The financial crisis showed, once again, that neglecting real estate booms can have
disastrous consequences. In this paper, we spell out the circumstances under which a more …

We analyze the impact of trade-induced income shocks on the size of local government and
the provision of public services. Areas in the United States with declining labor demand and …

This paper studies the association between current account and real estate valuation across
countries. We find a robust and strong positive association between current account deficits …

In this article, the authors examine the dynamics of the correlation and volatility of REITs,
stocks, and direct real estate returns using monthly data from January 1987 to May 2008. In …

We examine how corporate real estate market participants adjust to the take-off of
teleworking. We develop an index for the exposure of counties to teleworking in France by …

We provide evidence that changes in lender optimism can lead to excessive fluctuations in
credit spreads across the credit cycle. Using data on the real estate properties of loan …

This article identifies a set of location incentives created by New York's charter school
financing and accountability provisions. We then use regression models to examine the …

This paper studies the interaction between housing market sentiment and government
interventions. With a unique micro-level data from China, we construct a housing market …

Numerous studies have focused on the ripple effect in housing markets; however, these
studies often fail to grasp the critical role of commercial real estate land use when forming a …

In this article, we estimate the risk spillovers among 74 US Real Estate Investment Trusts
(REITs) using the state‐dependent sensitivity value‐at‐risk approach. This methodology …