Research


Working Papers

Urban Density and Firms’ Stock Returns, with Mahsa Memarian
Under revision

Portfolio Choice with House Value Misperception, with Stefano Corradin and Jose Fillat
Under revision

Housing Wealth, Health and Deaths of Despair, with Ariadna Jou and Nuria Mas

Omitted Variable Bias and the Housing Wealth Effect, with Narayan Bulusu and Jefferson Duarte
* Online appendix

Refereed Publications

The Effect of Financial Flexibility on Payout Policy, with Anil Kumar
Journal of Financial and Quantitative Analysis (Forthcoming) https://doi.org/10.1017/S002210901800114X
* Online appendix

The Big Short: Short Selling Activity and Predictability in House Prices, with Pedro Saffi
Real Estate Economics (Forthcoming) http://onlinelibrary.wiley.com/doi/10.1111/1540-6229.12219/abstract
* Online appendix

The Effects of Interest Rates on the Valuation of Highway Infrastructure Assets
Transportation Management (Forthcoming) http://dx.doi.org/10.24294/tm.v0i0.524

The Term Structure of Interest Rates with Housing
Journal of Banking and Finance, 2018, Vol. 94, pp. 221-234. https://doi.org/10.1016/j.jbankfin.2018.08.005

Optimal Portfolio Choice with Predictability in House Prices and Transaction Costs, with Stefano Corradin and Jose Fillat
Review of Financial Studies, 2014, Vol. 27, pp. 823-880.
* Data file with the indicator of periods of high expected growth in house prices
* Online appendix

How Does the Yield Curve Influence Real Estate Markets and Vice Versa?
Moneda y Credito, 2012, Vol. 234, pp. 97-122.

Other Publications

Toll Road Securitization: A Global Approach to Project Finance, with Juan Argote
Harvard Deusto Finanzas & Contabilidad, 2010, Vol. 98, pp. 58-73 (in Spanish) 

Booms-and-Busts in House Prices Explained by Constraints in Housing Supply, with Narayan Bulusu and Jefferson Duarte
Bank of Canada WP, 2013, 18.

Seminars and Conference Presentations

2019

Conferences: ASSA/AREUEA Annual Meeting in Atlanta, USA; MIPIM in Cannes, France; SED Meeting in Saint Louis, USA; AREUEA International Meeting 2019 in Milan, Italy; Real Estate Finance and Investments Symposium in Cambridge, UK (expected)

2018

Seminars: CaixaBank; Aarhus University

Conferences: MIPIM in Cannes, France; Expo Real in Munich, Germany

2017

Conferences: ASSA/AFA and ASSA/AREUEA Annual Meeting in Chicago, USA; MadBar Workshop in Barcelona, Spain; Meeting of the Urban Economics Association (UEA) and North American Meetings of the Regional Science Association International (NARSC) in Vancouver, Canada

2016

Conferences: ASSA/AREUEA Annual Meeting in San Francisco, USA; Summer Real Estate Symposium in Park City Utah, USA; European Finance Association (EFA) Annual Meetings in Oslo, Norway; Real Estate Finance and Investments Symposium in Cambridge, UK

2015

Seminars: University of Zurich; University of Konstanz

Conferences: Housing-Urban-Labor-Macro (HULM) Conference in Chicago, USA

2013

Conferences: ASSA/AREUEA Annual Meeting in San Diego, USA

2012

Seminars: Universitat Pompeu Fabra

2011

Conferences: ASSA/AREUEA Annual Meeting in Denver, USA; XXIV Symposium Moneda y Credito – Fundacion Banco Santander in Madrid, Spain; XIX Finance Forum of the AEFIN in Granada, Spain

2010

Seminars: Federal Reserve Board of Governors; George Washington University

Conferences: Financial Management Association (FMA) Meetings in New York, USA; XVIII Finance Forum of the AEFIN in Elche, Spain

2009

Seminars: IESE Business School-ESADE Business School; University of Amsterdam; CEU Cardenal Herrera-University of Alicante; University of the Basque Country; University of Navarra; CaixaBank

Conferences: European Finance Association (EFA) Annual Meetings in Bergen, Norway; Econometric Society European Meetings in Barcelona, Spain; European Financial Management Association (EFMA) Annual Meetings in Milan, Italy; Summer Real Estate Symposium at the Annual Conference of the Western Finance Association (WFA) in San Diego, USA; XVII Finance Forum of the AEFIN in Madrid, Spain

2008

Seminars: University of Illinois at Urbana-Champaign (College of Business); Rice University (Jesse H. Jones School of Management); Imperial College (Business School); IESE Business School; Universitat Pompeu Fabra; University of Amsterdam; Stockholm School of Economics; CUNY (Baruch College); Federal Reserve Board of Governors; ESSEC Business School; University of California Irvine (The Paul Merage School of Business); University of North Carolina (Kenan-Flagler Business School); University of California Berkeley (Haas School of Business)

Conferences: Western Finance Association (WFA) in Hawaii, USA

2007

Seminars: University of California Berkeley (Haas School of Business)

Conferences: Transportation Research Board Annual Meeting in Washington DC, USA; World Conference on Transport Research in Berkeley, USA