Stijn Van Nieuwerburgh

Earle W. Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance at the Graduate School of Business at Columbia University

Professor Van Nieuwerburgh's research lies in the intersection of housing, asset pricing, and macroeconomics. He studies the impact of remote work on real estate valuations, affordable housing policies, the impact of foreign buyers on the housing market, mortgage market design, regional house price inequality, and mortgage choice. Another research agenda focuses on government debt and fiscal policy. He started his career at New York University’s Stern School of Business where he was an Assistant Professor of Finance (2003-2009), Associate Professor of Finance with tenure (2009-2012), Professor of Finance (2012-2015), and the David S. Loeb Professor of Finance (2015-2018). He was the inaugural Director of the Center for Real Estate Finance Research from 2012 to 2018. At NYU, he was also affiliated with the Center for Global Business and the Economy and the Marron Institute. He joined Columbia Business School in 2018 as the Earl Kazis and Benjamin Shore Professor of Real Estate. he is associated with the Paul Milstein Center for Real Estate at CBS. Professor Van Nieuwerburgh serves as the President of the American Real Estate and Urban Economics Association in 2022, after having served as its First (2021) and Second (2020) Vice President and as an elected Board member (2016-19). He also serves as an elected Board member of the American Finance Association (2022-24). Professor Van Nieuwerburgh has published articles in the Journal of Political Economy, American Economic Review, Econometrica, Review of Economic Studies, Quartely Journal of economics, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, the Journal of Monetary Economics, and the Review of Economic Dynamics, among other journals. He was Editor at the Review of Financial Studies from 2016-2021.   He is a Faculty Research Associate at the National Bureau of Economic Research and at the Center for European Policy Research and the Asian Bureau for Finance and economics 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 2016 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. In 2020, he won the TIAA Paul Samuelson Award for research on lifelong financial security for his work on combining life and health insurance. 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.