ABFER 12th ANNUAL CONFERENCE
The Call for Papers is now closed. Selected papers will be informed by end of February. The conference will be held on 19-22 May 2025 in Singapore.
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12th ASIAN MONETARY POLICY FORUM
The 12th AMPF will commence on 22 May 2025 with a joint dinner with ABFER, followed by the forum on 23 May 2025 at Conrad Singapore Orchard
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CALL FOR POSTERS 2025
The Call for Posters is now closed. Selected papers will be informed by end of February. The poster sessions will be held on 20 and 21 May 2025 at the ABFER 12th Annual Conference.
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CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
Webinar series on every third Thursday of the month
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INDUSTRY OUTREACH PANEL
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  • ABFER 12th ANNUAL CONFERENCE
  • 12th ASIAN MONETARY POLICY FORUM
  • CALL FOR POSTERS 2025
  • CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
  • INDUSTRY OUTREACH PANEL

SOME IMPORTANT FACTS ABOUT US

3520 SUBMITTED Papers submitted to
Annual Conference
9225 AUTHORS Representing number
of authors
622 PRESENTED Papers presented at
Annual Conferences
202 JOURNALS Papers published in
significant journals
4700 PARTICIPANTS Participants at
Annual Conferences

Joint Dinner for ABFER and AMPF
Keynote Speech by Professor David Autor

 

Expertise, Artificial Intelligence, and the Work of the Future


While the utopian vision of the current Information Age was that computerization would flatten economic hierarchies by democratizing information, the opposite has occurred. Information, it turns out, is merely an input into a more consequential economic function, decision-making, which is the province of elite experts. The unique opportunity that AI offers to the labor market is to extend the relevance, reach, and value of human expertise. Because of AI’s capacity to weave information and rules with acquired experience to support decision-making, it can be applied to enable a larger set of workers possessing complementary knowledge to perform some of the higher-stakes decision-making tasks that are currently arrogated to elite experts, e.g., medical care to doctors, document production to lawyers, software coding to computer engineers, and undergraduate education to professors. Prof David's thesis is not a forecast but an argument about what is possible: AI, if used well, can assist with restoring the middle-skill, middle-class heart of the US labor market that has been hollowed out by automation and globalization.

23
MAY 
2024
Thursday
Venue: Pacific Ballroom, Level 1
Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore 039595



Program is subjected to change. Updated on 4 Jun 2024.
 

Speakers

  • Professor David AUTOR

    Professor David AUTOR

     

    Ford Professor of Economics and Margaret MacVicar Faculty Fellow, Massachusetts Institute of Technology

    David Autor is Ford Professor in the MIT Department of Economics, codirector of the NBER Labor Studies Program and the MIT Shaping the Future of Work Initiative. His scholarship explores the labor-market impacts of technological change and globalization on job polarization, skill demands, earnings levels and inequality, and electoral outcomes.
    Autor has received numerous awards for both his scholarship—the National Science Foundation CAREER Award, an Alfred P. Sloan Foundation Fellowship, the Sherwin Rosen Prize for outstanding contributions to the field of Labor Economics, the Andrew Carnegie Fellowship in 2019, the Society for Progress Medal in 2021—and for his teaching, including the MIT MacVicar Faculty Fellowship. In 2020, Autor received the Heinz 25th Special Recognition Award from the Heinz Family Foundation for his work “transforming our understanding of how globalization and technological change are impacting jobs and earning prospects for American workers.” In 2023, Autor was selected as one of two researchers across all scientific fields a NOMIS Distinguished Scientist.

    The Economist magazine labeled Autor in 2019 as “The academic voice of the American worker.” Later that same year, and with equal justification, he was christened “Twerpy MIT Economist” by John Oliver of Last Week Tonight in a segment on automation and employment.

  • Professor Steven J. DAVIS

    Professor Steven J. DAVIS

     

    Thomas W. and Susan B. Ford Senior Fellow, Hoover Institution; Senior Fellow, Stanford Institute for Economic Policy Research, William H. Abbott Distinguished Service Professor Emeritus at the University of Chicago Booth School of Business and Senior Fellow and Exco Member, ABFER

    Steven Davis studies working arrangements, business dynamics, economic fluctuations, policy uncertainty and other topics. His research appears in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics and other leading scholarly journals. He hosts Economics, Applied – a video podcast series sponsored by the Hoover Institution.

