The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country panel...

In municipalities on the urban fringe in the United States, large-lot zoning is commonly thought of as a rural preservation tool. It could preserve rural landscapes by making residential lots too expensive for most homebuyers; or it could simply lead to estates that resemble farms or retain...

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...

The national pattern of house price dynamics masks considerable heterogeneity across local areas and markets; disparities are even higher looking at house price levels. In this paper we describe these structural differences across Italy, with particular focus on the role of metropolitan areas...

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...

We quantify the effect of property tax reforms implemented in Italy in 1993 and 2012 on property prices. We focus on the Italian house prices index using the Interrupted Time Series Analysis (ITSA), a statistical approach that proves to be useful when a counterfactual scenario for policy...

Sound empirical and quantitative analysis on the relationship between different patterns of urban expansion and environmental or social costs of mobility are still very rare in Europe and the few studies available provide only a qualitative discussion on this. Recently, Camagni et al. (2002)...

In this paper we present welfare estimates from a contingent valuation (CV) study which investigates the potential benefits derived by tourists from the implementation of a programme aimed at preserving the traditional agricultural landscape in a typical Mediterranean area: the National Park of...

After the Second World War, the economic development of Italy has profoundly changed the use of land. The paper investigates economic and regulatory implications of land withdrawal in Italy and the nexus with internal and external migration. The dualistic character of Italian economic...