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Journal Article
A report on economic conditions in the Louisville zone
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
A report on economic conditions in the Louisville zone
Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
A report on economic conditions in the Little Rock zone
Journal Article
Oil Prices: Is Supply or Demand Behind the Slump?
A standard decomposition suggests the role of oil supply (understood as the current physical availability of crude) has been small.
Journal Article
Is Inflation Running Hot or Cold?
Changes in the aggregate price level can be traced back to changes in the underlying components.
Journal Article
The Housing Supply Puzzle: Part 2, Rental Demand
In Part 1 ("Divergent Markets") of this three-part series, we document that the recent divergence in inventories of new and existing homes seems to reflect a scarcity of lower- and middle-tier homes. We now examine one potential factor contributing to this shortage: rental demand.
Journal Article
The Housing Supply Puzzle: Part 3, Price Gaps
In Part 1 ("Divergent Markets") of this series, we argue that the recent divergence in housing supplies likely signals a decline in inventories of lower- and middle-tier homes nationwide. Part 2 ("Rental Demand") discusses the role that rental-market developments have played in exacerbating this shortage. In this third and final essay, we document another trend that might have contributed to the scarcity of lower- and middle-tier homes: the widening price gaps between different housing tiers.