…to support such high prices, there will be a sub-intrinsic- value bubble – a condition in which prices, although lower than NPVs, are unsustainable due to unserviceable debt. The suggested…
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Traditionally most home buyers in the US need a mortgage and the current system of mortgage origination creates an incentive for borrowers to offer bids on homes far higher than…
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The Economic and Monetary Union was constructed on poor foundations which sought to impose inappropriate macroeconomic policies. This construction did not pay heed to the differences between countries with regard…
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…organizations in Los Lagos adapt knowledge from frontier clusters abroad, they are the basis of knowledge generation in Qiaotou. Whatever the differences, the role of government through institutional change has…
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…of the cycle. Improving our knowledge of the differences in the expansionary dynamics of countries and regions, can further our understanding of the differences in their rates of growth and…
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…on the grounds that valuing financial assets is a matter of judgment. Financial assets do not have any intrinsic utility; hence allowing markets to price them implies their price changes…
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…(CLAAS) – that differentiates regional students, faculty, and academic units from the university’s elite “public ivy” brand. The university established a new set of boundaries between its main and regional…
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…and thus, that only those economic and political actors who manage to produce and make use of the rarest innovations and skills will prevail in the global competition between firms…
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…paper applies a funding rule projects returns based on current price to earnings ratios in the stock market. It runs a number of simulations based on the pattern of stock…
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…production advantages into absolute price advantages, full employment and the perception of international trade as a static and harmonious phenomenon. It is shown that all these assumptions are neither theoretical…
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…then the unemployment rates of 25% in Greece, 23% in Spain, 13% in Portugal, and 10% in Ireland are simply the short-run price paid for a stronger future. If they…
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…should be given at the end of the articles in the following style with hyperlinks wherever useful and possible. For a review of the Harvard system, see: http://www.library.dmu.ac.uk/Images/Selfstudy/Harvard.pdf or http://www.cse.dmu.ac.uk/~bstahl/HarvardStyle.htm…
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Email: wereditor@worldeconomicsassociation.org Jayati Ghosh, India, Jawaharlal Nehru University: jayatijnu@gmail.com John Weeks, UK, University of London: johnweeks@jweeks.org Susan Feiner, USA, University of Southern Maine: sffein@usm.maine.edu Esteban Perez Caldentey, Chile, Economic Commission for…
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