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Conferences


The Crisis in Real Estate and Its Impact in Public Finance - September 24, 2010

The Federal Reserve Bank of Atlanta's Center for Real Estate Analytics sponsored a conference bringing together academics, policymakers and practitioners to discuss the difficulties posed by the current real estate market for state and local government finance.

Session 1: The Housing Crisis and Local Government Revenue
Moderator
Tom Cunningham, Federal Reserve Bank of Atlanta Research Department

Housing Crisis and State and Local Government Tax Revenue: Five ChannelsPDF logo
Byron Lutz, Economist, Federal Reserve Board of Governors (presenting)
Raven Molloy, Federal Reserve Board of Governors
Hui Shan, Federal Reserve Board of Governors

House Prices and City RevenuesPDF logo  HandoutPDF logo
Keith R. Ihlanfeldt, Director, Devoe Moore Center, and Professor of Economics, Florida State University (presenting)
William M. Doerner, Florida State University

Discussant
Chris Cunningham, Research Economist, Federal Reserve Bank of Atlanta

Session 2: Real Estate and the Pension Problem
Moderator
Scott Hughes, Federal Reserve Bank of Atlanta Bank Supervision and Regulation

The Real Estate Market's Impact on State and Local Pension Plans: Some ObservationsPDF logo
Joseph L. Pagliari Jr., Clinical Professor of Real Estate, Booth School of Business, The University of Chicago

Pensions and Property: Sunnier Days Ahead?PDF logo
Michael Acton, Director of Research and Managing Director, AEW Capital Management

Discussant
Sally Gordon, Managing Director, BlackRock

Session 3
"Painting the Town Red": Cities' Fiscal Position as If It Were 1935PDF logo
Michael A. Pagano, National League of Cities, Dean, College of Urban Planning and Public Affairs, Interim Dean, College of Business Administration, University of Illinois, Chicago

Session 4: Rethinking Tax Revenue: The Georgia Case
Moderator
Chris Cunningham, Research Economist, Federal Reserve Bank of Atlanta

Estimating Georgia's Structural Budget DeficitPDF logo
Carolyn Bourdeaux, Associate Professor at the Fiscal Research Center, Andrew Young School of Policy Studies, Georgia State University; Former Director, Georgia Senate Budget Evaluation Office

Georgia's Tax Structure and Reform IssuesPDF logo
David Sjoquist, Georgia Tax Reform Council, Director of the Fiscal Research Center, Director of Domestic Programs, Professor of Economics at the Andrew Young School of Policy Studies, The Dan E. Sweat Distinguished Chair in Educational and Community Policy

Discussant
Tommy Hills, Treasurer, State of Georgia

 

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