Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …

macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static …

workers, continued full employment will greatly strengthen the case for the US as peak economy. But with anything less than … full employment the US economy will lose its luster. Even if this occurs, however, the US record in employing women and … to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status …

-cycle savings. In this paper we examine the role of housing prices in affecting the living arrangements of adult family members and … government rules determining the supply of land for residential housing, we find that increases in housing prices significantly … income, in part due to the subsidies to the young from sharing housing with parents. Based on our estimates of the effects of …

housing speculation during the U.S. housing boom in the 2000s. We find that housing speculation, anchored, in part, on … extrapolation of past housing price changes, led not only to greater price appreciation, economic expansions, and housing …

generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China …, particularly in their ownership of housing. Furthermore, we provide evidence that at the prefecture level, the size of redefined … migrants is significantly related to residential land supply, and to the proportion of households holding vacant housing units …

disease by promoting housing stability. Housing precarity, which includes both the risk of eviction and utility disconnections … infections rates could have been reduced by 8.7% and deaths by 14.8%. Housing precarity policies that prevent eviction and …