Associate Professor | California Chancellor’s Chair of Real Estate and Land Economics
Finance | Real Estate | Entrepreneurship & Innovation
Researcher focused on real estate economics, household finance, and innovation.
About
Timothy McQuade is the California Chancellor’s Chair of Real Estate and Land Economics, and an Associate Professor in the Real Estate and Finance groups at the Haas School of Business, University of California, Berkeley. His core research interests lie in issues related to real estate economics, household finance, and innovation. His previous work has focused on the local welfare effects of affordable housing, the consequences of rent control, and optimal mortgage design.
Prior to Haas, McQuade was an Associate Professor at the Leeds School of Business, University of Colorado Boulder, where he also served as Research Director of the CU Real Estate Center, and an Assistant Professor of Finance at the Stanford Graduate School of Business. McQuade received his PhD in economics from Harvard University in 2013.
Expertise and Research Interests
- Optimal Mortgage Design
- Real Estate Economics
- Affordable Housing
- Household Finance
- Rent Control
- Innovation
- Timothy McQuade, Adam Guren, Arvind Krishnamurthy. Mortgage Design in an Equilibrium Model of the Housing Market. The Journal of Finance.
2020 - Timothy McQuade, Shai Bernstein, Rick Townsend. Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession. The Journal of Finance.
2020 - Timothy McQuade, Adam Guren. How Do Foreclosures Exacerbate Housing Downturns?. Review of Economic Studies.
2020 - Timothy McQuade, Rebecca Diamond, Franklin Qian. The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco. American Economic Review.
2019 - Timothy McQuade, Rebecca Diamond. Who Wants Affordable Housing in Their Backyard? An Equilibrium Analysis of Low-Income Property Development. Journal of Political Economy.
2019 - Timothy McQuade, Rebecca Diamond, Franklin Qian. Who Pays for Rent Control? Heterogeneous Landlord Response to San Francisco’s Rent Control Expansion. American Economic Review P&P.
2019 - Timothy McQuade, Stephen Walter Salant, Jason Winfree. Markets with Untraceable Goods of Unknown Quality: Beyond the Small-Country Case. Journal of International Economics.
2016 - Timothy McQuade, Stephen Salant, Jason Winfree. Regulating an Experience Good Produced in the Formal Sector of a Developing Country when Consumers Cannot Identify Producers. Review of Development Economics.
2012 - Timothy McQuade, Tilman M Börgers. Information Invariant Equilibria of Extensive Games. The B.E. Journal of Theoretical Economics.
2007
- Stochastic Volatility and Asset Pricing Puzzles
Revision requested at Journal of Finance - Who Creates New Firms when Local Opportunities Arise?
(with Shai Bernstein, Emanuele Colonnelli, and Davide Malacrino), revision requested at Journal of Financial Economics - The Contribution of Immigrants to Innovation in the United States
(with Shai Bernstein, Rebecca Diamond, and Beatriz Pousada), Charles River Associates Award for the Best Paper on Corporate Finance, WFA 2019 - Who Benefits from Rent Control? The Equilibrium Consequences of San Francisco’s Rent Control Expansion
(with Rebecca Diamond and Franklin Qian) - Consumption Responses to the Affordable Care Act: Evidence from Bank and Credit Card Data
(with Rebecca Diamond, Michael Dickstein, and Petra Persson)
At Haas since 2021
2023 – present, California Chancellor’s Chair of Real Estate and Land Economics, Haas School of Business
July 2021 – present, Associate Professor, Haas School of Business Real Estate Group
2020 – 2021, Associate Professor of Finance and Research Director CUREC, University of Colorado Boulder, Leeds School of Business
2019 – 2020, Visiting Assistant Professor of Finance, Northwestern University, Kellogg School of Management
2013 – 2020, Assistant Professor of Finance, Stanford University Graduate School of Business
R. Michael Shanahan Faculty Scholar
2019 – 2020
Louise and Claude N. Rosenberg Jr. Faculty Scholar
2018 – 2019, 2017 – 2018
Stanford GSB Distinguished Teaching Award Finalist
2017
Stanford GSB Distinguished Teaching Award Recipient
2019
Stanford GSB Distinguished Teaching Award Finalist
2018
Review of Economic Studies European Tour
2013
Philip F. Maritz Faculty Fellow
2015 – 2016
Harvard Dissertation Completion Fellowship
2012 – 2013
Top Finance Graduate Award
2013
Fernando Honors Prize for Most Outstanding Senior in Economics
2008
Thesis Prize for Best Undergraduate Thesis in Economics
2008
Michigan Mathematics Merit Scholar
2008
Harvard Graduate Fellowship
2009
- What is Pacaso and what does fractional ownership mean for the Coachella Valley?, Desert Sun, 10/18/2021