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We investigate the impact of housing supply on affordability in rapidly appreciating subnational markets in Portugal. Our spatial econometric model confirms a negative relation between housing stock and prices, yet predi...Read more...
Luis Carvalho, Diogo Ribeiro and Hugo de Almeida Vilares
10 December 2025
Urbanization has transformed cities into the economic hubs of high-income countries, yet concerns about declining social capital persist. This paper investigates the impact of changes in neighbourhood composition on soci...Read more...
Nicola Fontana
2 July 2025
A simple open economy asset pricing model can account for the house price and current account dynamics in the G7 over the years 2001-2008. The model features rational households, but assumes that households entertain sub...Read more...
Klaus Adam, Pei Kuang and Albert Marcet
21 July 2011