University of Wisconsin-Madison and Federal Reserve Bank of Chicago
Housing- Labor-Macro-Urban Conference
April 9th and 10th at the Chicago Fed


HOTEL:  Club Quarters, 111 West Adams Street, Chicago IL 60603, (312) 601-3333

Chicago Fed:  230 South LaSalle Street, Chicago IL 60604

Need directions from Hotel to Chicago Fed?  Click here.


Need anything?  Call Morris Davis’s cell phone 608 358 0717.


Thursday, 4/08/2010

For those arriving early, we will meet up at the Elephant and Castle, which occupies the ground floor of the hotel.  Unfortunately, I will not be there.  I have to teach until 9pm.  Frown.



Friday, 4/09/2010



8:30am – 8:59am, Registration


8:59am – 9:00am, Opening Remark



·         9:00am – 10:00am, J. Vernon Henderson

China’s Land Market Auctions:  Evidence of Corruption?

(with Hongbin Cai and Qinghua Zhang)

Discussion by Alejandro Badel


·         10:00am – 11:00am, Kamila Sommer
Run-up in the House Price-Rent Ratio: How Much Can Be Explained By Fundamentals?

(with Paul Sullivan and Randal Verbrugge)

Discussion by Jeffrey Campbell


·         11:00am – 12:00pm, Jonas Fisher

Backloaded Mortgages and House Price Appreciation (slides only)

Discussion by Robert F. Martin Carlos Garriga



12:00pm – 1:30pm, Lunch



·         1:30pm – 2:30pm, Gabe Lee

Risk Shocks and Housing Markets
(with Victor Dorofeenko and Kevin D. Salyer)

Discussion by Andreas Hornstein


·         2:30pm – 3:30pm, Gilles Duranton

Productive cities:  Sorting, selection and agglomeration

(with Kristian Behrens and Frederic Robert-Nicoud)

Discussion by Yannis Ioannides



3:30pm – 4:00pm, Break



·         4:00pm – 5:00pm, Todd Sinai

Can Owning a Home Hedge the Risk of Moving?

(with Nicholas S. Souleles)

Discussion by Timothy Riddiough


·         5:00pm – 6:00pm, Xavier Gabaix

The Area and Population of Cities:  New Insights from a Different Perspective on Cities

Discussion by Francois Ortalo-Magne


7:00pm, Dinner (TBD)




Saturday, 4/10/2010


8:00am – 8:30am, Arrival and mingling



·         8:30am – 9:30am, Richard Green

Sunk Costs and Mortgage Default

(with Eric Rosenblatt and Vincent Yao)

Discussion by Paul Willen


·         9:30am – 10:30am, Nate Baum Snow

Understanding the City Size Wage Gap

(with Ronni Pavan)

Discussion by Jordan Rappaport



10:30am – 11:00am, Break



·         11:00am – 12:00pm, Ping Wang

Housing Dynamics:  Theory Behind Empirics

(with Danyang Xie)

Discussion by Erwan Quintin


·         12:00pm – 1:00pm, Carlos Garriga

The role of Construction in the Housing Boom and Bust in Spain

Discussion by Matteo Iacoviello



1:00pm, Depart



Directions from Hotel to FR Chicago