Bust ≈ Bust
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Boom‐bust dynamics in biological invasions: towards an improved application of the concept Open
Boom‐bust dynamics – the rise of a population to outbreak levels, followed by a dramatic decline – have been associated with biological invasions and offered as a reason not to manage troublesome invaders. However, boom‐bust dynamics rarel…
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Neglected Risks: The Psychology of Financial Crises Open
We model a financial market in which investor beliefs are shaped by representativeness. Investors overreact to a series of good news, because such a series is representative of a good state. A few bad news do not change investor minds beca…
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Credit-Induced Boom and Bust Open
This paper exploits the federal preemption of national banks in 2004 from local laws against predatory lending to gauge the effect of the supply of credit on the real economy. First, the preemption regulation resulted in an 11% increase in…
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Technology readiness and the organizational journey towards AI adoption: An empirical study Open
Artificial Intelligence (AI) is viewed as having potential for significant economic and social impact. However, its history of boom and bust cycles can make potential adopters wary. A cross-sectional, qualitative study was carried out, wit…
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Economic Consequences of Housing Speculation Open
By exploiting variation in state capital gains taxation as an instrument, we analyze the economic consequences of housing speculation during the U.S. housing boom in the 2000s. We find that housing speculation, anchored, in part, on extrap…
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Trends in ecology and conservation over eight decades Open
The fields of ecology and conservation have evolved rapidly over the past century. Synthesizing larger trends in these disciplines remains a challenge yet is critical to bridging subdisciplines, guiding research, and informing educational …
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Environmental and social consequences of the increase in the demand for ‘superfoods’ world‐wide Open
The search for healthy diets has led to a surge in the demand for functional foods or ‘superfoods’, which have now become popular among the middle‐ and high‐income fractions of the society in developed regions of the world. ‘Superfoods’ ar…
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150 YEARS OF BOOM AND BUST: WHAT DRIVES MINERAL COMMODITY PRICES? Open
This paper provides long-run evidence on the dynamic effects of supply and demand shocks on commodity prices. I assemble and analyze a new data set of price and production levels of copper, lead, tin, and zinc from 1840 to 2014. Using a no…
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The long-term adaptation of a resource periphery as narrated by local policy-makers in Lieksa Open
The paper’s general objective is to question the point of view whereby peripheries are seen only through a static downturn with no reflections on dynamicity or adaptation. The focus is set on the standpoints of actors in local government a…
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The Housing Boom and Bust: Model Meets Evidence Open
We build a model of the U.S. economy with multiple aggregate shocks (income, housing finance conditions, and beliefs about future housing demand) that generate fluctuations in equilibrium house prices.Through a series of counterfactual exp…
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An analysis of high-frequency cryptocurrencies prices dynamics using permutation-information-theory quantifiers Open
This paper discusses the dynamics of intraday prices of 12 cryptocurrencies during the past months’ boom and bust. The importance of this study lies in the extended coverage of the cryptoworld, accounting for more than 90% of the total dai…
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Does Investor Sentiment Predict the Near‐Term Returns of the Chinese Stock Market? Open
Recent evidence on the relationship between investor sentiment and subsequent monthly market returns in China shows that investor sentiment is a reliable momentum predictor since an increase (decrease) in investor sentiment leads to higher…
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Real Estate Markets and Macroprudential Policy in Europe Open
Boom‐bust cycles in real estate markets have been major factors in systemic financial crises and therefore need to be at the forefront of macroprudential policy. The geographically differentiated nature of real estate market fluctuations i…
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The Game of Our Lives: The Meaning And Making Of English Football Open
It is the winner of the William Hill Sports Book of the Year Award 2015. In the last two decades football in Britain has made the transition from a peripheral dying sport to the very centre of our popular culture, from an economic basket-c…
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Procyclical Social Housing and the Crisis of Irish Housing Policy: Marketization, Social Housing, and the Property Boom and Bust Open
This article analyzes the role of social housing in Ireland’s property bubble and its experience of the global financial crisis. The article argues that over recent decades social housing has been transformed from a countercyclical measure…
