Morris A. Davis

 

 

Links:

·   Bio

·   Curriculum Vitae

·   Research

·   Senate Testimony

·   Facebook:
Pilot (band) page
Personal page

 

 

 

 

 

 

 

 

Department of Real Estate and Urban Land Economics

Wisconsin School of Business

Grainger Hall #5261

975 University Avenue

Madison, WI 53706-1323

US Voice and Fax: (+1) 608 262-8775

Email:  mdavis at bus.wisc.edu

 

Current affiliations beyond the Wisconsin School of Business:

 

·         Faculty Affiliate, The Robert M. La Follette School of Public Affairs
University of Wisconsin-Madison

 

·         Fellow of the Lincoln Institute of Land Policy
(click here to see my U.S. land and housing data on the Lincoln Institute Web Site)

 

·         Visiting scholar at the American Enterprise Institute

 

·         Member of the Academic Advisory Council of the Federal Reserve Bank of Chicago

 

·         Independent Member of the Board of Directors of

American Capital Agency Corporation (ticker AGNC)
American Capital Mortgage Investment Corporation (ticker MTGE)

 

 

 

 

 

Research

 

 

Academic Papers on Housing and Macroeconomics
(click on title to view paper)

 

Title

With

Last Updated

Latest Version

Additional Material

Macroeconomic Implications of Agglomeration

Jonas D.M. Fisher and Toni M. Whited

Mar. 2013

 

·      Supplementary text

·      Programs & Data (zip)

·      Model Solution (zip)

Homework in Monetary Economics:  Inflation, Home Production, and the Production of Homes

S. Borağan Aruoba and Randall Wright

Feb. 2013

 

Questioning Homeownership as a Public Policy Goal

 

May 2012

Cato Institute Policy Analysis Paper No. 696

 

The Role of Housing in Labor Reallocation

Jonas D.M. Fisher and Marcelo Veracierto

Nov. 2010

FRB of Chicago working paper, 2010-18

Housing and the Business Cycle
(Palgrave entry)

Sep. 2010

New Palgrave Dictionary of Economics Online

·      Online version

Reflections on the Foreclosure Crisis

Jun. 2010

Land Lines (publication of the Lincoln Institute of Land Policy)

·      Online version

Discussion of “Endogenous Gentrification and Housing Price Dynamics

Feb. 2010

Prepared for the 2010-02 EFG Meetings in San Francisco

Household Expenditures, Wages, Rents

François Ortalo-Magné

Dec. 2009

Review of Economic Dynamics, 2011, vol. 14 (2), p. 248-261

·     Data

What Moves Housing Markets:  A Variance Decomposition of the Rent-Price Ratio

Sean D. Campbell, Joshua Gallin, and Robert F. Martin

Jun. 2009

Journal of Urban Economics, 2009, vol. 66 (2), p. 90-102 

·     Data (2007:H2)

Housing, Home Production, and the Equity and Value Premium Puzzles

Robert F. Martin

Apr. 2009

Journal of Housing Economics, 2009, vol. 18 (2), p. 81-91

The Price and Quantity of Land by Legal Form of Organization in the United States

Dec. 2008

Regional Science and Urban Economics, 2009, vol. 39 (3), p. 350-359

·      Data (2007:Q4)

The Rent-Price Ratio for the Aggregate Stock of Owner-Occupied Housing

Andreas Lehnert and Robert F. Martin

Dec. 2007

Review of Income and Wealth, 2008, vol. 54 (2), p. 279-284

·     Data

·     Articles: The Economist,  Wall Street Journal, Reuters

·     Blogs:  Greg Ip #1, Greg Ip #2, my full response

What’s Really Happening in Housing Markets?

François Ortalo-Magné and Peter Rupert

Jul. 2007

Economic Commentary, Federal Reserve Bank of Cleveland, 2007-07

 

The Price and Quantity of Residential Land in the United States

Jonathan Heathcote

Jun. 2007

Journal of Monetary Economics, 2007, vol. 54 (8), p. 2595-2620

·     Data and Appendix

The Price of Residential Land in Large U.S. Cities

Michael G. Palumbo

Feb. 2007

Journal of Urban Economics, 2008, vol. 63 (1), p. 352-384

·     Data

·     Articles:  Christian Science Monitor, WSJ.com

Housing and the Business Cycle

Jonathan Heathcote

Nov. 2003

International Economic Review, 2005, vol. 46 (3), p. 751-784

·     Data (Oct. 2002)

·     Data Appendix (Oct. 2002, out of date)

A Primer on the Economics and Time Series Econometrics of Wealth Effects

Michael G. Palumbo

Jan. 2001

FEDS working paper, 2001-09

 

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Other Academic Papers

 

Title

With

Last Updated

Latest Version

Additional Material

The Insurance, Health, and Savings Decisions of Elderly Women Living Alone

 

Feb. 2006

Here

·      Old version (dissertation):  Aug. 1998

A Stochastic Dynamic Model of the Mental Health of Children

E. Michael Foster

Jan. 2003

International Economic Review, 2005, vol. 46 (3), p. 837-866

·    Old version:  July 1999

 

 

 

 

Bio

 

Morris A. Davis is the Academic Director of the James A. Graaskamp Center for Real Estate and is the James A. Graaskamp Chair of Real Estate in the Department of Real Estate and Urban Land Economics at the University of Wisconsin-Madison, where he has worked since September, 2006.  Dr. Davis is a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago, is a Fellow of the Lincoln Institute of Land Policy, is a visiting scholar at the American Enterprise Institute, and is an independent director of the American Capital Agency Corporation (ticker:  AGNC) and American Capital Mortgage Investment Corporation (ticker: MTGE) mortgage REITs.  Earlier in his career, Dr. Davis was an economist at the Federal Reserve Board.  Dr. Davis is widely published on issues related to the U.S. housing markets and has developed price indexes for land in residential use.  Davis is a frequent lecturer at Universities and Central Banks around the world and he holds a Ph.D. in Economics from the University of Pennsylvania.