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I read in an economics article the following: RBI Governor has decided to keep the unwinding of monetary policy gradual, calibrated, and non-disruptive while remaining supportive of the economic ...

I recently read an article about China's economic progress: Chinese economy to overtake US 'by 2028' due to Covid Can models and simulations based on economic data predict when China's economy will ...

Suppose that we have two states of the world equally likely to occur, and say $\psi$ is the common prior of the state $\theta\in\Theta=\{G,B\}$. The types of the players are given by the following ...

In January 2015 oxfam allegedly published this graph: Q: I'd like to see how that projection held up, by getting the updated data with a comparable methodology.

max $log c_1 +\beta log c_2$ s.t $c_1+g_1+s=y_1$ and $c_2+g_2=y_2+s$. Suppose that $g_1=G$ , $g_2=\rho G$. What is the value of $\frac{ds}{dG}$ when $y_2$ is deterministic?

From a paper of Athey, 2021, Journal of Econometrics, I saw the assumption of no anticipation effect is Assumption 2: For all units i, all time periods t , and for all adoption dates $\alpha$ , such ...

I am currently working on the quarterly output gap data on FRED. However, I would like to convert the data series into a monthly one. Would an appropriate methodology be to divide the dataset by 3 ...

In general, two most important assumptions that all Difference-in-Differences must satisfy are "no anticipation effects" and "parallel trend". The parallel trend is tested by ...

Normally, anticipation effect is tested as an assumption for Diff-in-Diff. However, it seems that it is necessarily for examining the impact of laws on firms' behaviour or else. For example, we want ...

Consider an environment where there is an infinitely-lived representative household endowed with $K_0>0$ units of productive capital and a total of $T_0>0$ units of time. The household has ...

I don't understand how to prove slutsky matrix is symmetric for L=2 $$\frac{\partial x_1}{\partial p_2}+\frac{\partial x_1}{\partial w}\cdot x_2= \frac{\partial x_2}{\partial p_1}+\frac{\partial x_2}{\...

If the increase in labour force has been higher than the rate of population growth, it means that the population is becoming younger requiring the creation of new job opportunities at an increasing ...

ℑ𝔫 𝔢𝔠𝔬𝔫𝔬𝔪𝔦𝔠𝔰, 𝔠𝔞𝔫 𝔶𝔬𝔲 𝔰𝔞𝔶 "𝔫𝔲𝔪𝔟𝔢𝔯 𝔬𝔣 𝔢𝔪𝔭𝔩𝔬𝔶𝔢𝔢𝔰/𝔴𝔬𝔯𝔨𝔢𝔯𝔰/𝔭𝔯𝔬𝔡𝔲𝔠𝔱𝔰 𝔡𝔢𝔪𝔞𝔫𝔡𝔢𝔡", 𝔬𝔯 𝔡𝔬 𝔶𝔬𝔲 𝔥𝔞𝔳𝔢 𝔱𝔬 𝔰𝔱𝔯𝔦𝔠𝔱𝔩𝔶 𝔰𝔞𝔶 &...

Scenario Suppose the following initial scenario: • The current exchange rate between the New Zealand dollar and the U.S. dollar is E = 0.70, using the NZD/USD quotation standard, and that the market ...

When a Hessian matrix is negative definite at a critical point then that critical point is a local maximum (Sufficient Condition). As per the calculus wiki: Link, when the Hessian is negative semi-...

I have producer price index data. I have 4 products almond walnut pecan and peanuts, two of them start from 1991 almond and walnut (base year) another two from 1982 pecan and peanut. Does anyone know ...

Looking for a generic answer to this question and potentially literature etc. that will help me study this question. Thanks in advance.

I struggle to write and solve Lagrangian in the Ramsey model. I have the following individual preferences with a budget constraint: and an additional constraint that is a no-ponzi condition: How to ...

With geometric series, I understand that, broadly, you can sum from $1$ to $n$, or from $0$ to $n-1$. Let $r=0.03, p=\\\$10, n = 10$. $\sum_{j=s}^{j=s+n-1}{pa^j}=\frac{p\left(a^{n}-1\right)a^s}{a-1}$ ...

Here is the capture from Hal Varian's Intermediate Microeconomics chapter Externality. I remember clearly my lecturer said this graph is wrong several years ago, but I cannot remember the argument ...

I know this question has been asked quite a few times already but I have several other different questions to ask too. So, I am asking all of them here. Let me give you a quick summary of my ...

"money must be introduced as part of the production process. Such a process is inherently dynamic, as entrepreneurs in each period must produce a new flow of commodities.” and households have no ...

I know that a shift rightwards in aggregate demand would cause an inflationary gap according to the New Classical model. It would cause price levels to rise and prices of factors of production to ...

