Dr. Gabriel Lee
Professor
Department of Real Estate Economics
University of Regensburg
Germany
Biography
Prof. Gabriel S. Lee, Ph.D. studied mathematics and economics at the University of Alberta (B.Sc.) and the University of Western Ontario (M.A. Economics). He earned his Ph.D. (Economics) at the University of Chicago with a thesis on "Housing Investment under Time to Build and Adjustment Costs". After various research stays, which led him among others to the University of Pittsburgh, the University of California, Davis, the University of Vienna and the University of Innsbruck, he taught as a lecturer at the Institute for Advanced Studies in Vienna. Since April 2004 he holds the Chair of Real Estate Economics at the newly founded Institute for Real Estate Management of the University of Regensburg. Professor Lee is primarily concerned with macroeconomic and financial issues and, in this context, examines the role of real estate in the investment portfolio of an economy.
Research Interest
Housing demand and investment under uncertainty, Dynamic Equilibria of Housing Search and Unemployment, Asymmetric information and economic cycles, Business cycles and their dynamics in the real estate sector, Optimum investment in the real estate sector with heterogeneous companies.
Publications
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Dorofeenko, V.;Lee, G.;Salyer, K.(2010) A New Algorithm for Solving Dynamic Stochastic Macroeconomic Models. Journal of economic dynamics & control. 34: 388-403.
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Lee, G.;Dorofeenko, V.;Salyer, K.(2011) Rational Explanations for Real Estate Price Bubbles: The Impact of Risk Shocks on Residential Property Price Volatility and the Volatility of Investment in Residential Property. Perspectives of Economic Policy.
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Lee, G.; Dorofeenko, V.; Salyer, K.(2014) Risk Shocks and Housing Supply: A Quantitative Analysis. Journal of Economic Dynamics and Control, 45: 194-219.
