Wednesday, July 27
8:00 am
Coffee and Pastries - Serrano A/ Alexis Gallery
8:30 am

Refinancing Cross-subsidies in the Mortgage Market

Jack W. Fisher, University of Virginia
Alessandro Gavazza, London School of Economics
Lu Liu, University of Pennsylvania
Tarun Ramadorai, Imperial College London
Jagdish Tripathy, Bank of England

Discussant:
Pascal J. Noel, University of Chicago and NBER
9:20 am

The Last Mile of Monetary Policy: Consumer Inattention, Disclosures, and the Refinancing Channel (slides)

Shane Byrne, Central Bank of Ireland and Trinity College Dublin
Kenneth Devine, Central Bank of Ireland
Michael King, Trinity College Dublin
Yvonne McCarthy, Central Bank of Ireland
Christopher Palmer, Massachusetts Institute of Technology and NBER

Discussant:
Jialan Wang, University of Illinois Urbana-Champaign and NBER
10:10 am
Break
10:30 am

Collateral Value Uncertainty and Mortgage Credit Provision

Erica Xuewei Jiang, University of Southern California
Anthony Lee Zhang, University of Chicago

Discussant:
Timothy McQuade, University of California, Berkeley and NBER
11:20 am

Financial Constraints and the Racial Housing Gap

Arpit Gupta, New York University
Christopher Hansman, Emory University
Pierre Mabille, INSEAD

Discussant:
Therese C. Scharlemann, Federal Reserve Board of Governors
12:10 pm
Lunch - Serrano A/ Alexis Gallery
1:30 pm

Renting Hedges Wage Risk

Lee Lockwood, University of Virginia and NBER
Scott R. Baker, Northwestern University and NBER
Lorenz Kueng, Swiss Finance Institute
Pinchuan Ong, National University of Singapore

Discussant:
Todd M. Sinai, University of Pennsylvania and NBER
2:20 pm

Real-Estate Investors, House Prices and Rents: Evidence from Capital-Gains Tax Changes (slides)

Itai Ater, Tel Aviv University
Yael Elster, University of Haifa
Eran Hoffmann, Hebrew University

Discussant:
Charles G. Nathanson, Northwestern University
3:10 pm
Break
3:30 pm

How Well Does Search Theory Explain Housing Prices?

Marie Rekkas, Simon Fraser University
Randall Wright, University of Wisconsin - Madison and NBER
Yu Zhu, Bank of Canada

Discussant:
Adam Guren, Boston University and NBER
4:20 pm

Investments that Make our Homes Greener: The Role of Regulation

Nuno Clara, Duke University
João F. Cocco, London Business School
Lakshmi Naaraayanan, London Business School
Varun Sharma, London Business School

Discussant:
Nancy E. Wallace, University of California, Berkeley
5:10 pm
Break
5:20 pm
Job Market Session

Who Bears Flood Risk? Evidence from Mortgage Markets in Florida

Parinitha R. Sastry, Columbia University

Closing Costs, Refinancing, and Inefficiencies in the Mortgage Market

David Hao Zhang, Rice University
6:00 pm
Adjourn
Thursday, July 28
8:00 am
Coffee and Pastries - Serrano A/ Alexis Gallery
Morning Session Joint with Urban Economics
8:20 am
Job Market Session

The Welfare Effects of Eviction and Homelessness Policies

Boaz Abramson, Columbia University

Housing Policy with Home-Biased Landlords: Evidence from French Rental Markets

Antoine B. Levy, University of California, Berkeley

The Effects of Residential Zoning in U.S. Housing Markets

Jaehee Song, University of Colorado Boulder
9:20 am
Break
9:30 am

The Effects of Urban Renewal Programs on Gentrification and Inequality: Evidence from Chicago Public Housing Demolitions

Milena Almagro, University of Chicago and NBER
Eric Chyn, University of Texas at Austin and NBER
Bryan A. Stuart, Federal Reserve Bank of Philadelphia

Discussant:
Jesse M. Gregory, University of Wisconsin - Madison and NBER
10:20 am

Distinguishing Causes of Neighborhood Racial Change: A Nearest Neighbor Design

Patrick Bayer, Duke University and NBER
Marcus D. Casey, University of Illinois at Chicago
William B. McCartney, University of Virginia
John Orellana-Li, City University of New York
Calvin S. Zhang, Federal Reserve Bank of Philadelphia

Discussant:
Donald R. Davis, Columbia University and NBER
11:10 am
Break
11:30 am

The Impact of Local Fiscal and Migration Policies on Human Capital Accumulation and Inequality in China

Holger Sieg, University of Pennsylvania and NBER
Chamna Yoon, Korea Advanced Institute of Science and Technology
Jipeng Zhang, Shandong University

Discussant:
Melanie Morten, Stanford University and NBER
12:20 pm
Adjourn and Lunch - Serrano A/ Alexis Gallery