“Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014.
Sponsored by Latham & Watkins LLC, LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.)
Opening Remarks by Steven J. Davis, Deputy Dean of the Faculty and William H. Abbott Professor of International Business and Economics, The University of Chicago Booth School of Business, Michael Gilmartin (2011) Vice President, Acquisitions, Draper & Kramer, and Joseph L. Pagliari, Jr., Clinical Professor of Real Estate, The University of Chicago Booth School of Business.
Professor Davis is a research associate with the National Bureau of Economic Research, senior academic fellow at the Asian Bureau of Finance and Economics Research, economic adviser to the Congressional Budget Office, member of the Bureau of Labor Statistics Technical Advisory Committee, and a visiting scholar at the Federal Reserve Banks of Atlanta and Chicago and the American Enterprise Institute. His research interests include national economic performance, job loss and unemployment, hiring and wage behavior, and public policy.
Professor Davis previously edited the American Economic Journal: Macroeconomics, the leading scholarly journal in the field of macroeconomics. Currently, he is a senior adviser to the Brookings Papers on Economic Activity and a member of the advisory board of the Journal of Labour Market Research. Davis has held positions at the Hoover Institution at Stanford University, the Massachusetts Institute of Technology, the National University of Singapore, and Charles River Associates, an economics consulting firm.
Davis earned a bachelor's degree from Portland State University in 1980 and a MA and PhD degrees in 1981 and 1986 from Brown University, all in economics. He is married to Akiko Davis and has four children.
Housing Market – “House of Debt”
Amir Sufi is the Chicago Board of Trade Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research. He serves as an associate editor for the American Economic Review and the Quarterly Journal of Economics.
Professor Sufi’s research focuses on finance and macroeconomics. He has articles published in the American Economic Review, the Journal of Finance, and the Quarterly Journal of Economics. His recent research on household debt and the economy has been profiled in the Economist, the Financial Times, the New York Times, and the Wall Street Journal. It has also been presented to policy-makers at the Federal Reserve, the Senate Committee on Banking, Housing, and Urban Affairs, and the White House Council of Economic Advisors. This research forms the basis of his book co-authored with Atif Mian: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent it from Happening Again, which was published by the University of Chicago Press in 2014.
Sufi graduated Phi Beta Kappa with honors from the Walsh School of Foreign Service at Georgetown University with a bachelor's degree in economics. He earned a PhD in economics from the Massachusetts Institute of Technology, where he was awarded the Solow Endowment Prize for Graduate Student Excellence in Teaching and Research. He joined the Chicago Booth faculty in 2005.