Stijn Van Nieuwerburgh

David S. Loeb Professor of Finance, Director of the Stern Center for Real Estate Finance Research at Leonard N. Stern School of Business

Earle W. Kazis and Benjamin Schore Professor of Real Estate at Columbia Business School

Biography

Leonard N. Stern School of Business

Stijn Van Nieuwerburgh is the David S. Loeb Professor of Finance and the Director of the Center for Real Estate Finance Research at New York University Leonard N. Stern School of Business, which he joined in 2003. Professor Van Nieuwerburgh’s research lies in the intersection of housing, asset pricing, and macroeconomics. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds. In this area, he has also worked on regional housing prices and on household's mortgage choice. He currently studies real estate price formation, and the impact of foreign buyers on he market.

Professor Van Nieuwerburgh has published articles in the Journal of Political Economy, American Economic Review, Econometrica, Review of Economic Studies, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and the Journal of Monetary Economics, among other journals. He is Editor at the Review of Financial Studies. He is a Faculty Research Associate at the National Bureau of Economic Research and at the Center for European Policy Research.

He has served as an advisor to the Norwegian Minsiter of Finance, and has been a visiting scholar at to the Central Bank of Belgium, the New York and Minneapolis Federal Reserve Banks, the Swedish House of Finance, the International Center for Housing Risk, and has contributed to the World Economic Forum project on real estate price dynamics.

Professor Van Nieuwerburgh earned his Ph.D. in Economics and Masters in Financial Mathematics at Stanford University and his Bachelor's degree in economics at the University of Ghent in Belgium.

Research Interests

  • Intersection of macroeconomics, asset pricing and housing

Courses Taught

  • Asset Pricing Theory
  • Foundations of Finance
  • Real Estate Investment Strategies
  • Securitization

Academic Background

Ph.D., Economics, 2003
Stanford University

M.Sc., Financial Mathematics, 2001
Stanford University

M.A., Economics, 2001
Stanford University

B.A., Economics, 1998
University of Gent, Belgium

Columbia Business School

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. His research lies in the intersection of housing, asset pricing, and macroeconomics. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds. In this area he has also worked on regional housing prices, households’ mortgage choice, commercial real estate price formation, the impact of foreign buyers on the housing market, and mortgage market design.Professor Van Nieuwerburgh has published articles in the Journal of Political Economy, American Economic Review, Econometrica, Review of Economic Studies, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and the Journal of Monetary Economics, among other journals. He is Editor at the Review of Financial Studies. He is a Faculty Research Associate at the National Bureau of Economic Research and at the Center for European Policy Research. He has served as an advisor to the Norwegian Minister of Finance, and has been a visiting scholar at to the Central Bank of Belgium, the New York and Minneapolis Federal Reserve Banks, the Swedish House of Finance, the International Center for Housing Risk, and has contributed to the World Economic Forum project on real estate price dynamics. Professor Van Nieuwerburgh was awarded the 15th Edition of the Bérnácer Prize for his research on the transmission of shocks in the housing market on the macro-economy and the prices of financial assets. The Bérnácer Prize is awarded annually to a European economist under the age of 40 who has made significant contributions in the fields of macroeconomics and finance.

Companies

  • Independent Director Board of Directors Moody's Investors Service (2020)
  • Earle W. Kazis and Benjamin Schore Professor of Real Estate Columbia Business School (2018)
  • David S. Loeb Chair in Finance NYU Stern School of Business (2016 — 2018)
  • Professor of Finance NYU Stern School of Business (2012 — 2018)
  • Director of Center for Real Estate Finance Research NYU Stern School of Business (2012 — 2018)
  • Associate Professor of Finance New York University Stern School of Business (2009 — 2012)
  • Assistant Professor of Finance NYU Stern School of Business (2003 — 2009)
  • Fellow 1998 Belgian American Educational Foundation, Inc. (1998 — 1999)

Education

  • PhD Stanford University (1998 — 2003)
  • Msc Stanford University (1999 — 2001)
  • MA Stanford University (1998 — 2000)
  • BA Ghent University (1994 — 1998)
  • High school diploma St-Barbaracollege (1988 — 1994)

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