This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view...

This article explores a country’s utility maximization behavior for the Olympic Games when uncertainty exists in medal production. An application of the theoretical model developed shows that, when the Eastern bloc pays relatively lower (higher) costs to win medals, as the overall welfare...

This paper uses a dynastic model with intergenerational altruism to analyse rural-urban migration during times of high unemployment rates and low expected income, and to explain the higher mobility of young generations. Different dynastic utilities between generations lead to conflicts between...

This paper empirically examines the exchange rate pass-through elasticity, using sheep meat exports from the two major exporters, Australia and New Zealand. The results show the coexistence of incomplete and complete pass-through in the international sheep meat industry. The Australian sheep...