We analyse the multiple channels of influence that GFC-induced credit restrictions had on New Zealand's subnational housing markets. Our model isolates dynamics caused by impacts on the supply and the demand sides of the market. These dynamics are compared to those caused by a migration shock, a...

The extent to which exogenous international agricultural price fluctuations are internalized by rural communities is of major interest for policy-makers concerned with regional economic performance. So too is the link between rural sector performance and urban outcomes, especially in...

We place regional industry structures at centre stage in currency union analysis, decomposing differences between regional and aggregate cycles into industry structure and industry cycle effects. The industry structure effect indicates whether a region's industry structure causes its cycle to...