Federal Reserve Bank of Chicago and University of Wisconsin-Madison
Housing- Urban-Labor-Macro (HULM) Conference
October 5th and 6th  2012 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

2012 Fall Conference Sponsors (THANK YOU!)

·         Federal Reserve Bank of Chicago

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

Previous HULM Conferences

·         2012 Spring     @ Federal Reserve Bank of Boston

·         2011 Fall         @ Federal Reserve Bank of Chicago

·         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

·         2013 Spring     @ Federal Reserve Bank of St. Louis

·         2013 Fall         @ Federal Reserve Bank of Chicago

·         2014 Spring     @ Center for Real Estate Finance Research, NYU Stern

·         2014 Fall         @ Federal Reserve Bank of Chicago



Conference Agenda:


Friday, October 5th


8:00am – 8:55am, Registration


8:55am – 9:00am, Opening Remarks 


9:00am – 10:00am, Alvin Murphy, Washington University

      Estimating Neighborhood Choice Models: Lessons from a Housing Assistance Experiment (with Sebastian Galiani and Juan Pantano)

Discussion by David Albouy


10:00am – 11:00am, Alex Chinco, NYU Stern

      Distant Speculators and Asset Bubbles in the Housing Market (with Chris Mayer)

Discussion by Donghoon Lee


11:00am – 12:00pm,  Eric Hurst, Chicago Booth

Manufacturing Busts, Housing Booms, and Declining Employment: A Structural Explanation (with Kerwin Charles and Matthew Notowidigdo) 

Discussion by Alejandro Badel



12:00pm – 1:30pm, Lunch 


1:30pm – 2:30pm, James Vickery, New-York Fed

Securitization and the Fixed-Rate Mortgage (with Andreas Fuster)

Discussion by Gene Amromin


2:30pm – 3:30pm, Veronica Guerrieri, Chicago Booth

Dynamic Adverse Selection: A Theory of Illiquidity, Fire Sales, and Flight to Quality (with Robert Shimer)
Discussion by Jaime Luque


3:30pm – 4:00pm, Break


4:00pm – 5:00pm, Johannes Stroebel, Chicago Booth

The Impact of Asymmetric Information about Collateral Values in Mortgage Lending
Discussion by Tom Davidoff


5:00pm – 6:00pm, Andra Ghent, Arizona State

Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?  (with Ruben Hernandez-Murillo  and Michael T. Owyang)

Discussion by Ed Kung



7:00pm, Dinner, at Giordano’s Pizza.

Sponsored by the University of Wisconsin’s Real Estate Department 



Saturday, October 6th


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


8:30am – 9:30am, Stephen Ross, Connecticut

Workplace Agglomeration and Social Network Segregation: Labor Markets Returns by Race (with Elizabeth Ananat and Shihe Fu)

Discussion by Erwan Quintin


 9:30am – 10:30am, Richard Green, USC

      Measuring the Benefits of Homeowning Redux (with Gary Painter and Michelle White)

Discussion by Wilbert Van Der Klaauw


10:30am – 11:00am, Break


11:00am – 12:00pm, Alejandro Justiniano, Chicago Fed

      Household Leveraging and Deleveraging (with Giorgio Primiceri and Andrea Tambalotti)

Discussion by Aurel Hizmo


12:00pm, Depart




·         Hotel information:


1)      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.

2)      Union League Club, 65 W. Jackson Blvd, Chicago, IL 60604