The Guthrie Center Housing and Macroeconomics Conference

Consumer finance and new technologies: research and practice


The Guthrie Center for Real Estate Research at the Kellogg School of Management is pleased to host the Fall 2018 Housing and Macroeconomics conference on Friday September 21, 2018.  The conference will bring together scholars from the Chicago area to discuss topics related to housing markets and macroeconomics. The meeting is organized by Effi Benmelech, Harold L. Stuart Professor of Finance & Director of the Guthrie Center for Real Estate Research, and will be held in Kellogg's Global Hub.

The mission of the Guthrie Center for Real Estate Research is to provide students with cutting-edge and academically-sound tools and knowledge that will prepare them for leadership positions in the real estate industry and to create and foster research on urban economics, real estate markets and public policies pertaining to real estate.

September 21, 2018


If you are interested in attending the conference, please register below.



Contact
If you have questions about the conference, please reach out to the conference organizer.

Efraim Benmelech
Harold L. Stuart Professor of Finance
Director of the Guthrie Center for Real Estate Research
Email

Images from the Conference

Please see a selection of photographs that were taken at the conference. To access all photographs taken, please download those here.
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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

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Scenes from the conference

Conference Agenda


Friday, September 21, 2018

Time Event Location
8:00 a.m.
Breakfast & Registration
Faculty Summit
8:30 a.m. - 9:15 a.m.
State Dependency and the Efficacy of Monetary Policy: The Refinancing Channel
Martin Eichenbaum, Northwestern University
Sergio Rebelo, Northwestern University
Arlene Wong, Princeton University
Seminar Room 4101
9:15 a.m. - 10:00 a.m.
Bank Balance Sheet Capacity and the Limits of Shadow Banks
Greg Buchak, University of Chicago
Gregor Matvos, University of Texas Austin
Tomasz Piskorski, Columbia University
Amit Seru, Stanford University
Seminar Room 4101
10:00 a.m. - 10:15 a.m.
Break
Faculty Summit
10:15 a.m. - 11:00 a.m. 
Credit Supply and Housing Speculation
Atif Mian, Princeton University
Amir Sufi, University of Chicago
Seminar Room 4101
11:00 a.m. - 11:15 a.m.
Break
Faculty Summit
11:15 a.m. - 12:00 p.m. 
Dollar Safety and the Global Financial Cycle
Arvind Krishnamurthy, Stanford University
Hanno Lustig, Stanford University
Zhengyang Jiang, Northwestern University 
Seminar Room 4101
12:00 p.m. - 1:00 p.m. 
Lunch 
TBD
1:00 p.m. - 1:45 p.m. 
Liquidity vs. Wealth in Household Debt Obligations: Evidence from Housing Policy in the Great Recession
Pascal Noel, University of Chicago
Peter Ganong, University of Chicago
Seminar Room 4101
1:45 p.m. - 2:00 p.m. 
Break
Faculty Summit 
2:00 p.m. - 2:45 p.m. 
No Job, No Money, No Refi: Frictions to Refinancing in a Recession
Anthony DeFusco, Northwestern University
John Mondragon, Northwestern University
Seminar Room 4101
2:45 p.m. - 3:30 p.m. 
Mortgage Prepayment and Path-Dependent Effects of Monetary Policy 
David Berger, Northwestern University
Konstantin Milbradt, Northwestern University
Fabrice Tourre, Northwestern University 
Joseph Vavra, University of Chicago
Seminar Room 4101
3:30 p.m. 
Closing Remarks
Seminar Room 4101
mosaic bar

Logistics

Getting Here & Parking

Air
Major airlines fly into both O’Hare International Airport and Midway International Airport. O’Hare Airport is approximately 45 minutes from Kellogg and Midway Airport is approximately 60 minutes from Kellogg, but you may want to allow more time for traffic.

Taxi
Taxi service from both airports can be arranged in advance of your visit for a reduced fare. Pre-arranged rides start at approximately $35 from O’Hare and $50 from Midway. For up-to-date fare information, please contact a taxi service directly. 
Parking 
We are happy to provide a parking permit for visitors that drive to campus. Upon arriving, park the North Campus Parking Garage (2311 North Campus Drive.) Before leaving campus make sure to ask the staff for a validated parking ticket to exit the garage.

Where to Stay

Kellogg has secured a room block at a group rate at the Hilton Orrington/Evanston.  To make a reservation, please call the Hilton Central Reservations at 1-800-HILTONS (I-800-445-8667) and identify yourself as being with the "Housing Macroeconomics Conference".  The group rate is $199/night.  Attendees can also make reservations on our website at www.orringtonevanston.hilton.com by entering the code HMACRO in the box marked "Group/ Convention Code."

Public Transportation

The Chicago Transit Authority (CTA) maintains an extensive system of elevated trains (also known as “the L”) and buses throughout Chicago and Evanston. The train stop closest to Kellogg is the Purple Line Foster stop on Church and Davis Streets. The 201 bus departs from the Howard St. terminal and stops on the corner of Foster and Sheridan.

Be advised, while inexpensive, taking the CTA from the airport can take up to 90 minutes and requires transferring trains.