Dr. Alessia De Stefani – Housing, Mortgages and the Macroeconomy

Join us for a webinar with Dr. Alessia De Stefani (Danmarks Nationalbank). Dr. De Stefani's will discuss the cause and implication of housing booms and busts, with an emphasis on mortgages as triggers of financial crises. She will give an overview of academic discussion about the causes of boom-bust cycles in US housing markets in the 2000s. This discussion will emphasize the psychological drivers of such a phenomenon, based on over-optimistic price expectations and how housing purchase and mortgage leverage may depend on such over-optimisms or over-pessimism. Dr. De Stefani will explore the consequences of mortgage credit expansion, focusing in particular on employment creation and destruction over the business cycle. This is a webinar for young scholars with research interests in empirical macro-finance.

We will have a 45 minute lecture by Dr. De Stefani, after which we will have about 15 minutes left for questions and discussion.

We look forward to seeing you all online!