Elisa Giannone

Author

Staff working papers

Unpacking Moving: A Quantitative Spatial Equilibrium Model with Wealth

Staff Working Paper 2023-34 Elisa Giannone, Qi Li, Nuno Paixao, Xinle Pang
We propose a model to understand low observed migration rates by considering the interaction between location and wealth decisions. We look at different policies and find that temporary moving vouchers only slightly increase welfare, while lower housing regulations can decrease the welfare gap by lowering house prices nationwide.
Content Type(s): Staff research, Staff working papers Topic(s): Housing, Regional economic developments JEL Code(s): G, G5, G51, R, R1, R12, R13, R2, R3, R31, R5, R52

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