I construct a dynamic stochastic general equilibrium (DSGE) model in this paper to study the fluctuations in the U.S. housing markets. The model features a market for newly built houses, a secondary market for old houses, and an endogenous term structure of nominal interest rates. Negative technological progress in the housing sector explains the upward trend in house prices over the past four ...

CERTAIN of the oak timbers of Rothamsted House were recently found to be extensively damaged by wood-boring insects, the damage being ascribed chiefly to the death-watch beetle (Xestobium rufovillosum).' The timbers are believed to be of great age, and some were probably used in an earlier building. In 1623 the house was extensively altered and the exposed timbering of the original house covere...

OBJECTIVE To devise a proforma for clinical documentation of psychiatric illness in an accident and emergency (A&E) department, since A&E senior house officers (SHOs) have little psychiatric experience before starting their jobs. METHODS History taking and mental state examinations by 16 SHOs were compared before (n = 50) and after (n = 50) the introduction of the proforma. Comments on the pr...

A 52-year-old female patient, with a long history of chronic low back pain treated over time with various modalities including, recently, opioids, goes on Friday evening to the emergency room for, she says, “excruciating, paralyzing, back pain.” The house officer working her up finds that she just ran out of the pain medications she was previously on; his evaluation is totally negative; the pat...