NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC. |
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SUMMER INSTITUTE 2008 |
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Economics
of Real Estate & Local Public Finance |
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Christopher Mayer, Todd Sinai,
and Joseph Gyourko, Organizers |
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Royal Sonesta Hotel, Skyline
Suite, West Tower |
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July 22-23, 2008 |
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PROGRAM |
Tuesday, July 22 |
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10:00
am |
LU
HAN, |
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SEUNG
HYUN HONG, |
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Discussant: FRANCOIS ORTALO-MAGNE, University of
Wisconsin-Madison |
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11:00
am |
DeFOREST
McDUFF, |
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Discussant: JOHN QUIGLEY, UC, Berkeley |
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12:00
n |
Lunch |
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1:00
pm |
PATRICK
KLINE, |
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MATIAS
BUSSO, |
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Do
Local Economic Development Programs Work?
Evidence from the Federal Empowerment Zone Program |
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Discussant: MONICA SINGHAL, |
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2:00
pm |
TODD
SINAI, |
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NICHOLAS
SOULELES, |
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Discussant: ERIK HURST, |
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3:00
pm |
Break |
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3:30
pm |
DAVID
RIDLEY, |
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FRANK
SLOAN, |
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YAN
SONG, |
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Discussant: WILLIAM STRANGE, |
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4:30
pm |
Adjourn |
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6:00
pm |
Group
Dinner |
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Legal
Seafoods, |
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Wednesday, July 23 |
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8:00
am |
Coffee
and Pastries |
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8:30
am |
SUMIT
AGARWAL, Federal Reserve Bank of Chicago |
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BRENT
AMBROSE, Pennsylvania State University |
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Does
It Pay to Read Junk Mail? Evidence of the Effect of Advertising on Home
Equity Credit Choices |
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Discussant: DEVIN POPE, University of Pennsylvania |
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9:00
am |
Break |
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10:00
am |
THOMAS
DAVIDOFF, UC, Berkeley |
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Illiquid
Housing as Self-Insurance: The Case of Long-Term Care |
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Discussant: AMY FINKELSTEIN, MIT and NBER |
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11:00
am |
ALBERT
SAIZ, University of Pennsylvania |
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Discussant: EDWARD GLAESER, |
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12:00
n |
Lunch |
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1:00
pm |
CHRISTOPHER
MAYER, |
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TOMASZ
PISKORSKI, |
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ALEXEI
TCHISTYI, |
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The Inefficiency of Refinancing:
Why Prepayment Penalties Are Good for Risky Borrowers |
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Discussant: JEREMY STEIN, |
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2:00
pm |
AMIT
SERU, |
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BENJAMIN
KEYS, |
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TANMOY
MUKHERJEE, Sorin Capital Management |
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VIKRANT
VIG, |
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Did
Securitization Lead to Lax Screening? Evidence From Subprime Loans |
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Discussant: KAREN PENCE, Federal Reserve Board |
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3:00
pm |
Break |
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3:30
pm |
PAUL
WILLEN, Federal Reserve Bank of |
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KRISTOPHER
GERARDI, Federal Reserve Bank of |
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ADAM
HALE SHAPIRO, Federal Reserve Bank of |
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Subprime Outcomes: Risky Mortgages,
Homeownership Experiences, and Foreclosures |
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Discussant: ANDREW HAUGHWOUT, Federal Reserve Bank of |
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4:30
pm |
Adjourn |
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6/10/08 |
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