HULM Academic Conference 2014

Stern Center for Real Estate Finance Research and University of Wisconsin-Madison
invite you to the 11th Housing-Urban-Labor-Macro (HULM) Conference

February 28th and March 1st at the Stern Center for Real Estate Finance Research
Kaufman Management Center, 44 West Fourth Street, New York, NY 10012

Sessions in room M3-120, Breakfast and Lunch in room L101

Conference Agenda:

Friday, February 28th

8:00am – 9:00am, Registration and Continental Breakfast

8:55am – 9:00am, Opening Remarks

9:00am – 10:00am, Johannes Stroebel, NYU
Very Long-Run Discount Rates (with Stefano Giglio and Matteo Maggiori)
Discussion by Tomasz Piskorski

10:00am – 11:00am, Kaiji Chen, Emory
The Great Housing Boom of China: Causes, Consequences, and Future Paths (with Yi Wen)
Discussion by Satyajit Chatterjee

11:00am – 12:00pm, Daniele Cohen-Pirani, Pittsburgh
Human Capital Accumulation in a Federation
Discussion by David Albouy

12:00pm – 1:00pm, Lunch

1:00pm – 2:00pm, Mikhail Dmitriev, Boston College
The Financial Accelerator and the Optimal Lending Contract (with Jonathan Hoddenbagh)
Discussion by Thomas Philippon

2:00pm – 3:00pm, Wenli Li, Philadelphia Fed
Recourse and Mortgage Default: the Case of Nevada (with Florian Oswald)
Discussion by Kristle Romero Cortés

3:00pm – 3:30pm, Break

3:30pm – 4:30pm, Nicolas Petrosky-Nadeau, Carnegie Mellon
Unemployment, Financial Frictions, and the Housing Market (with Guillaume Rocheteau)
Discussion by Allen Head

4:30pm – 5:30pm, Anthony DeFusco, Penn
Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit (with Andrew Paciorek)
Discussion by Stephen Hammond Shore

7:00pm, Dinner, location TBD
Sponsored by the James A. Graaskamp Center for Real Estate

Saturday, March 1st

8:00am – 8:30am, Continental Breakfast

8:30am – 9:30am, Chamna Yoon, CUNY
The Decline of the Rust Belt: A Dynamic Spatial Analysis
Discussion by Gilles Duranton

9:30am – 10:30am, Bulent Guler, Indiana
Joint Dynamics of House Prices and Foreclosures (with Yavuz Arslan and Temel Taskin)
Discussion by Jonathan Halket

10:30am – 11:00am, Break

11:00am – 12:00pm, Eric Hembre, Wisconsin
HAMP and the Dynamic Default Decision
Discussion by Andrew Paciorek

12:00pm, Depart

Program committee:

Morris Davis (UMW), Aurel Hizmo (NYU), Erwan Quinten (UMW), and Stijn Van Nieuwerburgh (NYU)
Sponsorship is gratefully acknowledged from