Why would a trade shock, triggered by increased import competition from China, impact local housing prices? A plausible mechanism is the interplay between the housing and labor markets, where reduced employment and wages in import exposed industries, combined with potential out-migration, suppress ...
Since 1495, long waves are identified in great power war severity and in internationally synchronized trends of prices and real wages. Weaker long waves are found in world production since 1750, these phases leading the war phases by about a decade. A theoretical model consistent with these ...
Prices tend to be regulated by the law of supply and demand; that is, a price of a good or service increases with smaller supply and/or greater demand. A corollary to this is the idea thatcommoditizationdrives prices down because it increases supply (sometimes vastly) while leaving demand th...
Turkey is experiencing financial woes not seen in decades as the Turkish lira lost half its value last year amid an economic crisis inflamed by the COVID-19 pandemic, before the annual inflation hit a two-decade high of 61.1 percent in March. Meanwhile, average wages and pensions are no lon...
With a 5.03% unemployment rate, and really high wages, Hawaiians are some of the richest people in the country, overall. It’s just a weird sort of rich. 3. California Source: Wikipedia User | CC BY-SA 3.0 Population: 39,242,785Median Income: $96,334Average Home Price: $695,400...
In Singapore, the government introduced the Central Provident Fund, a social security savings scheme to ensure Singaporeans and Singapore Permanent Residents save for their retirement. All workers must contribute about 20% of their monthly wages, and their employers 17% to the CPF board. ...
The higher bubbly asset prices rise as a share of wages and GDP, and the longer the price of oil remains at or above $40-$100, the larger the rentier claim and energy claim on after-tax profits and wages, and on gov’t receipts hereafter indefinitely, and the slower growth of real ...
A further key development in the inflation dynamic has been a marked reduction in upward pressure from wages. The inflationary impact of wages on average prices charged for goods and services has fallen to its second-lowest since June 2021. While the easing infl...
Real final sales per capita and wage and salary disbursements to the price of gasoline: http://research.stlouisfed.org/fredgraph.png?g=owD To working-class wages: http://research.stlouisfed.org/fredgraph.png?g=owE Brent to real GDP levels for China to ’11), US (real final sales per...
inflation and wages rise faster housing prices peak consumer product surpluses natural end of a long business cycle stock price to earnings ration too high (Shiller Pace is above 30) misery index rises (unemployment rate + inflation rate) ...