Joined Stern 2003
Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-54
New York, NY 10012
Stijn Van Nieuwerburgh is the David S. Loeb Professor of Finance and the Director of the Center for Real Estate Finance Research at New York University Leonard N. Stern School of Business, which he joined in 2003. Professor Van Nieuwerburgh’s research lies in the intersection of housing, asset pricing, and macroeconomics. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds. In this area, he has also worked on regional housing prices and on household's mortgage choice. He currently studies real estate price formation, and the impact of foreign buyers on he market.
Professor Van Nieuwerburgh has published articles in the Journal of Political Economy, American Economic Review, Econometrica, Review of Economic Studies, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and the Journal of Monetary Economics, among other journals. He is Editor at the Review of Financial Studies. He is a Faculty Research Associate at the National Bureau of Economic Research and at the Center for European Policy Research.
He has served as an advisor to the Norwegian Minsiter of Finance, and has been a visiting scholar at to the Central Bank of Belgium, the New York and Minneapolis Federal Reserve Banks, the Swedish House of Finance, the International Center for Housing Risk, and has contributed to the World Economic Forum project on real estate price dynamics.
Professor Van Nieuwerburgh earned his Ph.D. in Economics and Masters in Financial Mathematics at Stanford University and his Bachelor's degree in economics at the University of Ghent in Belgium.
Ph.D., Economics, 2003
M.Sc., Financial Mathematics, 2001
M.A., Economics, 2001
B.A., Economics, 1998
University of Gent, Belgium
|One of 40 best business school professors under age 40||2011|
|Review of Financial Studies||Distinguished Referee Award||2010|
|Professor of the Year award by MBA students||Nominated||2010|
|NYU Stern Teaching Excellence Award||Winner||2010|
|Utah Winter Finance Conference||Best paper prize||2009|
|Q-group Research Award||2008|
|UCLA Zinman Research Center for Real Estate Grant||2007|
|Glucksman Institute Research Prize||Best Paper||2006|
B. Kelly, H. Lustig, and S. van Nieuwerburgh (2011)
Too-Systemic-To-Fail: What Option Markets Imply about Sector-wide Government Guarantees
J. Ameriks, A. Caplin, S. Laufer, and S. Van Nieuwerburgh (2011)
The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives
Journal of Finance, vol. 66 (2), April 2011
J. Favilukis, S. Ludvigson, and S. Van Nieuwerburgh (2010)
Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium
S. Van Nieuwerburgh and P.-O. Weill (2010)
Why Has House Price Dispersion Gone Up?
Review of Economic Studies, vol. 77(4), October 2010, pp.1567-1606
R. Koijen, H. Lustig, S. Van Nieuwerburgh, and A. Verdelhan (2010)
Long-Run Risk, the Wealth-Consumption Ratio, and the Temporal Pricing of Risk
American Economic Review Papers & Proceedings, vol. 100(2), May 2010, pp. 552-556
H. Lustig and S. Van Nieuwerburgh (2010)
How Much Does Household Collateral Constrain Regional Risk Sharing?
Review of Economic Dynamics, vol. 13(2), April 2010, pp. 265-294
S. Van Nieuwerburgh and L. Veldkamp (2010)
Information Acquisition and Under-Diversification
Review of Economic Studies, vol. 77(2), April 2010, pp. 779-805
R. Koijen, O. van Hemert, and S. Van Nieuwerburgh (2009)
Journal of Financial Economics, August 2009, vol. 93 (2), pp. 292-324
S. Van Nieuwerburgh and L. Veldkamp (2009)
Information Immobility and the Home Bias Puzzle
Journal of Finance, vol. 64(3), June 2009, pp. 1187-1215
H. Lustig, C. Syverson, and S. Van Nieuwerburgh
Technological Change and the Growing Inequality in Managerial Compensation
Forthcoming at the Journal of Financial Economics