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Questions tagged [academic-graduate]

Expert level questions which do not arise prior to graduate studies in economics.

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1 vote
2 answers
59 views

Does duality hold for u(x, y) = x^2 + y^2? (Corner solution)

Could you please help me evaluate this logic? I've been told that "if preferences are strongly monotonic, duality holds." In the case of utility u(x,y) = x^2 + y^2, we will get a corner ...
1 vote
0 answers
23 views

FMA European conference vs. EFMA annual conference

There are two large financial economics conferences in Southern Europe this June: FMA European conference (June 12-14 in Turin) EFMA annual conference (June 26-29 in Lisbon) I would like to go to ...
0 votes
0 answers
44 views

Resources for grad level math courses

I am currently waiting on Econ PhD decisions. I thought I could use this time to start brushing up on some coursework. I wished to know if there are any resources for graduate level mathematical ...
3 votes
2 answers
93 views

What are some good general economic journals to keep up with the literature in various fields?

I know about the American Economic Association Journal of Economic Literature (JEL), are there any other examples? By good I mean it should be at least Q1 or Q2 journal. It shouldn't also be ...
2 votes
0 answers
33 views

Defining an Arrow Debreu Equillibrium with a No Default Constraint

I am faced with defining an equilibrium for a two person (infinitely lived) market with borrowing and lending of one period bonds. Their utility of consumption is just $\sum^\infty_{t=0} \beta^t ln(c^...
0 votes
2 answers
62 views

Which are the main non-private organizations to do research in economics outside of academia?

For students who are graduating in economics and like doing research, but do not want to stay in academia, are there any options besides my list? My list so far: Central Banks OECD World Bank IMF (...
1 vote
1 answer
144 views

Graduate level economics lecture videos?

I have a background in economics(undergrad + plus some research) I want to try to teach myself graduate level economics. Are there any good lecturers who cover this topic online(youtube or another ...
7 votes
0 answers
270 views

Has any progress been made on the Pacman Conjecture on Finite Time Horizons?

The Pacman conjecture states that the optimal strategy for monopolistic durable goods manufacturers is to set price high and slowly drop it (i.e. eating their way down the demand curve). Empirically ...
1 vote
1 answer
109 views

Arrow's Dictator

Arrow's Impossibility Theorem is often presented as a negative result in graduate classes. I wonder if the 'dictator' is taken too literally. If the assumptions of the theorem hold, there exists an ...
1 vote
2 answers
366 views

What should I gain out of second year classes?

I'm in my second year. Most of my classes are just introduction to a bunch of papers and models. I'm not sure what I should be gaining out of these papers. What are the skills I should be picking up? ...
6 votes
1 answer
364 views

Solving Leeper (1991) model

I am attempting to solve a variation of Leeper's (1991) model, which deals with the FTPL. This is what I have done so far: The utility function is $\log(c_t)+\delta\log⁡(M_t/p_t)$. I obtain two ...
1 vote
0 answers
23 views

Interpolating GDP

So I'm conducting a test on the strength of the APT model using data, I wanted to use GDP as one of my variables but it uses quarterly data, whereas the rest of my dataset is monthly. So, my question ...
12 votes
1 answer
1k views

Conventions for reading mathematically rigorous academic articles in economics

How would an informed reader typically go about reading a mathematically rigorous academic article in economics, with lots of notations, assumptions and postulations (e.g, a typical article published ...
1 vote
1 answer
505 views

How do I elegantly upload my working paper on SSRN?

I am an academic novice. Recently, I have a working paper that I want to upload to SSRN. I have several questions that I wish to get answers to: Will registering SSRN with a private email address ...
6 votes
3 answers
1k views

Does julia's speed advantage over python make any difference for DSGE modeling?

When compared to Python the main selling point of Julia is its speed as it is often argued. However, from my own personal experience I never noticed any significant difference in speed between Julia ...
0 votes
0 answers
366 views

PhD Micro and Macro Comprehensive Exams

I am interested in seeing some old examples of PhD comprehensive exams in both Micro and Macro. I have seen that previous posts (like this one) had some suggestions given, but some of the links (such ...
5 votes
1 answer
330 views

Learning post-keynesian and marxist economics

My question here is not about theory, but more about the teaching landscape. I'm currently learning economics in Canada, and I realize that the academic world is very homogeneous. I'm quite impressed ...
1 vote
1 answer
372 views

Opportunities for Computer Science Graduates in the Field of Economics [closed]

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 ...
4 votes
1 answer
2k views

Doing a PhD Economics without background in formal theorems?

