Curriculum
Vitae (click here for PDF)
December
2011
MORRIS
A. DAVIS
5261 Grainger Hall
975 University Avenue
Madison,
Email: mdavis@bus.wisc.edu
Phone: (608) 262-8775
Web: http://morris.marginalq.com
EDUCATION
University of Pennsylvania: Ph. D. in Economics, 1993-1998
Honors: Alfred P. Sloan Dissertation Fellowship,
1997-1998
Dissertation
fellowship, Department of Economics
University of Pennsylvania: B.A. in Economics, 1989-1993
Honors: Phi Beta Kappa
Shanbaum Award (Outstanding Undergraduate Economics Major)
PROFESSIONAL EXPERIENCE
University of Wisconsin-Madison, School of Business
Department of Real Estate and Urban Land Economics
Academic
Director, Graaskamp Center for Real Estate, 7/2011 – current
Director
of the MBA Program, Graaskamp Center for Real Estate, 8/2010 – 7/2011
Associate
Professor, 4/2010 - current
Assistant Professor, 9/2006 - 4/2010
The Robert M. LaFollette
School of Public Affairs
Faculty Affiliate, 11/2011 - current
Federal Reserve Board
Economist, Flow of Funds
Section, 7/2002-8/2006
Economist, Macroeconomic and Quantitative Studies Section, 8/1998-10/2001
ReturnBuy, Inc.
Director
of Yield Optimization, 10/2001-7/2002
TEACHING EXPERIENCE
University of Wisconsin-Madison, School of Business
Macroeconomics
(MBA), Fall 2006 – Spring 2011
Real
Estate Finance (MBA), Fall 2008 – Fall 2009
Urban
Economics (undergraduate), Fall 2006 – Fall 2008, Spring 2011
Urban
Economics (GREM), Spring 2011
Georgetown University
Statistics
for Economists (undergraduate), Fall 2000
PROFESSIONAL AFFILIATIONS
American Capital Agency Corporation (ticker: AGNC)
Board
of Directors, 5/2008-Current
American Capital Mortgage Investment Corporation (ticker: MTGE)
Board
of Directors, 7/2011-Current
Federal Reserve Bank of Chicago
Academic
Advisory Council, 3/2008-Current
Federal Reserve Bank of Cleveland
Research
Associate, 4/2007-12/2007
Lincoln Institute of Land Policy
Fellow,
7/2009-Current
REFEREED PUBLICATIONS
“Household Expenditures, Wages, Rents”
with François Ortalo-Magné,
University of Wisconsin-Madison
Review of Economic Dynamics, 2011,
vol. 14 (2), pages 248-261.
“What Moves Housing Markets: A Variance Decomposition of the Rent-Price Ratio”
with Sean Campbell, Joshua
Gallin, and Robert F. Martin, Federal Reserve Board
Journal of Urban Economics, 2009, vol. 66 (2), p. 90-102
“Housing, Home Production, and the Equity and Value Premium Puzzles”
with Robert F. Martin,
Federal Reserve Board
Journal of Housing Economics, 2009, vol. 18 (2), p. 81-91
“The Price and Quantity of Land by Legal Form of
Organization in the United States”
Regional
Science and Urban Economics, 2009,
vol. 39 (3), p. 350-359
“The Rent-Price Ratio for the Aggregate Stock of Owner-Occupied Housing”
with Andreas Lehnert and
Robert F. Martin, Federal Reserve Board
Review of Income and Wealth, 2008, vol. 54 (2), p. 279-284
“The Price of Residential Land in Large U.S. Cities”
with Michael G. Palumbo,
Federal Reserve Board
Journal of Urban Economics 2008, vol. 63 (1), p. 352-384
“The Price and Quantity of Residential Land in the United States”
with Jonathan Heathcote,
Federal Reserve Board and Georgetown University
Journal of Monetary Economics 2007, vol. 54 (8), p. 2595-2620
“Housing and the Business Cycle”
with Jonathan Heathcote,
Georgetown University
International Economic Review 2005, vol. 46 (3), p. 751-784
“A Stochastic Dynamic Model of the Mental Health of Children”
with E. Michael Foster,
Penn State
International Economic Review 2005, vol. 46 (3), p. 837-866
BOOKS / OTHER PUBLICATIONS
“Reflections on the Foreclosure Crisis”
Land Lines, Lincoln Institute of Land Policy 2010-07
“Housing and the Business Cycle”
New Palgrave Dictionary of Economics Online,
2010.
edited by S. Durlauf and L.
