Unpacking Moving: A Quantitative Spatial Equilibrium Model with Wealth Staff Working Paper 2023-34 Elisa Giannone, Qi Li, Nuno Paixão, 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
Canadian housing supply elasticities Staff Analytical Note 2021-21 Nuno Paixão We explain how housing supply elasticities for Canadian cities are estimated. The procedure we use exploits the systematic differences in various cities’ sensitivity to regional house-price cycles. Content Type(s): Staff research, Staff analytical notes Topic(s): Housing JEL Code(s): R, R1, R14, R3, R31, R5, R52