We investigate how political backlash against wealthy second home investors in high
natural amenity places affects local residents. We exploit a quasi-natural experiment: the …

We investigate the empirical link between external debt composition and domestic credit
cycles. Using quarterly data for 40 countries between 1980 and 2015, we show that two …

The politics of Tamil working-class identity in Malaysia continue to be articulated in subaltern
terms, employing term such as 'coolie', which is elsewhere an archaic usage from colonial …

Do investors reach for yield when interest rates are low and does this behavior affect the
housing market? Using the unique setting and data of 18th-century Amsterdam, I show that …

Interconnected capital markets allow mobile global capital to flow into immobile local assets.
This paper examines how foreign demand affects US housing markets, and uses this …

This paper predicts downside risks to future real house price growth (house-prices-at-risk or
HaR) in 32 advanced and emerging market economies. Through a macro-model and …

We use a unique quasi-experiment–spillovers from the imposition of purchase restrictions
on local housing to nearby unregulated cities–to study the effects of out-of-town housing …

Hace veinticinco años, cuando estaba a punto de dejar la universidad, el mundo parecía un
lugar diferente. La Guerra Fría había terminado, lo que alimentaba la esperanza de paz y …

We study the effects of foreign real estate capital flows on local asset prices and employment
using detailed housing transactions data. We document (i) a" China shock" in the US real …

Britain's industrial strategy, preoccupied with labour productivity, projects London as a role
model because of a high gross value added (GVA) to employment ratio, an approach since …