This was already the 13th time the conference was held, but this year for the first time it was organised in a hybrid format – both online and on site at the KTH Royal Institute of Technology in Stockholm – by ZEW alumnus Professor Bertram Steininger. This provided the guests on site with the opportunity to exchange scientific ideas also before and after the presentations, and at the same time it allowed as many researchers as possible from all over the world to participate who otherwise would not have attended due to travel restrictions or sustainability considerations.
Resilience as a core capability to survive crises
Professor Markus K. Brunnermeier, Edward S. Sanford Professor of Economics and director of the Bendheim Center for Finance at Princeton University, presented and discussed with the audience the results of his latest book, “The Resilient Society”. In it, he analyses how important it is not only for individuals but for society as a whole to adapt social, political, and economic structures in such a way that they can react flexibly both to crises such as pandemics or climate change, and shocks such as those caused by computer attacks or digitalisation. He illustrated his idea using the metaphor of a reed, which he contrasted with a mighty but rigid oak that could break irrevocably.
This year’s ReCapNet conference once again offered researchers from the field of real estate and capital markets the opportunity to present their latest research and have it critically reviewed and discussed by experts during the two-day event.
Selected topics included:
- the automated valuation of real estate
- the behaviour of real estate borrowers in times of digitalisation and regulation
- the impact of wildfires on housing and mortgage markets in California