H ousing is a commodity with unique features and its market, especially in urban areas, is characterized by unique business cycles that differentiate it from other commodities. On one hand, housing market can be deeply influenced by economic shocks, and on the other hand, the sheer size of housing investments makes the economy particularly vulnerable to any shock in this market. Henc...

Are we in the midst of a second Internet boom? If so, how it was different from the first boom of the late 1990s, which went bust spectacularly in 2001? As the stock market recovered rapidly from the dot.com crash, there have been some marked changes in the way that the Internet and e-business has evolved. In particular, behind the headlines, such as the multibillion dollar purchase of Skype by...

Since World War II, the United States has experienced two large booms on the stock market. During the first boom, which lasted from the late 1940s to the mid-1960s, stock returns were clearly leading real activity. Moreover, the evidence also suggests the existence of predictable return variations in the discount rate through time as a response to changing business conditions. Therefore, the fi...

Earl y analysts of business cycles believed that each cyclical phase of the economy carries within it the seed that generates the next cyclical phase. A boom generates the next recession; that recession generates the next boom; and the economy is caught forever in a self-sustaining cycle. In contrast, modern theories of business cycles attribute cyclical fluctuations to the cumulative effects o...

373 National Tax Journal Vol. LIII, No. 3, Part 1 Abstract The explosion of interest in electronic commerce stemming from commercial use of the Internet triggered high expectations, and accompanying high stock market value for public companies specializing in the delivery of products and services through this channel. However, the boom in the market value of these so– called “dot com” companies...

The practical use of high-fidelity multidisciplinary optimization techniques in low-boom supersonic business jet designs has been limited because of the high computational cost associated with CFD-based evaluations of both the performance and the loudness of the ground boom of the aircraft. This is particularly true of designs that involve the sonic boom loudness as either a cost function or a ...