Purpose: This paper aims to analyze the question of how household indebtedness impacts households’ incentives to search for and accept work after displacement. Design/methodology/approach: To analyze the relationship between household indebtedness and unemployment duration, this paper applies...

Since the 1980s, income inequality has increased substantially in several countries. Yet the political logic that triggered rising inequality in some places but not in others remains poorly understood. This paper builds a theory that links central bank independence to these dynamics. It posits...

Purpose – This paper inquires into the root causes of global imbalances from an international trade perspective. The purpose of the paper is to establish a conceptual framework that links financial market governance, international trade and financial market integration, and to derive...