NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2001
Asset Marketing/Real Estate
Andrew Caplin and William Goetzmann, Organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 18, 2001
PRELIMINARY PROGRAM
WEDNESDAY, JULY 18:
8:30 AM Coffee and Doughnuts
9:00 AM JOHN CAMPBELL, Harvard University and NBER
JOAO COCCO, London Business School
Household Risk Management and Optimal Mortgage Choice
Discussant: DEBORAH LUCAS, Northwestern University and NBER
10:00 AM Break
10:15 AM CHRIS DOWNING, Federal Reserve Board
RICHARD STANTON and NANCY WALLACE, UC, Berkeley
An Empirical Test of a Two Factor Mortgage Pre-payment and Valuation Model: How Much Do House Prices Matter?
Discussant: JOSEPH TRACY, Columbia University and NBER
11:15 AM Break
11:30 AM MARK GARMAISE and TOBY MOSKOWITZ, University of Chicago
Brokerage and the Financing of Commercial Properties
12:30 PM Lunch
1:30 PM KARL CASE, Wellesley College
JOHN QUIGLEY, UC, Berkeley
ROBERT SHILLER, Yale University and NBER
Stock Market Wealth , Housing Market Wealth, Spending and Consumption
Discussant: SYDNEY LUDVIGSON, Federal Reserve Bank
SI01 AMRE Program
page two
2:30 PM Break
2:45 PM XIAOQING HU, Northwestern University
Portfolio Choice for Home Owners
Discussant: CHRISTOPHER MAYER, University of Pennsylvania
3:45 PM Break
4:00 PM JOHN P. CONLEY, Northwestern University
ANTONIO RANGEL, Stanford University and NBER
Discussant: EDWARD GLAESER, Harvard University and NBER
5:00 PM Adjourn
7/03/01