On April 25th, the first phase of “Quantitative Economic Academic Forum” organized by Center for Quantitativ-e Economics of Jilin University was successfully held in the A604 conference room of Dongrong Building. Zhang Yishan, a senior professor of philosophy and social sciences at Jilin University, and his doctoral student    Meng Xianchun gave a wonderful report on the theme of “Financial Friction, Housing Price Fluctuation and     Macroec-onomic Policy Regulation: The Construction and Application of NK-DSGE Extended Model”. This forum was hosted by Professor Deng Chuang, Deputy Director of our Center.