时间：11月3日3:00-4:30 pm

地点：万众一楼 大教室

标题：Real Estate Bubbles and Policy Reactions

演讲嘉宾:Abdullah Yavas

主持：姚洋教授

嘉宾简介：
Abdullah Yavas holds the Robert E. Wangard Real Estate Chair and is the department chair of Real Estate and Urban Land Economics at the University of Wisconsin-Madison’s Wisconsin School of Business. Previously, he was the Elliott Professor of Business Administration and the research director of the Institute for Real Estate Studies in the Smeal College of Business at Pennsylvania State University, where he received the Fred Brand Award for Outstanding Teaching, Smeal College's highest undergraduate teaching award.  His research focuses on the economics of intermediation broadly defined with a special focus on real estate brokerage. His research interests include real estate brokerage, mortgage contracts, real estate auctions, economics of information, and experimental economics. He also uses laboratory experiments to advance understanding of market players’ deviations from the predictions generated by rational models. Yavas has authored or co-authored more than 60 articles in peer-reviewed journals on real estate, finance, and economics.  The results of his research have been cited in some of the nationally known publications, including The Wall Street Journal, Time, Money, BusinessWeek, The Philadelphia Inquirer, and Boston Sunday Globe.  He has consulted for mortgage companies and real estate investment trusts. Yavas is a world-renowned economist. In 2001, he made the World's Top 500 Economists list, according to the number of articles published, prepared by Tom Coupé and sponsored by the European Economic Association. He was ranked 6th on the list of Top 50 Authors for publications in Base Real Estate Journals between 1994-1998 by the Journal of Real Estate Literature. Yavas serves on the Monetary Policy Committee of the Central Bank of the Republic of Turkey. He earned his Ph.D. in economics from the University of Iowa.

报告摘要：How do we determine if there is a bubble in a real estate market? If there is one, what determines the damage caused by a bubble? How concerned should we about the Chinese real estate markets? How should monetary policy react to a bubble?