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About Jaime P. Luque

Jaime P. Luque is Associate Professor of Economics at ESCP Europe (Madrid campus), where he holds the BNP Paribas Professorship in Real Estate. 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 Developmentpublished 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, La Repubblica, Expansion, and Cinco Días, as well as for the, 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. 


Present Associate Professor, ESCP Europe ‐ Madrid Campus

Curriculum Vitae

Research Interests

General equilibrium applied to financial and real estate markest

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Professional Service and Affiliations

Faculty Fellow, Center for Financial Security, University of Wisconsin-Madison
Faculty Director, Institute of Real Estate Finance and Management
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Honors and Awards

  • 2017 "Ideas Teaching Award" by the Aspen Institute


  • Macroeconomics
  • Real Estate Finance
  • Regional and Urban Economics

Contact Information

ESCP Europe Business School
Calle Arroyofresno 1
28035, Madrid


Publications and working papers (18)

Books (4)