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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2013 Economics of Real Estate & Local Public

Joseph Gyourko, Christopher J. Mayer, and Todd M. Sinai, Organizers

July 23-24, 2013

Royal Sonesta Hotel
Skyline CDE Meeting Room
40 Edwin Land Boulebard
Cambridge, MA

PROGRAM

 

Tuesday, July 23


8:00 am


Coffee and Pastries


8:30 am


Brian T. Melzer, Northwestern University
David Matsa, Northwestern University
Joanne Hsu, Federal Reserve Board
Unemployment Insurance and Consumer Credit

Discussant: Andreas Mueller, Columbia University


9:30 am


Break


10:00 am


Kerwin Kofi Charles, University of Chicago and NBER
Erik Hurst, University of Chicago and NBER
Matthew Notowidigdo, University of Chicago and NBER
Manufacturing Decline, Housing Booms, and Non-Employment

Discussant: Atif R. Mian, Princeton University and NBER


11:00 am


Peter Englund, Stockholm School of Economics
Thomas Jansson, Sveriges Riksbank
Todd Sinai, University of Pennsylvania and NBER
How Parents Influence the Wealth Accumulation of their Children

Discussant: Kathleen M. McGarry, University of California at Los Angeles and NBER


12:00 pm


Lunch


1:00 pm


Tomasz Piskorski, Columbia University
Amit Seru, University of Chicago and NBER
James Witkin, Columbia Business School
Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market

Discussant: Gene Amromin, Federal Reserve Bank of Chicago


2:00 pm


Break


2:30 pm


Mark Garmaise, University of California at Los Angeles
The Attractions and Perils of Flexible Mortgage Lending

Discussant: Karen Pence, Federal Reserve Board


3:30 pm


Andreas Fuster, Federal Reserve Bank of New York
James Vickery, Federal Reserve Bank of New York
Securitization and the Fixed-Rate Mortgage

Discussant: Benjamin Keys, University of Chicago


4:30 pm


Adjourn


6:30 pm


Group Dinner, Legal Sea Foods, Kendall Square

Wednesday, July 24

8:00 am

Coffee and Pastries


8:30 am


Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER
Johannes C. Stroebel, University of Chicago
Segmented Housing Search

Discussant: Joseph Tracy, Federal Reserve Bank of New York


9:30 am


Lu Han, University of Toronto
William Strange, University of Toronto
What is the Role of the Asking Price for a House?

Discussant: Jessie Handbury, University of Pennsylvania


10:30 am


Break


10:45 am


Cindy Soo, University of Michigan
Quantifying Animal Spirits: News Media and Sentiment in the Housing Market

Discussant: Paul Tetlock, Columbia University


11:45 am


Marcelle Chauvet, University of California, Riverside
Stuart Gabriel, University of California at Los Angeles
Chandler Lutz, Copenhagen Business School
Fear and Loathing in the Housing Market: Evidence from Search Query Data

Discussant: Aurel Hizmo, New York University


12:45 pm


Adjourn