This paper describes the development of a portfolio balance model for an open economy with endogenous asset supply. Domestic producers finance capital goods through credit and bonds according to debt capital costs as well as equity assets. Private households hold a portfolio of domestic and...

Purpose – The purpose of this paper is to review good practice examples which promote recruitment and retention of older workers and/or the employability of workers as they age and to examine pathways of practice. Design/methodology/approach – Analysis of qualitative data, drawing on a...

Purpose – The aim of the study is to utilize cointegration techniques and analyze the degree of linkages among four key property types (retail, office, industrial, and residential) of eight major countries throughout North America and Europe. Additionally, the study evaluates whether investors...

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...

During the last decades, international trade flows of the industrialised countries became more and more intra-industry. At the same time, employment perspectives particularly of the low skilled by tendency deteriorated in these countries. This phenomenon is often traced back to the fact that...

We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...