I could really use some advice. I am a new PhD student in Economics and Finance. My background is in economics, and while I did mathematics in my Master's course, it was more data-analysis based ...
2 votes
0 answers
896 views

In Economics, how likely is a R&R paper be finally accepted in a top field journal or top 5 journal? [closed]

Based on reliable data (if there is any), how likely is a R&R be finally accepted approximately? Here is some numbers I found: According to an anonymous comment, the post RR acceptance rate for ...
2 votes
1 answer
395 views

Is it necessary to ask permission before including someone in the acknowledgements of a economic research paper?

Do I need permission to thank someone, even if I said “all mistakes are our own”? Do I have to make sure that the person being thanked must read the paper, or, it is fine if he just discussed about ...
3 votes
0 answers
121 views

Solving this system of ODE

I have the following system of equations $$ \rho V(u, \epsilon^i) = F(u, \epsilon^i) + V_u(u, \epsilon^i)g(u, V(u, \epsilon^i) + \lambda^i \left(V(u, \epsilon^{-i}) - V(u, \epsilon^i)\right)$$ with $...
-1 votes
1 answer
60 views

Thesis research advice on what statistical method to use for small sample?

I am writing my thesis in economics and trying to prove there is a correlation between 2 variables Data collected with Likert scale questionnaire (1-5 scale) I summed up the data and got scale ...
3 votes
1 answer
113 views

Where to find the latest statistics of brain drain in the world?

Where to find the latest statistics of brain drain in the world? I would appreciate your suggestions.
2 votes
1 answer
217 views

What is the difference between a power law exponent and the Pareto exponent?

I use the poweRlaw package in R to fit a power law to my data. I am trying to figure out what is the value of the Pareto exponent. Assume the probability mass function is defined by: $$ p(x) = \...
0 votes
2 answers
242 views

Log linearising (Gali textbook)

In Gali (2015)'s textbook Monetary Policy, Inflation, and the Business Cycle, variables in levels are denoted with capital letters, logged variables with lowercase letters. However, when a log-...
6 votes
1 answer
322 views

Optimal price function: application of calculus of variations

The problem, I am trying to solve is based on the paper by Rochet and Vila 1994 (see literature below). In fact, it is a variant of the seminal paper of Kyle 1985 in the finance/economics literature. ...
1 vote
1 answer
2k views

What are some applications of Real Analysis in Graduate Economics?

I am interested as to what areas of masters/PhD coursework that learning the fundamentals of Real Analysis would be beneficial for? I am aware of its applications in Econometrics proofs and analysis, ...
-1 votes
2 answers
109 views

Economics PhD graduate? [closed]

What are the options for Economics PhD students after graduation? I am aware most students end up going into academia as either professors or researchers. What are the options in the corporate world ...
3 votes
2 answers
479 views

Using web scraped data for consumer price indices

Is there information and literature regarding comparative consumer price index methods? Specifically, the web scraping method of index construction?
0 votes
1 answer
101 views

Market Power in microeconomic theory

What does the term Market Power mean in microeconomic theory
0 votes
1 answer
83 views

Getting a Paper Published

I have a nice and (I think) significant result. I would like to publish it, but I have no idea how. It's a proof of an optimal institutional structure. Who do I contact?
14 votes
1 answer
458 views

Barro's (2009) rare disaster model in the AER: How to derive equation (10)?

