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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
We provide theory and evidence on the relationship between globalization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an ...Read more...
Pol Antras, Stephen J. Redding and Esteban Rossi-Hansberg
1 April 2023