The past two decades have seen substantial deregulation in the financial sectors of most OECD countries. The main motivation was to improve efficiency within the financial system, but the macroeconomic implications might go beyond this objective with impacts on the business cycle and the...

To the extent that families' fertility decisions respond to economic factors, the price of housing is an important and relatively neglected candidate for consideration in fertility decisions. In theory, the effect of changes in housing prices on family size will depend on the quantity of housing...

Persistent house price increases are a likely candidate for consideration in fertility decisions. Theoretically, higher housing prices will cause renters to desire fewer additional children, but home owners to desire more children if they already have sufficient housing and low substitution...