Tuesday, January 27, 2009

On the GSEs (again)

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This is an excerpt from my commentary at the Berkeley-UCLA conference on the mortgage meltdown: Fannie and Freddie’s management teams did un...
12 comments:
Sunday, January 25, 2009

John Quigley's solution to the mortgage crisis

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But for two things, I like it : The foreclosure crisis is at the heart of the more general economic crisis. Protecting homeowners at risk of...
6 comments:
Friday, January 16, 2009

Blocks

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Daniel Solomon, in his book, Global City Blues, makes a nice point about city blocks: of you want to have a vibrant street life, you need sh...
Thursday, January 15, 2009

Are we calming?

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The TED Spread is under 100 bp (just). And my colleague Raphael Bostic points out that intra-day stock price volatility has dropped precipi...
1 comment:
Monday, January 12, 2009

One way to define bubble cities

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I gave a paper (with Chris Redfearn and Stuart Gabriel) at ASSA last week on how interest rates and income get capitalized into house prices...
2 comments:
Friday, January 09, 2009

My friend Stuart Gabriel (UCLA) sends me a petition

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And I signed it. I encourage other scholars to do so: Scholars For Peace in the Middle East *Promoting Academic Integrity and Honest Debate*...
4 comments:
Tuesday, January 06, 2009

Hope from Lutz Kilian?

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He has the lead article in the new Journal of Economic Literature on the Economic Effects of Energy Price Shocks. He calculates a one year ...
1 comment:

Syllabus for PPD 437

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University of Southern California School of Policy, Planning, and Development PPD 437 Advanced Finance and Investment for Planning and Devel...
14 comments:

Syllabus for FBE 589

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University of Southern California Marshall School of Business Department of Finance and Business Economics Professor Richard K. Green Spring...
1 comment:
Friday, January 02, 2009

Thoughts from the Rose Parade

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Yesterday was another gorgeous Jan 1 in Pasadena, and the parade was especially enjoyable. A couple of thoughts: (1) The Ballou (Washington...
Tuesday, December 30, 2008

About today's awful Case-Shiller number

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A month ago, David Stiff of Fiserve informed me, "in general, sales of bank-owned (REO) properties are included in the repeat sales pai...
4 comments:
Monday, December 29, 2008

See Milk

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Sean Penn is truly wonderful, and the story is both uplifting and tragic. MBA courses in organizational behavior could also use it as a tea...
1 comment:

Ten favorite American Buildings

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These are just personal favorites. One rule: no more than one building per city. There is no particular order to the list 1. Trinity Churc...
1 comment:
Monday, December 22, 2008

Why we need newspapers

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The blogosphere likes to take pot-shots at the main-stream media, some of which the MSM has earned. Political coverage is often vapid, and ...
3 comments:
Friday, December 19, 2008

David E. Bloom David Canning and Günther Fink find that Urbanization has no impact on growth

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Science last February had a special issue on cities.  Among the articles was the Bloom, Canning and Fink piece, which ran cross-country reg...
3 comments:

George Bailey explains bank runs

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Within the past two weeks the New York Times has had two reviews ( here and here, where you click on the AO Scott video ) of it's A Won...
2 comments:
Thursday, December 18, 2008

A Transportation Question

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Last week, I picked up my wife (who will join me working at USC--she will be a physician-faculty member at Keck Med School), our two cats an...
2 comments:

Flipping Signs

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The purpose of regressions is to obtain conditional means (or medians), in part so that we don't draw incorrect inferences from spurious...
2 comments:
Tuesday, December 16, 2008

One Data Point on the Current Value of Cash

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Yesterday we closed on the sale of our Bethesda house. We received two potential offers on the same day: offer X, which had a financing con...
2 comments:
Thursday, December 11, 2008

30 years ago in Time Magazine

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The more things change... Politics and policy rend a big lender The White House has become involved in a maneuver to oust yet another top-le...
1 comment: