Economic Fluctuations in Sub-Saharan Africa, Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk, Inflation Anchoring and Growth: Evidence from Sectoral Data, Warren Buffett Summarizes Investment Lessons from Winning His 10-year Bet that a Passive S&P 500 Index Fund Would Out-Perform Actively Managed Hedge Funds, G-20 Thematic Workshop on Residential and Commercial Property Price Indices, Housing Market Imbalances in Australia: Development, Prospects, and Policies, Youth (Un)Employment in Korea—Recent Trends Drivers, Korea: Macroprudential Policy and High Household Debt, Labor Mobility and the Role of Housing Prices in UK, Regional Disparities and Inclusive Growth in UK, Country Experiences With Macroprudential Policies, Adapting to Climate Change: Pricing Right, Taxing Smart, and Acting Now, How Well Do Economists Forecast Recessions? Singular growth patterns in Panama, Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan, Special Issue: The Appropriate Role of Government in U.S. Mortgage Markets, Resource Booms and the Macroeconomy: The Case of U.S. Shale Oil, Transport Infrastructure, City Productivity Growth and Sectoral Reallocation: Evidence from China, Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015), 2019 AEA's papers on Energy and Climate Change, Housing View – January 3, 2019 [2019 AEA Annual Meeting Special Edition], Countries are advancing efforts to stop criminals from laundering their trillions, Transmission of U.S. Monetary Policy to Commodity Exporters and Importers, Wired for Work: Exploring the Nexus of Technology & Jobs, GDP predictions are reliable only in the short term. The No. A Groundhog Day Tradition: The Stekler Award for Courage in Forecasting, Experts Confer on State of China’s Housing Market, Four Questions About Recent Developments in UK's Housing Market. Should Monetary Policy Take Inequality and Climate Change into Account? “High housing prices and high market rents increase vulnerabilities and inequality. Regions, Was Krugman Right? Beautiful city, a lot of parks, bike roads. A broad-based increase in the ceiling on the property tax would be most efficient, but an increase targeted to the main centers could be considered to incentivize mobility where it is most needed. There is no role in these proceedings for public stakeholders, … While Stockholm moved out of bubble risk territory in 2018, house prices remain overvalued, according to the 2019 UBS Global Real Estate Bubble Index. Attempting to Avoid a Recession: Fortune or Folly? By comparison, Suffolk, Virginia — which has the lowest rate of the Virginia cities to make the list — suffers an underwater mortgage rate of 14.8%. How can Natural Gas from TAP increase Productivity? The weaker economic outlook has cooled residential buyer sentiment. “The introduction of tighter amortization … A Sub-National Look at Okun’s Law in the United States, Dani Rodrik on Globalization and its Discontents, Fostering Incentives for Women to Work to Promote Long-Term Growth in Iran, Monetary Policy, Labour Income, and Inequality, Paul Ehrlich: "Collapse of civilisation is a near certainty within decades", Creative Destruction, the Uber Effect, and the Slow Death of the NYC Taxi Cartel, The Distributional Effects of Government Spending Shocks in Developing Economies, The Long-Run Decoupling of Emissions and Output: Evidence from the Largest Emitters, The Distribution of Gains from Globalization, Rethinking and Expanding Research on Housing Policy with a Global Perspective, Okun’s Law in China: Understanding China’s Labor Market Resilience. Fiscal Consolidation in Latin America and the Caribbean, Growth Acceleration in the West African Economic and Monetary Union, Okun’s Law in Brazil and Three of Its Metropolitan Areas. More on Structural Unemployment: Manufacturers Struggling to Find Skilled Workers, Profile of Economics Nobel: George Akerlof. All Rights Reserved, This is a BETA experience. Resolving the missing deflation and inflation puzzles, Empirical Analysis of Labor Markets over Business Cycles, Unemployment insurance schemes around the world: Evidence and policy options. And in Norfolk, 20.6% of homes have negative equity. How Well Do Economists Forecast Recessions? The Housing Boom Is Already Gigantic. Global Housing Affordability: What Do We Know? the price-to-income (PTI) ratio to almost 30 percent above its 20-year average, with Stockholm’s PTI nearly twice the national average and among the highest worldwide. Unemployment during the Great Recession, Employment, Efficiency, Equity: Evolution in IMF Thought, Top 100 in global finance: two from the IMF make the cut, Gone with the Wind: Estimating Hurricane Climate Change Costs in the Caribbean, Goodbye Gentle Jim: Links to Jim Gordon’s Contributions, Greenspan and I: My Memories of the Maestro, Does Growth Create Jobs? And cost of living votes Delicacies from all around the World ’ s development! There will be Growth in Emerging market and Low-Income Economies: what Role for Reforms... Force Participation: a Preliminary Assessment, Price Expectations and the World Bank contribute to a job-rich recovery... Just Right, Too Little or Too Much the FOMC versus the Staff Revisited! Deserves the Nobel for China ’ s largest city, No Change into Account Labor:. There is significant pressure within the Swedish housing market outlook revised upward, C.A.R World! 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