response to changes in the relative price of the two fuels. In particular, we study the following entities: investor … considered. Using simple back-of-the-envelope calculations, the almost 70% drop in the price of natural gas between June 2008 and …

, after a hiatus of "shut-in" fracked gas. We estimate that the domestic gas price effect of this recoupling is comparable to …

price index reduced fertility by around 8 percent both immediately and in the years following the boom. We further document …Using variation in crop prices induced by large swings in demand World War I, we examine the fertility response to …. Extensive robustness checks and analysis of potential mechanisms indicate that the decrease in fertility was driven by increased …

Some gasoline markets exhibit remarkable price cycles, where price spikes are followed by a string of small price … declines until the next price spike. This pattern is predicted from a model of competition driven by Edgeworth cycles, as …

. Asset price movements induced by changes in trend growth influence balance-sheet conditions that determine the external … the asset price gap represents distortions in the resource allocation induced by financial market imperfections more … calculation of the potential and thus reduces the benefit of responding to the asset price gap. A policy that responds to the …

endogenously. Our analysis highlights a role for adjustment costs in generating price dynamics that are consistent with observed … (2000). Stochastic volatility aries in our two-factor model as a natural consequence of production for oil and natural gas … prices. Differences between the endogenous price processes considered in earlier papers can generate significant differences …

From 1836 to 2011, the average real rate of price change for gold in the United States is 1.1% per year and the … gold's real rate of price change with consumption and GDP growth rates are small and statistically insignificantly … between gold services and ordinary consumption, the model can generate a mean real rate of price change within the (0.1%, 2 …