In the literature, we always associate banking crises to currency crises, but the latest crisis brought specific attention to the real estate market and its movements. This study looks at the real estate and financial market turning points in the UK and USA. To achieve this, we conducted a study...

The aim of this study is to investigate transmission mechanisms between real estate and financial and monetary spheres. When we look across countries, there appears to be some correlation historically between declines in real estate prices and financial instability. The existing literature on...

We develop and estimate an equilibrium search model of the housing market with aggregate shocks. Our purpose is to quantify the spillover effects between housing market and the wider economy. We investigate two potential mechanisms. First, we aim to understand to what extent individual shocks,...

Attitudes towards uncertainty have been indicated to be highly context-dependent, and to be sensitive to the measurement technique employed. We present data collected in controlled experiments with 2939 subjects in 30 countries measuring uncertainty attitudes through incentivized measures as...

This paper analyzes the dynamic interactions between real estate markets, in the US and the UK and their macroeconomic environments. We apply a new approach based on a dynamic coherence function (DCF) to study these interactions bringing together different real estate markets (the securitized...

ERES:conference

This paper aims to evaluate the perception of Malaysian facilities management (FM) stakeholders on the importance of innovation in the delivery of FM services. This research adopts an extensive literature review on innovation in the generic business environment and adapts the findings to the FM...

The location choice of office firms is assumed to be primarily driven by the opportunities for face-to-face contacts; a concept strongly linked with agglomeration economies. However, it is recognised that other factors, such as prestige and image might also explain why firms prefer certain...

Recent data availability has allowed real estate researchers to dig deeper into the property market dynamics. This is the case of Madrid where, by and large, lessons on office markets have been extracted from the studies of other markets as those of United Kingdom, Germany or US. This paper...