Social and Behavioral Sciences Commons^™

Housing Prices, Stock Prices And The U.S. Economy, Kamal Upadhyaya, Dharmendra Dhakal, Franklin Mixon, Jr.

Economics & Business Analytics Faculty Publications

This paper studies the relationship between housing prices, stock prices, interest rates and aggregate output in the U.S. using monthly data from 1993 to 2014. Evidence from causality tests and a variance decomposition procedure suggest that stock prices have a much larger effect on aggregate output in the U.S. economy than do either housing prices or interest rates. Instead, the wealth effect created by changes in stock prices has a relatively large impact on U.S. aggregate output. Separate estimations and variance decompositions for the sample periods 1993 - 2001, 2002 – 2008 and 2009 – 2014 show that the impact …

Struggling Recovery And Economic Policy Uncertainty: Testimony Before The Joint Revenue Hearing, House And Senate Ways And Means Committees, Massachusetts State House, Boston, Ma, Christian Weller

Christian Weller

The U.S. economy is in the fourth year of a recovery that started in June 2009. The fact that the economy is in recovery, even modestly, is something of a miracle given how stacked the deck is against it. This is absolutely unique in American economic history: There has never been a recovery without the housing market expanding substantially as well; There has never been a recovery with state and local governments shrinking for three years in a row; There has never been a recovery with households owing, on average, well more than 100 percent of their after-tax income in …

Struggling Recovery And Economic Policy Uncertainty: Testimony Before The Joint Revenue Hearing, House And Senate Ways And Means Committees, Massachusetts State House, Boston, Ma, Christian Weller

Public Policy and Public Affairs Faculty Publication Series

The U.S. economy is in the fourth year of a recovery that started in June 2009. The fact that the economy is in recovery, even modestly, is something of a miracle given how stacked the deck is against it.

This is absolutely unique in American economic history: There has never been a recovery without the housing market expanding substantially as well; There has never been a recovery with state and local governments shrinking for three years in a row; There has never been a recovery with households owing, on average, well more than 100 percent of their after-tax income in …

Agenda: A Low-Carbon Energy Blueprint For The American West, University Of Colorado Boulder. Natural Resources Law Center, University Of Colorado Boulder. Renewable And Sustainable Energy Institute, Western Resource Advocates, Rocky Mountain Research Station (Fort Collins, Colo.)

A Low-Carbon Energy Blueprint for the American West (Martz Summer Conference, June 6-8)

The future of the planet may depend upon our ability to increase energy supplies even as we reduce carbon emissions. This conference will address how a low-carbon energy program might evolve with a particular focus on the American West. It will focus on the future of energy in the West--on a “managed transition” to a different energy mix, on the need to nest this effort in a framework that acknowledges interconnections, and on identifying the most salient opportunities to consider the legal, political, financial, and technical challenges.

Economic Outlook: First Quarter 2011, Emmanuel Opoku, Scott Fausti

Economics Commentator

No abstract provided.

Recession Grips The Bay State, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

Economic activity in Massachusetts is on the decline. According to the current economic index, real gross state domestic product grew at only a 0.6 percent annual rate in the third quarter, and the leading index is predicting that the state’s economy will decline at a 1.5 percent annual rate over the six months november 2008 through april 2009. Massachusetts is in a recession.

Slides: Beyond Rethinking: Redoing Western Water Law, Janet Neuman

Shifting Baselines and New Meridians: Water, Resources, Landscapes, and the Transformation of the American West (Summer Conference, June 4-6)

Presenter: Professor Janet Neuman, Lewis & Clark Law School

17 slides

National Woes Test Bay State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

Economic growth is slowing, and is projected to continue to decelerate into the second half of 2008, and then to rebound moderately. The slowdown is directly related to the impact of the declining housing market, the sub-prime mortgage shakeout in the finance sector, and the high cost of heating oil and gasoline. Credit tightening is threatening to curtail business activity and the solvency of investors and households involved in sub-prime lending or borrowing. High energy prices are reducing non-energy consumer spending. The impact of the declining housing market has already affected the state’s economy. Massachusetts is experiencing declines in housing …

American Poverty As A Structural Failing: Evidence And Arguments, Mark R. Rank, Hong-Sik Yoon, Thomas A. Hirschl

The Journal of Sociology & Social Welfare

Empirical research on American poverty has largely focused on individual characteristicst o explain the occurrence and patternso f poverty. The argument in this article is that such an emphasis is misplaced. By focusing upon individual attributes as the cause of poverty, social scientists have largely missed the underlying dynamic of American impoverishment. Poverty researchers have in effect focused on who loses out at the economic game, rather than addressing the fact that the game produces losers in the first place. We provide three lines of evidence to suggest that U.S. poverty is ultimately the result of structural failings at the …

Economic Currents: The State Of The State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

The state and national economies are now feeling the brunt of the global economic crisis. So far, the pattern of events in the Commonwealth has mirrored that of the nation. This is not surprising, since the source of the problem — the global slowdown and financial uncertainty — is an external shock that affects all the nation’s regions through international trade and financial markets.