Jaime P. Luque is Associate Professor of Economics at ESCP Business School (Madrid campus), where he holds the Monaco Real Estate Technology Innovation Chair and serves as Director of the BNP Paribas Real Estate Advanced Program. He is also the Academic Director of the MSc in Real Estate, the MSc in Hospitality and Tourism Management, and the ESCP Institute of Real Estate Finance and Management. Prior to joining ESCP in July 2018, he was an Assistant Professor of Real Estate at the University of Wisconsin-Madison School of Business.
Jaime’s main academic research applies general equilibrium theory to financial and real estate markets. He has conducted research on the consequence of repo and rehypothecation on security 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 has also investigated different issues related to housing affordability, including subprime mortgage lending, Tax Increment Financing (TIF), Low Income Housing Tax Credits (LIHTC), 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’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, El País, El Mundo, Expansion, and La Repubblica, as well as for the Vox.eu, Eurointelligence and The Conversation economics op-ed sites.
Jaime's teaching specializations include real estate finance, real estate economics, urban economics, and macroeconomics. 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 Business and Society Program for his educational innovations to address affordable housing development.