temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in … particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor … renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare …

-meter rent by 1.8 percent on average. This marginal effect tends to be smaller in districts with a higher Airbnb density. However …, these district experienced a larger slowdown in rent increases following the reform due to larger reductions in Airbnb …We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets …

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial … sparse. To illustrate the functionality, we generate a panel of German property prices and rents that is unprecedented in its … the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the …

estimated on a panel of 48 mainland U.S. states and the District of Columbia using the training sample (1976-1999), and shown to …