Good morning everyone, since I've just finished to read the book "A Treatise on Political Economy" by the french economist J.B. Say and since I've read about his famous "law of markets&...

I'm working through Bolton and Dewatripont, Section 11.1.2, and have some questions about material in 11.2.5 on the bottom of page 497. I've tried to abbreviate the setup below, followed by my ...

what is the difference between post-keynesian and marxist theories? and why the alternative theories of money and financial markets exist?

Say there's a poll where there are 3 players and the voters pick their favourite. The poll will suppose Player x is weakly socially preferred to player y if and only if player x was awarded at least ...

I am required to show that if: $f:R^L \rightarrow R$ is a strictly monotonic function and $u:R^L \rightarrow R$ is a utility function representing a preference relation $\succsim$, then the function $...

Define $\ln\frac{c_t}{c}=\hat{c_t}$ which means % deviation from steady state. Then $\frac{1}{c_t +\alpha g_t}=\lambda_t$ is equivalent as $\frac{1}{c e^{\hat{c_t}} + \alpha g e^{\hat{g_t}}}=\lambda e^...

Are these principles currently relevant? Which principles would you add or, on the contrary, exclude? Which principles are observed today, and which are not? Why? Which of the principles would you ...

I have two data sets, where in data set 2 the date is in following form "Friday, 10th January 2019". In data set 1 the date is given in the form "10 Aug 2019". I want to append ...

Sorry if this is not the place to ask, I'm new here. I'm studying economy but I'm struggling to understand the Cobb-Douglas utility function. If we've one such that xt is consumption in period t, and ...

If I, a citizen from South Korea, borrow $100000 from a Japanese bank to fund my purchase of a new Mercedes in the US, I'll be contributing to the GDP of US. However, will I be contributing to the GNP ...

Define $\hat{y}=\log\frac{y_t}{y}$ which means percentage deviation from steady state. Then $\hat{y}=s_c \hat{c}+s_i \hat{i} + s_g \hat{g}$ where $s_c +s_i +s_g =1$. I can't derive that result. Is ...

Say I have a single indivisible good that is randomly allocated to one of two consumers. The first consumer's utility for the good is \$5 and the second consumer's utility for it is $10. If the good ...

Does anyone know where to get free cross country, country to country foreign direct investment and production chains data for a cross section analysis? I ve looked at the world Bank database, couldn'...

Could you please help me with a hint how to solve the following problem? I have to be able to explain it to a student, who studies economics in a university. Thank you.

I struggle to write and solve Lagrangian in the Ramsey model. I have the following individual preferences with a budget constraint: and an additional constraint that is a no-ponzi condition: How to ...

I've been reading a paper in the capital misallocation literature (david and venkateswaran, 2019) which talks about the correlation between arpk and productivity. I can't figure out how these are ...

I have a question about creating confidence interval for difference between two coefficients from a regression. Is there any specific command in Stata to do that? After I run the regression, I use t-...

In this note, http://web.mit.edu/krugman/www/MINIMAC.html, Krugman develops a simple model to introduce the idea that whenever an economy experiences price rigidity then this economy is demand-...

The trouble with classical interest theory, said keynes was that it assumed the fixity of the key economic variable the level of employment was assumed fixed at full employment.. How this assumption ...

today my paper get rejected due to this reason when I used the Difference-in-Difference as my methodology In addition, it would need to address concerns about causal estimates as there are a number ...

Consider the simplest consumption-savings model of the following form: $$ \max_{\{c_t,a_{t+1}\}_t}\mathbb{E_0}\sum_{t\geq 0} \beta^tu(c_t) \\ a_{t+1} + c_t = (1+r)a_t + y_t \\ y_t \mid y_{t-1} \sim F $...

How is MMT a viable strategy for making a more buoyant economy in times of slow growth and high unemployment with regard to Government spending? My question: MMT is talked about (Mosler and Kelton etc)...

A country would like to reduce their oil production. Consider a specific-factors model for that country, with two sectors: oil (O) and non-oil (N), and two factors: labor (L) and capital (C). Consider ...

Why are you not adding C on the other side as well? Then it will look like this: (ln(P)+C) = 𝛼 (ln(L)+C)

I'm much confused about the inverse relationship between the bond price and interest rate.. Please explain how it works And also explain this quotation: it it more accurate to say that a fall in bond ...

As we know, we can calculate the confidence interval relating to standard errors and coefficients by that to get the high CIs and low CIs at 95% confidence interval Confident interval +/- standard ...

Low denomination money tend to be coins because low denominations are exchanged more often therefore a low denomination paper money would wear out quickly. But doesn't this argument transfer to higher ...