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What drove the 2003–2006 house price boom and subsequent collapse? Disentangling competing explanations Open
Ten years after the financial crisis, the central question of what explains the rise and fall in house prices remains unresolved. We provide a unified framework to examine four excess credit supply variables and three speculation variables…
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The Vulnerability of Minority Homeowners in the Housing Boom and Bust Open
This paper examines mortgage outcomes for a large sample of individual home purchases and refinances linked to credit scores in seven major US markets. Among those with similar credit scores and loan attributes, black and Hispanic homeowne…
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Economic, Environmental, and Health Impacts of the Fracking Boom Open
The shale gas boom revolutionized the energy sector through hydraulic fracturing (fracking). High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unc…
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A Conservative Revolution? Open
This chapter focuses on party switching. The civil-war cleavage that differentiated the two main Irish parties, Fianna Fáil and Fine Gael, has been gradually diminishing in importance in recent decades. This trend reached a crescendo in 20…
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Human impact and population dynamics in the Neolithic and Bronze Age: Multi-proxy evidence from north-western Central Europe Open
This paper aims at reconstructing the population dynamics during the Neolithic and Bronze Age, c. 4500–500 cal. BC, in north-western Central Europe. The approach is based on the assumption that increased population density is positively li…
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The near- to mid-term outlook for concentrating solar power: mostly cloudy, chance of sun Open
The history of concentrating solar power (CSP) is characterized by a boombust pattern caused by policy support changes. Following the 2014–2016 bust phase, the combination of Chinese support and several low-cost projects triggered a new bo…
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Dangerous demographics in post-bleach corals reveal boom-bust versus protracted declines Open
Thermal-stress events have changed the structure, biodiversity, and functioning of coral reefs. But how these disturbances affect the dynamics of individual coral colonies remains unclear. By tracking the fate of 1069 individual Acropora a…
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Boom-bust cycles in gray whales associated with dynamic and changing Arctic conditions Open
Climate change is affecting a wide range of global systems, with polar ecosystems experiencing the most rapid change. Although climate impacts affect lower-trophic-level and short-lived species most directly, it is less clear how long-live…
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Global and domestic financial cycles: variations on a theme Open
We compare and contrast two prominent notions of financial cycles: a domestic variant, which focuses on how financial conditions within individual economies lead to boom-bust cycles there; and a global variant, which highlights how global …
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Crude oil price shocks and macroeconomic performance in Africa’s oil-producing countries Open
The study investigates the influence of crude oil price shocks on the macroeconomic performance of Africa's oil-producing countries. Eight major net oil producers, namely, Algeria, Nigeria, Egypt, Angola, Gabon, Equatorial Guinea and Congo…
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Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach Open
We use a quantitative asset pricing model to “reverse‐engineer” the sequences of shocks to housing demand and lending standards needed to replicate the boom–bust patterns in U.S. housing value and mortgage debt from 1993 to 2015. Condition…
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Developing a Startup and Innovation Ecosystem in Regional Australia Open
IntroductionThe Cairns region of Australia (Box 1) faces challenges that are similar to other regional areas in Australia and around the world: declines in traditional industries, a boom-and-bust economic cycle, and a scarcity of "good job…
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Boom and Bust: Life History, Environmental Noise, and the (un)Predictability of Jellyfish Blooms Open
Jellyfish (pelagic Cnidarians and Ctenophores) form erratic and seemingly unpredictable blooms with often large, transient effects on ecosystem structure. To rapidly capitalize on favorable conditions, jellyfish can employ different life h…
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Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock Open
How do banks respond to asset booms? This paper examines (i) how U.S. banks responded to the World War I farmland boom; (ii) the impact of regulation; and (iii) how bank closures exacerbated the postwar bust. The boom encouraged new bank f…
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Speculative Trading and Bubbles: Evidence from the Art Market Open
We argue that extrapolative expectations drive boom–bust cycles in the postwar art market. Price run-ups coincide with increases in demand fundamentals but are followed by predictable busts. Predictable changes account for about half of th…