SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ -- The inaugural PHBS-IER Conference, jointly organized by Peking University HSBC Business School (PHBS) and the International Economic Review (IER), held at PHBS from December 22 to 23. Centered on the theme "Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies," this two-day event brought together an impressive assembly of over 130 senior professors and emerging scholars from prestigious universities worldwide, including Princeton University, The University of Pennsylvania, Boston University, The University of Southern California, Emory University, University College London , The Chinese University of Hong Kong , Peking University, Tsinghua University, Fudan University, and Cheung Kong Graduate School of Business.
One of the most anticipated moments of the conference was the keynote address delivered by Nobel laureate Thomas Sargent. In his presentation titled "Fiscal Consequences of the US War on COVID," Professor Sargent traced the evolution of US fiscal and monetary policy from the 19th to the 21st century. He noted that such crises like the long-term impact of wars on fiscal and monetary policy, often lead to fiscal deficits, significant price volatility, and enduring institutional changes. Furthermore, he discussed the complex interactions between fiscal, monetary, and tax policies, particularly emphasizing the role of "game theory" in shaping policymaker decisions. He underscored the importance of "budget constraints," "coordination between monetary and fiscal policies," and "power distribution" in managing these challenges.
Other notable presentations covered a broad range of topics and fields within economics. These included research on the impact of multinational corporations on technology development and innovation, investigations into the reallocation and pricing of illiquid capital in financial markets, and explorations of the effects of low interest rates on inflation and debt rollover.
The conference received a total of 211 high-quality paper contributions through an open call for submissions. Among these, eight were ultimately selected for inclusion, six of which were featured in a Special Issue of the IER. Leveraging this opportunity, PHBS and IER aim to deepen their collaboration, establishing an annual exchange platform that will ignite research vitality, promote high-level economic research, and contribute valuable insights to the advancement of economics in Asia and across the globe.
https://english.phbs.pku.edu.cn/info/1021/44872.htm
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Inaugural PHBS-IER Conference Highlights Cutting-Edge Economic Research
NEW YORK , Jan. 4, 2025 /PRNewswire/ -- LILYSILK, the world's leading silk brand with a mission to inspire people to live better, more sustainable lives, announced the third anniversary of its partnership with TerraCycle. As of this November, the collaboration has recycled more than 2,385 pieces, totaling 1,404.5 pounds of textiles. LILYSILK invites customers to join a renewed no-waste recycling initiative to celebrate this milestone, offering loyalty points, discounts, and limited-time rewards.
"Celebrating three years of partnership with LILYSILK is a testament to what can be achieved when like-minded organizations work together toward a shared vision," said Tom Szaky, TerraCycle Founder and CEO. "Through the Program, we've empowered consumers to responsibly collect and recycle textiles at the end of their useful life ."
The recycling process is simple: register at TerraCycle.com, pack your LILYSILK textiles, and send them to TerraCycle using a prepaid shipping label. The textiles are then cleaned, sorted, and recycled into raw materials for products like mattress fillers, pet bedding, and sporting equipment. This free program helps reduce waste and keeps valuable materials out of landfills.
Participants have praised its ease and impact. Longtime customer Denise Stovall shared, "I was more than willing and overjoyed to participate in the LILYSILK recycling program. That is a victory in sustainability , something every human has to consider as we all collectively move forward in taking better care of our precious EARTH."
"I participated in the LILYSILK recycling program because I strongly believe in sustainable fashion," said another customer, Aida G: "Reusing (these fabrics) gave me a sense of responsibility and pride. It was enlightening to contribute to a cycle that values resourcefulness and ecological care."
New Rewards and Special Promotions
Each recycling shipment earns customers 100 LILYSILK points and a 12% discount on their next order. Participants also earn TerraCycle Recycling Rewards points, redeemable as charitable donations, allowing them to support causes that matter while advancing sustainability. From January 1 to March 31, 2025, participants who recycle their non-donatable LILYSILK products will receive a complimentary Re-LILYSILK Pillowcase with their next order.
"Our three-year partnership with TerraCycle® has been a valuable step toward a more sustainable future," said David Wang, CEO of LILYSILK. "We are grateful for our customers' continued support and look forward to welcoming more participants to our recycling initiatives. Together, every effort brings us closer to a brighter, greener future."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LILYSILK Marks Third Anniversary of its Partnership with TerraCycle®, Expands Rewards for Eco-Minded Shoppers
