crops to estimate the effect of crop insurance on the output and prices of the insured crops.We find that the supply of and … benefit for consumers, even when it generates a large supply response …

We compare risk sharing in response to demand and supply shocks in four types of currency unions: segmented markets; a … all domestic demand shocks (deleveraging, fiscal consolidation), while a capital market union is necessary to share supply … banking union and, in the presence of supply shocks, from a capital market union.Institutional subscribers to the NBER working …

, we provide the first estimates of broad-scale welfare and distributional implications of this supply boom. We provide new … estimates of supply and demand elasticities, which we use to estimate the drop in natural gas prices that is attributable to the … supply expansion. We calculate large, positive welfare impacts for four broad sectors of gas consumption (residential …

going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model … of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with … exclusively experienced in cities where housing supply is more inelastic. More elastic places had slightly larger increases in …