explicitly models the relationship between changes in house prices and various measures of housing supply. The results show that … months supply of new homes places greater downward pressure on house prices that the months supply of existing homes. We … in house prices and a glut of homes for sale on the market. While the idea that this overhang of dwellings for sale …

throughout 2023, albeit with notable fluctuations. •The Q3 uptick in oil prices can essentially be attributed to supply …Rationale Oil prices have fluctuated considerably over the past year. Against this background, it is worth analysing … therest of the year. •Looking ahead, the potential for geopolitical tensions to push up oil prices could be offset, at …

The presence of price stickiness implies that in the short term adjustment to demand or supply shocks takes place … endogenously generated by the presence of adjustment costs, when moderate inflation prevailed the asymmetric behaviour of prices …

Purpose – The paper seeks to estimate agricultural commodity supply response at three levels of aggregation namely, all …. Originality/value – Despite the policy relevance of agricultural commodity supply response, the extent of the response in Ghana is …

macroeconomics. Keynesian economics nicely explained the 1970s stagflation that followed the world oil price hike with a shift up of … the supply curve in its AD/AS diagram. Lucas and Sargent ignored oil, could not explain the 1970s stagflation, and … business cycles was the same as Lucas' and Sargent's. New classical economics has been characterized by mathematical …

There are two generally accepted ways of plotting the aggregate demand (AD) and aggregate supply (AS) curves in the …