This article examines the risks faced by China's real estate sector within its distinct hybrid economy, which combines … gives the government a strong commitment and the ability to delay a real estate crisis. However, China's real estate risk is …

This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China … also update estimates of the size of China's rapidly evolving real estate sector through 2021, allowing one to look at the … construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is …

productivity change." It reviews the criticisms made against that paper, especially the use of a utilization adjustment, and fin … slowdown in the growth of total factor productivity as implying, necessarily, a parallel slowdown in the technological …

) the productivity of an average real-estate agent (houses sold per hour worked) falls; and (3) the real wage of a typical …

No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget …" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for … constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the …

The composite index of leading indicators is found to be a valuable tool for predicting not only the direction but also … index as a predictor of (1) business cycle turning points as dated by the National Bureau of Economic Research and (2 …) quantitative changes in real GNP and the composite index of coincident indicators. Specific smoothing rules are identified which …

indices. Since the matched model index does not incorporate price changes for goods which exit, and the goods that exited tend … to be those goods whose prices fall, the matched model index has a selection problem which biases it upwards. The hedonic … index does not have this problem. We illustrate with a new study of price indices for PC's. The hedonic index shows steep …

treatment, rather than prices of fixed bundles of inputs. We outline features of a proposed new experimental price index -- a … medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than …