Blume
“Macroeconomics for MBAs and Masters of Finance”
Cambridge University Press 2009, Cambridge,
England
ISBN-10: 0521762472. ISBN-13: 978-0521762472
“What’s Really Happening in Housing Markets?”
with François Ortalo-Magné,
University of Wisconsin-Madison, and Peter C. Rupert, Federal Reserve Bank of
Cleveland
Economic Commentary, Federal Reserve Bank of
Cleveland 2007-07
“House Prices and the Macroeconomy”
Testimony to the U.S. Senate Finance
Committee 2007-12-13
WORKING PAPERS
“Macroeconomic Implications of Agglomeration”
with Jonas D.M. Fisher,
Federal Reserve Bank of Chicago, and Toni M. Whited, University of
Wisconsin-Madison and University of Rochester
Revise and Resubmit, Econometrica
“The Role of Housing in Labor Reallocation”
with Jonas D.M. Fisher and Marcelo Veracierto, Federal
Reserve Bank of Chicago
FRB of Chicago Working Paper No. 2010-18
“Homework
in Monetary Economics: Inflation, Home
Production, and the Production of
Homes”
with
S. Borağan Aruoba and Randall Wright
University
of Maryland and University of Wisconsin-Madison
“The Insurance, Health, and Savings Decisions of Elderly Women Living Alone”
“A Primer on the Economics and Time Series Econometrics of Wealth Effects”
with
Michael Palumbo, Federal Reserve Board
PROFESSIONAL
ACTIVITIES
Seminar presentations:
2011:
University of Southern California; University of Toronto; Federal Reserve Bank
of Richmond
2010: University
of Iowa; University of Essex, Essex, England
2009:
University of Wisconsin-Madison (Macroeconomics seminar); Federal Reserve Bank
of Minneapolis; Federal Reserve Bank of Kansas City; University of British
Columbia-Sauder School of Business; City University of New York Baruch Campus
2008:
Federal Reserve Bank of New York; Lincoln Institute of Land Policy, Boston;
University of Texas-Austin; Federal Reserve Bank of San Francisco; University
of Connecticut
2007:
Federal Reserve Bank of Philadelphia; Toulouse School of Economics; Indiana
University; Federal Reserve Bank of Chicago; Federal Reserve Bank of Cleveland;
University of California-Berkeley, Haas School of Business
2006:
University of Wisconsin-Madison, School of Business; Federal Reserve Bank of
Cleveland
2005:
University of Western Ontario; New York University; Bank of Mexico; ITAM; Rice
University, Jesse H. Jones Graduate School of Management
2004:
Georgetown University
2003: New
York University, Stern School of Business
2000: Duke
University; University of North Carolina
1999:
Georgia State University
1998: Brown University; University of Chicago, Harris School of Public Policy; Binghamton University; RAND
Conference presentations and discussions:
2011:
AEA/AREUEA Annual Meeting, Denver; Economics and Music Conference, Essex
England; Housing and Real Estate Dynamics Conference, The John Deutsch
Institute (Queen’s University), Kingston Canada; Society of Economic Dynamics,
Ghent Belgium; The UW-Federal
Reserve Housing-Labor-Urban Conference, Federal Reserve Bank of Chicago
2010:
AEA/AREUEA Annual Meeting, Atlanta; Midwest Macro Conference, Lansing; Annual
Real Estate Symposium, Victoria Canada; Society of Economic Dynamics, Montreal
Canada
2009:
Macroeconomic Workshop on Current Topics in Macroeconomic Theory and Policy,
Vienna Austria; European Summer Symposium in Economic Theory, Gerzensee
Switzerland; Economics and Music Conference, Essex England; Housing, Financial
Markets and the Macroeconomy, Conference at LSE in London England; Micro and
Macro Perspectives on the Aggregate Labor Market, NBER Conference at the
Federal Reserve Bank of Atlanta, Atlanta; AEA/AREUEA Annual Meeting, San
Francisco
2008:
Federal Reserve System Conference on Housing and Mortgage Markets, Washington
