Wednesday, July 25
8:00 am
Coffee and Pastries
8:20 am
Session on Mortgage Design

Mortgage Design in an Equilibrium Model of the Housing Market

Adam Guren, Boston University and NBER
Arvind Krishnamurthy, Stanford University and NBER
Timothy McQuade, University of California, Berkeley and NBER

Financial Fragility with SAM?

Daniel Greenwald, New York University and NBER
Tim Landvoigt, University of Pennsylvania and NBER
Stijn Van Nieuwerburgh, Columbia University and NBER

Structuring Mortgages for Macroeconomic Stability (slides)

John Y. Campbell, Harvard University and NBER
Nuno Clara, Duke University
Joao Cocco, London Business School
9:30 am

Credit Supply and Housing Speculation

Atif R. Mian, Princeton University and NBER
Amir Sufi, University of Chicago and NBER

Discussant:
Benjamin J. Keys, University of Pennsylvania and NBER
10:20 am
Break
10:40 am

Bank Balance Sheet Capacity, Shadow Banks and Market Segmentation

Greg Buchak, Stanford University
Gregor Matvos, Northwestern University and NBER
Tomasz Piskorski, Columbia University and NBER
Amit Seru, Stanford University and NBER

Discussant:
Adi Sunderam, Harvard University and NBER
11:30 am

House Price Beliefs and Mortgage Leverage Choice

Michael A. Bailey, Georgetown University
Eduardo Dávila, Yale University and NBER
Theresa Kuchler, New York University and NBER
Johannes Stroebel, New York University and NBER

Discussant:
Charles G. Nathanson, Northwestern University
12:20 pm
Lunch
1:40 pm

Perception of House Price Risk and Homeownership

Manuel Adelino, Duke University and NBER
Antoinette Schoar, Massachusetts Institute of Technology and NBER
Felipe Severino, Dartmouth College

Discussant:
Basit Zafar, University of Michigan and NBER
2:30 pm

Betting the House: The Role of Homeownership in Marital Commitment and Child Investments

Jeanne Lafortune, Pontificia Universidad Catolica de Chile
Corinne Low, University of Pennsylvania and NBER

Discussant:
Christopher Palmer, Massachusetts Institute of Technology and NBER
3:20 pm
Break
3:40 pm

Identifying the Benefits from Home Ownership: A Swedish Experiment

Paolo Sodini, Stockholm School of Economics
Stijn Van Nieuwerburgh, Columbia University and NBER
Roine Vestman, Stockholm University
Ulf von Lilienfeld-Toal, University of Luxembourg

Discussant:
Ingrid Ellen, New York University
4:30 pm

Choosing Your Pond: Location Choices and Relative Income (slides)

Nicolas Luis. Bottan, Cornell University
Ricardo Perez-Truglia, University of California, Los Angeles and NBER

Discussant:
Victor Couture, University of Toronto
5:20 pm
Adjourn
6:00 pm
Dinner at Hotel Marlowe (Alexis Room)
Thursday, July 26
8:00 am
Coffee and Pastries
Joint Session with Urban Economics
8:20 am

Property Taxation, Housing, and Local Labor Markets: Evidence from German Municipalities

Max Löffler, University of Cologne
Sebastian Siegloch, University of Mannheim

Discussant:
Owen M. Zidar, Princeton University and NBER
9:10 am

The Welfare Implications of Urban Gentrification

Victor Couture, University of Toronto
Cecile Gaubert, University of California, Berkeley and NBER
Jessie Handbury, University of Pennsylvania and NBER
Erik Hurst, University of Chicago and NBER

Discussant:
Jacob L. Vigdor, University of Washington and NBER
10:00 am
Break
10:20 am

The Opportunity Atlas: Tract-Level Estimates of Intergenerational Mobility in the U.S.

Raj Chetty, Harvard University and NBER
John N. Friedman, Brown University and NBER
Nathaniel Hendren, Massachusetts Institute of Technology and NBER
Maggie Jones, U.S. Census Bureau
Sonya Porter, U.S. Census Bureau

Discussant:
Enrico Moretti, University of California, Berkeley and NBER
11:10 am

Calling from the Outside: The Role of Networks in Residential Mobility

Konstantin Buechel, University of Bern
Maximilian Ehrlich, University of Bern
Diego Puga, CEMFI
Elisabet Viladecans-Marsal, Universitat de Barcelon and IEB

Discussant:
Amanda Pallais, Harvard University and NBER
12:00 pm
Adjourn and Lunch