This paper comments on the industrial structure of developing countries' Export-Processing free Zones (EPZs). As developing countries are exposed to irrecoverable entry costs in international markets, the relationship between export supply and exchange rates has been shown to be persistent. In...

Despite its strong theoretical position when it comes to explaining inflation in transition economies, the empirical findings of the Balassa–Samuelson (B–S) effect assign only a minor role to structural inflation – to the disappointment of analysts and policymakers. This article points to...

This article comments on trade union behaviour and the fair-share rule of McDonald and Solow (1981) 'Wage bargaining and employment', American Economic Review, Vol. 71, pp.896–908. A small intertemporal model of union behaviour which shows how the fair-share rule only is valid in long run...

Housing market analysis is normally rooted in one of two distinct modeling frameworks. Either in one where house prices are residually determined by changes in macroeconomic variables such as interest rates, wages, inflation, unemployment and the cost of construction. This approach ignores...

This paper comments on the procyclicality of mortgage lending. By applying a framework for credit constraints along the lines of Kiyotaki and Moore (1997), the credit risk assessments underlying mortgage lending is shown to contain a potential regime shift. Depending on the relationship between...

This paper presents a model for the pricing of exports that relates exchange rate pass-through to the planning horizon of firms. Exchange rate pass-through is often analysed assuming exporters have short horizons, even though a number of arguments can be applied for why longer horizons govern...

This paper comments on the industrial structure of developing countries' Export-Processing free Zones (EPZs). As developing countries are exposed to irrecoverable entry costs in international markets, the relationship between export supply and exchange rates has been shown to be persistent. In...

Purpose – The purpose of this paper is to highlight the importance of home equity and the interplay between market segments for housing market developments. The intention is to show that it is not only the aggregate equity gain but also the distribution of equity gains between segments that...

This paper studies modeling of nonignorable nonresponse in panel surveys. A class of sequential conditional logistic models for nonresponse is considered. Model-based maximum likelihood estimation and imputation are used for estimating population proportions. Various models are evaluated, and...