    Davis is also a research associate of the National Bureau of Economic Research, IZA research fellow, senior academic fellow with the Asian Bureau of Finance and Economics Research, adviser to the Monetary Authority of Singapore, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, and an elected fellow of the Society of Labor Economists. He was on the faculty at the University of Chicago Booth School of Business for more than 35 years, including service as a chaired professor and as deputy dean of the faculty.

    Davis is a co-creator of the Economic Policy Uncertainty Indices, the Survey of Business Uncertainty, the U.S. Survey of Working Arrangements and Attitudes, the Global Survey of Working Arrangements, the Work-from-Home Map project, and the Stock Market Jumps project. He cofounded and co-organizes the Asian Monetary Policy Forum, held annually in Singapore. He has received research grants from the Alfred P. Sloan Foundation, Ewing Marion Kauffmann Foundation, Templeton Foundation, John D. and Catherine T. MacArthur Foundation, U.S. National Science Foundation, and other organizations. In 2012, he was awarded the Addington Prize in Measurement for “Measuring Economic Policy Uncertainty.”

    His teaching experience includes Ph.D. courses in macroeconomics and labor economics at the University of Chicago, the Massachusetts Institute of Technology, and the University of Maryland; MBA courses in macroeconomics, money and banking, business strategy, and financial institutions for Chicago Booth; and executive MBA courses in macroeconomics for Chicago Booth in Barcelona, Hong Kong, London, and Singapore. Davis has also taught undergraduate courses in microeconomics, econometrics, and money and banking at Brown University and the Massachusetts Institute of Technology.

    Davis has served as an expert in many litigation matters. In the antitrust area, he has testified and consulted on market definition, dominance, competitive relationships, exclusionary practices, price discrimination, and collusive conduct. In mortgage lending and consumer finance, he has testified and consulted on class certification, liability, and damages. He has also offered testimony and analysis of damages in breach of contract and credit market discrimination. Past engagements include matters pertaining to auto loans and leases, containerboard and corrugated products, microprocessors, mortgage loans, pharmaceuticals, software products and markets, specialty grocery products, trade shows, viatical and life settlements, and workers’ compensation insurance. Outside of litigation matters, he has consulted on labor market developments, the macroeconomic outlook, capital planning in a large financial institution, and the use of text-based methods to quantify tax reform likelihoods.

    Davis has written for the Atlantic, Financial Times, Forbes, Harvard Business Review, Los Angeles Times, Time, Wall Street Journal and other media. He has appeared on BBC, Bloomberg TV, CBS, CGTN, Channel News Asia, CNBC, CNN, Fox News, NBC Network News, Sinclair Broadcast Group, and the U.S. Public Broadcasting System, among others.

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ABFER Welcome Dinner
Keynote Speech by Professor Stijn Van Nieuwerburgh

 

THE VALUATION OF PRIVATE ASSETS: NEW METHODS

Risks in financial markets are migrating from public to private markets, a development that calls for new measurement and modeling tools. The talk will focus on a new methodology to value commercial real estate (CRE) assets, which goes beyond traditional hedonic models. Using a detailed dataset of approximately 370,000 CRE transactions from 2001-2023, and a machine learning algorithm, the research finds that investor characteristics significantly impact property valuation. We also model the listing, meeting, and transaction probabilities, with meeting probability depending on buyer size and portfolio similarity. Estimation of the meeting model is made possible with the aid of techniques used in the estimation of LLMs. A potential price distribution helps predict sales prices and perform counterfactual analyses; for example, Manhattan office valuations would have been 7% lower without the foreign buyer influx in 2013-2023. 

19
MAY 
2025
Monday
Venue: Royal Pavilion Ballroom, Level 1
Conrad Singapore Orchard, 1 Cuscaden Rd, Singapore 249715



Program is subjected to change. Updated on 11 Mar 2025.