In Barro (2009) Rare disasters, asset prices and welfare costs Barro develops a Lucas tree model with Epstein-Zin preferences. My question concerns the paper's equation (10). In this equation Barro ...
4 votes
2 answers
330 views

Solving rational expectations model - Sims form

I am trying to solve my first ratex model and make some impulse response functions using Dynare. I am following Leeper (1991). This is what I have done so far: The utility function is $\log(c_{t})+\...
15 votes
1 answer
595 views

Stochastic growth in continuous time

Literature: See Chang (1988) for theoretical part and Achdou et al. (2015) for numerical part respectively. Model Consider the following stochastic optimal growth problem in per capita notation. \...
3 votes
1 answer
177 views

Value function iterations with hyperbolic discounting

I am currently working to the numerical solution of a model similar to the consumption-savings decision model with hyperbolic discounting as in Krussel et al. (2003). Even if hyperbolic discounting ...
8 votes
1 answer
466 views

Optimal consumption in Merton-like portfolio choice model with constant wage

My Questions Consider the following problem. It is almost identical to the classic Merton portfolio choice problem. Here I'm solving it using the so-called Martingale method. I have provided my ...
11 votes
6 answers
2k views

Did previous researchers fail to detect the hot hand simply because of a statistical fallacy?

Many basketball fans/players believe that having made several shots in a row, the next shot is more likely to go in. This is sometimes called the hot hand. Starting (I think) with Gilovich, Mallone, ...
20 votes
0 answers
911 views

How do I use the Malliavin calculus to solve for the optimal trading strategy in the classic Merton problem?

How do I use the Malliavin calculus to solve for the optimal trading strategy in the classic Merton problem? In Duffie's book "Dynamic Asset Pricing," he outlines the "Martingale method" of solving ...
11 votes
3 answers
1k views

Does risk aversion cause diminishing marginal utility, or vice versa?

Let $A$ be the set of possible states of the world, or possible preferences a person could have. Let $G(A)$ be the set of "gambles" or "lotteries", i.e. the set of probability distributions over $A$. ...
2 votes
1 answer
111 views

A general formulation to capture price stickiness

In Wickens' macro book, page 227 (1st edition), the author states where $p^*_t$ is the optimal price at time $t$. The three theories he is referring to are: Taylor Model of Overlapping contracts, ...
1 vote
1 answer
815 views

$\alpha$ condition and choice structure

I am trying to prove a statement that if $c_R$ is a choice structure, then it must satisfy Sen's $\alpha$ condition. However, if $X=\{a,b,c \}$, I can construct some choice structure like $c(\{a\})=a,...
1 vote
0 answers
27 views

Which of the possible monetary policy channels is there empirical evidence for?

There are many possible monetary policy channels. These channels are the different ways that changes in the Fed's interest rates can affect the economy: exchange rate depreciations, business ...
3 votes
1 answer
81 views

Firm Sizes over the business cycle

There has been a lot of evidence about the firm size distribution (as measured in employment) being Pareto (see for example Luttmer 2007), but what are the properties of this distribution over the ...
4 votes
2 answers
268 views

Is there a model for how much a philosopher produce in his lifespan?

Is there a model for how much a philosopher produce in his lifespan? If not, state the economical reason for why we pay the philosopher.
4 votes
3 answers
242 views

How to close the gap between non-Econ background and Macroeconomics

I'm a first year PhD student with mathematical finance background, and am not quite familiar with all the assumptions/setup for macroeconomics. During study I found the math relatively easy but I'm ...
4 votes
1 answer
93 views

Are there some nice properties for a finite two-player game having an increasing differences utility and a decreasing differences utility?

Nice properties of the set of Nash equilibria can be shown for supermodular games(see here). But for a two-player game in which Strategy spaces for two player, $S_1$ and $S_2$ are finite, and both ...
4 votes
2 answers
714 views

Why are some economists remarkably productive?

I'm a first year PhD student and I randomly go to different professors' websites to admire their works. Usually an economist has around 20 published papers when he/she reaches professorship. But there ...
1 vote
1 answer
79 views

How to derive formula for marginal probability of choosing nest in nested logit model?

I am trying to understand all the details of the nested logit and what confuses me is the formula for marginal probability of choosing the nest. In more details: the joint probability of individual n ...
5 votes
1 answer
129 views

If $a$ and $b$ are two pure rationalizable strategies, can $0.5a+0.5b$ fail to be a rationalizable strategy?

It is easy to see that if $\sigma$ is mixed rationalizable strategy, then a pure strategy $a$ such that $\sigma(a)>0$ is also rationalizable, but it seems not vice versa. For a two-player finite ...