Studies have been done on oil price volatility spillover effects on the prices of food in both pre-crisis and post-crisis periods. However, what has been sparingly studied is oil price volatility spillover effects on urban prices of food and rural prices of food. The disparity in the rural-urban...

The quot;overheatingquot; of the Chinese housing market in recent years has caught the attention of policy makers, the research community, as well as the general public. Leung and Wang (2007) shows that the qualitative features of the aggregate Chinese housing market are well captured by the...

There is an ongoing debate on whether certain sector structures enhance regional employment growth. Often, regional policies promote clusters and, hence, regional specialisation. It is commonly believed that clusters boost regional economic performance. However, in the present manuscript a...

Regional employment volatility is an undesirable phenomenon which describes a strongly fluctuating pattern of employment, thus, "instability" of a local economy. In the literature on this field, much of the attention has been paid to two main issues. First, a group studies has investigated the...

This paper performs an empirical analysis of the international cross sectional distribution of gross domestic product (GDP) growth rates and business cycles. We consider a balanced panel of 91 countries in the period 1960-2010 and two different measures of GDP fluctuations: the logarithmic...

House price volatility; lender and borrower perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether...

House price volatility; lender and borrow perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether...

House price volatility; lender and borrower perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether...

This paper measures the volatility of manufacturing employment growth across Canadian regions for the period 1976-97. It also attempts to relate the structural characteristics of regional economies to their levels of employment volatility. In particular, the analysis focuses on testing whether...

A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s, i.e., the quot;Great Moderation.quot; This paper documents the Great Moderation at the state level, finding significant heterogeneity in the timing and magnitude of states'...