NYU Stern

Full-Time Faculty

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Stijn Van Nieuwerburgh, Director of the Center for Real Estate Finance Research, Associate Professor of Finance, Yamaichi Faculty Fellow, Faculty Research Associate CEPR and NBER.

Focuses on the role of housing in the macro-economy and its relationship to other asset markets, mortgage choice, regional housing prices in spatial models, housing finance reform, the role of foreign capital inflows for US house prices and consumer welfare, and the role of housing in retirement.

Stijn's Research Agenda on Housing and the Macroeconomy
October 2011    Stijn's Lecture on Frontiers in Real Estate Research

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Edward Glickman, Executive Director of the Center for Real Estate Finance Research, Clinical Professor of Finance

Teaches courses in Real Estate Finance and specializes in Housing/Real Estate, Corporate Finance and Homeland Security. Professor Glickman has more than 20 years of experience in the real estate and financial services industry having been previously employed by the Pennsylvania REIT, The Rubin Organization, Presidential Realty Corporation, Sherson Lehman Brothers and Smith Barney. Professor Glickman is a member of the Real Estate Roundtable, a Fellow of the Royal Institute of Chartered Surveyors, a Certified Treasury Professional and a Registered Securities Principal.

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Viral Acharya, C.V. Starr Professor of Economics

Researches the regulation of banks and financial institutions, corporate finance, credit risk and valuation of corporate debt, and asset pricing with a focus on the effects of liquidity risk.

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Jeanne Calderon, Clinical Associate Professor of Business Law

Teaches courses in business law, including real estate law, and business ethics. Professor Calderon has published articles on such topics as mezzanine financing, land banking and land use. 

ANDREW CAP
Andrew Caplin, Professor of Economics at NYU’s Faculty of Arts and Sciences, NBER

Researches real estate finance and policy, including new contract design in the mortgage space (home equity, shared appreciation mortgages), and on models of mortgage valuation and default. Recent research focuses on the Federal Housing Administration and its accounting rules.

HARRY CHER
Harry G. Chernoff, Clinical Professor of Information, Operations and Management Sciences; President of HMS properties, a NY-based real estate investment and development firm, as well as owner of properties in NYC, Las Vegas and Panama City.

Teaches Operations in Real Estate Development. Author of several cases related to real estate.

Xavier Gabaix
Xavier Gabaix, Martin J. Gruber Professor of Finance, Faculty Research Associate CEPR and NBER.

Researches spatial models of the city-size distribution and house prices, works on consumer choice under bounded rationality, and mortgage-backed securities.

Aurel Hizmo
Aurel Hizmo, Assistant Professor of Finance.

Works on spatial economics, the role of housing in portfolio choice, and regional housing prices.

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Theresa Kuchler, Assistant Professor

A new member in 2013, Theresa’s research interests lie in how consumers and firms make decisions in financial and related matters, incorporating insights from behavioral economics. Her previous research included consumer’s credit card debt paydown behavior, as well as households’ joint decision to enter into foreclosure and declare bankruptcy.

Matthew Richardson
Matthew Richardson, Charles E. Simon Professor of Finance, Research Associate NBER, Sidney Homer Director of the Salomon Center for the Study of Financial Institutions.

Works on mortgage securitization, housing finance reform, the financial crisis and banking reform, asset management, and fixed income securities.

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Johannes Stroebel, Assistant Professor of Finance

Stroebel conducts research in Finance, Macroeconomics and Real Estate Economics. His recent research focuses on the residential housing market and consumer credit markets, in particular on understanding the role of asymmetric information in determining market outcomes. He has also analyzed the impact of government interventions in the housing market through the fiscal code, and has evaluated government responses to the recent financial and housing crisis.

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Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics, Vice Dean of Faculty

Works on international trade policy, international banking, environmental economics, and economics of multinational corporate operations.

Lawrence White
Lawrence White, Arthur E. Imperatore Professor of Economics, Board Member of the Federal Home Loan Bank Board and Freddie Mac (1986-89).

Works on housing policy and financial regulation, taxation of owner-occupied housing, urban economics, industrial organization and anti-trust, and credit ratings agencies.

2012-2013 Visiting Scholar at the CREFR

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James Vickery is a Senior Economist in the Research and Statistics Group of the Federal Reserve Bank of New York, where he has worked since 2004. Mr. Vickery's research and policy work focuses on topics relating to banking, mortgage finance and securitization. His most recent research includes papers on the organizational structure of bank holding companies, MBS credit ratings, the TBA market, mortgage finance reform, and the effect of securitization on mortgage supply and mortgage choice. A separate line of research studies financial innovation and insurance in emerging market economies. Mr. Vickery is also an Adjunct Assistant Professor and Visiting Scholar at NYU Stern School of Business, where he teaches a course on Real Estate Capital Markets. Mr. Vickery completed a PhD in Economics from MIT in 2004. Prior to graduate school he was an economist at the Reserve Bank of Australia.