SELECTED WORKS
of Jaime P. Luque
Jaime Luque is a Full Professor of Real Estate at ESCP Business School, where he directs the Government of Monaco’s Real Estate Tech Program and leads the ESCP Institute of Real Estate Finance and Management. Prior to joining ESCP, he was an Assistant Professor of Real Estate at the University of Wisconsin-Madison’s School of Business. He remains a Research Fellow of the University of Wisconsin-Madison’s Center for Financial Security.
Beyond academia, Jaime serves on the Advisory Board of the European Commission — the EU’s executive branch — for housing-related matters, and advises DFX, a US capital markets social platform, on its European expansion.
Jaime’s teaching specializations include real estate finance and investments and urban economics. 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 in the United States for his educational innovations to address affordable housing development.
Jaime’s research is known for his work on housing affordability, including subprime mortgage lending, Tax Increment Financing (TIF), Low-Income Housing Tax Credits (LIHTC), rent control, 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 has also investigated different issues related to repo and rehypothecation, securities 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’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, the Huffington Post, Le Monde, Les Echos, La Repubblica, World Economic Forum, Expansion, El País, El Mundo, and El Confidencial.