Program
Monday, August 20, 2012
08:30 Coffee and welcome
09:00-12:30 “The Energy Efficiency Challenges of US Commercial Real Estate”
Nancy Wallace, UC Berkeley
"Yes, Academic Real Estate Has Practical Applications"
Joseph Williams, Professors Capital
Coffee break
"Fundamental Lessons from the Subprime Mortgage Crisis"
Dwight Jaffee, UC Berkeley
12:30-14:00 Lunch
14:00-16:30 "Early Mortgage Securitization and Real Estate Speculation"
William Goetzmann, Yale University
Coffee break
“Housing Bubbles”
Christopher Mayer, Columbia University
16:30 Panel discussion: China, Spain, Sweden, and the US:
Housing Bubbles or Just Extreme Fundamentals?
Panelists: Mei Jianping, CKGSB; Christopher Mayer, Columbia University; Peter Englund, Stockholm School of Economics; José García-Montalvo, Universitat Pompeu Fabra; Peter Leimdörfer, Leimdörfer Partners
17:30 Concluding remarks
Conference Program, Tuesday, August 21, 2012
08:30 Coffee
09:00-09:45 “Hot and Cold Housing Markets”
Joseph Williams, Professors Capital
Discussant: Jungsuk Han, Stockholm School of Economics
09:45-10:30 “A Model of Mortgage Default”
Joao Cocco, London Business School
Discussant: Roine Vestman, Stockholm University
10:30-11:00 Coffee
11:00-11:45 “Estimating Loan-to-Value and Foreclosure Behavior”
Morten Sorensen, Columbia University
Discussant: Mei Jianping, CKGSB
11:45-12:30 ”Credit Supply and the Price of Housing”
Giovanni Favara, International Monetary Fund
Discussant: Augustin Landier, Toulouse School of Economics
12:30-13:30 Lunch
13:30-14:15 “Do Loan Officers’ Incentives Lead to Lax Lending Standards?”
Itzhak Ben-David, Ohio State University
Discussant: Kasper Roszbach, Sveriges Riksbank
14:15-15:00 “Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?”
Andra Ghent, Arizona State University
Discussant: José García Montalvo, Universitat Pompeu Fabra
15:00 Closing of conference