Results

CEP discussion paper

On the economic impacts of mortgage credit expansion policies: evidence from help to buy

Mortgage credit expansion policies – such as UK’s Help to Buy (HtB) – aim to increase access to and affordability of owner-occupied housing and are widespread around the world. We take advantage of spatial discontinuitie...Read more...

Journal article

Journal of Economic Geography:

The preservation of historic districts - Is it worth it?

Read more...

CentrePiece article

In brief... Investing in roads

Between 1990 and 2010, China constructed an extensive modern road network, including a national system of limited access highways. Vernon Henderson and colleagues investigate the impact on the growth of Chinese cities an...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Preservation of Historic Districts - Is it Worth it?

I investigate the welfare effect of conservation areas that preserve historic districts by regulating development. Such regulation may improve quality of life but does so by reducing housing productivity – the efficiency...Read more...

CEP discussion paper

Wage flexibility and employment fluctuations: evidence from the housing sector

Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this co...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Highways, Market Access and Urban Growth in China

We investigate the effects of the construction of the national highway system in China on local economic outcomes. The analysis employs three main approaches. The first is based on a structural model of Ricardian trade t...Read more...

CEP discussion paper

Unemployment in the Great Recession

This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of 2008-09 by making use of Beveridge curve analysis, and in the entire OECD with other techniques. It is ...Read more...