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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2014 Real Estate

Fernando Ferreira and Tomasz Piskorski, Organizers

July 22-23, 2014

Longfellow Room

Royal Sonesta Hotel
40 Edwin H. Land Blvd
Cambridge, MA

PROGRAM

 

Tuesday, July 22 – Morning session joint with Urban Economics


8:00 am


Coffee and Pastries


8:30 am


Kyle Mangum, Georgia State University
The Global Effects of Local Land Use Restrictions

Discussant: Joseph E. Aldy, Harvard University and NBER


9:30 am


Break


9:45 am


Leah Brooks, University of Toronto
Byron Lutz, Federal Reserve Board
Vestiges of Transit: Urban Persistence at a Micro Scale

Discussant: Gilles Duranton, University of Pennsylvania


10:45 am


Donald R. Davis, Columbia University and NBER
Jonathan I. Dingel, Columbia University
Joan Monras, Columbia University
Eduardo Morales, Princeton University and NBER
Spatial and Social Frictions in the City: Evidence from Yelp

Discussant: Albert Saiz, Massachusetts Institute of Technology


11:45 am


Lunch


1:00 pm


Christopher R. Knittel, Massachusetts Institute of Technology and NBER
Alexander W. Bartik, Massachusetts Institute of Technology
Janet Currie, Princeton University and NBER
Michael Greenstone, Massachusetts Institute of Technology and NBER
Christopher R. Knittel, Massachusetts Institute of Technology and NBER
The Economic Consequences of Hydraulic Fracturing

Discussant: Lucas W. Davis, University of California at Berkeley and NBER


2:00 pm


Jeffrey Lin, Federal Reserve Bank of Philadelphia
Sanghoon Lee, University of British Columbia
Natural Amenities, Neighborhood Dynamics, and Persistence in the Spatial Distribution of Income

Discussant: Rebecca Diamond, Stanford University


3:00 pm


Break


3:15 pm


Neil Bhutta, Federal Reserve Board
Benjamin Keys, University of Chicago
Interest Rates and Equity Extraction During the Housing Boom

Discussant: John Campbell, Harvard University and NBER


4:15 pm


Adjourn

6:30 pm

Group dinner at Legal Sea Foods in Kendall Sq., Cambridge



Wednesday, July 23


8:00 am


Coffee and Pastries


8:30 am


Stefano Giglio, University of Chicago and NBER
Matteo Maggiori, Harvard University and NBER
Johannes C. Stroebel, New York University
Very Long-Run Discount Rates

Discussant: Lars Lochstoer, Columbia University


9:30 am


Break


9:45 am


Umit Gurun, University of Texas at Dallas
Gregor Matvos, University of Chicago and NBER
Amit Seru, University of Chicago and NBER
Advertising Expensive Mortgages

Discussant: Adi Sunderam, Harvard University and NBER


10:45 am


Fernando Ferreira, University of Pennsylvania and NBER
Joseph Gyourko, University of Pennsylvania and NBER
Understanding the Foreclosure Crisis: Subprime or Bad Timing?

Discussant: Paul Willen, Federal Reserve Bank of Boston and NBER


11:45 am


Lunch


1:00 pm


Anthony A. DeFusco, University of Pennsylvania
Andrew Paciorek, Federal Reserve Board of Governors
The Interest Rate Elasticity of Mortgage Demand: Evidence from Bunching at the Conforming Loan Limit

Discussant: James Vickery, Federal Reserve Bank of New York


2:00 pm


Marco Di Maggio, Columbia Business School
Amir Kermani, University of California at Berkeley
Credit-Induced Boom and Bust

Discussant: Benjamin Keys, University of Chicago


3:00 pm


Break


3:15 pm


Christopher Palmer, Massachusetts Institute of Technology
Why Did So Many Subprime Borrowers Default During the Crisis: Loose Credit or Plummeting Prices?

Discussant: Joseph Tracy, Federal Reserve Bank of New York


4:15 pm


Adjourn