Speakers

  • Professor Stijn VAN NIEUWERBURGH

    Professor Stijn VAN NIEUWERBURGH

     

    Earle W. Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance, Graduate School of Business, Columbia University and Senior Fellow, ABFER

    Stijn Van Nieuwerburgh is the Earle W. Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance at Columbia University’s Graduate School of Business, which he joined in July 2018 after 15 years at New York University’s Stern School of Business. He earned his PhD in Economics (2003), MSc in Financial Mathematics (2001), and MA in Economics (2001) from Stanford University, and a B.A. in Economics from the University of Ghent, Belgium (1998).

    His research lies in the intersection of real estate, asset pricing, and macroeconomics. He studies the impact of remote work on real estate valuations, affordable housing policies, mortgage market design, the impact of foreign buyers on the housing market, property price dynamics, and mortgage choice. Another recent strand of his research focuses on government debt and fiscal policy. His has published over 50 articles in peer-reviewed journals and his work is frequently covered in the media, including on 60 Minutes, the New York Times, the Wall Street Journal, the Economist, and the Financial Times.

    In 2016, Van Nieuwerburgh was awarded the 15th Edition of the Bernácer Prize for his research on the transmission of shocks in the housing market on the macro-economy and the prices of financial assets. In 2020, he won the TIAA Paul Samuelson Award for research on lifelong financial security for his work on combining life and health insurance. And in 2024, he was awarded the inaugural Practice Prize from Columbia Business School for his work and advocacy on post-pandemic office markets and the urban doom loop.

    Professor Van Nieuwerburgh served as the President of the American Real Estate and Urban Economics Association in 2022. He served on the board of the American Finance Association from 2022 until 2025. He will serve as the President of the European Finance Association in 2027. He is a Faculty Research Associate at the National Bureau of Economic Research, at the Center for European Policy Research, and at the Asian Bureau for Finance and Economics Research. He was an Editor at the Review of Financial Studies from 2016 until 2020. Outside academia, he serves on the board of directors of Moody’s Investor Services, Anchor Healthcare Properties, and the Belgian American Educational Foundation.

  • Professor Jing WU

    Professor Jing WU

     

    Professor and Vice Dean, School of Civil Engineering; Director, Hang Lung Center for Real Estate, Tsinghua University and Senior Fellow, ABFER

    Jing Wu holds the position of Professor within the Department of Construction Management at Tsinghua University. Additionally, he serves as the Vice Dean of the School of Civil Engineering and the Director of the Hang Lung Center for Real Estate at Tsinghua University. Dr. Wu’s research interests are centered on urban and real estate economics, real estate investment, and urban sustainability. His research outputs have been published in prominent academic journals, including the American Economic Review, Nature Climate Change, Nature Communications, Journal of Labor Economics, Journal of Public Economics, and Journal of Urban Economics. In the academic and professional community, Dr. Wu assumes important roles such as the Associate Editor of the China Economic Review, the Vice President of the China Institute of Real Estate Appraisers and Agents, and the General Secretary of the Advisory Board on Housing and Real Estate Policies under the Ministry of Housing and Urban-Rural Development of China.

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Session Format

40 minutes of keynote speech and 20 minutes for Q&A.

Supported by


industry-support




Joint Dinner for ABFER and AMPF
Keynote Speech by Professor Raghuram Rajan

 

Monetary Policy and Financial Stability



22
MAY 
2025
Thursday
Venue: Royal Pavilion Ballroom, Level 1
Conrad Singapore Orchard, 1 Cuscaden Rd, Singapore 249715



Program is subjected to change. Updated on 26 Feb 2025.
 

Speakers

  • Professor Raghuram RAJAN

    Professor Raghuram RAJAN

     

    Professor of Finance, Booth School of Business, University of Chicago

    Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School. He was the Governor of the Reserve Bank of India between 2013 and 2016, Vice-Chairman of the Board of the Bank for International Settlements (2015-16) and Chief Economist at the International Monetary Fund (2003-2006).

