NBER Corporate Associates Research Symposium
May 23, 2016

Sofitel Hotel
45 West 44th Street, New York NY 10036
(212) 354-8844

12:00 pm

Reception and Lunch

12:30 pm

Welcome
JamesPoterba,Massachusetts Institute of Technology and NBER

Prospects for the Global Economy
Mohamed El-Erian, Allianz

1:25 pm

Break

1:35 pm

Monetary Policy, Credit Markets, and Real Activity
Jeremy Stein, Harvard University and NBER

2:15 pm

Patents, Intellectual Property, and Innovative Activity
Petra Moser, New York University and NBER

2:55 pm

Break

3:05 pm

Prices, Leverage and Downside Risk in the Chinese Housing Market
Joseph Gyourko, University of Pennsylvania and NBER

3.45 pm

Closing Remarks
JamesPoterba,Massachusetts Institute of Technology and NBER

4:00 pm

Adjourn

SPEAKER BIOGRAPHIES

Mohamed El-Erian
is the Chief Economic Advisor at Allianz, the corporate parent of PIMCO where he formerly served as chief executive officer. He is also Chair of the President’s Global Develo pment Council, and a member of the NBER Board of Directors. Dr. El-Erian first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group. He rejoined the company at the end of 2007 after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts. He was previously a managing director at Salomon Smith Barney/Citigroup in London and he spent 15 years at the International Monetary Fund. Dr. El-Erian has published widely on international economic and finance topics. His 2008 book, When Markets Collide, won the Financial Times/Goldman Sachs Business Book of the Year and was named a book of the year by The Economist.   His new book, The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse, was published in January 2016. He was an undergraduate at Cambridge University, where he is currently an Honorary Fellow of Queen’s College, and he received his D.Phil. in economics from Oxford University.

Joseph Gyourko is the Martin Bucksbaum Professor of Real Estate, Finance and Business Economics and Public Policy at the Wharton School of the University of Pennsylvania, where he also directs the Zell/Lurie Real Estate Center. His research interests include real estate finance and investments, urban economics, and housing markets. Dr. Gyourko is a Research Associate of the NBER, and served as co-director of a recent NBER project on Housing Markets and the Financial Crisis. He is a co-editor of the Journal of Urban Economics and serves on the Board of Directors of the Pension Real Estate Association (PREA). He received his undergraduate degree at Duke and his Ph.D. from the University of Chicago.

Petra Moser is an associate professor of economics at New York University and a Research Associate at the NBER. Prior to joining the NYU faculty, she taught at MIT and Stanford. Dr. Moser’s research examines the determinants of creativity and innovation. She uses historical variation in patent and copyright laws to examine the effects of intellectual property on science, technological innovation and artistic creativity. She received a prestigious NSF CAREER grant, which is designed to promote the research of especially promising early-stage scientists. She was an undergraduate at the University of Tübingen in Germany and holds a Ph.D. in Economics from the University of California, Berkeley.

Jeremy Stein is the Moise Y. Safra Professor of Economics at Harvard University and a Research Associate at the NBER. From May 2012 to May 2014, he was a member of the Board of Governors of the Federal Reserve System. In 2009, he served as a senior advisor to the Treasury Secretary and on the staff of the National Economic Council. Dr. Stein’s research has covered a wide range of topics in financial and monetary economics, including behavioral finance and market efficiency, corporate investment and financing decisions, risk management, banking and financial regulation, and the design of monetary policy. In 2008, he served as President of the American Finance Association. He currently serves on the board of directors of the Harvard Management Company.   Dr. Stein received his AB in economics summa cum laude from Princeton University in 1983 and his PhD in economics from M.I.T. in 1986.