NYU Urban Seminar: Ouzad and Ranciere on Credit Standards and Segregation

Image Copyright : Volodymyr Kyrylyuk via Shutterstock

On March 22nd, the Spring 2016 NYU Urban Seminar Series, co-hosted by the NYU Furman Center and Marron Institute, welcomed Amine Ouzad, a professor of Economics at the INSEAD, and Roman Ranciere, an economist from the Research Department in the Systemic Issues Division of the IMF. They led a discussion on two of their research papers: "Credit Standards and Segregation" and "Structural Demand Estimation with Borrowing Constraints."

Governments all around the world enact policies that intervene with the supply of mortgage credit, and Ouzad and Ranciere discussed how these policies may affect aspects of the market in a way that offsets any potential policy benefits. The presentation covered credit markets and the dynamics of cities, including housing prices, neighborhood choice, segregation. They also focused on the potential effect that the loosening of credit may have on residential segregation. 

The NYU Urban Seminar series is co-hosted by the NYU Furman Center and the Marron Institute. The speaker series is focused on research with implications for urban policy, and features a variety of researchers from across the U.S. discussing their work. The NYU Urban Seminar is open to the public; registration is required.