NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2010
Economics of Real Estate and Local Public Finance
Joe Gyourko, Chris Mayer and Todd Sinai, Organizers July 28, 2010 Royal Sonesta Hotel Skyline Suite 40 Edwin H. Land Boulevard Cambridge, Massachusetts
PROGRAM
TUESDAY, JULY 27:
6:00 pm Group Dinner: Legal Sea Foods Kendall Square
WEDNESDAY, JULY 28:
8:00 am	Coffee and Pastries
8:30 am	Andrew Haughwout and Joseph Tracy, Federal Reserve Bank of New York
	Second Chances: Subprime Mortgage Modification and Re-Default
	Discussant: Tomasz Piskorski, Columbia University
9:30 am	Break
10:00 am	David Albouy, University of Michigan and NBER
	Nathan Seegert, University of Michigan
	The Optimal Population Distribution across Cities and the Private-Social Wedge
	Discussant: Dennis Epple, Carnegie Mellon University and NBER
11:00 am	Kristian Behrens, University of Quebec
	Gilles Duranton, University of Toronto
	Frederic Robert-Nicoud, Université de Genève
	Productive cities: Sorting, selection and agglomeration
	Discussant: Edward Glaeser, Harvard University and NBER
12:00 n	Lunch
1:00 pm	Veronica Guerrieri, University of Chicago and NBER
	Daniel Hartley, Federal Reserve Bank of Cleveland
	Erik Hurst, University of Chicago and NBER
	Endogenous Gentrification and Housing Price Dynamics
	Discussant: Fernando Ferreira, University of Pennsylvania and NBER
2:00 pm	Jack Favilukis, London School of Economics
	Sydney Ludvigson and Stijn Van Nieuwerburgh, New York University and NBER
	Macroeconomic Implications of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
	Discussant: Morris Davis, University of Wisconsin
3:00 pm	Break
3:15 pm	Shing-Yi Wang, New York University
	State Misallocation and Housing Prices: Theory and Evidence from China
	Discussant: J. Vernon Henderson, Brown University
4:15 pm	Adjourn