REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
Spring 2015
April 13, 2015
OFFICE MARKETS
1
Office Markets
April 13, 2015
OFFICE MARKETS
2
About 20% of all employed Americans work in office
buildings.
About 20% of non-governmental off
FRBSF ECONOMIC LETTER
2016-27
September 12, 2016
Bubbles, Credit, and Their Consequences
BY
SCAR JORD, MORITZ SCHULARICK, AND ALAN M. TAYLOR
The collapse of an asset price bubble usually creates a great deal of economic disruption. But
bubbles are hard to
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Economic Brief
December 2012, EB12-12
A Citizens Guide to Unconventional Monetary Policy
By Renee Haltom and Alexander L. Wolman
Historically, the Federal Reserves primary monetary policy tool has been
the federal funds rate. Since pushing that rate as lo
Vol. 4, No. 2
FEBRUARY/MARCH 2009
EconomicLetter
Insights from the
Federal Reserve Bank of Dall as
Fed Confronts Financial Crisis by Expanding
Its Role as Lender of Last Resort
by John V. Duca, Danielle DiMartino and Jessica J. Renier
Unprecedented measur
Uncontrolled Land Deuelopment and
the Duration of the ~ e ~ r e s s i oinnthe
United States
Aggregate economic activity was heavily influenced by the construction sector's
expansion, collapse, and failure to revive during the interwar years. The 1920s
bui
Journal of Economic PerspectivesVolume 13, Number 2Spring 1999 Pages 69 90
Theory and History Behind Business
Cycles: Are the 1990s the Onset of a
Golden Age?
Victor Zarnowitz
S
ome have viewed the current business expansion in the United States as the
on
Finance and Economics Discussion Series
Divisions of Research & Statistics and Monetary Affairs
Federal Reserve Board, Washington, D.C.
Housing and the Monetary Transmission Mechanism
Frederic S. Mishkin
2007-40
NOTE: Staff working papers in the Finance a
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
Spring 2015
April 6, 2015
RESIDENTIAL ANALYSIS
1
Residential Markets
April 6, 2015
RESIDENTIAL ANALYSIS
2
Residential Market Analysis
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
Spring 2015
April 20, 2015
RETAIL MARKETS
1
Retail Markets
April 20, 2015
RETAIL MARKETS
2
Retail Real Estate includes both shopping centers and
fr
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
Spring 2015
Last Lecture Class
Next Week (5/4) Class Presentations
Next Week (5/4) Term Papers Due
Two Weeks Final Exam
Next Week (5/4) Class Presentations
7 Minute Presentations
Ti
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
&
Market Analysis
REAL1-GC1045
Spring 2015
March 9, 2015
Class 6
1
Midterm Review:
Important Topics
The Four Quadrant Model Review
Midterm Exam
March 9, 2015
Clas
2.22.15
Monocentric City Model
Role of Transportation
Early Theories of Land Rent
Bid Rent Function
Bid Rent Functions for Households
why are things priced the way they are.
The standard urban spatial model is known as the monocentric city model.
-the mo
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
&
Market Analysis
REAL1-GC1045
Spring 2015
March 2, 2015
Class 5
1
The Roles of the Urban Public Sector
1. Allocate Resources to Public Goods and Services
2. Redist
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
&
Market Analysis
REAL1-GC1045
Spring 2015
February 23, 2015
Class 4
1
Monocentric City Model
Role of Transportation
Early Theories of Land Rent
Bid Rent Function
Bi
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
&
Market Analysis
REAL1-GC1045
Spring 2015
February 9, 2015
Class 3 Slides
1
Urban Economics is the study of economies that are organized as
urban areas and can be dened as
REAL ESTATE INSTITUTE
NEW YORK UNIVERSITY
SCPS
REAL ESTATE ECONOMICS
&
Market Analysis
REAL1-GC1045
Spring 2015
For purposes of this class we are going to focus on two
primary levers the Federal Government has for exerting
inuence on the economy
SEPTEMBER/OCTOBER
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Economic Brief
APRIL 2009, EB09-04
What We Do and Dont
Know about Discretionary
Fiscal Policy
At one time, the idea that the government should respond to an economic
downturn by using fiscal policy to stimulate aggregate demand would
have been met with li
FRBSF ECONOMIC LETTER
2016-08
March 14, 2016
Worst-Case Scenarios and Asset Prices
BY
RHYS BIDDER
Investors have a hard time accounting for uncertainty when calculating how much risk they are
willing to bear. They can use economic models to project future
FRBSF ECONOMIC LETTER
2016-28
September 26, 2016
Slow Credit Recovery and Excess Returns on Capital
BY
ZHENG LIU AND ANDREW TAI
During the recovery from the Great Recession, real interest rates on government securities
have stayed low, but real returns on
FRBSF ECONOMIC LETTER
2016-25
August 29, 2016
Projecting the Long-Run Natural Rate of Interest
BY
KEVIN J. LANSING
The natural rate of interestthe real rate consistent with full use of economic resources and
steady inflation near the Feds target levelis a
FRBSF ECONOMIC LETTER
2016-31
October 17, 2016
Consequences of Rising Income Inequality
BY
KEVIN J. LANSING AND AGNIESZKA MARKIEWICZ
The increase in U.S. income inequality since 1970 largely reflects gains made by households in
the top 20% of the income d
The Financial Instability Hypothesis
by
Hyman P. Minsky*
Working Paper No. 74
May 1992
*The Jerome Levy Economics Institute of Bard College
Prepared for Handbook of Radical Political Economy, edited by Philip Arestis and Malcolm Sawyer, Edward Elgar:
Alde
FISCAL POLICY IN THE CRISIS:
LESSONS AND POLICY IMPLICATIONS
Christina D. Romer
University of California, Berkeley
April 16, 2012
I. INTRODUCTION
In thinking about the lessons from the crisis for fiscal policy, the first question is: Which
crisis do you m
Economic QuarterlyVolume 93, Number 3Summer 2007Pages 201227
Inflation and
Unemployment: A
Laypersons Guide to the
Phillips Curve
Jeffrey M. Lacker and John A. Weinberg
W
hat do you remember from the economics class you took in college? Even if you didnt
Prime Location. The Property is conveniently located at 175 SE 25th Road midway between the
Downtown Brickell section of Miami and the quaint Coconut Grove neighborhood and sits directly on
Biscayne Bay with spectacular views of the water and Miami Beach.
ABBREVIATIONS FOR NOTE-TAKING
Do not try to perfect a definite system of shorthand. Here we have simply brought
together the various ideas we have picked up over the years. You may select one or any
combination of those ideas that fit your needs.
1.
Symbo
* We aren't endorsed by this school
