São Paulo's metropolitan area is one of the largest urban spaces in the world. As it happens with any other large metropolitan area, understanding its structure, problems and dynamics is not a simple task. The structure of cities has been studied by urban economics ever since von Thünen’s...

Every year during the second and thirdquarters (the hot seasonʺ) housing markets in the UK and the US experience systematic above-trend increases in both prices and transactions. During the fourth and first quarters (the cold seasonʺ), house prices and transactions fall below trend. We propose...

We provide an analysis that might help distinguish rationally justified movements in house prices from potentially non-rational movements, using a two-sector business cycle model, in which investment in housing is subject to collateral constraints. A large portion of the evolution of U.S. house...