NBER-SAIF Research Conference on Real Estate Markets and Housing Finance in China
James M. Poterba and Hong Yan, Organizers
May 20-21, 2021
| Thursday, May 20 | ||||
| Format: Authors will have twenty minutes to present their papers, discussants will have eight minutes for remarks, and there will be seven minutes for general discussion. | ||||
| 8:00 pm |
Opening Remarks: Chun Chang, Professor of Finance and Executive Dean, Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University James Poterba, President of NBER and Mitsui Professor of Economics at Massachusetts Institute of Technology |
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Session I Chair: Hong Yan, Professor of Finance and Deputy Dean, Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University |
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| 8:15 pm |
Joseph Gyourko, University of Pennsylvania and NBER Xiaodan Wang, Tsinghua University Jing Wu, Tsinghua University Rongjie Zhang, Tsinghua University Hukou and Homeownership Premiums: A Study of Chinese Price-to-Rent Ratios
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| 8:50 pm |
Kaiji Chen, Emory University Qing Wang, Southwest University of Finance and Economics Tong Xu, Southwestern University of Finance and Economics Tao Zha, Emory University and NBER Aggregate and Distributional Impacts of LTV Policy: Evidence from China
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| 9:25 pm |
Hanming Fang, University of Pennsylvania and NBER Jing Wu, Tsinghua University Vincent Yao, Georgia State University Property Right Uncertainty, Prices, and Speculation: Evidence from China's Housing Market
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| 10:00 pm | Break | |||
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Session II Chair: James Poterba, President of NBER and Mitsui Professor of Economics at Massachusetts Institute of Technology |
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| 10:10 pm |
Yinglu Deng, Tsinghua University Li Liao, Tsinghua University Jiaheng Yu, MIT Sloan School of Management Yu Zhang, Peking University Capital Leakage, House Prices, and Consumer Spending: Quasi-Experimental Evidence from House Purchase Restriction Spillovers
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| 10:45 pm |
Keynote Address: Hui Shan, Chief China Economist, Goldman Sachs Research |
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| 11:30 pm | Adjourn | |||
| Friday, May 21 | ||||
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Session III Chair: Hanming Fang, University of Pennsylvania and NBER |
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| 8:00 am |
Wenlan Qian, National University of Singapore Hong Tu, Nankai University Jing Wu, Tsinghua University Weibiao Xu, Nankai University Unintended Consequences of Demand-side Housing Policies: Evidence from Household Reallocation of Capital
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| 8:35 am |
Shenzhe Jiang, Beijing University Jianjun Miao, Boston University Yuzhe Zhang, Texas A&M University China's Housing Bubble, Infrastructure Investment, and Economic Growth
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| 9:10 am |
Mark Rosenzweig, Yale University and NBER Junsen Zhang, Chinese University of Hong Kong Housing Prices, Inter-Generational Co-Residence, and “Excess” Savings by the Young: Evidence using Chinese Data
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| 9:45 am | Break | |||
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Session IV Chair: Shang-Jin Wei, Columbia University and NBER |
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| 10:00 am |
Sheridan Titman, University of Texas at Austin and NBER Guozhong Zhu, University of Alberta City Characteristics, Land Prices and Volatility
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| 10:35 am |
Yongheng Deng, Wisconsin School of Business Yang Tang, Nanyang Technological University, Singapore Ping Wang, Washington University in St. Louis and NBER Jing Wu, Tsinghua University Spatial Misallocation in Housing and Land Markets: Evidence from China
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| 11:10 am |
Closing Remarks: Jiang Wang, MIT and NBER and SAIF (Chair, Academic Advisory Council) James Poterba, MIT and NBER |
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| 11:30 am | Adjourn | |||