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The potential benefits of small surveys of the economy are well known -- surveys can supply measures of economic activity quickly and at a relatively low cost. But potential drawbacks are also recognized, namely that small samples may produce predominantly noise and, because of the types of data...
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The exact nature of land price gradients, the surface describing how land prices change with location, can be difficult to uncover. This is particularly true for cities with few vacant lots or in more rural regions where the number of land sales in a given area is limited. This article outlines...
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Beginning in the mid-1980s, the nature of U.S. business cycles changed in important ways, as made evident by distinctive shifts in the comovement and relative volatilities of key economic aggregates. These include labor productivity, hours, output, and inventories. Unlike the widely documented...
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