NYU Stern Center for Real Estate Finance Research

University of Wisconsin-Madison

11th Housing-Urban-Labor-Macro (HULM) Conference

February 28 - March 1, 2014
NYU Stern School of Business
New York City

NYU Stern School of Business
Kaufman Management Center
44 West 4th Street (corner of Greene Street)
New York, NY 10012

Conference Agenda

Friday, February 28th
8:00 - 9:00Registration and Continental Breakfast
8:55 - 9:00Opening Remarks
9:00 - 10:00Johannes Stroebel, NYU Stern
"Very Long-Run Discount Rates" (with Stefano Giglio and Matteo Maggiori)
Discussion by Tomasz Piskorski, Columbia University
10:00 - 11:00Kaiji Chen, Emory University
"The Great Housing Boom of China: Causes, Consequences, and Future Paths" (with Yi Wen)
Discussion by Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
11:00 - 12:00Daniele Cohen-Pirani, University of Pittsburgh
"Human Capital Accumulation in a Federation"
Discussion by David Albouy,University of Michigan
12:00 - 1:00Lunch
1:00 - 2:00Mikhail Dmitriev, Boston College
"The Financial Accelerator and the Optimal Lending Contract" (with Jonathan Hoddenbagh)
Discussion by Thomas Philippon, NYU Stern
2:00 - 3:00Wenli Li, Federal Reserve Bank of Philadelphia
"Recourse and Mortgage Default: the Case of Nevada" (with Florian Oswald)
Discussion by Kristle Romero Cortés, Federal Reserve Bank of Cleveland
3:00 - 3:30Break
3:30 - 4:30Nicolas Petrosky-Nadeau, Carnegie Mellon University
"Unemployment, Financial Frictions, and the Housing Market" (with Guillaume Rocheteau)
Discussion by Allen Head, Queens College
4:30 - 5:30Anthony DeFusco, University of Pennsylvania
The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit (with Andrew Paciorek)
Discussion by Stephen Hammond Shore
7:00Dinner (location TBA)

Saturday, March 1st
8:00 - 8:30Continental Breakfast
8:30 - 9:30Chamna Yoon, CUNY
"The Decline of the Rust Belt: A Dynamic Spatial Analysis"
Discussion by Gilles Duranton, University of Pennsylvania
9:30 - 10:30Bulent Guler, Indiana University
"Joint Dynamics of House Prices and Foreclosures" (with Yavuz Arslan and Temel Taskin)
Discussion by Jonathan Halket, University of Essex
10:30 - 11:00Break
11:00 - 12:00Eric Hembre, Wisconsin University
"HAMP and the Dynamic Default Decision"
Discussion by Andrew Paciorek, Board of Governors of the Federal Reserve System

Program committee:
Morris Davis (UMW), Aurel Hizmo (NYU), Erwan Quinten (UMW), and Stijn Van Nieuwerburgh (NYU)

Sponsorship is gratefully acknowledged from