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NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC. |
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SUMMER INSTITUTE 2011 |
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Economics
of Real Estate and Local Public Finance |
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Joe Gyourko,
Chris Mayer and Todd Sinai, Organizers |
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July 26 - 27, 2011 |
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Royal Sonesta
Hotel |
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Skyline Suites |
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40 Edwin H. Land Boulevard |
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Cambridge, Massachusetts |
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PROGRAM |
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Tuesday, July 26: |
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11:00 am |
Andrew Haughwout, Federal Reserve Bank of New York |
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Matthew
A. Turner, University of Toronto |
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Wilbert
van der Klaauw, Federal
Reserve Bank of New York |
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Land use regulation and welfare |
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Discussant:
Vernon Henderson, Brown University and NBER |
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12:00 n |
Lunch |
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1:00 pm |
Leah
Brooks, University of Toronto |
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Byron
Lutz, Federal Reserve Board |
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Do We Need Eminent Domain? An Empirical Investigation of Urban Land
Assembly |
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Discussant:
Edward Glaeser, Harvard University and NBER |
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2:00 pm |
Dennis Epple, Carnegie Mellon University and NBER |
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Judy Geyer,
Carnegie Mellon University |
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Holger Sieg,
University of Pennsylvania and NBER |
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Discussant:
Erzo Luttmer, Dartmouth
College and NBER |
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3:00 pm |
Break |
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3:30 pm |
Panle Jia,
Massachusetts Institute of Technology and NBER |
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Parag Pathak,
Massachusetts Institute of Technology and NBER |
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The Costs of Free Entry: An Empirical Study of Real Estate Agents in
Greater Boston |
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Discussant:
Lu Han, University of Toronto |
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4:30 pm |
Adjourn |
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6:00 pm |
Group
Dinner: Legal Seafoods at Kendall Square |
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Wednesday, July 27: |
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8:00 am |
Continental
Breakfast |
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8:30 am |
Brian Melzer, Northwestern University |
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Mortgage Debt Overhang: Reduced
Investment by Homeowners with Negative Equity |
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Discussant:
Joseph Tracy, Federal Reserve Bank of New York |
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9:30 am |
Break |
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10:00 am |
Richard
Stanton, University of California at Berkeley |
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Nancy
Wallace, University of California at Berkeley |
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CMBS Subordination, Ratings Inflation, and Regulatory-Capital
Arbitrage |
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Discussant:
Maisy Wong, University of Pennsylvania |
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11:00 am |
Fernando
Ferreira, University of Pennsylvania and NBER |
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Joseph Gyourko, University of Pennsylvania and NBER |
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Anatomy of the
Housing Boom in U.S. Neighborhoods and Metropolitan Areas, 1993-2009 |
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Discussant:
Alvin Murphy, Washington University in St. Louis |
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12:00 n |
Lunch |
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1:00 pm |
Sumit Agarwal, Federal Reserve Bank of
Chicago |
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Gene Amromin, Federal Reserve Bank of
Chicago |
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Itzhak (Zahi) Ben-David, Ohio State
University |
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Serdar Dinc, Massachusetts Institute of
Technology |
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The Politics of Mortgage
Foreclosures |
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Discussant:
Brian Knight, Brown University and NBER |
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2:00 pm |
Ingrid Gould Ellen, New York University |
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Johanna Lacoe, New York University |
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Claudia Sharygin, New York University |
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Discussant:
Discussant: Nathaniel Baum-Snow, Brown University and NBER |
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3:00 pm |
Break |
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3:30 pm |
Arthur Korteweg, Stanford
University |
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Morten Sorensen, Columbia University and
NBER |
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Estimating House Prices, LTVs, and
Foreclosure Behavior |
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Discussant:
Karen Pence, Federal Reserve Board |
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4:30 pm |
Adjourn |