DC; NARSC meetings, New York; Macroeconomic Workshop on Current Topics in
Macroeconomic Theory and Policy, Vienna Austria; Midwest Macro Conference,
Philadelphia; Sixth Philadelphia Workshop on Monetary and Macro Economics,
Philadelphia; Lincoln Institute of Land Policy, Boston
2007: NARSC
meetings, Savannah; Vienna Macroeconomic Workshop on Current Topics in
Macroeconomic Theory and Policy, Vienna Austria; NBER (Capital Markets and
Economy), Boston; WFA Conference, Big Sky; Economics and Music Conference,
Essex England; Midwest Macro Conference, Cleveland; AEA/AREUEA Annual Meeting,
Chicago
2006: NARSC
meetings, Toronto Canada; LAEF Conference on Macroeconomics and Housing, Santa
Barbara; Society of Economic Dynamics, Vancouver Canada; Annual Real Estate Symposium,
Aspen Colorado; Baltimore System Committee Macroeconomics Workshop
2005:
Atlanta Fed conference on Housing and the Macroeconomy
2004:
Economics and Music Conference, Essex England; Bank of Canada Conference on
Housing, Ottawa; Society of Economic Dynamics, Florence; AREUEA Mid-Year
Meetings, Washington, DC;
2003:
Society of Economic Dynamics, Paris France
2002:
Economics and Music Conference, Essex England
2000:
Economics and Music Conference, Essex England; Bank of Canada Conference on the
Macroeconomy, Ottawa Canada; Society of Economic Dynamics, San Jose Costa Rica;
Midwest Macro Conference, Iowa City
1999:
Society of Economic Dynamics, Sardinia Italy; North American Econometric
Society Meetings, Madison
1998:
Stanley Cohn Conference on Health and Aging, Binghamton; Society of Economic
Dynamics, Philadelphia; Economics and Music Conference, Essex England;
AEA/AREUEA Annual Meeting
Professional presentations:
2011: KPMG’s Third Annual Real Estate Symposium,
Chicago
2010: Family Business Council,
Madison; Rays of Research, Madison
2009: European Summer Symposium in Economic Theory,
Gerzensee Switzerland; Bascom Hill Society Luncheon, Madison; LAEF, Santa
Barbara
2008: Wisconsin Real Estate Biennial Conference,
Madison; Federal Reserve Bank of Chicago, Academic Advisory Council Meeting, Chicago;
Pennsylvania Builders Association Developers Council, Harrisburg; Wisconsin
Real Estate Alumni Association, Madison
2007: U.S. Senate Finance Committee Hearing on “The
Housing Decline: The Extent of the Problem and Potential Remedies,” Washington,
DC; University of Wisconsin-Madison, Real Estate Board Meeting, Madison;
National Association of Credit Unions, Milwaukee; NAREIM, Long Beach
2006: University of Wisconsin-Madison, Real Estate Board Meeting, Madison; Young Presidents Organization, Chicago
Conference organization:
2010: The UW-Federal
Reserve Housing-Labor-Urban Conference, Federal Reserve Bank of Chicago, The UW-Federal Reserve Housing-Labor-Urban
Conference, Federal Reserve Bank of St. Louis
2009: The UW-Federal Reserve Housing-Labor-Urban
Conference, Federal Reserve Bank of Atlanta
2007: Housing and Real-Estate, University of
Wisconsin-Madison
2005: Aging and the Economy, Federal Reserve Board
Referee for journals:
American Economic Review;
Berkeley Electronic Press; Econometrica; Economic Journal; Economic Modeling;
European Economic Review; Finance Research Letters; International Economic
Review; Journal of Empirical Finance; Journal of Housing Economics; Journal of
Human Resources; Journal of Monetary Economics; Journal of Money, Credit, and
Banking; Journal of Political Economy; Journal of Regional Science; Journal of
Urban Economics; Public Administration Review; Real Estate Economics; Regional
Science and Urban Economics; Review of Economic Dynamics; Review of Economics
Studies
Ph.D. Dissertation Committees:
2011: Jun Zhu (Real Estate)
2009: Hiroaki Miyamoto (Econ),
Francesca Rondina (Econ)
2008: Yongqiang Chu (Real Estate)