Federal Reserve Bank of Atlanta
1000 Peachtree Street, NE
Atlanta, Georgia 30309
The Federal Reserve Bank of Atlanta and the Georgia State University Department of Real Estate are hosting a two-day real estate finance conference on November 30–December 1, 2017. The conference will be on real estate finance broadly defined, including topics on both residential and commercial markets. The conference aims to bring together researchers and policymakers who work on these issues to explore recent advances in the field, to increase awareness of the subject, and to influence policy making by regulators and central banks.
Agenda
| Thursday, November 30, 2017 | |
| Continental breakfast | |
| 8:20 | Welcome and opening remarks Dean Phillips, J. Mack Robinson College of Business at Georgia State University |
| 8:30 | Session 1: RMBS Market Chair: Vincent Yao, Georgia State Unversity |
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"Information Asymmetry in Private-Label Mortgage Securitization: Evidence from Allocations to Affiliated Funds" Brent Ambrose, Pennsylvania State University Moussa Diop, University of Wisconsin Walter D'Lima, University of Notre Dame Mark Thibodeau, Pennsylvania State University Discussant: Rohan Ganduri, Emory University |
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"Market Dynamics Among the ABX Index, Credit Default Swaps, and Mortgage-Backed Bonds" Michael Imerman, Lehigh University Joe Mason, Louisiana State University Rajesh Narayanan, Louisiana State University Meredith Rhodes, Louisiana State University Discussant: Feng Zhao, University of Texas–Dallas |
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| 10:00 | Break |
| 10:30 | Session 2: Government Intervention in the Mortgage Market Chair: Scott Frame, Federal Reserve Bank of Atlanta |
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"Pockets of Poverty: The Long-Term Effects of Redlining" Ian Appel, Boston College Jordan Nickerson, Boston College Discussant: Bhash Mazumder, Federal Reserve Bank of Chicago |
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"The Effect of Government Mortgage Guarantees on Home Buying and Home Ownership" Serafin Grundl, Federal Reserve Board You Suk Kim, Federal Reserve Board Discussant: Felipe Severino, Dartmouth College |
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| Lunch | |
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Session 3: Technological and Measurement Advances Chair: Shane Sherlund, Federal Reserve Board |
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"Highly Disaggregated Topological Land Unavailability" Chandler Lutz, Copenhagen Business School Ben Sand, York University Discussant: Chris Foote, Federal Reserve Bank of Boston |
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"The Role of Technology in Mortgage Lending" Andreas Fuster, Federal Reserve Bank of New York Matthew Plosser, Federal Reserve Bank of New York Philip Schnabl, New York University James Vickery, Federal Reserve Bank of New York Discussant: Sudheer Chava, Georgia Tech |
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| 2:30 | Break |
| 3:00 |
Session 4: Foreclosure Mitigation Chair: Jim Conklin, University of Georgia |
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"Foreclosure Moratorium and Strategic Default" Nikolaos Artavanis, University of Massachusetts Ioannis Spyridopoulos, American University Discussant: Paul Willen, Federal Reserve Bank of Boston |
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| "A Shortage of Short Sales: Explaining Under-Utilization of a Foreclosure Alternative" Calvin Zhang, Federal Reserve Bank of Philadelphia Discussant: Geng Li, Federal Reserve Board |
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| 4:30 | Break |
| 4:45 | Session 4 (Continued) |
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"Financial Fragility with SAM?" Daniel Greenwald, Massachusetts Institute of Technology Tim Landvoigt, University of Pennsylvania Stijn Van Nieuwerburgh, New York University Discussant: Jiro Yoshida, Pennsylvania State University |
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| 5:30 | Adjournment and reception |
| 7:00 | Conference dinner (Hudson Grille) |
| Friday, December 1, 2017 | |
| 8:00 a.m. | Continental breakfast |
| 8:30 | Session 5: Speculative Activity, Financial Stability and the Mortgage Market Chair: Kristopher Gerardi, Federal Reserve Bank of Atlanta |
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"The Price to Rent Ratio: A Macroprudential Application" Sophia Gilbukh, Federal Reserve Bank of New York Andrew Haughwout, Federal Reserve Bank of New York Joseph Tracy, Federal Reserve Bank of Dallas Discussant: Sam Kruger, University of Texas–Austin |
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"Economic Consequences of Housing Speculation" Zhenyu Gao, Chinese University of Hong Kong Michael Sockin, University of Texas Wei Xiong, Princeton University Discussant: Charles Nathanson, Northwestern University |
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| 10:00 | Break |
| 10:30 | Session 6: Borrower Behavior in Mortgage Markets Chair: Gonzalo Maturana, Emory University |
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"Responses to Saving Commitments: Evidence from Mortgage Run-offs" Steffen Andersen, Copenhagen Business School Philippe D'Astous, HEC Montreal Jimmy Martinez-Correa, Copenhagen Business School Stephen Shore, Georgia State University Discussant: Benjamin Keys, University of Pennsylvania |
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"'I'll Have What She's Having': Identifying Social Influence in Household Mortgage Decisions" W. Benedict McCartney, Duke University Avni Shah, University of Toronto Discussant: Kyle Mangum, Georgia State University |
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| Noon | Lunch Keynote delivered by Egbert Perry |
| 1:30 p.m. |
Session 7: Commercial Real Estate Chair: Jon Wiley, Georgia State University |
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"There's No Place Like Home: Local Asset Concertation, Information Asymmetries, and Commercial Real Estate Returns" David Ling, University of Florida Andy Naranjo, University of Florida Benjamin Scheick, Villanova University Discussant: Brad Case, National Association of Real Estate Investment Trusts (NAREIT) |
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"Learning the Hard Way? Hurricanes and Commercial Real Estate Values" Piet Eichholtz, Maastricht University Eva Steiner, Cornell University Erkan Yonder, Ozyegin University Discussant: Shane Sherlund, Federal Reserve Board |
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