La mayor parte de la literatura que aborda la gestión de bienes en régimen de propiedad común parte del supuesto que los propietarios ejercen simultáneamente su derecho de uso. Menos atención se le ha prestado al derecho de exclusión (la propiedad sobre un bien faculta no sólo a usarlo,...

This article seeks to shed light on the puzzle of productivity after the 2008 crisis in the United States, the United Kingdom and the main countries in the Euro Zone. First of all, we calculate the productivity according to the Solow model. Afterwards, we study the TPF cycle in each country...

The article focuses on maturity mismatching of loans in OECD economies during the last housing boom (which ended with the subprime mortgage crisis in 2007). Our model gives rise to an indicator measuring how strong the incentives for speculation were. The indicator is also used to estimate the...

In this article, we show that the recent financial crisis has significantly affected the potential total factor productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced-form equation of TFP, based on an approach recently...