Regional labour markets in the „Great Recession“: The evolution of regional unemployment rates in Germany, France and the United Kingdom in 2009. Contrary to the already encompassing literature on the differentiated effects of the “Great Recession” on states, the article takes a regional...

One important characteristic of dwellings is that housing can be regarded as an investment or asset. Our paper focuses on this function of dwellings and develops a stochastic portfolio choice model for the housing market, which is easy to incorporate into medium and large-scale macro models....