Defining a recessionary event as one which impacts adversely on individuals’ economic well-being, the paper argues that recession is a multi-faceted phenomenon whose meaning differs from person to person as it impacts on their decision-making in real time. It argues that recession is best represented through the calculation of the nowcast of recession event probabilities. A variety of such prob...

This study develops spatial lag models to evaluate the performance of neighborhoods with new urbanist features in the recent housing recession in the Portland, Oregon, metropolitan area. It found that single-family homes that are closer to the central city held their value better in the recent recession, which might be a sign of recentralization. The effects of new urbanist features on home app...

We build a dataset of quarterly hours worked for 14 OECD countries. We document that hours are as volatile as output, that a large fraction of labor adjustment takes place along the intensive margin, and that the volatility of hours relative to output has increased over time. We use these data to reassess the Great Recession and prior recessions. The Great Recession in many countries is a puzzl...

The 2008 recession reportedly led to the demise of conspicuous consumption with wealthy consumers abandoning luxury goods that prominently display their brands for more subdued designs. Utilizing data collected before and in the midst of the recession from designer handbag manufacturers, Louis Vuitton and Gucci, we find products introduced during the recession actually display the brand far mor...

This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of 2008-09 by making use of Beveridge curve analysis, and in the entire OECD with other techniques. It is shown that Britain suffered from recession but no structural problems; the United States suffered from structural unemployment during the recovery; Germany exhibited a much bett...

Since the end of 2007, the world has experienced a sharp and deep decline in economic activity, which in this paper for the sake of brevity will be referred to as “the current recession.” The United States has initiated many costly and extensive policies to fight this recession that are likely to have detrimental effects on economic freedom in that country. This chapter considers these detrimen...

Gingival recession is the exposure of root surfaces due to apical migration of the gingival tissue margins. The principal objectives of treating a gingival recession are to achieve better esthetics and reduce hypersensitivity. The gingival biotype is an important modifying factor in the treatment of gingival recession. The purpose of this paper is to highlight the significance of changing the s...

Defining a recessionary event as one which impacts adversely on individuals’ economic well-being, the paper argues that recession is a multi-faceted phenomenon whose meaning differs from person to person as it impacts on their decision-making in real time. It argues that recession is best represented through the calculation of the nowcast of recession event probabilities. A variety of such prob...

The soft tissue architecture is an important part of an attractive smile. Autogenous connective grafts have been successful in treating gingival recession. Their availability, however, is limited by palatal anatomy. Acellular dermal matrices have been shown to be successful in the treatment of gingival recession and do not have availability problems. Traditional flap elevation can lead to shrin...