NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2005

 

Economics of Real Estate and Local Public Finance

 

Joe Gyourko, Chris Mayer, and Todd Sinai, Organizers

 

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

 

July 26 and 27, 2005

 

PRELIMINARY PROGRAM

 

TUESDAY, JULY 26:

 

 

12:00 n

Lunch

 

 

 1:00 pm

MONIKA PIAZZESI, University of Chicago and NBER

 

MARTIN SCHNEIDER, New York University

 

Inflation and the Price of Real Assets

 

 

 

Discussant:  NENG WANG, Columbia University

 

 

 2:00 pm

TRACEY SESLEN, University of Southern California

 

WILLIAM WHEATON and HENRY POLLAKOWSKI, MIT

 

The Investment Performance of Housing and AHedonic@ Spatial Equilibrium (appendices)

 

 

 

Discussant: WILL GOETZMANN, Yale University and NBER

 

 

 3:00 pm

Break

 

 

 3:30 pm

ROBERT NOVY-MARX, University of Chicago

 

The Microfoundations of Hot and Cold Markets

 

 

 

Discussant:  CHRIS MAYER, Columbia University and NBER

 

 

 4:30 pm

GRACE WONG, University of Pennsylvania

 

The Anatomy of a Housing Bubble

 

 

 

Discussant:  MARKUS BRUNNERMEIER, Princeton University

 

 

 5:30 pm

Adjourn

 

 

 6:00 pm

Group Dinner

 

Legal Sea Food

 

Kendall Sq.

 

5 Cambridge Center

 

Cambridge, MA

 

 

WEDNESDAY, JULY 27:

 

 

 8:00 am

Coffee and Pastries

 

 

 8:30 am

SAKU AURA, University of Missouri

 

THOMAS DAVIDOFF, UC, Berkeley

 

Optimal Commodity Taxation When Land and Structures Must Be Taxed at the Same Rate

 

 

 

Discussant:  ROBERTON WILLIAMS, University of Texas and NBER

 

 

 9:30 am

Break

 

 

10:00 am

ERIC HANUSHEK, Stanford University and NBER

 

KUZEY YILMAZ, Koc University

 

Schools and Location: Tiebout, Alonso, and Governmental Policy  

 

and

 

Can Money Buy a Better Education?

 

 

 

Discussant:  EDWARD GLAESER, Harvard University and NBER

 

 

11:00 am

ROLAND ANDERSSON, Royal Institute of Technology

 

JOHN QUIGLEY, UC, Berkeley

 

MATS WILHELMSSON, Royal Institute of Technology

 

Urbanization, Productivity and Innovation: Evidence from Investment in Higher Education

 

 

 

Discussant:  CAROLINE HOXBY, Harvard University and NBER

 

 

12:00 n

Lunch

 

 

 1:00 pm

PATRICK BAYER and HANMING FANG, Yale University and NBER

 

ROBERT MCMILLAN, University of Toronto

 

Separate When Equal? Racial Inequality and Residential Segregation

 

 

 

Discussant:  WILLIAM STRANGE, University of Toronto

 

 

 2:00 pm

DAVID CARD, UC, Berkeley and NBER

 

JESSE ROTHSTEIN, Princeton University and NBER

 

Racial Segregation and the Black-White Test Score Gap

 

 

 

Discussant:  JONAH ROCKOFF, Columbia University

 

 

 3:00 pm

Break

 

 

 3:30 pm

FRANCOIS ORTALO-MAGNE, University of Wisconsin

 

SVEN RADY, University of Munich

 

Heterogeneity within Communities: A Stochastic Model with Tenure Choice

 

 

 

Discussant: HOLGER SIEG, Carnegie-Mellon University and NBER

 

 

 4:30 pm

Adjourn

 

 

5/25/05