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Jaime P. Luque is Associate Professor of Economics at ESCP Business School (Madrid campus), where he holds the BNP Paribas Professorship in Real Estate. He is also the Academic Director of the MSc in Real Estate, the MSc in Hospitality and Tourism Management, and the Institute of Real Estate Finance and Management. Prior to joining ESCP in July 2018, he was an Assistant Professor of Real Estate at the University of Wisconsin-Madison School of Business.
 
Jaime’s main academic research applies general equilibrium theory to financial and real estate markets. He has conducted research on the consequence of repo and rehypothecation on security pricing and market pressures. This line of research evolved towards the understanding of leverage dynamics, security bubbles, anomalies in currency markets, and banks’ portfolio rebalancing in sovereign debt crises.
 
Jaime has also investigated different issues related to housing affordability, including subprime mortgage lending, Tax Increment Financing (TIF), Low Income Housing Tax Credits (LIHTC), and mixed income communities. His book Affordable Housing Development published by Springer provides insights and practical demonstration of important financial tools often necessary to the financial feasibility of affordable housing projects, including TIF and LIHTC.
 
Jaime’s research has been published in journals such as Journal of Economic Theory, Journal of Public Economics, Economic Theory, Real Estate Economics, and Regional Science and Urban Economics. He has also written opinion pieces for the Financial Times, Expansion, La Repubblica, and the Huffington Post, as well as for the Vox.eu, Eurointelligence and The Conversation economics op-ed sites.
 
Jaime's teaching specializations include real estate finance, real estate economics, urban economics, and macroeconomics. He has taught in the MBA, MSc and BBA programs. Jaime is the recipient of the 2017 Ideas Worth Teaching Award by The Aspen Institute Business and Society Program for his educational innovations to address affordable housing development.

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14 publications

Journal Article

2019

LUQUE, J., E.DOKOW

Provision of Local Public Goods in Mixed Income Communities

JOURNAL OF HOUSING ECONOMICS

Book

2019

LUQUE, J., N.IKROMOV, W.NOSEWORTHY

Affordable Housing Development: Financial Feasibility, Tax Increment Financing and Tax Credits

Springer, 131 p.

Journal Article

2018

LUQUE, J.

Assessing the Role of TIF and LIHTC in an Equilibrium Model of Affordable Housing Development

REGIONAL SCIENCE AND URBAN ECONOMICS

Journal Article

2017

LUQUE, J., M.FAIAS

Endogenous Formation of Security Exchanges

ECONOMIC THEORY, 64 (2), 331–355

Journal Article

2017

LUQUE, J., M.FAIAS

Cross-listed Securities and Multiple Exchange Memberships

B.E. JOURNAL OF THEORETICAL ECONOMICS, 18 (1)

Journal Article

2017

LUQUE, J.

Cross-border Residential Lending: Theory and Evidence from the European Sovereign Debt Crisis

REAL ESTATE ECONOMICS

Book

2017

LUQUE, J.

The Subprime Crisis: Lessons for Business Students

World Scientific

Book

2017

LUQUE, J.

Rays of Research on Real Estate Development

Business Expert Press

Book

2015

LUQUE, J.

Urban Land Economics

Springer

Journal Article

2014

LUQUE, J.

Wages, Local Amenities, and the Rise of the Multi-skilled City

ANNALS OF REGIONAL SCIENCE