Research
Working Papers
Climate Risk, Soft Information, and Credit Supply, with Laura Alvarez-Roman, Sergio Mayordomo, and Xavier Vives
Presented: AREUEA International Conference Cambridge 2023; IE University-Bank of Spain–Federal Reserve Bank of Saint Louis Conference; Catalan Economic Society Conference; Research Workshop of the MPC Task Force on Banking Analysis for Monetary Policy; Annual Workshop of the ESCB Research Cluster on Climate Change
Housing and Mortgage Markets with Climate Risk: Evidence from California Wildfires, with Paulo Issler, Richard Stanton, and Nancy Wallace
Presented: Bank of Canada; Bank of Spain; Berkeley Law; Blackrock; Columbia Business School; European Banking Authority; Federal Reserve Board; Florida State University; Northeastern University; NYU Stern; Office of Financial Research; Pennsylvania State University; Rice University; S&P Global; UCLA; UC Berkeley; Stanford GSB; AFA/AREUEA joint session at the ASSA meetings; Annual Meetings of the Urban Economics Association; MadBar Workshop; CEPR European Conference on Household Finance; NBER conference on the Financial Economics of Insurance; CREDIT conference; Annual Volatility and Risk Institute Conference; Federal Reserve Stress-Testing Research Conference; AEA meetings; NBER conference on Innovative Data in Household Finance.
Paper cited in the 2023 U.S. Economic Report of the President
Brick or Treat: Shareholder Activism and Corporate Leasing, with Fang Li and Gaizka Ormazabal
Presented: EFA Annual Meeting
Portfolio Choice with House Value Misperception, with Stefano Corradin and Jose Fillat
Presented: EFA Annual Meeting; HULM Conference; Bank of England; ASSA-AREUEA meetings; Summer Real Estate Symposium; Real Estate Finance & Investment Symposium at the University of Cambridge
Urban Density and Firms’ Stock Returns, with Mahsa Memarian
Presented: ASSA-AREUEA meetings
Publications
Political Uncertainty and Housing Markets, with Van Nguyen
Journal of Housing Economics, 2023, Vol. 61, pp. 101952.
https://doi.org/10.1016/j.jhe.2023.101952
Stock Comovement and Financial Flexibility, with Teng Huang, Anil Kumar and Stefano Sacchetto
Journal of Financial and Quantitative Analysis, 2022 (forthcoming). https://www.doi.org/10.1017/S0022109022001338
Housing Wealth, Health and Deaths of Despair, with Ariadna Jou and Nuria Mas
Journal of Real Estate Finance and Economics, 2023, Vol. 66, pp. 569–602. https://doi.org/10.1007/s11146-020-09801-5
The Effect of Financial Flexibility on Payout Policy, with Anil Kumar
Journal of Financial and Quantitative Analysis, 2020, Vol. 55, Num. 1, pp. 263-289. 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, 2020, Vol. 48, Num. 4, pp. 1030-1073. 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, 2018, Vol. 1, Num. 4, pp. 1-17. 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.
Non-Refereed 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.
Can the Common-Factor Hypothesis Explain the Observed Housing Wealth Effect?, with Narayan Bulusu and Jefferson Duarte
Bank of Canada WP, 2016-62.
Seminars and Conference Presentations
2024
Conferences: ASSA/AREUEA Annual Meeting in San Antonio, USA
2023
Conferences: MIPIM in Cannes, France; IE University – Bank of Spain – Federal Reserve Bank of St. Luis Conference on Current Challenges in Economics and Finance in Madrid, Spain; Catalan Economic Society Conference in Barcelona, Spain; AREUEA International Conference in Cambridge, UK
Seminars: IE Business School
2022
Conferences: ASSA/AEA Annual Meeting (virtual); MIPIM in Cannes, France
2021
Seminars: Penn State University
Conferences: ASSA/AFA Annual Meeting (virtual); 13th ReCapNet Conference (virtual)
2020
Seminars: European Banking Authority (virtual); Bank of Spain (virtual); CaixaBank
Conferences: NBER – Financial Economics of Insurance (virtual); CEPR European Conference on Household Finance (virtual); MadBar Workshop; Meeting of the Urban Economics Association (UEA) (virtual)
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
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