Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

Research

My academic research has three main areas of focus. One is the modern Irish housing market, including the determinants of sale and rental prices (and the relationship between the two) at the level of the market and the level of the individual property. Some of my published work in this area examines the relationship between credit conditions and housing market outcomes and, as part of the I-HAVE and CONSEED projects, how specific amenities, such as energy efficiency, flood risk or employment by foreign-owned firms, affect the price of homes. A second area of research focus is housing markets over the long run. While housing has for generations been both one of the main services we spend our incomes on, and the main asset in the typical household’s portfolio, we know very little about the path of housing prices, on a like-for-like basis, over longer time-spans. I am working on new housing price indices, for Ireland, the US (with generous funding from the Lincoln Institute and the NSF) and Canada, typically from the late 19th century, with a view to better understanding how housing markets work, the true path of housing prices over the long run, and what that means for our understanding of growth in prices, living standards and wealth. My final area of research focus is Irish economic history. This is a broader canvas and includes analysis of Irish equity prices since the early 19th century and the impact on Ireland’s economic development of various factors, including the Act of Union, the introduction of rail, subsidised housing for agricultural labourers, and the Great Depression and Anglo-Irish Trade War.

Below is a list of articles published in peer-reviewed journals, other publications (in particular book chapters) and an overview of my work-in-progress. My academic CV is available here and you can also check out my profile on RePEc, ORCID and Google Scholar.

Published articles

Books and book chapters

  • “Housing Market: Supply, Pricing and Servicing Issues”. In John O’Hagan and Francis O’Toole (eds), The Economy of Ireland – Policy & Performance (13th edition). London: Palgrave MacMillan, 2017. Draft version here.
  • “Housing and Austerity: A Two-Way Street”. In Emma Heffernan, John McHale and Dr Niamh Moore-Cherry (eds), Debating Austerity in Ireland. Dublin: Royal Irish Academy, 2017. Draft version here.
  • “The spread of rents in Ireland, over time and space,” in Lorcan Sirr (ed), Renting in Ireland. Dublin: Institute of Public Administration, 2014. Draft version here.
  • “Inside a Bubble and Crash – Evidence from the Valuation of Amenities”, in Morten Balling (ed), Property Prices and Real Estate Financing in a Turbulent World. Vienna: SUERF/Austrian National Bank, 2013. Working paper version here.
  • Next Generation Ireland, with Edward Burke (editors), Dublin: Blackhall Press (now Orpen Press), 2011.
  • “Towards Perfect Information: The Case of the Housing Market”, in Stephen Kinsella & Anthony Leddin (eds.), Understanding Ireland’s Economic Crisis: Prospects for Recovery. Dublin: Blackhall Press (now Orpen Press), 2010.

Under review and work-in-progress

  • Debt and Taxes: The Sale-Rent Housing Price Ratio in Dublin since 1945“, with Richard Keely. R&R at Journal of Real Estate Finance & Economics.
  • Picture or Playground: Valuing Coastal Amenities“, with Tom Gillespie and Stephen Hynes. Trinity Economic Papers tep0518, May 2018. Under review. Sample media coverage: Irish Times, thejournal.ie, Irish Examiner, World Property Journal.
  • “Flood Defences Work: What Housing Markets Tell Us”. Joint with Tom Gillespie (NUIG) and Thomas McDermott (NUIG).
  • “Energizing Homebuyers: Experimental evidence on how including energy costs changes housing market outcomes”. Joint with James Carroll & Eleanor Denny (TCD). Part of the CONSEED project funded by the European Commission as part of Horizon 2020.
  • “Long-run patterns and shifts in wealth – Insights from Irish equities since 1825”. Joint with Richard S. Grossman, Masami Imai (both Wesleyan), & Kevin H. O’Rourke (NYU Abu Dhabi).
  • “The House that the Union Jack Built – Social housing and the spread of population in Ireland.” Joint with Alan de Bromhead (QUB).
  • “Bullet or Magnet? Rail and Ireland’s Post-Famine Economic Development”. Joint with Alan Fernihough (QUB).
  • “Shock of the Union: Economic policy and the long-run pattern of trade”. Joint with Dan Bogart (UC Irvine), Hannah Kling (Belmont Abbey) and Patrick Walsh (TCD).
  • “Housing Prices and the Standard of Living in the United States since the Civil War”. Joint with Rowena Gray (UC Merced) and Allison Shertzer (Pittsburgh). Funded by the National Science Foundation.
  • “Insights into urbanization from a century of Dublin housing prices”, with Richard Keely. Presented at EHA 2015 & AREUEA-ASSA 2018.
  • “Paying for free education: The relationship between house prices and schools in Ireland”. Joint with Brian Higgins (Stanford) and Finn McLaughlin (TCD). Sample media coverage here, here and here.

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