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style='tab-interval:.5in'> <div class=WordSection1> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=757 style='width:567.75pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'><!--<div id="topstuff" style="text-align:center"> -->Authors, please upload your paper <a href="http://www.nber.org/confsubmit/backend/form?id=EASE16">here</a>. <br> <br> </span><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'>NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family: "Times New Roman"'>East Asian Seminar on Economics <br> </span></b><i style='mso-bidi-font-style:normal'><span style='mso-fareast-font-family: "Times New Roman"'>Housing</span></i><span style='mso-fareast-font-family: "Times New Roman"'> <b style='mso-bidi-font-weight:normal'><o:p></o:p></b></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Takatoshi</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Ito and Andrew Rose, Organizers <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'>June 23-24, 2016 <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='text-align:center'>Hosted by the National University of Singapore and the <br> Asian Bureau of Finance and Economic Research<span style='mso-fareast-font-family: "Times New Roman"'> <br> <br> <b style='mso-bidi-font-weight:normal'>NUS Business School </b><br> </span>15 Kent Ridge Drive<br> <span class=SpellE>Mochtar</span> <span class=SpellE>Riady</span> Building<br> BIZ 1 04-02, Singapore 119245<span style='mso-fareast-font-family:"Times New Roman"'><br> <br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <h2 align=center style='text-align:center'><u><span style='font-size:12.0pt; mso-fareast-font-family:"Times New Roman"'>Program<br style='mso-special-character: line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></u></h2> </td> </tr> <tr style='mso-yfti-irow:7'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=755 style='width:566.25pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=755 colspan=2 valign=top style='width:566.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family: "Times New Roman"'><!-- </div> --><a href="List%20of%20Participants.pdf">Participant List</a><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></u></b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=755 colspan=2 valign=top style='width:566.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family: "Times New Roman"'>Thursday, June 23</span></u></b><b style='mso-bidi-font-weight: normal'><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>8:05 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Shuttle Bus from Hotel to NUS Business School<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>8:30 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Continental Breakfast<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>9:00 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Welcome Remarks<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>9:15 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman";color:black;mso-themecolor: text1;mso-bidi-font-weight:bold'>Vincent Yao</span><span style='mso-fareast-font-family: "Times New Roman"'>, Georgia State University<br> </span><a href="http://www.nber.org/papers/w20561"><i>Mortgage Rates, Household Balance Sheets, and the Real Economy </i></a><i style='mso-bidi-font-style: normal'><br> </i>(joint with Benjamin Keys, <span style='mso-fareast-font-family:"Times New Roman"'>Tomasz <span class=SpellE>Piskorski</span>,</span> and Amit <span class=SpellE>Seru</span>)<br> <br> <span style='mso-fareast-font-family:"Times New Roman"'>Discussants:<span style='mso-spacerun:yes'>  </span><br> <span class=SpellE>Yothin</span> <span class=SpellE>Jinjarak</span>, Victoria University of Wellington<br> </span><span class=SpellE>Anand</span> Srinivasan, National University of Singapore</p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>10:15 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>10:30 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'>Mathias Hoffmann, University of Zurich<br> <i style='mso-bidi-font-style:normal'><span style='mso-fareast-font-family: "Times New Roman"'><a href="Hoffmann_Stewen.pdf">Holes in the Dike:<span style='mso-spacerun:yes'>  </span>The Global Savings Glut, U.S. House Prices and the Long Shadow of Banking Deregulation</a><br> </span></i><span style='mso-fareast-font-family:"Times New Roman"'>(joint with <span class=SpellE>Iryna</span> <span class=SpellE>Stewen</span>)<br> <br> Discussants:<span style='mso-spacerun:yes'>  </span><br> <span class=SpellE>Yothin</span> <span class=SpellE>Jinjarak</span>, Victoria University of Wellington<br> <span class=SpellE>Sunbae</span> Kim, </span>National University of Singapore<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>11:30 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto;mso-outline-level:1'>Cristian <span class=SpellE>Badarinza</span>, National University of Singapore<span style='mso-fareast-font-family:"Times New Roman"'><br> </span><i style='mso-bidi-font-style:normal'><a href="Agarwal_Badarinza_Qian.pdf">The Effectiveness of Housing Collateral Tightening Policy</a><br> </i>(joint with <span class=SpellE>Sumit</span> Agarwal and <span class=SpellE>Wenlan</span> Qian)<i style='mso-bidi-font-style:normal'><br> </i><span style='mso-fareast-font-family:"Times New Roman"'><br> Discussants:<span style='mso-spacerun:yes'>  </span><br> <span class=SpellE>Zhenyu</span> Gao, Chinese University of Hong Kong<br> Daisuke <span class=SpellE>Miyakawa</span>, <span class=SpellE>Hitotsubashi</span> University<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>12:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Lunch <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>2:00 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman";color:black;mso-themecolor: text1;mso-bidi-font-weight:bold'>Vincent Yao</span><span style='mso-fareast-font-family: "Times New Roman"'>, Georgia State University <br> </span><a