Conference on Housing Affordability
A unique opportunity to meet leading Kellogg-Recanati Faculty
Monday & Tuesday, July 11-12, 2016
Alrov Institute for Real Estate Research
Coller School of Management
Tel Aviv University, Israel
(Attendance is by invitation only)
Presented by American Enterprise Institute, Bank of Israel, Board of Governors of the Federal Reserve System, Tel Aviv University, and UCLA
AGENDA
Monday, July 11, 2016
8:00 A.M. SHUTTLE FROM HOTEL TO TEL AVIV UNIVERSITY
8:20 A.M. CONTINENTAL BREAKFAST
8:30 A.M. WELCOMING REMARKS
8:45 A.M. SESSION ONE: HOW DOES MORTGAGE CREDIT AFFECT HOUSING AFFORDABILITY?
CHAIR: STEPHEN OLINER, AMERICAN ENTERPRISE INSTITUTE AND UCLA ZIMAN CENTER
The Effects of Mortgage Credit Availability: Evidence from Minimum Credit-Score Lending Rules
Steven Laufer*, Board of Governors of the Federal Reserve System
Andrew Paciorek, Board of Governors of the Federal Reserve System
DISCUSSANT: Paul Calem, Federal Reserve Bank of Philadelphia
Making Homeownership More Accessible Using Fixed-COFI Mortgages
Wayne Passmore, Board of Governors of the Federal Reserve System
DISCUSSANT: Paul Willen, Federal Reserve Bank of Boston
10:45 A.M. BREAK (30 minutes)
11:15 A.M. KEYNOTE PRESENTATION: Dr. Karnit Flug, Governor of the Bank of Israel
12:15 P.M. LUNCH
1:45 P.M. SESSION TWO: HOW DOES GOVERNMENT POLICY AFFECT HOUSE PRICES AND SUPPLY?
CHAIR: ROBERT EDELSTEIN, UNIVERSITY OF CALIFORNIA, BERKELEY
A Crisis of Missed Opportunities? Mortgage Modification During the Great Recession
Stuart Gabriel*, University of California, Los Angeles
Matteo Iacoviello, Board of Governors of the Federal Reserve System
Chandler Lutz, Copenhagen Business School
DISCUSSANT: Joseph Tracy, Federal Reserve Bank of New York
Is Anybody Home? The Impact and Taxation of Non-Resident Buyers
Michael Suher, New York University
DISCUSSANT: Itai Ater, Tel Aviv University
3:45 P.M. CONFERENCE ADJOURNMENT
MONDAY EVENING
6:00 P.M. A short walk along the Mediterranean Sea (Meeting at hotel lobby)
7:00 P.M. Dinner
Tuesday, July 12, 2016
8:00 A.M. SHUTTLE FROM HOTEL TO TEL AVIV UNIVERSITY
8:20 A.M. CONTINENTAL BREAKFAST
8:45 A.M. SESSION THREE: HOW DOES HOUSING AFFORDABILITY INFLUENCE CHILD DEVELOPMENT?
CHAIR: DIANA HANCOCK, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Neighborhood Choices and Neighborhood Effects
Morris A. Davis*, Rutgers University
Jesse Gregory, University of Wisconsin, Madison
Daniel A. Hartley, Federal Reserve Bank of Chicago
Kegon T. K. Tan, University of Wisconsin, Madison
DISCUSSANT: Edward Coulson, University of Nevada, Las Vegas
Keren Mertens Horn*, University of Massachusetts, Boston
Ingrid Gould Ellen, New York University
Amy Ellen Schwartz, Syracuse University and New York University
DISCUSSANT: Jesse Gregory, University of Wisconsin, Madison
10:45 A.M. BREAK (15 minutes)
11:00 P.M. SESSION FOUR: HOW DO TAX AND VOUCHER POLICIES INFLUENCE HOUSING SUPPLY FOR RENTERS?
CHAIR: DANNY BEN-SHAHAR, TEL AVIV UNIVERSITY
Fair Market Rent and the Distribution of Rents in Los Angeles, 2006-2015
Daniel McMillen*, University of Illinois
Ruchi Singh, University of Illinois
DISCUSSANT: David Genesove, The Hebrew University of Jerusalem
Difficult Development Areas and the Supply of Low-Income Housing Tax Credit Units
Michael D. Eriksen, University of Cincinnati
DISCUSSANT: Naomi Hausman, The Hebrew University of Jerusalem
1:15 P.M. KEYNOTE PRESENTATION & LUNCH
Edward Glaeser, Harvard University
2:45 P.M. PANEL ON HOUSING AFFORDABILITY: THE ISRAELI EXPERIENCE
CHAIR: NATHAN SUSSMAN, BANK OF ISRAEL
Manuel Trajtenberg, Tel Aviv University and Knesset Member
Danny Ben-Shahar, Tel Aviv University
Kobi Braude, Bank of Israel
Michael Beenstock, The Hebrew University of Jerusalem
4:00 P.M. CONFERENCE ADJOURNMENT
TUESDAY EVENING
7:00 P.M. Dinner
Wednesday, July 13, 2016
8:30 A.M. Excursion to Jerusalem (Leaving from hotel lobby)
*Presenting Author
Conference Organizing Committee:
Danny Ben-Shahar, Tel Aviv University
Stuart Gabriel, UCLA
Diana Hancock, Board of Governors of the Federal Reserve System
Stephen Oliner, American Enterprise Institute and UCLA
Wayne Passmore, Board of Governors of the Federal Reserve System
Nathan Sussman, Bank of Israel
Conference Program Committee:
Zahi Ben-David, Ohio State University
Danny Ben-Shahar, Tel Aviv University
Raphael Bostic, USC
Tom Davidoff, University of British Columbia
Yongheng Deng, National University of Singapore
Ingrid Gould Ellen, NYU
Scott Frame, Federal Reserve Bank of Atlanta
Stuart Gabriel, UCLA
Mark Garmaise, UCLA
David Genesove, Hebrew University of Jerusalem
Diana Hancock, Board of Governors of the Federal Reserve System
Barney Hartman-Glaser, UCLA
Matthew Kahn, UCLA
John Krainer, Federal Reserve Bank of San Francisco
Raven Molloy, Board of Governors of the Federal Reserve System
Stephen Oliner, American Enterprise Institute and UCLA
Wayne Passmore, Board of Governors of the Federal Reserve System
Stuart Rosenthal, Syracuse University
David Scharfstein, Harvard University
Shane Sherlund, Board of Governors of the Federal Reserve System
Tsur Somerville, University of British Columbia
Nathan Sussman, Bank of Israel
Joseph Tracy, Federal Reserve Bank of New York
Susan Wachter, University of Pennsylvania
