Federal Reserve Bank of Chicago and University of Wisconsin-Madison
Housing- Urban-Labor-Macro (HULM) Conference
October 14th and 15th 2011 at the Chicago Fed



Questions?  Call/Text Erwan at 608 957 6781 or email equintin@bus.wisc.edu.




For a list of attendees, click here

2011 Spring Conference Sponsors (THANK YOU!)

·         Federal Reserve Bank of Chicago

·         Wisconsin School of Business, Department of Real Estate and Urban Land Economics

Previous HULM Conferences

·         2011 Spring @ Federal Reserve Bank of Atlanta

·         2010 Fall @ Federal Reserve Bank of St. Louis

·         2010 Spring @ Federal Reserve Bank of Chicago

·         2009 Fall @ Federal Reserve Bank of Atlanta

Next HULM Conferences

·         2012 Spring @ Federal Reserve Bank of Boston



Conference Agenda:


Friday, October 14th


8:00am – 8:55am, Registration


8:55am – 9:00am, Opening Remarks


9:00am – 10:00am, Sergio Rebelo, Northwestern University

      Understanding Booms and Busts in Housing Markets (with Craig Burnside and Martin Eichenbaum)

Discussion by Jose Fillat


10:00am – 11:00am, Ulf von Lilienfeld-Toal, Stockholm School of Economics

      How Did the US Housing Slump Begin? The Role of the 2005 Bankruptcy Reform (with Dilip Mookherjee)

Discussion by Tim Riddiough


11:00am – 12:00pm, Wilbert van der Klaauw, New-York Fed

Real Estate Investors, the Leverage Cycle and the Housing Market Crisis (with Andrew Haughwout, Donghoon Lee and Joseph Tracy)

Discussion by Richard Rosen


12:00pm – 1:30pm, Lunch 


1:30pm – 2:30pm, Theodore Papageorgiou, Penn State University

      Worker Sorting and Agglomeration Economies

Discussion by Nathaniel Baum-Snow


2:30pm – 3:30pm, Jonathan Halket, University College London

Do Households Use Homeownership To Insure Themselves? Evidence Across U.S. Cities (with Michael Amior)
Discussion by Carles Vergara Alert


3:30pm – 4:00pm, Break


4:00pm – 5:00pm,  Morris Davis, Wisconsin School of Business

      Homework in Monetary Economics:  Inflation, Home Production, and the Production of Homes  (with Boragan Aruoba and Randall Wright)

Discussion by Marcelo Veracierto


5:00pm – 6:00pm, Randy Wright, University of Wisconsin

      Housing and Liquidity (with Chao He, Guillaume Rocheteau and Yu Zhu)

Discussion by Derek Stacey




7:00pm, Dinner, at Greek Islands Restaurant.

Sponsored by the University of Wisconsin’s Real Estate Department 



Saturday, October 15th


8:00am – 8:30am, Continental Breakfast


8:30am – 9:30am, Jordan Rappoport, Kansas City Fed

The Settlement of the U.S., 1790 to 2000: The Emergence of Gibrat's Law (with Klaus Desmet)

Discussion by Ed Coulson


 9:30am – 10:30am, Kristian Berhens, Université du Québec à Montréal

      Spatial Frictions (with Giordano Mion, Yasusada Murata and Jens Sudekum)

Discussion by David Frame


10:30am – 11:00am, Break


11:00am – 12:00pm, Albert Saiz, Wharton

      Interest Rates and Non-Fundamental Fluctuations in Home Values

Discussion by Stephen Ross


12:00pm, Depart




·         Hotel information:


Club Quarters, 111 West Adams Street, Chicago, IL  60603

Club Quarters, Central Loop is located at the corner of Adams and Clark Streets beside the famous Rookery Building and in the center of the Central Loop, just minutes from Michigan Avenue. It is just one and 1/2 blocks from the Chicago Fed and a short walk to the Symphony Center, the Art Institute, Board of Trade, the Willis Tower, the River Front and Grant Park. It boasts the popular Elephant & Castle Pub and Restaurant, serving a combination of British classics and North American favorites coupled with a list of over 100 beers and an extensive list of Scotch whiskeys. Each floor features complimentary chilled bottled water to go.  For other amenities, please visit their website.