href="http://www.nber.org/papers/w21512"><i>Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program </i></a><i style='mso-bidi-font-style:normal'><span style='mso-fareast-font-family:"Times New Roman";mso-font-kerning:18.0pt; mso-bidi-font-weight:bold'><br> </span></i><span style='mso-fareast-font-family:"Times New Roman"; mso-font-kerning:18.0pt;mso-bidi-font-weight:bold'>(joint with<i style='mso-bidi-font-style:normal'> </i></span><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman";color:black;mso-themecolor: text1;mso-bidi-font-weight:bold'>Sumit</span></span><span style='mso-fareast-font-family: "Times New Roman";color:black;mso-themecolor:text1;mso-bidi-font-weight: bold'> Agarwal, Gene <span class=SpellE>Amromin</span>, <span class=SpellE>Souphala</span> <span class=SpellE>Chomsisengphet</span>, Tomasz <span class=SpellE>Piskorski</span>, and </span><span style='mso-fareast-font-family:"Times New Roman"'>Amit <span class=SpellE>Seru</span><span style='color:black;mso-themecolor:text1; mso-bidi-font-weight:bold'>)<br> </span><br> Discussants:<span style='mso-spacerun:yes'>  </span><br> Tsutomu Watanabe, University of Tokyo<br> Jing Wu, Tsinghua University<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>3:00 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>3:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Changcheng</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Song, National University of Singapore<br> <i style='mso-bidi-font-style:normal'><a href="Agarwal_Song_Yao.pdf">Banking Competition and Shrouded Attributes: Evidence from the U.S. Mortgage Market</a><br> </i></span><span style='mso-font-kerning:18.0pt;mso-bidi-font-weight:bold'>(joint with<i style='mso-bidi-font-style:normal'> </i></span><span class=SpellE><span style='color:black;mso-themecolor:text1;mso-bidi-font-weight:bold'>Sumit</span></span><span style='color:black;mso-themecolor:text1;mso-bidi-font-weight:bold'> Agarwal and Vincent Yao)</span><span style='mso-fareast-font-family:"Times New Roman"'><br> <br> Discussants:<span style='mso-spacerun:yes'>  </span><br> Stephen <span class=SpellE>Dimmock</span>, Nanyang Technological University<br> Daisuke <span class=SpellE>Miyakawa</span>, <span class=SpellE>Hitotsubashi</span> University<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>4:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Jiro Yoshida, Pennsylvania State University<br> </span><i style='mso-bidi-font-style:normal'><a href="Ambrose_Coulson_Yoshida.pdf">Inflation Rates are Very Different when Housing Rents are Accurately Measured</a><br> </i>(joint with Brent Ambrose and Edward Coulson)<span style='mso-fareast-font-family: "Times New Roman"'><br> <br> Discussants:<span style='mso-spacerun:yes'>    </span><br> <span class=SpellE>Febrio</span> <span class=SpellE>Kacaribu</span>, University of Indonesia<br> Tsutomu Watanabe, University of Tokyo<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>5:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Adjourn<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>5:45 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Reception and Buffet Dinner at NUS Business School<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>7:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Shuttle Bus from NUS Business School to Hotel<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:17'> <td width=755 colspan=2 valign=top style='width:566.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><b style='mso-bidi-font-weight:normal'><u><span style='mso-fareast-font-family: "Times New Roman"'>Friday, June 24</span></u></b><span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:18'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>8:05 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Shuttle Bus from Hotel to NUS Business School<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:19'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>8:30 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Continental Breakfast<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:20'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>9:00 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span class=SpellE>Hanming</span> Fang, University of Pennsylvania and NBER<br> <a href="http://economics.sas.upenn.edu/~hfang/WorkingPaper/subprime/FLK_Jan-11_HF.pdf"><i>The Dynamics of Subprime Adjustable-Rate Mortgage Default: A Structural Estimation </i></a><i style='mso-bidi-font-style:normal'><br> </i>(joint with You Suk Kim and <span class=SpellE>Wenli</span> Li)<span style='mso-fareast-font-family:"Times New Roman"'><br> <br> Discussants:<span style='mso-spacerun:yes'>  </span><br> <span class=SpellE>Yongheng</span> Deng, National University of Singapore<br> <span class=SpellE>Zhenyu</span> Gao, Chinese University of Hong Kong<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:21'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>10:00 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:22'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>10:15 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Iichiro</span></span><span style='mso-fareast-font-family:"Times New Roman"'> <span class=SpellE>Uesugi</span>, <span class=SpellE>Hitotsubashi</span> University<br> </span><i style='mso-bidi-font-style:normal'><a href="Miyakawa_Shimizu_Uesugi.pdf">Geography and Realty Prices:<span style='mso-spacerun:yes'>  </span>Evidence from International Transaction-Level Data</a><br> </i>(joint with <span style='mso-fareast-font-family:"Times New Roman"'>Daisuke <span class=SpellE>Miyakawa</span> and <span class=SpellE>Chihiro</span> Shimizu)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:23'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Discussants:<span style='mso-spacerun:yes'>  </span><br> Jing Li, Singapore Management University<br> Masaki Mori, National University of Singapore<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:24'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>11:15 