Philippe Bracke

I am Senior Manager in the Advanced Analytics Division at the Bank of England, focusing on AI strategy and leading a team of machine-learning researchers and data scientists to deliver applications across the organisation.

My work builds on over a decade of applied economic research and data science, specialising in housing markets and household finance, including roles at the Financial Conduct Authority and earlier positions at the Bank of England.

This site shares my research.

Selected publications

"Housing Consumption and Investment: Evidence from Shared Equity Mortgages" (with M. Benetton, J. Cocco and N. Garbarino), Review of Financial Studies, 35(8), p. 3525-3573, Editor's choice: lead article (2022)
"History Dependence in the Housing Market" (with S. Tenreyro), American Economic Journal: Macroeconomics, 13(2), p. 1-25 (2021)
"The Time Value of Housing: Historical Evidence on Discount Rates" (with E. W. Pinchbeck and J. Wyatt), Economic Journal 128, p. 1820-1843 (2018)
"Mortgage Debt and Entrepreneurship" (with C. Hilber and O. Silva), Journal of Urban Economics 103, p.52-66 (2018)
"House Prices and Rents: Microevidence from a Matched Data Set in Central London", Real Estate Economics, 43(2), p. 403-431, Edwin Mills Best Paper Award (2015)

Working papers

"When Discounted Rates End: The Costs of Taking Action in the Mortgage Market" (2025), with A. Belgibayeva, T. Bono, N. Clara, J. Cocco and T. Majer
"When Refinancing Meets Monetary Tightening: Heterogeneous Impacts on Spending and Debt via Mortgage Modifications" (2025), with M. Everitt, M. Fazio and A. Varadi
"Machine Learning Explainability in Finance: an Application to Default Risk Analysis" (2019), with A. Datta, C. Jung and S. Sen

Code

sbbq: Stata module to implement the Harding and Pagan business cycle dating algorithm, from:
- "How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries", Journal of Housing Economics, 22(3), p. 213-230 (2013)

Academic CV: pdf

Last update: August 2025

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