    Dr. Rajan’s book Fault Lines (2010) won the Financial Times prize for best business book and his book The Third Pillar: How Markets and the State hold the Community Behind (2019) was a finalist for the award. His most recent book (December 2023) is Breaking the Mold: India’s Untraveled Path to Prosperity, with Rohit Lamba

    Dr. Rajan was the President of the American Finance Association (AFA). He received the AFA’s inaugural Fischer Black Prize in 2003, the Deutsche Bank Prize for financial economics in 2013, Euromoney magazine’s Central Banker of the Year award in 2014, and The Banker magazine's Global Central Banker award in 2016.

    Dr. Rajan is a managing director of Andersen, a senior economic advisor to BDT&MSD, on the advisory boards of PIMCO and RLUSD, as well as on the IMF Managing Director’s and New York Fed President’s advisory boards. He is Chairman of the Per Jacobsson Foundation, and on the governing board of KREA University.

  • Professor Steven DAVIS

    Professor Steven DAVIS

     

    Thomas W. and Susan B. Ford Senior Fellow, Hoover Institution; Senior Fellow, Stanford Institute for Economic Policy Research, William H. Abbott Distinguished Service Professor Emeritus at the University of Chicago Booth School of Business and Senior Fellow and Exco Member, ABFER

    Steven Davis studies working arrangements, business dynamics, economic fluctuations, policy uncertainty and other topics. His research appears in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics and other leading scholarly journals. He hosts Economics, Applied – a video podcast series sponsored by the Hoover Institution.

    Davis is also a research associate of the National Bureau of Economic Research, IZA research fellow, senior academic fellow with the Asian Bureau of Finance and Economics Research, adviser to the Monetary Authority of Singapore, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, and an elected fellow of the Society of Labor Economists. He was on the faculty at the University of Chicago Booth School of Business for more than 35 years, including service as a chaired professor and as deputy dean of the faculty.

    Davis is a co-creator of the Economic Policy Uncertainty Indices, the Survey of Business Uncertainty, the U.S. Survey of Working Arrangements and Attitudes, the Global Survey of Working Arrangements, the Work-from-Home Map project, and the Stock Market Jumps project. He cofounded and co-organizes the Asian Monetary Policy Forum, held annually in Singapore. He has received research grants from the Alfred P. Sloan Foundation, Ewing Marion Kauffmann Foundation, Templeton Foundation, John D. and Catherine T. MacArthur Foundation, U.S. National Science Foundation, and other organizations. In 2012, he was awarded the Addington Prize in Measurement for “Measuring Economic Policy Uncertainty.”

    His teaching experience includes Ph.D. courses in macroeconomics and labor economics at the University of Chicago, the Massachusetts Institute of Technology, and the University of Maryland; MBA courses in macroeconomics, money and banking, business strategy, and financial institutions for Chicago Booth; and executive MBA courses in macroeconomics for Chicago Booth in Barcelona, Hong Kong, London, and Singapore. Davis has also taught undergraduate courses in microeconomics, econometrics, and money and banking at Brown University and the Massachusetts Institute of Technology.

    Davis has served as an expert in many litigation matters. In the antitrust area, he has testified and consulted on market definition, dominance, competitive relationships, exclusionary practices, price discrimination, and collusive conduct. In mortgage lending and consumer finance, he has testified and consulted on class certification, liability, and damages. He has also offered testimony and analysis of damages in breach of contract and credit market discrimination. Past engagements include matters pertaining to auto loans and leases, containerboard and corrugated products, microprocessors, mortgage loans, pharmaceuticals, software products and markets, specialty grocery products, trade shows, viatical and life settlements, and workers’ compensation insurance. Outside of litigation matters, he has consulted on labor market developments, the macroeconomic outlook, capital planning in a large financial institution, and the use of text-based methods to quantify tax reform likelihoods.

    Davis has written for the Atlantic, Financial Times, Forbes, Harvard Business Review, Los Angeles Times, Time, Wall Street Journal and other media. He has appeared on BBC, Bloomberg TV, CBS, CGTN, Channel News Asia, CNBC, CNN, Fox News, NBC Network News, Sinclair Broadcast Group, and the U.S. Public Broadcasting System, among others.

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