am<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Inho</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Song, </span><span style='font-size:11.0pt'>Korea Development Institute<br> </span><i style='mso-bidi-font-style:normal'><a href="Song.pdf">The Asset Price of a House</a><br> </i>(joint with Peter <span class=SpellE>Chinloy</span> and Man Cho)<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:25'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Discussants:<span style='mso-spacerun:yes'>  </span><br> <span class=SpellE>Febrio</span> <span class=SpellE>Kacaribu</span>, University of Indonesia<br> Joseph <span class=SpellE>Ooi</span>, National University of Singapore<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:26'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>12:15 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:27'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>1:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Bo Zhao, </span><span style='font-size:11.0pt'>China Center for Economic Research</span><span style='mso-fareast-font-family:"Times New Roman"'><br> <i style='mso-bidi-font-style:normal'><a href="Zhao.pdf">Too Poor to Retire? Housing Prices and Retirement</a></i><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:28'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Discussants:<span style='mso-spacerun:yes'>  </span><br> Fan Yi, National University of Singapore<br> Qin Yu, National University of Singapore<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:29'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>2:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:30'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>3:00 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Wen-<span class=SpellE>Chieh</span> Wu, National <span class=SpellE>Chengchi</span> University<br> </span><a href="http://www.nber.org/confer/2016/EASE16/Wu.pdf"><i>Childhood Housing Environment and Young Adulthood Health Status</i><i><span style='font-family:"Arial","sans-serif"'> </span></i></a><i style='mso-bidi-font-style:normal'><span style='mso-fareast-font-family: "Times New Roman"'><br> </span></i><span style='mso-fareast-font-family:"Times New Roman"'>(joint with <span class=SpellE>Jiann-Chyuan</span> Wang and Yu-Chun Ma)<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:31'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Discussants:<span style='mso-spacerun:yes'>  </span><br> Jing Li, Singapore Management University<br> <span class=SpellE>Poh</span> Lin Tan, National University of Singapore<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:32'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>4:00 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Adjourn<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:33'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>4:15 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Shuttle Bus from NUS Business School to Hotel<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:34'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'>5:30 pm<o:p></o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'>Dinner<br> </span><span style='mso-bidi-font-weight:bold'>KAZ Japanese Fusion Sushi<br> </span><span class=xbe>35 Rochester Park, </span><span class=extended-address>#02-12 Rochester Mall</span><span class=xbe><br> Singapore</span><span style='mso-fareast-font-family:"Times New Roman"'><br> (located within walking distance of the Park Avenue Rochester Hotel)<br> <br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:35'> <td width=106 valign=top style='width:79.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=649 valign=top style='width:486.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:36;mso-yfti-lastrow:yes'> <td width=755 colspan=2 valign=top style='width:566.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><b style='mso-bidi-font-weight:normal'><u>Session Format</u></b>: Presentation 25 minutes; Discussants 10 minutes each; Open discussion 15 minutes<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='font-size:10.0pt;mso-fareast-font-family: "Times New Roman"'><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8;mso-yfti-lastrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <h2 align=center style='text-align:center'><u><span style='font-size:12.0pt; mso-fareast-font-family:"Times New Roman"'><o:p><span style='text-decoration: none'>&nbsp;</span></o:p></span></u></h2> </td> </tr> </table> <p class=MsoNormal>***************<u><span style='mso-fareast-font-family:"Times New Roman"'><br> </span></u><span style='font-size:11.0pt'>Standing Co-Organizer Institutions<span class=GramE>:</span><br> <br> National Bureau of Economic Research, Inc.<br> National University of Singapore<br> </span><span lang=FR style='font-size:11.0pt;mso-fareast-font-family:Calibri; mso-ansi-language:FR'>Tokyo Center for <span class=SpellE>Economic</span> <span class=SpellE>Research</span></span><span style='font-size:11.0pt'><br> Korea Development Institute<br> Chung-Hua Institution for Economic Research<br> Hong Kong University of Science and Technology<br> Australian National University<br> Tsinghua University<br> China Center for Economic Research<br> </span><u><span style='mso-fareast-font-family:"Times New Roman"'><br> </span></u><span style='mso-fareast-font-family:"Times New Roman"'><span style='mso-tab-count:2'>                        </span><o:p></o:p></span></p> <table class=MsoNormalTable border=0 cellpadding=0 style='mso-cellspacing:1.5pt; mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'></td> </tr> </table> <p class=MsoNormal><i style='mso-bidi-font-style:normal'><a href="Information%20on%20Singapore.pdf">Singapore Information</a><o:p></o:p></i></p> <p class=MsoNormal><i style='mso-bidi-font-style:normal'><o:p>&nbsp;</o:p></i></p> <p class=MsoNormal><i style='mso-bidi-font-style:normal'><o:p>&nbsp;</o:p></i></p> <p class=MsoNormal><i style='mso-bidi-font-style:normal'><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></i></p> </div> </body> </html>