sectors that employ similar workers. We estimate a dynamic discrete choice occupational model to quantify the labor supply and …

demand is a key factor in deviations from the steady-state growth path with a Keynesian-type spending multiplier despite the …

of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the … for capturing salient features of housing demand observed in the PSID. After estimating the model we use it to simulate …

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which …

in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and …. Because there is heterogeneity among buyers in the valuation of a given house, sellers set prices strategically. When demand …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply …