Acknowledgments -- Lessons from demography -- Introduction -- "The wonderful, terrible, inscrutable economy" -- Historical change, economic behavior, and demographics -- The demographic portrait -- Generation X and the effects of population change -- What this portrait tells us -- Implications...

Analyzing the performance of the economy in real time is a challenge for those who must forecast macroeconomic variables such as inflation or employment. A key aspect of this challenge is evaluating the incoming flow of information contained in economic announcements. In this article, the...

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...