Van Nieuwerburgh, Stijn

David S. Loeb Professor of Finance

Director at Center for Real Estate Finance Research
NBER Research Associate
CEPR Faculty Research Fellow

Joined Stern 2003

Phone: (212) 998-0673
Fax : (212) 995-4233
Office: KMEC 9-54

44 West Fourth Street
Suite 9-190
New York, NY 10012-1126

I invite you to read through a more extensive page of my research and work. A collection of journal articles, book and conference contributions, and other working papers.



  • PhD Economics at Stanford University, 2003
  • MSc Financial Mathematics at Stanford University, 2001
  • MA Economics at Stanford University, 2001
  • BA Economics at University of Gent 1998


  • Real Estate
  • Asset pricing
  • Macro-economics
  • Household finance
  • Information theory
  • Financial intermediation


  • Real Estate Investment Strategies (MBA and UG)
  • Foundations of Finance (MBA)
  • Securitization (exec MBA)
  • Fin Theory 1 - Asset pricing Theory (PhD)
  • Asset Pricing Theory seminar (PhD)


  • Dec 2017: I am on sabbatical at Columbia GSB in Spring 2018

  • Nov 2017: The European Commission endorses Sovereign bond-backed securities first proposed by the euro-nomics group to which I belong. Our April 2017 Economic Policy article is here. Our original September 2011 proposal for European Safe Bonds (ESBies) is here. An opinion piece on ESBies in the WSJ is here .

  • Oct 2017: The Center for Real Estate Finance Research held its sixth annual Fall Symposium on The State of Retail Real Estate .

  • Dec 2016: I was awarded the German Bernacer prize, given annually to a European economist under the age of 40 who has made outstanding contributions in the fields of macroeconomics and finance. My acceptance speech is here.

  • Aug 2016: As part of my research agenda on U.S. mortgage market reform, I published Phasing Out the GSEs in the JME and a review article in the ARFE. An earlier book on GSE reform was published with Princeton University Press in March 2011. An executive summary plus a new evaluation of the Obama administration's February 2011 proposals for reform can be found here. An opinion piece on home ownership subsidies in the New York Times of August 16, 2011 is here. A November 2011 presentation at NYU Stern can be found here.

  • Jan 2016: I became Editor at the Review of Financial Studies

  • Jan 2016: I was elected to the Board of the American Real Estate and Urban Economics Association