Jaime Luque joined the Wisconsin School of Business as assistant professor in the
Department of Real Estate and Urban Land Economics in September 2012. Jaime has
previously taught at the Department of Economics at the Carlos III University of Madrid. 

Jaime’s academic research focuses on securities and mortgage markets, urban economics,
and public policy and central banking. Jaime’s research has been published in journals
such as Journal of Economic Theory, Journal of Public Economics, and Regional Science and
Urban Economics. He has also written opinion pieces for the Financial Times and La
Repubblica, as well as for the Vox.eu and Eurointelligence economics op-ed sites. 



A Volatility-based Theory of Fiscal Union Desirability (with Massimo Morelli and José Tavares), Journal of Public Economics (2014)

Heterogeneous countries may rationally choose to form a currency union first, and a fiscal union...



Did the Euro Change the Effect of Fundamentals on Growth and Uncertainty? (with Abderrahim Taamouti), B. E. Journal of Macroeconomics (2014)

We present empirical evidence on whether the introduction of the euro has changed the effect...



Wages, local amenities and the rise of the multi-skilled city, Annals of Regional Science (2014)

This paper examines a set of necessary and sufficient conditions under which equilibrium involves mixing...



Heterogeneous Tiebout Communities with Private Production and Anonymous Crowding, Regional Science and Urban Economics (2013)

This paper provides a general equilibrium model where jurisdictions offer not only public goods, but...



Securities Market Theory: Possession, Repo and Rehypothecation (with Jean-Marc Bottazzi and Mario Pascoa), Journal of Economic Theory (2012)

By introducing repo markets we understand how agents need to borrow issued securities before shorting...


Working papers

Dollar Shortage, Central Bank Actions, and the Cross Currency Basis (with Jean-Marc Bottazzi and Mario Pascoa) (2014)

Cross-currency basis is built as an equilibrium price in a market where funding abilities in...


Exchanges as Trading Clubs: Endogenous Market Structures (with Marta Faias) (2014)

An exchange provides several (costly) facilities to its traders, e.g., platform and information. Traders may...


A Spatial Model of Hospital Choice with Endogenous Jurisdiction Frontiers: Implications for the Use of Distance to Hospitals as an IV (with Elad Dokow and David Vanness) (2014)

We consider a parsimonious model with a network of medical centers where residents in the...




The euro and economic uncertainty in debt crises (with Abderrahim Taamouti), VoxEU.org (2012)

When economies are on the down, uncertainty is on the up – particularly during a...



The case for a fiscal union beyond the Eurobond (with Massimo Morelli and José Tavares), Eurointelligence (2011)


L'unione fiscal svolta per l'Europa (with Massimo Morelli and José Tavares), La Repubblica (2011)