| Thursday, December 12 |
| 8:30 a.m. |
Registration and continental breakfast |
| 9:00 |
Welcoming remarks
Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta
Dean Richard Phillips, J. Mack Robinson College of Business, Georgia State University |
| 9:15 |
Session 1: MBS Market
Chair: Jim Conklin, University of Georgia
"Informational Efficiency in Securitization After Dodd-Frank" 
Presenter: Sean J. Flynn Jr., Colorado State University
Andra Ghent, University of North Carolina
Alexei Tchistyi, University of Illinois-Urbana-Champaign
Discussant: Sam Kruger, University of Texas
"Neglected Risks in the Communication of the Mortgage-Backed Securities Offering Process"
Presenter: Feng Zhao, University of Texas
Harold H. Zhang, University of Texas
Xiaofei Zhao, University of Texas
Discussant: Darren Aiello, Brigham Young University |
| 10:45 |
Break |
| 11:00 |
Session 2: Liquidity in the Housing Market: Markups and Financial Intermediaries
Chair: Kristopher Gerardi, Federal Reserve Bank of Atlanta
"House Price Markups and Mortgage Defaults"
Presenter: William D. Larson, Federal Housing Finance Agency
Paul E. Carrillo, George Washington University
William M. Doerner, Federal Housing Finance Agency
Discussant: Neil Bhutta, Board of Governors of the Federal Reserve System
"Tracing the Source of Liquidity for Distressed Housing Markets"
Presenter: Rohan Ganduri, Emory University
Steven Chong Xiao, University of Texas at Dallas
Serena Wenjing Xiao, University of Texas at Dallas
Discussant: Raven Molloy, Board of Governors of the Federal Reserve System |
| 12:30 p.m. |
Lunch |
| 1:30 |
Session 3: Access to Housing for Marginalized Populations
Chair: Ann Carpenter, Federal Reserve Bank of Atlanta
"The Economic Impacts of Help to Buy"
Presenter: Felipe Carozzi, London School of Economics & Centre for Economic Performance
Christian Hilber, London School of Economics & Centre for Economic Performance
Xiaolun Yu, London School of Economics
Discussant: Ruchi Singh, University of Georgia
"Landlords and Access to Opportunity"
Presenter: Hal Martin, Federal Reserve Bank of Cleveland
Dionissi Aliprantis, Federal Reserve Bank of Cleveland
David Phillips, University of Notre Dame
Discussant: Jane Dokko, Federal Reserve Bank of Chicago
"Long Shadow of Racial Discrimination: Evidence from Housing Covenants in Minneapolis"
Presenter: Aradhya Sood, University of Minnesota
William Speagle, University of Minnesota
Kevin Erhman-Solberg, University of Minnesota
Discussant: Jorge de la Roca, University of Southern California |
| 3:45 |
Break |
| 4:00 |
Session 4: Housing Supply
Chair: Chris Cunningham, Federal Reserve Bank of Atlanta
"The Microgeography of Housing Supply"
Presenter: Lu Han, University of Toronto
Nathaniel Baum-Snow, University of Toronto
Discussant: Chris Foote, Federal Reserve Bank of Boston
"Housing Supply and Affordability"
Presenter: Andrew Paciorek, Federal Reserve Board
Raven Molloy, Federal Reserve Board
Charles G. Nathanson, Northwestern University
Discussant: William Mann, Emory University |
| 5:30 |
Reception |
| 7:00 |
Off-site Conference Dinner
Sponsored by the Center for the Economic Analysis of Risk (CEAR) at Georgia State University
For conference organizers, paper presenters, discussants, and session chairs only
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| Friday, December 13 |
| 8:00 a.m. |
Continental breakfast |
| 8:30 |
Session 5: House Price Indices: Measurement and Implications
Chair: Jon Wiley, Georgia State University
"Quality-Adjusted House Price Indexes"
Presenter: Patrick Smith, San Diego State University
Adam Nowak, West Virginia University
Discussant: Doug McManus, Freddie Mac
"A Price Index for Residential Real Estate from 1866–1953 in Baltimore"
Presenter: Jonathan Rose, Federal Reserve Bank of Chicago
Discussant: Brent Ambrose, Pennsylvania State University |
| 10:00 |
Break |
| 10:15 |
Session 6: Government Intervention in the Housing Market
Chair: W. Scott Frame, Federal Reserve Bank of Dallas
"The Effect of LTV-based Risk Weights on Housing Prices: Evidence from an Israeli Macroprudential Policy"
Presenter: Nitzan Tzur-Ilan, Northwestern University
Steven Laufer, Board of Governors of the Federal Reserve System
Discussant: James Vickery, Federal Reserve Bank of Philadelphia
"The Propagation of Demand Shocks through Housing Markets"
Presenter: Elliot Anenberg, Board of Governors of the Federal Reserve System
Dan Ringo, Board of Governors of the Federal Reserve System
Discussant: Stephanie Johnson, Rice University |
| 11:45 |
Lunch |
| 1:00 p.m. |
Session 7: Housing Booms and Busts
Chair: Steven Shore, Georgia State University
"The Price-Rent Ratio During the Boom and Bust: Measurement and Implications"
Presenter: Paul S. Willen, Federal Reserve Bank of Boston
Jaclene Begley, Fannie Mae
Lara Loewenstein, Federal Reserve Bank of Cleveland
Discussant: Jonathan Halket, Texas A&M University
"Dream Chasers: House Price Booms and the Misallocation of Human Capital"
Presenter: Peter Haslag, Vanderbilt University
Taylor A. Begley, Washington University in St. Louis
Daniel Weagley, Georgia Institute of Technology
Discussant: Joe Tracy, Federal Reserve Bank of Dallas |
| 2:30 |
Closing remarks
Paula Tkac, Senior Vice President and Associate Director of Research, Federal Reserve Bank of Atlanta
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