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Journal Article
The market for single-family homes in the Boston area
Case, Karl E. (1986-05)
New England Economic Review , Issue May , Pages 38-48

Journal Article
Social security reform: an overview
Triest, Robert K. (1997-11)
Recent decades have seen a trend toward longer life expectancy and reduced birth rates across the globe. This is good news -- the pressures created by rapid population growth are being relaxed, and people are more likely to live to old age -- but it creates problems for programs such as Social Security, which are designed to provide for the consumption needs of the elderly. In the United States, the retirement of the baby boom generation will result in a decrease in the number of workers per Social Security beneficiary from 3.3 now to 2.2 in the year 2030. The decrease in the ratio of workers ...
New England Economic Review , Issue Nov , Pages 3-16

Journal Article
Firm strategies in the personal computer market: are established brands better off?
Stavins, Joanna (1995-11)
The personal computer market underwent significant structural changes throughout the late 1970s and 1980s. While some manufacturers of personal computers managed to remain in the market for a number of years, many others left after a short time. Besides the more visible movement of firms in and out of the industry, each firm also made underlying decisions regarding which models to offer. ; This article analyzes model selection strategies adopted by personal computer (PC) companies from 1976 to 1988, focusing on differences between established and new firms. While new firms were more likely ...
New England Economic Review , Issue Nov , Pages 13-24

Journal Article
The United States in debt
Fieleke, Norman S. (1990-09)
After 1982 the international investment position of the United States dramatically shifted from one of sizable net creditor to much more sizable net debtor. As the U.S. deficit on current international transactions soared to record levels during the mid-1980s, some observers perceived a grave loss of U.S. competitiveness that was "deindustrializing" America. Others warned of an imminent international financial crisis. ; This article examines the growth of U.S. indebtedness to the rest of the world and its underlying causes, and considers the consequences and some proposed remedies. The ...
New England Economic Review , Issue Sep , Pages 34-54

Journal Article
Cyclical swing or secular slide? Why have New England's banks been losing money?
Tannenwald, Robert (1991-11)
Are the losses recently incurred by New Englands banking industry symptomatic of chronic excess capacity that will depress the industrys profitability even after the regions economy recovers from its current recession? Or can the industry restore its profitability by ridding itself of the extraordinary costs resulting from its large overhang of bad loans? This article maintains that the industry is not "overbanked" and that its underlying profitability will eventually reemerge. In support of this contention, the article provides estimates of the "normal" profitability of New Englands ...
New England Economic Review , Issue Nov , Pages 29-46

Journal Article
Forecasting investment with models and surveys of capital spending
Kopcke, Richard W. (1993-03)
The U.S. Department of Commerce regularly surveys businesses on their plans for capital investment. This article assesses the contribution that these surveys make to forecasts of business investment, once other economic variables are taken into account. The author finds that the surveys have only marginally improved forecasts since the 1970s. For short-term forecasts, the history of investment spending and output does more to reduce forecast errors than do the surveys. For forecasts of a year or more, the survey information is not as useful as that in the historical movements of various ...
New England Economic Review , Issue Mar , Pages 47-69

Journal Article
Planning for New England's electricity requirements
Kopcke, Richard W.; Houlihan, George J.; Inman, Natalie J.; Henderson, Yolanda K. (1988-01)
New England Economic Review , Issue Jan , Pages 3-30

Journal Article
An evaluation of recent macroeconomic forecast errors
Schuh, Scott (2001)
Despite a significant decline in the pace of economic growth in the second half of 2000, macroeconomic forecasters underpredicted real GDP growth and overpredicted the unemployment rate by a significant amount, for the fifth consecutive year. On average, real GDP forecasts were about 2 percentage points below the actual data for the 1996-2000 period, and unemployment rate forecasts about 0.5 percentage point above. On a more positive note, forecasters ended their chronic overprediction of inflation during much of this period. Nevertheless, surprisingly large and persistent errors in recent ...
New England Economic Review

Journal Article
Changes in the structure of wages: a regional comparison
Vilches, Ramon (1991-07)
This article sets out to examine changes in the structure of mens wages in the 1980s, on a regional basis. The analysis corroborates evidence presented by other authors of a rising return to skill in the United States during the decade. It also demonstrates that the changes in wage structure were not uniform across regions. ; The wages of college graduates rose in all regions relative to the less educated, but to varying extents and perhaps for different reasons. The study finds that changes in relative supplies of labor were generally not behind the rising returns to skill. Rising returns to ...
New England Economic Review , Issue Jul , Pages 45-61

Journal Article
International capital movements: how shocking are they?
Fieleke, Norman S. (1996-03)
International linkages of national capital markets have strengthened in recent years, as many nations have relaxed restrictions over their financial markets and as technical advances have speeded communications. While some controls over capital movements remain, the degree of integration is impressive--and has been for years, well before it became fashionable to speak of "globalization." This article examines the volatility of capital movements relative to national outputs for 11 industrial countries.> The author finds that the volatility of capital flows appears to be no greater now than ...
New England Economic Review , Issue Mar , Pages 41-60

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