Household Behaviour in Mortgage and Housing Markets: An International Perspective

Thursday 20 September 2012, Said Business School, Oxford University

Organisers: John Campbell (Harvard University and NBER), Tarun Ramadorai (Oxford University and CEPR)

We thank the Sloan Foundation for generously sponsoring this conference.


10:00-10:30 Registration and Coffee

10:30-11:30 Mortgage Innovation and the Foreclosure Boom
Dean Corbae, Wisconsin School of Business
Erwan Quintin, University of Wisconsin, Madison
Discussant: Francisco Gomes, London Business School

11:30-12:30 Price Negotiation In Differentiated Products Markets: The Case Of Insured Mortgages in Canada
Jason Allen, Bank of Canada
Robert Clark, HEC Montreal
Jean-Francois Houde, University of Wisconsin, Madison
Discussant: Ali Hortacsu, University of Chicago

12:30-13:30 LUNCH

13:30-14:30 Household Debt and Social Interactions
Michael Haliassos, Goethe University, Frankfurt
Dimitris Georgarakos, Goethe University, Frankfurt
Giacomo Pasini, Ca' Foscari University of Venice
Discussant: Nikolai Roussanov, The Wharton School, University of Pennsylvania

14.30-15:30 Second Liens and the Holdup Problem in First Mortgage Renegotiation
Sumit Agarwal, National University of Singapore
Gene Amromin, Federal Reserve Bank of Chicago
Souphala Chomsisengphet, Office of the Comptroller of the Currency
Itzhak Ben-David, The Ohio State University, Fisher College of Business
Discussant: Vikrant Vig, London Business School

15:30-16:00 COFFEE

16.00-17:00 Moving to a Job: The Role of Home Equity, Debt, and Access to Credit
Yuliya Demyanyk, Federal Reserve Bank of Cleveland
Dmytro Hryshko, University of Alberta
Maria Luengo-Prado, Northeastern University
Bent Sorensen, University of Houston
Discussant: Sam Schulhofer-Wohl, Federal Reserve Bank of Minneapolis

17.00-18:30 Panel: The Extant State of International Data on Household Finance, with Particular Reference to Mortgage Markets
Moderator: John Campbell, Harvard University
Thorsten Beck, Tilburg University
David Miles, Bank of England
Frank Warnock, Darden Business School, University of Virginia

Time allocation for papers: 30 minutes for presenter, 20 minutes for discussant, 10 minutes for audience.

FURTHER INFORMATION: This conference is scheduled the day before the NBER-Said-CFS-EIEF Conference on Household Finance, which takes place at Said Business School on September 21 and 22, 2012. The draft programme for that conference can be viewed at:

REGISTRATION: Attendance to both conferences is by invitation only, please note that spaces are limited therefore we cannot guarantee a place. If you have an interest in attending either or both conferences please email

Posted 8/20/12