A reception in the lobby of Encina Hall will follow the event.

Bursting the Bubble: A Long Run Perspective

What are the long run drivers of global food prices? Given current market developments, what are the prospects for food price changes over the coming decades?

Thomas Hertel is Distinguished Professor of Agricultural Economics at Purdue University, where his research focuses on the global impacts of trade, climate and environmental policies. In 2013 he was awarded the inaugural Purdue University Research and Scholarship Distinction Award.  Professor Hertel is a former Cargill Visiting Fellow at the Center on Food Security and the Environment at Stanford.

Dr. Hertel is a Fellow, and Past-President, of the Agricultural and Applied Economics Association (AAEA). He is also the founder and Executive Director of the Global Trade Analysis Project (GTAP) which now encompasses more than 10,000 researchers in 150 countries around the world (http://www.gtap.org). This Project maintains a global economic data base and an applied general equilibrium modeling framework which are documented in the book: Global Trade Analysis: Modeling and Applications, edited by Dr. Hertel, and published by Cambridge University Press in 1997.

Professor Hertel’s most recent research has focused on the impacts of climate change and mitigation policies on global trade, land use and poverty. During the 2011-12 year he was on leave at Stanford University, where he was engaged in inter-disciplinary research on these topics.

Previously, Professor Hertel has conducted research on the impacts of multilateral trade agreements, including the linkages between global trade policies and poverty in developing countries. His book: Poverty and the WTO (co-edited with L. Alan Winters) received the AAEA Quality of Communication award. Other AAEA awards include: Distinguished Policy Contribution and Outstanding Journal Article.

If the Food Price Bubble Burst, Would It Matter?

What are the economic and political implications of a bursting of the food price bubble?

Johan Swinnen is President of the International Association of Agricultural Economists, a Fellow of the AAEA (Association of (the US) Agricultural and Applied Economists ); a Fellow of the ERAE (European Association of Agricultural Economists). He is also President of The Beeronomics Society. He holds a Ph.D from Cornell University and a Honorary Doctorate from the Slovak Agricultural University.

He is currently Visiting Professor at the Centre for Food Security and the Environment at Stanford University and (since many years) Professor of Economics and Director of the LICOS-Centre for Institutions and Economic Performance -- a Centre of Excellence -- at the KU Leuven, Belgium. He is also Senior Research Fellow at the Centre for European Policy Studies (CEPS), Brussels, where he directs the programme on EU agricultural and rural policy.

He was previously Lead Economist at the World Bank and Economic Advisor at the European Commission. He is a regular consultant for these organizations and for the OECD, FAO, the EBRD, and several Governments and was coordinator of several international research networks on food policy, institutional reforms, and economic development.

He has published widely on political economy, institutional reform, trade, global supply chains, product standards, agricultural policy and global food security. His publications have appeared in leading academic journals, such as the Journal of Economic Literature Science, and Nature.

This lecture is the first installment of FSE's Food and Nutrition Policy Symposium Series.

SCID and SCP present a special seminar with Professor Xiaonian Xu

The Chinese economy has grown so fast and for so long. But the “miracle” has started fading in recent years.  Why?  Prof. Xu argues that the reform era can be divided into two fundamentally different phases.  Phase I, from 1978 to the mid-1990s, is characterized by market-oriented reforms, whereas Phase II, from the mid-1990s onward, is dominated by government-led investment and interventions. Though China’s growth performance looks identical in numbers over the two phases, the source of growth has changed from efficiency gains to increased use of resources. Phase II growth is thus unsustainable, and worse, it has brought about structural distortions that severely undermine the economy’s growth potential. To maintain growth even at a moderate level, China needs to go beyond what the leadership has promised and planned.

Dr. Xiaonian Xu is Professor of Economics and Finance at CEIBS. He worked for China International Capital Corporation Limited (CICC) since 1999 as Managing Director and Head of Research. The research team under Dr. Xu was ranked No. 1 in 2002 among domestic brokerage firms by Chinese institutional investors. And Dr. Xu himself was voted in the same survey as the best in economics research. Prior to CICC, Dr. Xu was Senior Economist with Merrill Lynch Asia Pacific based in Hong Kong from 1997 to 1998. He worked as a consultant of the World Bank in Washington DC in 1996. Dr. Xu was appointed Assistant Professor of Amherst College, Massachusetts, from 1991 to 1995, teaching Economics and Financial Markets. He was employed by the State Development Research Center of China as a research fellow from 1981 to 1985.
 
Dr. Xu obtained Ph.D. in Economics, University of California, Davis, in 1991, and MA in Industrial Economics in 1981 from People's University of China . He received Sun Yefang Economics Prize in 1996, the highest Chinese award in the field, for his research on China 's capital markets. His research interests include: Macroeconomics, Finance, Financial Institutions and Financial Markets, Transitional Economies, and China 's Economic Reform. Dr. Xu is the recipient of the 2005 and 2006 CEIBS Teaching Excellence Award. Dr. Xu received the prestigious CEIBS Medal for Teaching Excellence in 2010.