Jaime P. Luque holds the Government of Monaco’s Real Estate Technology Chair and is a Full Professor
of Real Estate at ESCP Business School. He is also the Director of 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’s School of Business. He remains a Research Fellow of
the University of Wisconsin-Madison’s Center for Financial Security.
Jaime’s teaching specializations include real estate finance and investments, 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 in the United States for his
educational innovations to address affordable housing development.
Jaime’s research is known for his work on housing affordability, including subprime mortgage lending,
Tax Increment Financing (TIF), Low Income Housing Tax Credits (LIHTC), rent control, 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 has also investigated different issues related to repo and rehypothecation, securities 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’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, Les Echos, La
Repubblica, World Economic Forum, Expansion, El País, El Mundo, El Confidencial, and El
Economista, as well as for the Vox.eu, Eurointelligence and The Conversation economics op-ed sites.