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It's no secret that guests are paying more for their hotel stays these days. But according to Robyn Mark, partner at New York-based Mayamaya Travel, most of her luxury clients [...]

There is clear scientific evidence of the shift in the probability distribution of climate-related disasters in recent decades. Is this shift reflected in the behavior of forward-looking measures of economic activity such as real exchange rates? I evaluate the role of different belief formation assumptions on the ability of the model to predict the response of real exchange rates to climate-related disasters. I consider Bayesian and backward-looking belief updates as well as static beliefs with no update or a one-time update. To do so, I construct a version of the Farhi-Gabaix (2015) framework augmented with explicit belief formation. I use two approaches to model calibration and simulate the model for 47 countries for 1964-2019 using actual data for climate-related disasters. I find that in general differences in belief formation do not have much effect on the model fit because the productivity loss component dominates the predicted response. Specifically, I find that even in recent years there is no evidence of Bayesian beliefs being a better fit for the data. JEL Classification F21 * F23 * F64, 1 Introduction It is well established that physical risks of climate change are becoming more apparent, more severe, and more frequent (Stott, 2016). The magnitudes of damages from climate change-related [...]

JEL codes: F41, H32, L11 1. INTRODUCTION In recent decades, fiscal policy has emerged as a pivotal instrument for governments worldwide to stimulate economic growth and maintain stability. Fiscal policy [...]

Flow surging is defined as the oscillatory change in the rate of the extruder while maintaining constant set point conditions. Moreover, process parameters such as motor current, barrel temperatures and [...]

Byline: Aaron Elstein The finance department at the REIT formerly known as Boston Properties just made a market bet as bold as any made by the hedge funds who lease [...]

FOMC minutes showed that the Fed was on the verge of cutting rates at the July 31 meeting, and the report sets up a reduction in rates with the September [...]

The European Central Bank announced that the Governing Council decided to keep the three key ECB interest rates unchanged, stating: 'The Governing Council today decided to keep the three key [...]

Fed's Goolsbee believes rates are restrictive currently and he warned that holding rates restrictive for too long will be a problem, in a Bloomberg TV interview from Sintra. Holding rates [...]

Just like many other industries, the HVACR sector is up against a number of challenges in 2024 that could put a damper on the amazing growth it has experienced over [...]

Ongoing and extraordinary disruptions continue to sway the ocean cargo market. For example, in 2022, rate and contract volatility and unprecedented levels of port congestion were key themes. Then, in [...]

As global supply chains continue to transform, use more technology and address new challenges, the professionals who run these networks play a critical role in shepherding goods from the point [...]

A single dissent on the Federal Reserve's interest-rate committee garnered plenty of attention last week. Understandably so. It marked the first time since 2005 that a Fed governor had opposed [...]

U.S. 30-year mortgage rates fell for an 8th month to a 23-month low of 6.13% in the most recent week, according to the MBA, from a prior low of 6.15%, [...]

Fed's Goolsbee said rates need to drop 'significantly' in prepared remarks at a fireside chat. He added that many more' rate cuts are needed over the next year. He is [...]

China benchmark lending rates unchanged. The PBOC announced that banks maintained the one-year loan prime rate at 3.35%, the 5-year rate, which is a reference for mortgage, was held at [...]

Byline: David Winzelberg The prices of Long Island homes continued to rise last month as mortgage rates fell. The median price of closed single-family home sales in Nassau County reached [...]

The European Central Bank stated: 'The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It will keep policy rates sufficiently [...]

Philly Fed's Harker said he's ready to start cutting rates if data cooperate, in a Reuters interview. And he wants a gradual, methodical course. Policy is in a good place [...]

Chinese lending rates stay on hold. Chinese banks kept the one-year loan prime rate unchanged at 3.35% and the five-year rate, a reference for long term credit, at 3.85%, according [...]

Fed policy outlook: the FOMC is still expected to cut rates by 100 bps this year, according to Fed funds futures. But risks for a -50 bp reduction at the [...]

Boston Fed's Collins believes it will be 'appropriate soon' to begin butting rates if the data continue to meet her expectations, in a Providence Journal interview. She expects a continued [...]

Byline: David Winzelberg Home sales on Long Island improved last month, as the number of listings continued to climb and interest rates began to fall. There were 2,381 homes contracted [...]

Freddie Mac reported 30-year mortgage rates fell -26 bps to 6.47% as of August 8. It is the biggest drop since early December and is the lowest since May 2023. [...]

Byline: Michael Martinez Continued high interest rates scaring off some shoppers coupled with weakness in the fleet market led to mixed July results and a more modest rebound than expected [...]

Byline: Fiona Holland Australian distillers and brewers are calling for action from the local government following the introduction of a new increase in alcohol duty rates. The nation’s excise tax [...]

Byline: David Winzelberg While the average mortgage rate has fallen slightly over the last several weeks, a weaker jobs report has sparked real estate industry optimism of even lower rates [...]

Fed policy outlook: implied rates are pricing in three quarter-point cuts this year as today's weaker than expected data add to the dovish tone out of the FOMC result yesterday. [...]

Former NY Fed President Dudley now believes the FOMC should begin cutting rates as soon as the July 30-31 policy meeting, writing in a Bloomberg opinion piece. Recent data, including [...]

Byline: Special to the RBJ With U.S. inflation cooling again in June for the third straight month, there's earnest discussion of the Federal Reserve cutting interest rates in the near [...]

Fed's Kugler said it will likely be appropriate to cut rates 'later this year,' repeating the position of the FOMC, assuming that the economy continues to evolve in this 'favorable [...]

