of the connection between the U.S. Federal Reserve System and financial markets from the viewpoint of a research economist. I first present a summary of the key structure, functions, and entities of the Federal Reserve System. I then discuss the objective, strategy, and tools of the U.S. monetary policy. I finally describe the roles played by economic research and research economists in the making of monetary policies. Academic research on the interactions between the U.S. monetary policies and financial markets serves as the organizing framework throughout the presentation. |
