Rui
Address:
Department of
Economics and Finance
Phone: (646) 312-3494
Fax: (646) 312-3451
Web: http://faculty.baruch.cuny.edu/ryao/
Teaching: http://faculty.baruch.cuny.edu/ryao/fin3710/
http://faculty.baruch.cuny.edu/ryao/fin4777/
http://faculty.baruch.cuny.edu/ryao/ref4200/
Email: rui_yao@baruch.cuny.edu
·
B.S. in Real Estate and Urban Planning
·
Graduate Studies in Economics
·
Ph.D. in Finance
·
Title: Essays in Optimal Consumption and Portfolio
Choices with Risky Housing
and
Stochastic Labor Income
·
Winner of first place in The American Real Estate and Urban
Economics (AREUEA)
Homer
Hoyt Institute Annual Dissertation Award 2003
·
Research: Portfolio choice,
real estate finance, housing, mortgage
·
Teaching: Investment, Real
estate
PUBLICATIONS
The Life-Cycle Effects of House Price Changes
(with Wenli Li), Journal of Money, Credit and Banking, forthcoming.
How Do
House Price Changes Affect Consumption? (with Wenli Li). Federal Reserve Bank of
Optimal
Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints (with
A Proportional Hazard Model
of Commercial Mortgage Default with Originator Bias (with Brian A. Ciochetti, Gail
Lee, James Shilling and
The Termination of
Lending Relationships through Prepayment and Default in the Commercial Mortgage
Markets: A Proportional Hazard Approach with Competing Risks (with Brian A. Ciochetti, Bin Gao
and
Optimal
Life-Cycle Asset Allocation with Housing as Collateral (with
Identification of Intra-temporal
Elasticity of Substitution Parameter in The Presence of A Housing Adjustment
Cost: A Simulation Approach (with Robert F. Martin and
David Morris). July 2005
Time to First
Home Ownership: Theory and Empirical
Evidence (with Don Haurin). September 2005
Asset Location and Allocation with Risky Housing and Tax-Deferred
Investing (with
PRESENTATIONS
·
Econometric Society Winter
Conference,
January 2006,
·
Econometric Society World
Congress,
August 2005,
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Western
Finance Annual Meeting,
·
AREUEA, January 2005,
·
Symposium on Asset
Allocation and Pension Management,
·
·
AREUEA
Mid-Year Meeting,
·
Society
of Economic Dynamics Summer Meeting,
·
American
Real Estate Society Annual Meeting, FL, May 2004, Optimal Consumption and Mortgage Choices with Housing and Labor Income
Risks.
·
Western
Finance Annual Meeting,
·
ASSA/AREUEA
Annual Meeting,
·
ASSA/AREUEA
Annual Meeting,
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ASSA/AREUEA
Annual Meeting,
·
Asian
Real Estate Society Annual Meeting,
·
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·
·
·
·
Wharton
Real Estate Seminar, October 2004, Optimal
Consumption and Mortgage Choices with Labor Income and House Price Risks.
·
·
·
Federal
Reserve Board of Governors, August 2002, Optimal Consumption and Portfolio Choices with
Risky Housing and Borrowing Constraints.
·
·
University
of
·
University
of
·
Fannie
Fae, Credit Policy Group seminar, January 2002, Optimal Consumption and Portfolio
Choices with Risky Housing and Stochastic Labor Income.
·
·
·
Assistant
Professor of Economics and Finance
·
Introduction to Investment Analysis (Fin
3710).
·
Real Estate Principles (Fin
4777).
·
Teaching
Evaluation: 4.3/5.0.
·
Lecturer Introduction
to Corporate Finance (Busi180). KFBS
undergraduate business major core course. Fall 1999, Spring
2001.
·
Teaching
Evaluation: 4.8/5.0.
· Teaching Associate Physics 8B.
Required Lab Course for Juniors and Seniors Physics
and Engineer Majors at UCLA. (Winter 1997 Spring 1998).
· Teaching Evaluation: 8.5/9.0. Special letter of appreciation
from the Chairperson of the Department of Physics and Astronomy.
AWARDS
AND HONORS
Selected
Grants
·
PSC-CUNY
Research Grant July 2005 June 2006.
·
PSC-CUNY
Research Grant July 2004 June 2005.
·
PSC-CUNY
Research Grant July 2003 June 2004.
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·
·
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Awards,
Fellowship and Scholarship
·
·
Zicklin
Fellowships, 2002, 2003
·
First
place of The American Real Estate and Urban Economics Association (AREUEA)
Homer Hoyt Institute Annual Dissertation Award, 2003
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