Byline: Opinion With the first six months of 2024 behind us, all eyes turn to the Federal Reserve Board (Fed) as it contemplates its next move toward reducing interest rates, [...]

NextGear Capital president Scott Maybee addressed a question that dealerships likely have been wondering, too, as they examine their floorplan expenses and other operational matters. What if interest rates never [...]

While the Fed's high interest rate regime hasn't done much to slow down the current bull market, investors still celebrated last week's https://www.barchart.com/story/news/28596943/federal-reserve-is-set-to-cut-interest-rates-for-the-first-time-in-4-years from the Federal Open Market Committee (FOMC). [...]

The Bank of England’s Monetary Policy Committee (MPC) voted 8-1 to maintain the Bank Rate at 5% in its September meeting, underscoring the central bank’s commitment to a restrictive monetary [...]

CFO Mark Mason says has seen good pick up in M&A. Says credit card customers switching to staples from discretionary [...]

Byline: Marc Lutz WASHINGTON (AP) Hiring by America's employers picked up a bit in August from July's tepid pace, and the unemployment rate dipped for the first time since March [...]

When the U.S. auto industry receives universally good news, it usually isn't sprung from Jackson Hole, Wyo. And yet, the Western resort town known for its stunning mountain vistas and [...]

Byline: Opinion It's crunch time for the economy and all the economic strategies that the federal reserve has initiated to cure inflation inspired by too much money pumped into the [...]

The 30-year fixed mortgage rate hit 6.40% today, the lowest level since December 2023, Matthew Graham of Mortgage News Daily reports. Companies involved in the mortgage space include PennyMac Mortgage [...]

Byline: David Phillips The U.S. new-car market lost some momentum in the second quarter as elevated prices and higher borrowing costs continue to weigh on consumers, with many dealers also [...]

Fed Chair Jerome Powell is speaking at the ECB Forum in a panel with the heads of the ECB and the Central Bank of [...]

Inflation is affecting manufacturers in myriad ways, including higher costs for raw materials, energy and transportation; reduced profit margins; and upward wage pressure. One way to combat these issues is [...]

Objective: To describe rates and predictors of perinatal intimate partner violence (IPV) and rates and predictors of not being screened for abuse among rural and urban IPV victims who gave birth. Data Sources and Study Setting: This analysis utilized 2016-2020 Pregnancy Risk Assessment Monitoring System (PRAMS) data from 45 states and three jurisdictions. Study Design: This is a retrospective, cross-sectional study using multistate survey data. Data Collection/Extraction Methods: This analysis included 201,413 survey respondents who gave birth in 2016-2020 (n = 42,193 rural and 159,220 urban respondents). We used survey-weighted multivariate logistic regression models, stratified by rural/urban residence, to estimate adjusted predicted probabilities and 95% confidence intervals (CIs) for two outcomes: (1) self-reported experiences of IPV (physical violence by a current or former intimate partner) and (2) not receiving abuse screening at health care visits before, during, or after pregnancy. Principal Findings: Rural residents had a higher prevalence of perinatal IPV (4.6%) than urban residents (3.2%). Rural respondents who were Medicaid beneficiaries, 18-35 years old, non-Hispanic white, Hispanic (English-speaking), or American Indian/Alaska Native had significantly higher predicted probabilities of experiencing perinatal IPV compared with their urban counterparts. Among respondents who experienced perinatal IPV, predicted probabilities of not receiving abuse screening were 21.3% for rural and 16.5% for urban residents. Predicted probabilities of not being screened for abuse were elevated for rural IPV victims who were Medicaid beneficiaries, 18-24 years old, or unmarried, compared to urban IPV victims with those same characteristics. Conclusions: IPV is more common among rural birthing people, and rural IPV victims are at higher risk of not being screened for abuse compared with their urban peers. IPV prevention and support interventions are needed in rural communities and should focus on universal abuse screening during health care visits and targeted support for those at greatest risk of perinatal IPV. KEYWORDS domestic violence, intimate partner violence, maternal health, pregnancy, rural health, 1 | INTRODUCTION Domestic violence, including intimate partner violence (IPV), is a leading nonobstetric cause of maternal morbidity and mortality. (1-4) Violence during pregnancy is one of the most common [...]

Objective: In light of Department of Justice investigations of for-profit chains for over-admitting patients, we sought to evaluate whether for-profit hospitals are more likely to admit patients from the emergency department. Data Sources: We used statewide visit-level inpatient and emergency department records from Florida's Agency for Healthcare Administration for 2007-2019. Study Design: We calculated differences in admission rates between for-profit and other hospitals, adjusting for patient and hospital characteristics. We also estimated instrumental variables models using differential distance to a for-profit hospital as an instrument. Data Collection/Extraction Methods: Our main analysis focuses on patients ages 65 and older treated in hospitals that primarily serve adults. Principal Findings: Adjusted admission rates among patients ages 65 and older were 7.1 percentage points (95% CI: 5.1-9.1) higher at for-profit hospitals in 2019 (or 18.8% of the sample mean of 37.8%). Differences in admission rates have remained constant since 2009. Conclusion: Our results are consistent with allegations that for-profit hospitals maintain lower admission thresholds to increase occupancy levels. KEYWORDS fraud, hospital economics, hospital emergency service, medical overuse, ownership, patient admission, 1 | INTRODUCTION Patients make almost 150 million visits to the emergency room annually (AHRQ 2021). At each visit, physicians must decide whether to admit the patient to the hospital [...]